Posted on 01/01/2015 6:27:40 AM PST by HomerBohn
that is exactly where I am at. I planted my heels and let it ride and I’m better off today for it. The only thing I’ve done different in the past few years is convert my cash into physical silver. It hasn’t paid off, but it will... sooner or later.
The cheapest eggs are Eggland’s Best at 2.73 a dozen otherwise Eggs are at 4.09 a dozen. NUTS. Gas where I am is at 2.359 a gallon, but Escanaba is 2.199. there are more help wanted signs posted, but guess what the locals are not taking the jobs, people from outside the area take the jobs and than in three months bring their families from other parts of the country where the unemployment is worse. or even unemployment is better. Talk of opening an iron mine in the area, even though just shut one down in Marquette area.
>> Texas might get hit hard too
Yes it might. As in “for sure might”.
Those of us in oil states are in sort of a mini-Russian economy. To the extent that we rely on $100 oil to keep the good times rollin’, we’re definitely going to feel a pinch.
But when I look at the big picture of cheap, plentiful DOMESTIC oil production, I can’t deny that low oil prices are good for America. (and bad for some of the villians in our world)
Anyhow, oil being oil, it’ll go up again, eventually. Maybe when Israel nukes Iran. :-)
The subsidies are likely to be small at first, but the history of government programs is that they expand over time......if such a subsidy scheme can be enacted administratively, does anyone think this will be the last time such power is exercised?
New investors should be encouraged to consider ways to build wealth beyond simply lending money to the feds. And if politicians want taxpayers to support another retirement program, they should do so through law, not White House whim.
MyRA sounds like the Obamacare MO-----I hear Obama has Jonathan Gruber on speed dial.
THE GRUBER MODEL First, the helpful do-good govt establishes the high-sounding program. Then they'll make it mandatory and require all pension funds to be invested in it.
You end up w/ a retirement plan that will confiscate your lifelong savings to invest in nothing but the $17 trillion debt Obama's Marxist government has run up w/ its cockamamie Commie ideas.
Jonathan Gruber is setting-up the consultant jobs as we type.
Saudi Arabia and Obama plan is to completely destroy the USA oil producing industry. these villains plan to get oil to $20 per barrel. how many oil producing companies will go out of business if oil gets that low? many American oil producing companies are already going out business. to produce oil in the USA oil needs to stay above $50 per barrel for most companies (especially offshore and fracking). you think that is good to have the domestic U.S. oil producing industry be destroyed?
The store sells those, the stores will always be open, there will always be stores.......<. / sarcasm off>
When the Chicago criminal combine landed in Washington they did two things that were apparently intrinsic to their evil plans:
<><> They took over the US Census.
<><> Obama's COS was placed in an unusual dual role: (1) in the WH, and, (2) in the US Treasury.
THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move.
When he got to Treasury, WH COS Rahm Emanuel was so intimately involved in the inner workings of the Treasury, that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09
More here: http://online.wsj.com/article/SB124113406528875137.html
=========================================================
STROLL DOWN MEMORY LANE Rahm is nothing but a poor street urchin who w/ just 10 cents in his pocket, "accidentally" got into big-time Chicago politics ---miraculously Rahm then became a multi-millionaire overnight. The Chicago mayoralty (and its--cough--"benefits") is a job poor Emanuel has coveted since he was a penniless machine go-fer back in the 1980s.....before he became Bill Clinton's national campaign finance chairman and served a dual role as senior White House aide AND Goldman Sachs lobbyist.
After Rahm "accidentally" became a multi-millionaire, thanks to a measly few months at a Wall Street investment firm......he decided to run for Congressman (was there for four terms). Hard-scrabble Rahm's accidental stumble into politics culminated in Rahm picked as Obama's White House chief of staff .... and a dual role as Obama's hand-picked man at Treasury with an unarticulated "job description."
Later, Rahm held a presser declaring he "just remembered" he really, Really wanted to be Mayor of Chicago. Then Rahm announced he had "accidentally" raised $10 million for his campaign "in just a matter of weeks." Seems the poverty-stricken bugger had "accidentally wired" federal tax dollars offshore at the time he was in a dual role as Obama's COS AND in charge of the entire US Treasury.
Sob.
Have we had a jobless “recovery”? Yes we have. Has the stock market climb been completely an academic matter for most people? Yes it has. Are the American taxpayers once again on the hook for bailing out banks for bad behavior on derivatives, thanks to recent Congressional action despite voters lighting up the switchboard in opposition? You betcha! In short, yes, the “recovery” has been one giant bubble and low oil prices are the first really good news we’ve gotten. Personally, I think we can take heart in the fact that this is probably a foreign policy move (and not systemic) against countries we really should move against sooner rather than later, and those countries are most certainly NOT Germany and Japan!
Saudi Arabia and Obama plan is to completely destroy the USA oil producing industry. these villains plan to get oil to $20 per barrel. how many oil producing companies will go out of business if oil gets that low? many American oil producing companies are already going out business. to produce oil in the USA oil needs to stay above $50 per barrel for most companies (especially offshore and fracking). you think that is good to have the domestic U.S. oil producing industry be destroyed?
and it’s so expensive to drill in the USA because many oil companies have to pay royalties and taxes to governmentS. many oil companies have to pay high lease payments to government as in the Gulf of mexico to drill there
Eight years ago I was paying .79/Doz. In 1961 it was 4 dozen for a buck.
This, we know, is just one item, but is indicative of everything we buy. All due to the central socialist government continuing the Keynes theory long after it was to be perhaps usefully used.
Maynard Keynes was many things, but he wasn’t an idiot. He didn’t mean for the government intrusion into the economy was to last forever, like the socialist Progressives think it should.
Oh, wait. The Republicrats are in charge now. They’ll make everything all better.
PING!
The eggs?
Don't worry. zer0 and his minions in the Fed will print up lots of pretty new bills to pay of the debt as my 401k becomes a 201k.
Sometimes the author(s) believe that breaking up a long litany can be helpful and can achieve some comedic effect. At any rate, it’s their business and I, for one, base my critique after I’ve read the article.
>> Saudi Arabia and Obama plan is to completely destroy the USA oil producing industry.
I don’t believe in that particular conspiracy theory. For a couple reasons:
1) Obama and his minions are evil, but they couldn’t find their ass with both hands and a map;
2) Low oil prices are anathema to his greenie base.
I believe that it’s a natural outcome of our incredibly talented, innovative and hard-working oil entrepreneurs, and I believe that they will rise again.
The Saudis aren’t causing the problem, but it plays into their hands vis a vis radical Islam so they’re not doing any of their artificial production limitations to try to counteract it.
Just my 2c.
For one thing, I don’t believe for one second that Hillary and Hussein are popular. I believe with all my heart that that is a made up poll, or they only asked people in downtown San Francisco or something.
But I do believe that we are in trouble.
You are right on target. War is on the horizon.
Putin will get his revenge.
I know. It's amazing what hooking up a hookah filled with flaky, chopped dream leaves makes everything beautiful.
Not opening your maw about what you and others perceive to be the complete ruination of a once great nation is not very patriotic.
Electing a parasitic lying phony as president is suicide.
If I could predict economic moves, I’d be rich.
lemme see if i gots this straight...
oil goes down in price, so does gasoline, cost of transportation of goods to market, resulting in more downward pricing, meaning people now have some cash freed up to buy more stuff, putting more people to work, and, yet, somehow, this is going to bankrupt the country????
makes no sense at all...
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