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Pensions and Unemployment Benefits

Discussions about the economic and financial ramifications of PEAK OIL

Re: Pensions and Unemployment Benefits

Postby theluckycountry » Fri 16 May 2025, 04:18:03

after Hurricane Maria, Puerto Rico experienced a major communications crisis, with a significant portion of its cell towers and infrastructure destroyed or damaged, leading to widespread loss of mobile phone reception. Initially, up to 95% of cell sites were out of service, and it took weeks for service to be partially restored

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Hurricanes, general blackouts.
$this->bbcode_second_pass_quote('', 'A') major power outage that swept across all Spain on the 28th of April significantly impacted the country’s mobile network infrastructure, leaving millions without service for several hours.
https://www.csqworld.com/nationwide-bla ... nectivity/

Then there are cyber attacks, and general outages. Where I am a cell tower was offline for two days due to maintenance and all those on that service were offline. People who herd in the cities are used to a network of towers but rural communities typically have one for each carrier. Digital money is fraught with downsides, for the people, for retailers. it's all positive though for banks and governments. With pensions paid into digital accounts and cards and phones ubiquitous is it any wonder people are neglecting cash? The masses dig their own graves, just like they did when they began flocking into Walmart to save $7 on a hairdryer. Now all the little mom and pop stores are gone and walmarters they fill their cars with soda and all manner of cheap processed junk food. Is it any wonder 3/4 of the nation are Obese? It's all they can afford on the shitty US pensions, fresh Meat, fruit and vegetables have been off their shopping lists for decades probably.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Pensions and Unemployment Benefits

Postby AdamB » Sat 17 May 2025, 15:15:13

$this->bbcode_second_pass_quote('theluckycountry', ' ')Now all the little mom and pop stores are gone and walmarters they fill their cars with soda and all manner of cheap processed junk food. Is it any wonder 3/4 of the nation are Obese?

20% of Australian students don’t finish high school:

A bunch of Americans could certainly be obese...but our country is defined by the exceptional regardless of weight.....the group you are in, Australians at large, can't build a car. And those are the graduates.

I'm sure the 20% you are in are good at something to.
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Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: Pensions and Unemployment Benefits

Postby careinke » Sat 17 May 2025, 18:17:00

I'm pretty certain Star link satellites did not go out.
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Re: Pensions and Unemployment Benefits

Postby AdamB » Sat 17 May 2025, 21:55:57

$this->bbcode_second_pass_quote('careinke', 'I')'m pretty certain Star link satellites did not go out.


SSHHHHH! We're not supposed to notice when individual American corporations can launch space rockets when entire countries can't even build their own automobiles, let alone putting something in space. That requires, you know, people with brains and stuff.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: Pensions and Unemployment Benefits

Postby theluckycountry » Thu 29 May 2025, 20:12:43

France Running Out Of Money? Auditors Warn State Has "Lost Control" Of Welfare Spending, IMF Demands Cuts https://rmx.news/article/france-running ... ands-cuts/

After 3 years of rampant inflation, then this. All welfare nations have lost control, lost it long ago. Public pensions were always doomed to failure. I wonder when they'll nationalize the private ones to "Share the load"
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Pensions and Unemployment Benefits

Postby AdamB » Thu 29 May 2025, 21:23:13

$this->bbcode_second_pass_quote('theluckycountry', '[')b]France Running Out Of Money? Auditors Warn State Has "Lost Control" Of Welfare Spending, IMF Demands Cuts https://rmx.news/article/france-running ... ands-cuts/


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Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: Pensions and Unemployment Benefits

Postby theluckycountry » Thu 29 May 2025, 21:35:44

$this->bbcode_second_pass_quote('AdamB', '[')img]https://i.pinimg.com/236x/b7/9e/75/b79e75d7970d1758fd23268c402e4086.jpg?nii=t[/img]
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Pensions and Unemployment Benefits

Postby AgentR11 » Sun 01 Jun 2025, 13:22:41

$this->bbcode_second_pass_quote('careinke', 'I')'m pretty certain Star link satellites did not go out.


To be fair, it may have been moderately challenging to keep all the parts of the ground station intact and operating through that hurricane and afterwards when there was no power.
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Re: Pensions and Unemployment Benefits

Postby theluckycountry » Mon 02 Jun 2025, 03:19:31

$this->bbcode_second_pass_quote('', 'S')tarlink, to deliver internet connectivity to its users, relies on a system of ground stations called gateways. These gateways act as an interlink between the user's dish and the satellites roaming earth's low orbit. Consequently, the dish will connect to the nearest satellite, which in turn sends that signal to the closest gateway. Gateways, therefore, need to be in somewhat close distance (500 miles or 1,000 kilometers) to receive the signal.

