villain_the_foe Posted March 7, 2011 Share Posted March 7, 2011 ...and that is only for 9/10ths of a gallon! haha! I see what you did there? Who was talking about that 9/10th's again? Link to comment Share on other sites More sharing options...
Maxman Posted March 7, 2011 Share Posted March 7, 2011 Yup Bob, they are laughing all the way to the bank. Remember when you used to turn on the TV and see everybody in China and India riding bicycles to work? Thats going to be us. Don't be taking shots at Bitonti like that, lol. Link to comment Share on other sites More sharing options...
visajets Posted March 7, 2011 Share Posted March 7, 2011 With diesel prices looking around the $4.00 mark im leaning towards trading it in. This sucks. My truck is in mint condition low miles and paid for and a pleasure to drive. Link to comment Share on other sites More sharing options...
war ensemble Posted March 7, 2011 Share Posted March 7, 2011 I went to Belgium this weekend so I didn't have the luxury of paying for gas on base. It cost me $120 for 3/4 of a tank. How do they represent that? Do they go with $120 3/4 or $120 75/100? Falcon wants to know. Link to comment Share on other sites More sharing options...
war ensemble Posted March 7, 2011 Share Posted March 7, 2011 (this post is intended to be economics not politics) Futures traders drive the price up. Not so much crooks involved as markets doing what they do. (but in this case causing a little unnecessary pain) There's been talk in Congress for several years about treating oil as a commmodity critical to national security and limiting trades to those who explicitly plan to execute the contract (aka buy the barrels). I rather like the idea, but I don't know where it ended up. I heard this brought up just yesterday--apparently Obama has been considering it or something like that. Link to comment Share on other sites More sharing options...
JetsFanInDenver Posted March 7, 2011 Share Posted March 7, 2011 I heard this brought up just yesterday--apparently Obama has been considering it or something like that. I would love to see it happen. But would be very surprised if it ever happens. The small problem is the financial institutions that have trading desks devoted to trading commodities (oil being a major one) which add billions to the revenue stream. And these financial institutions have lobbies! Link to comment Share on other sites More sharing options...
visajets Posted March 7, 2011 Share Posted March 7, 2011 The economy sucks yet the prices of food are rising at the grocery store and price of fuel is rising daily. Houston we have a problem. Link to comment Share on other sites More sharing options...
JetsFanInDenver Posted March 7, 2011 Share Posted March 7, 2011 Gas Prices hit $5.00 in Southern Cal. http://www.youtube.com/watch?v=4A4f5k9adcc $7.00 here we come. I would not be surprised to see it happen by this summer if our debasing the dollar by printing tons of money policy continues. Link to comment Share on other sites More sharing options...
JetsFanInDenver Posted March 7, 2011 Share Posted March 7, 2011 The economy sucks yet the prices of food are rising at the grocery store and price of fuel is rising daily. Houston we have a problem. The problem here is its Houston(read that as people in control) that's responsible for this rise in commodity prices. Link to comment Share on other sites More sharing options...
visajets Posted March 7, 2011 Share Posted March 7, 2011 The problem here is its Houston(read that as people in control) that's responsible for this rise in commodity prices. I guess they figure with all the people unemployed they can raise the price. Only those working will be able to afford fuel. Im getting my bicycle ready for the summer. Link to comment Share on other sites More sharing options...
JetsFanInDenver Posted March 7, 2011 Share Posted March 7, 2011 I guess they figure with all the people unemployed they can raise the price. Only those working will be able to afford fuel. Im getting my bicycle ready for the summer. I do not think there is so much focus on the unemployed or creating jobs for them. They do not pay the bills to run election campaigns. So screw them! Link to comment Share on other sites More sharing options...
villain_the_foe Posted March 8, 2011 Share Posted March 8, 2011 $7.00 here we come. I would not be surprised to see it happen by this summer if our debasing the dollar by printing tons of money policy continues. Whats even crazier is that the dollar index is still going down. With the unrest in the middle east you would thing that people would find a safehaven in the dollar. Thats not happening. Also, QE2 hits the system beginning in April. Not looking good. Link to comment Share on other sites More sharing options...
