Shocking Headline
The beginning of reality-based reporting on the oil-dollar link? Or a mistake by a young headline writer who then got an angry lecture from above on how "things" work? This will bear watching.
posted by The Cunning Realist at Tuesday, May 06, 2008
4 Comments:
In the blink of an eye the falling dollar has become the prime reason for rising oil prices. Every story about Mondays record high price mentioned the dollar.
A concept goes from unexamined and unconceivable to obvious in the space of a couple of days.
Somethings up.
"then got an angry lecture from above on how "things" work?, is that like,
"Chris Matthews Admits: MSNBC Bosses Were "Basically Pro-War""
"reality-based reporting on the oil-dollar link" - So many people are saying it and writing about it, and still many don't get it.
"“Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism”"
- government cooking the books
- Pollyanna Creep
- getting OPEC to commit that they would sell and buy oil only in dollars and that they would invest their petrodollars in the US, in Treasury debt. So we have a currency that’s profited from the connection to oil, which sustained it in many ways.
- value of American dollars declines in a severe way, you’re going to have foreigners buying up a lot more of our industry
- We’d be at the beck and call of other countries.
How does it work exactly for something like our military industrial complex/private mercenaries, if the dollar shrinks and foreigners buy our land, our industries, our infrastructure.
Kevin Phillips says, "the first thing that would be good would be to have serious political candidates taking serious positions", but after seeing the reaction to Obama's speeches, and they were good speeches (from the heart and truthful), I just wonder if Americans are capable of honest intellectual debate. Maybe Jack Nicholson's character in, "A Few Good Men", was right, "You can’t handle the truth!". Maybe we can't. :-(
I was wondering, being in the financial industry, what your thoughts are regarding the growth of the financial industry (moving money around), while at the same time the neglect and decline of manufacturing (making things). How much blame, for the lack of a better word, rests on the financial industry for our current economic status, if any, in your opinion?
damn... next thing you know the goddam kids will be writing about the suppression of gold to keep the absolute confirmation of the dollar's death from John
Q public!!!
someone needs to call the editors of the papers and get them in line.....
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