Strange Days Indeed

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One more thing to finish off, although not entirely on topic: I have a mentor, a high placed lawyer on the European level. And while we were talking the last time we met, about the US elections and about the Bush government, we came to the same conclusion: Some day, it is very likely people will erect a statue for Bush, to thank him for his view on the future and what he did for it during his presidency: Everyone smart enough to think, now knows the US invaded Iraq because of the oil. However this might be one the US's greatest assets in the future, since this heavily critisized invasion, might just give the US population a breathing chance. Something, we in Europe will not have, depending on russian oil and gas.


Alan Greenspan, the Grand Bubble Maker himself, said as much in a 2007 interview -- that the invasion was about the "stability of the oil supply." Not confiscation or anything like that, but helping to ensure that regional upheaval doesn't interrupt output and delivery. I would agree that outright confiscation is not in the cards, but influence peddling certainly is.

I'm now thinking that, as the US pulls out, we might broker an arrangement for China to benefit heavily from Iraqi oil output in exchange for China's continued investment in the increasingly worthless US Treasuries. In other words, China will keep selling us crack because we have a captive wholesale meth dealer who will stoke China's burgeoning habit. That we continue to turn a blind eye to Chinese industrial and military espionage would help sustain the purchase of US bonds as well.
 
What really needs to change is people's mentality, the years of continuing rising standards of living are over. Not only because of the global economy, which is suffering blow after blow now. But also because of the fast rising standards of living in asian countries, who will start to consume more and more of the planet's resources. This will effectively mean heavily rising consumer product prices for the west (US + Europe).

One more thing to finish off, although not entirely on topic: I have a mentor, a high placed lawyer on the European level. And while we were talking the last time we met, about the US elections and about the Bush government, we came to the same conclusion: Some day, it is very likely people will erect a statue for Bush, to thank him for his view on the future and what he did for it during his presidency: Everyone smart enough to think, now knows the US invaded Iraq because of the oil. However this might be one the US's greatest assets in the future, since this heavily critisized invasion, might just give the US population a breathing chance. Something, we in Europe will not have, depending on russian oil and gas.
This is typical from a European. These are the same people saying the same things in the 1970s.
Let's start with the fact that resources are limitless. Human ingenuity is such that when one thing gets used up (like whale oil) we find something else to take its place (like electricity).
The U.S. has had the highest standard of living for some time. Our economy continues to grow and produce jobs. The current situation is merely part of the business cycle and will work itself out, with or without government help, in about 3-4 quarters. Talk of scaling back expectations and living within our means is defeatist talk. If we all believed this we would still be driving horses to work and living on family farms.
I realize it is gospel in Europe that the U.S. attacked Iraq for oil. It was equally gospel that the USSR was a peace loving nation provoked by US imperialism. Both are wrong. The US had forces in Kuwait. We could have taken over the country. We didnt. After the Iraq war oil prices went up. I guess we did a bad job of taking over their oil.
This is all massively OT for a gun forum and mods need to do their duty.
 
This is typical from a European. These are the same people saying the same things in the 1970s.
From a 58 YO US citizen, I agree completely with our European friend. It isn't about resources, it's about assets. A given amount of work, effort, monetary assets are traded for goods in any society.

In the US we have continually traded our current assets (income, savings, and even use our home equity) for crap. Plasma TV's, stereo sets, fancy cars, vacations, etc.

The biggest problem is that we have not only traded all current income, but a vast percentage of future income in many cases via credit cards and home equity loans. Buying has to dry up as a worker has to pay current bills and also pay for the stuff they bought five or ten years ago. Typically they also have to pay a huge amount of interest, so it's a triple whammy.

You might try listening to Dave Ramsey on radio. Personally, I'm selling unused guns and anything else I'm not using. There is no substitute for zero debt.
 
Grand Burglary Toolbox !!!

"Grand Burglary Toolbox" is a great name for it! I've also heard it called "The Big Heist". Whatever you call it, there's no doubt that this is the biggest theft in history. Not a penny will ever benefit anyone who isn't already a multi-millionaire.
 
