Sunday, August 24, 2008

Texas Tea Party

I'm going for a few references on this title also. The Boston tea party was an act of American terrorism to show the British that we would not be taxed unfairly any longer, the steady drop in demand of oil is an act of American patriotism to show OPEC, futures traders, and oil companies that we will not be priced unfairly any longer. I'm mostly writing this because I really loved when the authors of this article mentioned that oil is becoming practically a new currency and that our economy is losing ground with the black gold standard. What a great line. Now let's load up the truck and move to Beverly... Hills, that is.
I don't pretend to understand half of what they were saying, someone please take more time to educate me because I'm interested. I get the basics of it though, and it sounds a lot like the way everything was traded way back in the day when people were allowed to trade on margins. My grandfather can tell you about the ails of the Great Depression, the result of such reckless abandonment of reality.
The authors do make a point that I disagree with. They say that these unfair practices are bringing down America. I take that to mean that if the trend of future speculation and oil dependency continue then our country will fall. I can not agree with that thought on any level. The oil scare of the 1970's was bad, but we survived it. The Depression of the 30's was bad, but we survived it. The slumps in our economy before and in between have been bad, but we have survived them also. This is a nation of survivors. Life may be inconvenient for a while, life may be expensive for a while, and life may seem bleak for a while but we will survive it as well.
A brief side note, it is only by weathering the storms of complete capitalism that we may evolve into socialism, just thought I'd throw that out there, before people start thinking I'm a Libertarian or Republican again.

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