ATWDLimited (< 20)

OIl, $132

May 21, 2008 – Comments (1) | RELATED TICKERS: CRED , NGS , FDG

the title says it all. 

Wow, every day its gone up, $2 a day, and it is not slowing down. The dollar is just collapsing, look at the purchasing power of the dollar the last three months. It is terrible. In fact, the GDP purchasing power of oil has been slashed by 50%. Now we can get 106 560 606 000 Barrels when just last year we could get double that. In fact, we are falling hopelessly into debt.

High oil+weak dollar+low growht+inflation+high debt=The United States

These factors are often apparent durning a a down turn, now, but the last one high debt, has been ignored, and is being done right now. Its the leveraging. Home prices were leveraged so they crashed, the dollar and the US GDp is leveraged, so it is falling down. Even fake credit can't solve the problem, it just exacerbates it. Thats why we are seeing these high prices. THe US is killing it's self with debt, and the lack of production of resources and goods. What we need is took cut debt, build infrastructure, shrink government and produce all the energy we have be it coal, oil, gas, solar wind, anything but corn and ethanol and we should be fine. IF only Congress, the president, those 3 stooges running for president and all America just did it we would be in the largest boom market ever, yet we sit idle while our economy is hollowed out from the inside.