DOLLAR AND OIL HIGH AND LOW

Hey, just wanted to point out something I came across last week but didn't have time to blog on--it's that Oil and the US Dollar broke records last week--one for being at its highest and the other for being at its lowest in quite some time. I think it's obvious which is which.

The thing we really have to ask ourselves here is what we're going to do about this trend.

Oil is probably the single most common substance in our lives today. It is used in almost every aspects of our lives.

The computer you are using to read this post, the TV you have on in the back ground, the refrigerator you keep food cool in, the microwave oven you heat food up in, the car you drive, the make-up you or your significant other wears, the cell phone in your pocket, the car you drive and even our money, figuratively, has oil in it (see the Wikipedia.org entry on the Petrodollar).

The American dollar is what we use to buy everything we have in our homes. DVDs, cars, clothes, rent, food--everything is bought with US dollars (including all that stuff with oil in it).

You can probably see the problem, here. The trickledown theory here says that since oil is going up in price, eventually we'll see that reflected in the cost of everything we own going up. AND since the US dollar is at its weakest in a very long time that means that ALL items we buy (including the ones with oil in them) will be even more expensive.

This is a major, major problem.

Guess what? No one's talking about this.

Lovely.

Our way of life is disappearing and we're talking about the Iraq war and terrorism. These are all distractions from the capitalist system failing us.

We are becoming 3rd-World-ized and what's worse is that we're returning to the feudal system. I think I've even blogged on this before--we all work for corporations (feuds) and the king (George W.) is more of a military commander and less a political leader (see? I said George W.) and we, the employees of corporations are the peasants.

It's not like the oil price rise and the US dollar drop in value haven't been coming slowly for a long time, either. We've watched both oil and USD move, step-by-step, both up and down and neither is changing it's direction.

You can deny it all you like. But I've been right about everything else so far.

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