My mind is occupied.
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FletchChristian |
Sorry Guys | ||
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I noticed I ran all over the place on that last one.
My mind is occupied. |
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bresner |
Fletch.............you are the weakest link or missing link | ||
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Fletch this is an economics thread. I can't help you with your problems. DSTARCH. You gave solid advice for whatever kind of economic situations are out there. I know so many dipshits at work that are stuck with their "investment" real estate. It's a joke. G money, I realize the stock market has ticked up quite a bit lately. So has gas, food, health care etc. We could be looking at a 70's style stagflation. In addition, although food has become more expensive in the U.S. it has become expensive and scarce in other countries. I see more problems ahead. Although the dollar has recently rallied I believe it will be short lived. I think it could lose another 50% of its' value or more. It depends how long foreigners will be willing to subsidize our lifestyle. Savings rates Germany 10% France 12% China 30% U.S. .4% If we are so rich shouldn't we have a bit more savings??? Oh it's because we all made killer real estate investments and they are not factored in. Thank God we're fine. |
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NoStinkinBadges |
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That being said, I think it only prolongs the inevitable... we have to run out of resources. I think our end will be due to a virus, not an oil
shortage.
The web site goes on to explain why alternative power resources CAN'T possibly meet demand and that using them will create other serious problems, like
famines and global warming. Either that or the power they produce will be even more expensive than the oil. Basically, the conclusion is that we've blown
it by not preparing sooner and that a change away from civilisation as we know it is inevitable (in our lifetime). It's too late to make the switch
painlessly. Apparently, some "experts" have been having a hard time accepting that they can't bet on both red and black and not expect to lose in
the long run.
Last Edited By: NoStinkinBadges
05/03/08 03:08.
Edited 1 times.
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NoStinkinBadges |
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Uhavenoaction |
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For example, I don't think "casino worker" will be a job title anyone should rely on from now on. We need to learn how to grow food and make useful things. That's right, you heard correctly, you're going to have to do something useful for a living. A bit over the top, dontcha think chicken little?? Of course eventually the oil supply will run out, but I think that it will be a couple hundred years. Sure, production will slow as we get closer to the end of the fore-mentioned "curve", it will have to. Simple supply and demand will take (is taking) effect. The price of fossil fuel energy will eventually become too expensive for anyone to afford. Obviously alternative fuels/energy sources will, and are being produced. It IS time for the good ol' US of A government to invest ALOT of time and money into safeguarding its very existence, and take initiative to be weened off of oil....GASP!!! The Feds are going to have to tell their Big Oil friends that its been a nice ride, but "we have to redefine our association...." On the point of we are going to have to grow food and make 'useful things'....could you imagine ANY kid or young adult nowadays doing this, let alone 100 years from now?!? LOL!! |
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DSTARCH1 |
economy | ||
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well today i realised that food has gone up, i went grocery shopping and wow did i notice the price difference,
now i only go grocery shopping 2x a month but man come on almost 4 dollars for a loaf of bread, just rememberwhat i said , lets play it cool and not get into hot water and any unnecessary spending, try to pay off those bills so we can get ahead. |
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yecoyote |
economy | ||
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Ill say this about the economy.So whats new? Im old enough to have seen this same story repeated several times.And its the same old story.A few bad numbers and
it becomes a political blood fest.Try to get everyone all worked up scare the crap out of them and get elected or make alot of money.The year of the
shark.Remember that a few years ago ?The media had nothing better to do so they latched onto that story and you would think that someone was being eaten
everyday.When in fact that particular year the attacks hadnt in or decreased.Yep there is some shit going down.The idea the dollar could lose 50% is
absurd.Settle down is what I have to say.I do remember when interest rated were hitting 20%.this is nothing .Unemployment near 12%.Everytime for the past 25
years oil goes up the same old debate same old worries ,someone mentions peak oil and doomsday.Dont believe all the hype .If it bleeds it leads .I come from
apart of the country where the housing market is still very strong.Home prices havent dropped a nickel.The stories you dont hear because its good news are how
many people made a great deal of money during the realestate boom, as irrational as it all was. Our casino is as busy as ever.There well be eventually some
fairly large changes to our lifestyles,peak oil is real. Then youll all be driving electric cars made of carbon fiber , and nuclear well be a reality or if you
read much on the subject maybe giant solar panels in space that send microwaves down to power our lives.
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bresner |
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"The idea the dollar could lose 50% is absurd"
Actually, since the establishment of the Federal Reserve in 1913 the dollar has lost over 95% of its' value. There were two currencies in the U.S. that went to zero, the Continental and the Confederate dollar. After WW2 Argentina was the second richest country in the world. After their currency crisis over one fifth of the population went into poverty. The U.S. has changed the methodology for calculating unemployment and for inflation. If they used the same calculations now as they did in the 70's both would show much higher numbers then currently reported. the U.S. had some tough times in the 1970's yet they were still a net creditor nation and had trade surpluses ( at times). Today we are the largest debtor nation in the world and we have constant trade deficits and budget deficits. The roman empire did not lose any major battles that caused its' demise. They had the burden of paying for the empire which was done through currency debasement.(inflation). You are correct though, life will go on. The U.S. will still be a military power for years to come but their influence in the world will diminish greatly as their economic progress continues to lag.
Last Edited By: bresner
05/04/08 02:44.
Edited 1 times.
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NoStinkinBadges |
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A bit over the top, dontcha think chicken little?? Of course eventually the oil supply will run out,
but I think that it will be a couple hundred years.
Peak Oil may not be equated with the sky falling. The sky never needs to fall. Experts across all the pertinent fields don't agree that the sky is about to fall or must fall one day. Oil, being a finite, non-renewable resource MUST achieve a production peak at some point. Many experts say that that peak is about to occur, if it hasn't already occured (it should take a few years to realize that it has, after it does). As soon as it does, production (supply) will be ever decreasing, even as demand is ever increasing. When demand outweighs supply of any commodity, especially in the case of inelastic commodities like oil, prices rise. As the gap between supply and demand grows, as production continues to fall off, prices will continue to rise. That gap will be the more rapidly expanded by increased oil use brought about by the ensuing oil wars. How much does gas have to cost before you can't "afford" it (bearing in mind that the average family of four consumes as much gasoline in the production of its food as it does in powering its cars)? How much does it have to cost before 10 million people who earn less than you can't afford it? Do you suppose the US Auto industry can survive such a drop off in sales as that would cause? Does the fact that 1 in 10 American jobs rely on the US Auto industry make you feel that such a drop off in car sales could destroy the economy? Should any of that affect the casino industry? All that is now. It's not pie in the sky scaremongering. Getting scared isn't going to help you or save you. However, neither is hiding your head in the sand. It's time to get eduated and to watch the signs of the times. If it all began to go rapidly south tomorrow, what skills could you bring to the "post-industrial stone-age"? And did you really think the US was in Iraq to liberate Iraqis?
Last Edited By: NoStinkinBadges
05/04/08 02:54.
Edited 3 times.
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twentyonedealer |
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dont worry folks.....my FRIENDS at wynn say the union will take care of everything and make it all right in the world
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