Posted on 01/19/2016 3:59:55 PM PST by SeekAndFind
Time to buy stock in mattresses. :)
Some places are charging negative amount for oil... In other words they will PAY YOU to take some off your hands.
I will take all they have- and donate it to the strategic national oil reserve
What’s Cruz’s position on this?
You can not make socialist happy. For years they have been telling us to cut back and conserve... and look what happens when we do. /s
All perfectly timed for the new Communist Prime Minister.
It’s called “deflation”, and was behind the decision of the Federal Government to make ownership of gold illegal for US Citizens, except for certain very limited purposes. Simultaneously, the price of gold was artificially raised from $20 per ounce to $32 per ounce, effectively becoming a devaluation of the dollar against all other currencies. Without gold in circulation, this effectively kicked the US currency into free fall, but because few people had cash reserves of any magnitude, prices also fell, sometimes sharply, all through the years of the Great Depression, and did not recover until the US ramped up industrial production to sell (for silver pound sterling exchange) to the British to supply armaments in their fight against Nazi Germany. The belated entry into the war, on December 8, 1941, found the US military establishment still woefully undermanned and unready for engagement with the Japanese in the Pacific and the Wehrmacht in Europe.
We cuffing near lost that war. Only our isolation and the broad ocean on both coasts prevented a widespread invasion.
I’m old enough to remember long lines at the gas pumps in the 70’s. At that time, we were told oil was a limited commodity and would soon run out. Yet, here we are 45 years later and we have and oil glut. How can this be?!? Is it possible the Malthusian “experts” don’t have a clue? People like Paul Erlich and Al Gore pontificate on how things will be dire in 10 or 20 years, yet when the time goes by, and NONE of their predictions are close to right, media types go back to ask them for more follow-up “expert” advice. I’m an engineer and if I was as totally off-base in my work as they are, I would be drummed out of the profession.
How is the sale of those carbon credits in fancy paper going?
Maybe for a very brief moment (as far as history is concerned) however our nothing backed dollar is on the verge of being replaced as the world reserve. Once that happens (and it will), hello Wiemar.
I’m long wheelbarrows.
When you go to the pump to fill up your car you pay the price on the pump. The price can affect how much you buy, but that’s the recreational amount. There is a base amount of gas you need to go to work go to the store to buy food, etc. That amount of gas you buy doesn’t change much, only the gas for recreation is optional. It’s not the average driver manipulating the price. Year to year we probably buy the same, give or take 10% or 20%.
A budget needs first defined before they can balance one.
In other words, I agree with you; purpose driven destruction. DC is spending into oblivion as though there is no “tomorrow”. Kinda makes you think; if you’re paying attention. (<— not directed “at you”)
At this point, it is about setting up your offspring to simply survive in hopes you can preserve some wealth for the grandkids and even then, more probable the great-grandkids before anything can be realized.
Gas prices effects the type of vehicles bought. Right now I predict the average MPG of the US fleet to go up significant over the next year. So demand is not static but it changes with price.
With high car prices and 5, 6 or 7 year loans cars stay on the road longer. More higher mileage cars come into play each year, but not right away. It’s a slow phase in.
IIRC, that was about the time of the Cyprus & Greece being in the news. Greece for its unmanageable (and un-repayable) debt and Cyprus raiding depositor bank accounts (three years ago this March.)
Well, here we are. Banking systems are all ready to charge negative interest rates for NON-HIGH WEALTH RETAIL BANK ACCOUNTS (ie: you and I) while the multi-millionaires and billionaires continue to get the "high wealth" treatment vis a vis paid junkets to golf championships, someone to wash their boats, walk their dogs and more --- all for free --- while the rest of us are being prodded to spend our money, presumably to prop up the economy.
Warned y'all almost three years ago now. It's coming. Sooner than most people think. If you think paying high fees for your checking account was bad, just WAIT for being charged the "privilege" of depositing your money at one of the TOO BIG TO FAIL banks.
Commodity-driven economies are starting a downward slide around the world, it’s happening at the state level within the United States as well, in regions that have weathered poor economic conditions pretty well up to now.
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