Here is a chance to win a GO Baby! fabric cutter. Details on Heirlooms By Ashton House blog:
http://heirloomsbyashtonhouse.blogspot.com/2011/07/accuquilt-go-baby-giveaway.html
Friday, July 29, 2011
Wednesday, July 27, 2011
Monday, July 25, 2011
Tell Secretary Vilsack NO!!!
Dear Friend,
I just took action, telling Secretary Vilsack and the USDA to stop letting Big Ag write rules that harm family farmers that grow our local and organic food. It's time that the Obama administration stood up for family farmers and the growing local food movement.
Today the USDA and Big Ag are conspiring to implement a set of rules that favor giant industrial growers while placing small, diversified farms at risk. Known as the National Leafy Green Marketing Agreement, this set of rules was designed by industrial growers to protect their market share while harming their main competition, the growing local and organic food movement. The Leafy Green agreement, drafted by the largest vegetable growers’ lobbyists in an effort to whitewash their growing food safety problems, would implement draconian practices that saddle farmers with one-size-fits-all rules and would drive local and organic farmers out of business with expensive regulations.
Tell Secretary Vilsack that it's time to protect family farmers and stop letting Big Ag write the rules.
http://action.fooddemocracynow.org/sign/leafygreens/?referring_akid=.316027.i2JQ5M&source=taf
I just took action, telling Secretary Vilsack and the USDA to stop letting Big Ag write rules that harm family farmers that grow our local and organic food. It's time that the Obama administration stood up for family farmers and the growing local food movement.
Today the USDA and Big Ag are conspiring to implement a set of rules that favor giant industrial growers while placing small, diversified farms at risk. Known as the National Leafy Green Marketing Agreement, this set of rules was designed by industrial growers to protect their market share while harming their main competition, the growing local and organic food movement. The Leafy Green agreement, drafted by the largest vegetable growers’ lobbyists in an effort to whitewash their growing food safety problems, would implement draconian practices that saddle farmers with one-size-fits-all rules and would drive local and organic farmers out of business with expensive regulations.
Tell Secretary Vilsack that it's time to protect family farmers and stop letting Big Ag write the rules.
http://action.fooddemocracynow.org/sign/leafygreens/?referring_akid=.316027.i2JQ5M&source=taf
Friday, July 22, 2011
Wow it's been a while...
To catch you up - Last Thursday I went out to lunch with my friend Kathy, her daughter and granddaughter. We went to Indian Cafe. The food was great. They use fresh ingredients. The service wasnt so great but we didnt mind. We talked and laughed and I played peek-a-boo with with a sweet little two year old. What more could you ask for? After lunch was finished, we exchanged promises to meet more often maybe even every month for lunch and I headed over to Hobby Lobby. I told myself that I was NOT going to spend over $20 and I didnt! I found some cute things in their clearance section.
It's been so hot here. I know other parts of the country are experiencing this heat wave as well. It has just seemed to linger so long though. I pitted and canned some cherries I got on sale at Publix. We went out several times to the grocery store. Yesterday we went to Falls Mills for some pancake mix. They grind it there and hubby loves his pancakes plus we get a 25 lb bag, store in the freezer and it lasts for a year. Hubby rototilled finally and I planted sweet potatoes and regular potatoes. I might have planted the sweets too late but we will see. I had started them from an organic sweet potatoe I got from the grocery store. To do this, you just cut the potato in half and put it in a small bowl of water. It took a while for the sprouts to start to emerge. You let them grow until they have about two sets of leaves on them and then I just popped them off and put the sprouts in water. They get roots on them pretty quickly. In fact the original sweet potato is still making sprouts! Nature is amazing.
My clothesline finally broke with the clothes on it...:( Luckily it happened while I was hanging clothes up so I just tied a few more knots so the clothes would stay up and then when they were dry, started taking down the rotted lines. I cant complain cause the line lasted over two years. We got another clothesline at Tractor Supply and we started to put it up but it was so blamed hot out that we quit after a few holes were completed. It is so hard to get that clothesline through those holes. Since it is cooler today I might go out with a lighter and singe the end so I can put up the rest of the line.
