schoolsout
Veteran Member
This will kill allot of guys like me that are self employed and rely on Diesel power to haul equipment, especially since I am locked mostly in contract work.
I have heard little out of DC, so I think it's safe to assume what I've heard as true, that the "one" in charge is all for higher prices.
Stop and really crush your brain, see all the ramifications for a sudden rise in oil to the heights that are predicted. Tonight on the news they said there has already begone a rapid drop in fuel purchased by Americans and smaller amount bought when purchased. Wont be long and we will have some major decisions to make in our personal spending.
What will happen to this economy will be a self inflicted wound.
I will sure be at the polls in 2012, IF I CAN AFFORD THE FUEL TO GET THERE!!!
Republican or Democrat, the same would be occurring.
The printing of money by the Fed/Treasury complex to bail out banks, and other "important" entities, that abused the system, made horrible bets and should have failed is the main driver behind the rise in prices such as energy and other commodities.
Again, I will repeat...you ain't seen nothing yet. They are still going to print money. The debt will continue to go higher...
Severe inflation is on the way....meanwhile, wages will remain stagnant, at best.
Notice the correlation between Money Supply (Fed/Treas. doing the bailing out of banks, Warren Buffet, pensions, GE, blah, blah blah) and the commodity index