The End of Suburbia: Oil Depletion and the Collapse of the American Dream
The crude awakening, peak oil and the end of cheap energy
These guys do a great job explaining why you should care about peak oil. This presentation was given at the Michigan Energy Fair in 2006 by a group called The Institute for Sustainable Energy Education. (click below to view the rest of this video) I’m not concerned about peak oil
I believe it’s real and I plan to profit from it, but I’m not convinced it will be responsible for a major cataclysmic downfall of civilization, as some are predicting. If global oil production has peaked, that doesn’t mean oil will become scarce, it simply means oil will no longer be plentiful and cheap. Interest rates going over 20% – Jim Rogers
There’s nothing to add, I’ll just let Jim speak for himself. (click below for the rest of the video) Will the European Union survive?
This discussion between Jim Rogers, Marc Faber and Unilever chairman Antony Burgmans from 2004 explores the viability of Europe’s newest empire. The introduction is Dutch (I think), but the rest of the video is in English. It’s always helpful to analyze your favorite economists’ track records. (click below for the rest of the video) The real estate bottom
The real estate bottom is so far in the future it’s not even worth attempting a prediction. Real estate is not a liquid investment. Selling a property is time consuming, energy draining and expensive. Most people can not afford to buy anything without a mortgage, most people require the assistance of an agent, most people live in the only property they own, most people simply do not bounce around too often. Intentional Foreclosure
If you could trade your credit score for a nicer house, would you? Welcome to the new trend in American real estate. This could be interpreted positively, it would seem to indicate the number of future foreclosures will cause some to overstate the loss to actual revenue for lenders, but I would instead argue it’s more reason to be cautious when using the number of new mortgage applications issued or accepted as proof of some kind of recovery. Be on guard against “New Deal 2″ and useless stimulus packages
The fallout over this economic crisis may include disastrous impulsive reactions against free market capitalism. The enemies of freedom will argue that greed caused the subprime mess, therefore we need a new system that punishes those disgusting greedy corporations to benefit suffering innocent working poor families. I have already seen several editorials blaming a lack of regulation and demanding the government reign in the evil bastards on Wall Street. Financial Bloat
Why bankrupt banks may be good for America There are too many 20-somethings running around Wall Street making tens of millions of dollars every year. They actually think that’s normal, it’s not. In any economy there is a finite amount of money available to be spent without introducing inflation and allocating a disproportionate amount of that money to financial institutions is a great way to create the conditions for inevitable collapse. |
Highest Rated
|
