Author Topic: Oil at $10 a barrel?  (Read 9527 times)

Offline kroz

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Re: Oil at $10 a barrel?
« Reply #15 on: April 22, 2015, 04:44:46 PM »
I think that you are under an illusion that any member or members of the two major parties in this country has the political will and wherewithal to achieve meaningful change in the financial future of this country. I don't care if they are conservatives or members of the tea party or what. Once Nixon took us off the gold standard the fate of this country's economy was sealed. No major economy has ever survived that action.

Once politicians and/or central banks are allowed to print fiat money the die is cast. We'll be okay till investors start to feel we can't pay our debts. Once that happens and it is just starting, inflation will rise its ugly head. Our national debt cannot survive with interest rate increases. We already borrow to pay the bills. Borrowing to pay the interests is financial death.

We are past the point where meaningful action by this country's leaders will have any significance.  Actions needed to correct the situation would be so drastic that they are politically unacceptable and would be blocked by the voters. There is no will to eliminate the Federal Reserve or return to the gold standard. Rising taxes, eliminating fat and fluff, dropping SS, Medicare and welfare dependents would not pass Congress. We'll ride this runaway train till it jumps the track. Protect yourself as best as you can.

If we do not have faith that there is someone out there that does have the political will for change, we are without hope.

Is that where you want to live?

Without hope there is no reason to become involved in the political process.  Just throw in the towel and crawl in a hole.

I understand your rationale about the debt and economy, but I cannot give up hope.  Yes, we should financially prepare for the worst.  But we should work toward the cure.  We will go down fighting the good fight!

Offline Possumpoint

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Re: Oil at $10 a barrel?
« Reply #16 on: April 22, 2015, 05:02:16 PM »
If my post above offends anyone I apologize. I have stepped away from the political process and focus on protecting as best I can what I have. I am convinced that we are past the point of no return. Sitting here watching the porcelain bowl slowly passing by with a sinking feeling. Some may gain hope when a piece of wood floats by and they can grab on. All politicians are pandering to both their bases and in hopes of gaining additional supporters. None at present address the problems I see and offer any meaningful solutions. Many of those solutions are the third rail of political reality.

Offline kroz

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Re: Oil at $10 a barrel?
« Reply #17 on: April 22, 2015, 05:19:57 PM »
If my post above offends anyone I apologize. I have stepped away from the political process and focus on protecting as best I can what I have. I am convinced that we are past the point of no return. Sitting here watching the porcelain bowl slowly passing by with a sinking feeling. Some may gain hope when a piece of wood floats by and they can grab on. All politicians are pandering to both their bases and in hopes of gaining additional supporters. None at present address the problems I see and offer any meaningful solutions. Many of those solutions are the third rail of political reality.

Everyone should be protecting their assets at this time in the faux economy.  We all know the Federal Reserve is pumping air into the big bubble.  Yes, it cannot endure.

I choose to believe that Ted Cruz is a man of his word and will tackled the big problems facing this nation.  He cannot win if he shows his hand during the campaign.  We must look at his record of action since being elected to the Senate.  From my Texas perspective he has fulfilled all of his campaign promises to Texans.  He has done everything he promised us he would do.  How many politicians have that record?  None but Cruz.  His promises to Americans WILL be fulfilled if he is elected to the WH.

Cruz is a man of integrity and honor.  He is a committed Christian and a man of his word.  That is what terrifies BOTH political parties.  He cannot be bought.  He refused to join the "club" when he went to Washington.  He is there to accomplish what he promised his constituents.

Can Cruz fix all our National problems?  Obviously, no.  But he is our best chance for a severe course correction.

What are our real alternatives?

Offline Solar

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Re: Oil at $10 a barrel?
« Reply #18 on: April 22, 2015, 08:54:41 PM »
I think that you are under an illusion that any member or members of the two major parties in this country has the political will and wherewithal to achieve meaningful change in the financial future of this country. I don't care if they are conservatives or members of the tea party or what. Once Nixon took us off the gold standard the fate of this country's economy was sealed. No major economy has ever survived that action.
Under no illusions. In 2010 TEA took nearly 1000 Legislative seats across the country, and in 2012, only regained 6. This is historic, even though you never heard in mentioned by the media.
Yes, Nixon screwed us, but Reagan is evidence a good Conservative can make change, even under a Dim controlled House.
Returning to the gold standard would be hard, but not impossible.

Quote
Once politicians and/or central banks are allowed to print fiat money the die is cast. We'll be okay till investors start to feel we can't pay our debts. Once that happens and it is just starting, inflation will rise its ugly head. Our national debt cannot survive with interest rate increases. We already borrow to pay the bills. Borrowing to pay the interests is financial death.
True, which is why change must take place regardless of the pain in the short term.

