Thursday, March 03, 2011

An Incompetent US government.

On a global scale, chaos is the result of commodity shortages and the cost of these commodities.

(1) The US government has increased the demand for commodities by giving most US middle class wealth to emerging nations such as China.

(2) The US government has increased the cost of commodities by irresponsible fiscal and monetary policy resulting in debt and money supply expansion.

(3) The Federal Reserve has increased the cost of commodities by giving free money to Wall Street for commodity speculation.

Washington is solving our energy problem by giving our energy reserves to foreign investors / nations. Here are a few examples:

(1) BHP Billiton makes $4.75 billion push into U.S. shale gas.

(2) Connoco Buys Chesapeake US Shale Oil, Gas Assets For $570 Million.

(3) India Plans to Sign U.S. Shale Gas Accord During Obama Visit.

The Middle East has erupted in chaos because the US government screwed up the balance of power between Shia and Sunni Muslims by invading Iraq.

All of this craziness that we are seeing in 2011 is not just a big coincidence. It is the result of an incompetent US government.

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