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Originally posted by MamaJ
reply to post by queenofsheba
The American Dream comment made me think of this video..... George Carlin says it loud and clear.
I couldn't figure out how to embed it? lol sorry...
Peak oil is a juggernaut that answers to no one. The desires and opinions of consumers and businesses will have no weight when the oil is gone. They will be forced to abandon that $30 trillion of then worthless rolling stock and infrastructure if they wait till Mother Nature shuts down the gas pumps.
Trying to preserve the automobile with its freeways and fuel tanks will inadvertently hasten our economy's decline. In the next few years we will either spend another $30 trillion more just to operate and maintain our ill-fated oil-based monstrosity -- most of it leaving our economy to support unfriendly regimes -- or we will spend a "mere" $10 trillion building a post-automobile transportation system -- boosting our own economy -- designed to operate henceforth sustainably with solar energy already bought and paid for, without fuel, for the long term.
Originally posted by beezzer
Um, financial noob here, but what if Greece decided to go back to the Drachma and value it at a rate consistant with the euro (or even higher)?
Sure, the rest of the Euro-pean countries would lose out but not at the rate or severity if Greece kept the euro.
Greece could then "re-set" and their economy would stabilize.
It'd also stop weasels like Soros from selling short on the Euro.
Just a thought. Feel free to poke holes in it, just shooting from the hip here.
Banks at Risk
Moreover, should Athens turn its back on the common currency zone, it would have serious implications for the already wobbly banking sector, particularly in Greece itself. The change in currency “would consume the entire capital base of the banking system and the country’s banks would be abruptly insolvent.” Banks outside of Greece would suffer as well. “Credit institutions in Germany and elsewhere would be confronted with considerable losses on their outstanding debts,” the paper reads.
Originally posted by Variable
You know what the world really needs is a good plague. Make those that survive MUCH more valuable, redistribute the existing wealth to fewer people. It would force those that survive in to a sustained period of high productivity because of fear of ... well ....it happening again. War may work but, it would too haphazard and destructive - plus, unless it went nuclear or biological, it wouldn't kill enough people. Nuclear is not a good idea because it lays waste to otherwise fertile and productive land. Much better to have a plague.
Originally posted by poet1b
The government has to play the role of the impartial rule maker. That is the only way for the market system to work effectively, and this has been done numerous times in the past, and it can be done again. It is by convincing people that government can not play the role of impartial rule maker, have the super rich succeeded in destroying what worked, out of pure greed.
Originally posted by gabby2011
Looks like the well engineered financial plan by TPTB is coming together...out of chaos , they will create their "order"
Originally posted by poet1b
reply to post by mbkennel
That might work in Europe, but it will only increase immigration pressure.
The U.S. has far larger problems.
World on the verge of an economic collapse says Soros