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Damn recession killing everything!! including saltwater tanks!

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duke62

duke62

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Manhattan Reefs
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first of all we are in a transition phase of our lives.the price of gas is going up so next time you buy a car instead of buying a 10 cylinder gas guzzler you will buy a more fuel efficient vehicle.we as a nation are trying to rid ourselves of fossil fuel that damage our air.secondly it is a shame that our government is using ethanol that comes from corn to be used as a source of energy when there are people dying of starvation all over the world and here in america.thirdly what happened to the all electic car that went 75 mph and needed a 5 hr charge to let it go i believe 1000 miles.we should be wondering what the gas company paid that man to ditch that project
 
Reefsaint

Reefsaint

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Bronx NY
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I hear you all just accept it and it will all go away??
Remember you can make a difference. The gas companies are depending on you just accepting it because they are not regulated.They dont even have to explain it.
Why then are public utilities regulated and gas companies not?First gas then everything else even free TV! (its all relative!)
I guess America does not make the trends anymore we just accept what is dictated to us and run away with our tails between our legs!
 

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ShaunW

ShaunW

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Its all part of the serial Financial bubbles that have occurred for the last 15 years. Blame Alan Greenspan, he is the real source of inflation and the bubbles.

A beautiful explanation of inflation by Mr. William A.M. Buckler, from the Privateer. http://www.the-privateer.com
It has already become clear to many, and is quickly becoming clear to many more, that the so called "inflation measurements" put out by governments all over the world are completely ridiculous. The point that few have yet taken onboard is that they have always been ridiculous. The reason for that is simple. They try to "measure" inflation by reference to nothing but prices. The fact that the prices chosen as the units of "measurement" have been increasingly selective is beside the point in one respect. Inflation is an increase in the quantity of money - from whatever source derived. Rising prices are but one of a universe of economic and financial distortions that the practice of increasing the quantity of money brings about.


But there is another aspect in which the selectivity of the prices which will be measured to determine the level of inflation is not beside the point at all. In an economy and financial system which is, on the surface, functioning well, the majority of the new money created by goverments and their central banks with the commercial banking system as the conduit tends to flow primarily into financial assets. This is very advantageous to the powers that be, whether they reside in the legislature or in the hallowed halls of banking (central or commercial) or in the boardrooms of the big corporations.


This is because both sides of the transaction - the "money" and the financial "assets" it is chasing - can and are created out of thin air. The government creates "money" by issuing debt paper. The banks do it by the practices made possible by the fractional reserve system. And big business has long since stopped going to the banks for operating capital. Nowadays, they either create new quantities of stock or print up and sell their own debt paper. And as long as the "money" is confined within this wonderful printed carousel, all is right with the world.


Stocks, bonds, mortgage deeds and debt paper of all types and complexities have prices too, but these prices have never figured in the "inflation" calculations of any government or central bank. The amazing odyssey of the Dow climbing from 776 to 11723 points between 1982 and early 2000 was never equated with inflation. Nor was the immense increase in government debt and the fantastic piling up of other forms of debts and derivatives of debts of all descriptions which took place over the same period.


This is a primary reason why, after the travails of the "inflationary" 1970s, the global financial system based on fiat paper backed by nothing and therefore able to be created at whim by the noxious partnership of government and banking, lasted as long as it has. The vast oceans of new "money" created were channelled into financial assets. And since the US Dollar was the financial asset which "underpinned" all the rest, it was universally acceptable. Thus, the US spent the quarter century betweeen 1982 and last year progressively switching its economic output from goods to Dollars. They could do this because the rest of the world was eager to exchange their goods for these Dollars.


But now, we are facing a radically different situation. The US central bank, the Fed, is doing more than ever in its history to try to keep the monetary inflation going. But it is not succeeding to the extent necessary to keep the credit expansion going because its conduit, the commercial and especially the investment banking system, has broken down. The appetite for financial assets is no longer there - to the extent in recent days where the only place they can be "disposed of" is the central banks themselves.

The stock markets are still holding up, to an extent, but for how much longer?

All of a sudden, as far as most people are concerned, "inflation" has reared its ugly head and is now galloping ahead at speeds not even seen during the worst of the 1970s. On the contrary, "inflation" never went away. Indeed, the period since the 1970s has seen a level of inflation which dwarfs anything which took place during the 1970s. But the "money" produced by this inflation is no longer being "laundered" by the financial asset markets. To an accelerating extent, it is bypassing them and going straight into the markets for REAL GOODS. Inflation is a purely MONETARY phenomenon. To identify its source it is only necessary to identify the source of the "money". Having done that, the solution is simple. Block the source.
?2008 - The Privateer? Market Letter
All Rights Reserved
Click to expand...
 
lfsmarineguy

lfsmarineguy

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Huntington
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The problem with ethanol is not in the use of corn while people all over the world are starving. The actual problem with ethanol is that it's overhyped and nobody ever talks much about it's production. Ethanol uses gasoline in it's processing (go figure) and is only 75% as efficient as the fuel it's being used to replace. So we need gas to even make it and it's only 3/4 the efficiency of our current source of energy. Plus it's not readily available (atleast yet) in most places. Where does it make any sense? It's more polluting than our current scenario between it's processing and having to burn more of it to get the same distance per tank. Another problem with the ethanol craze headed by Al Gore is the government's subsidies have changed. Farmers are turning to corn over their current crops due to the fact that corn is now subsidized. This is the first time in U.S. history we have ever had to import wheat. This drives up the cost of wheat making it's derivitive products more expensive. So, ethanol is a joke headed by it's largest investor, Al Gore, and we are all paying for it. Al Gore, didn't invent the internet but he did invent global warming.
 
Chris5

Chris5

Im BaAaAcK
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Bedford Hills
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Gas now $4.11 here in lower Westchester ... but feeling very bad for anyone who has a diesel $4.89 I saw at one place :irked:

Ummm anyone predict $5.00 soon....
I can remember going to NJ when i was younger for 1.00 a gallon .... :splitspin
 
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