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: Mar 10, 2007 Posts: 91 Location: eastern Washington state
Posted: Fri Sep 19, 2008 3:59 pm Post subject: Etch-A-Sketch end of Wall Street woes?
Cuckoo-Clock George came on the boob tube today, as I am sure you are all aware, and essentially said, "All this bad debt on your books is really hindering business as usual on Wall Street, so we're just going to buy all that bad paper and get things back to normal."
Huh? Everything's just hunky dory, let's just shake the etch-a-sketch and start over? Aren't there any consequences to this, and if not, why didn't they do it sooner and more often?
Please explain. It just seems weird. _________________ Give a man a fire and he's warm for a day, set fire to him, and he'll be warm the rest of his life. - Terry Pratchett
Posted: Fri Sep 19, 2008 4:08 pm Post subject: Re: Etch-A-Sketch end of Wall Street woes?
Etch a sketches won't be required as long as peak paper doesn't happen. _________________ People first, then things, then dollars.
There will be enslavement, cannibalism, & zombie invasions.
Posted: Fri Sep 19, 2008 4:26 pm Post subject: Re: Etch-A-Sketch end of Wall Street woes?
I saw a Letterman where he had an etch-a-sketch on as a "new toy for Christmas".
It had a single dial in the middle.
Letterman says, "this one is for the slow kids."
OP - there are 1/2 dozen threads on this already. _________________ Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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