It seems it’s all economic news all the time these days at the Daily Rational.

Our latest story brings us into a very private meeting that became very public this weekend. As leaders from the OPEC nations met this weekend they were unknowingly broadcasting their private words to news organizations around the world.

The topic of their discussions was the dollar. The dollar is the currency that all oil transactions are currently conducted in. A large chunk of the dollars in circulation are tied up in oil sales. Were OPEC to suddenly decide to conduct their business in Euros, for instance, the result would likely be sudden drastic inflation as vast numbers of dollars are suddenly put back in circulation.

Every political candidate who hopes to lead this country ought to be explaining to the nation how they would handle this looming crisis.

Not everyone is making it rich on Wall Street these days. Sure, Goldman Sachs is doing well, but just about everyone else is feeling the pain. Well, that is unless you’re actually making the decisions that have cost your company to take on a portion of the trillion dollars in toxic debt that’s floating around.

If you were lucky enough to have actually been the person who lost billions of your investors dollars, then you get a piece of the record $38 billion in bonuses Wall Street’s five biggest securities firms will pay out this year. That’s an an average of over $200,000 per person working for the major financial companies.

In what world do we lavishly award failure while not even beginning to talk about how we can help the real losers in the mortgage crisis, the people who have lost their homes to predatory lenders? The rich keep getting richer on the backs of the poor. What happened to all being in the same boat together? Why are we only feeding the fat cats?