On the way home from Falls Mills yesterday we stopped at Main Street Diner. It's in a Piggly Wiggly grocery store. Just a little hole in the wall but boy can they make the food. I had a cheeseburger basket and hubby had a BLT with fries. The burger was sooo big! And you got a big side of fries. Good thing we were hungry! Their sweet tea was good too. If the place doesnt have good sweet tea then usually the food isnt very good. I wonder why that is? We stopped at Tractor Supply as well and picked up some oyster shell for the chicks. They didnt have any small bags at Fayetteville but did at the Winchester one. We also picked up a hat for each of us. Hubby's has a flap of material to cover his neck and my straw one had a big brim to do the same. Hubby also picked up an oil pan on sale and a funnel. We really enjoyed getting out from the house for a while and it rained while we were gone! We got 2 1/2 inches. Hubby said if he watered the garden before we left it would rain and it did...maybe we should wash the car someday soon so it will rain again LOL.
I will be taking some pics and posting them later!
Hope you have a wonderful day where ever you are in the world!
Talk to ya later,
Denise
It's been so hot here. I know other parts of the country are experiencing this heat wave as well. It has just seemed to linger so long though. I pitted and canned some cherries I got on sale at Publix. We went out several times to the grocery store. Yesterday we went to Falls Mills for some pancake mix. They grind it there and hubby loves his pancakes plus we get a 25 lb bag, store in the freezer and it lasts for a year. Hubby rototilled finally and I planted sweet potatoes and regular potatoes. I might have planted the sweets too late but we will see. I had started them from an organic sweet potatoe I got from the grocery store. To do this, you just cut the potato in half and put it in a small bowl of water. It took a while for the sprouts to start to emerge. You let them grow until they have about two sets of leaves on them and then I just popped them off and put the sprouts in water. They get roots on them pretty quickly. In fact the original sweet potato is still making sprouts! Nature is amazing.
My clothesline finally broke with the clothes on it...:( Luckily it happened while I was hanging clothes up so I just tied a few more knots so the clothes would stay up and then when they were dry, started taking down the rotted lines. I cant complain cause the line lasted over two years. We got another clothesline at Tractor Supply and we started to put it up but it was so blamed hot out that we quit after a few holes were completed. It is so hard to get that clothesline through those holes. Since it is cooler today I might go out with a lighter and singe the end so I can put up the rest of the line.
On the way home from Falls Mills yesterday we stopped at Main Street Diner. It's in a Piggly Wiggly grocery store. Just a little hole in the wall but boy can they make the food. I had a cheeseburger basket and hubby had a BLT with fries. The burger was sooo big! And you got a big side of fries. Good thing we were hungry! Their sweet tea was good too. If the place doesnt have good sweet tea then usually the food isnt very good. I wonder why that is? We stopped at Tractor Supply as well and picked up some oyster shell for the chicks. They didnt have any small bags at Fayetteville but did at the Winchester one. We also picked up a hat for each of us. Hubby's has a flap of material to cover his neck and my straw one had a big brim to do the same. Hubby also picked up an oil pan on sale and a funnel. We really enjoyed getting out from the house for a while and it rained while we were gone! We got 2 1/2 inches. Hubby said if he watered the garden before we left it would rain and it did...maybe we should wash the car someday soon so it will rain again LOL.
I will be taking some pics and posting them later!
Hope you have a wonderful day where ever you are in the world!
Talk to ya later,
Denise
Wednesday, July 13, 2011
NIA New Email -
Bernanke is Wrong, Gold is Money
Federal Reserve Chairman Ben Bernanke today said that the Federal Reserve is prepared to act with an additional round of quantitative easing if there is any weakening of the U.S. economy and threat of deflation. Bernanke also said that the Fed could act in other ways to stimulate the economy, such as cutting the interest rate that the Fed pays to banks on their $1.5 trillion in excess reserves that they currently keep parked at the Fed. NIA believes this $1.5 trillion alone would multiply into $15 trillion once it circulates through the U.S. economy and if Bernanke on top of that unleashes any additional quantitative easing, it will just about guarantee hyperinflation. Bernanke has made it very clear that he is prepared to print money until the U.S. dollar becomes worthless and the incomes and savings of all U.S. citizens are destroyed.
