- This topic has 47 replies, 1 voice, and was last updated 5 years, 2 months ago by pheasantenergy.
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September 3, 2012 at 2:04 pm #769526
TanDLParticipantWouldn’t using oil/gas reserves be pegging to an export price? We might be able to do that with gas as we have a lot of it still underground just waiting to be fracked, but do we have enough oil reserves available and could we hang onto it long enough to make that a viable option? I honestly don’t know, but have my doubts about how risky that would be, unless we were to develop other sources of energy really fast to lessen our risk of losing what reserves we have. Petro dollars, just like wealthy Middle East countries brought here to get a better deal from our banks?
September 3, 2012 at 2:52 pm #769527
JoBParticipantMeg..
I am old enough to have listened to depression stories first hand from adults who lived through it.
listening to what happened to people who were smart enough to take their money out of the banks but not wealthy enough to convert it to some other standard before the crash talk about what it is like to see your money lose value on a daily basis is sobering…
my family were farmers who were the luckier people during the depression because they could eat but they agonized over whether they should invest the lot in livestock and feed now because at least then they would be able to feed their families for a while longer or hang on and hope the dollar recovered in time.
their farms survived the depression.
they didn’t survive the great dust bowl…
and i wouldn’t be the least bit surprised to find that as a result of mega agribusiness farming techniques and global warming we have another coming.
we are very lucky to live here int he Pacific NW.
TanDL
yes, this crash could have been much worse than the depression
and it still could be if we don’t find some way to get Americans back to work
September 3, 2012 at 2:54 pm #769528
waynsterParticipantThe teapublican congress will just do the samething over and over check it out……lmao
September 3, 2012 at 3:05 pm #769529
redblackParticipanti agree with dobro’s assessment of willard’s economic plan. it’s voodoo economics on steroids. and instead of willard’s supporters actually, you know, supporting him, all they can come up with is why the current situation sucks and is likely to get worse. there’s a lot of blame for obama, but none for the deregulation that caused the multiple financial crises. and there’s certainly no talk of how stupid it was to begin deficit spending in the first place or tap into the SS trust fund.
you people need intervention before you talk to us about economics, because you’re in some serious denial.
voodoo economics on steroids is not going to improve the economy. neither is maintaining a massive trade imbalance. and both of those are planks in willard’s platform.
we’ve been doing that crap for 30 years – even under obama – and it doesn’t work. sure, you can inflate a bubble once in a while, but it will eventually deflate. sometimes violently.
September 4, 2012 at 6:17 am #769530
kootchmanMemberIt becomes harmonic oscillation… the swings are wider and wider, the volatility gyrations wider. well Messr. redblack… either ignore it, or fix it. The deficit clock hits 16 ttrilion on Weds night as the de-regulator makes the keynote speech.. wonder how many will recognize the irony? I will. I don’t think so waynster… but I doubt our character as a people to demand the sacrifice and reform. All I have heard from the left .. tax more, spend more, create more entitlements…. deeper and deeper into the abyss, That 27 acre plot of tillable acreage in TN is starting to look like the best thing I ever did. Bout’ the only left is to encircle it with concertina wire and buy a mule. You aren’t looking at the polls dude… we ARE supporting him. Democrats are having trouble coming to terms with their false prophet. you wanted all those government benefits that your SS dollars purchased… you got em’. Please redblack…. conservatives have been roundly ignored for 40 years about deficit spending.. glad to see you have converted. TanDL we don’t need petroleum… we have the largest world reserves of coal… a lot of it locked up on federal lands… Germany ran an entire war industry on coal/gas….North America has the worlds largest provem reserves of carbon fuels.
http://en.wikipedia.org/wiki/Underground_coal_gasification
http://www.energyandclimate.org/synthetic-diesel.html
The process of cooking coal into liquid fuel, on the other hand, has already proven itself on a massive scale. Take coal, add some water, cook it, and you’ve got a liquid fuel for your car. The hydrogen in the water bonds to the carbon and voila: hydrocarbons, such as octane. It’s the very fact that coal-to-liquids could work that make them such a scary idea for people devoted to fighting climate change.
The Nazis used the so-called Fisher-Tropsch process to provide up to half of their transportation fuel needs during World War II. Later, South Africa began a major coal-to-liquids program during the Apartheid era and now maintain the world’s largest CTL industry in the world. The country’s factories produce 160,000 barrels of fuel a day, a little more than all the residents and businesses in Utah use each day
September 4, 2012 at 11:29 am #769531
redblackParticipantAll I have heard from the left .. tax more, spend more, create more entitlements….
that’s because you only hear what you want to hear.
