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Oil's energy contribution has declined by about 12% since 1999. The world's economies have also declined by about 12%. (Using conventional metrics, which are time delayed determinations, this will only be seen in hind sight). The massive destruction of asset values now occurring testifies to it happening. Peak is well behind us, world economies have peaked and will continue to decline.

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Peakoil.com :: View topic - US pledges financial rescue plan
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US pledges financial rescue plan
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Ache
Heavy Crude
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Joined: Apr 23, 2005
Posts: 263

PostPosted: Thu Sep 18, 2008 8:09 pm    Post subject: US pledges financial rescue plan Add User to Ignore List Reply with quote

http://news.bbc.co.uk/2/hi/7624482.stm

Quote:
US officials say they will hammer out a "comprehensive" plan to ease what has become a global financial crisis.
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phaeryen
Heavy Crude
Heavy Crude


Joined: Apr 18, 2007
Posts: 124

PostPosted: Thu Sep 18, 2008 8:29 pm    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

how about slashing the military spending to a quarter of its current form and end with all this world hegemony business? seems like all that money hasnt bought you an army worth mentioning anyway, given that simple commoner folk can win with a bunch of AK-47's, camels and explosives. Very Happy
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The_Virginian
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Joined: Jun 19, 2004
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PostPosted: Thu Sep 18, 2008 10:50 pm    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

Smile
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"A people is conquered not when they lose a war, but when they adopt the song and customs of the enemy"
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Jotapay
Intermediate Crude
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Joined: Jun 21, 2008
Posts: 675

PostPosted: Thu Sep 18, 2008 10:58 pm    Post subject: Add User to Ignore List Reply with quote

Yay! I'm super-glad I did all those things so I dont have to depend on the Fed now! Or I'd be screwed!
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Gerben
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Joined: Mar 07, 2007
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Location: Holland, Belgica Foederata (Republic of the Seven United Netherlands)

PostPosted: Thu Sep 18, 2008 11:07 pm    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

Thank you US tax payers. Now how are you going to pay for all this?
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FreedomSlave
Heavy Crude
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Joined: Nov 11, 2007
Posts: 122
Location: Portland metro, Oregon

PostPosted: Thu Sep 18, 2008 11:38 pm    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

"This agression will NOT stand!" Twisted Evil

(Does that belong in the Dude thread, or here?) Smile
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smallpoxgirl
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PostPosted: Thu Sep 18, 2008 11:46 pm    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

Gerben wrote:
Thank you US tax payers. Now how are you going to pay for all this?


We aren't going to pay for it. We're just trying to buy time.
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Sifting through the ashes every day
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Now is nothing more than a memory
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I lost my way" - OCMS
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wisconsin_cur
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PostPosted: Thu Sep 18, 2008 11:52 pm    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

Gerben wrote:
Thank you US tax payers. Now how are you going to pay for all this?


We are not...

the rest of the world will...

they said so on the news tonight...

"the USA is too big to fail"

Smile Smile Smile

That should help for a short while...

right?

tell me that it is right... please?

Confused
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johhnytrash
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Joined: May 25, 2008
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PostPosted: Fri Sep 19, 2008 6:20 am    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

The way I see it, big finance overextended and is now falling apart. (AKA. 'f'-ed up.) So to keep their system from falling apart, the government is going to bail banks out. A system, BTW, that makes them rich and me poor.

So these buttfaces take a risk, and if it succeeds, they get the cash, and if it fails, the taxpayers cover the loss.

I want these CEOs of these failing banks to pay me the money I'm going to pay in taxes for their 'f'-ups. My tax money is going to cover their loss, while they walk away with millions in severance money.

THIS is republican deregulation at your service, and the taxpayer is getting screwed, money that could have gone to schools, or the power grid is going to pay for debt we accumulated to pay for their failure.

Why do people vote republican again? I can't figure it out. At least libertarians would let these banks fail.
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Pretorian
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Joined: Apr 08, 2006
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PostPosted: Fri Sep 19, 2008 6:31 am    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

johhnytrash wrote:

Why do people vote republican again?


Do you really think there is a difference ?
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pup55
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Joined: May 26, 2004
Posts: 3862

PostPosted: Fri Sep 19, 2008 8:46 am    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

Quote:
taxpayers cover the loss


Quote:
the taxpayer is getting screwed,


Nope. Every dime of this is borrowed. Your grandchildren are getting screwed.

http://www.peakoil.com/fortopic45457.html
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sittinguy
Heavy Crude
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Joined: Sep 07, 2007
Posts: 392

PostPosted: Fri Sep 19, 2008 10:31 am    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

I can't even think of what to say, my head is on fire. Where can I find PCGS graded silver bullets?
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GASMON
Intermediate Crude
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Joined: Mar 29, 2008
Posts: 846
Location: England

PostPosted: Fri Sep 19, 2008 10:51 am    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

Gerben wrote:
Thank you US tax payers. Now how are you going to pay for all this?


10% down, and a 2,000 year interest only mortgage, interest rate variable, probably allways up.

The super-rich HAVE to get richer, thats a new executive order just signed that you all do not yet know about !!!

Happy days, Gasmon
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mos6507
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Joined: Aug 03, 2007
Posts: 4608
Location: Boston Suburbs

PostPosted: Fri Sep 19, 2008 11:05 am    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

johhnytrash wrote:

I want these CEOs of these failing banks to pay me the money I'm going to pay in taxes for their 'f'-ups. My tax money is going to cover their loss, while they walk away with millions in severance money.


What about the equal participation of all those housing gamblers who bought houses they couldn't afford? Don't just let them off the hook so easily.
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weirdo8778
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Joined: Sep 09, 2008
Posts: 4

PostPosted: Fri Sep 19, 2008 11:15 am    Post subject: Re: US pledges financial rescue plan Add User to Ignore List Reply with quote

this makes me sick. These 2 companies were very short sighted. They go bankrupt because of it. I say let them go out of business, they should not count on a government bailout. Do you know how much 85 billion is. Than on top of that now the government wants to take over all banks debt. Sorry when im pissed I am bad at responding.
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