The price of a barrel of oil exceeded $100 today!
Unrest in oil producing countries, including Iraq, the previous #2 supplier to the U.S., has pushed crude through the ceiling with no relief in sight!
Not talked about is the effect on the people of the world who can least afford to pay for trickle down affects of Bush’s war, and high world oil prices. This is the people of the Caribbean who have little to do with any of the causes. The prices of imported food and goods has, and is, rising at a record pace. Unfortunately many of the Caribbean countries use Eastern Caribbean currency for trade. The EC dollar was tied to the dollar years ago when the U.S. was a morally and economically responsible member of nations. So the “double whammy” is on now, declining purchasing power, price inflation and supply scarcity.
Since most of the Caribbean nations are also beholden to the world bankers (U.S. led) through debt, and in their own muddle of fiscal disaster, all this falls on people who can least afford it…. the poor Caribbeans!
The scramble for food is on now, and is getting worse. Shortages abound for crops grown in the Caribbean. This is forcing populations of countries like Antigua, to buy goods from the supermarket at inflated prices. No end is in sight, and with the declining U.S. dollar, the future is at best very bleak. As they say, “you ain’t seen nothing yet”!
