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(Had our 'convient distraction' since 2009 - Owebama)
Pay my coupon [bitchez]
Speaking of "that" is there any way that maybe if the fedres buys all the treasury debt, they can get a "discount" rate from Benny to the prime rate? I mean, shit, since we went down the rabbit hole and no one flinched, would that make anyone upset? or just say, "see everything is fine with the debt!"
Look, this stuff is pretty simple-
the currency is based on debt. ALL debt's "value" is assessed on its ability to be repaid plus interest. The money IS debt and it's clear that the future cannot repay today's debts, the fundamental nature of our monetary system is what is imperiled. It's not a matter of this currency or that currency, it is aggregate confidence in the growth system and the future's ability to repay today's debt/money.
Damn Trav, you need need to post more often to keep some folks from wandering off into the microeconomic booby traps... getting all caught-up in the details and flipping out.
China selling...being saying that, on wires check moody's getting itchy for a rating cut re:US at some-point.
China is gonna force austerity onto the US...
right now all risk crosses (FX) are bid as the USD is sold, M2 money supply up.
China going nuclear...what a trade that will be
China's acting like fucking itself in the ass. Washington will have to bring *democracy* to Beijing in no more than 36 months. World War III will stimulate in a big way.
No point to attacking China. WW3 will be about Middle Eastern oil.
There are more than one new world order sects in the world. You have the Socialist US/European Democrat style NWO sect, the Communist NWO sect, the Islamic militant NWO sect; all unknowingly being used by the International Banking Cartel NWO sect.
Who do you think will win? My money is on none of the above but rather, the Ron Paul sect.
I don't really buy into this NWO stuff. I think everyone in a senior position knows peak oil is about to hit - hard - and all the geopolitical movement over the past 10 years has been gearing up for the event.
They can't even set up a functional currency for the European Union, which is a fairly nuclear unit - what sort of statistical likelyhood would there be for this to work, worldwide?
I considered "NWO" so much tinfoil hat crap for a very long time, but events of the last year or so have caused me to reconsider. Too many strange things are happening in a pattern that fits claims of NWO plans and doesn't fit much else.
I look forward to seeing the NWO force the Greeks' into austerity - considering the country's been serially defaulting for the past 100 years. And that's just one example.
austerity causes a country to turn into Mexico... we already did that to them. go check the books. No one works hard once they are in debt prison
The "new world order" has been around for at least 500 years.
It's called banking.
It is neither coming nor going. It might change shape a little. I doubt you will notice if/when it does.
Occam's Razor is very sharp tonight, indeed.
I think everyone in a senior position knows peak oil is about to hit - hard - and all the geopolitical movement over the past 10 years has been gearing up for the event.
Drop dead on again.
Remember Cheney's speech in 1999 about Oil demand in 2010? .
"By 2010 we will need on the order of an additional fifty million barrels a day. So where is the oil going to come from?... Oil is unique in that it is so strategic in nature. We are not talking about soapflakes or leisurewear here. Energy is truly fundamental to the world’s economy."
If you know it's going to crash, You pick the most opportune time and place for your side.
THAT is the end game.
The reversion to a solar-driven economy based on human and animal power will shake the human world to its foundations. It will be like a continuous 20 year long magnitude 9 earthquake.
move closer to work, a good food source, and within ten miles of a nuclear power plant.
One more from the link I posted above.
For the world as a whole, oil companies are expected to keep finding and developing enough oil to offset our seventy one million plus barrel a day of oil depletion, but also to meet new demand. By some estimates there will be an average of two per cent annual growth in global oil demand over the years ahead along with conservatively a three per cent natural decline in production from existing reserves.
That means by 2010 we will need on the order of an additional fifty million barrels a day. So where is the oil going to come from?
I don't really buy the peak oil theory.. I know it makes sense. It really bakes sense for the oil companies. It is always massaged just enough to keep profits the highest. $8 billion a quarter isn't bad money. I mean you do need the subsidies of course.... I'm mean you have got to make a living.
Can you imagine what would happen to Exxon profits if the world had the perception of mass oil in the ground.
