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I think this is the beginnings of an economy based on perpetual growth and fossil fuel energy running headlong into geological energy constraints. Basically I see an undulatory downward path for the rest of my life. From here out, I think any rallies in our economic condition are going to be met with spiking commodity prices that knock us right back down.

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Peakoil.com :: View topic - Inflation: The worst part about being fooled
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Inflation: The worst part about being fooled

 
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Cid_Yama
Light Sweet Crude
Light Sweet Crude


Joined: May 27, 2007
Posts: 1723
Location: The Post Peak Oil Historian

PostPosted: Tue May 27, 2008 10:19 am    Post subject: Inflation: The worst part about being fooled Add User to Ignore List Reply with quote

It’s Sunday afternoon at the Coliseum folks, and all good fun, but the hordes are crossing the Alps and headed for modern day Rome – better educated, harder working, and willing to sacrifice today for a better tomorrow. Can it be any wonder that an estimated 1% of America’s wealth migrates into foreign hands every year? We, as a people, are overweight, poorly educated, overindulged, and imbued with such a sense of self importance on a geopolitical scale, that our allies are dropping like flies. “Yes we can?” Well, if so, then the “we” is the critical element, not the leader that will be chosen in November. Let’s get off the couch and shape up – physically, intellectually, and institutionally – and begin to make some informed choices about our future. Lincoln didn’t say it, but might have agreed, that the worst part about being fooled is fooling yourself, and as a nation, we’ve been doing a pretty good job of that for a long time now.

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In a time of universal deceit, telling the truth is a revolutionary act. - George Orwell

It riles them to believe that you perceive the webs they weave. - Moody Blues
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Kaj
Heavy Crude
Heavy Crude


Joined: Dec 06, 2006
Posts: 392

PostPosted: Sun Jun 01, 2008 1:18 am    Post subject: Re: The worst part about being fooled Add User to Ignore List Reply with quote

Cid I tend to enjoy your posts, but I would agree with those that ask you to put quotation marks around cited sources--or adopt some system that distinguishes your opinions from other peoples. It wasn't clear until I clicked the link whose voice I was hearing.
Cheers and regards.
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