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Gypsy - 4/4/2020 at 10:59 AM GMT
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 Boomer Elegy  (4)
 - James Howard Kunstler - 
Good Grief James ! You and I are of the same generation, lived absolute opposite lives yet ~ almost ~ came to the same conclusion. I was raised Baptist; my mom keeping me and my brothers in church any time the doors opened. I'm a 4 year USN Viet Nam veteran who married too young and had lots of children. On the opposite side of the fence from you: I wrote to my Congressman and Senators ALL THE TIME trying to get America set right. Things just kept going from bad to worse to terrible. My efforts NEVER came to anything; yet I battled on ~ and still do. Here's the kicker James; I'm sorry for what WE Boomers left behind too. I should have joined Jesse Jackson back in '84 when he ALMOST started A Revolution against what we (Jesse and I and many others) saw coming. The terrible outcome has arrived. We (Jesse and I and many others) worked for peanuts, fed our children and paid our mortgages. No resources, no revolution, no stopping Wall Street. You and I come to the same conclusion James; we're BOTH sad. 
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gfs543 - 4/1/2020 at 11:14 PM GMT
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 Ayn Rand's Hymn To Money  (9)
 - Antal E. Fekete - Gold University
Thank you, Professor Fekete, for an outstanding tribute to honest money. 
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J. - 3/26/2020 at 7:50 PM GMT
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 Black Swans, Dead Cats, Live Bats, and Goodbye to All That  (6)
 - James Howard Kunstler - 
We will have to wait and see. It all comes down to demand. The current glut of supply will probably take a couple of years to clear. After that, if there is sufficient demand for energy, then there will be ready supply. 
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Answer To :rokdok25 - 3/22/2020 at 10:53 PM GMT
J - surely James' point is that shale oil is fundamentally uneconomic, in the past and certainly in the present. If and when the wheels of industry crank up again in the USA it won't on the back of shale oil production - unless it is heavily subsidised by taxpayers. Cheaper oil from competing OPEC producers will be available as will the developing non-fossil fuel alternatives.
 
J. - 3/16/2020 at 5:33 PM GMT
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 Black Swans, Dead Cats, Live Bats, and Goodbye to All That  (6)
 - James Howard Kunstler - 
JHK - sometimes I wonder if you understand economics. Oil is cheap 'because' demand is down, and supply is way up. So, energy inputs to the economy are dirt cheap right now, the time when you need it actually to restart the wheels of industry. Bad for energy producers, but good for everybody else. Perhaps in the long run, more than ten years out, shale will peter out, but for now, there's more cheap energy than market for it. Regarding politics, the Demo candidates remind me of those two elderly muppets in the balcony. ;-) 
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Themis - 3/15/2020 at 9:26 PM GMT
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 Black Swans, Dead Cats, Live Bats, and Goodbye to All That  (6)
 - James Howard Kunstler - 
I suspect Hillary, or her clone, is waiting in the Dem wings. 
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Themis - 3/15/2020 at 9:22 PM GMT
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 Like WTF Gold Crashes with Stocks!
 - Adrian Ash - Bullion Vault
What I don't see in this article is a differentiation between the price of paper and physical gold, which I believe to be decoupling. 
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S W. - 3/10/2020 at 4:47 PM GMT
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 Doomsday
 - Lew Rockwell - 
I drink 2 Coronas every evening and that is more than enough immunity IMO ? Maybe I will up it to 4 just in case. BTW if the shit really does hit the fan you will need more than the ability to grow some food. I'm getting an arsenal. 
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Jim C. - 7/7/2011 at 10:54 PM GMT
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 Ayn Rand's Hymn To Money  (9)
 - Antal E. Fekete - Gold University
Though I hadn't read Rand's hymn to money in decades, it's still as fresh and logical as the day it was written. It is amazing how many current economists have been influenced by her works -- even Greenspan. A shame he dropped his ideals and began a bagman for the Fed. 
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