I really don't buy the friction theory. I know it makes sense, and it's consistent with my personal experience, but this whole "friction" concept is just mighty convenient for all those oil companies wanting to sell me gas for my car and oil to lubricate things with. I think they invented friction to maintain demand for their product. Any time they want, they can turn off friction and we can forget those stupid laws of thermodynamics.
just throw some baking soda in there and forget about it
Peak oilers never seem to understand thermodynamics. They keep quoting it as if the fact that you can't create energy from nothing means anything in the face of the vast amount of energy raining down on our heads and radiating up from our feet.
But hey, don't let the facts get in the way of your death worship and Mad Max jerk-off fantasies.
Do you believe that in 10 years we will continue to be relying on foreign oil imports? 20 years? Serious question.
Well we better get our act in gear, n'est pas? Here is a great link that describes where we are: note the solar and geo-thermal contributions.
There was also a really sharp guy who was requested to write up on the implications and transition from oil
He did fuck up in that he thought it would be a sharper peak than the plateau we are on, but he did demonstrate that this is at least 20-25 year transistion and we are 5 years in with the equivalent of 3 months of work done. I read the report shortly after it came out.
The free market will fail because oil will be too economic until it is too late. It is the classic catch 22 and the problem of properly discounting future value.
Peak oil deniers never seem to understand sarcasm or irony, or to be particularly good at reading comprehension. They keep misreading statements and then attacking the strawman that they themselves created. Analogies are difficult for them. They keep preaching as gospel that the fact that oil is still being produced means that infinite amounts will be produced forever and ever.
But hey, don't let facts get in the way of your dopey religious cult and cornucopian jerk-off fantasies.
Tmosely is actually fairly sharp... However, he did get fooled in the first round of the debate that started in 2005 where the deniers were sucessful in framing any peak oiler as someone who thought we would be fertilizing our gardens with our own feces by 2010. By deniers I mean the astroturfers with pockets lined with Exxon money and outright corporate shills like CERA... So now he uses that same old line... too bad.
Good to know on all points. However, I am happy to return snide and condescending comments. I do find an amazing number of people who seem to fully grasp one or two major issues but lapse into magical (un)thinking on other important issues that shouldn't be any more difficult to understand. I think much of this has to do with one's ego and subconscious personal identity. For example, those who grew up since boyhood viewing a fancy car as an important feature of their very self are utterly terrified, even if only subconsciously, of losing that part of themselves. Those who focus on cash money as their concept of wealth may be unable to comprehend hyperinflation as a risk. Subconscious terror is quite effective in making people believe things that are demonstrably false.
Yeah, it does kind of bring in the whole value system into question doesn't it.
Well, it's been a long day at the Hedge. Time to check out...
lol...I have fancy cars.
I also am #1 PO guy around here.
PO is not the end of the world. It needn't be. But the unicorn beliefs of the deniers...TM talks about solar energy. WTF does that have to do with an OIL peak? Answer: nothing.
He's trying to skip ahead to a rebuttal of the CONCLUSIONS of some of the POers, and in doing so attempting to refute the entire thesis.
Let's not take this thread any farther to the right. It's getting too narrow and hard to read.
Double tap. Cornucopius must be upon me!
people say it wrong... that is why most of the little people can not grasp the idea...
it is not "PEAK OIL".
it is "Peak Conventional Oil"... which is to say sweet lite crude is no longer the lions share of what is available for the needs of the many.
No it is peak liquid energy...If you change the definition of oil as you go you can always say it isn't a peak...Hell they are doing it as we speak.
ANY physical resource will peak!
JFC, you can do a 5 minute google search to discover the peak production points of various elements in the USA in the previous century.
ALL physical resource production peaks. Conventional oil will peak. Nonconventional oil will peak. Uranium will peak. Gold will peak. Get it?
Peak "easy and cheap" oil is what we are talking about. There is plenty of hard to get to or environmentally challenging oil left to be pumped. The ex Shell CEO (Hoffmeister?) says we have trillions of barrels under Colorado and the Dakotas, but they are harder to get to. First we will use up the cheap and easy oil from the Middle East, then make the transition price wise to the hard to get to oil we have here. Drilling here for the 13 million barrels we import daily would also have the side benefit of creating hundreds of thousands of jobs here in the USA. Expensive oil will force changes on us (no SUVs, long commutes, higer food prices, etc..), but it will also allow for alt. energy to become more competitive.