Ron Paul today asked Bernanke whether or not he watches the price of gold and if he thinks gold is money. Although Bernanke admitted that he does watch the price of gold, Bernanke said that gold is not money, but it is only an asset. Bernanke explained that central banks only hold gold as a "tradition". The truth is, gold has been accepted as money throughout all civilizations over periods of thousands of years. Bernanke doesn't want U.S. citizens to wake up and realize that they can opt-out of the criminal Federal Reserve system if they get rid of their U.S. dollars and store all of their wealth in gold and silver. To see a video of Ron Paul's exchange today with Bernanke, simply visit our blog at: http://inflation.us/blog/2011/07/video-of-ron-paul-asking-bernanke-if-gold-is-money/
The U.S. Constitution defined gold as legal tender and the current fiat currency system we have today where Bernanke can steal from the purchasing power of the poor and middle-class and redistribute this wealth to his banker friends on Wall Street is unconstitutional, immoral, and illegal. The U.S. dollar originally only had purchasing power because it was backed by gold. Today, the U.S. dollar is a fiat currency that is backed by nothing. Any remaining purchasing power the U.S. dollar still has is just an illusion and will soon evaporate due to Bernanke's actions.
In order for an item to function as money, it should be liquid and easily tradable, easily transportable, and durable. It should be divisible into smaller units without destroying its value and should also be fungible, meaning one unit of equal weight must be equivalent to another (which is why diamonds can't be used as money). The item must also be a specific weight, measure, or size, so that it is easy to count. It must be long lasting, durable, and not perishable or subject to decay (which is why food items can't be used as money).
Money must be easily recognizable and most importantly, it must be difficult to counterfeit. The U.S. dollar simply isn't real money because Bernanke has been counterfeiting trillions of dollars out of thin air. Money shouldn't require a mark or image to be valuable, but it should just be valuable based on weight and measure. Gold is valuable based on its weight and measure, and fits all of these other qualities and characteristics as well. Never do people explore shipwrecks hoping to discover U.S. dollars, because dollars that Bernanke can print at will even if they could survive the corrosion of the ocean, simply won't have any purchasing power left by the time explorers can locate them. People explore shipwrecks for gold, because it will last underwater for thousands of years and always retain its value.
When Zimbabwe's President Robert Mugabe ordered their central bank to implement exactly the same monetary policies that Bernanke has been ordered to implement here in the U.S., the Zimbabwe dollar became worthless and Zimbabweans were forced to pan their rivers for gold. Citizens of Zimbabwe who were able to find 0.1 gram of gold after a long hard day's work of shifting through thousands of buckets full of mud, were able to take that 0.1 gram of gold and exchange it for a loaf of bread. Those who were too old or weak to pan for gold simply couldn't afford food and starved to death.
NIA recommends to all U.S. citizens that they read this eHow article about homemade gold panning: http://www.ehow.com/how_7763218_homemade-gold-panning.html This is a skill all Americans will need to have in order to survive hyperinflation. Unfortunately, unlike in Zimbabwe, most gold in U.S. rivers has already been explored for, so Americans might not be as lucky as Zimbabweans.
In order for an asset to be considered money, its supply must be kept scarce. Bernanke has spent a total of $4.7 trillion since the financial crisis of late-2008, which has flooded the world with excess liquidity of U.S. dollars and led to massive inflation in the prices of food and energy, the two items that Americans need most to live and survive. The inflation problems in China are a direct result of their currency peg to the U.S. dollar and willingness to accept the dollars we print in return for the real goods they produce. As soon as the Chinese central bank decides to end their currency peg, China's currency will increase in purchasing power and all of the monetary inflation the U.S. has exported to them will flow back to the U.S. like a giant tsunami.
Ron Paul today pointed out exactly what we said in our last article. Since the last Presidential election about three years ago, the U.S. dollar has lost about half of its purchasing power priced in gold. Although the U.S. government's Bureau of Labor Statistics (BLS) has reported only 2% annual price inflation over the past three years, when you account for how the U.S. government used to calculate price inflation before the implementation of hedonics and quantitative easing, annual price inflation has actually been closer to 9%. Soon when price inflation begins spiraling out of control, Bernanke will be forced to raise the Fed Funds Rate north of 10%, which will cause our interest payments on the national debt to soar to over $1 trillion per year. The U.S. government will then need to immediately end Social Security, Medicare, Medicaid, and all other entitlement programs, to have any chance of survival.
