Energy creates wealth but wealth cannot create energy and herein lies the great peak oil paradox. 4 barrels of light sweet crude to extract 1 barrel of tar sands and you realize the world will be a different place when the Ghawar field finally runs dry. It takes 1.2 units of Methane energy to convert into 1 unit of Hydrogen energy which then gets shipped 200 miles by Diesel tanker to the hamlet of whistler to run their billion dollar “Hydrogen Highway” Wake up people, real estate is the least of our worries very soon.

Can I remind everyone that Pierre Trudeau put us into a debt that was double or three times as bad as this? Or is it too big of a sin to say anything against Trudeau?

We will work our way out of this debt. It will happen. The problem will be low lending rates leading to consumption, as noted above. But rebounds in BRIC markets will allow for the Canadian commodity market to pull us out of recession, and their increased consumption will do the same for everyone else.

Policies enacted under the Harper Government, including the investment and trading policies with the EU, will allow for the more diversified economic portfolio, and help drive our economy stronger than ever.

The problem right now is emotion. Some of us have lost jobs, others are afraid that their jobs are next, but calm it will be okay. When the dust settles after you elect a new government because you were too impatient with this one, youll sing the Liberal parties praises for their economic prowess, without understanding that it was the Conservative parties policies.

I promise, by the end of 2010, this will all be done and over, and we will all be focussing on the next “crisis” that passes our eyes on television

Oh, she definitely is now…A Fox Talking Head that is!

Here’s my email. lornemccuaig@gmail.com

Please give me a contact and I’ll have something well worth reading to send to you. Its way too long to post here and I’m pretty sure you’ll appreciate it.

Regards
Lorne

CONSPIRACY?? Consider this (plz read this …
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Yes imo-we are all heading for a lower standard of living-
learning to do with much less–not a bad thing–
Change will be the difficult part for most–
India/China and the wage disparity between them and us–has to be reconciled–
We can no longer afford unions and perks/pensions and all the other benefits,that we’ve come to know and depend on–
We must change and if we don’t decide to do it on our own–the market will force it on us–
In order to be competitive we must come down–
Most of us think we cannot live on $5/day–
Well–we could–we really don’t need the amount of money that we see floating around–
For instance–why does a beer have to cost$5–
Why not 5 cents?
Being paid 50 cents/hr–not a bad deal at all–

Prices will have to come down–they”cannot” stay above the market clearing level–
Sure–GS et al can drive prices higher with spec trading,but what good will it do them,when buyers don’t show up–
buyers= you and me-
If we don’t buy–GS becomes a bag holder–that’s all–
Ya see they actually need us peasants or they cease to exist–

Food and oil–go hand in hand and are “always” an anomaly–based on–weather/war/political strife/oil shortages–all of it–

There has and always will be haves and have-nots–
I suspect the ratio of have-nots to haves will increase dramatically for some time as we enter the deflationary winter–but–all winters although long–eventually end and spring returns–jmo

http://photos1.blogger.com/img/101/3984/1024/cycleofdeflation1.jpg

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not sure what stocks you’re talking about but it’s definitely not the junior gold and lithium sector which are more than 10 times higher than real estate for the year. lol back at ya!

http://news.yahoo.com/s/ap/20100208/ap_on_bi_ge/lt_mexico_chrysler?

I wonder how much rescue money the Messican govt. ponied up to Chryco during the meltdown?
My guess would be zero.

I’ve noticed that there is rampant inflation in northern India. Vegetables now cost the same as they do here in Vancouver. Food is up massiveley, and RE is up as well. It’s not like demand all of a sudden went up for food…but it goes up.

Now, wages have more or less stayed the same in Northern India. There is no minimum wage so labourers generally earn $5 dollars a day ($0.50 per hr for 10 hr day)… and there are a lot of labourers! What gives???

Price for food and RE keep going up in Canada while wages stagnant at best. Bring in more immigrants and pressure the low end of the wage spectrum. What would happen if we got rid of the minimum wage??? Race to standardize global labour rates?? all while the rich put their wealth in assets (metals, RE, farmland, etc).

Seems like we are heading for a dichotomy; ‘haves’ and ‘have-nots’ but on a global basis. the ‘have-nots’ will find it impossible to ever move up to the ‘have’ status.

possible?? comments??