September 4, 2012 at 10:22 pm #769532
megMemberFrom Deutsche Bank’s latest annual study of long term asset returns: we are exceeding all observable historical limits, we are sailing in uncharted waters. We are “journeying into the unknown.”
http://ftalphaville.ft.com/blog/2012/09/04/1145111/jim-reids-journey-into-the-unknown/
“Core long-dated bond yields have hit their all time lows in 2012. In Holland (our longest time series), 10 year yields hit their lowest level in 495 years worth of history back in June this year and are only around 20bps higher now.”
…
“It’s perhaps no co-incidence that the trend towards persistent deficits started around the final collapse of the last link to a quasi-Gold standard back in August 1971.”
So, I ask you. Do these historically lowest-ever bond rates, exceeding 495 years of history, really matter to us, the non-financial types? Where could they disrupt our lives, our security, our happiness, our peace & existence?
A snowflake slides – a little bit. Each snowflake’s slide seems isolated, from the rest. There is no visible problem, everything looks peaceful and serene. You can’t hear anything, except the wind and silence of wild nature. And then another flake slips.
Read and Learn. Keep asking questions.
September 4, 2012 at 10:45 pm #769533
megMember“this crash could have been much worse…”
Job, This crash isn’t done, yet. It’s got a bigger & badder twin the majority hasn’t seen yet, since most only use their rear-view mirrors and can’t see anything until a tsunami actually hits.
I agree the 2012’s US Great Corn Failure has shown many people, who used their rear-view mirrors, the disasters lurking in climate warming and big-ag. Nay-sayers get real quiet & disappear, and try desperately to catch up on their education, once their rear-view mirrors tell them the story what hit ’em, huh? :)
I don’t get the part how NW is lucky, tho? I mean, I’m glad not to be sweating ,right now. Like a pig. But, is that it? We’re lucky not to sweat? I wish I had their soil for 1 thing.
September 4, 2012 at 10:48 pm #769534
kootchmanMemberImagine being on SS during the Carter years. Or, on a fixed income annuity. Then imagine a core inflation rate of 17%. Every dollar you get buys less of everything. Less food. Less medical care, less fuel.
Then. to stop the runaway inflation, the interest rates rise because the feds choke off the money supply… I believe at one time during that administration…a home mortgage rose as high as 17%. I bought my first home in WA…. with an 11/1/2 interest rate.
So, you have inflation, then a monetary correction which killed off jobs… in fact, jobs were scarcer then they are today. The two storm fronts collide… and you had a new world… “stagflation”… a stagnant economy beset with high interest rates and inlfation.
Now, we have the same scenario, except we have no Ron Reagan. The Carter years were terrible.. BUT.. instead of cutting off inflation as painfully as it was…. we keep printing more and more money… throwing it around as “stimulus” dollars. It will come back as roaring inflation. The deeper we get.. the harder the correction will be. See Japan went through this shortly thereafter and they did what? Lowered interest rates, printed money… and their recession didn’t last three years… it lasted almost two decades. The government is trying to avoid writing down the value of a collapsed housing market…. by lending at 4%… hoping inflation will make it go away and home values will rise.
when currency is worth nothing.. it buys nothing,
September 4, 2012 at 10:51 pm #769535
JanSParticipantI can’t imagine what it’s like in your household…all this doom and gloom, the world is going to end. And I’m betting no one argues with you, if you talk down to them like you do on here.
when does the fun begin for you?
September 4, 2012 at 10:59 pm #769536
kootchmanMemberSee, currency is not a scarce resource any longer. we don’t allocate it carefully. JoB never understands the argument that failed business ( Bain, GM,, Kodak) have assets of value that should be converted to cash.. which is then reallocated. But when your Treasury prints up 7 trillion.. where is the scarcity? This corn drought is not the first or the worst… but because there is so much cash.. there will be a hugh upside swing in prices.1956 was a worse drought, as was the “dust bowl of the 30’s”… 2011 was the wettest year in recent US History… weather cycles.
September 4, 2012 at 11:09 pm #769537
kootchmanMemberFunny how when someone doesn’t agree with you they are “talking down” to you… but they are enlightened, bright when they buy your line of reasoning. This stuff is not all that hard to understand. Meg… it has always been the nature of “us” to rearview mirror. We went into Viet Nam… prepared to fight WW ll. we fought on their turf, on their terms for the first half of that game. These are financially uncharted times to be sure. we will find out. Actually it is not doom and gloom.. not here. we could be wrong, might be wrong.. but we feel as secure as we could expect to br under a couple of scenarios. I would dearly love it to be better and more secure for all of us… but that’s why I am voting for Romney.
