It Is All About Being A "Money" Importer

Discussion in 'Economics' started by libertad, Sep 1, 2008.

  1. The major issue at hand is transition time and keeping the money within the US with respect to energy.....

    The transition time differs greatly.... could be 20 years apart, etc...for...

    Algae
    Batteries
    Wind
    Nat Gas
    More oil
    Ethanols
    Solar
    Hydrogen
    Other alternatives

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    $700 Billion leaving the US means a lot more than $700 Billion
    leaving the US....

    Time means money.....A $1 in savings in the US is not a $1.....When a $1 is deposited in a bank, it is levered multiple times....Thus when $700 Billion leaves, several $Trillion in US Buying Power leaves.....If the transition time to some form of relief takes 10 years, then what actually leaves is several $Trillion each year.....

    What would the US be like if it lost $70 Trillion in buying power in less than 10 years? Given the negative baby boomer demographics, amongst other impending issues ?
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    Since time is of the essence......and if there are known solutions that are not as ideal as other solutions, however the solutions at hand will stop the bleeding such that the patient does not die, they should be utilized.....

    If this means nat gas to first replace heavy weight transportation, namely big trucks.....in the name of more stable supplies and thus a more stable economy, this is a good thing.....

    Second should be cars, etc...
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    Where the US needs to go is to be an energy exporter.....not an energy importer......

    Whatever it takes, this is where the US must go.......
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    The bleeding of big money must be stopped, period.....
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    You know the name of this money issue has the label oil.....but money is money....the economy is the economy........Money of this magnitude leaving the US must be rectified....no matter what its label.....
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    I should think that a prospective loss of more than $70 Trillion deserves "Emergency" status from the US government.....