A critical creative look at issues of Economics, Politics and Finding a Purpose in Life - Let's talk about it. I try to leave the woodpile higher than I found it.
Wednesday, May 07, 2008
When you see Oil Rigs in People's Backyard, the price bubble is about to burst
Long ago I said that everyone will have an oil rig in their back yard. This nice home with a Hummer in the front yard and an Oil rig in the back is a sign.
Dream on. The dollar has been in a free fall for the past couple of years. You are not witnessing a bubble, you are witnessing a debasing currency. Gold is up, silver is up, oil is up, corn, soybeans, milk, ... *everything* is up. And it isn't this "cost of transportation" song and dance you'll hear on TV. Your government is "fixing" the housing bubble's collapse by printing money like mad.
Dream on. The dollar has been in a free fall for the past couple of years. You are not witnessing a bubble, you are witnessing a debasing currency. Gold is up, silver is up, oil is up, corn, soybeans, milk, ... *everything* is up. And it isn't this "cost of transportation" song and dance you'll hear on TV. Your government is "fixing" the housing bubble's collapse by printing money like mad.
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