[Cog]

If I could work my will, every idiot who goes about with "We Are All Doomed"on his lips, should be boiled with his own pudding, and buried with a stake of holly through his heart.*







*With considerable license from Dickens

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Cog', 'I')f I could work my will, every idiot who goes about with "We Are All Doomed"on his lips, should be boiled with his own pudding, and buried with a stake of holly through his heart.*

*With considerable license from Dickens

[Cog]

@ Outcast

Don't get me wrong. I favor prepping and continue to do so myself. I have shifted more to financial preps rather than continue to pile up beans and rice.

[SeaGypsy]

Currently it is still possible to scam the hell out of a bank in the west, take as huge a loan as possible & clear out with the cash, as long as you don't care about going back. There's a financial prep.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Cog', '@') Outcast

Don't get me wrong. I favor prepping and continue to do so myself. I have shifted more to financial preps rather than continue to pile up beans and rice.

[ralfy]

$this->bbcode_second_pass_quote('Outcast_Searcher', '
')
You've been predicting collapse since 2008. Is there any amount of wrong calls you make before you admit you just might be wrong? If the answer is no, don't worry. This just places you solidly in the camp of the (often wrong) short term doomers.

I'm not saying rapid growth continues forever. I am saying the oft-repeated calls for short term doom are wrong about 99% of the time.

[ennui2]

$this->bbcode_second_pass_quote('ralfy', '
')You have to consider the point that most people worldwide live in poverty, which means "doom" has been in place for them for sometime. Meanwhile, short-term "doom" has been taking place for various economies during the past decade, driven by combinations of financial crashes, high oil production costs, and effects of climate change.

[SeaGypsy]

Actually Ralphy it depends how you define quality of life. In consumer terms things have gotten a lot better for the developing world, while environmentally things have gotten much worse.

Sent from my HUAWEI Y520-U33 using Tapatalk

[jedrider]

$this->bbcode_second_pass_quote('SeaGypsy', 'A')ctually Ralphy it depends how you define quality of life. In consumer terms things have gotten a lot better for the developing world, while environmentally things have gotten much worse.

[Cog]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('SeaGypsy', 'C')urrently it is still possible to scam the hell out of a bank in the west, take as huge a loan as possible & clear out with the cash, as long as you don't care about going back. There's a financial prep.

[SeaGypsy]

The scam I am talking about involves a no warning full cash liquidation & permanent exit from the country to a country without treaties to collect you or your dodgy gains. Cog is an America loving American, no chance he would pull such a scam.

[dolanbaker]

$this->bbcode_second_pass_quote('SeaGypsy', 'T')he scam I am talking about involves a no warning full cash liquidation & permanent exit from the country to a country without treaties to collect you or your dodgy gains. Cog is an America loving American, no chance he would pull such a scam.

[SeaGypsy]

If I was ever to do such a thing I would be buying land in the Philippines, in an area where by making significant contributions to the local community I would be very near untouchable. The Philippines has banking secrecy laws, physical gold, no tax on offshore earnings, & an extremely localized power structure. Also my wife is from there & my kids & her are dual citizens. I wouldn't be leaving significant funds in the bank, would be donating to a community hospital, school, police station, & setting up an orchard.

[ROCKMAN]

"Currently it is still possible to scam the hell out of a bank in the west, take as huge a loan as possible & clear out with the cash, as long as you don't care about going back. There's a financial prep." Just a side bar: I would hope every now understands that this was one of the underlying factors that drove the shale boom. Again: the vast majority of the managements of the shale players were gray hairs that had survived the 80's bust so they understood the future quit well. Just a question of when and not if the shale bust would arrive. So borrowing mucho $BILLIONS with an expectation of not being able to repay wasn't a great concern: like the Rockman the vast majority of them won't be around when it comes times to recapitalize the industry. IOW the Rockman will never have to pitch a project to a banker, investor, fund manager, bond player, etc. when oil/NG prices eventually rise to boom level again: he'll have achieved room temperature by that time. LOL.

There have been tens $BILLIONS of profit made from the shale play. Made from selling stock and acreage position that increased multiple times once the boom hit. Like Petrohawk selling out for $15 BILLION. I don't know exactly how much they spent building their position but I'm certain it was less than $1 BILLION...probably a lot less.

But I'm the oil patch isn't unique and the same thing happened with the housing, dot-com, mortgage, etc. industries during their boom periods. No one in the oil patch had to lie to make those profits: greed drove the investors and bankers. All anyone had to do is have something they all wanted and they came begging to be let in. LOL.

[ralfy]

$this->bbcode_second_pass_quote('jedrider', '
')
You're exactly right. As our lives get more comfortable with EVERY imaginable convenience, nature is getting a trashing it will not recover from. Unfortunately, it will catch up to us, actually overtake us, faster than we can react to it in any positive sense. Nature keeps track of debts as much as banks do, maybe, more.

[ROCKMAN]

pstarr - "(by the way, the above is angry sarcasm lol)" IMHO that's a fair statement. What I don't understand is why you leave the Democrats out of it. When they were in complete control of the White House and Congress there was little to no difference in our foreign policies.

When it comes to how Americans view the rest of the world I see very little in any practical manner. Perhaps more differences in the speeches but "kind words" alone aren't going to change anything.