Forum Replies Created
-I understand how little 700 Million Barrels is when compared to the rest. But if there were more permits, imagine finding 10 times that. What about 100 in seperate places? Every additional source helps and that is my main point. 700M is additional and gets added to the cumalative amount we produce. 1 penny is a paltry amount, but $100 in pennies is still $100 even if it is made up of many smaller parts.
Lets say they find 100 more what do you get? Maybe 10 years worth of oil, then it really is all gone. All that would happen is things would drag on like they are now for those 10 years. You might get some bright spots but the end is the same. Wouldn’t it be better to spend those resources trying to change the system we have now to help us consume less oil and save what we can for the future?
jrf 29 wrote:
Oil is a national resource of critical importance. In just a little more than a century, we have burned through much of our entire allotment of oil, built over many millions of years. We have to make this stuff last! If we are lucky enough to have some oil left in the continental shelf (which is land under the control of the federal government), shouldn’t we think about keeping it in reserve? A hundred years in the future, it will be a strategic material of inestimable importance to our nation.
This is so true. Yet all we care about is keeping our current way of life regardless of how what we do affects the future. Do we really care so little for our children and grandchildren that we can’t make plans based on a time frame longer than “NOW!”
Well gee, that’s interesting. What do the totalitarian dictators of Communist China do and say about their citizenry owning gold? Well, suffice to say, they strongly support it, in fact, recommending that every citizen own gold. I’d say that there is not much liberty in Communist China, as least not the type that the author refers to, yet there is widspread personal ownership of gold. So we have barely passed through the first paragraph and we already have a serious and obvious flaw in the logic- a statement that is clearly not supported by modern culture. Let’s go on:
This article was written 63 years ago so whats happening TODAY cannot be compared to that time frame. One could also assume that the Chinese looked at the failed attempts of those dictators and decided to make some changes instead of following all of the same failed policies. Also the Chinese govt. is in complete control right now and they like the system they have set up. What the writer was refering to were dictators that were trying to start/change the systems they were in.
The correct definition of currency is a medium that acts as an equitable and convenient, yet universally accepted exchange of value, and as a mechanism to store wealth.
I like you definition of currency/money(maybe add it needs to be divisible and a “fixed” store of value).
But yet the owner of fiat currency has the right and ability to convert his fiat into any form of alternate currency, or commodity, or tangible asset, or even hookers and heroin at any time. He has the freedom to do so. In fact, if he so chooses to reject the US dollar, or the Yuan, or the Peso, or any other currency, one has only to exchange for another. So how exactly, is one held hostage to the issuers of fiat? Select some other type of mechanism for the store of wealth, and utilize fiat for the convenient exchange of value. There is no mandate for the individual to use the dollar or any other fiat currently for the storage of wealth. This is a very important point. There is a mandate to use fiat for the transactional relationships that we undergo every day, and we do have to pay taxes in fiat. But the author seems to neglect the obvious opportunity for the skeptic to simply opt out with respect to the storage of wealth component, which is the only category one should be concerned with
Here again the fact that the article was written 63 years ago is the problem. They did not have instant transactions or currency exchange with a keystroke back then, traders from that era would be astonished the HFT can make 20,000 trades a second today. Even taking that into consideration, today the average US citizen is still held hostage to our fiat system. Most people just get by from paycheck to paycheck, they do not have the extra money to put into another form(pick any of the above). How could a person living in the US barely making ends meet reject the FRN when there is not a bank, retailer, grocery store or gas station that will accept anything else.
After rereading the article and accounting for the time lapse from when it was written I think the author has some excellant points. IMO he doen’t want a currency that can be printed until it loses all value, can be created as debt and was controlled by private interests. This even goes along with a qoute by Thomas Jefferson:
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
If the govt. were to issue fiat currency as it sees fit then The People would never be in debt. Many say that if that were to happen then the govt. would run amok and print endlessly. I think thats what they have done anyway. I cannot find a single instance where our govt. was told “no mo money” by either the FED or the Treasury. (Well the banks told Lincoln no so he issued the greenback to pursue the Civil War. But that didn’t last very long or turn out very well for Lincoln) They just keep issuing debt anytime they want and raise the debt ceiling with a flick of a pen(why do we have a ceiling anyway if its alway raised everytime we get there). All this does is benefit the power elite as they keep “loaning ” the money back to the govt.
The reason they exist is that capitalism cannot exist without them. Capital abides no limits. Not limits in labor. Not limits in natural resources and raw materials. Not limits in market, not limits in geography and not limits in size of the markets. There can be no limits.
And most certainly, of all things, there can be no limits to money.
We live on a finite planet. Whether you like it or not there are limits on EVERYTHING!!!!
