$1000 per Gallon Gas or 1000 Dow????
A Finance Ministry official says Kuwait does not want any delays to implementing a unified Gulf currency plan.
The official Kuwait News Agency on Monday quoted Finance Ministry Undersecretary Khalifa Hamada as saying Kuwait supports issuing the new currency "on schedule."
When your allies are attacking you.....you know you have problems. Don't these guys know that if Oil is priced in anything but dollars.....the price per barrel on a dollar basis will go through the stratosphere......and we have no way to get much of any other currency to support our 330 million people who are used to living at a very high standard and consuming lots of oil for just about everything????
Since our wages are constrained.....not like in the 70s where wages went through the roof or eighties when spouses entered the workforce elevating family incomes....if oil skyrockets against our evaporating wages....we are hosed.....really hosed up the hose hole.
OIL and GOLD are now rising exponentially....our allies are abandoning us in the currency game.....you can only counterfeit for so long....before even your friends abandon you.
Friends don't let friends drive drunk....nor do they let them counterfeit.
Now the question is what happens to our economy if government reigns in spending and actually becomes responsible????? Can anyone say massive contraction???? But you know what they say, no pain no gain.
So what will Obama do....attack other nations and take their oil......or suck it up and restructure our economy?????