It’s all about oil.

The dangers of our oil-based economy have been growing for decades. We first saw the “writing on the wall” in the ’70s during the oil embargo.  Even before the fall of the U.S.-propped-up reign of the Shah of Iran in the ’70s, anti-Americanism has dominated the Middle East. OPEC is a foreign monopoly that controls energy prices throughout the world, and out-of-control, unregulated markets have taken the ball down the field to the end zone.  It is no mistake that Russia has aligned itself with Iran and tried to take over Afghanistan.  The plan was to achieve world domination through controlling oil and access to oil.

The war between the Soviet Union and the U.S. and Red China, it satellites and the U.S. are the same. Khrushchev warned he would bury us economically, and, although the Communist system may have failed the first time around, Putin has revived a hybrid system with Russian mob influence that may finish the job.

It first became apparent when he took away the freedom of the press by executing journalists and closing newspapers and broadcast media.  He who controls the information, controls destiny.

The war in Iraq is having the same effect on our economy that the Viet Nam war had in the ’60s and ’70s. During LBJ’s administration, he made the decision to abandon the gold standard in order to hide the inflation caused by the war. By the time Nixon got into office, we had such high inflation that the gold standard had to be abandoned altogether or cause a breakdown in our monetary system. By the time Carter took office, the damage had been done and our ability to recover from it was seriously limited.  Reagan changed the focus of the American economy and its people by engaging in an arms race with the Soviet Union that eventually brought it down, but it also caused the U.S. to incur serious debt.  Clinton turned the economy around and had us back on the right track, but the GWB took over and single-handedly destroyed our economy, got us into a war of choice that we could not afford and, consequently raised the national debt to unheard of levels.  Since abandoning the gold standard in the ’70s, we have been the victim of the unbridled, unregulated currency market where those who hold our debt manipulate the value of our currency to get us deeper and deeper into debt.

GWB’s war in Iraq and mismanagement of the economy has put the finish on us. We are facing a global depression the likes of which we have never seen in our lifetimes, and even our grandparents, who went through the Great Depression, will not have experienced.  There are already food riots in Bangladesh, Africa, Haiti and the far east.

The first order of business for America is to move from an oil-based economy to renewable, environmentally friendly sources of energy. Once we have freed ourselves from that slavery, we can control our own economy and manage our debt and monetary system. Until then, we have set ourselves up to be the greatest victim of our own greed and sloth.

We cannot help a starving world unless we can first feed ourselves, and that means facing the economic crisis created by our oil-based economy as if it were a national security challenge, because it truly is.

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About Laura Schneider

Retired IT consultant (disabled), musician and animal lover. I support the constitutional concept of Right of Privacy and no discrimination against any person based on race, religion, ideology, gender, sexual preference or disability. I am very concerned about the erosion of our constitutional rights and protections under GWB (and even this administration). I strongly oppose torture, rendition or illegal search and/or seizure (without a warrant) and warrantless wiretapping. I believe that education is our best hope of a bright future for our children. Knowledge is power, and that's the kind of authority (Biblically speaking) that our children must have in order to be successful in a 21st century world.
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3 Responses to It’s all about oil.

  1. Jerry Belcher says:

    It would be impossible for me to add to or improve this commentary. It is right on target and should be broadcasted on every news service until our government gets the message.

  2. anonymous says:

    “Oil Shock”
    Even as the Economy Reels, a Golden Opportunity is at Hand
    For more than a year the U.S. economy has been reeling from the housing and credit crises, but now it’s staggering from the blow of rising energy and food prices. The impact of $4-a-gallon gasoline is rippling outward as Americans cut spending of all sorts. Every month it seems as if another major economic sector hits the skids: first it was housing and construction, then automobiles and airlines, then tourism and, finally, back to housing with the implosion of Fannie Mae and Freddie Mac.
    What ties all these crises together is cheap energy, which drove years of suburban sprawl, SUV sales and big-box consumption. That’s all in the past, however. The United States consumes 12.4 million barrels of imported oil products a day. At $140 a barrel, that comes to $633 billion a year — a huge transfer of wealth to oil companies and oil-producing countries and four times the annual cost of the Iraq War.
    Oil prices have surged six-fold since the 2003 invasion of Iraq. But with the housing sector on fire and profits robust, consumers and businesses were able to absorb the costs. Not anymore. In June, consumer prices rose 1.1 percent nationally and 1.2 percent in the New York region. Also in June, the producer price index, the inflation rate for businesses, rose an astonishing 1.8 percent. The inflationary effects are being passed through the commodity chain in price increases and job losses.
    To view the rest of this article, see http://www.indypendent.org/2008/07/19/oil-shock/

  3. Found this completely by chance. What an impressive and succinct piece of writing. Thanks. Were people really aware of the real implications of peak oil and how near the edge we are there would be a general air of panic that would be palpable. At that point in time the world needed such a careful US president not a GWB. It was like sending a rat into the warehouse to look after the grain store. Complete madness.

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