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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 - Marc Faber - "let the crisis burn itself out"...
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Marc Faber - "let the crisis burn itself out"...

 
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Roccland
Peak Oil Prophet


Joined: Jun 16, 2007
Posts: 1696

PostPosted: Fri Sep 26, 2008 7:53 am    Post subject: Marc Faber - "let the crisis burn itself out"... Add User to Ignore List Reply with quote

short 3 min. vid

Oh - it is going to burn out alright...independent of what congress does...
_________________
500 MPH into a brick wall - me
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TreeFarmer
Heavy Crude
Heavy Crude


Joined: Jun 26, 2007
Posts: 352

PostPosted: Fri Sep 26, 2008 11:35 am    Post subject: Re: Marc Faber - "let the crisis burn itself out". Add User to Ignore List Reply with quote

Ah yes, good ole leverage. Its like I tell my students, leverage is OK as long as you can stay on the right end of the lever. Smile

TF
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GeneralGreen
Heavy Crude
Heavy Crude


Joined: Jul 04, 2008
Posts: 242
Location: Europe: European Historian

PostPosted: Fri Sep 26, 2008 12:08 pm    Post subject: Re: Marc Faber - "let the crisis burn itself out". Add User to Ignore List Reply with quote

Good 3 minute vid..That women at the end was annoying wish she'd just shut the F4Ck up! Talking about nothing....
Marc Farber is right on!
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