Is the American economy from terrorist attack?

Is the American economy in the context of a terrorist attack? Most U.S. economic indicators are down. Consumer confidence is low, gas prices are high, food costs rising, unemployment is on the rise, the value of the dollar declines, mortgage foreclosures are still rising, and basically the economy is a mess. Is this just a normal cycle or something else driving the downturn?

Most of what is happening to the U.S. economy appears to have little meaning, and the turbulenceself-induced. Banks and mortgage companies did not have to raise home interests even though the rates were not fixed. As soon as they saw what was happening, any rational mind would have stopped raising rates and re-evaluated its impact before it got out of control. It benefits no one to have banks foreclosing. Did they think that by doing so there would be thousands of more homebuyers waiting in the wings to scoff up the empty houses?

We all know what is happening to oil prices. Economists tell us that prices are generally driven by factors such as inventories, demand, political unrest, climate, the value of the dollar and speculation. While these are often made excuses to raise prices, can not take up the facts. According to most reports, are the stock in order, effectively shutting down the demand, political disturbances are minimal and the climate has not destroyed in the recent past or stopped too many drilling operations. The dollar is definitely out, partly due to the oil issue, butthe decisive factor seems to be speculation. According to most analysts, it is speculation that id the current rise in oil heats absurd. These same analysts also say that speculation makes little sense and does not appear to be driven under normal conditions of supply and demand. The obvious question is who are these speculators, and they have a hidden agenda?

On the food front, things get worse. Prices by 4% in 2007 and expected to rise at leastanother 4% in 2008. We have seen food riots in countries such as Mexico, India, Italy, Indonesia and Africa. The United Nations is warning of massive food shortages as the ravages of global climate change and reduce the use of food additives as a biofuel strong global supply of food. There are persistent attempts by U.S. truckers stage a nationwide strike on diesel costs, but all crippled deliveries of food to the markets and many on fixed incomes are facing choices between food or medication. Here inMaine, it is quite possible that the lobster fishery, and this summer will be decimated by rising fuel costs.

Given all this negative news we see addressed with little or no public policy at addressing these problems. Record profits uncontrolled oil, food and energy costs are out of control, are a seasonal basis at high risk and yet nothing is done to deal with these problems. Scientists have reported faster-than-expected increases in greenhouse gases and polar iceis melting at unexpected rates. Assuming an active storm season this summer to combine all these factors to further exacerbate an unstable economic situation.

It is clear that things like environmental disasters will be able to change from our immediate capabilities. It seems, however, the economy shooting itself in the leg, and nothing is done to get to the victims, namely the consumer. The fundamental question is who was doing the shooting? Who profits from all theseTurbulence? Who is pulling the strings economic devastation for the economy? There are "economic terrorists" bent on disruption of the global economy?


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