The problems with the USA began a while ago,
- This is affecting EVERYONE, not just the USA. Its a direct cause for interest rate rises here in Aust.
So the decline in the American economy, ultimately means oil is more.
Irans leader is right, OIL needs to be in EURO's
The way I look at it, is back in the day a barrel cost $60 American dollars.
Now, the American dollar is worth bunk, lost so much value that barrel of oil now takes MORE American dollars to buy it. because 60, well it isn’t
much any more, but $144, yeah that’s about even.
SUB PRIME Issue:
Some predict this war, the cost, reconstruction, army medical, etc etc will end up costing $3,000,000,000,000.00
That’s a lot of money to just take out from a countries savings... even if you are the USA.. that sort of money makes a difference.
extract from below:
The spending on Iraq was a hidden cause of the current credit crunch because the US central bank responded to the massive financial drain of the
war by flooding the American economy with cheap credit.
The US government urged the banks to approve more loans, to pump the US economy...
Professor Stiglitz told the Chatham House think tank in London that the Bush White House was currently estimating the cost of the war at about
$US500 billion, but that figure massively understated things such as the medical and welfare costs of US military servicemen.
The war was now the second-most expensive in US history after World War II and the second-longest after Vietnam, he said.
The spending on Iraq was a hidden cause of the current credit crunch because the US central bank responded to the massive financial drain of the war
by flooding the American economy with cheap credit.
"The regulators were looking the other way and money was being lent to anybody this side of a life-support system," he said.
That led to a housing bubble and a consumption boom, and the fallout was plunging the US economy into recession and saddling the next US president
with the biggest budget deficit in history, he said.
As for credit/cash?
If Im hungry, and i have no fuel, and pay days a week away.. throw it on the credit card.. pay it back another day.
.. problem is you get paid, and keep that mentality.. bah ill pay it another pay cheque.
before you know it, you’ve got a $6000.00 credit bill, and the card no longer works.
Basically, instead of spending trillions on destroying and rebuilding another country, why not spend some of that investigating, replacing or fixing
bridges, levee's, roads, tunnels.. civilian aspects of society?
Heres my take..
Bush and Cheney ensured moles were in the CIA, Pentagon, NSA
They corrupted intelligence so it stayed quiet when it didn’t agree, and so it investigated what the government wanted.
Bush and Cheney never intended to take on Iran, they also never thought that Iraq would last this long.
I honestly believe they believed their own '' liberator's '' hype.
6 months, the Iraqi's would love them, and let them setup..
They have completely lost all control of the situation, and basically are preying nothing big happens before they leave office...
America's on Autopilot at the moment.
Your banks are crashing, The world doesn’t trust you, You’ve bogged down 150,000 odd army types with all the equipment in a region where everyone
wants to kill you.
You cant leave because it will totally destroy world confidence in you.
The world will believe you cant win wars any more, but that will be the wrong mentality to have.
Problems with the united states are unsolvable, they began 8 yrs ago and have moulded into today’s world crisis.
Wonders never cease
'' what is the cause of the problems in the USA ''
'' obama... never mind he hasnt actually been president.. but we'll put him upfirst ''
What a load of rubbish, thought you vanished jet after the whole fake birth certificate think turned out to be rubbish.
But who am I to judge, your suggesting someone who hasn’t stepped into office, I tend to blame someone that’s been running the show for,