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About This Page: This is a discussion on Politics within the LetsGoKings.com forums, at Los Angeles Kings Hockey Fan Forum. Originally Posted by KINGS17
True enough about Britain, but we are not an island, and have choosed to handcuff ourselves more often than not. I would say that at this
True enough about Britain, but we are not an island, and have choosed to handcuff ourselves more often than not. I would say that at this point we are on the same path as Rome. Corruption and our own stupidity are the major obstacles to overcome.
At some point Americans are going to say screw the environmentalists and insist on reasonable energy prices.
did you read the part where China has 1.8T USD? 75% of our debt?
When more major banks start failing (Bear Stearns is just the tip of the iceberg), how are we going to print more money to pay off the FDIC 100K promises to people? We gotta sell our debt instruments and if China decides to stop buying them, along with Russia and India, what then? The only way they would keep buying them is if we raise rates. What happens if we do? more foreclosures, less lending, companies tightening up and laying off of more people.
did you read the part where China has 1.8T USD? 75% of our debt?
When more major banks start failing (Bear Stearns is just the tip of the iceberg), how are we going to print more money to pay off the FDIC 100K promises to people? We gotta sell our debt instruments and if China decides to stop buying them, along with Russia and India, what then? The only way they would keep buying them is if we raise rates. What happens if we do? more foreclosures, less lending, companies tightening up and laying off of more people.
this could get very, very ugly.
It could, but if it does it is going to affect the entire globe. China needs us to be consumers of what they produce as much as we need them to buy our debt instruments.
I'm not saying it's an ideal situation. I am just saying that it's in everyone's best interest to engineer a soft landing. We definitley need to reduce our foreign debt, but I think we saw the same thing back in the '70s and early '80s with Japan and it was unwound very slowly.
The Fed is going to have to start tightening sooner or later. Hopefully, they do it in very slowly in small amounts.
__________________ Hockey's original bad boy. The "Cowboy" Howie Young
You've got the guy from Humboldt wondering....... what's this guy smoking. And I thought I was high. Gas prices, food prices and precious metal prices will continue to spike. Prepare for the Greatest Depression. The United States is on the fast track to becoming a third world country and the sooner we all wake up the better prepared we will be when the fit hits the shan.
Oil already down $10/barrel in two days...anybody else want a piece of me?
Oil already down $10/barrel in two days...anybody else want a piece of me?
I'll take a piece. Prices will soften until Hurricane "Insert Stupid Name Here" works its way into the Gulf of Mexico near the end of summer. Hysteria all over again.
The difference is that there is evidence for the former and not for the latter. We have people on the record saying that an attack against Iran is imminent and is part of the White House discussion right now. We have John McCain's chief strategist saying that an attack on the US would benefit McCain's campaign.
Do you have any evidence that Democrats or Obama are deliberately trying to keep gas prices high? No, you don't, because there is none. You've said yourself in this thread that the supply and demand for a global commodity is the primary reason for high gas prices. It's easy to speculate about what could happen and fall back on the red herring of cheap cynicism: "both sides are bad." But valid arguments require evidence.
Al Gore said that we should artificially try and raise gas prices to 10 dollars a gallon. Al Gore is a democrat and apparently a pretty good one.
Last edited by mountain; July 17th, 2008 at 08:35 AM.
Al Gore said that we should artificially try and raise gas prices to 10 dollars a gallon. Al Gore is a democrat and apparently a pretty good one.
Really? When did he say this?
And giving you the benefit of the doubt, which I shouldn't do, because you have a habit of lying and changing the subject, what office does Mr. Gore currently hold? Go back and re-read the thread--the idea was that Democrats in DC are trying to keep gas prices high. There's still no evidence of that.
I understand this is a symptom of your bizarre frustration with me because I consistently prove you wrong.
Grow up and get help. You're even worse than BAD91, which is saying a lot.
Al Gore said that we should artificially try and raise gas prices to 10 dollars a gallon. Al Gore is a democrat and apparently a pretty good one.
Quote:
Originally Posted by irisher
Really? When did he say this?
Not calling for an exact pricer per gallon, but he has called for higher gas prices in the form of higher taxes.
Quote:
"Higher taxes on fossil fuels ... is one of the logical first steps in changing our policies in a manner consistent with a more responsible approach to the environment," wrote Gore on page 173 of his book Earth in the Balance.
__________________ "America didn't become the greatest nation on earth by redistributing wealth; we became the greatest nation by creating new wealth."
nosoupforyou
