I strongly oppose the Federal Reserve Board cutting interest rates any further at this time. It should save a few bullets for when the economy, statisticlly speaking, is actually in a recession, or worse.

As it is, the Fed appears to be threatening to pour gasoline onto the fire, as far as oil prices are concerned.

At present, the smoke is very heavy, and the mirrors are spinning mindlessly as government officials desperately attempt to blow new life into the burst housing bubble.

During the past 20 years, the government gave away the country’s manufacturing (tax) base and, more recently, was relying heavily on the housing boom to provide lubrication for the white-hot printing presses to prolong the government’s irresonsible and corrupt existence.

The Fed is counting on the central banks of Europe to play ball and lower their rates to keep the dollar from becoming more worthless. But Europeans remember what inflation can do. And they remember cities being mercilessly firebombed, with 40 million to 50 million people being killed during World War II.

I’m counting on them to have the will to resist our politicians’ pathetic attempt to maintain a hold on power.

From an historical viewpoint, it should be interesting to see how it all plays out.

Andy Bennett, Buckfield