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peter schiffs latest prediction when harassed to put a number on his doom and gloom,how low will the dow go!!??I dont know but the price of gold will match the dow,somewhere in this downturn.They really have been treating him poorly as of late on these shows,I guess they dont like the truth,did anyone see the RBS (royal bank of scotland)press release saying they expect a collapse in the u.s. banking system by september,others have issued the same warning mainly coming from european sources,many think the depression will be worldwide,just look at the housing bubble,it was a worlwide phenomena as well,were just ahead of the crash curve by maybe 6months to a year,others are calling it The fiat currency collapse,which is again worldwide.I really dont know what to make of it anymore,just be alert I guess.
Airlines are in big trouble already, and if the cost of jet fuel keeps rising, it's just going to get worse. I wouldn't want to be a pilot or a flight attendant now!
The federal reserve is caught between a rock and a hard place. If interest rates are raised, then the housing slump is going to get worse, but inflation is controlled, as well as the sliding value of the dollar. If interest rates are lowered, housing might get a little better, but we'll be paying a lot more for oil with devalued dollars. What a choice!
I would say , go for the rate to be cut ,......one more time. There will be an emergency meeting of the Fed this week. The Administration thinks it can handle inflation , for now , better than a recession. So much depends on the Markets this coming week, we will see.......buy gold !
I wouldnt be surprised if oil drops a bit after the election. Maybe next administaration will cool down the moose and goose crowd, and allow expansion of our refining and pipeline systems. Let alone drilling.
I wouldnt be surprised if oil drops a bit after the election. Maybe next administaration will cool down the moose and goose crowd, and allow expansion of our refining and pipeline systems. Let alone drilling.
We need a tax on the oil. Should have had it 10 years ago. When gas prices are high , people cut back ,, and , forget about alternative energy. Other countries do it, they live with 9.00 a gallon, and , a lot of that is tax.We need to be weened off oil , period.
We need a tax on the oil. Should have had it 10 years ago. When gas prices are high , people cut back ,, and , forget about alternative energy. Other countries do it, they live with 9.00 a gallon, and , a lot of that is tax.We need to be weened off oil , period.
Really? Even if it means 25% unemployment? You liberals need to get realistic. We need to get off oil but its not something that can be done overnight. Taxing gas to $9 per gallon is only going to put out of business the millions of retailers, restaurants, and manufacturers as consumers continue to cut back. We can't pour water on America and it magically become Europe. Most people wont give up their McMansion and SUV no matter what the cost of gas. They will just cut back on everything else. $3/gallon is the ideal cost of gas. Thats actually what it was in Europe before the Bush price spike started.
Really? Even if it means 25% unemployment? You liberals need to get realistic. We need to get off oil but its not something that can be done overnight. Taxing gas to $9 per gallon is only going to put out of business the millions of retailers, restaurants, and manufacturers as consumers continue to cut back. We can't pour water on America and it magically become Europe. Most people wont give up their McMansion and SUV no matter what the cost of gas. They will just cut back on everything else. $3/gallon is the ideal cost of gas. Thats actually what it was in Europe before the Bush price spike started.
My point is , that as much as you Right wingers say "no more taxes" , it seems to be the only way to get us off oil. It will take high oil prices , to advance alternative energy development.We have been thru this before , people forget.
It will always take the voice of the people to clean things up , to demand affordable health care , and a healthier environment. Government has its place , as a representer of the people. Big Business will never act in the best interest of the people , when , profits come first. Corporates have no soul , they are an entity , not a person.
My point is , that as much as you Right wingers say "no more taxes" , it seems to be the only way to get us off oil. It will take high oil prices , to advance alternative energy development.We have been thru this before , people forget.
It will always take the voice of the people to clean things up , to demand affordable health care , and a healthier environment. Government has its place , as a representer of the people. Big Business will never act in the best interest of the people , when , profits come first. Corporates have no soul , they are an entity , not a person.
I bet you're a teenager living at home that doesn't have to worry about this economy. I know that if gas prices keep rising like they have been doing, MUCH of the country will soon be out of work. Yes we need to get off oil, but not if it means economic collapse. Raising taxes in a severe recession like this is a VERY dangerous thing. Consumers are strapped enough as it is, adding more taxes on gasoline will destroy whats left of the economy. You liberals hate chain retailers, but they are a huge part of our economy. Think of all the families that will be affected if they go under. Plus, you want to tax gasoline to $9/gallon to encourge use of alternatives, but as of now, there ARE NO practical alternatives available. When people have another option, we'll talk. Right now, our economy depends on oil.
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I wouldn't want to be a pilot or a flight attendant now!
