Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Wednesday, April 23, 2008

Problems caused by the low US dollar

The major problem is that everything is getting more expensive.

As the US dollar is dropping, the main supplier of goods into the US, China, has realized that the profits are not worth it anymore. China has begun to stop its import into the US, causing the rise in products. Everyday groceries have risen in price, and it is not due to shortages. There is plenty of food, but because China does not wish to import it, the prices will go up. As the dollar drops, the economy of the US will also fall. As neighbours, Canada will also feel the emptiness in our wallets.

It is impossible to live in Vancouver and not notice the price of oil. 10 years ago, oil stood on the stock market at $15.35 per barrel, now in 2008 it has reached peaks of $120 a barrel. This is not due to a lack of oil in the world either. Today in the world, there is more oil than there has ever been. The rise in prices is due to the falling of the US dollar, and also due to crisis's overseas in the nations that control most of the oil. OPEC has discussed dropping the US greenback for the Euro, which will allow the prices of oil to drop. Perhaps one day this will happen, as it is become more and more obvious that the United States of America is falling into a recession.

In the words of Henry Kissinger, former US Secretary of State, "Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world." So who controls the money in the world?

Isn't it always up to us?

So after that Darfur presentation today, it seems that many people do not know what is happening in the world. Darfur has been going on for a few years now, but although not much attention has been paid to that particular place, it is because international leaders have their eyes focussed elsewhere. Skillful magicians are able to divert the eyes of the audience, so that they are able to perform their "magic" without the audience noticing. Just like magicians the authorities are able to divert major attention to the important things by distracting the public. The U.S is considered to be one of the major superpowers in the world, yet its leader, if you can even call him that, states that "outside forces that tend to divide people up inside their country are unbelievably counterproductive." That was the reason George W. Bush provided on what he would not send troops into Darfur. Hmmmmm, makes one wonder why he is in Iraq...Is it for the weapons of mass destruction that were never found, and proven to have not existed? Or is it for the oil? You can decide. What a coincidence, Sudan sits on top of a lake of oil. Along with barrels of oil, it contains a vast number of minerals. The only thing that any government wants is to obtain a piece of that oil, so that they will be able to sell it.

People die everywhere else in Africa, yet it is not made a big deal. In the Congo up to 3 million people are dead after 6 years of conflict. Why aren't we helping the people there instead? Everything is focussed on Darfur because it contains oil and minerals, something all nations want.

So it seems that the cry is for YOU to do something about the genocide in Darfur. But what really can we do, when in Canada, we have nothing. Just this week, a Chinese tanker carrying a shipment of weapons traveling to Africa was went back. Those familiar with Rwanda may know that the Rwandan government bought $750,000 worth of machetes from China. That was enough machetes for every third man in Rwanda. If that Chinese tanker had successfully unloaded the weapons, there could very well have been another war in Africa.

My point is that when superpowers such as China, and the US want something, there isn't much to be done to stop them. My opinion on this matter is to just let things run its course, and soon it will eventually end. Survival of the fittest.