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roccman
Peak Oil Prophet
Joined: Apr 27, 2007
Posts: 4353
Location: The Great Sonoran Desert
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 Posted: Mon Jun 16, 2008 4:07 pm Post subject: The Anti-Dollar |
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W&G
| Quote: | | There is an old saying that “You can’t fight the Fed.” But oil is fighting the Fed. In fact, oil is scoring a knockout, like Muhammad Ali over Sonny Liston. Oil is floating like a butterfly and stinging like a bee — landing body blows and pinning the Fed against the ropes. |
Oh...It WILL be different this time.
_________________
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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MD
Community Manager
Joined: May 02, 2005
Posts: 3429
Location: Oh really?
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| Posted: Mon Jun 16, 2008 4:10 pm Post subject: Re: The Anti-Dollar |
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Americans need to figure out how to get by without gasoline.
Yes; you-all are included.
It just won't be there for most of you.
_________________
"It's not demand; It's not supply.
It's coming up with credit to buy"
10-Oct-2008
Schultz: I see NOTHING! I know NOTHING!
md@peakoil.com |
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roccman
Peak Oil Prophet
Joined: Apr 27, 2007
Posts: 4353
Location: The Great Sonoran Desert
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| Posted: Mon Jun 16, 2008 4:25 pm Post subject: Re: The Anti-Dollar |
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| MD wrote: | Americans need to figure out how to get by without gasoline.
Yes; you-all are included.
It just won't be there for most of you. |
Not possible.
We will not "get by".
YOU will not "get by".
There is no getting by.
What there is ...is what the four horsemen bring...and right now they are at the livery stable being shod.
_________________
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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Cashmere
Light Sweet Crude
Joined: Mar 27, 2008
Posts: 1971
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| Posted: Mon Jun 16, 2008 4:32 pm Post subject: Re: The Anti-Dollar |
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Agreed. Shod, fed, injected with steroids, and the horses are not going to pull a Big Brown.
_________________
Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group. |
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cube
Fusion
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Joined: Mar 12, 2005
Posts: 3588
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| Posted: Mon Jun 16, 2008 4:44 pm Post subject: Re: The Anti-Dollar |
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| Quote: | | There is an old saying that "You can’t fight the Fed." |
*delicate cough*
I think history has shown that ultimately in the end........"the fed" will always lose. |
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DantesPeak
Expert
Joined: Oct 23, 2004
Posts: 5922
Location: New Jersey
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| Posted: Mon Jun 16, 2008 4:55 pm Post subject: Re: The Anti-Dollar |
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Poster memmel has an interesting concept that commodities, more specifically oil, are money.
This may be an important and correct way of viewing our current monetary situation.
Last year here, I said hyperinflation was possible in the US and many scoffed at the idea. Even now, many say that commodites and especially oil are in a 'bubble'.
That may be a backward way of looking at things. What we have now is a rapid debasement of the dollar's intrinsic worth and inflationary expansion of the money supply at the same time. In these circumstances, things of value - oil - can 'rise' quickly in price. In reality, the 'high' price of oil is our warning a vicious wave of economic deflation is about to begin. But the 'price' of oil could adjust be beginning to go up.
So the worst of all possible worlds, higher prices and falling economies, could be ahead.
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It's already over, now it's just a matter of adjusting. |
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MD
Community Manager
Joined: May 02, 2005
Posts: 3429
Location: Oh really?
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| Posted: Mon Jun 16, 2008 6:20 pm Post subject: Re: The Anti-Dollar |
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| roccman wrote: | | MD wrote: | Americans need to figure out how to get by without gasoline.
Yes; you-all are included.
It just won't be there for most of you. |
Not possible.
We will not "get by".
YOU will not "get by".
There is no getting by.
What there is ...is what the four horsemen bring...and right now they are at the livery stable being shod. |
dude, see my sig. I'm in optimist mode. 
_________________
"It's not demand; It's not supply.
It's coming up with credit to buy"
10-Oct-2008
Schultz: I see NOTHING! I know NOTHING!
md@peakoil.com |
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smallpoxgirl
Moderator
Joined: Nov 08, 2004
Posts: 5746
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| Posted: Mon Jun 16, 2008 6:39 pm Post subject: Re: The Anti-Dollar |
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| DantesPeak wrote: | | So the worst of all possible worlds, higher prices and falling economies, could be ahead. |
Seems right on to me. It never made sense to me that oil shortage could result in anything but stagflation. Oil shortage -> decreased economic activity, i.e. stagnation. Meanwhile high oil prices-> high prices of everything else, i.e. inflation. Seems to me that's got to be the ultimate result. Maybe in OPEC countries it would produce garden variety inflation from so much money being pumped into their economies.
_________________
"So while you sit and whistle Dixie with your money and your power.
I can hear the flowers a-growin in the rubble of the towers.
I hear leaders quit their lying
I hear babies quit their crying.
