Space Race: US gets left behind? ‘Those Who Out Teach Us, Out Compete Us,’ Obama (Video)

While McCain wants to make war – and get bogged down attempting to extract oil out of some remote/hostile corner of the earth – the future is in technology.

It would be a bad dream if we looked out at our future 50 -100 years from now and see ourselves still using oil in the same way – we have already got working models of new propulsion systems that could be used to drive a car – such as the magnetic rotary motor / and electric battery drive vehicles. And once we start to look into the problem of energy creation – it is no telling what we will come up with.

On the campaign trail Obama often says ‘Those who out teach us, will out compete us.’ I don’t think McCain really grasps that – he has surrounded himself with lobbyist – but what he don’t understand is that we can’t afford to play those same old games.

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CNN’s Glenn Beck’s Backward Looking View on the Economy and Energy (Video)

CNN’s Glenn Beck: A new poll says CEOs across America fear the consequences of an Obama presidency by a margin of four to one.

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Under Obama 5% of Americans will see their taxes go up by 3%. And only those earnings over $250,000 – which is hardly a Marxist concept as Beck suggests! We could almost call it trickle down wealth sharing. We have just had 8 years of trickle-down economics – where more and more is given to the wealthiest – and it has only left the middle class worst off. Few can argue with this.
Glenn Beck oddly never mentions the biggest socialist financial sector bailout in history. And how these same CEO benefited from the sharing out of the American people’s wealth/money – to the tune of $700bn plus. Happy to take the US taxpayers money when it suits them.

A shameful attack on Obama – and his plans for the country’s middle class and for green jobs.

The guest mentions drilling in ANWR – no talk of green energy and ET or energy technology that if we don’t move on – like the car industry – we will be left at a disadvantage and behind countries like Japan who are already moving on it.

Sounds like more of the same – whale oil lamp industry against the electric light bulb. Of course the oil lamp industry men were afraid or were ‘fearful’ – real change scares people. But the days of not developing because the few are scared – are over.

Out of this trickle down Big Oil skewed economy – we have seen a failing car industry, banking industry, a home mortgage crisis – with the only industry emerging with record profits is the Big Oil industry. The tail is wagging the dog.

Have a look at the videos below to have a look at the new technology and where we could be going in the future.

Watch how the electric car performs against the Ferrari and Porsche:

Proving that green is clever – watch this magnetic motor hybrid motorbike in action (Japan):

Here’s a magnetic motor car – a DIY garage version. How many inventions are lingering in people’s garages/basements/garden sheds:

I think we can survive pretty good without Drill Baby Drilling in ANWR ~ It’s time for Change!

U.S. Financial Quake Rocks Asia

Men in Tokyo look at an electronic board displaying share price movements on Oct. 6, the day that Japan's Nikkei share average sank to a four-and-a-half-year closing low

For the most part, Asian banks have remained unscathed and economies relatively robust compared with other parts of the world. But tumbling Asian stock markets, marked on Monday by near-panic selling, is signaling just how little confidence there is among bankers and investors that the $700 billion bailout of U.S. banks will end the financial crisis.

Instead, worries are growing that a severe economic downturn in the U.S. and Europe could hurt export-driven Asian economies more than originally thought. Turmoil in Europe as governments scramble to cobble together their own bailout packages has convinced Asia that the contagion will spread far from Wall Street. “We felt pretty good that our economies are stronger,” says Song Seng Wun, an economist at CIMB-GK Research in Singapore. “Problems seemed to be other people’s problems.” But recent events “have made us realize that we aren’t entirely safe. It looks like the problem might be closer to home.”

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That’s because credit markets, which affect the ability of businesses and governments to borrow to fund day-to-day operations, continue to tighten in Asia as banks become more nervous about lending. In Hong Kong, the one-month interbank lending rate has doubled in the past month to 4%. Central banks are trying to pump liquidity into financial markets to avert a credit crunch. India on Monday cut the amount of cash that banks must deposit with the central bank in an attempt to loosen credit. “Credit markets are quite global,” says Kirby Daley, senior strategist at financial services firm Newedge Group in Hong Kong. “It is inescapable, if the credit crisis continues to worsen, that Asia must be affected.”

Source: TIME