Dondon:

Not criticing at all. Just hopefully pointing out what I see as some of the potential pitfalls this world will present us as we go forward. Rapid escalation in oil could initially start a hyper inflation, along with likely similar inflation in other commodities. In turn, this could rapidly morph into a depressionary deflation.

All I am saying is, a moderate climb out of the current malaise would offer the greatest hope for sustainable gradual improvement in a truly sick world economy. Unfortunately, should a crash occur, the West this time is not in the preferred position to survive without horrific consequences and dislocation. It is the truly economically wounded economies of the West, including, North America and Europe which will suffer the greatest. After all, the developing world has all of their earned surpluses from of our past purchases, of their goods which they can spend to sustain their economies. It is tough for the West to spend accumulated trade defecits.

Please Lord, give us time to heal. And then the good sense to not be so STUPID in the future!

Brian