Monday, July 11, 2011
I took a break...
for a couple of days but now I'm baaaaaak! I didnt go on the computer for a whole 2 1/2 days! I went on Friday and got some peaches and cream corn and canned that (see totals on side bar)...we even had a couple of ears for supper that night. It was really good. It was grown just down the road from me. Nothing like local. None of my popcorn came up this year :( Oh well, there's always next year. Sunflowers didnt come up either...but my squash and cukes are all over the place (have a couple of squash peeking out from under the leaves) and we have tomatoes! They're still green but some of them are turning. Still picking blueberries. I ordered some more potatoes (fingerlings this time) and am waiting for DH to rototill up some rows for me. Kinda hard for him to because of the rain we've been getting on and off. Told him I had to plant them this weekend or they'll rot...got sweet potatoes growing on the windowsill and would like to plant them as well. Dont know if we'll get too many, it is kinda late but worth a shot.
It's been so hot and humid. The air is thick....really thick. Chickens have slowed down on the eggs which is a good thing really. We had so many eggs and I have pickled all we will ever need that I had to throw a couple dozen in the compost. At least it isnt wasting them but it still is upsetting. I think for a couple of people 3-4 hens is all you need. We have 8. We ordered 15 but gave some of them away. Cant imagine having all 15 laying can you?
I go out in the morning to pick berries for a half an hour and come back in and that's when the sweat is just dripping off my face. Never used to have that problem. When I was young I didnt sweat too much, my face would get really red but not much sweat. After I had my hysterectomy though something must have broke loose cause now I sweat A LOT. It's good for my pores I guess LOL.
After I canned the corn, I started sewing. I almost have two quilt tops done. Might get to work on them before the weekend and if I get the quilt tops put together I'll post some pics. I'm on the last book (I think) of the Wheel of Time by R. Jordan. He had died but made notes and another author worked on the last two books. If you have never read his books, give it a try. I really like the characters and it's getting really good in the last book. Final battle coming up...
I'm really bored with food this week. Do any of you have any good recipes? Maybe I'm just tired of my cooking.
Talk to ya later!
Denise
It's been so hot and humid. The air is thick....really thick. Chickens have slowed down on the eggs which is a good thing really. We had so many eggs and I have pickled all we will ever need that I had to throw a couple dozen in the compost. At least it isnt wasting them but it still is upsetting. I think for a couple of people 3-4 hens is all you need. We have 8. We ordered 15 but gave some of them away. Cant imagine having all 15 laying can you?
I go out in the morning to pick berries for a half an hour and come back in and that's when the sweat is just dripping off my face. Never used to have that problem. When I was young I didnt sweat too much, my face would get really red but not much sweat. After I had my hysterectomy though something must have broke loose cause now I sweat A LOT. It's good for my pores I guess LOL.
After I canned the corn, I started sewing. I almost have two quilt tops done. Might get to work on them before the weekend and if I get the quilt tops put together I'll post some pics. I'm on the last book (I think) of the Wheel of Time by R. Jordan. He had died but made notes and another author worked on the last two books. If you have never read his books, give it a try. I really like the characters and it's getting really good in the last book. Final battle coming up...
I'm really bored with food this week. Do any of you have any good recipes? Maybe I'm just tired of my cooking.
Talk to ya later!
Denise
Tuesday, July 5, 2011
A few days off...
and I'm tired...:) Had to go back to work just to rest up LOL. Anyway, I went ahead and canned some more, started weaving on my new loom and read. Well of course I did pick blueberries and took care of the cats, chickens and hubby (not necessarily in that order) but I really enjoyed not being at the computer for a few days.
I canned some chicken soup which is a first for me. Took me all day to do it too and that was just for 8 quarts. My pressure canner only holds 4 quarts so had to do half and then do the other half while letting the canner cool down a bit between times. The day before I did that I canned in the water bath some peach salsa and then while those pints were cooling and popping I started canning the corn which was also a first for me. 7 ears of corn made 4 pints, not bad. I'll have to get some more and maybe add some red peppers and green peppers to it just for something a little bit different.
