Finally someone has come up with a plan that will put this country back on a positive financial footing.
Here are the facts! The United States spends billions of dollars for access to foreign oil [When the cost of oil was at its highest the money leaving out country was approximately 700 billion dollars.]. When money leaves our country for whatever reason it is money out of circulation within our borders. That means there is less money that passes hands between the citizens of the United States.
When we import oil from other countries we pay for it with the United States Currency [dollar], and the currency leaves our control. Even though the currency has value, when it leaves our control it is now spent on goods and services through out the world. It is sometimes spent within our borders, by foreign countries, with profits being extracted to the foreign countries from the U.S. As we spend our money for oil that leaves our country, our internal supply of money is depleted, which requires us to print more money and create inflation. As prices go up the cost of oil goes up, and the inflated value of money gets sucked out of our Country, thus creating a vicious economic cycle.
When the money is spent throughout the world the United States is now being forced to prop up a currency that is not benefiting the United States directly, but benefiting the countries that it is being converted in. It gets a little more complicated than this but the fact remains that when the lifeblood of our country is extracted [currency], through the purchase of foreign oil we are forced to run up debt to maintain our country, or print more money.
[Its like having money in a 401k retirement plan that has penalties for early withdrawal, and you need a new car. When your money is tied up you can't use it for needed things you have to borrow to buy a car. You are forced to run up debt to pay your bills. This is the same thing. We have currency in the world but not benefiting the people in the United States. It is locked up in other countries and not benefiting the Federal Government or the People.]
If we were able to keep the money we spend for oil, by producing and using our own oil reserves [Capped oil wells that are not producing.], we would reverse the negative economic trend and keep the money within our borders, which would allow us to then spend it on our own goods and services, which would enable us to get out of debt. When our Country was great we focused on keeping the majority of our wealth within our borders and only imported what we needed. We are not the basis for the global economy!
Mr. T. Boone Pickens has put together a plan to wean us off of foreign oil, and get us back on track, as being a strong and vibrant economy. His plan is to use the oil we already have temporally while we are developing alternative forms of energy. Whether you know it or not the United States has the largest source of natural gas deposits in the world and can replace the internal structure to run on compressed natural gas, [CNG] instead of oil. Many automobiles can convert to compressed natural gas and become more efficient with a dramatic reduction in price per gallon.
Mr. Pickens plan calls for wind driven electricity and other alternative sources of energy. He has a plan and needs millions of people to sign on to the plan so he can get the attention of the bureaucrats in Washington to make it happen. If you are interested you should go to www.PickensPlan.com and sign up. There is a huge community that has come together. There is an enormous amount of information to teach you about this problem and how to solve it.
When I first heard about this program I thought that it was a bunch of "tree huggers" that were just trying to persuade people to join their cause. But as a result of this current economic crisis it is evident that we need to get this country out of debt. We need to become strong in the world again and get rid of the people in Washington who just want to create more problems. I finally realized that getting off foreign oil is the only way to get our country out of debt and back to the powerful country that we once were. We will be able to create over 5,000,000 energy green jobs and use the internal wealth to rebuild our depleting infrastructure in our Country that has been decaying over the years. We have the solution, now we need the people to join in and not be complacent.
Please go to www.PickensPlan.com and join this cause to save America.
Thanks for reading
Dr. Raymond Jewell, Economic Advisor
www.FinancialFreedomRadio.info
--Dr. Raymond Jewell
610-637-4884
Skype: rbjewell
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