Why Our economy Is Doomed, and There's Nothing You Can Do About It.

[michaelwise]

I would like to here Ron Paul school Ben Bernanke on the perils of exponential functions.

It's too dam bad there's no one on Earth that can do anything about it. Get over it. Our economy is doomed. We have turned the monetary corner and you need to understand this. Now is the time to prepare yourself.

Yesterday I posted a video on the important video thread. If you didn't watch all 8 parts of the series I posted, you are a fool. I will repost the video series here again and I will add to it a related video series concerning the same subject that will completely explain to you beyond a shadow of a doubt why our economy and the rest of the worlds economies are completely doomed. If you don't watch and try to understand the information it is teaching you, you are definitely a fool. Please don't judge my condescending remarks about fools till you at lease watch a few of the videos in each series. If after watching these videos you disagree with my "fool" comments, then you can tell me to go to hell.

The Most IMPORTANT Video You'll Ever See (part 1 of 8)
YouTube - The Most IMPORTANT Video You'll Ever See (part 1 of 8) (http://www.youtube.com/watch?v=F-QA2rkpBSY)

YouTube - The Most IMPORTANT Video You'll Ever See (part 2 of 8) (http://www.youtube.com/watch?v=Pb3JI8F9LQQ&NR=1)

YouTube - The Most IMPORTANT Video You'll Ever See (part 3 of 8) (http://www.youtube.com/watch?v=CFyOw9IgtjY&NR=1)

I'm starting you with chapter 9 here, but after you see these three, go back to the beginning and watch the whole series of videos. There are 20 videos in this series. Check out the series from this site or Youtube.
http://www.chrismartenson.com/crashcourse


Crash Course: Chapter 9 - The Power of Compounding by Chris Martenson
YouTube - Crash Course: Chapter 9 - A Brief History of U.S. Money by Chris Martenson (http://www.youtube.com/watch?v=kM7rITeNW6U&feature=related)

YouTube - Crash Course: Chapter 10 - Inflation (1 of 2) by Chris Martenson (http://www.youtube.com/watch?v=-xCy6sDxnhs&feature=channel)

YouTube - Crash Course: Chapter 11 - How Much is a Trillion? by Chris Martenson (http://www.youtube.com/watch?v=caMRBGmja3w&feature=channel)

[Carson]

Doomed! DOOMED, I SAY!

No matter how much honest money, "we the people" can gather up to build our countries the way we want there are those that can fire up the fake money presses and print enough to get their way.

http://photos.imageevent.com/stokeybob/followthemoney/Supersingle640x537.jpg

And don't think they haven't been busy little beavers.

http://photos.imageevent.com/stokeybob/followthemoney/2508h-inflationgraph.jpg

[Carson]

Here is the link to a good website showing what a trillion dollars looks like.

http://www.dailycognition.com/index.php/2009/03/25/what-1-trillion-dollars-looks-like-in-dollar-bills.html

[Philhelm]

Doomed! DOOMED, I SAY!

No matter how much honest money, "we the people" can gather up to build our countries the way we want there are those that can fire up the fake money presses and print enough to get their way.

http://photos.imageevent.com/stokeybob/followthemoney/Supersingle640x537.jpg

And don't think they haven't been busy little beavers.

http://photos.imageevent.com/stokeybob/followthemoney/2508h-inflationgraph.jpg

Forum winner!

[MN Patriot]

These videos must be from the 1980's, because he projects the cost of gall bladder surgery in the year to 2000 to be about $25,000. Almost laughable to us looking back to projections of what was supposed to be 10 years ago. The world didn't end.

Mathematically we we might be screwed if you project that in 700 years we will each have 1 square meter for each person. But no big deal. These mathematical projections don't take into account technological advancements and other factors. In 700 years we will be living on Mars, space colonies, virtual realities, etc.

Why has the Federal Reserve has gotten away with inflating currency for the last 100 years? Our standard of living has risen while our money and wealth has been silently robbed from us with inflation. Imagine how much better life would be if the government didn't allow the banksters to exploit us.

I disagree with this thread's title. The economy will do what the economy will do. We are the ones doomed to being serfs to the political establishment who wants to keep us ignorant and powerless.

[TheConstitutionLives]

"fire rains from the heavens" "Doomed!"

Could we be more dramatic? lol

[erowe1]

I have never imagined that it's my responsibility to save "our economy." It's only my responsibility to deal with my family's economy. And, while there are external factors that make it easier or harder to provide for my family, I simply don't accept that we're all doomed to starve and "there's nothing I can do about it."

