It won't be depleted for 100s of year, however. --- On Mon, 4/25/11, Jerry Foote <[email protected]> wrote:
> From: Jerry Foote <[email protected]> > Subject: RE: [OT] Obama's America > To: "'ProFox Email List'" <[email protected]> > Date: Monday, April 25, 2011, 1:18 PM > The oil companies pumping oil in the > gulf are still getting the same amount > of oil they were getting last year but are selling that oil > for a hefty pop > over last year. No matter who is pumping the oil the oil is > still coming > from the ground and will eventually be depleted. It seems > the country should > be paid for it's resources over and above what it costs to > be produced > eg(last year's cost). > > -----Original Message----- > From: [email protected] > [mailto:[email protected]] > On Behalf > Of lelandj > Sent: Monday, April 25, 2011 11:35 AM > To: ProFox Email List > Subject: Re: [OT] Obama's America > > On 04/24/2011 11:55 PM, Nicholas Geti wrote: > > The dollar has declined 21% in the past two years. > > So, our national debt will be retired with these cheaper > dollars. > According to my calculation that a winner. > > > Oil prices are rising in direct proportion to the > falling dollar. The OPEC > > adjusts the price to maintain parity. > > I'm not able to connect the dots using your probable cause > for the > increase in the price of oil. Economic theory teaches > that the optimal > price for a good or service is where the demand line > crosses the supply > line. It is at that point where profits are > maximized. > > Perhaps the falling dollar has something to do with the the > price of a > barrel of oil, but the greater influence more likely is > increased demand > for oil, as the world economy, including the USA economy, > continues to > normalize. > > > > Nation's debt is 13 trillion dollars. Taking 100% of > the earnings from all > of the rich people would only cover about 15% of the > deficit. > > The deficit has been created over decades as the American > people have > asked its government to provide more and more. > > > We are at war in three Muslim countries. > > Our commitments in Iraq and Afganistan are coming to and > end and we are > only playing a support role in Lybia. > > > Nations around the world are laughing at us. China is > pushing to replace > the > > dollar as world exchange media. > > The USA has been struggling with this for a long > time. The lack of > oversight in the financial sector, leading to reckless, > greedy behaviour > in the financial sector didn't help. LOL > > > When the QE2 money printing game ends in two months, > we will see a huge > > stock market collapse. > > I trust the Federal Reserve will make the right decision > regarding > monetary policy, based on current conditions, when the time > comes. > They're in a much better position to see the big picture > than your > speculation that the end is near. LOL > Hummm. Where have I heard that > before. > > > > Five top bankers who precipitated the mortgage > collapse are czars in > Obama's > > administration. > > Who better to understand the problem than those who created > it. They > would have more expertise in solving the problem than a > clueless, ivory > tower, academic intellectual. > > > The biggest banks in the mortgage crash are making > huge profits and > getting > > bigger by using the QE2 funds to buy failing banks > rather than making > loans. > > This situation will work itself out. The banks are > simply trying to > maximize profits and minimize risk. After the beating > they took on > mortgages during the callape of the housing market, they > are still > afraid to make loan; because, they are afraid they will not > be repaid. > Banks took huge sums of free QE2 money and sold it back to > the Treasury > at 1 > > Banks took huge sums of free QE2 money and sold it > back to the Treasury at > 1 to 2 percent. > > By executive order (not even a Congressional vote) > Obama gives a massive > > payoff amounting to billions to unions (http://www.cnsnews.com/node/65009) > > House prices still falling. > > Unemployment is not falling. Jobs that are opening up > are not high paying > > jobs we enjoyed in the past. > > Taxes on corporations are so high they are leaving the > country along with > > good jobs. Corporations should not be taxed at all. > > The budget agreement with the Republicans is a farce. > It started at 100B, > > then 60B, then finally compromised at 35B which turns > out to be 95% > savings > > that were already in the works from programs that were > ending any way. > What > > a joke. 35B is only 1% of the amount actually needed > to repair the budget. > > Obama will have to borrow 1.trillion by October to pay > for all of this > > spending so far approved. > > These are just off the top of my head. With a little > searching, I can come > > up with lots more. > > Wooohh. Can you name one thing that president Obama > got right??????? LOL > > Regards, > > LelandJ > > > > > > > >> 1 at 3:00 PM, lelandj<[email protected]> > wrote: > >> > >>> Historians will be the judge of that, not > partisan, political > >>> propagandist. LOL Personally I > feel history will judge the Obama > >>> Presidency kindly; perhaps even reverently. > >>> > >>> Regards, > >>> > >>> LelandJ > >>> > >>> > >> > >> --- StripMime Report -- processed MIME parts --- > >> multipart/alternative > >> text/plain (text body -- kept) > >> tex[excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
