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Reverse Engineer's Explanation of Markets and Investing

Discussions about the economic and financial ramifications of PEAK OIL

Re: Reverse Engineer's Explanation of Markets and Investing

Unread postby davep » Mon 07 May 2012, 12:51:40

I'm bumping this thread for anyone who used to be interested in Reverse Engineer's posts. He now posts at the Doomstead Dinerhttp://www.doomsteaddiner.org/forum/index.php the name of which some of you may remember from his time here.

He appears to be far less aggressive in his approach than he used to be. I for one would like him to bring his take on things back here...
What we think, we become.
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Re: Reverse Engineer's Explanation of Markets and Investing

Unread postby Plantagenet » Mon 07 May 2012, 13:59:52

$this->bbcode_second_pass_quote('davep', ' ')I for one would like him to bring his take on things back here...


That would be great.

Re-reading his posts from 2008 its clear now he was way ahead of most people in understanding the role of banks in the financial collapse and the anger people would come to feel against banks. A lot of the stuff he was saying in 2008 wound up being the basis of what the Occupy Wall Street People were saying three years later in 2011.
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Re: Reverse Engineer's Explanation of Markets and Investing

Unread postby SeaGypsy » Mon 07 May 2012, 16:49:02

RE left partly because his detractors kept accusing him of unseemly conduct with his pupils. There were other issues, mainly about crossing the line when it comes to what could be construed as calling for treason or terrorism. I liked RE's presence here and would like to see a return. Yet I can't see him sticking around to be called names.
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Re: Reverse Engineer's Explanation of Markets and Investing

Unread postby Revi » Mon 07 May 2012, 21:39:00

I think we'll have a little while to get ready for what's coming, then we'll find that our salaries (if we have any) won't keep up with inflation. We are going to have to make a lot of our livelihood. That might mean trading in our spare time or cutting wood. The main idea is that we won't be given enough to purchase what we need. Whether it's inflation or deflation the result will be the same. There won't be enough for every middle class person to live the lifestyle they are accustomed to. They will have to learn to live like most of the world does now. Cars won't be just for fun. Just like in the 30's, every time you go to town you will bring along a trunk full of stuff to trade. You'll head back to your homestead with a bunch of stuff that will last you. A bag of flour and a bunch of DVD's will have to last until the next time you have something to trade. It will be high tech/low tech. You might use a cell phone or computer to plan out where you drop eggs off for example.
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