REAL Green wrote: Yea if you are a 6 figure guy.
asg70 wrote: Envy...again. .
Hardly, I was once part of a family business that is now 1BIL plus. I probably have experienced more wealth than you and BTW, I am now a small permaculture farmer and if you were smart you would envy me.
asg70 wrote: BTW, I got myself out of debt BEFORE the bottom fell through on the credit crisis. I wasn't an idiot like all those who were suckered into those liar loans who then fell into foreclosure. Make yourself less vulnerable and you have less to worry about in a downturn. (And by "less vulnerable" I'm not talking about how to gather up and leach acorns.) .
Goodie for you. I hope all that debt free living will be able to feed you if SHTF. I don’t need to gather acorns. I have plenty of much tastier food.
REAL Green wrote: there is no break out yet with EV growth and there may never be.
asg70 wrote:You'll have to do more than just make a pronouncement like that if you want your prediction to be taken seriously.
Ah, what do you think you been doing lately, LOL. You have been making one prediction after another about EVs but I guess since you are a techno optimist 6 figure guy that is somehow different.
REAL Green wrote: You techno optimist are habituated to steady average growth and which recently has been a huge Ponzi Scheme.
asg70 wrote::) Ponzi scheme. The favorite term of our resident undiagnosed schizophrenic, Starving Lion. Now that's how to win someone over. Just keep banging out the term "ponzi scheme" over and over again.
It is what it is how else you want to explain excessive debt, ultra-low rates, and gobs of moral hazard mixed in. The asset markets in no way reflect reality considering real future earnings etc. You could write a book on Ponzi economics going on today and BTW about to pop.
REAL Green wrote: Deep down you are not comfortable.
asg70 wrote: What I'm least comfortable about isn't peak oil but rather global warming.
OK, we find some common ground. You have labeled me a hardcore peaker when that is not the case. Yet, don’t try to tell me PO is not relevant anymore when it is obvious peak oil dynamics are alive and well. Today is a great example with negative oil prices. POD does not have to be high/low prices or glut/shortages. POD is about oil complex distortions and destructive conditions. This is similar to climate change which is more than a warming world it is about climate destabilizing.
REAL Green wrote: I agree they will help in a small way prolong BAU.
asg70 wrote: And so the walking-back begins
AH, man, you like putting words in people mouths. I don’t ever remember saying anything contrary to what I said above. I guess if I agree with something it is then a walk-back. LOL.
REAL Green wrote: in times like this degrowth policies may be called for because the economy may be in trouble and triage
asg70 wrote: So please let us know what one of these "degrowth" policies will be that's enacted by the powers that be. What I see is nothing but "the center must hold" even in inadvisable ways like Trump's vow to bring back coal. When and how and why would that suddenly flip over 180'?
What I am saying is a dose of reality is going to bring on policies of degrowth by the force of fate. An economy that drops a level or two will not have the resources to do what it was doing before. This will likely be a combination of stealth monetary and fiscal changes too. It will be federal and local. It will be a broad-based condition of decline being realized by economic abandonment and dysfunction causing adaptive behaviors. Some of these behaviors will be policy based and others will just self-organize.
asg70 wrote: The last dozen or so years has proven to me that BAU is NOT AS BRITTLE as doomers insisted that it was
Agreed and this is why I call it a decline process not collapse. I am not a collapsenik but I do acknowledge it could happen because of cascading events.
asg70 wrote: I had been fully indoctrinated into thinking it was a house of cards. Now I know better. The best route forward for any rational individual is to assume that BAU will persist in some shape or form but to just try to stay out of debt, live within your means, and remain ambitious enough to max out your income rather than panicking, quitting your job, squandering your income potential, and disappearing into a bunker.
It is a house of cards but a very complex one with complicated nodes so that is a poor comparison until it starts to fall then it will be a better comparison. There are forces that don’t allow your happy 6 figure advice. No panicking here and no squandering. I am just enjoying green prepping which means low carbon capture along with risk management prepping activity. I am thinking about building a small bunker but it is not high on the list at the moment. I would like to have a saferoom, root cellar, and cistern together under the shop I want to build.