[Acala]

The sooner the economy collapses, the sooner the government runs out of money to fund the empire and hire goons to enforce its will at home. It is my opinion that the future of liberty in this country DEPENDS on economic collapse.

[Travlyr]

I have never imagined that it's my responsibility to save "our economy." It's only my responsibility to deal with my family's economy. And, while there are external factors that make it easier or harder to provide for my family, I simply don't accept that we're all doomed to starve and "there's nothing I can do about it."
Yeah, no kidding. The only thing I want to do about "our economy" is prepare. An economy managed by a few tyrannical elite is nonsensical and doomed to fail... and that is good. It's expensive to maintain an empire.

As the nation's debt gets harder to manage, expect chaos from people who are living on the dole, but life will go on. Money is simply a medium of exchange. Changing monetary policy doesn't reduce wealth, it simply redistributes it. When we get back to sound monetary policy, then the redistribution will be fair and good.

[freshjiva]

The idea that the world's population would reach a level where we'd each get only 1 metre of land space lacks common sense. We'd never get to such a point because our population would self-correct with wars, murder, genocide, civil wars, etc. all in an effort to compete for the earth's scarce natural resources.

At that point, the folks who were smart and accumulated gold, silver, and guns will rule the earth :D

[Political Terror]

As long as there are people on the earth there will be an economy. Whether that's me walking across the street handing my neighbor a tomato and he handing me an apple.a perfect example is the war on drugs no matter how hard governments and law enforcement try they cannot destroy that economy.

The only thing you need to have an economy is for one person to want something, and another person willing to provide it.

[Blueskies]

Go to hell. This is just typical Malthus BS.

[ibaghdadi]

Heh.

YouTube - We're doomed! (http://www.youtube.com/watch?v=USHHQRodF88)

[erowe1]

Go to hell. This is just typical Malthus BS.

Is it really? I'm glad I ignored the OP's advice then and didn't waste any time watching it.

[idirtify]

Regarding what we CAN do something about: Tell as many people as you can that the bad economy is NOT the fault of capitalism, or deregulation, or a lack of regulation, or a self-destructing system, or bad morals. Tell them the truth. Tell them that it’s the fault of the government. That’s because as/if we go down, the government will be (is currently) pointing the finger of blame at everything but itself.

[michaelwise]

Great comments all.
An economic collapse will probably shut down the cemtrailing operations also. That's a good thing. Look on the bright side of life.
YouTube - Monty Python - Always Look on the Bright Side of Life (http://www.youtube.com/watch?v=jHPOzQzk9Qo)

[Fox McCloud]

the thing about population is that it drops, drastically, after it reaches a certain point (and as people become more prosperous)--even by some "official" UN Projections, the world population will peak before (or just around) 2100, then decline for a a few hundred years and settle out at a new level for pretty much the rest of the foreseeable future.

[michaelwise]

The point of this discussion is too see if you understand exponential functions and how it pertains to our monetary system. That is why we are doomed.

[heavenlyboy34]

Regarding what we CAN do something about: Tell as many people as you can that the bad economy is NOT the fault of capitalism, or deregulation, or a lack of regulation, or a self-destructing system, or bad morals. Tell them the truth. Tell them that it’s the fault of the government. That’s because as/if we go down, the government will be (is currently) pointing the finger of blame at everything but itself.

Even more important than that is being able to rationally explain all this and anticipate questions/objections that will come. :cool:

[ClayTrainor]

Agorism, anyone? :)

[foofighter20x]

There's a problem with argument about oil reserves.

He incorrectly assumes that the stated reserves are the finite resource.

Yes, crude oil is finite, but to assume that the numbers stated accurately represent the total amount of oil is just being intellectually dishonest.

We are discovering more and more reserves every year. Further, he doesn't give us more information about the reserves. Are they total known world reserves? Or are they total known reserves that can be retrieved for the current price?

If it's the latter, then you can rest assured that there's way more oil out there than he's letting on. The only problem with newer reserves is that they may be more expensive to extract, and with prices where they currently are, it makes them essentially irretrievable by economic and business standards.

In the long run, yes, his argument holds, but none of us can say with certainty how much oil is out there or when we'll cease to continue finding new reserves.

Thus, I'm a smidgen skeptical about his alarmist claims.

[libertybrewcity]

At this point, I think we should be worrying about ourselves and how we are going to avoid being doomed individually.

[idirtify]

Even more important than that is being able to rationally explain all this and anticipate questions/objections that will come. :cool:

Yes, agreed; the main explanation being: it’s the government’s fault.

[michaelwise]

There's a problem with argument about oil reserves.

