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Is this what most people think is going to happen?

Discussions about the economic and financial ramifications of PEAK OIL

Re: Is this what most people think is going to happen?

Unread postby oilfreeandhappy » Tue 21 Mar 2006, 02:47:07

$this->bbcode_second_pass_quote('FireJack', 'I') posted on the Rage 3d forums about the book "The Second Great Depression: Starting 2007, Ending 2020" by Warren Brussee and am scared by the responses I got.

My original post:
"I didn't make the title it's from the book : http://www.amazon.com/gp/product/159...Fencoding=UTF8

It's something that has concerned me for a while espeically as skyrocketing energy prices seem set to exasterbate the problem. I don't think this guy says anything surprising with skyrocketing consumer and government debt with the average saving rate being negative. I wonder if most people are aware of the great hardships they are about to face.

There is a interview with the author:http://financialsense.com/Experts/2006/Brussee.html"

First 3 posts wern't serious and the 4th guy agreed. The 5th post though was this:

"I don't know if there will be another great depression in the US. If there was, the world would join us in it, since the US is 1/5 of the Earth's economy. All the major nations sell things to us and if we cannot buy them, their economies tank also.

Personally, I think we have placed our nation into a holding pattern, to give the rest of the world time to catch up. Most of the world cannot afford to buy US products. As their economies ramp up, their people become wealthier. As they become wealthier, they can afford more of our products.

That is my crystal ball gazing prophecy."

The next guy agrees with him. I thought of arguing but I tried before and its useless, these people want to live in la la land. This puts me another step forward to making a hidden shelter and stocking it full of food and hiding there until idiots like that either die of confront reality.


Wow! Short-sighted I'd say. I agree with the Posters who mentioned that the US does not have much to offer. There is now an equal playing field in the airline manufacturing business and software technology. The US was the world leader of these industries less than 10 years ago. Some industries could help to bail out the US - Agriculture, Entertainment, and Technology. However, these must be balanced with a sustainable economy, conservation, renewable energy and technology. Right now, these balances are coming up way short.
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Re: Is this what most people think is going to happen?

Unread postby Lighthouse » Tue 21 Mar 2006, 03:18:14

$this->bbcode_second_pass_quote('rogerhb', '')$this->bbcode_second_pass_quote('', '.')..And what mystical products are these that the rest of the world wants to buy from the US?


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