Quite a few neighbors had fireworks this year and they actually quit putting them off before 11 p.m. which was good. Not that I dont like fireworks but when your hubby has to get up the next day to go to work and is kept awake by booming fireworks he's not a happy person :( The neighbors with the most fireworks seemed to be the ones on the dole if you know what I mean...I know we couldnt afford buying that many fireworks on our pay. These arent just sparklers and little smoke bombs but actual big fireworks with different colors and sonic booms. In PA they arent allowed to sell them but down here it is the big thing. Sellers set up tents, little trailers, etc just to sell them. They must make quite a bit on them since they only sell them for about 4-5 months. From what I understand they arent allowed to sell them after Labor Day but they start in June so that's what a little over three months? I dont think you should be allowed to set them off in a subdivision. We are in a drought but officials actually lifted the burn ban...like the fireworks werent going to burn anything down... Anyway the fireworks are loud and really scare the dogs and cats. My cats insisted on going out before dark and when the neighbors started firing them off last night before dark the cats were outside. I called for them but they didnt come. Then I remembered a couple of nights previously they hid behind the waterhose boxes and yep that's where they were. Had to coax them in poor things. Well enough about that.
We went out this morning for breakfast at Jack's. Yum. While we were out we took our glass recyclables to Star Market. They have several barrels there for glass and they also have bins for donating clothing, books and shoes for the paralyzed vets. Have to remember that so I can donate some of my clothes and books.
Well all for now,
Denise
I canned some chicken soup which is a first for me. Took me all day to do it too and that was just for 8 quarts. My pressure canner only holds 4 quarts so had to do half and then do the other half while letting the canner cool down a bit between times. The day before I did that I canned in the water bath some peach salsa and then while those pints were cooling and popping I started canning the corn which was also a first for me. 7 ears of corn made 4 pints, not bad. I'll have to get some more and maybe add some red peppers and green peppers to it just for something a little bit different.
Quite a few neighbors had fireworks this year and they actually quit putting them off before 11 p.m. which was good. Not that I dont like fireworks but when your hubby has to get up the next day to go to work and is kept awake by booming fireworks he's not a happy person :( The neighbors with the most fireworks seemed to be the ones on the dole if you know what I mean...I know we couldnt afford buying that many fireworks on our pay. These arent just sparklers and little smoke bombs but actual big fireworks with different colors and sonic booms. In PA they arent allowed to sell them but down here it is the big thing. Sellers set up tents, little trailers, etc just to sell them. They must make quite a bit on them since they only sell them for about 4-5 months. From what I understand they arent allowed to sell them after Labor Day but they start in June so that's what a little over three months? I dont think you should be allowed to set them off in a subdivision. We are in a drought but officials actually lifted the burn ban...like the fireworks werent going to burn anything down... Anyway the fireworks are loud and really scare the dogs and cats. My cats insisted on going out before dark and when the neighbors started firing them off last night before dark the cats were outside. I called for them but they didnt come. Then I remembered a couple of nights previously they hid behind the waterhose boxes and yep that's where they were. Had to coax them in poor things. Well enough about that.
We went out this morning for breakfast at Jack's. Yum. While we were out we took our glass recyclables to Star Market. They have several barrels there for glass and they also have bins for donating clothing, books and shoes for the paralyzed vets. Have to remember that so I can donate some of my clothes and books.
Well all for now,
Denise
Picture and fabric giveaway
http://loveofquilts.blogspot.com/2011/07/250th-post-giveaway.html
Trish is giving away two pictures/notecards and purple quilting fabric. Go to her blog to sign up for the giveaway and tell her which giveaway you are interested in. And while you're at it, sign up as a follower, she has a great blog!
Denise
Trish is giving away two pictures/notecards and purple quilting fabric. Go to her blog to sign up for the giveaway and tell her which giveaway you are interested in. And while you're at it, sign up as a follower, she has a great blog!
