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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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Author Message
  Topic: Housing & Economic Collapse - In Progress - #2
RonMN

Replies: 1295
Views: 72038

PostForum: Economics & Finance   Posted: Wed Jul 16, 2008 2:39 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
Quote:
Treasury Department has only days to act before foreign patience runs out,
<snip>
Some financial experts warned that Treasury has only 2-3 days to put real money behind its promises ...
  Topic: Housing & Economic Collapse - In Progress - #2
RonMN

Replies: 1295
Views: 72038

PostForum: Economics & Finance   Posted: Wed Jul 16, 2008 12:47 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
threadbear Wrote:
In a global recession, wouldn't this actually weigh against it?

Yes, I would guess it would, That's why I wouldn't put more than 10% of my net worth into any one thing...Howev ...
  Topic: Housing & Economic Collapse - In Progress - #2
RonMN

Replies: 1295
Views: 72038

PostForum: Economics & Finance   Posted: Wed Jul 16, 2008 9:04 am   Subject: Re: Housing & Economic Collapse - In Progress - #2
Miki Wrote:
Silver eventually will make a much stronger move than gold.

IMHO I totally agree with you Micki...I am pretty heavy silver myself.
  Topic: Colorado has run out of high-grade asphalt
RonMN

Replies: 20
Views: 1483

PostForum: Current Events   Posted: Tue Jul 15, 2008 8:53 am   Subject: Re: Colorado has run out of asphalt
You've heard of "metal theft"?

Now we're going to have road theft Shocked
  Topic: hi from new member in the Poconos, Pennsylvania
RonMN

Replies: 6
Views: 237

PostForum: Welcome   Posted: Mon Jul 14, 2008 2:29 pm   Subject: Re: hi from new member in the Poconos, Pennsylvania
Welcome girlscout!

It sounds like you have a good attitude about prep work & a good mental handle on things.

Hope for the best but plan for the worst is a great way to view things.

Gla ...
  Topic: Money market funds...are they the next bailout?
RonMN

Replies: 2
Views: 255

PostForum: Americas Discussion   Posted: Fri Jul 11, 2008 2:50 pm   Subject: Re: Money market funds...are they the next bailout?
No need to worry, MMFs are insured by MBIA and AMBAC Laughing
  Topic: Housing & Economic Collapse - In Progress - #2
RonMN

Replies: 1295
Views: 72038

PostForum: Economics & Finance   Posted: Fri Jul 11, 2008 11:21 am   Subject: Re: Housing & Economic Collapse - In Progress - #2
Quote:
Data from everywhere is pouring in at a fast pace. Almost all of it is horrid. Let's start with a look at Europe where Spain pulls bond sale amid economic crisis.

[url=http://globaleconom ...
  Topic: Housing & Economic Collapse - In Progress - #2
RonMN

Replies: 1295
Views: 72038

PostForum: Economics & Finance   Posted: Wed Jul 09, 2008 2:58 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
Can you imagine if nobody knew who owes & who owns? Nobody would sell you anything for cash, check or credit card. There would be no reason to go to work...how could they pay you? (in chickens?) ...
  Topic: British students given detention for not praying to allah
RonMN

Replies: 25
Views: 1260

PostForum: Europe Discussion   Posted: Sun Jul 06, 2008 10:50 am   Subject: Re: British students given detention for not praying to alla
Denny Wrote:
If they are in a Muslim religious school, that is appropriate.

I went to catholic schools & nobody was ever "required" to pray...meerly remain quiet out of respect for those wh ...
  Topic: Sex for Oil
RonMN

Replies: 32
Views: 2055

PostForum: Economics & Finance   Posted: Thu Jul 03, 2008 2:08 pm   Subject: Re: Sex for Oil
Yeah! a gas tank with a false bottom is an EXCELLENT idea!
  Topic: Housing & Economic Collapse - In Progress - #2
RonMN

Replies: 1295
Views: 72038

PostForum: Economics & Finance   Posted: Thu Jul 03, 2008 11:33 am   Subject: Re: Housing & Economic Collapse - In Progress - #2
Quote:
the housing market caused U.S. businesses to file for bankruptcy protection at a higher annualized rate than individuals

[url=http://globaleconomicanalysis.blogspot.com/2008/07/la-foreclo ...
  Topic: Sex for Oil
RonMN

Replies: 32
Views: 2055

PostForum: Economics & Finance   Posted: Wed Jul 02, 2008 11:44 am   Subject: Re: Sex for Oil
Quote:
one of the suspects they arrested engaged in sex

Boy, talk about gettin' caugh with y'r pants down Smile
  Topic: fear is starting to grip ..
RonMN

Replies: 42
Views: 2560

PostForum: Peak Oil Discussion   Posted: Mon Jun 30, 2008 7:54 pm   Subject: Re: fear is starting to grip ..
jj wrote:
the Frito lay vendor said they are having a great deal of trouble getting potatoes for their chips, thus a shortage.

WHAAAAAA??? Seriously? Please expound! Who, what, why, where &am ...
  Topic: fear is starting to grip ..
RonMN

Replies: 42
Views: 2560

PostForum: Peak Oil Discussion   Posted: Mon Jun 30, 2008 2:27 pm   Subject: Re: fear is starting to grip ..
pstarr Wrote:
Maybe it is time to work on Spam. Other than pork, I wonder what goes into the stuff.

Just don't forget the clear jellied ooze that allows the solid block of meatstuff to shlep ou ...
  Topic: fear is starting to grip ..
RonMN

Replies: 42
Views: 2560

PostForum: Peak Oil Discussion   Posted: Mon Jun 30, 2008 1:56 pm   Subject: Re: fear is starting to grip ..
Hey, it beats rice with fried worms Smile

I'll bet that would be alot better with some canned gravy Laughing
 
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