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To: M. Espinola
That's the plan. Question is how many off shore hedge fund managers are going to get cold feet just before that? When they dump the oil futures, it will bust faster than the housing market.

Now.

Just what is going to drive the American 'service sector' economy?

It will not be manufacturing because people have over burdened themselves with credit and the money isn't there to borrow neither.

As the sub-prime over building / over-priced housing market banking sucked a big wad from the economy with a lot of it going south of the border for all the illegal Hispanic labor and fat bonuses to execs that have bankrupted their companies.

It's just a well orchestrated Ponzi scheme to force shamnesty down our throats by the whores on The Hill.

14 posted on 04/16/2008 5:54:09 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: RSmithOpt
The various points you brought up are all true.

We need to recall when not all that long ago when leading Asian economies were suffering from the currency traded triggered 'Asian Flu', sinking crude oil prices to under $11 dollars a barrel, dropping pump prices to under $1 a gallon. That was only eight/nine years ago.

Traded commodities which soar quickly have a history of plummeting twice as fast, (2001 palladium prices being a prime example) however, in terms of the energy sector, once OPEC's Iranian jihadist thugs are finally delivered long over due justice, the resulting panic in the oil pits could conceivably skyrocket oil prices beyond $200 a barrel in the chaotic midst of energy trader pandemonium, as global stock market are bearishly sinking fast. Anything can happen before the November elections.

24 posted on 04/16/2008 6:34:58 AM PDT by M. Espinola (Freedom is not 'free'.)
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