Denise
Friday, July 1, 2011
NIA New Email -
America's Oil Price Inflation Crisis is Yet to Come
NIA is very disturbed by President Obama's decision to sell off oil from the U.S. emergency oil reserve, in an attempt to drive down oil prices. One week ago it was announced that the U.S. and other oil-consuming nations that are a part of the International Energy Agency (IEA) will begin releasing 60 million barrels of oil from their reserves, with 30 million barrels coming from the U.S. government-owned reserve. They hoped that by flooding the market with excess supply, they would cause an artificial forced liquidation of oil futures contract holders who bought using leverage.
NIA is very disturbed by President Obama's decision to sell off oil from the U.S. emergency oil reserve, in an attempt to drive down oil prices. One week ago it was announced that the U.S. and other oil-consuming nations that are a part of the International Energy Agency (IEA) will begin releasing 60 million barrels of oil from their reserves, with 30 million barrels coming from the U.S. government-owned reserve. They hoped that by flooding the market with excess supply, they would cause an artificial forced liquidation of oil futures contract holders who bought using leverage.
The U.S. Strategic Petroleum Reserve is the world's largest government-owned stockpile of emergency crude oil reserves and is maintained by the U.S. Department of Energy (DOE). It holds 727 million barrels of oil reserves at four different sites along the Gulf of Mexico. Considering that the U.S. is releasing 30 million barrels of oil from these reserves, we are reducing the size of our emergency reserve by 4.1%.
After Obama's decision was announced on June 22nd, crude oil prices originally dipped as much as $5.71 per barrel from $95.41 per barrel down to a low of $89.70 per barrel on June 23rd. Oil prices declined slightly more during the next two trading days, reaching a low this past Monday of $89.61 per barrel and closing Monday at $90.61 per barrel. However, oil prices have surged $4.81 during the past three days and are currently $95.42 per barrel. Oil has recovered the entire dip that came after Obama's decision was announced and is now a penny higher than before his announcement. Unlike 2008 when most oil futures contract holders were hedge funds using leverage in an attempt to make short-term profits, today most oil investors are much stronger hands who bought with cash, because the world is now flooded with dollars thanks to Federal Reserve Chairman Ben Bernanke.
It certainly wasn't worth jeopardizing the homeland security of this country by reducing our emergency oil reserve by 4.1%, just to see a $4 reduction in oil prices that lasted for only 3 days. If the White House had any faith whatsoever in Bernanke's assertion that rising oil prices are only transitory, there would be no reason to release 30 million barrels of oil from our emergency reserve. The rising oil prices we have experienced so far is far from an emergency. The emergency will come soon when the world turns its back on the U.S. dollar and we see a rapid decline in its purchasing power. The emergency will be here when the U.S. can no longer import oil from foreigners at any price due to hyperinflation, and we are forced to live with only the oil produced in this country.
At any time that they choose, China has the power to set off in our country the economic equivalent of a nuclear bomb. China can at any time announce that they are no longer going to buy U.S. treasuries, but they are going to take their $2 trillion in U.S. dollar reserves and use them to buy gold. The price of gold would double overnight, with the U.S. dollar immediately losing half of its purchasing power. The yuan would then skyrocket in purchasing power, automatically giving China the world's largest economy with the Chinese GDP soaring past U.S. GDP. There would be a massive rush out of the U.S. dollar with our trading partners unwilling to export any oil to us.
The U.S. currently produces only 5.5 million barrels of oil per day, but consumes about 19.3 million barrels of oil per day, with total input into refineries of 14.7 million barrels of oil per day. This means the U.S. currently needs to import 9.2 million barrels of oil per day. U.S. commercial crude oil stockpiles are currently 359.5 million barrels or enough to last for 24 days without any domestic production. In the event of hyperinflation where the U.S. is cut off from oil imports, if we were forced to live off of our own oil production of 5.5 million barrels of oil per day, our commercial stockpiles would be gone in 39 days.
Without an emergency oil reserve, in the event of a major oil shortage due to hyperinflation, after a period of just 39 days, farmers won't have enough oil to produce food, manufacturing plants won't have enough oil to process and package food, and logistics companies won't have enough oil to get finished food products into our supermarkets. This is why we have an emergency oil reserve, to prevent store shelves from becoming empty in our supermarkets due to a fuel shortage.
