Welcome to the all new Geo Metro Forum. We hope you enjoy your visit.You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are features you can't use and images you can't see. Registration is simple, fast, and completely free. If you're already a member please log in to your account to access all of our features: Join our community! |
- Pages:
- 1
- 2
| Fuel price prediction; one year out | |
|---|---|
| Tweet Topic Started: Oct 14 2012, 03:29 AM (965 Views) | |
| nwgeo | Oct 15 2012, 10:57 AM Post #16 |
![]()
|
Maybe $1.80. The USA owes 16T. They make 2.3T in income/payroll/Business taxes. The USA is spending 3.3T. That means adding about 1T each year to debt. And the Federal Reserve Company is putting 40B every month into the economy, that is about .5T per year. Oh and the money supply has doubled in the last 10 years.(This means the money you saved 10 years ago is worth roughly half as much now. This means sometime in the near future the economy will implode/explode(Like Greece) This will effect the world economy. With the economic problem, oil demand will be down and the price will drop. (Or it may go the other way and be 6 or 8 or 10 if major inflation hits it) Can't fathom this? Let's take it to the home level. You owe 160,000, you make about $10 per hour or about 20,000 per year. You are over spending by 10,000 per year so next year you will owe 170,000. Your kids and parents live with you and you have to support them. Some of your kids don't want to work or have problems and can't work. Your parents are too old to work. You have your medical and your parents and your kids. You already spent your parents retirement monies. Now how long can you go like this before who you owe the money says I am not going to loan you any more. And by the way you go live in the street because I'll take every thing you have for your debt because you can't pay the interest. ?? Better pray Romney and Ryan got the guts to get themselves and others to stop spending. Obama will just make it blow up faster.(IMHO) (This should have gone to JM's doom and gloom site. ) |
![]() |
|
| 1 user reading this topic (1 Guest and 0 Anonymous) | |
| « Previous Topic · The Geo Metro Lounge · Next Topic » |
- Pages:
- 1
- 2


Welcome to the all new Geo Metro Forum. We hope you enjoy your visit.

)



3:34 AM Jul 11