Archive for October, 2009

Today’s post is a link to a lengthy but well worth the read interview with Charles Krauthammer on the current situations facing this country, as well as some insightful comments about president Obama:

http://www.spiegel.de/international/world/0,1518,656501,00.html

I know some would question the phrase Fox New likes to call itself as being “fair and balanced” but I sincerely apply that saying to this interview.  Great and concise perspective!  Stay with it; you will come away with something you didn’t know before.

Here is a link to an article that reveals once again how the man just one heart beat away from the Presidency continues to shoot from the lip!

http://www.foxnews.com/story/0,2933,569895,00.html

The reaction to him “spilling the beans”?

“He definitely told what our product plans are,” Fisker laughed…

His what I like to call ‘Bidenisms’ is not surprising.  In fact, sadly, we have come to expect these gaffes from ol’ Joe.  What troubles me most is his comment when being shown the prototype.

“We actually just showed it to the vice president of the United States of America and he said ‘it looks like a four-door Ferrari, I can’t believe it’s only going to be $40,000.’”

Wow!  Must be nice to consider $40,000 being not all that much!  Who says our elected representatives are out of touch?

The following article link explores the current increase in the price of oil in light of the fragile economic recovery:

http://www.heatingoil.com/blog/42571027/

The fact is, as the price of oil increases, it actually reflects the decreased value of the dollar and is more of the same when it comes to speculators driving the price up.  They are betting that the economy, both domestic and foreign, is on the way to recovery and, as such, the price of oil reflects that in the form of a future price per barrel increase.

The real danger is it is simply another house of cards built by people who are looking for a quick buck in the arena of fast, easy money.  And, just like the housing market bubble, the tech market bubble, the stock market bubble and last year’s $150 per barrel of oil bubble, this is likely to burst in the near future.

When it does, the good news will be the decreased cost of a gallon of gas at the pump.  Bad news?  It will signal a continued downward spiral of the purchasing power of the dollar.  So, even though you will be paying less for that gas, it will still take more dollars to purchase that fuel. And that will also be reflective in the cost of all things energy related, from food to clothing to shelter.

My advice?  Stop spending like there is no tomorrow, pay off all credit cards and cut them up, pay down all remaining debts and store some short term food.  Not fear, just common sense.