MarkfromHouston -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/10/2011 9:12:41 PM)
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Oh, just one more thought...since we were taken off the gold standard here in the USA back in the 70's what do you think our currency is currently backed by? Dirty secret, it is backed by oil. That is correct, the US Dollar is the only currency currently accepted in the world markets to buy and sell oil as a commodity. If we do not start drilling soon other nations will change that for us, without our approval. If the Chinese Yuan is the curreny that is accepted world wide to buy and sell oil and gas, how much do you think our dollars will be worth? We owe so much money now that we cannot possibly pay off the national debt and our government officials are bickering over infinitessimal cuts. Imagine that you have a monthly budget of $3,830.00 USD and you are currently having to borrow $1,750.00 USD each month from friends and neighbors. If you go to your household and tell the members of the house that the economy is tough and you have to make some drastic cuts and you have to get spending under control and you have decided to stop buying pay per view movies on cable so that you can balance the budget by saving $38.30 a month, how long do you think your friends and neighbors will continue to loan you money? That is what our brilliant leaders have done, our budget for the fiscal year 2011 which runs from October 2010 to September 2011 is $3,830,000,000,000.00 and they cut $38,300,000,000.00 that leaves us borrowing still at an anual rate of $1,750,000,000,000.00 per year and the interest is over $4,000,000,000.00 per DAY! We cannot do this any longer. Give up the idea of government health care, welfare, food stamps, medicare and medicaid and social security and anything else that is not directly related to national defense, (we are going to definitely need national defense when the world realizes we are broke and comes to collect the debt) and start selling off all federal real estate that is not a necessary office building. No more yellowstone park unless the siera club wants to buy it. No more endless tracts of millions of acres in every state in the western USA, sell it off and pay the debt.
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