Visitor Post: When Priced In Gold, The US Economy Is At Depression-Era Levels( zerohedge.com).
The odd thing, to me at least, is that this has been ignored by all of Obamas “brilliant” financial consultants. Or, perhaps, neglected due to the fact that it doesnt fit their particular anti-free-market paradigm.
Now, prior to anyone labels me as an “evil energy pig”, let me say – I do more ecologically than anybody I understand. Ive recycled and reused for many years – before it ever ended up being stylish – and I save numerous gallons of gas each year by travelling by bicycle. Thats right – I cycle hundreds of miles each year during favorable weather condition (I would do it during colder weather too if it werent for the stooooopid EPA, but thats a story for another post).
Ive been stating all through the financial debacle of the last 4 years, gas dropping into the $2 range (preferably closer to the $2 mark), would be the very best thing that might occur to us financially. Not tax cuts, not trillion dollar money injections into the economy, not wishful thinking. No, the very best thing would be a drop in the cost of energy. (Which is why I was so “for” Romney in the election – he wanted to develop an American energy surplus).
The new burglar barons( westernfrontamerica.com).
My wish for inexpensive gas is NOT about me and my individual expenses (though it does assistance), but rather for the economy as a whole. It would be a long lasting shot in the economys arm – far more reliable than any federal government stimulus or tax cut (the Bush tax cuts ought to stay in impact so as to not neutralize the lower energy costs).
And, like my brother-in-law Scott said to me last week during our family Christmas party, “Bet you didnt think you d ever get excited about $3 gas”. Ive been stating all through the economic debacle of the last 4 years, gas dropping into the $2 variety (ideally closer to the $2 mark), would be the finest thing that could take place to us financially. Ive recycled and reused for years – before it ever became fashionable – and I conserve hundreds of gallons of gas each year by travelling by bike.
Thats how much I simply paid for gas at the Fred Meyer on Chinden Blvd. And, like my brother-in-law Scott stated to me recently during our family Christmas party, “Bet you didnt think you d ever get excited about $3 gas”. Well, I am delighted, and heres why.