& I'd like higher prices...like north of $4 b/c the more so prices are up, the quicker folks get pissed & wanna invest in green technologies.
I think this is the game OPEC is playing & has been for quite sometime. Even tho it's proven that they really haven't been able to manipulate prices all that much w/re to the production increase/cutting strat....there's is a point where prices will indeed begin to reflect production cuts/increases. & when folks begin to really scream (mid 3's & above)OPEC backs off cuz they want us to stay hooked...at least until we get closer to the bottom of their barrel. They still have bills ta pay for all the expansion goin on over in the UAE & if not for our major dependance on their crack, who & how are they gonna be payin all their infrastructure bills?
This was but 1 point the doc "Who Killed the Electric Car?" touched on.
I agree Nettles...we all need to start payin the piper here ta get us out of this mess....from higher gas prices to spur on the efficiency/conservation/green movement to taxing all financial transactions...as opposed to taking the easy route...running the fed printing presses & making us pay for it all in this manner...which in the end only helps the powers that be continue to keep the masses suppressed.
Just think...w/the dow at historic lows & all the money on the sidelines (Mutual Fund, etc.) waiting for Q1 before they junp in, if there was an imposed tax on buys & sells (like .10-.15 cents per trans) just think how much & fast we could begin to eat away at the losses. This is just one idea floating around....& you would think w/an Obama regime ideas like this could get some traction behind it. tho w/folks like Buffet & Rubin advisen that may not be a serious consideration...sadly. Volcker maybe...but The Oracle & Rubin lean more so towards the Rep way of finance I believe...keeping taxes low, etc.
Even so.....I feel there's soooo many better ways to get us out of this mess...the money is out there, we just need to figure out a way to grab a piece of it. Not sayin we shouldn't also run the fed presses to a degree....just not nearly as much...maybe 2/3 rds of the 700 (& most likely raising). If they created say 150-200, that in combination & coordination w/a few other creative ways, I think we could dig ourselves out of this hole w/in 5 yrs time...tops. The route we're headed....even if managed properly (& that's not such a sure thing) we'll surely be saddled w/this bill for at least a decade....& I'm not even considering all the after effects.....inflation, etc.
OK....who here is shortin eur/jpy?
short here @ 119.63....thinken .30 at least b4 .90
