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Aug 20, 2006 21:40:11 GMT -6
Post by lc on Aug 20, 2006 21:40:11 GMT -6
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Aug 20, 2006 21:41:29 GMT -6
Post by lc on Aug 20, 2006 21:41:29 GMT -6
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Aug 20, 2006 21:43:30 GMT -6
Post by lc on Aug 20, 2006 21:43:30 GMT -6
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Aug 21, 2006 1:12:52 GMT -6
Post by unlawflcombatnt on Aug 21, 2006 1:12:52 GMT -6
It's a great start.
Thanks for the posts.
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Aug 21, 2006 20:55:23 GMT -6
Post by graybeard on Aug 21, 2006 20:55:23 GMT -6
I read of the B-52 tests yesterday in an online Aviation Pub. The bottom line was $20 per gallon, and not $35/bbl.
There is reportedly 1.3 trillion barrels of oil under Texas, but too deep to extract economically, if at all.
All we need is a Teddy Roosevelt to bust the monopolies. GB
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Aug 24, 2006 10:17:35 GMT -6
Post by lc on Aug 24, 2006 10:17:35 GMT -6
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Aug 25, 2006 17:14:52 GMT -6
Post by unlawflcombatnt on Aug 25, 2006 17:14:52 GMT -6
All we need is a Teddy Roosevelt to bust the monopolies. GB Amen to that. At minimum, we need a President who is not completely controlled by Corporate interests, and a Congress that isn't almost completely controlled by them. I'm amazed almost every time I see a piece of legislation that has been recently passed, or is under consideration. They're written exclusively with the best interests of Corporate America in mind, and only short-term ones at that. It's all about how Corporations and the super-rich can extract even more wealth from the rest of us. We need more Byron Dorgans, Barney Franks, and Ron Pauls. And no more Bushes. Ever.
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Aug 26, 2006 9:04:22 GMT -6
Post by lc on Aug 26, 2006 9:04:22 GMT -6
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Aug 30, 2006 16:59:09 GMT -6
Post by unlawflcombatnt on Aug 30, 2006 16:59:09 GMT -6
LC,
You're so right here. Globalization allows for capital flight to the countries with the cheapest labor. The wider spread this becomes, however, the more difficult it will become for workers to purchase production, as aggregate labor income declines. Ultimately worldwide consumer spending and demand will decline to the level dictated by 3rd world wages. The borrowing bubble, and global inflation of currency, has allowed 1st world workers to purchase beyond the means provided by their declining wages. Once the borrowing bubble bursts, American consumer spending will nosedive, followed by that of the world as a whole. The rewards for capital investment will also nosedive, as their profits decline from a drop in aggregate global sales. Profits and returns will ultimately sink to a level supported by a greatly reduced aggregate worker/consumer income.
What this will look like is unknown. But one thing is for sure. It won't be pretty.
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