Friday, February 29, 2008

What on earth is it going to take? Why are ALL LEADERS SILENT?

Oil Briefly Tops $103 a Barrel for 1st Time As US Dollar Weakness Draws Investors
Oil prices briefly surpassed $103 a barrel for the first time Friday as persistent weakness in the U.S. dollar and the prospect of lower interest rates attracted fresh money to the oil market.gasline.gif

Light, sweet crude for April delivery on the New York Mercantile Exchange jumped to a new trading record of $103.05 a barrel in electronic trading before slipping back to $102.07 a barrel, down 52 cents, by midday in Europe.

Obama? Hello? What's your FOUR YEAR PLAN for total energy independence? How much are you planning on investing in fusion electrical generation? Coal to liquid fuel research? Oh, that's right you are too busy arguing with Hillary over being certain every American has health insurance provided ultimately by the govt, something which is IMPOSSIBLE to afford.

Attributed to de Tocqueville :
A democracy cannot exist
as a permanent form of government.
It can only exist until the voters discover
that they can vote themselves largesse
from the public treasury.
From that moment on, the majority always votes
for the candidates promising the most benefits
from the public treasury
with the result that a democracy
always collapses over loose fiscal policy

How much time have you spent explaining to the american people why this should be our top priority, Obama? Why haven't you? Mr. McCain? Give in on that one? What's the matter Exxon-Mobil talking to you and Barack too much?

Americans, both parties have failed to do their duty, and since 1973, when it became obvious what the real cost was going to be, have done almost no real thing to give this nation independence from religious, socialist, and vanilla dictatorial loons, who sit above dead dinosaurs and plants? The presidents have failed to design realistic plans, and congresses have failed to authorize any plans that might have helped, INCLUDING EXPLORATION, and drilling, the simplest of answers. Now the needs are dire, and the problems inching towards economic desperation as a real, and viewable possible outcome.

Why is that?


Dollar Sinks Ahead of Income Reports
Friday February 29, 6:37 am ET

Currency Investors Brush of Fed Statements; Dollar Hits Another Record Low Friday BERLIN (AP) -- The dollar struck another record low Friday in Europe as comments from the U.S. Federal reserve chief appeared to instill little confidence.

Uncertainty over the U.S. economy continued to drag on the dollar a day after Fed chief Ben Bernanke said the American economy was not "anywhere near" the dangerous situation of the 1970s.

The lack of confidence the amoral judgment of capital has pronounced upon america right now goes right back to a lack of forthright acceptance of the age we are in , and it's compulsory solutions. This is a fault of leaders, and of people,and the world sees it clearly americans. No soft power kumbaya, or old school old boy method have yet sufficed to change the dynamic or the challenges of THIS age.

Gold price hits record 976.32 dollars per ounce in London


The price of gold rose to a record high point of 976.32 dollars per ounce in morning trading here on Friday as the dollar struck fresh historic lows against the euro, traders said.

The previous record high price for an ounce of gold was 964.99 dollars, reached on Wednesday.

A weak US currency boosts demand for dollar-denominated raw materials such as gold because it makes them cheaper for buyers using stronger currencies. However the increased demand eventually leads to higher prices.

Demand for gold tends to rise at a time of uncertainty about political or economic conditions, and when inflationary pressures appear to be building up.

Just what kind of lesson will it take for Americans to come to grips with the challenges we face? What will it take for us to push forward people who challenge us with difficulties and not attempt to buy us with impossible promises?

We have to produce more than software. We have to generate more than debt. We have to invest in more than stocks. We have to look further than the next quarter's report. We have to arm ourselves with more than Raptors

What's it gonna take to wake us up?


Michael Travis said...

Spot on EPI.......America and Americans had better wake up and get to work.....and restore our manufacturing infrastructure.

Anonymous said...

Michael, restore our manufacturing & infrastructure? Such are dreams!

Instead, 'the powers that be' have far different plans . . .