Sorry if I sounded rough. I got angry because forum members were characterizing those in LATOC as doomsayers, even though many of the premises, arguments, and even views of the future (including those in this thread) mirror the same. In fact, I see almost no difference between LATOC and this forum, which is why I don't understand the hostility towards the former.
I can't see myself as an activist in this forum, as the number of messages that I've posted, for example, is only a fraction of what others have achieved. But your advice is very helpful about knowing about others' backgrounds even though I think knowledge about the issue is more important. For example, the claim that China is experiencing a "mega boom" is highly questionable; a few reasons are given below. More are seen in other forums.
I hope you don't mind if I don't share anything about myself, as that's inconsequential to this topic and cannot be proven, anyway. What I can say, though, is that I'd like to think that my views are the same as yours, i.e., I "spread" myself "far and wide." In fact, that's the reason for my first post, which is to point out what various economists wrote; I want the OP and forum members to see different views of the issue. That is, the "downhill" move might be sudden or slow and painful.
The same goes for views of collapse. For some, collapse is a "police state" with a neutered society, but there are many societies worldwide that are in such a situation, including, ironically, China, which is supposed to be doing "well" amid a global recession. For those who live or work in poor countries, collapse is even worse.
With that, what can we say about this notion of going "downhill"? The clearest indicators are high oil and food prices coupled with unemployment issues. Part of the cause of such is financial speculation, but conventional oil production hardly catching up with demand coupled with the effects of global warming might be more dominant reasons. Thus, we have a financial crisis masking a more serious one. Kevin Drum, Gail the Actuary, and others have already explained that.
Is there a recession? Yes, and that can obviously be seen given high prices, unemployment problems, and low growth. What about the "mega booms"? These are likely being driven by around $30 trillion dollars pumped into the global economy in order to ward off a credit crunch caused by...too much money. Thus, they are being driven by more spending. With that, there are likely no "mega booms" but "mega hoarding" and "mega asset bubbles."
Will there be a global collapse? Definitely, but we are not certain how and when. Organizations like the U.S. military believe that it will be caused by a drop in conventional oil production sometime between now and 2015, leading to "massive dislocations" for various economies or combinations of societal collapse for some and slow or no growth for others.
Some forum members, on the other hand, argue that the drop in conventional oil production will drop sharply and quickly, leading to a global dislocation. I don't see a lot in this forum, unless I consider the posts here concerning collapse. On the other hand, they don't look like they describe collapse to me, but a move to totalitarianism, which is present in various societies, including ironically some who are said to be doing well economically.
Still, others argue that non-conventional production may make up for a lack of conventional production temporarily, probably only for around a decade, after which the drop in conventional oil production may be slow and permanent.
There are even other forum members who believe that the effects of a financial crisis will precede that of peak oil, with the same crisis leading to war, and both leading to oil shortages (and resource shortages in general) even before conventional oil production drops. Sometimes, parallels are drawn between what happened before WW2 and the present.
There are more who believe that the effects of drought and floods coupled with financial crisis will also destabilize various economies, leading to war or one economy after another weakening even before conventional oil production drops. I can't remember, but I think in other forums, books about environmental disaster were often mentioned.
Thus, a lost decade or a permanent global recession or a quick, horrific collapse are all possible. One or the other is "bunkum" only if one does not want to consider all of these factors and simply focus on, say, one or another country "not [doing] bad at all." If one cannot determine what will actually happen but wants to prepare, the look for combinations of strategies given what one can afford to do, e.g., diversify assets, work on emergency provisions in the short term and learning skills in the medium term, etc., and then add more funds and time to learn as these become available.
Finally, since I am not an activist and because of limitations of this medium, then I cannot give more details concerning my points. But there are many sites that one can visit to investigate such matters, and several have been mentioned in this forum and in others. For peak oil, one may also try this list of reports in my web log:
http://ralfyman.blogspot.comThere are more (reports, sites, and forums that share both) about the global recession, global warming (such as the NAS final report), and more, including those that look at combinations of factors (such as the one from Feasta).