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F. George McDuffee F. George McDuffee is offline
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Default $4 dollar gas and its effects on metalworking

On Sat, 12 Apr 2008 16:11:40 -0500, nick hull
wrote:

In article ,
"Jon Danniken" wrote:

"cavelamb himself" wrote:
I made up this "international icon" graphic to 'splain the situation.
I thought it would make a great bumper sticker...

http://www.home.earthlink.net/~cavelamb/proof.htm


NIce try, but that is an old image. Actually saw it on a local car earlier
in the week. Same color scheme, too.

\
The problem isn't expensive gas but expensive everything - inflation at
work. You need an Icon showing the Fed screwing everyone, they are the
one who create inflation.

Free men own guns - www(dot)geocities(dot)com/CapitolHill/5357/

=========

The Administration and Congress have much the greater
responsibility because of the huge increase in the national debt.
The Fed did indeed inject huge amounts of liquidity into the
stock/bond/commodities markets to prevent a disaster [which may
have just delayed it, the ball is still in play...], but in
theory at least, these are "loans" to be paid back, and the money
removed from circulation.

Both the Clinton and Bush administration and the Congress also
have the responsibility for removing time [depression] tested
limitations on the financial markets such as Glass-Steagall, and
for introducing "Industry Friendly" regulations to oversee the
introduction of novel products such derivatives, CDSs, and
"synthetic structured collateralized debt obligations," the
counter-parties and trustees of which all seem to be located in
Aruba, beyond the reach of US regulation or subpena.

Think of "the Fed" as the fire department when your house catches
fire. They come in, spray water everywhere, and perhaps chop
holes in the roof and knock windows out. They do however get the
fire out, although they make a mess in doing so.

In this context, the old adage can be updated to "an ounce of
prevention is worth a ton of cure." Desperate situations demand
desperate remedies, and if you don't like the remedies, avoid the
situation.

The home owner has at least some responsibility here such as
having a working smoke alarm, practicing safe storage of
hazardous materials, keeping their electrical appliances in good
repair, noting hot spots on the wall or hot electrical outlets,
looking for the UL label on electrical items, etc.

Now a question to you -- how many of the incumbents in congress
(that are running for another term) will be re-elected, and why?


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).