PatriotReign37 Posted March 8, 2011 Share Posted March 8, 2011 The economy sucks yet the prices of food are rising at the grocery store and price of fuel is rising daily. Houston we have a problem. There is a corn shortage and corn is almost everything. Ethanol too. Link to comment Share on other sites More sharing options...
visajets Posted March 8, 2011 Share Posted March 8, 2011 It might be time to tap into all that reserve the U.S has. I cant imagine what its costing the people commuting any long distance back and forth to work weekly. Anyone commuting over 50 miles a day? Link to comment Share on other sites More sharing options...
AFJF Posted March 8, 2011 Share Posted March 8, 2011 It might be time to tap into all that reserve the U.S has. I cant imagine what its costing the people commuting any long distance back and forth to work weekly. Anyone commuting over 50 miles a day? 45 miles a day round trip. Haven't added it up because I don't want to cry. Link to comment Share on other sites More sharing options...
JetsFanInDenver Posted March 8, 2011 Share Posted March 8, 2011 Whats even crazier is that the dollar index is still going down. With the unrest in the middle east you would thing that people would find a safehaven in the dollar. Thats not happening. Also, QE2 hits the system beginning in April. Not looking good. People all over the world have wisened up to the game being played by the Fed. So not surprised everyone is staying away from the Dollar. The unfortunate consequence of this game is not just high prices of oil. It will result in total destruction of wealth and prosperity of the entire nation. At the end of the day the government and its offshoots cannot create wealth and prosperity. They can only print money. I think you meant QE3. QE2 started quite a few months ago. And surprisingly since then the market is up 25% plus. Link to comment Share on other sites More sharing options...
vanDoug Posted March 8, 2011 Share Posted March 8, 2011 It might be time to tap into all that reserve the U.S has. I cant imagine what its costing the people commuting any long distance back and forth to work weekly. Anyone commuting over 50 miles a day? 8 block walk to work. Yeah it costs more to live where I do, but I made that choice. The money saved in car payments, maintenance, insurance, parking and GAS, etc. plus the joys of commuting makes it an easy choice for me. I don't know about your cities, but bike lanes are being built all over downtown here reducing the lanes for cars. Link to comment Share on other sites More sharing options...
Jetman_67 Posted March 8, 2011 Share Posted March 8, 2011 We are at the $4.00 mark here. We decided to sell one car and trade one for a hybrid. Also bought a Orca Card that gets you everywhere you need to go for $100 a month. Link to comment Share on other sites More sharing options...
Thor99 Posted March 8, 2011 Share Posted March 8, 2011 Also bought a Orca Card that gets you everywhere you need to go for $100 a month. JiF wants to know where he can get an Orca Card. Link to comment Share on other sites More sharing options...
visajets Posted March 9, 2011 Share Posted March 9, 2011 Just filled the Duramax Diesel was on 1/4 tank it cost me $75.00... Link to comment Share on other sites More sharing options...
Maxman Posted March 9, 2011 Share Posted March 9, 2011 I really thought in the early 90's when all the rappers were adding the lyrics, "Peace in the middle East" that it would fix everything. Shocked it didn't work. Link to comment Share on other sites More sharing options...
AVM Posted March 9, 2011 Share Posted March 9, 2011 I really thought in the early 90's when all the rappers were adding the lyrics, "Peace in the middle East" that it would fix everything. Shocked it didn't work. :rl: I propose we bring back POTW just one week, for this post. After getting depressed reading through this thread for the first time, you made it all go away. All hail Max! Link to comment Share on other sites More sharing options...
Dude Love Posted March 9, 2011 Share Posted March 9, 2011 The geopolitical adversity affecting our economy is only recent, inflation has been causing the increase in food and fuel prices for years, now. You haven't seen anything yet. Link to comment Share on other sites More sharing options...
Maxman Posted March 9, 2011 Share Posted March 9, 2011 :rl: I propose we bring back POTW just one week, for this post. After getting depressed reading through this thread for the first time, you made it all go away. All hail Max! LOL!!! Okay, it is done. That is this weeks winner. Thanks. Link to comment Share on other sites More sharing options...
PatriotReign37 Posted March 9, 2011 Share Posted March 9, 2011 Link to comment Share on other sites More sharing options...
Sharrow Posted March 10, 2011 Share Posted March 10, 2011 How long until people start riding horses to travel again? Link to comment Share on other sites More sharing options...
joebabyny Posted March 10, 2011 Share Posted March 10, 2011 Drove my wrangler down to Florida back in January, left it there figuring I'd just bring it back later, now gas has shot up. Ii was planning on bringing it back up but it's cheaper for me to fly. Fml. Link to comment Share on other sites More sharing options...
visajets Posted March 14, 2011 Share Posted March 14, 2011 $20 to fill a gas can. Wheres this Country headed. Link to comment Share on other sites More sharing options...