There is no substitute for zero debt.
Yes and it's called bankruptcy. An unsophisticated approach to debt will land someone there as well.
I dont have a plasma TV and haven't taken a vacation in years. I would bet most people are in the same boat.
 
@Bubba163:

I realize it is gospel in Europe that the U.S. attacked Iraq for oil. It was equally gospel that the USSR was a peace loving nation provoked by US imperialism. Both are wrong. The US had forces in Kuwait. We could have taken over the country. We didnt. After the Iraq war oil prices went up. I guess we did a bad job of taking over their oil.

I'm sorry for saying that, off course the primary motivations for the US invading Iraq, were WMD's and Saddam Hussein:

http://www.nytimes.com/2008/06/30/world/middleeast/30contract.html?partner=rssnyt

http://www.atimes.com/atimes/Middle_East/IB28Ak01.html

So much for sarcasm, but on the other hand, unlike all those "European Zealots" I CAN understand that securing a steady oil supply for the US was both necessary and a good thing. Even for Europe: Without a steady oil supply for the US, the US military will rapidly lose its power projection capabilities and this would lead to a lot of people trying to cause unrest in the middle east. And btw, the middle east is way closer to Europe than it is to the US.

Another thing: we europeans are not all baby-faced, lentil-eating tree huggers. And stating that we europeans see Russia as a peace loving nation, is an equally stupid assumption. We just know we have to respect them. Because if Ivan goes crazy, he will go crazy in our backyard, not yours. But nevermind my ranting about prejudices, if they will give you a sense of comfort in living your life, go ahead.

just found another big thruth in your post Bubba163:

Let's start with the fact that resources are limitless.

Resources? Limitless? Where did you get that one from?
Maybe you ought to freshen-up on your economics, before you start saying things like that.
By definition, resources are scarce! They wouldn't be resources otherwise. (If you want to continue to discuss this, and disagree with me, by all means, go ahead, read my lines carefully, I left you a gap :p) Be aware though, I might just know what you are going to say and I might just already know the answer for it.


greetz,

V.
 
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Another thing: we europeans are not all baby-faced, lentil-eating tree huggers.
That's true. I met him once.
Quoting the NY Times to prove anything is about like quoting Pravda. I won't mention the various UN resolutions (approved by Europeans btw) because I will not re-fight this fight. The facts are too numerous and well documented. The logic is too obvious too. If we wanted oil all we had to do was relax sanctions and we could have bought all the Iraqi oil we wanted. Saddam needed to sell.
We already had a big military in Kuwait. If we wanted their oil we could have staged a coup and gone home.
No, that's a canard.
The reason the Euros opposed the war (after they were for it) it because they were getting big payoffs from Saddam in the Oil for Food scandal. They continue to cling to the absurd notion of the US as Big Imperialist when in fact they are just counting on the US to fight the wars they are unable to fight. The Belgian Army in particular was unmasked recently (in the WSJ) as filled with incompetents, used by the government as a substitute jobs program, and not mission ready for anything more than a band concert.

As to resources, a given resource might be finite but resources in general are not due to substitution and other reasons.
 
@Bubba613

I cannot even begin to describe how much your logic is flawed and frankly your assumptions are quite laughable. Normally I would not even deem this worthy of an answer. Honestly, I feel like I need to educate a 14 year old. But if I do not reply, obviously you will start yelling “In your face!” Now, we cannot let that happen eh? So, I will be going through line after line and correct when necessary.

1. So you do believe all of Europe are leftist, socialistic mindless bums in clothes made of goat hair? Please wake up sir.

2. I do not really get your logic about the NY Times and Pravda thing. Isn’t the Pravda pro-government? Than that would mean, the NY Times is pro-government, and that would result in the NY Times screaming about WMD’s rather than about an oil deal. If you however meant that the NY Times is biased in its reporting, I must admit I wouldn’t know about that. That’s why I added another newspaper, and if you would care enough to make the effort, typing in the words “Iraq oil deal”, will always result in (recent) articles about senior executives from mayor oil companies being a member of an Iraqi advisory council on the development/production of the Iraqi oil fields.