Quote
We are past the point where meaningful action by this country's leaders will have any significance.  Actions needed to correct the situation would be so drastic that they are politically unacceptable and would be blocked by the voters. There is no will to eliminate the Federal Reserve or return to the gold standard. Rising taxes, eliminating fat and fluff, dropping SS, Medicare and welfare dependents would not pass Congress. We'll ride this runaway train till it jumps the track. Protect yourself as best as you can.
That's not what I see. I see a possibly different future.
Like I said, 2016 the economy will rebound, the world is waiting for us to get our shit together.
Think about it, right now, this very moment is the perfect opportunity to kill the dollar and have the world follow another currency, problem is, there is no other currency out there the world is willing to trade in, they are comfortable with us running the world economy.

They also know the Marxists are about to get the boot. The Dim party is dead, we're just waiting for the clock to run out.
We're in a cycle where party's trade power on a regular basis, but the Dims pushed their agenda ahead by 30 years. This woke the nation up and created TEA, in the process exposed the GOP as enablers of the left for their own personal gains.
The country will react with more resolve in taking the nation back, leaving the Dim party out of power for an entire generation.
The nation is fed up, literally to the point of breaking and 2016 will be the deciding factor.

Once Cruz is elected, the economy will recover, the world will follow, and because of his policies, people will feel safe enough to let him do whats necessary.

Yeah, I know, you ask how could I possibly know the future? Human nature, fight or flight.
I'm a serious observer of human nature. It is literally the next step in a series of events.
I was spot on calling 2010 and 2012 midterms, and it was all based on the last 40 years of events unfolding, as will 2016 fall right into place, voiding war or a catastrophe on a global scale.

Just be patient, you'll see.
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Offline Possumpoint

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Re: Oil at $10 a barrel?
« Reply #19 on: April 23, 2015, 04:59:20 AM »
Solar and Kroz I hope you're right and I'm wrong. IMO a change in leadership at top has little effect other then a change of color and tone. The problem lies in the Congress and over spending. Even St. Regan advocated deficit spending. The rate of that deficit accelerated under GWB and exploded with Obama, all with Republican control of the House.

An improved economy will not noticeably affect the deficit spending by the government. Yes, there will be an increase in tax revenue but past history indicates the it could be redirected towards pet projects rather than debt reduction and will will not noticeably reduce the accumulating debt. There has been no effort to coral the Federal reserve on printing more money. Congress continues to approve more debt. I don't even see a hint of forcing the government into a balanced budget.

The train is racing down hill, the engineer is back in the club car drinking with everyone else and the bridge is out. Very few are willing to tell the passengers the reality. Even if told, many of them would be too busy with their sports and everyday life to care, thinking the government will take care of it sometime. Just listen to the politicians promises of good times to come if they're elected.

Offline Solar

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Re: Oil at $10 a barrel?
« Reply #20 on: April 23, 2015, 05:27:34 AM »
Solar and Kroz I hope you're right and I'm wrong. IMO a change in leadership at top has little effect other then a change of color and tone. The problem lies in the Congress and over spending. Even St. Regan advocated deficit spending. The rate of that deficit accelerated under GWB and exploded with Obama, all with Republican control of the House.

An improved economy will not noticeably affect the deficit spending by the government. Yes, there will be an increase in tax revenue but past history indicates the it could be redirected towards pet projects rather than debt reduction and will will not noticeably reduce the accumulating debt. There has been no effort to coral the Federal reserve on printing more money. Congress continues to approve more debt. I don't even see a hint of forcing the government into a balanced budget.

The train is racing down hill, the engineer is back in the club car drinking with everyone else and the bridge is out. Very few are willing to tell the passengers the reality. Even if told, many of them would be too busy with their sports and everyday life to care, thinking the government will take care of it sometime. Just listen to the politicians promises of good times to come if they're elected.
You'd be correct if not for TEA, but consider the changes Reagan made, even with rino fighting him every step of the way, all because he had the faith of the nation backing him.
A Cruz Presidency would be much in the same, with less rino to fight him, in fact, they'd be nearly neutered by that time, and the Dim party will not have a voice.

The sleeping giant is awake and pissed off!
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Offline Possumpoint

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Re: Oil at $10 a barrel?
« Reply #21 on: April 25, 2015, 08:32:49 AM »
Snip

The sleeping giant is awake and pissed off!
Awake, it's more like a hibernating bear having an itch on its back.

