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Invest in something tangible – like a gas line

Posted: November 29, 2012 - 5:15pm  |  Updated: November 30, 2012 - 9:59am

Alaskans have about $40 billion invested in our Permanent Fund. Dollars invested in businesses and nations throughout the world. Most believe dollars are wealth. In the end, dollars are only a tool used to help the people, prosper. Our dollars, created by the private Federal Reserve Bank are accepted around the globe. They are backed, by nothing more than the “good faith and credit” of the American people.

One day, the people of the world will no longer accept our dollars, simply on “good faith and credit.” What happens to our Permanent Fund then? Do we actually own some tangible assets?

For decades now, Alaskans have begged our politicians to build an All-Alaska Gas-line. Every election season we hear the politicians tickle our ears, for hope, of a Gas-line. After their election we see no public campaigning for an All-Alaska Gas-line, by those we elect. Only defeated proposals and delays.

It is time for the people to rattle our shackles of containment. Dollars have no intrinsic value. We need to take some of our dollars, out of the Permanent Fund, and invest it into infrastructure projects. Real assets with value to all people of Alaska.

With the dollars loss, as the worlds reserve currency, will come the collapse of our Permanent Fund. Taking dollars and turning them into an asset like the All-Alaska Gas-line will protect our investments for future generations, regardless of what happens to the all-mighty dollar.

We know what the politicians will do, delay, delay, delay. Will we demand an All-Alaska Gas-line as the previous generation did regarding our All-Alaska Oil-line?

We must recognize, true wealth of a nation is not in dollars but our productive capacity as a people. Let’s turn some of our dollars into something of true value, a tangible asset we can sink our teeth into.

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the_postman 12/02/12 - 12:03 am
Ray, you're absolutely right!

Our government will monetize our national debt, meaning that our currency will lose value like mad. Why is our permanent fund being invested in projects down in America when we can invest that money in-state in a project that will ultimately turn a handsome profit and provide us with much-needed energy security? This seems like a no-brainer to me. Wally Hickel used to promote the notion of Alaska being an owner-state where we take control of our own resources and hence, our destiny. He'd be happy to see this project kick off. Good job, Ray!

BigRedDog 12/02/12 - 05:46 am
What does afford mean

Just because we have this huge 40 billion dollar fund, (even though it's only Dollars); doesn't mean we can do stupid things! The cost of this pipeline in the SKY will be right up there in the wild blue yonder. The only thing that truely justifies this much cost would be a pipeline capable of carrying enough gas to market world wide. So I guess you'd need a market, and Japan has said straight up want your Gas! It's unclear if Japan is willing to finance this line while recovering from their tidal wave disaster. Gas producers all around the Pacific Rim are rushing to meet that need.
Though it would be comforting to Alaska to have that gas available to South central and ALL the jobs of building another Pipeline. The reality of a pipeline only large enough to meet our regional needs would dictate huge cost to pay for that line. 800 miles of pipe and pipeline doesn't just grow on trees. The cost of pipelines is usually covered by the value of the product transported. If this line isn't large enough it can't posibly carry enough gas to pay it's own way. So you want that we should allow a STUPID idea to go forth just to meet your desires without regard to the real expense invovled? Have you gone Democratic in gaga land? All the rational listed above is totally miopic and focussed only on politisicing some pie in the SKY pipeline. The Lord let there be another Pipeline prayer said by all who missed or squandered the earnings of the first. Until we have a marketable quanity sized line we will eat the difference in cost, is that what you really want? Answer that first and then what about further developement and exploration of this area in Cook Inlet? Do we stop looking here and build the Big Pipeline In The Sky (BPITS)? The Road to Bristol Bay should be the NEXT focus for Alaska's future.

RaySouthwell 12/02/12 - 09:11 am
Big Red Dog

Big Red dog,
Two years ago we had two Gubernatorial candidates address the issue about a gas-line. Parnell and Walker.

Parnell wanted a line to the lower 48 and Walker wanted a large line to Valdez.

Parnell now acknowledges the Pacific rim needs for Natural Gas. I think he has abandoned his pipe dream to the lower 48.

Walker is an expert on our fossil fuels. The Permanent fund strives for a 5% return on dollars invested. Walker assured me any investment in the large volume gas-line will return more than 5%.

At the time it was estimated a large volume line would cost 40 Billion. Where will the money come from? If Alaskans invested $5 Billion others would recognize our commitment to get the job done and other money will follow.

The postman above is concerned about our Federal Governments behavior. Created money, at the federal level, is going for speculative investments and inflationary processes. Little to none is going to infrastructure.

Alaskans need to take the step and build our own infrastructure projects. Susitna-Watana hydroelectric project is one such infrastructure that will bring more stable energy costs for the next 100 years. A large volume gas-line will do the same for us.

If we build it they will come.

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