Forum Replies Created
I see your point but if a person had 1 mill in cash and use it to live on i.e spent it day in day out until it ran out that would be suiside.
But if you invested 1 mill in the stock market thruing off a 10% return that would give a person 100k a year forever.
i would be very happy to live off that.Just my 2 bucks worth[cap]
Peter
I’m reading your book ATM and its a great read so far.
just one thing i noticed though
page 93 under the heading Security there seems to be a missprint error, it jumps from the topic of security, to somthing about luke rushing out to a fashion parade.
is it just me am i loosing it?
or have i got this one right?Maybe its just my copy.
Regards
AblazYorker i am nore than happy th pay for good information.
just looking at the RP Data site and it does not seem to contain and reports for melbourne.
its a shame
Thanks for the input guys [cap]Yes I have read many books/ articles about this subject and in plane simple terms I’m a frightened man.
As I see it this scenario would cause a world wide depression beyond any other the world has ever seen, bringing western Economies to there knee’s.
It doesn’t take a high IQ to understand the implications that this oil melt down would have on life as we know it.
I think it would be far less painless to have a meteor 100 miles wide slam into the earth and wipe us out in one foul swoop than to live thru a an energy crisis of this scale.
I my self don’t even want to think about this lit alone live thru it.
If you really consider how the human race is so reliant on oil you will soon understand that like no other commodity oil is the central engine behind every industry on earth
Think about it
Just to start with Food industry : without oil and its related products we could not support the huge agriculture industry that uses oil based fertilisers and fuel related products that are needed to drive food based industries .
We are too many: we are over populated to the point of no return mother earth cannot continue to support the Virus like growth of man on its recourses forever.
And even if we could grow enough food to feed us all how the hell would this food to be transported to the shelves that we all take for granted.
I see some members talking along the lines of riding bikes to work, well guys I hate to bring this to your attention but wouldn’t you think that without oil to fuel your employers company you may not have a job period, all of the worlds industries are tied in some way or another to oil weather it be directly or indirectly, this is a Plane hard fact.
I have only lived thru one Australian Rescission and from what I remember it was very painful indeed, imagine having a scenario of a world wide Melt down that is unrecoverable; this would be the end of the world as we know it.Please don’t get me wrong I Am scared to death about the possibility of such a huge and unbelievably disastrous event ,but I find it hard to keep positive knowing that just around the corner lies a problem that cannot and will not be attended to until its all to late to do anything about it.
So what are we to do? Forget it? Continue on owe wealth creation plans?
Well that’s what I’m going to do at the end of the day I don’t know if this is or is not going to happen but if it did we would all be up the creek anyway so hows a little debt going to make any difference ???Ps: WayneL I would love to hear what contingency plans you have in place to cope if it ever happens it would be great to hear something positive.
Kind Regards
