by perplexd » Sat Jun 23, 2007 8:35 am
Y2K was people preparing for the unknown. Resource shortages based on science (which is what peak oil is) is a completely different thing.
Also, why is the dollar forever? You realize it has lost 97% of its value since inception of the Fed in 1913, right? Seems like the destruction, rather than being "unlikely" is instead a guarantee that is already nearly complete.
Face it, we've become a get-something-for-nothing nation and we're not going to be able to kite checks forever, but that's essentially what a an economy with a chronic 6-7% deficit is doing.
Last edited by
perplexd on Sat Jun 23, 2007 8:37 am, edited 2 times in total.
“Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” - Daniel Webster