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.
Joined: Oct 04, 2004 Posts: 5720 Location: Body in OK, Heart in TX
Posted: Fri Sep 19, 2008 8:45 am Post subject: Re: SEC bans short-selling in US
Isn't this only for 2 weeks? I'm not trying to trivialize what's going on, but if the ban is only for 2 weeks it's very different than if it was permanent or indefinite, no? _________________ "Every junkie's like a setting sun..." - Neil Young
Posted: Fri Sep 19, 2008 9:00 am Post subject: Re: SEC bans short-selling in US
smallpoxgirl wrote:
Does anyone else feel like they've just stepped through the looking glass? The world has just gotten very bizarre.
Think it's weird now give it a few years! _________________ Just look at us. Everything is backwards; everything is upside down. Doctors destory health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the major media destroy information and religions destroy spirituality.
Posted: Fri Sep 19, 2008 9:01 am Post subject: Re: SEC bans short-selling in US
AgentR, I have to say that you couldn't have reappeared at a more fortuitous time. It will be interesting to see what seasoned opinions some of the older lurker/posters here have on the current situation. _________________ "It's called the American Dream because you'd have to be asleep to believe it."
Posted: Fri Sep 19, 2008 9:05 am Post subject: Re: SEC bans short-selling in US
Shannymara wrote:
Isn't this only for 2 weeks?
I dunno. Any time you come out with some "emergency measure" like this, it's always going to be "temporary" at first. A lot can happen in two weeks.
Maybe I'm over reacting and this will end up not being a big deal, but it seems pretty clear to me that the fire alarm has been pulled. So you gotta decide whether its real or a false alarm and how you're going to react. It really sucks to end up saying to yourself "I knew this was going to happen! Why didn't I do something?" _________________ "We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Joined: Oct 06, 2006 Posts: 1371 Location: East Texas
Posted: Fri Sep 19, 2008 9:10 am Post subject: Re: SEC bans short-selling in US
emersonbiggins wrote:
AgentR, I have to say that you couldn't have reappeared at a more fortuitous time. It will be interesting to see what seasoned opinions some of the older lurker/posters here have on the current situation.
I may be posting more because I'm stir crazy, and the only outlet I've got working at the moment is the dang internet!
You never know how much you'll miss coffee till you make your first pot by generator and can smell the wonderful bliss even over the oil and gas splattered on your gloves. _________________ Yes, we are. As we are.
And so shall we remain; Until the end.
Posted: Fri Sep 19, 2008 9:12 am Post subject: Re: SEC bans short-selling in US
Shannymara wrote:
Isn't this only for 2 weeks? I'm not trying to trivialize what's going on, but if the ban is only for 2 weeks it's very different than if it was permanent or indefinite, no?
Blah. Its irrelevant whether its permanent or temporary.
You folks love to talk "fundamentals", so let us consider fundamentals here. Fundamental is people are loisng their jobs. Fundamenetal is there is Resource Depletion. Fundamental is what we onece thought had value no longer has value.
HTF do you make a profit where EVERYTHING is losing its value at the same time? Then EVERYONE Short Sells at the SAME TIME also! If YOU can figure equities are going to tank, chances are the other bright bulbs doing this sort of trading can figure it out ALSO.
Man, I make jokes about it, but people here seriously think the money is REAL, and the market is REAL. <shakes head>
Posted: Fri Sep 19, 2008 9:14 am Post subject: Re: SEC bans short-selling in US
smallpoxgirl wrote:
I'm still pondering, but I'm seriously thinking about closing my investment account and moving to a mix of precious metals and cash. By that I mean physical metals you can hold in your hand and actual cash you can hold in your hand.
Sorry to be off-topic, SPG, but I realized something. The transformation you've gone through over the years makes me really sad. You used to strike me as a person with a really strong social conscience, a doctor, a volunteer medic at anti-capitalist rallies. Do you remember when you wrote this to me: "Things such as community integrity, ecological integrity, self sufficiency, and self-determination are more important than goods"? Now you sound like an arch-capitalist. I'm just being honest, not trying to tag you or play games. You don't need to respond or anything. The change is pretty shocking. _________________ Thinking outside the petri dish.
Posted: Fri Sep 19, 2008 9:27 am Post subject: Re: SEC bans short-selling in US
Tyler_JC wrote:
By the way, the SKF is currently frozen (read: worthless).
Along with every other short fund.
I have just been robbed of thousands of dollars by the US Treasury Department.
Cry me a river. Why don't you channel your energies into helping your country, instead of trying to profit in its hour of need? _________________ Thinking outside the petri dish.
Posted: Fri Sep 19, 2008 9:31 am Post subject: Re: SEC bans short-selling in US
JohnDenver wrote:
Now you sound like an arch-capitalist.
Yeah, well...here's the thing. In the last few months, I've managed to sock away a bit of money. 90% of it, I'm going to owe to the IRS come April 15 anyway. Those things in that post do mean more to me than goods. Way more. How do you get those things? I'm playing the capitalist game, because I need money if I'm ever going to have things like a sustainable place to live, goats, a garden. Can't buy those things without money. So I'm trying to protect what I've saved and if possible grow it. I've just moved from a phase of dreaming, to a phase of being able to act. That's all. Now we're coming on potentially scary times. In scary times, the unprepared are the first to get trampled. How best to prepare? _________________ "We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Posted: Fri Sep 19, 2008 9:33 am Post subject: Re: SEC bans short-selling in US
smallpoxgirl wrote:
I'm still pondering, but I'm seriously thinking about closing my investment account and moving to a mix of precious metals and cash. By that I mean physical metals you can hold in your hand and actual cash you can hold in your hand.
You are talking too much.
.gov is reading that.
Your friendly to-be-zombie neighbor is reading it too.
So they will know, where is their gold/cash.
Last edited by EnergyUnlimited on Fri Sep 19, 2008 9:37 am; edited 1 time in total
Posted: Fri Sep 19, 2008 9:35 am Post subject: Re: SEC bans short-selling in US
JohnDenver wrote:
Cry me a river. Why don't you channel your energies into helping your country, instead of trying to profit in its hour of need?
Help your country? You mean those greedy F---ers at Lehman's? Please!
Sorry man. I already donated $6 trillion to the billionaire welfare fund in the last three weeks. Come back some other time. _________________ "We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
This is...too much. It's like biting into a sandwich, you take a closer look and there's mold all over the contents. But you've already swallowed. A line from the 2nd Inspector Clouseau movie comes to mind: "Sanity and reason are things of the past, madness reigns." _________________ Cogito, ergo non satis bibivi
C'mon man, who're you gonna believe?
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