September 4, 2012 at 11:15 pm #769538
megMember(dining table, on the Titanic)
“What an old Grumpus you are, my boy! Why would you want to go & spoil ALL our dinners by bringing up the gloomy topic of lifeboats again? After all, it is Such a nice evening. And I heard the pheasant they’re serving tonight, is Delicious!”
September 4, 2012 at 11:21 pm #769539
kootchmanMemberMy favorite saying.. even the bilge rats went down with the Titanic… it was not a very discriminating event for all souls aboard.
September 4, 2012 at 11:23 pm #769540
megMemberYeah, I know rear view is normal for the most part. It can be overcome occasionally, with effort.
Evolution’s gift. We are a product of perfection, for a distant past.
I’ve always wondered then why do we have these big brains? My partner sez, for huntin and squintin on the horizon “what’s dat speck, food or danger?” and then we compare with our rear-view mirrors to guess what dat speck could it be.
We’re mostly non-verbal specialists. I think.
September 4, 2012 at 11:32 pm #769541
kootchmanMemberBut… we can… model a future and make reasonable assumptions.. somewhat limited by how much we know about the rear view… we are verbal so we can warn the rest of the tribe… looks like a dire wolf to me! Now one or two may say bullshit and walk towards the speck… won’t be tribe members for long!
September 4, 2012 at 11:35 pm #769542
megMemberPoor bilge rats. They had to suffer needlessly. :)
Yes, i understand. there’s so much to learn. how to translate “wolf” when modern dark speckles aren’t furry and don’t growl like old. DNA has been shaped over LONG time, for very specific patterns. We are speeding down the track way too fast now for evolution. She is very far behind. Yet, she is our master. Mistress.
September 5, 2012 at 12:48 am #769543
dobroParticipantOne great thing about Americans is they seldom buy into the doom and gloom BS and are much more impressed by optimism and forward thinking. I’m sure you remember Mr Morning in America. A big smile and a sunny outlook. The Repubs aren’t going to beat an incumbant Prez by beating the doom and gloom drum. But go ahead with your bilge, I’m sure you’ve got 50 more posts in you.
BTW, we could use your help over on the Social Security thread. Still whuppin’ up on that dead horse so you could bring a little of yer fancy economic super smart book learnin’ and remind us how SS is broke and fallin’ down. We’re going for 143 posts.
September 5, 2012 at 2:26 am #769544
kootchmanMemberSaid my piece… on 1/13 I get my first check… and I will gin every nickel out of it I can get. Gonna take that disability bump too.. so I get the full age 67 coverage… it’s my fishing money. Thank god I can live with, or without it. But take it I will. Reagan had faith most of us weren’t looking for gravy ladles to annoint us… he figured the constitution and freedoms were allvthe annointing we needed. It’s a dead thread dude. But you keep thinking it will be there forever… lotsa Greeks and Spainards thought so too.
September 5, 2012 at 2:30 am #769545
kootchmanMemberThe truly handicapped however are those that don’t look in the rearview mirror and can’t fathom creating their own future. That magical protein synthesis for forward thought has only had about 20K years to express itself…. it’s not evenly distributed yet.
September 6, 2012 at 12:31 pm #769546
redblackParticipantkootch:
Please redblack…. conservatives have been roundly ignored for 40 years about deficit spending.. glad to see you have converted.
name one. just one who had any influence over republican monetary policy.
the only thing i have converted to is not giving a crap about deficit spending – just like ronald reagan did. didn’t. whatever.
why? because it makes you angry. :)
September 6, 2012 at 12:50 pm #769547
JoBParticipantmeg..
Tsunami’s aside, the Pacific Northwest is likely to be least and last affected by climate change..
yes, our weather will get more erratic.. but we are predicted to still be able to produce food and although the technology will have to catch up we will have water and power.
The rest of our country is not likely to be as lucky.
the gold standard thing is more complicated since going off the gold standard and the emphasis on shot term profits happened at about the same time.
April 13, 2020 at 12:25 pm #975804
pheasantenergyParticipantGosh that’s quite a ramble.. you need to be a bit more concise with your statement, perhaps use paragraphs and bullet points to make it easier for people to understand.
What exactly are you asking here? You need to make it clearer. -
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