Black holes can't be filled up no matter how much money you throw at them. And gold is too hard to throw. So hold your gold, dump you fiat paper and hang on. The ride is going to get more than bumpy I think.
Jane, since you assert that the demand for crude was flat while the price was rising, a plausible explanation would be that the whole production curve has been elevated to compensate the loss in US$ value. I think that conditions for spotting a bubble formation stages should be investigated in correlation with the level of affordability for the end consumer. The housing bubble was predicted 2 years in advance, based on this kind of approach.
However, in repeated statements, Middle East suppliers were not shy spelling out that their comfort zone prices were between US$75 and US$80 when the barrel was hovering around US$60. In very short time, prices on the market have been elevated to a plateau of US$80, with no apparent changes in observable factors concurring in price formation. Therefore, what is the mechanism of translating a statement of desire into effective pricing in a market deemed free?
I recall that the planning and training for the 9/11 attacks took place in Hamburg, Germany, and in the USA, respectively. Afghanistan was where Osama made video/audio tapes, and from there initiated wire transfers via a satellite phone.
To assert that the US and its allies are in Afghanistan to "prevent another 9/11" is to call all of us idiots, and apathetic idiots at that. Now we are also told that we must fight in order to "send a message" about our resolve. I'm not sure why we are really still there, but given the available facts our leaders must either be idiots themselves, or liars, or both. And it speaks volumes about the American people.
I believe this is a worthwhile option.
The Patriot Act pretty much blew all our privacy out of the water anyway. How much more intrusive could it get?
Definately worth looking into for the safety of our own troops as well.
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