Exploring Hydrocarbon Depletion
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Sys1 wrote:Great article (i love doom articles), but i think it has already been post
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.KevO wrote:Sys1 wrote:...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.
sittinguy wrote:Even with high gas prices and food prices people are getting along OK for now. Everyone I know still has 150 channels on TV, high speed internet, pool pump running, luxury food items, A/C on 74 degrees. And all people had to do was give up a hobby or cut back on them.
So things are going to have to WAY more expensive to REALLY get attention with action required. Rite now it just gets your attention.
My personal theory is people living within their means, even if its paycheck to paycheck, will do OK
People that NEED to use a credit card every month to make it to the next check,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,ARE SCREWED
but what do I know
Cloud9 wrote:Even those of us on the sidelines my run out of popcorn before this is over.
TheDude wrote:Why not 1373?
He says the Weimar's need to pay remittances was a factor in 1929 that isn't present now, but what would you compare the enormous scale of US debt to?
Specop_007 wrote:I dont know why everyone complains about the level of American debt. Look at our debt as a percentage of GDP, then compare it to many other first world countries.
You may be suprised......
Snowrunner wrote:Specop_007 wrote:I dont know why everyone complains about the level of American debt. Look at our debt as a percentage of GDP, then compare it to many other first world countries.
You may be suprised......
Personally for me (from the outside) it's the rate at which it increases for one, but the other thing is that the US already in the late '90s relied heavily on foreign investments to stay afloat.
Then there is the ongoing cost of (at least two) very expensive wars and not a lot of options to cut internally before hitting the bone.
Specop_007 wrote:As for cutting, I personally believe we could cut damn near a trillion from the budget. its important to remember the enumerated powers. Spending outside of that is not hitting bone. We may think we need to spend half a trillion a year on social programs, but frankly we do not.
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