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Author Topic: Fossil Fuels: Degraded Democracy and Profit Over Planet Pollution  (Read 16049 times)

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AGelbert

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    • Renwable Revolution
You know what the number one destroyer of net worth is?

Divorce.

People work like crazy, try to get ahead, make some gains, and then more times than not  it all goes up in smoke when they pay attorneys and courts to get them out of the marriage that they just knew was going to last forever. And they then repeat the same mistake a second or a third time.
I find this thread quite extraordinary.  How are the government going to provide everyone with affordable gasoline for another 16 years? How are they going to provide electricity to keep the markets operating, so that you can sell your shares and bonds?  What will be the Collapse that has happened, even though BAU seems to be carrying on as before?  No wonder everyone here is bored with all this collapse talk.  There's no sense of urgency.

This is all fantasyland stuff.  You will be happy enough to barter a 1 oz gold coin for a loaf of bread if you are hungry enough (it only takes a week without food) without worrying about whether you got 3%/year advantage out of it.

16 years !!!

Well, as you know I basically agree with you on this, which is why the plan I propose is weighted heavily toward hard goods.

The folks who talk about "retirement savings" are first off ones who are high income earners, and second they believe in (hope for) a "slow catabolic collapse" of the JMG Mr. Wizard variety.  A slow winding down of the economy but not a complete and immediate collapse of the monetary system.

RE

That's crap. Lots of lower middle class people save for retirement. Not burger flippers, no. But you're wrong on your assumptions that there aren't many with some kind of employer provided retirement plan. Millions of people have the opportunity to participate in those and they do. They just tend to make bad decisions, because they don't understand the game.
I find this thread quite extraordinary.  How are the government going to provide everyone with affordable gasoline for another 16 years? How are they going to provide electricity to keep the markets operating, so that you can sell your shares and bonds?  What will be the Collapse that has happened, even though BAU seems to be carrying on as before?  No wonder everyone here is bored with all this collapse talk.  There's no sense of urgency.

This is all fantasyland stuff.  You will be happy enough to barter a 1 oz gold coin for a loaf of bread if you are hungry enough (it only takes a week without food) without worrying about whether you got 3%/year advantage out of it.

16 years !!!

BAU is relevant to all our lives, including yours, until the day it all seizes up. I wouldn't be surprised if you don't live to see it, even though I know you'd very much like to.

We all understand the problems around oil. There are many reasons a lack of cheap oil can result in a collapse, but the oil itself will not run out in 16 years. What we are witnessing right now appears to be a political will to allow whatever oil is left anywhere to be extracted with a minimum of interference. All environmental concerns are being ignored. Finance reality is being suspended to allow financing of very questionable projects. Next I expect there will be open warfare to claim rights to the fields that are not yet depleted. I think it's very hard to say when it all finally goes off the tracks, and until it does, it's best to consider that it might be longer than you think.

 I think it could easily be a decade or even two before Peak Oil starts to have the kind of effects that would prevent the US government from taking money from some people and giving it to other people.

It's easy for you to think differently. Your future is shorter than people the age of my kids, and you have no one besides yourself to worry about.

You are missing my main point altogether, which is that retirement plans are a tax dodge for working people, one that helps people hold on to their hard-earned money...that happens in the present, not the future.



Eddie, to your last three posts, I can only say the following about every word you posted!


The CEO of Shell just said that by 2050, they will be producing more gas then than oil now. He drives an EV (LOL!). What Palloy cannot wrap his head around is the fact that Climate Change is the ONLY thing that is going to cause a collapse of civilization simply because, as you said, and I have written about for the last year or so, the mania for MORE fossil fuels has been completely freed from any environmental concerns.

Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

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