I hear soldiers quit their dying, one and all." - OCMS |
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threadbear
Expert
Joined: Jan 22, 2005
Posts: 7508
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| Posted: Mon Jun 16, 2008 6:44 pm Post subject: Re: The Anti-Dollar |
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| DantesPeak wrote: | Poster memmel has an interesting concept that commodities, more specifically oil, are money.
This may be an important and correct way of viewing our current monetary situation.
Last year here, I said hyperinflation was possible in the US and many scoffed at the idea. Even now, many say that commodites and especially oil are in a 'bubble'.
That may be a backward way of looking at things. What we have now is a rapid debasement of the dollar's intrinsic worth and inflationary expansion of the money supply at the same time. In these circumstances, things of value - oil - can 'rise' quickly in price. In reality, the 'high' price of oil is our warning a vicious wave of economic deflation is about to begin. But the 'price' of oil could adjust be beginning to go up.
So the worst of all possible worlds, higher prices and falling economies, could be ahead. |
I will be so annoyed if oil turns out to be the new gold. S***!  |
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Plantagenet
Expert
Joined: Apr 09, 2007
Posts: 5925
Location: Alaska (its much bigger than Texas).
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| Posted: Mon Jun 16, 2008 7:00 pm Post subject: Re: The Anti-Dollar |
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| smallpoxgirl wrote: | | DantesPeak wrote: | | So the worst of all possible worlds, higher prices and falling economies, could be ahead. |
Seems right on to me. It never made sense to me that oil shortage could result in anything but stagflation. Oil shortage -> decreased economic activity, i.e. stagnation. Meanwhile high oil prices-> high prices of everything else, i.e. inflation. Seems to me that's got to be the ultimate result. Maybe in OPEC countries it would produce garden variety inflation from so much money being pumped into their economies. |
I'm still holding out hope that the US oil sector will remain very active, even if the rest of the US economy goes into the tank.
You already see some local energy booms going on in Wyoming, Utah, and even in the old oilfields of the oil-producing states of Texas, California, Louisianna, etc. We may well see increases in US offshore exploration, for instance. Oilfield jobs tend to pay well, and opportunites exist for everyone from the laborer to the union welder to the trucker driver to the roughneck to highly paid professional.  |
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seldom_seen
Light Sweet Crude
Joined: Apr 12, 2005
Posts: 1990
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| Posted: Mon Jun 16, 2008 7:10 pm Post subject: Re: The Anti-Dollar |
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heh. great quote.
We're burning the candle at both ends. One side rising oil prices. The other side, monetary inflation (an inverse response to our energy situation and the cessation of economic growth).
At the end of the day, all the fed has is a printing press. That's all they ever had. It wasn't so obvious though when money supply growth was more or less inline with economic growth.
Now that energy supply is headed south, and money supply headed north. The gap widens and the curtain is pulled back. Surprise! Your emperors are wearing their birthday suits. |
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roccman
Peak Oil Prophet
Joined: Apr 27, 2007
Posts: 4353
Location: The Great Sonoran Desert
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| Posted: Mon Jun 16, 2008 7:18 pm Post subject: Re: The Anti-Dollar |
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| Plantagenet wrote: |
I'm still holding out hope that the US oil sector will remain very active, even if the rest of the US economy goes into the tank.
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Well you can still "hope" PA (see my sig line).
That said, I work in the energy field. It is booming.
But when the bottom falls out...and it will...does not matter... we all will go down the shitter still hoping for something anything to ease the pain.
Ain't gonna happen PA.
_________________
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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Plantagenet
Expert
Joined: Apr 09, 2007
Posts: 5925
Location: Alaska (its much bigger than Texas).
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| Posted: Mon Jun 16, 2008 7:27 pm Post subject: Re: The Anti-Dollar |
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Hope .... is the worst of all evils because it prolongs the torments of man.
--Friedrich Nietzsche |
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roccman
Peak Oil Prophet
Joined: Apr 27, 2007
Posts: 4353
Location: The Great Sonoran Desert
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| Posted: Mon Jun 16, 2008 7:29 pm Post subject: Re: The Anti-Dollar |
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| Plantagenet wrote: | Hope .... is the worst of all evils because it prolongs the torments of man.
--Friedrich Nietzsche |
Mark this day on your calendars PO'rs !!!
PA and Rocc finally agree on one thing!!
_________________
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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Revi
Fusion
Joined: Apr 25, 2005
Posts: 3260
Location: Maine
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| Posted: Mon Jun 16, 2008 8:20 pm Post subject: Re: The Anti-Dollar |
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Remember what was left in Pandora's box after all the other evils had flown out? Just one thing, Hope...
http://en.wikipedia.org/wiki/Pandora's_box
From the above:
Pandora had been given a large jar and instructed by Zeus to keep it closed, but she had also been given the gift of curiosity, and ultimately opened it. When she opened it, all of the evils of mankind escaped from the jar, although Pandora was quick enough to close it again and keep one value inside- Hope.
_________________
Deep in the mud and slime of things, even there, something sings. |
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