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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
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The above is worth reading and so I will read it. I can tell right away that this type of 'dooms day' communication misses the mark by a wide margin i.e. it is less than half true.
To offer a measure of perspective concerning my claim of 'deception' above please consider diving into the following accounting.
http://www.austrianforum.com/index.php?showtopic=364
The link above documents a time when I began another run for the congressional seat for my district based upon "NEWS" called "Peak Oil". The "News" is half true at best so my dire need to do something (run for office) evaporated with the exposure of accurate data. Future human existence can be made horrible as the ENERGY supply lowers.
The Sun supplies enough energy for human civilization. That is fact.
The 'dooms day' machine likes to predict dooms day because that tactic nets a profit. In simple economic terms; selling short based upon insider trading.
Rather than conducting a market survey the idea is to steer the market into a state of scarcity and then profit on hedging bets or in Craps it is 'betting on the don't pass line'.
I'll read the first link shortly and I will return here to retract or adjust some of my current communications if things turn out different than expected.
If there is going to be a depression or recession it will be a result of actions intending that very end. The people who pay the cost will be the people who have invested poorly. An example will be a person who invests in anything that cannot be readily converted away from the U.S. dollar. Those people include people with 401K retirement accounts and that is one example.
On the other hand: people who invest in alternate energy production will not be in as dire straights when the dollar value plummets. Imagine for example a person who didn’t sink their extra earnings into a 401K plan and instead the wise investor bought Solar Panels. By comparison the 401K investor has x amount of something while the Solar Panel investor has a steady flow of electricity. If the 401K investor has a steady flow of ‘interest’, the, the same amount of investment in Solar Panels creates a steady flow of electricity. If the 401K plan ‘investor’ gains ‘interest’ on his ‘interest’, then, the Solar Panel investor gains more solar panels, more efficient electric appliances, a Solar Powered Car (too bad these are not being mass produced and therefore very cheap = see “Who Stole the Electric Car”), and perhaps hydrogen production to replace the natural gas bill (costs).
So…what happens when the dollar crashes?
Mr. 401K has to sell off his plan before the dollar value reaches zero and he must pay all the associated penalties, IF, the Bank (that is no longer in business) agrees to process the paper work.
Mr. Solar Panel/Solar car can start a taxi service and his fuel is provided by his Banker that rises up every day and sets every night just like clockwork only more dependable.