Prime's Worm Hole : The price of oil and other things

Monday, April 25, 2011

The price of oil and other things

This is one of my blogs where I won't be excerpting anything from outside sources. I am rather going to rely on the immediate memory of those who may be reading this and hopefully make a few points that will register with their recollections. What's going on with the price of oil? Which should in truth raise the question, what's going on with the price of other things also.

The bottom line, unless you have been living in a cave and playing bingo for the past several months oblivious to the outside world, you have been forced to become aware of the steady increase in the price of oil. An increase that has translated into rising cost of gasoline at the pump and the realization that we are now closing in on the $4 a gallon mark. $5 a gallon by summer is becoming more and more of a certainty based upon the forecasts.

So, what is going on? While many people believe that the price of oil is being driven by some shortage of oil, or a certain collusion amongst OPEC countries or those speculating commodity prices on Wall Street? The reality is much different. The reality is that the dollar has declined and continues to decline to record levels. The declining dollar is what is really driving the price of oil and the leadership of this country is who is behind that declining dollar.

Oil on the world markets is priced in dollars and the Fed's policy of 'quantitative easing' has led to increased oil prices and inflation. Quantitative easing simple stated, is the printing of more money by the Fed, with nothing to sustain it. Combine that with the uncontrolled spending of the US government and the treasury secretary's demand that the debt limit ceiling once again be raised? And we have the perfect economic storm upon us.

It's no longer a question of what if. It's now a question of what now and what next. One trip to the grocery store will tell you that inflation is upon us. Combined with other forces and influences that ebb and flow regardless of our present economic status, America is literally teetering on the edge of an economic collapse. And the best game plan that this administration has been able to come up with, is to spend phenomenal amounts of money on bailouts and pointless and unsustainable subsidized housing and auto manufacturing schemes.

And now the powers that be in congress and the white house tell us that we must increase our debt ceiling and we must absorb the continued printing of more money in order to keep the banks afloat.

The reality is simple. Oil is priced in US dollars. The US dollar is literally becoming worthless. The devaluing of the dollar is what is driving the price of oil on the international markets and the devalued dollar is what is driving inflation and will continue to drive inflation.

So the next time you go to pump or the grocery store and look in your wallet? You may think you have x number of dollars there, but what you really have are devalued dollars that no longer will buy what they did as recently as a year ago. And the trend continues to worsen.

The president has commissioned a group to look into the price of oil to determine if there is any gouging present or those taking advantage of the situation in order to raise prices. I suggest he direct his commission to the Fed and Timothy Geithner at Treasury. There is where the gouging and the taking advantage of Americans is truly occurring.

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Prime's Worm hole

This is a place for me to muse about the issues that affect our world. My world and my country and my life in particular. I can say what I want to here and those who may stumble across my musings, are welcome to comment,or not. America is under siege. Everything this nation has ever represented, is now being torn asunder and crushed by the onslaught of egalitarian socialism. All morals and social values have been devolved into the belief that systemic racism, is the only underlying cause or reason for any societal ills in America. And that representation, is nothing but a Trojan Horse argument. A means of getting the egalitarian camel's nose into the tent. And now that it has been inserted? There is mayhem and anarchy and burning and looting all across America. And the only questions that remains to be asked and answered? Are these. When is enough enough and when will the American people call full stop and take the law into their own hands, to repel this socialist based attack on the Constitution and our personal freedoms.

Thinking

It started out innocently enough. I began to think at parties now and then -- just to loosen up and be a part of the crowd.
Inevitably, though, one thought led to another and soon I was more than just a social thinker.

I began to think alone -- "to relax", I told myself -- but I knew it wasn't true.
Thinking became more and more important to me and finally I was thinking all the time.

I began to think on the job. I knew that thinking and employment don't mix, but I couldn't help myself.

I began to avoid friends at lunchtime so I could read Thoreau, Muir, Confucius and Kafka. I would return to the office dizzied and confused, asking, "What is it exactly we are doing here?"

One day the boss called me in. He said, "Listen, I like you and it hurts me to say this, but your thinking has become a real problem. If you don't stop thinking on the job, you'll have to find another job."

"Honey," I confessed, "I've been thinking..."

"I know you've been thinking," she said, "and I want a divorce!" "But Honey, surely it's not that serious." "It is serious," she said, lower lip aquiver.

"You think as much as college professors and college professors don't make that much money, so if you keep on thinking, we won't have any money!"
She exploded in tears of rage and frustration, but I was in no mood to deal with the emotional drama.

"I'm going to the library," I snarled
I headed for the library, in the mood for some John Locke. I roared into the parking lot with NPR on the radio and ran up to the big glass doors.

They didn't open. The library was closed.

To this day, I believe that a Higher Power was looking out for me that night.

Leaning on the unfeeling glass, whimpering for Emerson, a poster caught my eye, "Friend, is heavy thinking ruining your life?" it asked.

This is why I am what I am today: a recovering thinker.

I never miss a TA meeting. At each meeting we watch a non-educational video; last week it was "Porky's." Then we share experiences about how we avoided thinking since the last meeting.

I still have my job, and things are a lot better at home. Life just seemed easier, somehow, as soon as I stopped thinking. I think the road to recovery is nearly complete for me.

Today I took the final step...I joined the Democratic Party

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If you are able,
save them a place
inside of you
and save one backward glance
when you are leaving
for the places they can
no longer go.
Be not ashamed to say
you loved them,
though you may
or may not have always.
Take what they have left
and what they have taught you
with their dying
and keep it with your own.
And in that time
when men decide and feel safe
to call the war insane,
take one moment to embrace
those gentle heroes
you left behind.

Major Michael Davis O'Donnell
1 January 1970
Dak To, Vietnam

Captain Michael O'Donnell was lost in Cambodia on March 24 1970, while flying a UH1 rescue helicopter, trying to rescue an eight man LRRP team under attack in Cambodia. He was listed as MIA along with the eight he had attempted to rescue after his UH1 Huey was shot down by enemy fire. The official military report listed the eight as shot down 'non survivable' and 'non recoverable.'

Michael O'Donnell was submitted for the Congressional Medal of Honor for his actions that day. He was awarded the Distinguished flying cross, the Bronze Star, The Air Medal and The Purple Heart and he was promoted to the rank of Major (posthumously).

In 1978 he was officially listed as KIA by the Department of Defense.

A little about the philosophy of the author

The Borg Conspiracy is one man's purely pedestrian thoughts, independent musings and frequently cheeky commentaries...Mixed with an abundance of patriotism, love of God, and love of country.

My thoughts?

In my opinion........in another generation, all that will remain of our once great republic, may be little more than what is left to weather the passage of time in the form of a few obscure and forgotten monuments to the great American experiment.

If America should fail....let it be written as her epitaph.....died by her own hand. The greatest experiment in freedom ever undertaken, lost in the end to the pursuit of the illusion that egalitarian tolerance was more valuable than individual freedom.

Let us be warned.
Franklin, Payne, Jefferson. They all knew the consequences of the lack of vigilance and they tried to warn us. They gave us a document as our guide post. We were to guard it and revere it and use it to guide and govern our future and our posterity.

No one listened.