|March 11, 2008
|Ignoring Clint Eastwood's advice in "Dirty
Harry" that opinions, like certain body parts, are best
kept to yourself.
The Cost of Survival
Itterly is a friend of mine, retired and living in
Princeton, Minnesota. Jim is a student of economics, and
I've always felt he knows what is going on. This is a copy
of what he is sending the local newspaper for this week's "letters
to the editor" page.
The Cost of
We live in troubled times, all over
the country people are losing their homes and being kicked
out into the streets. Gas prices are at $3 dollars a gallon
and going higher. The cost of diesel fuel needed by the
trucking industry is driving the small operators out of
business. The large corporate trucking industry simply pass
on the cost of moving freight to the consumer, that's me and
you. This is only one of the reason's that food prices are
soring with no end in sight. And we better not talk about
the out of control cost of health care.
government tells us that there is a crude oil shortage. We
are led to believe that China and India are buying up all
the oil on the open market. If this is true, then why have
we done so little to develop other sources of clean
renewable energy. The U.S government has provided tax breaks
and start up funding for ethanol and biodiesel plants, but
the results are not very favorable.
(July 6, 2005 -- Turning plants such as corn,
soybeans and sunflower into fuel uses much more energy than
the resulting ethanol or biodiesel generates, according to a
new Cornell University and University of California-Berkeley
(April 1, 2005) -- Ethanol Production Consumes Six
Units Of Energy To Produce Just One. UC Berkeley
geo-engineering professor Tad W. Patzek thinks that's a very
For two years, Patzek has analyzed the
environmental ramifications of ethanol, a renewable fuel
that many believe could significantly reduce our dependence
on petroleum-based fossil fuels. According to Patzek though,
ethanol may do more harm than good."In terms of
renewable fuels, ethanol is the worst solution," Patzek
says. "It has the highest energy cost with the least
benefit. Plus, is will create a shortage that will
drive up food prices and will hurt the poorest people at
home and around the world.
So now we know why eggs
cost over $2 a dozen. A loaf of bread costs over $2. Flour
prices have nearly doubled. Milk costs over $4.50 a gallon.
Meat prices are soring along with every other consumable. In
the last 2 years with energy and food prices soring it now
takes an average of $2.25 dollars for same products that
used to cost a dollar. Our economy is being destroyed, the
value of the dollar is at an all time low and is dropping
like a ton of bricks, again with no end in sight. This week
president Bush in a press conference said, our
economy is in a slowdown, but we shouldn't worry,
because his new stimulation package of $150 billion should
help our struggling economy. (What a joke). Where are they
getting this money?.
Our once great republic is
broke. We are now the biggest debtor nation on the face of
Oh, I know how they will do it, they'll
just start up the printing presses and print the money. And
then they will lower the interest rates again and the dollar
will continue it's free fall. Of course, the fall-out from
these actions will excel the cost of energy, food and
everything else that we consumers need to survive.
only things that will continue to drop is the value of our
homes, if you still have one. And if your lucky enough to
have a savings account, the interest you earn on your money
will also continue to drop.
Great. I know I sound
like a doomsday freak, but if this is what it takes to wake
some people up, then so be it.
I welcome responses, and
will be glad to post them here. Email your remarks to
All great civilizations lasted approximately 300 years and
after year 200 they started going downhill. Sadly, we have not
learned from the mistakes of history past so we will be doomed
to repeat them.
Anyone...ANYONE...who thinks that by
simply changing the name on the placard on the desk of the oval
office, regardless of that name, party, somehow will alleviate
the problems that we must face head-on to right this ship, is
deluding themselves to the nth degree. We are taking a perfectly
good country and ruining it! What with all the political
correctness and rule by minority going on it a wonder we've
managed to survive this far.
Tom Dee - Denver, NY