PeakOil is You
Second Wave in the worldwide economic crisis
Re: Second Wave in the worldwide economic crisis
by GoIllini » Sun 16 Oct 2011, 12:55:12
$this->bbcode_second_pass_quote('ralfy', 'I') wasn't referring to Communism.
What were you referring to then? A monarchy? There's two or three communist states left in the world and nearly every other form of government besides some form of constitutional monarchy has given way to libertarian capitalist democracy in the West.
$this->bbcode_second_pass_quote('', 'A')necdotal and unverifiable evidence? And your last two sentences are based on naivete, as if the same government that bailed out bankers and engaged in wars while passing on the debt to citizens will protect the latter.
LOL, since someone who actually works with these "powerful people" at least has "anecdotal evidence" that contradicts your wild suppositions, your claims of rich people taking over our economic system have been refuted unless you can show me a poll of CEOs and bankers who say we should round up poor people and send them to work camps.
$this->bbcode_second_pass_quote('', 'R')idiculous. 70 pct of laborers work in the service industry, 70 pct of economic activity is based on consumer spending, and a significant amount of oil consumption involves transport of food and other supplies to most (not just the bottom 20 pct), if not to power up something like 250 million passenger vehicles, or almost one per citizen.
Yes, but you really have to look at domestic goods production vs. imports. You're citing a number that tells me where my spending money goes. Of the money I spend that stays in the US, 70% goes to retailers, movie theaters, banks, service providers, etc. 30% goes to US factories. My question is, if 20% of the population stops buying stuff, do we become self-sufficient on that 30% domestic industrial production?
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GoIllini - Tar Sands
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Re: Second Wave in the worldwide economic crisis
by Quinny » Sun 16 Oct 2011, 16:29:59
Gollini - Have you ever heard of the term 'First against the wall'?
Live, Love, Learn, Leave Legacy.....oh and have a Laugh while you're doing it!
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Quinny - Intermediate Crude
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Re: Second Wave in the worldwide economic crisis
by GoIllini » Sun 16 Oct 2011, 16:49:33
LOL, first against the wall will be the idiots who put that sign up at the CBOT. I would probably be the next idiot, but I will be safely on my private island. I told someone advertising a T-shirt that said "We are the 1%" to try wearing it to the next Teamster Union rally.
Seriously- I'm just trying to provide the capitalist non-conspiracy theory perspective here. And the bottom line is that you guys who've changed your worldview about oil and life on this planet have been preparing for years. That means you've cut your spending, saved 20%+ or more of your income while investing in resource stocks (which have done well over the past few years), and now you guys have set yourselves up to be in the top 10%- or at least self-sufficient- too. Given the food production numbers for the US, it is highly unlikely you'll be starving or unable to be self-sufficient at least through age 70 if you are not on welfare or food stamps, addicted to drugs, and know how to show up on time to a job that starts at 9 AM. Having a year or two worth of savings is just that extra margin of safety.
We saw this coming and we prepared financially. It is time to stop worrying about the rest of the world and time to start figuring out how you are going to enjoy the post-peak world. Greek islands will soon be on the market for $500 (at least in terms of pre-1933 gold). Maybe you'll head up to the Canadian Rockies and do some paragliding.
You spent five long years, preparing, obsessing, and worrying. Now it will soon be time to relax and enjoy life in a way that only the independently wealthy could until now. The rest of the world cannot be saved, but you and your family will probably be OK.
Seriously- I'm just trying to provide the capitalist non-conspiracy theory perspective here. And the bottom line is that you guys who've changed your worldview about oil and life on this planet have been preparing for years. That means you've cut your spending, saved 20%+ or more of your income while investing in resource stocks (which have done well over the past few years), and now you guys have set yourselves up to be in the top 10%- or at least self-sufficient- too. Given the food production numbers for the US, it is highly unlikely you'll be starving or unable to be self-sufficient at least through age 70 if you are not on welfare or food stamps, addicted to drugs, and know how to show up on time to a job that starts at 9 AM. Having a year or two worth of savings is just that extra margin of safety.
We saw this coming and we prepared financially. It is time to stop worrying about the rest of the world and time to start figuring out how you are going to enjoy the post-peak world. Greek islands will soon be on the market for $500 (at least in terms of pre-1933 gold). Maybe you'll head up to the Canadian Rockies and do some paragliding.
You spent five long years, preparing, obsessing, and worrying. Now it will soon be time to relax and enjoy life in a way that only the independently wealthy could until now. The rest of the world cannot be saved, but you and your family will probably be OK.
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GoIllini - Tar Sands
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Re: Second Wave in the worldwide economic crisis
by Loki » Sun 16 Oct 2011, 22:43:58
$this->bbcode_second_pass_quote('GoIllini', ' ')investing in resource stocks (which have done well over the past few years)
I'm not sure whether it's funny or sad that you think some electrons on a Manhattan server will save you as the “mooch” class starves to death in the streets.
A garden will make your rations go further.
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Loki - Expert
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