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jasonraymondson
Fission
Joined: Jul 04, 2007
Posts: 2220
Location: The U.S.S.A
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 Posted: Sun Oct 12, 2008 5:50 pm Post subject: Short Term | Long Term |
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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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idiom
Intermediate Crude
Joined: Aug 23, 2004
Posts: 525
Location: New Zealand
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| Posted: Sun Oct 12, 2008 9:56 pm Post subject: Re: Short Term | Long Term |
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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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Congress has found themselves in a bear trap. They will chew off three legs, and still be caught in it... |
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mos6507
Fusion
Joined: Aug 03, 2007
Posts: 4382
Location: Boston Suburbs
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| Posted: Mon Oct 13, 2008 12:26 am Post subject: Re: Short Term | Long Term |
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| 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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As long as I am around, there are no worries we have reached "Peak Words"
--ReverseEngineer |
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Gebari
Tar Sands
Joined: Jun 29, 2008
Posts: 88
Location: Great Britan
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| Posted: Mon Oct 13, 2008 3:35 am Post subject: Re: Short Term | Long Term |
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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.
| Quote: | 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.
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The history book on the shelf, is always repeating itself. |
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