Dude Love Posted March 14, 2011 Share Posted March 14, 2011 $20 to fill a gas can. Wheres this Country headed. Take it or leave it, the same rain falls... http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSIM1AJ/PR Link to comment Share on other sites More sharing options...
villain_the_foe Posted March 14, 2011 Share Posted March 14, 2011 Take it or leave it, the same rain falls... http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSIM1AJ/PR I seen Stansberry page some time ago. Very good, very relevant information. I just didnt like the "sales pitch" at the end of it. I believe it was Stansberry's video that had it. I didnt watch it again just now lol. If you like info like this a great place to checkout is mises.org as well as their youtube page http://www.youtube.com/user/misesmedia. Their youtube page has endless info from some of the brightest minds economically. One of the few youtube pages that I frequent weekly. I just let the videos run while taking care of work/chores. Check this video out . Link to comment Share on other sites More sharing options...
obama5493 Posted March 14, 2011 Share Posted March 14, 2011 ^ jeez, where are you located? Although, a lot of people don't know that gas prices listed are for 9/10 of a gallon, the 9/10 does NOT mean 9/10 of a cent. So if it says it's $2.70, for example, it's really $3.00, because the $2.70 is only for 9/10 of a gallon. Hopefully that helps some people who never knew that Link to comment Share on other sites More sharing options...
Dude Love Posted March 14, 2011 Share Posted March 14, 2011 I seen Stansberry page some time ago. Very good, very relevant information. I just didnt like the "sales pitch" at the end of it. I believe it was Stansberry's video that had it. I didnt watch it again just now lol. If you like info like this a great place to checkout is mises.org as well as their youtube page http://www.youtube.com/user/misesmedia. Their youtube page has endless info from some of the brightest minds economically. One of the few youtube pages that I frequent weekly. I just let the videos run while taking care of work/chores. Check this video out . I agree, the sales pitch negates the integrity of it, so skeptical people can just walk away "he's just fear mongering to sell a product". But everything he says is true, especially about the dollar being the reserve currency, and what will be the implications if the rest of the world decides to end that. Thanks for the link, I definitely will check that out. Link to comment Share on other sites More sharing options...
The Crusher Posted March 14, 2011 Share Posted March 14, 2011 Although, a lot of people don't know that gas prices listed are for 9/10 of a gallon, the 9/10 does NOT mean 9/10 of a cent. So if it says it's $2.70, for example, it's really $3.00, because the $2.70 is only for 9/10 of a gallon. Hopefully that helps some people who never knew that Not sure about anyone else but I feel better now. Link to comment Share on other sites More sharing options...
villain_the_foe Posted March 15, 2011 Share Posted March 15, 2011 I agree, the sales pitch negates the integrity of it, so skeptical people can just walk away "he's just fear mongering to sell a product". But everything he says is true, especially about the dollar being the reserve currency, and what will be the implications if the rest of the world decides to end that. Thanks for the link, I definitely will check that out. No problem. Just find whatever financial instrument you're comfortable with to maintain your purchasing power in the future because the dollar is being destroyed. This Japan situation isnt going to make it any better either. Japan is probably going to have to sell their U.S. treasuries in order to help finance their rebuilding. The only buyer out there right now is the FED (got to keep the game going). That means that the FED will be buying those for free because they're going to push off the payment to us via inflation. Thats my opinion anyway. Link to comment Share on other sites More sharing options...
Bergen Jet Posted March 15, 2011 Share Posted March 15, 2011 No problem. Just find whatever financial instrument you're comfortable with to maintain your purchasing power in the future because the dollar is being destroyed. This Japan situation isnt going to make it any better either. Japan is probably going to have to sell their U.S. treasuries in order to help finance their rebuilding. The only buyer out there right now is the FED (got to keep the game going). That means that the FED will be buying those for free because they're going to push off the payment to us via inflation. Thats my opinion anyway. ...and that is a good thing. If that would happen the next generation will be owing more to themselves and less to foreign entities. Let's get China to sell some of our debt back to us too while we are at it. Link to comment Share on other sites More sharing options...
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