On CNBC, the Oil Co.'s in the US have already said, " a recession in the US will not effect them on price, India & China are in an industrial revolution and they will pay whatever price as they demand it...the same goes for food. They want to correlate the price of oil to the Euro and get away from the dollar as the value unwinds.
As the World picks up pace and in some ways passes the US, they want the same things you do and "He who holds the purse strings is BOSS"
Don't worry about the effect of buying foreign products and the result to the American economy, financial advisors are recommending 30 to 40% of investments should be in foreign market to keep pace with inflation/an offset the recession.
I said a good while ago, "pull in your horns and hold on", you now compete with the world, this is global one world economy coming on and we may not be the ones beating the drum...
The only thing that hasn't went up around here is "road kill" and the hounds are still eatting well...
The problem now is, getting the wife back in a conservation type mindset and the kids, oh the poor kids, they've never seen or had to deal with anything like this. Will surely be the cruelest of times and no doubt some type of support group will have to be set up for counseling. To them, they will surely be able to talk about the "good ole days" to their children...
