#krisonomics by Ektrit Kris

http://www.reuters.com/article/2011/08/12/oil-economy-idAFL6E7J42KO20110812 MY RULE OF THUMB: THE MOMENT CRUDE OIL GOES ABOVE $80/BARRELL, ECONOMY STARTS SHRINKING DUE TO ENERGY STARVATION. Reuters article from August 2011: Meaningful Quotes: * Oil cost relative to GDP well above affordable level * Oil price x consumption / GDP "critical" above 5 pct * Previous breaches of 4.5 pct have brought recession * Oil prices must fall far, fast -- and then stay low "There is still a chance that oil prices will go down very significantly, and that could be a strong support to the economy. But if prices stay near $110 per barrel until the end of the year, we will have a major problem by the start of 2012," he said. "We either get sharply lower prices or a recession that will bring down prices. Either way, oil prices must come down."

taxes or subsidies for middle class and power simply redistribute consumption goods between them, nothing to do with the rich gov does that subsidies for rich are re-distribution of assets among rich, otherwise called civil war or outright war stock and flow rich own assets that produces flow people own money that consumes the flow rich may own 80% of all wealth, but do NOT consume its FLOW, they simply CONTROL it no such thing as poor or middle class subsidize the rich it's one rich expropriating the other rich. rich CONTROL the assets (STOCK) that produce the FLOW of goods/services which is monetized by the banks via credit/debt rich do NOT care about money, rich care about productive assets, money is to regulate consumption