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PeakOil is You

PeakOil is You

Short Term | Long Term

Discussions about the economic and financial ramifications of PEAK OIL

Short Term | Long Term

Unread postby jasonraymondson » Sun 12 Oct 2008, 19:50:59

Let us say that this little issue works out for now and economy starts to 'magically' get better. How long until all of this magic money they have introduced begins to wreck havoc in the system.

I know that eventually prices have to start rising, you can't increase the quantity of one thing without affecting the demand of another and vice versa.
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Re: Short Term | Long Term

Unread postby idiom » Sun 12 Oct 2008, 23:56:32

On the upside it is giving Oil consumption a kick in the balls, delaying PO.

On the downside, new investments into hard to get Oil might get screwed over lowering the URR.

If it buys us even five years then the collapse may be worth it.
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The sky is falling, Voices crying out in desperation
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Re: Short Term | Long Term

Unread postby mos6507 » Mon 13 Oct 2008, 02:26:05

idiom wrote:If it buys us even five years then the collapse may be worth it.


That is, if you can stay employed and make use of that time to invest in preps rather than living hand to mouth.
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Re: Short Term | Long Term

Unread postby Gebari » Mon 13 Oct 2008, 05:35:13

The desperate steps governments are now taking to prop up this fundamentally unsound system may mean a quieter week next week, at least in the first few days, but I can see the optimism fading when people get their head around current events and I expect to see markets falling again.

Medium term things may stabalise/improve somewhat, but longer term (months/years) they've doomed us all.

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved
- Ludwig Von Mises, Austrial School of Economics


It's clear which path we are headed down! Hyperinflation and national bankruptcy for some.
The history book on the shelf, is always repeating itself.
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