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The World is on the brink!

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It is a scary list that Kennas puts out. Even more scary is the reality that most of these havn't played out yet.

In particular the squeeze on oil because of the Libyan crisis can only be starting. We haven't seen the effects of the recent jump in oil prices yet (inflation, more pressure on food prices, the general squeezing of the masses) and we don't know how far it will go.

Saudi Arabia says it will make up any shortfall... Well and good but there are more than a few analysts who believe the Saudis don't actually have any extra oil they can pump. If that turns out to be the case then peak oil will well and truly have arrived -- with all the implications that carries.

Ah well... lets party likes it's 1999..
 
basilio said:
It is a scary list that Kennas puts out. Even more scary is the reality that most of these havn't played out yet.

In particular the squeeze on oil because of the Libyan crisis can only be starting. We haven't seen the effects of the recent jump in oil prices yet (inflation, more pressure on food prices, the general squeezing of the masses) and we don't know how far it will go.

Saudi Arabia says it will make up any shortfall... Well and good but there are more than a few analysts who believe the Saudis don't actually have any extra oil they can pump. If that turns out to be the case then peak oil will well and truly have arrived -- with all the implications that carries.

Ah well... lets party likes it's 1999..
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ASX is still kicking rocks.

Might as well rename it the ARX.. Australian Rock Exchange ( and side interests)
 
prawn_86 said:
And yet the AUD remains strong. Oh how i hope it tanks...
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Why'd you want it to tank?
basilio said:
Saudi Arabia says it will make up any shortfall... Well and good but there are more than a few analysts who believe the Saudis don't actually have any extra oil they can pump. If that turns out to be the case then peak oil will well and truly have arrived -- with all the implications that carries.

Ah well... lets party likes it's 1999..
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Dude, its already been established that we've passed peak oil. Our fate now rests with battery technologies.
 
Slipperz said:
ASX is still kicking rocks.

Might as well rename it the ARX.. Australian Rock Exchange ( and side interests)
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There is quite a convergence between AS and Chinese interests at the moment.

Strange. Since we are so fundamentally aligned with the US.

The US must be making some very serious representations under the table to stop us from assisting those nations from moving forward.

Why should we send natural resources to China if they turn them in to rockets?

I suppose, once that is clear, we stop sending them IO...
 
kennas said:
It seems to be just disaster after disaster.
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That's a very scary list, kennas. Cannot, however, argue with any item.

Maybe the media are responsible?
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They certainly don't help. Just listening to one ABC Radio reporter interviewing the Mayor of Christchurch this morning, a bloke who has probably had minimal sleep and done hundreds of interviews amongst trying to contain panic in his city, she insistently, three times, said "how are the people coping? it must be just dreadful for them", in a tone just really trying to drum up hysteria.

He essentially lost patience with her and said "They're coping magnificently. They have no choice."

This is just one instance but it does seem the media go looking for misery and hysteria. I suppose disaster sells, but they should have some sort of ethical responsibility not to inflame situations.

Re the comment (I think from GB?) about trends developing a life of their own or words to that effect, I agree. It's as though a mood of pessimism and fear quickly pervades communities and it's very contagious. I don't imagine, also, that I'm the only person in whom this provokes a sense of helplessness.
 
So it's settled then.... we're going to buy a remote island off Tasmania and congregate there. We shall call it Gringott's Island, if no one has any objections. All donations to my Paypal account. Thank you and goodnight.
 
prawn_86 said:
haha the mrs and I were just wondering tonight how long we could go and live in a 2nd world country for on our savings without having to work.

Let me know the costs and we might join you :)

And yet the AUD remains strong. Oh how i hope it tanks...
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Rent a local room with shared facilities in a village for $6 per night.

Breakfast = Fried banana and coconut juice = $1.50. Morning market

Lunch = Chicken Tepinyaki = $3.00. Cooked in front of you and struggling to eat all of it.

Dinner - Soto soup = $2.00. Cooked on back of cart and delivered to your front door.

Drinks = $100.00 because it is bloody hot work swimming in the Emerald Pool all day.

Let me know when I meet you over there. :D
 
News update today that China is significantly expanding it's nuclear arsenal. Will match the US shortly, although much of their progress has not being as transparent as we'd have thought. Will get to the point when there are three great nuclear powers: US, Russia and China. Having three equal powers in this game is not cool. MAD does not add up.
 
kennas said:
News update today that China is significantly expanding it's nuclear arsenal. Will match the US shortly, although much of their progress has not being as transparent as we'd have thought. Will get to the point when there are three great nuclear powers: US, Russia and China. Having three equal powers in this game is not cool. MAD does not add up.
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Did you see the missile launch off the coast of LA late last year?
 
kennas said:
News update today that China is significantly expanding it's nuclear arsenal. Will match the US shortly, although much of their progress has not being as transparent as we'd have thought. Will get to the point when there are three great nuclear powers: US, Russia and China. Having three equal powers in this game is not cool. MAD does not add up.
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Even more scarier is the news that the size of Pakistan's nuclear arsenal has now surpassed Britain's. And Pakistan is a very loose cannon.
 
This is going to put Japan in bad shape for some time I think.

Arab league now behind a no fly zone in Libya.

Mexico turning into a war zone.

PIGS not looking any better.

Prime Ministers in court.

Pauline back in Politics.

I suppose if the world finds a way through this almost perfect storm we'll come out stronger.
 
kennas said:
Mexico turning into a war zone.
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Something that many have been predicting for quite some time as an inevitable output of that country's crashing oil production, the source of much wealth in Mexico, as the Cantarell field dries up.
 
Add to the list the growing food crisis, which could be linked to quite a bit of what's going on.

High food prices feed unrest in developing world

AGAINST the backdrop of revolution in the Arab world and rising tensions in Asia, the International Monetary Fund warns that global food prices are likely to stay high for years, posing new economic and political challenges.
 
We need a list to balance out the fear.

Human beings right now are happier, healthier and have greater means to support life than at any other stage in human history.
Disasters that would have taken decades to recover from now only take years (or even months).
Nations that face disaster now have international help available within hours.

In context, we have faced far, far bleaker times thorughout the course of our history, with less means to prevail, and we have thrived.


(In before someone raises the scary notion of peak phosphorus :eek:)
 
I think peak oil and food prices/security pose the most imminent and severe threat to global economics and security.
 
Mofra said:
Human beings right now are happier, healthier and have greater means to support life than at any other stage in human history.
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Tell that to the 2 billion + who live on less that $1 per day

Mofra said:
Disasters that would have taken decades to recover from now only take years (or even months).
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Looking at places that still haven't been rebuilt after disasters such as the Boxind Day tsunami so may also not agree with this.

Western society has it great, but i think their is a continually growing imbalance between rich and poor nations
 
The global situation isn't getting any better and with the events of the past few days it's probably only got worse.

Pakistan is heading toward pariah status with it's obvious sheltering of OBL and then disgust at the US actually doing something about it. (if that's all true of course)

Syria is about to go pear. The world wont stand back much longer there.

The US is now in about $15T debt. Unemployment still around 9%.

The EU has lost about $300B over the past year or so.

China inflation over 5%.

:eek:
 

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