Once your EROEI goes to 1.0, the resource is gone for most practical purposes, given current and known future production options. The resource is almost gone, for practical purposes, when EROEI is at 3-4. I don't care how much magic goop is buried miles down in tight rock if I can't get it out using less energy than the energy content of that goop.
EROI of 1 is past useless; don't forget that the point of turning something into usable energy is to get usable energy that can be used an an input to the economy. With an EROI of 1 you're just chasing your tail because the energy you create is just being used to create more energy.
And of course energy conversion is always an environmentally damaging process, the true costs of which are never accounted for and won't be until we are all dead from it.
For instance, if you have an EROI of 2 but for every unit of energy gained you turn 1000 gallons of water into toxic waste then was it really worth it?
You are the making the same mistake as the recent round of shills on CNBC. Green River and the Western slopes is not oil, it is kerogen, the geologic precursor to oil. It is rock. The Bakken is liquid oil trapped in low permeability rock. Big difference. Now, the shills on CNBC are deliberately confuscating the issue and using oil shale and shale oil interchangeably. Poor Erin Burnett has been hood winked.
There are a number of kerogen deposits. Isreal and Estonia mined the rock and burned it as lowish grade coal. Kerogen has the energy density of a baked potato. As one wag once said. "If I told you that you have a trillion pounds of tater-tots in buried in your backyard, would you run out and start digging them up?"
No one has a fucking clue what to do with kerogen despite knowing its role in the geology of oil for 60 years. Hell, their were "proposals" to detonate subterranean nukes to bake the kerogen into something resembling liquid goo.
ah, tmosley with more ignorance of the difference between energy and power and no grasp of EROI
BTW, Trilogy looks good at a first go over. I like the oil/gas ratio.
lol, solar energy is indeed abundant, but that is not the problem. Solar energy hitting the Earth is greatly diffused. The problem is collecting it, concentrating it, and turning it into a usable form. Then there is the very large problem with storage. (Keep in mind that fossil fuels are basically highly concentrated, stored energy.) Because of the laws of thermodynamics (that us peak oilers don't understand) energy is most efficiently used immediately; if you have to store it then you have to change the form again, first for storage, and then back from storage to a more useful form, and there is major inefficiency in that. Not to mention the environmental problems with large-scale energy storage.
The only jerk-off fantasy I have is the hope that industrial civilization will collapse before we completely fuck up the planet, for the good of our future generations and the rest of life on Earth.
>> I don't really buy into this NWO stuff.
What the fuck are you talking about? There is nothing for you "buy". Just do some fucking research.
I agree 100%. That said I see a lot of parallels with Glenn Beck's outlook on the big 3 NWO movements.
My question to you is this.... Do you think GB is a benedict Arnold? I have been following him since CNN, and still think he provides a lot of valuable and truthful info, but, I personally think he has sold out. I think someone offered him gold or lead on March 3rd last year, and he ended up canning his FEMA camp show. I lost a lot of faith in GB after that, and continue to do so everytime he trashes 9-11 truthers.
Now I spend more time with the alternative media, Alex Jones, RT, ZeroHedge and Turd for financial.
Glenn Beck is a child. Children make mistakes. Everyone learns as they go.
Beck identified the Federal Reserve on his show today being a major factor in worldwide food inflation, which is a large factor in sparking the revolutions. I don't see other MSM programs pointing the finger at the Fed. Beck will be hard to shut up and he should use his power to his advantage.
He also aired the "Bad Jew" video today. The more publicity, good or bad, on this issue the better.
Big Fat Secret Exposed!
75% of workers are not eligible to receive a retirement pension, only SS and maybe 401K.Those 75% have to guarantee payment to those 25% who are eligible to receive pensions through their taxes.
How many of those 75% of taxpayers are aware of this and how do you think they feel about that?
There will be more union busting in our future. Looking forward to it.
bust the USA too, that's a union. don't forget all pro athletes and writers, actors and the rest .. hell let's just watch rich old boring fucks play sports and make movies..
should be a great old time
The attack is on weak unions but the unions with the steepest cost increases, and greatest cost to most Americans, are not being discussed... I am talking about the AMA... American Medical Association.
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