Quoting Post Archived Topic: It will not be bumped to the top of the forum. Topic How worried are you about the Global Economical Situation? Membername   Not a member? Sign Up Free (takes 20 seconds) Password   Forgotten your password? Post Font: Verdana Arial Black Georgia Comic Sans Impact   Size: Tiny Normal Big Huge   Color: Default Dark Red Red Orange Brown Green Olive Cyan Blue Dark Blue Indigo Black [ Check Spelling ] [ Post Preview ] [ LiveTags ] Quote: from [m]piejesu[/m] at 6:38 pm on Dec. 21, 2008[quote]I think there's a good chance of civilization as we know it completely collapsing within our lifetime. What is going on now is tied to it, but not strictly the cause. I don't foresee all of the very dangerous problems that will be hitting us within a few decades being worked out. People often take the actual importance of oil for a nation for granted, but without it, say goodbye to agriculture, transportation, heating, electronics, and practically every other thing produced, it IS the LIFELINE of an economy, even "oil alternative energy sources" are dependent on oil to produce-  I read somewhere that it takes 10 calories of fossil fuels to produce a single calorie of food. And even a %10-15 discrepancy between supply and demand of oil can strike a deathblow, I believe. And we are way too close to global oil-depletion to effectively implement an alternative to oil to keep our economy on its feet. As far as how worried I am, I don't tend to worry, but sure, I care about humans and don't want them to suffer. [/quote] FAQ Keyword Search: Post Options Favorites Manager Notify me of new replies to this topic by email Notify me of new replies to this topic by private message Original Post Maxxie Posted at 12:09 pm on Dec. 17, 2008 I personally believe that the magnitude of this economical crisis will be bigger than anything civilisation has ever expirienced. There are signs of the global economy totally collapsing - I think the 30s depression might have been a piece of cake compared to this. Because the worlds economy has never ever been as global as this before. All in all I'm extremly worried now because of the latest events (car corporations being at risk for bankruptcy) My two cents.

Replies Blasphemer Posted at 11:11 pm on Dec. 22, 2008 I'm extremely worried. Last month we were in range of having a global depression, and things have just gotten worse. GoloSLB Posted at 9:50 pm on Dec. 22, 2008 I changed my mind.  I'm not so worried about it.  I'm hopeful.  But I don't know if I should be.  I'm also more disappointed than worried.  I knew this day would come. piejesu Posted at 9:25 pm on Dec. 22, 2008 The government is already 10x the size it needs to be. Stellar Posted at 4:38 pm on Dec. 22, 2008 Quote: from Jettie12 at 6:02 pm on Dec. 22, 2008 I fear how big government will end up being after the end of this. Both bailouts were originally shot down, but that didn't stop them from being tried again or put into effect anyway. The government does whatever it wants, it seems. I agree with this. Jettie12 Posted at 4:02 pm on Dec. 22, 2008 I fear how big government will end up being after the end of this.  Both bailouts were originally shot down, but that didn't stop them from being tried again or put into effect anyway.  The government does whatever it wants, it seems. Stellar Posted at 3:02 pm on Dec. 22, 2008 I'm surprised. I'm really not as worried about it as I should be. I have faith that we can get through it. However, it really pisses me off when people declare that "karma" is working or some ridiculous BS like that, and just assume that the only country that is going through a recession is the USA because they don't know any better. Micus Posted at 1:37 pm on Dec. 22, 2008 If there is no oil, and as a result people start dying off in mass famines, humanity WILL come out with a new source of energy. They just will. We're going to do anything possible to get by, and if it means massive government intervention and investing into the development of alternative sources of energy, we'll do it. I PERSONALLY am not that concerned with the economic situation... my father has a high-responsibility position in an engineering firm that he's worked at for over thirty years, and my mother works in a public school system. The chances of them losing their jobs at this point is slim. Looking at the world economy, however, I can definitely see things lining up to drastically change the way we live within the next few years. All it's going to take is one really fucked up event to send everyone into panic, and shit is gonna get fucked up. Thinking long term as well, I'm going to be in school for at least two more years. At that point I'm going to go