Thursday, January 26, 2012

Obama Wants $5 a Gallon Gas.

IMF: halt in Iran oil could push crude up 30 pct

Yes, the forecasters and analysts at the IMF, not exactly the home of peaceniks, is predicting as much as a 30% rise in the price of crude oil due to the sanctions on Iran and the threat of war that such an act implies. Don't forget that it was the same sort of sanctions on Japan in 1941 that put Japan's leaders into the frame of mind that war with America was inevitable. This of course was followed by the attacks on Pearl Harbor, the Phillipines and other American colonial possessions in the Pacific.

The International Monetary Fund warned on Wednesday that global crude prices could rise as much as 30 percent if Iran halts oil exports as a result of U.S. and European Union sanctions.

If Iran halts exports to countries without offsets from other sources it would likely trigger an "initial" oil price jump of 20 to 30 percent, or about $20 to $30 a barrel, the IMF said in its first public comment on a possible Iranian oil supply disruption.

Now, anyone who's watched an oil company in operation knows what is going to happen to gasoline prices. If crude oil jumps by 30%, you can expect gasoline prices to increase by at least that much and if not more. Then, they'll stay high after crude oil returns to normal, and even then won't ever drop back down to the pre-jump levels. Once the oil companies get people used to paying $3 a gallon, the price doesn't ever fall below that again.

So, expect at least a 30% rise in gasoline prices, which where I live will push 'regular' up to around $4 and the more premium levels up even higher. And, that's if the oil companies only raise the price by the same percentage as the price of crude oil on the spot market changes. Of course, the great humanitarians at the world's oil companies wouldn't dream of using the crisis as an excuse to raise prices even higher, would they?

This is the direct result of Obama's policies towards Iran. Obama's government has been playing up the fictional Iranian nuclear program and pushing these sanctions upon the rest of the world. This despite the predictable outcomes of such a confrontation and embargo jacking the price of oil higher.

Get ready for the economy to get even rougher. The price of gas is going to rise. Which means that not only will it cost more for you to get around, but everything you buy will have increased prices and more 'gasoline fees' that won't ever go away once put into place. Meanwhile, Obama's Wall Street banker-buddies are crashing the European economy in order to inact harse 'austerity measures' there.

This double whammy of a second banking crisis and skyrocketing energy costs is going to put an end to Obama's fictional, jobless, moneyless recovery and send things tumbling back into a downward spiral.

And, when this happens, remember that its entirely because Obama and his Democratic party loyalists put you and the economy at a lower priority than helping their banking buddies strangle Europe and than starting yet another war, this time with Iran.

Your life sucks and the economy is hard because Obama, the Democrats and most of the other politicians in Washington simply don't give a damn. Obama is capable of yakking away about economic recovery before Congress while at the same time taking actions that will crash the economy. If you learn the lesson that actions speak louder than words, then you'll better understand what's going on

Wednesday, January 25, 2012

Where does the money go?

When you are thinking of the trillions of dollars the US government collects in taxes, and then when you are wondering why you can't find a job and you keep driving by storefronts with "For Lease" signs out front, just remember where the money went.

US to Grant Extension of $3.8 Billion in Loan Guarantees to Israel

The Obama administration told Israeli officials this week that the U.S. plans to extend for three years $3.8 billion in loan guarantees to Israel.

and ...

The loan guarantees are in addition to the unmatched support Washington gives to Israel – over $13 billion in direct aid since 2007 and more than $3 billion more scheduled for fiscal year 2012, not to mention privileged deals in military training and equipment.


“We consider the loan guarantees as preparation for a rainy day,” a senior Israeli Foreign Ministryofficial said. “This is a safety net for war, natural disaster and economic crisis, which allows Israel to maintain economic stability in unstable surroundings.”

Gee, wouldn't it be nice to have a safety net for a rainy day? Wouldn't it be nice to have the US government spending billions to maintain your economic stability in unstable surroundings? Maybe a Federal loan guarantee for your mortgage would be a nice thing? If you think so, then vote for someone who will put America and the interests of Americans first in the next elections. Supporting Ron Paul in the Republican primaries coming to your state soon is an opportunity to do just that.

Monday, January 23, 2012

TSA Critic Detained at Airport

Rand Paul’s Pat-Down Standoff With TSA in Nashville Ends

Sen. Paul, who's been a critic of TSA proceedures and pat down searches, was detained at the Nashville airport by TSA officials.

The Twitter account associated with Paul staffer Moira Bagley, @moirabagley, tweeted around 10 a.m., ET, “Just got a call from @senrandpaul. He’s currently being detained by TSA in Nashville.”

Paul’s office confirmed he set off an airport security full-body scanner “on a glitch,” according to a spokesman.
The Paul staffer said TSA agents would not let Paul walk back through the body scanner and were demanding a full body pat-down.

Obviously, the Senator is as a dangerous terrorist who must be closely searched before being allowed to be on an airplane. If you think I'm joking, remember that Homeland Security helped Missouri put out an advisory to their police that anyone with a bumper sticker supporting his father, Rep. Ron Paul, for President was obviously a terrorist suspect.

If nothing else, this just goes to show that the TSA officials at airports have too much power that is unsupervised and impossible to appeal. Millions of Americans are constantly put in the position of having no choice but to abide by whatever arbitrary decisions that are made by TSA officials.

My problem is that I'm old enough to have been taught about America back when there was a Soviet Union. As a child, we were told that one of the reasons the Soviet Union was dangerous and awful compared to free America was that people in the Soviet Union weren't free to travel without having to constantly stop and show their papers and prove their right to travel to government officials at checkpoints.

This even made it into the pre-9/11 movie classic "Hunt for Red October"

Capt. Vasili Borodin: I will live in Montana. And I will marry a round American woman and raise rabbits, and she will cook them for me. And I will have a pickup truck... maybe even a "recreational vehicle." And drive from state to state. Do they let you do that?
Captain Ramius: I suppose.
Capt. Vasili Borodin: No papers?
Captain Ramius: No papers, state to state.
Capt. Vasili Borodin: Well then, in winter I will live in... Arizona. Actually, I think I will need two wives.
Captain Ramius: Oh, at least.

Capt Borodin would be very disappointed in today's America, but he'd surely recognize the arbitrary officials at checkpoints demanding your papers and obedience.