It takes 13 days for oil from our emergency reserve to begin entering the market and once it does, the most it can add to the market on a daily basis is 4.4 million barrels of oil. Therefore, in a crisis we must first use only our commercial stockpiles for 13 days, which would cause our commercial reserve to decline down to 239.9 million barrels of oil. Beginning on the 14th day of a crisis, 4.4 million barrels of oil per day can come into the market from our emergency reserve with 4.8 million barrels of oil per day entering the market from our commercial reserve.
After 50 additional days, our commercial reserve will be depleted and all that will be left is 507 million barrels of oil in our emergency reserve. That will give us 115 more days where we can withdraw 4.4 million barrels of oil per day, but the U.S. will be forced to reduce its daily oil consumption by 33% during those 115 days. This is based off of an emergency reserve of 727 million barrels of oil. With Obama this month prematurely releasing 30 million barrels of oil from our emergency reserve, we will actually only have 108 days where the U.S. will be able to consume 2/3 of its normal oil consumption, after 63 days of full oil consumption.
The solution to high oil prices is not more government intervention, but is less government interference in the free market. Instead of trying to manipulate oil prices down using artificial methods that will only last temporarily, the U.S. government should look at the root cause of rising oil prices. Oil is rising due to the U.S. government's deficit spending and the Federal Reserve's willingness to monetize our deficits and debts. If they want to see lower oil prices, the government should start out by eliminating the DOE. The DOE was created in 1977 to make the U.S. less dependent on oil imports. In 1977, we imported 44% of the oil used in U.S. refineries. Today, we import 63% of the oil used in U.S. refineries. Eliminating the DOE would save this country $27 billion annually.
Priced in terms of real money (gold), oil prices haven't been rising at all. The Federal Reserve's QE2, in which it printed $600 billion out of thin air, has created artificial demand for oil. If it wasn't for the Federal Reserve working tirelessly trying to prevent a much needed recession, Americans would be cutting back on oil consumption and oil prices would be declining. If the free market was allowed to operate, falling oil prices would make it easier for Americans to live with the real unemployment rate currently at 22.3%.
It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. Please tell everybody you know to become members of NIA for free immediately at: http://inflation.us
Nothing too new here...
Just same ol' same ol'. This morning I got up at 7 and by 7:30 I had a chicken in the crockpot, one load of laundry washing and some celery drying in the dehydrator. I plan on doing most of my laundry today, making salsa and oh yes getting my typing done for work. Pesky work always seems to get in the way. Why if I didnt have to eat, pay the mortgage, utilities and feed the animals there would be no need for work would there? LOL.
Back to work for me! I have off on the Fourth YAY!! Hope everyone has a wonderful holiday.
Here's the link for more on our Fourth of July holiday here in the States... http://en.wikipedia.org/wiki/Fourth_of_July
Talk to ya later!
Denise
Back to work for me! I have off on the Fourth YAY!! Hope everyone has a wonderful holiday.
Here's the link for more on our Fourth of July holiday here in the States... http://en.wikipedia.org/wiki/Fourth_of_July
Talk to ya later!
Denise
Happy Canada Day!
To all my Canadian followers/readers! I had to look this holiday up cause I wasnt sure what it was. Here is what I found on Wikipedia.
Canada Day (French: Fête du Canada), formerly Dominion Day (French: Le Jour de la Confédération), is the national day of Canada, a federal statutory holiday celebrating the anniversary of the July 1, 1867, enactment of the British North America Act (today called the Constitution Act, 1867), which united three British colonies into a single country, called Canada, within the British Empire.[1][2][3] Originally called Dominion Day, the name was changed in 1982, the year that Canada gained full independence from the United Kingdom. Canada Day observances take place throughout Canada as well as internationally.
Sounds a lot like our Fourth of July celebration, doesnt it?
Canada Day (French: Fête du Canada), formerly Dominion Day (French: Le Jour de la Confédération), is the national day of Canada, a federal statutory holiday celebrating the anniversary of the July 1, 1867, enactment of the British North America Act (today called the Constitution Act, 1867), which united three British colonies into a single country, called Canada, within the British Empire.[1][2][3] Originally called Dominion Day, the name was changed in 1982, the year that Canada gained full independence from the United Kingdom. Canada Day observances take place throughout Canada as well as internationally.
Sounds a lot like our Fourth of July celebration, doesnt it?
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