It has been theorized that when gas gets to $11 a gallon, our entire world economy will grind to a halt because it will no longer be economically feasible to bring goods to market. The entire mechanism will simply cease to operate.
I think the true number is closer to $7 to $9 a gallon, but hey, I'm an optimist.
Those of us who are within walking distance of a ghetto will feel the sharp pangs of "social justice" first, but ultimately we will all suffer from the massive crime wave/killing spree that is sure to follow.
1) Get away from population centers
2) Carefully examine the demographics of where you’re getting away to.
3) Of course, arm up and bloat.
We are headed toward a major contraction in econmic activity where the staple of our economy, oil, is priced above what the market can withstand.
And all so Bernanke/Krugman, Keynesians both of them, can try out their pet economic theories ......
schu