out and try and earn money any way I can; the life of a musician is not one of financial stability. I've already accepted this, but if anything it's almost comforting to know that even though I may be poor in the future, everyone else will be too. allsmiles Posted at 7:10 am on Dec. 22, 2008 Piejesu, that's very post-apocalyptic of you. Look a bit deeper, you'll realise the reason we use so much oil is because it's convenient. We can already get at it, all our equipment's already tailored towards it, and it leaves the surface materials (most importantly farmland) free for other things such as foodstocks. We can get around this, it's just human nature getting in the way. Hell, if I could guarantee a death of old age in comfort before the oil peak, I'd be hard pushed to decline the offer. piejesu Posted at 6:38 pm on Dec. 21, 2008 I think there's a good chance of civilization as we know it completely collapsing within our lifetime. What is going on now is tied to it, but not strictly the cause. I don't foresee all of the very dangerous problems that will be hitting us within a few decades being worked out. People often take the actual importance of oil for a nation for granted, but without it, say goodbye to agriculture, transportation, heating, electronics, and practically every other thing produced, it IS the LIFELINE of an economy, even "oil alternative energy sources" are dependent on oil to produce-  I read somewhere that it takes 10 calories of fossil fuels to produce a single calorie of food. And even a %10-15 discrepancy between supply and demand of oil can strike a deathblow, I believe. And we are way too close to global oil-depletion to effectively implement an alternative to oil to keep our economy on its feet. As far as how worried I am, I don't tend to worry, but sure, I care about humans and don't want them to suffer. Maxxie Posted at 3:14 pm on Dec. 21, 2008 Quote: from allsmiles at 12:47 am on Dec. 22, 2008 Well the bubble only popped because people started making a big deal out of it :P If people were more relaxed about repayments... The pubble sparked because the inflation was ridicilously high - The consumtion rates were incredibly high, the kind of developement isn't simply possible. The Americans have lived in a so called ''Dino Age'' huge cars, huge houses, big everything. Lifestyle which has even in Europe been virtually impossible. But actually begun to spread atleast into Finland before the recent recession. There was so much air in all prices because of the booming enonomy. Housing prices were too expensive for normal people to afford them, without bank loans (that would have to extended into periods up to 30 years). That kind of developement isn't simply possible. I do agree with you post earlier that for us this holds a lot of opportunities. I mean if ever, now would be the time to buy a house. Or even a flat, because their simply cheap now. Also the interest rates are preferabely low. The problem is that nobody knows how severe or how long this global economical recession will be. The real sufferers in this are the normal people who'll lose their jobs. Also we don't exactly know if this turns into a severe depression, weather U.S.A will be the single major economical player after this crisis. I doubt they'll ever get back into the ''Dino Age.'' This was the end and it wont come back for them. allsmiles Posted at 2:47 pm on Dec. 21, 2008 Quote: from GoloSLB at 8:52 pm on Dec. 21, 2008 Quote: from bravosquadsas at 12:17 pm on Dec. 17, 2008 the fact that thr whole world is suffering is worrying, but if people didn't make such a big deal out of it we wouldn't have a problem at all. So if people ignored the problem it would go away???? Well the bubble only popped because people started making a big deal out of it :P If people were more relaxed about repayments... GoloSLB Posted at 12:52 pm on Dec. 21, 2008 Quote: from bravosquadsas at 12:17 pm on Dec. 17, 2008 the fact that thr whole world is suffering is worrying, but if people didn't make such a big deal out of it we wouldn't have a problem at all. So if people ignored the problem it would go away????   Hoop Jargon Posted at 11:26 am on Dec. 21, 2008 Slainte^ rancid freakin rawk Posted at 9:21 am on Dec. 21, 2008 i don't wanna sound like a troll or anything,but this has 2 b said fuck the recession.lets go on a session everything works out in the end Hoop Jargon Posted at 3:08 am on Dec. 21, 2008 The real economic collapse is going to come about 5-10 years after the economy recovers and demand for raw materials increases and a re-strengthened China exhausts every conceivable natural resource. THAT's going to be fucked. 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