Re: GOP says Obama budget threatens future prosperity

[Guest guest]

Indeed it does threaten future prosperity. All of this new spending on top of the off the books costs of $65 trillion and counting for Medicare and Social Security. If they keep this up, the dollar will become utterly worthless. The dollar has already lost about 25% of its value since 2000 as a natural course of inflation. When the hyperinflation kicks in from all this funny money pumped into the system, it will lose more than that in a short period of time. We'll be seeing gas up to $5 or $10 just from inflation alone, not counting resource related costs.

It is going to be rough very soon, if they keep it up.

In a message dated 3/28/2009 10:47:40 A.M. Eastern Daylight Time, no_reply writes:

P says Obama budget threatens future prosperity Feeling the pinch at the grocery store? Make dinner for $10 or less.

[Guest guest]

" We'll be seeing gas up to $5 or $10 just from inflation alone, not counting

resource related costs. "

And here is the interesting part: Most of the oil fields, drilling equipment,

storage and refining facilities are paid for/updated. And many of the shares

issued to the public have been bought back, and so these companies have fewer

dividends to pay out. Whatever monies the oil companies would see would be

almost pure profit. If they then invest these monies in foreign markets where

the dollar still holds more value against lesser currencies, they can become

vast global conglomerates that can control the oil market with an iron fist and

drive gas prices up even further...which in turn will further cripple the

economy.

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