Offline Solar

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Re: Oil at $10 a barrel?
« Reply #22 on: April 25, 2015, 09:02:09 AM »
Awake, it's more like a hibernating bear having an itch on its back.
And he awoke extremely hungry and angry.
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Offline Protestant

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Re: Oil at $10 a barrel?
« Reply #23 on: April 30, 2015, 11:34:04 PM »
Oil at ten dollars?    In a deep depression.   Nobody gets it out of the ground for ten dollars.

I felt guilty in the silver topic discussing such things as the economy, but feel at home here in the oil topic. We cannot discuss the price of silver and oil without knowing what our illustrious political leaders are going to do. Even Obama can surprise us, he condemned the  looters in Boston.

We all would want a return to a solid economy and a nation with integrity. But, I have to make a point that we cannot overlook. Clinton was re-elected after the nation discovered who he really was. What does that say about American society? But, it is far worse. Clinton was immoral, but what about Obama? He makes Willie look like a saint. (not Hillary though, she is far from a saint).  When American found out who Obama was, they did not kick him out of office, but re-elected him. Now with Mexicans being given free passage and all the benefits that we cannot afford even without them flooding our schools and hospitals, the voting public has not changed for the better. After re-electing Obama, society reveals just how far removed it is from American principles. Homosexuality, abortion on demand paid for by the government, importing Muslims from the Middle East, but not Christians who are being raped, tortured, and murdered. I don't need to go over what has happened in the last six years, we all understand that America has been changed by a man who is far from being an American. Like his father before him, he hates what America was.

And, did not the Republicans help put our new unAmerican AG into office? Who is going to resign there membership in the Chamber of Commerce? Who even talks  about it?  I am hopeful, but not in what America has become. Cruze appears to be honest. That is a rare character seen in not only politics, but American society.

Offline walkstall

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Re: Oil at $10 a barrel?
« Reply #24 on: May 01, 2015, 04:03:56 AM »
Oil at ten dollars?    In a deep depression.   Nobody gets it out of the ground for ten dollars.

I felt guilty in the silver topic discussing such things as the economy, but feel at home here in the oil topic. We cannot discuss the price of silver and oil without knowing what our illustrious political leaders are going to do. Even Obama can surprise us, he condemned the  looters in Boston.

We all would want a return to a solid economy and a nation with integrity. But, I have to make a point that we cannot overlook. Clinton was re-elected after the nation discovered who he really was. What does that say about American society? But, it is far worse. Clinton was immoral, but what about Obama? He makes Willie look like a saint. (not Hillary though, she is far from a saint).  When American found out who Obama was, they did not kick him out of office, but re-elected him. Now with Mexicans being given free passage and all the benefits that we cannot afford even without them flooding our schools and hospitals, the voting public has not changed for the better. After re-electing Obama, society reveals just how far removed it is from American principles. Homosexuality, abortion on demand paid for by the government, importing Muslims from the Middle East, but not Christians who are being raped, tortured, and murdered. I don't need to go over what has happened in the last six years, we all understand that America has been changed by a man who is far from being an American. Like his father before him, he hates what America was.

And, did not the Republicans help put our new unAmerican AG into office? Who is going to resign there membership in the Chamber of Commerce? Who even talks  about it?  I am hopeful, but not in what America has become. Cruze appears to be honest. That is a rare character seen in not only politics, but American society.

Hmm...  You must live in the city.
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline Solar

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Re: Oil at $10 a barrel?
« Reply #25 on: May 01, 2015, 06:16:43 AM »
Hmm...  You must live in the city.
Good call. If I lived in the city, I wouldn't be alive today, I'd have offed myself long ago. :biggrin:
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Offline Protestant

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Re: Oil at $10 a barrel?
« Reply #26 on: May 01, 2015, 07:32:32 AM »
California. Maybe that's the problem?

Offline Solar

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Re: Oil at $10 a barrel?
« Reply #27 on: May 01, 2015, 08:11:52 AM »
California. Maybe that's the problem?
Same here, born and raised in Sacto., what used to be referred to as a cow town, though libs meant it as an insult, we saw it as an accomplishment.
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Offline hobbsforever

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Re: Oil at $10 a barrel?
« Reply #28 on: May 01, 2015, 10:53:41 AM »
The beginning of the end.  Renewable energy is the future.  Let's see what they do without their oil money.

Offline Solar

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Re: Oil at $10 a barrel?
« Reply #29 on: May 01, 2015, 11:28:30 AM »
The beginning of the end.  Renewable energy is the future.  Let's see what they do without their oil money.
Sorry, but unless you're talking about nuclear, renewable will never supply more than 30% of our needs.
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