The satellites actually just function as really good antennae, all the data still has to go through the same channels as a standard home wifi system does, up the internet backbone, better thought of as main trunk lines. So for all the wizz bang satellite tech the data still goes along undersea cables like 100 years ago. Sure they're fiber optic now, but they still have to be laid in the old fashioned way. Why is starlink so fast? I assume starlink has bought premium space on these lines.

It's the Achilles heel of crypto, the need for reliable data transfer peer to peer and the world as a whole as the tokens have to be validated via blocks being mined in China or Russia. Not an issue if all you're doing is transferring your tokens from one exchange to another (set and forget) but any transaction between two people, say one selling a car and the other buying it, leaves you highly vulnerable to being scammed. Unless of course you don't deliver the car until the software updates on the block, a minimum of 1 hour at the best of times. Of course none of that matters since no one uses crypto like money anyway :roll:
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Pensions and Unemployment Benefits

Postby AgentR11 » Mon 02 Jun 2025, 06:28:32

1 hour is perfectly reasonable for mailorder transactions, its the fee vs value transmitted, plus the inconvenience of the accounting required to lawfully collect the appropriate capital gain/loss that is implied by what is essentially a barter transaction, is where the real pain point is.
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Re: Pensions and Unemployment Benefits

Postby theluckycountry » Mon 02 Jun 2025, 15:33:14

$this->bbcode_second_pass_quote('AgentR11', '1') hour is perfectly reasonable for mailorder transactions, its the fee vs value transmitted, plus the inconvenience of the accounting required to lawfully collect the appropriate capital gain/loss that is implied by what is essentially a barter transaction, is where the real pain point is.


Quite! I wonder what the fee is on a partial BC transaction, like $200? It's just another failure of BC to deliver, it was supposed to be better in this regard but a direct online bank to bank transfer between two people is free, instantaneous, and much more secure since you have the backing of major banks. Again though, no one uses BC for buying or selling stuff anyway. As a community currency it's a total failure.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Pensions and Unemployment Benefits

Postby theluckycountry » Wed 11 Jun 2025, 07:56:35

SNAP. Going hungry in the "Richest country in the world (yeah right)

Seems to be a news story from Africa?
https://www.youtube.com/watch?v=Rt80vKGVkCQ
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Pensions and Unemployment Benefits

Postby AdamB » Wed 11 Jun 2025, 08:01:44

$this->bbcode_second_pass_quote('theluckycountry', '
')Seems to be a news story from Africa?
https://www.youtube.com/watch?v=Rt80vKGVkCQ


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Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: Pensions and Unemployment Benefits

Postby theluckycountry » Thu 12 Jun 2025, 18:47:46

What do they call it? Africa-America-Mehico :-D
You let too many in
Certainly too many radical muslim

The suspected gunman in the Boulder supermarket shooting that killed 10 people appeared in court on Thursday...

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What a lovely town :P

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We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Pensions and Unemployment Benefits

Postby AdamB » Thu 12 Jun 2025, 20:03:18

$this->bbcode_second_pass_quote('theluckycountry', 'W')hat do they call it? Africa-America-Mehico :-D
You let too many in
Certainly too many radical muslim
Image


You got a crush on this guy? Cuter than a kangaroo I suppose....your general skin tone.....maybe you can send him fan mail?
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: Pensions and Unemployment Benefits

Postby theluckycountry » Fri 13 Jun 2025, 04:29:01

Anyway, moving on.

Here's the Average IRA Balance Today. How Does Yours Stack Up?
$this->bbcode_second_pass_quote('', 'A') lot of people unfortunately enter retirement with very little money saved and wind up reliant on Social Security to make ends meet. And while there's nothing wrong with having those benefits constitute a portion of your retirement income, they shouldn't represent all or most of it.

:oops: Bit late for that eh boomer.
$this->bbcode_second_pass_quote('', 'Y')ou may be curious to know how your IRA balance compares to the average today. To that end, Fidelity has fresh data on IRA balances. But you may not like what you see.
IRA balances are down

As of the first quarter of 2025, the average IRA balance was $121,983, says Fidelity. That's a 4% decline from the fourth quarter of 2024. That said, it's also a 23% increase from the first quarter of 2020. So what this tells us that is that a drop in IRA balances earlier this year is most likely attributable to stock market volatility.
https://www.fool.com/retirement/2025/06 ... oes-yours/

You need to read that more than once to get the math. Down by 4%, but that first quarter 2025 loss is actually 23% up on the 1st 2020. Why they picked those years who knows, just to make today's returns look good probably, but it also points the finger at those bad years. What a lot don't realize that just because a market recovers that does not imply individual retirement accounts recover to the same degree. They don't buy "the Dow" they buy individual companies and if they don't recover...
$this->bbcode_second_pass_quote('', 'T')he S&P 500 index regularly undergoes changes through a process called rebalancing. This involves adding companies that meet the criteria for inclusion and removing those that no longer qualify
Same happens with the Nasdaq
In other words after 2020 they took the shit ones out and put in the rising stars. Before 2020 your retirement account may well have held the shit ones and they probably didn't sell them just before the collapse either. Then rolled in WeWork and Zoom and all the new 'darlings' which of course your fund no doubt bought near the top. And then held when they collapsed.

