Dear Friends, Peace and Love,
Thousands of years ago there was ONE most powerful
country in the world, which was ruled by a dynasty of
despots known as the Pharaohs. One fine day their savage
rule came to an end engineered by a simple man, a shepherd
with nothing in his hand but a piece of wood.
That scenario has been projected to our century with the
evolution of ONE most powerful nation in the world â the
United Sates of America - ruled by the most savage dynasty
of the world â the Bushs. The savagery transferred from
father to son, in the same way as Pharaohs did centuries ago.
All sins must be atoned and redeemed, all crimes must be
punished and recompensed, all savagery expiated. This
most vicious despot, brutally massacring our humanity, is
in trouble today as was the despot thousands of years ago.
Are we seeing the end of the Pharaohnic (or precisely,
Bushionic) tyranny in the world unleashed by the US and
its virulent vermin President? Is Hurricane Katrina going to
be the female versio of the Moses of long time ago? One
thing is clear â âMosesâ Katrina will have a devastating
effect on the economy of US. The nation used to sensual
comfort, obscene materialism and all this come cheap at
rock bottom cost, will not be able to bear the sudden loss
of their bodily, fleshly, temporal comfort and pleasures.
The Humpty Dumpty is soon going to have a great
fall â the fath ugly nation of false pride and treachery
will soon come tumbling down - and the Kingâs men
will not be able to put the pieces together!!
So, what are the signs of the fall of Humpty Dumpty?
To start with the US is going to experience a slow GDP
growth by 0.5 per cent. Reuters report that the costlier
fuel prices and damage to businesses following Hurricane
Katrina could slow U.S. economic growth by around a
half-percentage point over the rest of the year, Treasury
Secretary John Snow said on Tuesday. The US federal
government could spend as much as $200 billion caring
for the victims of Hurricane Katrina and rebuilding from
its devastation.
Is this the beginning of an end? The economic effects
of Hurricane Katrina, like the human costs, are hard to
predict. But the disaster is already putting upward pressure
on oil prices at a time of strong demand, tight supply
and refining bottlenecks. These are not the only effects
that will reach beyond the flooded streets in time and
space. Economists are already hard at work, rewriting
their forecasts to account for the toll that Katrina may
yet take on the nationâs economy. The affected areaâs
ports move a large fraction of Americaâs importsâincluding
critical oil and gas suppliesâas well as roughly half its
grain exports. Action Economics, a market-analysis firm,
has already nudged its forecast for GDP growth down
to 4.4% from 4.6%, at an annualised rate, for the current
(third) quarter.
The Gulf of Mexico provides about a tenth of all the crude
oil consumed in America; and almost half of the petrol
produced in the country comes from refineries in the
states along the Gulf's shores. A greater percantage of the
region's natural gas production, and almost 80% of oil output,
is still shut down. The Department of Energy reported last
Thursday that ten refineries, processing 1.9m barrels per
day, were out of action. This is bad news considering
that refineries had been running flat out in recent months
to keep up with high demand.
$70 oil and petrol futures at double the level of a year
ago raise the possibility of lingering economic effects,
particularly if the regionâs oil infrastructure takes months
to get back online. With consumers stretched thin
and interest rates rising, a prolonged period of high
petrol prices might well force households to retrench,
because the pleasure-seeking Americans cannot live
without cars.
Experts had calculated that every one-cent rise in the
price of a gallon of petrol takes $1.3 billion out of
consumersâ pockets, which could trim as much as a
full percentage point off consumer spending this winter.
Speculation is growing that the Federal Reserve will
halt its steady tightening of the money supply at its
next meeting, on September 20th.
Already there are calls for policy changes to fix the
flaws in Americaâs energy infrastructure exposed by
âMosesâ Katrina: its tight refining capacity, its
dependence on offshore drilling in the hurricane-prone
Gulf, its love affair with big, inefficient cars. The
Senate committee on energy held a hearing on Tuesday
to explore some of these issues.
But oil and gas are not the only industries to be affected.
While construction companies and their suppliers are no
doubt gearing up for a bumper season when the waters
recede, agricultural exporters are busy looking for alternative
shipping routes if Gulf ports do not re-open soon. Particularly
hard-hit will be the corn harvest, which started last week, but
all farmers will suffer from higher energy prices. Insurers, of
course, will take a nasty hit to earnings from claims that may
run as high as $25 billion. And the combination of cancelled
flights and higher jet fuel prices threatens to push more
airlines into bankruptcy.
We are going to witness the end of Americasâ love affair
with large cars, casinos, pleasure houses, weapons of mass
destruction, their senseless adventures in space, their
dangeous testing of killer devices at their countless bases
all over the world, including Diego Garcia in the Indian
Ocean. American will have a sudden fall in their status
and living standards. They will not be able to stomach
such a lowering of their sensual life, pleasure of the flesh,
especially, the white godless Americans. The
African-Americans, Hispanics and Asians are born
in poverty, they know what poverty is, they appreciate
what poor living entail and they will come out of this
sudden change in their status completely unscathed,
hopefully..
Civilised World Must Unite Against Savagery, Dr Homi Wadia
Click here to donate to the Hurricane Katrina relief effort.
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Please let us stay on topic and be civil.
OM
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