America is Bankrupt

[katty]

continues at:
http://www.lewrockwell.com/rogers/rogers171.html

commentary(excerpt): America is Bankrupt by Mike Rogers

When my friend took me around, driving through the city and out to Camp Casey, we stopped at a gasoline stand. Of course I volunteered to pay. He was complaining about the sudden rise in the price of gasoline. Here was where I witnessed just another small item that made me sure that America is headed for third world status, if it is not already there. He was complaining about gasoline at $3 a gallon. I hear that in Atlanta, after Hurricane Katrina, it hit $6 a gallon.

I shook my head and thought, When are these crazy people going to wake up? Apparently it’s good that the USA invaded Iraq to secure oil. Japan has no natural resources. America does. America even has its own oil. Guess what? About seven years ago, the price for a liter of gasoline in Japan was 100 yen (3.78 liters per gallon). The price today is about 125 yen per liter. That means today’s price for a gallon of gasoline in Japan, a nation that produces no oil, is about $4.58 – an increase of 25% over the last seven years. Now, it doesn’t take much of a math whiz to figure out that if the prices at the pumps in America – a nation that produces oil – have doubled in the last few years, there’s something strange going on. How is it possible that Japan’s gasoline prices have just barely inched up over these past few years, at about 3% per year, while USA prices have doubled or more?

Is it just the Iraq war? Or is it the decline of the dollar? Probably a bit of both, but you can definitely be sure of one thing, it is the US government taking advantage of you – regardless of whether you are a Democrat or Republican. And the average American still cheers on the federal monster.

[beingthere]

1. Morally bankrupt

Morallly bankrupt. All the Christian right folks who talk moral values never seem to mention it is wrong to profit off of human misery, e.g., price-gouging during shortages

[rasputin1952]

3. Welcome to DU...

:hi:...:D

[tom_paine]

2. Yep. Amerika is a Third-World nation of slaves

Nothing more need be said except I miss the Old USA, Free America. Whatever faults and flaws it had, it was still better than this deepening, darkening nightmare.

[indepat]

4. That chant still is: four more years, four more years