by Cashmere » Tue 03 Jun 2008, 15:52:45
$this->bbcode_second_pass_quote('', 'A')s for me, GM still owes me a pension down the road, and I wonder if the money will be there or have been either squandered by bum investments and shortfall in funding or if inflation will have eroded it down so it buys me just a case of beer a month to down my sorrows. Here's hoping I'll be able to buy some groceries along with the beer.
Well, it's easy to say "bum investements", but keep in mind that there are few and far between good investments nowadays.
Why?
Because 150 years of exponential expansion has just ended.
It's cake to make money when everything is expanding at 5% a year.
But try doing it when everything is contracting at 5% a year - a nightmare.
Where do you put pension fund money when stocks are down 5% a year and inflation is raging at 6% a year?
Do you put the money in T/notes/bills? At what? 2%?
The point is, the concept of "investing" has just changed forever.
Gone are the days when a return of 5% was expected and a return of 10% was wanted and a return of 20% was hoped for.
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.