[Andyb]

[QUOTE=Marine1974;2372272]

Originally Posted by Cuervo

Increasing interest rate is usually put in place to slow the economy and slow down inflation.

You bring down oil prices, everything, I mean everything will come down too, including inflation. Drill baby, drill. This not an opinion, but fact.

[Bill14564]

Originally Posted by Andyb

You bring down oil prices, everything, I mean everything will come down too, including inflation. Drill baby, drill. This not an opinion, but fact.

It must be one of those alternative facts that don't have any basis in reality.

UNLESS, what you predict (desire??) is a collapse of the economy and a recession/depression. Even then, I doubt that attempting to tank global oil prices would be enough to cause that.

[Cuervo]

[QUOTE=Andyb;2372750]

Originally Posted by Marine1974

You bring down oil prices, everything, I mean everything will come down too, including inflation. Drill baby, drill. This not an opinion, but fact.

You do understand we are drilling more than ever before.
Oil is not the only solution, by bringing alternative energy sources to the market will not only bring prices down at the pump, but also increase our independence.

[jimjamuser]

[QUOTE=Cuervo;2372846]

Originally Posted by Andyb

You do understand we are drilling more than ever before.
Oil is not the only solution, by bringing alternative energy sources to the market will not only bring prices down at the pump, but also increase our independence.

I agree with the last sentence. And using alternative energy sources ALSO would decrease global warming, which is the #1 problem for humanity RIGHT NOW. Interestingly, it is not talked about too much. Strange that a problem that BIG is ignored.

[jimjamuser]

Originally Posted by Rocksnap

Canada & England both have socialist medicine. Neither is cracked up to what it’s supposed to be. Says many who needed care in those countries.
South Korea, on the other hand, does quite well. They don’t have socialist healthcare, but it’s cheap and good, for the most part.
Case in point. My daughter is a freelance graphic design artist. Makes great money, but no benefits.
It was cheaper for her to visit there for a few months to receive a some needed care, than it was for her here to pay out of pocket just for the care she needed. Now that’s crazy.

Every Canadian that I ever talked to LOVED their healthcare. They worry about getting sick and having to go to a US hospital. The US ranks LAST compared to 9 other top countries for HEALTHCARE. Australia is #1.

[jimjamuser]

Originally Posted by Cuervo

I'm not totally sure what your point is, if it's that we live in a capitalist society where all mighty dollar rules I agree. As far as George Carlin making money off his jokes, that was the business he was in. I'm sure there were days you did not want to go to work but you did so to earn money.
The problem with living in a capitalist society is when money is the main goal greed creeps in and takes precedence over country, people, even self-preservation.
What Carlin's joke pointed out was that many who continue saying we have to save the planet are misguided, that the planet will survive long after we are gone. What these people should be saying instead is we should be taking measure to save ourselves.
If you were fortunate enough to watch 60 minutes last night, it focused in on how corporations relish on inflation and how mergers stifle the competition which gives them control over market prices.
There has to be a better way, and we better find it soon, if not for ourselves at least for our off springs.

Corporate mergers are a way that companies get around CAPITALISTIC principles. They are "socializing" their way to more PROFITS. Why, in America, is socialism bad for the common man, but GOOD for the GIANT Corporations?

[jimjamuser]

Originally Posted by bogmonster

A friend of mine was from Argentina and always bragged about their free healthcare. On one of her trips, she broke her arm and they fixed it for free. At that point she would hold up her arm. It was so crooked it looked like a hockey stick. I guess you get what you pay for!

That is an example of ONE or, in statistics, an N of 1. Perhaps there were reasons why her arm could NOT be returned to perfection. When I broke something on my body, it never got back to perfect. ANYWAY, there are global comparisons for HEALTHCARE. The US is LAST out of 9 major nations. That is EASY to look up. There is a word for the concept of thinking that YOUR particular country is the ABSOLUTE BEST......I believe it is ethnocentric.

[jimjamuser]

Originally Posted by Cuervo

I agree to a point, but to maintain a Socialist country the citizens of that country have to keep a watchful eye. You see Socialism and Dictatorship are not that far apart. Sweden which many people look at as a Socialist country is a combination of Socialism and Capitalism. On the other hand, China and Cuba are considered complete Socialist.
The question is what type of government you want to live under the Swedish or the U.S. and no matter which you have to participate to make sure your freedom stays in place.

The US is a FINE country! But it would NOT hurt us to look to countries like Sweden and Australia for BETTER solutions to SOME of our problems. Like the fact that Australia has the best health care system in the world, they are #1. The US is LAST at #10 among top countries. Many countries have MORE than 2 parties. I wonder how Australia's income tax brackets compare to ours? I wonder which taxpayer level or levels Australia emphasizes?

[bumpa]

Originally Posted by RICH1

The Keystone Pipeline was built to EXPORT Oil...

Canadian Oil. Heavy, dirty Shale oil that the US can not use. It's for export only.

[jimjamuser]

And today the FED is SATISFIED that inflation is under CONTROL. So they can REDUCE the prime interest rate by 1/2 of a percent. That will take time to ripple through the economy, but should begin to bring prices for goods down. I believe that their ULTIMATE goal is to be at 2% which must be some "sweet spot" for interest. I am NOT sure how that ideal 2 % has been determined. Maybe someone here on TOTV knows that answer?

[dewilson58]

Originally Posted by jimjamuser

And today the FED is SATISFIED that inflation is under CONTROL. So they can REDUCE the prime interest rate by 1/2 of a percent. That will take time to ripple through the economy, but should begin to bring prices for goods down. I believe that their ULTIMATE goal is to be at 2% which must be some "sweet spot" for interest. I am NOT sure how that ideal 2 % has been determined. Maybe someone here on TOTV knows that answer?

The intent is NOT to bring prices down.
The intent is NOT deflation.

[dewilson58]

Originally Posted by bogmonster

A friend of mine was from Argentina and always bragged about their free healthcare. On one of her trips, she broke her arm and they fixed it for free. At that point she would hold up her arm. It was so crooked it looked like a hockey stick. I guess you get what you pay for!

it ain't free

[Pugchief]

Originally Posted by JMintzer

Neither of those countries are "socialist"...

They are also at the top of the list for the consumption of "anti-depressants"...


Maybe that is why they are so "happy"...

Nah, some people just get JOY from paying sky-high tax rates!

Ah, yes, JOY.

[Pugchief]

Originally Posted by Rocksnap

Canada & England both have socialist medicine. Neither is cracked up to what it’s supposed to be. Says many who needed care in those countries.
South Korea, on the other hand, does quite well. They don’t have socialist healthcare, but it’s cheap and good, for the most part.
Case in point. My daughter is a freelance graphic design artist. Makes great money, but no benefits.
It was cheaper for her to visit there for a few months to receive a some needed care, than it was for her here to pay out of pocket just for the care she needed. Now that’s crazy.

The reason healthcare is so expensive here is because of REGULATIONS.

[Pugchief]

Originally Posted by Bill14564

It must be one of those alternative facts that don't have any basis in reality.

UNLESS, what you predict (desire??) is a collapse of the economy and a recession/depression. Even then, I doubt that attempting to tank global oil prices would be enough to cause that.

Huh? Do you deny that supply chain prices are dependent on the cost of energy? And since most of that is currently using fossil fuels, creating cheaper oil by more production would lead to lower prices on virtually everything.

Doesn't seem like "alternative facts"....