Compare with 1929 (merged)

[MonteQuest]

You ignored my question if you want be a moderator be moderator if not don't post.

Oh, so I cannot ask why an off-topic is posted?

Well, can you make the case that it is due to hydrocarbon depletion?

If not, then why did you post it here?

Pretty simple question. Off-topics aren't suppose to be posted here.

What about the Zionists posts and the 911 inside job thread their relation to PO is what exactly?

Those are in the Open forum, are they not?

[MonteQuest]

i don't want to argue with anybody but having "economic" forum that has to be connected to oil is stupid,

Stupid?

On a peak oil site where the primary issue is exploring hydrocarbon depletion and it's consequences?

If you want to post about economics go to an economics website forum and have at it, or, as people do, post in the Open forum.

[master_rb]

MonteQuest

in my opinion people who come to this site are well educated and have broad interests - not just PO, whenever i see a discussion about dollar, debt, subprime problems, housing, greenspan etc... i see huge number of posts sometimes more than news directly related to PO like new oil field discoveries, the only PO news that have more responses than economic ones are decline rates coming from Mexico or SA

i base my opinion on visiting this site often, i see a lot of problems with people posting in "wrong" places because of not relating to PO, from what i've observed economics is a huge part of PO and can't be left in open forum, it's just too imporant, either get rid of the constraint on economics forum or create a new forum for non-PO related economic discussion

if it was me, i would put all the economic topics in one forum just to keep things together and avoid problems with moving the topics, this is just my opinion

[Bas]

This is definately a major milestone and a much more important signal than the weakening dollar (which is still within a historical band) as for investment people tend to look to the long term outlook as opposed to the short term outlook that generally rules the currency market. America was always seen as the savehaven for investments and it's economy has always profited handsomely from that notion too.

[Eli]

Anyway...


It was interesting reading about an investment guru like Jim Rogers deciding to pick up and move out of the US.

(hey Monte that thread was posted on the current energy news maybe you should go tilt against that windmill)

Chuk you bring up a good point. I agree the average guy who is just funding his 401k or the retired guy who checks his stocks twice a year has no clue what is coming.

What you do see is that the smart money is already in China they know that is where the growth is and will be. That is why Jim Rogers says he is willing to ride out any decline in the Chinese market even if they lose 30% he will ride the market out. He has pulled all of his money out of the US.

Bas I agree it is historic, I think that a lot of smart people know the storied old American consumer is about to go tits up and once the banks can't get him another line of credit it is all over.

[Jack]

i base my opinion on visiting this site often, i see a lot of problems with people posting in "wrong" places because of not relating to PO, from what i've observed economics is a huge part of PO and can't be left in open forum, it's just too imporant, either get rid of the constraint on economics forum or create a new forum for non-PO related economic discussion

The subject of peak oil is large. By subdividing the problem into smaller parts, it becomes possible to consider different aspects of peak oil and the impact thereof.

Mixing general economics into the regular economics forum tends to dilute, and thus detract from, the usability of the resource for the intended purpose.

Subdividing the open forum into some arbitrarily large number of sub-forums evades the key focus of the site - that being peak oil.

If someone posts in the wrong forum, the thread is transfered to the correct forum. That hardly seems problematic.

As for the prime drivers - the U.S. economy is poorly managed. We have large trade deficits, a chronic budget deficit, and few real prospects of changing those realities. We have, to date, subsidized lifestyle with borrowed money. This can lead to nothing but debasement of the currency; which creates incentive to disinvest in dollar denominated assets.

All of which makes my precious metals oriented assets appreciate. So I suppose it's all good.

[MonteQuest]

what i've observed economics is a huge part of PO and can't be left in open forum, it's just too imporant, either get rid of the constraint on economics forum or create a new forum for non-PO related economic discussion

Duh? That is precisley why there is a Depletion Economics forum because it is a huge part of peak oil!

But all economics discussion is not tied to or because of the peaking of oil.

We also have an existing forum for non-PO related discussion.

It is called Open Forum.

This decision is based upon past experience. If we leave the forums open to all posts, the off-topics will push the on-topics off the front page where few will go to read them.

While I am no longer a moderator, I am still involved with making sure the site runs well.

[MonteQuest]

MonteQuest

in my opinion people who come to this site are well educated and have broad interests - not just PO,

That's why we have the Open forum.

We are not a "broad interest" forum, we are a peak oil forum.

