Sure, GS will cash in royally with some game they create to spike oil again, if in the next year or two, perhaps over $200/bbl, and then crash the financial system again and put the remaining pieces in their pockets. Or if four or five years out, I could see their game shooting oil past $300 easily enough, as the dollar devaluation and the demand vs. supply curve will have it resting at $125-150 anyway.
Poor people running around with their $700/month in technology subscriptions (satellite, iPod, Rhapsody, iTunes, online gaming, home broadband, G4 phones, payments for big screen TVs, netflix, TiVo etc.) will wonder just how on earth POOR people survived in the last depression if they had to give up say their iPhones.
BTW, I pulled that $700/mo number off NPR two weeks ago when they interviewed a bunch of twenty-somethings on what they spent on technology per month, and that was the average (unscientific survey of course). And to a person, all those bills were for absolute necessities <g>
Clearly, our population has known very little hunger among the massives, er, masses. |