Google [ "401k losses" wework zoom ], have a laugh. Then just "401k losses"
The search engine is practically useless now given the level of censorship. That first search should have given thousands of results even with the wework and zoom terms. They would simply be listed Missing: zoom wework like in other searches
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Pensions and Unemployment Benefits

Postby AdamB » Sat 14 Jun 2025, 14:58:14

$this->bbcode_second_pass_quote('theluckycountry', '
')As of the first quarter of 2025, the average IRA balance was $121,983, says Fidelity. That's a 4% decline from the fourth quarter of 2024. That said, it's also a 23% increase from the first quarter of 2020. So what this tells us that is that a drop in IRA balances earlier this year is most likely attributable to stock market volatility.
https://www.fool.com/retirement/2025/06 ... oes-yours/

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Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: Pensions and Unemployment Benefits

Postby theluckycountry » Sun 15 Jun 2025, 04:56:37

You can feel it in your old bones can't you adam. When the rug is pulled you'll wake up in Port au Prince.
Crime in Haiti ... since the late 2010s, the country has suffered from widespread gang warfare and civil unrest...

Over 207 executed in Port-au-Prince massacre: UN report
https://news.un.org/en/story/2024/12/1158506
Las Vegas Shooting: 58 People Killed, Almost 500 Hurt ...
You're well on the way hey :mrgreen:
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Pensions and Unemployment Benefits

Postby AdamB » Sun 15 Jun 2025, 14:28:23

$this->bbcode_second_pass_quote('theluckycountry', '
')Over 207 executed in Port-au-Prince massacre: UN report
https://news.un.org/en/story/2024/12/1158506


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Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: Pensions and Unemployment Benefits

Postby theluckycountry » Sun 15 Jun 2025, 16:10:11

$this->bbcode_second_pass_quote('', 'T')he crisis faced by this civilization is multifaceted, ranging from the depletion of cheap easy-to-get resources to ecological collapse and climate change — all eventually due to overshoot. While the fact that this civilization is wholly unsustainable starts to gain traction, there is still a great deal of denial when it comes to the heartfelt acceptance of the decline which logically follows… Not to mention admitting the fact that collapse is already well-underway for decades now.
https://substack.com/home/post/p-165859704

Denial, it's the most basic human response to bad news, so much so that reams of books have been written on the subject. The five stages of grief, often referred to by the acronym DABDA, are denial, anger, bargaining, depression, and acceptance.

What is not obvious to the average TV head though, is that it's possible to get trapped in one of these stages, for years! I saw it in a Woman once, trapped in the Denial stage after her husband, whom she loved deeply, was killed before her very eyes. I met her 2 years later and she still saw him from time to time standing on the roadside as she drove. She couldn't let go, couldn't move on.

I think another stage could be inserted in with Denial, Delusion. Delusion leads on from denial and is a lot easier to deal with than the subsequent emotional transitions, which are, just normal healthy ways of coping with a tragedy. Many people faced with the collapse of our industrial way of life have slipped into delusion, skipping the intermediate steps and totally shunning the last, acceptance. They are off dreaming of Mar's bases and a world where robots scurry around doing all our mundane work like in a scene from the movie "irobot" with Will Smith.

Image

Evidence for this is scant, but a robot vacuum in the home is typically enough to convince them the transition is coming. How such a world could even exist without abundant cheap fossil fuels doesn't come into it for them. Other delusions, alternate energy systems are touted as the fix for that. These people have looked at the reality of PeakOil and simply couldn't accept it, choosing instead a techno dream which has given them freedom to keep borrowing money and buying expensive techno toys. They never question where this money is coming from either, it's just a magic money tree that now exists and will always exist, totally divorced from the reality their parents faced, even when oil was cheap and built the amazing culture they finally enjoyed.

But a robot vacuum cleaner is no good if you don't have a home and a hi-tech car is no use if the roads are riddled with potholes. I'm old enough to remember when roads and bridges were all in good repair and home ownership was real and meant paying off the home, not borrowing against it to fund holidays and cars. In a real sense we are living on borrowed time, borrowed from the future as far as all this debt is concerned. To cut through delusion is hard, especially if you have embraced it to maximum potential, gone all in with EV and crypto, alternate energy and AI etc. But one simple reality check anyone can do is to look around the World, and their own nation, and ask themselves, are things on the ground getting better as the years pass, or getting worse? Are the bills getting cheaper or more expensive? Are the vast networks we have built to service us becoming more reliable or less reliable?

Honestly answering these questions will give an open minded person a good reality check.

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We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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