If you think its bad now, then you are in for a real shocker. China is undergoing a massive industrial revolution. The number of cars is going up exponentially. Their demand for oil will more than double every year for the next several years. They will be able to outbid the US with the middle east to get the oil. The middle east will sell to highest bidder. China is making money had over fist by stocking all our walmart shelves with cheap products, and tight-wad americans are lining up to save a penny on every purchase, always putting price as way more important than quality. Our government under Bush has spent like a drunken sailor in a house of ill-repute, and guess who finances the defficits - - China. If America doesn't bring back some brick and mortar manufacturing business and cut back imports, and reduce dificit spending, we are headed for 3rd world status in a hurry. The whole military equipment inventory now has to be replaced/refurbished after wearing it all out in the desert sand. Rather than charging a war-tax to finance this, we did it all on credit. Now how do we pay for all this with the economy going down and energy prices going up? The interest alone on the debt is eating up larger and larger percentages or annual revenues (taxes). In other words, you pay taxes, and the government uses them to pay interest on past overspending, most of which goes to foreign counties who ride the interest income. Tom
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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