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clare at snyder dot ontario dot canada clare at snyder dot ontario dot canada is offline
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Default $4 dollar gas and its effects on metalworking

On Sun, 13 Apr 2008 16:12:20 GMT, Eregon wrote:

Too_Many_Tools wrote in news:1527e5cd-f350-40f7-
:

Expensive fuel causes everything to become more expensive.


You can thank the various governments (state & federal) for keeping it as
low as it has been for the past half-century. After all, they COULD have
imposed the high taxes that are common in Europe.

I suspect we are at the beginning of a extended period of
hyperinflation.

A repeat of the late 70's?


Closer to the early '80s when the question "How do the folks in Detroit get
15 adults into a VW Beetle?" was answered by "Easy - tell them it's headed
to Texas!"


Wages definitely are not rising.


Wages in many fields/areas were already hyperinflated.

This is/was the cause of much of the "Outsourcing" and the "Offshore
Relocation" mania of the last 2 decades that saw Union jobs replaced by
non-Union jobs.

When burger-flippers expect $10+ /hr. to ask "Do you want fries with
that?" you should already know that the economy is in a World of Hurt.

When Illegal Immigrants earn enough money to buy mid-range homes you should
already know that the economy is in a World of Hurt.

When Welfare pays better than working you should already know that the
economy is in a World of Hurt.

When the Democrat Party was bought by the Peoples' Republic of China over a
decade ago you should expected that the economy would be in a World of Hurt
as the US Standard of Living was brought down to PRC levels.


And when CEOs make billions for loosing 10s of billions of dollars you
KNOW the economy is in a HUGE world of hope.
When CEOs start to settle for a reasonable level of pay companies can
afford to manufacture things here again, and workers can work for an
"honest" wage, and not see the extreme difference between what they
earn PRODUCING and what CEOs earn screwing things up.
** Posted from http://www.teranews.com **