I wonder what will happen now that the election is secured and the conservatives have won? The economy won’t be able to withstand the Iranian oil bourse coupled with an exit from the dollar by China. If/when, that happens, this will be the beginning of an incredibly painful correction in the American way of life.

The dollar has now fallen this year by more than 10 per cent against the euro and 12 per cent against sterling. Some economists suggest the greenback has further to slide given a weak economic outlook in the US, and the prospect of interest rate cuts there next year. These concerns were heightened by comments from Wu Xiaoling, deputy governor of the People’s Bank of China, indicating her unease at the rapid build-up of $1,000bn of reserves in China. She said Asian foreign exchange reserves were at risk from the dollar’s fall, although she stopped short of indicating that China was about to stop adding to its pile of reserves.>>

I have been sitting in trees along the Cumberland for the past couple of days; between the deer and the shine I’ve had time to think. With all the election hype going around its been hard to get a look at real indicators. With Iran shifting to petro-euros and China looking for oil in Nigeria, gold being artificially suppressed and housing falling off a cliff, I’m not sure how much more the economy can take before we hit a recession (well actually we are already in a depression – technically). There are some things that disturb the mental geography. There are several questions I would like to ask: How do we re-establish the vote? How do we insure that the votes are counted and are representative of the will of the people? How do we hold the occupants of office responsible to “our” “will” without a reliable voting mechanism? What does it mean to pursue politics without the power of the vote? How long will we insist on maintaining the illusion that the current representatives are accountable to the people they claim to represent? Will we address the consequences of our domestic and foreign policy being driven primarily by profit motive? Will we continue to accept the erosion of our civil liberties?