ECONOMIC REALITY..... has arrived......

It seems to me that the Chinese and just about everybody else have the ability to use oil *more efficiently* than the US of A. This means they can bid a higher price for it than we can. That's --->economic CHECKMATE!


Not only can they bid more they've already got most of our money, trillions setting there waiting to buy more contracts. The part of "the dollar is redeemable in oil" that we just didn't get was the part about *when* it is redeemed for oil the price of oil goes sky high.

Unfortunatly for (the) US money really does work the way money is supposed to work....it measures and meads out value. We got the value (and blew it) now we have to pay the money. No way out.