How then, do we move backwards? How does a society, with most of the people having no clue of future events, move from being dependent on a vast and intertwined network of goods and services produced by the indigenous people of whereever, to a local resource and renewable energy based society, and do so in the timeframe available (20-30 years using the most liberal extimates, 10-20 with resonable estimates, 5-10 with worst case scenarios), all the while prices on everything increasing, world politics getting more militaristic, governments continuously reducing civil liberties, shortages of goods on the market and weather patterns resembling bad Hollywood movies?
Joined: Sep 30, 2004 Posts: 975 Location: On one of the blades of the fan
Posted: Fri Oct 05, 2007 10:11 am Post subject: US economic problems hit my US partner
I'm feeling a bit despondent today.
For about 18 months I have been working on a new digital product aimed at the USA. For business reasons I won't say what it is.
After some searching for the right US partner to do the sales and marketing of it (it's somewhat innovative) I found a dynamic individual who I got on well with in NYC. He'd sold his successful business to a bigger company and was looking for a new challenge.
We bounced ideas off each other. His input improved the product.
For fairly obvious reasons, I didn't tell him about Peak Oil. You can imagine the conversations: "I hope we can hurry up with this project, before the US Economy collapses. By the way, don't get too fond of your dogs, you might have to eat them someday soon."
I did try to encourage him to diversify some of his money into other currencies earlier this year, and cut down his energy consumption.
Ominously I haven't been able to contact him for a few weeks; yesterday I received an email basically saying he can't continue with the project.
He is "heavily leveraged" in the property market and has, I think, reading between the lines, find a job quickly because he can't sell his properties (he had four, which I doubt he has been able to move).
I am upset, but I am also feeling a little guilty. Although I didn't know the US property market was going to plummet, I was more aware of it than him. Of course it would have been foolish of me to suggest to an acquaintance what he should do with his property, the financial turbulence might hit him really hard.
So the economic woes are not just in suburbia, but hitting what I would describe as a savvy, technocratic, middle-class media businessman.
There you are - my bad news for the day. A trouble shared is a trouble halved and all that.
Posted: Fri Oct 05, 2007 12:08 pm Post subject: Re: US economic problems hit my US partner
julianj wrote:
So the economic woes are not just in suburbia, but hitting what I would describe as a savvy, technocratic, middle-class media businessman.
Why are you trying to make a distinction between suburbia and savy, middle class businessmen? That sounds exactly like the people who live in suburbia to me!
Posted: Fri Oct 05, 2007 12:18 pm Post subject: Re: US economic problems hit my US partner
Sorry to hear about that. _________________ 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 Oct 05, 2007 3:05 pm Post subject: Re: US economic problems hit my US partner
julianj wrote:
I'm feeling a bit despondent today.
He is "heavily leveraged" in the property market and has, I think, reading between the lines, find a job quickly because he can't sell his properties (he had four, which I doubt he has been able to move).
I am upset, but I am also feeling a little guilty. Although I didn't know the US property market was going to plummet, I was more aware of it than him.
So the economic woes are not just in suburbia, but hitting what I would describe as a savvy, technocratic, middle-class media businessman.
Yeah, sounds like a savvy type... NOT. I understand you're not in America, but anybody who had an ounce of sense wasn't overleveraging themselves in real estate with the plan to sell them around '07. Only stupid were doing that (and we have a lot of stupid people).
I wouldn't even title this "US Economic problems hit my US partner". Maybe, "My partners retarded decision making hit my partner".
Joined: Mar 28, 2005 Posts: 399 Location: Northern California, USA
Posted: Fri Oct 05, 2007 11:29 pm Post subject: Re: US economic problems hit my US partner
Yeah sounds like some people I know. Guy I know owns two houses. Made the mistake of buying one before selling the other. I told him about a particular product I highly recommended that cost $50. He told me he would have to buy it the next bonus he gets! I had been ranting and raving to him to sell his house for the last 2 years. Guess he just got numb to it.
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