He incorrectly assumes that the stated reserves are the finite resource.

Yes, crude oil is finite, but to assume that the numbers stated accurately represent the total amount of oil is just being intellectually dishonest.

We are discovering more and more reserves every year. Further, he doesn't give us more information about the reserves. Are they total known world reserves? Or are they total known reserves that can be retrieved for the current price?

If it's the latter, then you can rest assured that there's way more oil out there than he's letting on. The only problem with newer reserves is that they may be more expensive to extract, and with prices where they currently are, it makes them essentially irretrievable by economic and business standards.

In the long run, yes, his argument holds, but none of us can say with certainty how much oil is out there or when we'll cease to continue finding new reserves.

Thus, I'm a smidgen skeptical about his alarmist claims.The planet Earth is making new reserves all the time. It likes us. It's making more than we could possibly use ever.

[libertybrewcity]

The planet Earth is making new reserves all the time. It likes us. It's making more than we could possibly use ever.

How do you know this and what evidence is their for this theory?

[michaelwise]

How do you know this and what evidence is their for this theory?Abiotic Oil
http://freeenergynews.com/Directory/Theory/SustainableOil/

[michaelwise]

Let me see if I got this strait. We are now printing up more than 1 dollar for every dollar of debt we have.

Do I got that right?

They are now sopping up the excess debt and hiding it in the FED.

How is that a good thing?

[Liberty Star]

There is nothing we can do about it?

At least we can discuss it LOL

[michaelwise]

The exponential function chart tells you how much time we have left.

[michaelwise]

I would like to here Ron Paul school Ben Bernanke on the perils of exponential functions.

[Old Ducker]

Old Ducker's dictum: Anything labeled "a must read" or something similar isn't worth reading. Same goes with videos.

[Zippyjuan]

There's a problem with argument about oil reserves.

He incorrectly assumes that the stated reserves are the finite resource.

Yes, crude oil is finite, but to assume that the numbers stated accurately represent the total amount of oil is just being intellectually dishonest.

We are discovering more and more reserves every year. Further, he doesn't give us more information about the reserves. Are they total known world reserves? Or are they total known reserves that can be retrieved for the current price?

If it's the latter, then you can rest assured that there's way more oil out there than he's letting on. The only problem with newer reserves is that they may be more expensive to extract, and with prices where they currently are, it makes them essentially irretrievable by economic and business standards.

In the long run, yes, his argument holds, but none of us can say with certainty how much oil is out there or when we'll cease to continue finding new reserves.

Thus, I'm a smidgen skeptical about his alarmist claims.

New oil is not being found at the same rate or higher than it is currently being used up. You are correct that the reported " proven reserves" does not cover every drop of oil. It covers what has been found to date and that amount which can be "economically extracted" at current prices. The cheap and easy to extract oil has pretty much all been found (to the best of our knowledge- we cannot obviously know what hasn't been found because we, well, haven't found it yet). What that means is that it will get progressively more expensive to get that next barrel out. And with demand excedding new supplies, that means that a squeeze will occur- supply will not be able to keep up with demand in the future. Both of these factors mean that oil will become quite a bit more expensive in the future.

On another note, the "proven reserves" of the Arab countries including Saudi Arabia are not reliable. Back in the 1980's I believe it was, OPEC decided to give countries an allocated production amount based on their share of proven reserves- if you had say ten percent of OPEC oil, you got to sell ten percent of whatever OPEC production they decided to allow for a give year. All of a sudden, the "proven reserves" of these countries doubled almost overnight. WIthout a single new discovery announced. http://en.wikipedia.org/wiki/Oil_reserves Another problem. Despite years of pumping that oil out, several including Saudi Arabia, have not reported any declines in their reserves. How is that possible? They produce some four billion barrels a year.

The theory of abiotic oil is not supported by evidence. Sure an oil well which was believed tapped may "suddenly" be found years later to still have oil in it. Ever drank a glass of water or milk, thinking you had finished all of it and noticed a puddle in the bottom of the glass a bit later? An oil well is not a bit glass or bowl with the oil sitting in it. There are cracks and fissures in the rocks. Oil from other nearlby areas can seep through them and go into the emptier space left in the well. Neither is 100% of the oil taken out of a well. There just isn't the technology to suck up every drop. Oil finds in places where some have claimed is "too deep to have had organic matter" to form the oil in accepted methods have also been shown to be inaccurate. Shifting plate on the earth's crust moves things up and down- sometimes inverting layers from what they were. A look at that can be found here: http://www.fromthewilderness.com/free/ww3/011205_no_free_pt2.shtml