[MonteQuest]

As for the prime drivers - the U.S. economy is poorly managed. We have large trade deficits, a chronic budget deficit, and few real prospects of changing those realities. We have, to date, subsidized lifestyle with borrowed money. This can lead to nothing but debasement of the currency; which creates incentive to disinvest in dollar denominated assets.

Bottom line, foreign demand for the U.S. dollar funds the U.S. federal budget deficits. Foreign investors flush with dollars typically look to U.S. treasury securities as a means of secure investment. With a large reduction in such investment, the country could potentially go into default. For example: If you owe your bank $10,000 and you can’t pay it back, you’ve got a problem. But if you owe your bank $3.5 trillion and can’t pay it back, then the bank has a problem. In finance, at least, size does matter. Things could turn very bad, very quickly. Investment money would flee the country, real estate values would plummet, and Americans would shortly find themselves living in Third-World conditions. We'll be like the monarch used to riding around in an extravagant litter, only to find ourselves dropped to the ground with no hands to carry us.

[master_rb]

MonteQuest, Jack

i understand your point, it's a matter of preference, some people like to have things more strict some like it more open, that's all

if you insist on keeping it the way it is, it's fine with me, strongly PO-centric or loosley PO-centric this site will be a good place for information and interaction either way

[max_power29]

Well, can you make the case that it is due to hydrocarbon depletion?

If not, then why did you post it here?

Will you knock it off with all these annoying identical posts? everything in our current civilisation has to do with oil one way or the other.

[max_power29]

And I will admit I am wrong about money=oil if you can prove that the world economy is not dependent on cheap and available oil.

When the great depression started, precious metals were dollars. Coal and solar were the main energy sources. Oil power was just beginning. Now oil is dollars and everything is dependant on it.

[max_power29]

MonteQuest

in my opinion people who come to this site are well educated and have broad interests - not just PO, whenever i see a discussion about dollar, debt, subprime problems, housing, greenspan etc... i see huge number of posts sometimes more than news directly related to PO like new oil field discoveries, the only PO news that have more responses than economic ones are decline rates coming from Mexico or SA

i base my opinion on visiting this site often, i see a lot of problems with people posting in "wrong" places because of not relating to PO, from what i've observed economics is a huge part of PO and can't be left in open forum, it's just too imporant, either get rid of the constraint on economics forum or create a new forum for non-PO related economic discussion

if it was me, i would put all the economic topics in one forum just to keep things together and avoid problems with moving the topics, this is just my opinion

Exactly

[MonteQuest]

Well, can you make the case that it is due to hydrocarbon depletion?

If not, then why did you post it here?

Will you knock it off with all these annoying identical posts? everything in our current civilisation has to do with oil one way or the other.

If you don't like the site policy, go elsewhere.

[KevO]

As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues that things risk spiralling out of their control

Twenty billion dollars here, $20bn there, and a lush half-trillion from the European Central Bank at give-away rates for Christmas. Buckets of liquidity are being splashed over the North Atlantic banking system, so far with meagre or fleeting effects.

As the credit paralysis stretches through its fifth month, a chorus of economists has begun to warn that the world's central banks are fighting the wrong war, and perhaps risk a policy error of epochal proportions.

York professor Peter Spencer, chief economist for the ITEM Club, says the global authorities have just weeks to get this right, or trigger disaster.
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"The central banks are rapidly losing control. By not cutting interest rates nearly far enough or fast enough, they are allowing the money markets to dictate policy. We are long past worrying about moral hazard," he says.

"They still have another couple of months before this starts imploding. Things are very unstable and can move incredibly fast. I don't think the central banks are going to make a major policy error, but if they do, this could make 1929 look like a walk in the park," he adds.

3 PAGE FULL ARTICLE HERE


.

[Sys1]

Great article (i love doom articles), but i think it has already been post

[KevO]

Great article (i love doom articles), but i think it has already been post

Sorry if it has. I assume it must have been posted over the Crissie period when I was AWOL.
It is about as doom as doom can be

[steam_cannon]

...but i think it has already been post

Sorry if it has. I assume it must have been posted over the Crissie period when I was AWOL.

Yeah "The Hammer" found it first! But it deserves to be reposted. It's an important article and the original title was a little over the top so some people might have missed it.

Force 10 Doomer Porn! - Just weeks to get this right...
"Crisis may make 1929 look a 'walk in the park'"
http://www.peakoil.com/fortopic34969.html

[Kingcoal]

"exigent circumstances" "denouement"

I love it, I'm going to use these terms when the bank calls.

[charliebrownout]

It will be more like 1873.

Link found on Ron Paul's Campaign for Liberty.