All the signs are coming clear and worse, peak oil is near

Suddenly it has hit home. The big news is oil. I went back to see when I first mentioned the phrase PEAK OIL, and discovered that it was way back in 2003: five years ago. So the event should not be a surprise, yet, it hurts, and will keep on hurting from here to eternity.

While scanning my old columns, I also saw that I had predicted the housing horror in the USA some four years before it hit: another nail in the capitalistic coffin. It now looks more and more likely, as I predicted last March that the US economy will collapse in September, a mere three months from now.


When in panic, start a war. Bomb Iran. I am afraid that this will be the Bush response. And panic it is. The stock market lost some 400 points last Friday, while oil jumped to $138 per barrel.

Already we see chain stores closing, credit tightening, economic conditions worsening. The American government is broke, so the administration proposes to cut taxes. The people are broke(r). Cutting taxes for the rich started this race toward economic disaster, that and the two wars the USA is fighting and losing, while making moves to start a third.

Thanks to the USA the world is in a real pickle. Oil will only go up, tightening the noose around the consumers neck even more. The majority of Americans, having lost their home equity, are now maxing out their credit cards paying 20 percent interest in the process-just to get food on the table.

Belleville Intelligencer