reply to post by The angel of light
The Peace of God to all that belong to the Light,
The great political tension that we have seen along the last weeks in between USA and Syria, due to the supposed use of Chemical weapons from that
last country to repress its civil population rebellion, plus the terrible riots in Egypt as consequence of the confrontation of the Islamic
brotherhood and the Militaries, has created a so heavy atmosphere that does not look very Ok and it is really so thick to be breathed easily by the
economy in America.
Of course the tensions on Syria has fell a lot in the last week, and seems that were in some kind of recess in the not declared civil war that Egypt
is experiencing, thanks to the intermediation of the UN and Russia, but any person living in America on these days is every day more conscious of how
high are the prices of gasoline, and that is not good at all. We are practically reaching the same levels on the increase of transportation costs
that we were experiencing in 2007, and that is alarming.
For me there is no doubt that the great recession was triggered by the inflation caused by the irresponsible speculation on the gasoline prices of
2007, plus the so high costs of the wars in Afghanistan and Iraq, and the incapacity or lack of will of the Bush Administration to cease those
conflicts on time and interfere in the internal oil market on time.
I am so impressed to see Obama administration practically not doing nothing to stop this escalation on the gasoline prices. Again, As I warned in
2007, if the Gasoline cost continue in levels we have now, or if it boost even above them, I see clearly that we are going directly to another
A mercantile economy, in other words, the one in which practically nothing is produced in the country but everything is traded from elsewhere, cannot
resist this type of uncontrolled increasing trend in costs of transportation, since that impact the entire economy. If the prices of the goods
increase without control the demand will be affected negatively and that can create easily the conditions for a new recession.
It is curious to see Obama committing two huge mistakes almost in parallel, trying to push America again to a war, and not controlling at all the
prices of gasoline, the two same dramatic errors that Bush did and that drove us to the worst economic crisis since the great depression.
It seems the it is true that old hypothesis that History tends to repeat. Sadly we are watching the repetition of a cycle that many thought that we
were never going again to experience anymore, the one that rides our economy toward another major recession.
If the internal demand of products and services starts to constraint, as a result of this new inflationary wave, having also Europe in a huge economic
crisis, Great part of Latin America also closed to our products and the far east economies definitively moving around its own offering, there are no
many possibilities for the American productive sectors to find other markets to assure the demand they need in order to survive.
Thanks for your attention,
The Angel of Lightness
edit on 9/19/2013 by The angel of light because: (no reason given)