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Old 05-21-2008
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Re: Oil hits $114/barrel - No end in sight.

Quote:
Originally Posted by Americano View Post
How else would the MIC have reached its current resource hogging status without implanting fear? Gotta have that fear. I treasure the way people calculate only the deficit spending as the cost of war in Iraq. That our foreign policy at the point of a gun is acknowledged to be a major factor in oil speculation costs and the decline of our currency seems to be lost in their fear.
Thank you for the jog there. Indeed most people never factor the inflation - inflation is the currency expansion which eventually results in higher prices - higher prices are the result of inflation of the currency. Too much currency after too few goods.

Other factors - over 4,000 American and hundreds of thousands of Iraqi lives, the infrastructure destroyed, the anti-American sentiment that is rising around the world.

People are only fooling themselves if they believe all this is going to make America safer...
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