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Re: Gas prices to take 10 million cars off the road: report
Quote:
Originally Posted by nikivee
The US economy would crash at $7 per gallon. Scare tactics is what this is. I'm betting oil prices will crash after September.
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The US has crashed, it is only a matter of when the full effects of that crash will be evident. Hell even Richard Cheney (apparently you cannot type d i c k on these boards) bought a house in Dubai and sold off all of his dollars for Euros as he knows the economy is going to hell in a hand basket and their the ones that caused it. Just before the depression many politicos and media heads exited the market and bought gold/real estate etc. because they knew **** was going to hit the fan. I mean come on, with 60 trillion dollars in future entitlements in a 14.3 trillion dollar economy... you know that is not good news.
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"In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them." -- Frédéric Bastiat
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