[Armageddon]

If they raise oil prices to keep demand under control, the economy will suffer
If they dont , then peak oil will come sooner than later and the economy will suffer also. So what do they do ? I think we are in huge trouble in 2006 either way.

[aldente]

To raise oil prices or to lower them is all up to the nurse...

[I_Like_Plants]

Oh, and another thing explained in Heinberg's "Powerdown" book, how our current fiat money system is a "grow or die" system. That's right, economic slowdown is no problem at all with a normal currency, like Lincoln's greenbacks or Kennedy's federal notes, (hmm and they both got assassinated!) but our money is borrowed into existance. That requires constant growth, kinda like a Ponzi scheme, no?

Um, read Powerdown, put 2 and 2 together, makes serious talk about powerdown tantemount to treason to our current rulers.

[aldente]

$this->bbcode_second_pass_quote('I_Like_Plants', 'K')ennedy's federal notes

[RonMN]

Another catch 22.

If we don't decline in burning fossile fuels, climate change will kill us.

If we do decline in burning fossile fuels, Our economy crashes & we starve.

[I_Like_Plants]

OK let's see, this info is available from a number of sources, first I'd recommend "Powerdown" by Heinberg since it's got one of the clearest explanations.

Next I'd recommend stuff on the net, just look up "fiat money" and you should find a number of sources, sites like financialsense.com and vonmises.org have some good write ups.

------

Here's my own hands-on example. I have a small, um, very small, let's call it micro, business. I really do! Well, if I make less in 2005 than in 2004 it's not the end of the world for me! Heck I may have decreased expenses too, and I'll do just fine. I could do say 1/3 less and I'd find a way to tighten my belt, and it would just not be a major thing. BUT..... let's say I incorporated and offered stock which was bought by the public. Well, the public only buys that stock if they think they'll make money on it. And, they expect to make money on it next year, and the year after that too. If they don't, no one wants to buy the stock, and I guess the company dies. Grow or die! I think that's kinda how our present monetary system works.

Fooey this is why I don't mess with that incorporation stuff.

[jimmydean]

IMHO the sooner oil spikes higher the better for all of us. It will cause global conservation due to pain threshold of paying at the pumps, spur more purchases of fuel efficient vehicles and create more slack in the oil supply.

It's going to $60 in the short-term (fall 2005). I don't think we will see conservation though till it's $90-100 bbl.

[Revi]

I think conservation has already started. The tourist industry may be crimped a bit by the fact that gas is about 1/3 more than last year. People are starting to look at their expenses and deciding not to use that stupid ATV, speedboat, etc. If they are smart, they are looking at how to insulate their house and caulk cracks, because next winter is going to be quite a bit more expensive. A friend of mine estimates that the average person will be spending as much as $30 - $40 a night in the coldest part of the winter on heating around here. It can get to 40 below. Ouch!

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'I')f they raise oil prices to keep demand under control, the economy will suffer
If they dont , then peak oil will come sooner than later and the economy will suffer also. So what do they do ? I think we are in huge trouble in 2006 either way.

[careinke]

Interesting, arguing with people from 20 years ago. How's that working out for you?

Personally, I'm enjoying reading them. Especially, how AI was not even a thing back then, much less Tesla, Space X, Grok, etc. Humans, always eventually, solve problems. Once they figure out they need smarter tools to help them, they make them too. Hello AI.

Peace

[AdamB]

$this->bbcode_second_pass_quote('careinke', 'I')nteresting, arguing with people from 20 years ago. How's that working out for you?

[AgentR11]

$this->bbcode_second_pass_quote('careinke', 'I')nteresting, arguing with people from 20 years ago. How's that working out for you?

Personally, I'm enjoying reading them. Especially, how AI was not even a thing back then, much less Tesla, Space X, Grok, etc. Humans, always eventually, solve problems. Once they figure out they need smarter tools to help them, they make them too. Hello AI.

Peace

[Armageddon]

One thing I’ve learned, the collapse isn’t a sudden event, it’s a long drawn out process. And who would have thought the govt could take the debt from 5T to 37T since the GFC and pay 25% of all revenues to service the debt?

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'O')ne thing I’ve learned, the collapse isn’t a sudden event, it’s a long drawn out process.

[Armageddon]

Maybe my predictions didn’t come true, but, I’ve make a shit ton on gold and silver. I backed up the truck at $1200 gold and $14 silver. Nearly a 3x and going higher, much higher.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'M')aybe my predictions didn’t come true, but, I’ve make a shit ton on gold and silver.

[theluckycountry]

AI companion bots. Reminds me of that japanese Tamagotchi craze, replete with kids committing suicide when their digital toy grew old and died

I bought one once at a flea market to see what all the fuss was about. They really suck you in, beeping and demanding attention as babies, growing up so fast. When mine died I threw it in the bin, one circuit around was enough. But I got a real sense for how the technology could insinuate itself into you life. It's one reason why I steel clear of this AI crap, just as I never joined faceplant or twitter or any of the other time wasters. I'm happy in the real world, I don't understand why so many others want to escape it? Are they suck abject social failures? Is it really all too hard for them to form real relationships? Fucked up world...

https://www.youtube.com/watch?v=uCGD9dT ... rt_radio=1

[theluckycountry]

Look at these losers
https://www.youtube.com/watch?v=xAHLK1B5ijs
But get the positive spin.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'L')ook at these losers.