3. You are saying you will not mention “the various UN resolutions” . However, although this sounds very impressive, you failed to give which UN resolutions, thus stating this, is like an officer taking you into custody and while doing so, says “I’m arresting you on criminal charges” without mentioning what you actually did wrong. So please enlighten me here as to which resolution.

4. “All we had to do was relax sanctions” Yeah right, the US was, as was the rest of the world, condemning and criticising Saddam’s reign, by placing an embargo, but because the US needs some oil they should just have lifted that embargo and embraced that tyrant. How exactly do you think the world would have reacted then? Doesn’t this sound awfully opportunistic to you, something a proper government tries to steer clear off?

5. “If we wanted their oil, we could have staged a coup and gone home” So what you are saying is: They stage a coup and put a new tyrant in place, who will pump out their oil for them, no questions asked. (This obviously has the merit to be sure to receive applause from the other world leaders :p ) Honestly, don’t you think it would be a much better strategy, to conquer and secure the country (what they did), bring down Saddam’s government (they did), and continue to provide security until the Iraqi government can take over (what they are doing), while placing some of their own in “advisory roles” as to guarantee that oil supply (which they evidently did)

6. “The reason the Euros opposed the war”: Well, since there is no such thing as the Euros, in the sense of a single united government, controlling the national/regional governments, like for example the United States, this just doesn’t make sense. There is no such thing as “the Euros”. There is a European Union, that’s correct, however this functions not at all like the federal government in the US. In the European Union, all member states get to vote and it only takes one veto to wipe a proposal of sending troops to Iraq off the table. And stating that they were all against it is also utter bullsh*t. What about Italy, Estonia, the UK, Denmark, Lithuania and Latvia, the Netherlands, Norway, Poland, Romania, Slovakia, Spain and Portugal? They are all members of the European Union, however they do have troops in Iraq. Granted not as much as the US, but still they are helping out as well.

7. “They are just counting on the US to fight the wars they are unable to fight.” This is the first remark you made, that makes sense. This is absolutely true, since most European countries, either have very small military forces or they do not have the capabilities (nor the funding for that matter) to project power overseas, as the US does. This is however something that will continue as long as there is not something like a United States of Europe. But that is a different discussion altogether.

8. “The Belgian Army in particular was unmasked recently (in the WSJ) as filled with incompetents, used by the government as a substitute jobs program, and not mission ready for anything more than a band concert.” Although this is very true and I seriously regret that the Belgian government does not take any action to enhance its armed forces, this has absolutely nothing to do with the discussion and this does not even affect in the slightest bit the reasons the US had for invading Iraq.

9. “As to resources, a given resource might be finite but resources in general are not due to substitution and other reasons.” Substitution and other reasons? Unless you are talking about the law of conservation of energy (which I highly doubt), there is no such thing as limitless resources. Because resources are always limited to what you can extract from it. For example, some might say solar power is a limitless resource. Although this is virtually true (stars do die, I know) in the everyday loosened-up vocabulary of Joe Nobody, this is not true in an economical (which is its true meaning) sense: Solar power is still limited in such a way that we can only extract so much from it, and that it costs a heck of a lot to do so. If this weren’t true, then the indigenous people of “wherever”, wouldn’t need an electric company setting up a power grid between their huts. They could just use the sun... obviously you must see the flaw in your logic here and admit that you were wrong about resources being limitless.

This is the last I will say about this topic, because frankly I think I already put too much effort into this, compared with the value of your words. However, if anyone else wishes to discuss further in a more reasonable fashion I would be delighted to do so.

Greetz to all, Out.

V.
 
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vertigo, don't waste your time arguing with such blatant stupidity.

i'm not as convinced of impending economic doom as some. the signs certainly all point that direction, but the future is hard to predict. and i don't think a correction is a bad thing long term


as for guns, i've been converting my small collection to be all things that are highly liquid and useful.

too much cash or guns is risky. some of each is safer.
 
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