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An energy blog discussing the energy crisis in the USA. Please limit your comments and suggestions to subjects directly related to ENERGY issues-- conventional and-or renewable. This may include the politics and economics surrounding this critical problem. This is NOT a "global warming" subject blog --- except where government energy policies may coincide with GW economic concerns. Your comments-RANTS-or discussion is welcomed.

 

Energy NOW!-- the future?

Right now the future of our US Economy looks rather BAD! The CBO recently puiblished projections and concerns on the MASSIVE deficit spending-- here read this--

http://club.ino.com/trading/2009/04/widening-deficits/

 

If this comes to pass expect big time inflation starting later this year, followed by a US dollar currency DE-flation sometime in 2010-2011. Right now it does not look very good for the "home" team. The scenario will be set later this year if the Treasury cannot sell bonds on the open market.

If you see the Federal Reserve step in then get ready for REALLY bad times! - unseen during my generation. Don't forget to blame this on the politicians when it happens during the next couple of years. They will pretend that they had no part in any of the bad decisions being made right now.

And check out the picture of a circa 2015 --- $250,000 house with landscaping above!

 

Joe Lalumia

Rockwall, Texas



Posted by boatman1 on Apr 8, 2009 6:47 PM

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