Tying fiat to anything ( gold/silver being the most likely suspects) with a fixed value solves the debt as money problem and the constant inflation of the money supply and prices.. A person would not have to constantly “invest” his hard earned savings just to try to keep up with inflation, he would be able to hold the currency as savings and maintain purchasing power indefinately. I know ther are all kinds of problems with this with the population growing exponentialy. However, finished gold/silver products are also growning so maybe a balance of some sort would be reached. Possibly even a decline in prices as time goes on would allow the currency to be divided into smaller and smaller increments which would benefit savers greatly.
I certainly don’t claim to have the answers. Maybe combining the Govt. issued fiat with a solidly backed curreny would be a solution. This would allow the govt. to provide for public works projects and services as needed and force them not to overspend or their own workers would loose too much purchasing power in the process. The govt. could even mandate that taxes would have to be paid only in their fiat.
I only hope that after it all comes down those of us that are left come up with a better system than we have now.
Please post it again FM, there is a problem with the link.
I just wish there was something we could do to stop the goons from harrassing the little guy. Maybe soon.
No matter how you look at it people like to drink. For a couple of hundred dollars today you can cover another base in you preps. that could reap you very high profit in a barter situation. Diversity is the best way to make sure you have options later.
Vodka is probably the best for overall versitility. Unless you care about a hangover buy the cherapest you can find.
Currently I live in Las Vegas, I moved here for the rock climbing 12 years ago. I am wanting to move my family move out your way. I am not really specific about a location yet, just trying to find the right place. I really like the Idaho, Oregon and Washington(no income tax) area. I have spent the last couple of years looking but I have also been waiting for prices to come down, which they have so far but I think time is running short. We are spending about a month traveling the coast this July and August looking for a community to move to and thats how I found Skokomish Farms.
40 acres with running water
small comfy home with huge basement
huge garden, its sooo hard to grow food in Vegas( but we manage lol)
This looks like a good location but a little pricey. I like the way everyone ‘s homes are on 5 acre parcels, plenty of room but still close enough for neighbors. They have a good plan for the land with plenty of water rights. If anybody has heard of this place please let me know. We are going to visit here this summer while we are searching for a place.
Why not just let everyone in on the secret Thomas? I am sure your views are better discussed in the open rather than a candestine phone call. It would seem to me that you would be happy to point out all of the “lies” for eveyone to discuss.
I see where one could disagree but I don’t see any “lies”. I too would like the lies pointed out.
I recently took a battle rifle class at Gunsite in Prescott AZ and had a great time. I went with a friend and we trained for about 8 hours a day for five days. The class was very small with only seven students and we had two very experieced instructors. Art was a retired Specials Forces Sergant Major and Mike was retired National Guard and police officer. This was much better than when I went to Front Sight where the class was about 40 students with four instructors. The Front Sight range master were very qualified but the assistants not so much, they use a lot of their grad’s to help teach. Gunsite also let us bing our own loads (Front Sight doesn’t) that were developed by me for the best accuracy in our rifles, not to mention lower cost. We used the FN FAL in 7.62 x 51 with ACOG 4x optics. It’s a heavy rifle but after firing over 1300 rounds each we had zero malfunctions, the rifles performed flawlessly.
Our training began everyday at 0800. There was some classroom time but most of our time was spent at the range. Training was from ten meters out to 400 meters. We shot some steel targets at 300m and 400m but mostly we punched paper. Everything inside 100m was from the off hand position. At 100m we worked on offhand and various sitting and kneeling positions. Everything outside 100m was done from prone. We also worked on several different positions using a wide varitey of cover. Turning targets, moving targets and timed targets also proved quite a challenge. Emergency and tactical reloading and malfunction drills were also taught. They also went through entering and clearing a building with friend /foe pop up targets. We also walked through a ravine and engaged targets at unknown distance from different positions and using different cover.
The class was fast paced and exciting. The instructors were top notch and professional. They took the time to help everyone individually and made sure no one was left behind. One of the students had his rifle malfunction so many times that Mike,one of the instructors, let him borrow his personal rifle to finish the class. Mike even brought out his chrono and then used a ballistics program to give everyone their own chart for drop. They have excellant camping facilities just outside the gate with hook-ups for RV’s.
I have attended two rifle and two handgunclasses at Front Sight, I live in Las Vegas about a one hour drive, and this one class at Gunsite. The founder of Front Sight learned his trade at Gunsite and the training regimen at FS is almost identical to GS. The cost of the GS calss was $1400 and you can get a class at FS for about $1000. Its hard to put a cost to the FS class because there are deals everywhere and they offer special prices all the time. FS classes usualy run Friday through Monday and the GS classes run Monday through Friday. So you get a five day class at GS and a four day class at FS. However the days at FS are about 10 hours and at GS they run about 8. If you are looking for professional training either palce can give you what you want.
It seems to me that both deflationist and hyperinflationists largely agree on the problem and what will be the end result. They both agree that we have a debt problem and both foresee a major decline in the standard of living for most people. They only differ on the mechanics of how it will happen.
To me this is the essential point. There is no way to save our standard of living as it is today. Whichever path we go down the system, as it is today, is done. We can only hope to make ourselves more resilient and prepare for that future.