Date: Sat, 3 May 2008 23:33:03 -0500
Reply-To: John Rodgers <inua@CHARTER.NET>
Sender: Vanagon Mailing List <vanagon@gerry.vanagon.com>
From: John Rodgers <inua@CHARTER.NET>
Subject: Re: Gas, milage, etc (was Air Engine)
In-Reply-To: <2d5213e00804241237n5d42525dl5d67fcefa76691ac@mail.gmail.com>
Content-Type: text/plain; charset=windows-1252; format=flowed
Mark, Bernie, ET AL:
REF: Re: Gas, milage, etc (was Air Engine)
A White Paper - “Jimmy Carter is No Dummy”
I had thought to drop the subject since it appears we are getting far a
field from the original post, but since I was asked on the list if I had
gone off my meds, and then asked if I could identify specific Carter
programs that Reagan killed, I decided to respond on the list. I do this
in part because as Vanagon owners, we all are together paddling a very
unique boat, this fuel and energy thing is skinning us alive, and it has
some history as to why we are where we are. My apology to all for not
getting this back in time to remain totally within keeping of the spirit
of open Frydaye. I had to do some research to ensure I had my facts
straight. Perhaps Jim will cut me a little slack for bringing this back
up I hope so. .I realize that any time that political parties are
mentioned, toes can be stepped on. I have tried to state nothing but the
historical facts as I see them, all of which can be documented.
This “White Paper” is my response to Mark Drillock and Bernie. I would
post it but I don’t want to start an e-mail war on the list. Our list
administrator would not tolerate it. So, if you are at all interested in
a good perspective of what has gone on energy wise that has gotten us in
the fix we are in to day, just drop me a note and I will send “the White
Paper” to you.
Sorry, I don’t have a Blog or website that I can post this on. Perhaps
someone else might put it up. It would be easier for everyone to read
that way.
Regards,
John Rodgers
88 GL Driver
Bernie wrote:
> Have you gone off your meds or something? I remember the Carter years.
> Mortgage rates of %12, car loan rates at %18
>
> Yes I remember that. Interest rates went very high
> to deal with VERY high inflation and it did the job!
> The Federal Reserve has two jobs.
> The first is to control inflation. The second is
> protect the currency.
> The lack of good fiscal policy by the US will lead
> to big inflation and guess what, then high interest
> rates to deal with inflation.
> When you print money and borrow from other countries
> to fund huge deficits and debt it will not end well.
> There has not been a nation to date that has borrowed
> it's way to prosperity. The USA will not be the first.
> One of the reasons oil and commodities move higher
> is that they are measured in American dollars and guess
> what the American dollar will continue to fall based on
> fundamentals, that is they borrow trillions more than they
> spend. Can they do that forever? I don't think so.
> Some numbers for you. These taken from and article in
> the Washington Post. Besides the 10 trillion national debt
> and besides the huge current account deficit there is a
> little amount of a fiscal gap between what will be required
> in future for social security and medicare when the baby
> boomers turn 65.
> Would you like to take a guess on the size of how much
> cash required that will not be available.
> It's only a matter of about 70 trillion dollars.
> Could anyone explain to me how you can print money
> fast enough or borrow it fast enough to pay for programs
> not prepared for? Major pain coming!
> The information is all out there. A crisis is approaching
> that will make subprime look like small potatoes.
> I don't agree with the head of Iran on much but he said
> the other day the price of oil needs to go higher because
> it is paid for in US dollars and they are backed by nothing.
> He says they just print more and it's not backed by gold
> anymore.
> There are some excellent articles by experts who claim
> an argument can be made that the US is already bankrupt.
> When you cut taxes and increase spending and borrowing
> you don't have to be a genius to know where it's headed.
>
> Bernie
>
>
>
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