We are in an economic crisis. But don’t panic, there are always good things that come out of crises. It’s all a matter of being aware, being ready, and being educated.
Our economy, put simply, really sucks right now. But the United States is not alone. Other countries are facing the same pain. There are several factors that have had a hand in the decline.
Here is a simplified example:
A country has good currency and a strong economy. It sees a population growth and economic growth. More programs are implemented (public works, healthcare, public housing assistance, welfare, Social Security, Medicare, Workman’s Comp., etc.), aiding in influence in economic issues and politics…and then the money and influence gets channeled into a huge military fund/presence. The military is then utilized, and enormous expenditures occur (funding wars). This transfer of money, or wealth, is the cause of economic pain for most of the population, and results in inflation and the declining value of the dollar.
Here are the main reasons for our economic state today:
1. Housing Bubble
2. Record amounts of debt
If you look at history about 100 years ago, when the big oil boom started, that is when the economy surged and the population started seeing an increase. And, when you think about it, almost everything you have is the result of oil. Clothing, food, homes, vehicles, transportation, electronics, household goods – all are/were dependent on oil, either in the manufacturing of those goods or the transportation used in getting those goods to you.
The United States uses 25% of the world’s daily oil supply, and imports 70% of that. (forestecologynetwork.org)
Oil is not a renewable resource, and it is a DECLINING resource. Easy, cheap oil is on the decline. Countries are seeing a decline in oil extraction, and there is a rush to find either new oil fields or alternate sources of energy. Again, at this point, it is the EASY, CHEAP oil that is on the decline.
Global oil production is declining at 8-10% per year. And what does this mean? Higher prices. For EVERYTHING.
Now, this is not the end of the world as we know it. There IS a solution, and that solution is HEMP.
Hemp does everything that petroleum does, AND BETTER!
Extracting fossil fuels are harmful to the environment and to human health. Petroleum extracting and processing is a chemical-intensive, expensive process. Hemp oil for fuel is simply a matter of growing, harvesting, and processing.
Petroleum-based plastics are not biodegradable. Hemp-based plastics are recyclable and biodegradable.
Fuel for transportation can be replaced with hemp-based biofuels. Hemp fuel is clean, efficient, and…if it spills it does not harm the environment, it is more like a fertilizer.
Everything, EVERYTHING, that petroleum does, hemp does. So, why are we feeling this pain from fossil fuels?
Why are we not allowing our farmers to grow hemp? Well, we know the reasons – big oil, pharma, timber, and chemical companies do not want to lose their investment dollars; the military – using OUR dollars to fund wars, some of which have to do with…yes, you guessed it…OIL.
What would happen if in the next few years we, in the U.S., farmed hemp on a large scale? We would have no more independence on foreign oil, we certainly wouldn’t need so much money spent on the military, we would have a clean, safe alternative, and every single factor in our lives when it comes to food, clothing, health, transportation, housing, etc. – it would all be thanks to HEMP. Our economy would start to heal. The government wouldn’t need to print new money, causing more debt (which, by the way, is NOT the answer to reviving a sucky economy).
So, what do we do now? We keep speaking, we keep educating, we work toward legalizing industrial hemp farming in the U.S. We put our energy into doing everything we can to rid ourselves of dependence on foreign and domestic fossil fuels. Will this happen overnight? No. Of course not. But we can begin taking steps NOW to take us in that direction.
Becca Wolford, Contributing Writer