- Home
- Premium Memberships
- Lottery Results
- Forums
- Predictions
- Lottery Post Videos
- News
- Search Drawings
- Search Lottery Post
- Lottery Systems
- Lottery Charts
- Lottery Wheels
- Worldwide Jackpots
- Quick Picks
- On This Day in History
- Blogs
- Online Games
- Premium Features
- Contact Us
- Whitelist Lottery Post
- Rules
- Lottery Book Store
- Lottery Post Gift Shop
The time is now 10:40 am
You last visited
April 25, 2024, 7:07 am
All times shown are
Eastern Time (GMT-5:00)
An economic whisper
Published:
Updated:
Sometimes I'm almost tempted to read the newspapers or even watch television. The insanity usually passes quickly, but it happens.
That's sort of where I am this morning. Sniffing the air, twitching my ears and nostrils, finding myself on the brink of investigating something that is none of my business, something that is outside my ability to have any influence on it, something I could find myself getting angry about, nevertheless.
I'd noticed gasoline prices hanging around a fairly high level for some time. My mind toyed around with it in the background, couldn't help it, I suppose, feeling around for an explanation. Tossed it off as something outside my range of interest, something to be ignored and lived with.
But yesterday when I went down to Bernalillo to buy a couple of PB tickets for the $3 million dollar jackpot they're running at the moment, I couldn't help noticing the pump prices. It was an eyecatcher.
I assume this is true everywhere in the US. I saw it at all the other stations down there after I once began looking.
The highest gasoline prices I've ever seen in the United States.
Six decades of price wars, wars, oil embargos by the folks in turban country..... I've never seen anything approaching this before.
Which, naturally leads me to wonder what's going on. And wonder what is going to happen to fuel oil prices this winter. Electricity. What's to happen in the stores when the price of transport gets translated into the price of bread.
Someone mentioned this on a thread yesterday. DVdiva, maybe. Spoke of it in the context of the astronomical price of housing.
So. We have become a country with no industry to speak of, a country with no industry. We've become a consumer economy, but our dollars have no meaning outside the context of commodities we produce that are worth something to someone. Dollars have no value unless they can buy products, and they derive their value from products produced inside the US, products that can be traded to some CHICOM gent for the rubber monster toys he produces and sends to us. Traded to some guy in a robe and turban with a lot of gold hanging off him for a barrel of oil.
And, of course, there's now the fact that people gas up, gnash their teeth, walk inside to take a bath in the wallet department, and then, while the drums point and the audience waits with baited breath, while the chorus girls pause, right leg lifted, yeah, right then when he feels the pinch of something happening that's entirely beyond his ken, he has to make a choice about whether to buy a lottery ticket.
Those lotteries are going to have to scrape around before too long, be satisfied what's scraped off the bottom of the pot after the groceries, gasoline, insurance, and a six pack of Jim Beam.
Can't help wondering if the chickens are finally coming home to roost, or whether this is just something related to the war we're fighting somewhere, something that will pass and soon be forgotten.
Jack
Comments
LottoVantage
The good news is that I've thought for 40 years that things couldn't go on this way. Even wrote a book about it around 1970, about the crash I believed was coming, soonest. I never dreamed we'd last until 2000.
I was wrong.
We can go on being wrong a lot longer, hopes I.
Jack
There have been many innovative ideas and actual products developed for fuel efficency but never used.
Thanks for the comment, JAP69
Jack
Public anger about high oil prices is going to railroad those people out of town.
I heard on radio this a m that gas prices can go way higher yet. Like $10.00 a gallon.
Lets hope what you heard was merely a trial balloon.... running it up on the flagpole to see if anyone salutes.
Jack
Environmental regulations have stifled domestic oil exploration, closed down many refineries saddled with too many rules .... so we're living with what we've created through demanding too many laws.
Post a Comment
Please Log In
To use this feature you must be logged into your Lottery Post account.
Not a member yet?
If you don't yet have a Lottery Post account, it's simple and free to create one! Just tap the Register button and after a quick process you'll be part of our lottery community.
Register