Friday, May 23, 2008
Quote of the Day -- Here's Peter Schiff, president of money manager Euro Pacific Capital, on what we have to look forward to in the weeks, months and years ahead.
"Our whole phony standard of living is imploding. We have borrowed and spent ourselves into oblivion."You can read much more about the price at the pump is just the beginning of the pain in an article at Reuters.com called "Think Oil Prices Hurt Now? Just Wait."
Labels: end of the world watch
// posted by Alan David Doane @ 5:03 AM [LINK TO THIS]
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4 Comments:
I've long thought that consumerism was not only unsustainable but also antithetical to core Christian values. Of course we all (certainly myself included) can get sucked up in wanting the new toy and insisting we "need" it.
Alan,
What are YOU going to do when gas prices go even higher?
I guess I'll have to give my wife a couple bucks toward the gas it takes for her to drive me to work in the morning. I don't drive, myself, except occasionally on the weekends.
I definitely don't take any joy in the situation, especially since everything from the food we all eat to the comics we love will all go up in price to pay for their delivery via trucks...
Yeah,we're paying $3.73 a gallon here in LA right now and despise it vehemently!
This is just ridiculous!
Whoever the next president is is going to have a job on their hands with the gasoline issue. Let's see what they can do with it.
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