U.S. NEWS: “Oil prices slip from highs and inflation posts mildest reading in 6 months.” That is the good news of the day. That is also the main stream news reports, who are somewhat reckless with the truth. That is also why I write the King of Simple News in English.
Oil did go down and inflation was reported as lower. Compared to what? That’s the scam ya know?
This would be similar to asking a person if they want to jump to their death off the high cliff or the low cliff. Neither, is the correct answer. Both cliffs are sufficiently high to reach terminal velocity; you just get to think about it longer off the high cliff.
Let’s look at inflation reporting since I’m on the subject like white on rice. If inflation were to rise by 20% last month and only 10% this month, the news would be reported as, “Inflation plummets by 50%.” Rather than, “Middle America will starve to death more slowly.”
Oil did in fact slide. It slid from $110 per barrel to $109. Well la-de-da. Not long ago the news was reporting that, “Oil could hit $50 per barrel and we’ll all die.” Comedy Central couldn’t hold the light for a financial news reporter.
As the pump hit $100 when I was filling my vehicle yesterday, the radio was announcing that inflation was tame. I had $200 worth of groceries in one bag in the back seat.
Do you think inflation will impact you? Do you believe that inflation will save this economy? More importantly, do you believe that we have inflation? If you answered no to any of the questions, cut back on what ever it is that you are taking for your headaches.
We have a large problem in the U.S. and to put it into a nutshell, here it is; We are experiencing a shift from a math and physics perspective. The benefit of the shift will go to China, India, Korea, Russia, and an endless list of other emerging nations.
The U.S. represents 4.8% of world population and consumes 25% of all energy and 30% of all materials on earth. To maintain our growth and standard of living, we must not only continue to use the resources at the present level, we must expand our consumption exponentially. You do the math.
I should also throw in the fact that the resources aren’t ours. We buy them from some of those other 95.2% of people on earth that I was talking about. To make matters worse, they don’t like us.
If China were using all of the oil in the world and you were pulling the rickshaw, you wouldn’t like them either.
Let’s look at this from a different perspective. If the Chinese alone were to consume at the present rate of Americans, there would not be sufficient global resources to supply China. That leaves the rest of the world with nada and a shortage in China.
Well the nerve of those gluttonous Chinese. After all, we have the dang rail roads all built and they can go live on fish and rice. What’s next for gosh sakes; hamburgers?
Don’t let all of this worry you. We have the greatest minds in the world at work trying to solve our problems. Only yesterday, Hillary Clinton pointed out that Barrack Obama is a black man. Barrack Obama after some consideration, said that as far back as he can recall, he always has been. John McCain said that NAFTA and the WTO are beneficial agreements and that the U.S. will become an intellectual nation.
So you see, we have leaders that are all over this thing. In the mean time, stay tuned to King of Simple News, I’m pointing out plan “B” in the rare possibility that Mr. Obama turns out not to be a black man and that Mr. McCain is as dumb as he appears.