tag:blogger.com,1999:blog-9864176.post4821604452766049889..comments2023-12-01T16:56:04.415+11:00Comments on Peak Energy: Bailout NationBig Gavhttp://www.blogger.com/profile/00682404837426502876noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9864176.post-33007043059620179152008-11-26T23:56:00.000+11:002008-11-26T23:56:00.000+11:00"What's another pound to an elephant ?".Nice line ..."What's another pound to an elephant ?".<BR/><BR/>Nice line - though presumably the elephant eventually dies if a heart attack.<BR/><BR/>I can't even begin to imagine what is going to happen to the US and world economies now - the situation is just steadily spiralling out of control.<BR/><BR/>I'm guessing we'll end up with either a socialist model for a while or some sort of jubilee / debt reset with everything starting again from scratch.<BR/><BR/>Just muddling through seems less and less likely (though I remain hopeful that igniting a cleantech boom while inflating away the debt burden is the best way out of the mess)...Big Gavhttps://www.blogger.com/profile/00682404837426502876noreply@blogger.comtag:blogger.com,1999:blog-9864176.post-73400919511425587432008-11-26T23:33:00.000+11:002008-11-26T23:33:00.000+11:00Bloomberg recently updated its estimated cost of t...Bloomberg recently updated its estimated cost of the ongoing US bail-out efforts to around US$ 8.5 trillion from US$ 7.7 trillion. These already enormous numbers are starting to grow so quickly that they almost need to be updated daily. <BR/><BR/>Panic intervention...<BR/>I also find it interesting that this fact is not showing up on search engine news?<BR/><BR/><BR/>While things like the market crash , peak oil or even global warming hardly scare a guy like me.<BR/><BR/>But our leaders ignoring the obvious warning and mistakes that caused these are alarming… and the ideas they are using to ‘fix’ these problems are as disturbing as the delusional people in charge of the fixing.<BR/><BR/><BR/>We had a friend last year who took out a third mortgage against a home (he has nothing down on) to buy a ‘cooler’ motorcycle and boat. When I asked him how he could fathom adding debt, to debt to debt he stated: ‘What’s another pound to an elephant?’<BR/><BR/><BR/>$4.6 Trillion? $7.7 trillion? $8.5 trillion? What’s another pound to an elephant?EHS Directorhttps://www.blogger.com/profile/11768405187596006599noreply@blogger.com