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  1. SpacedMarine

    Has the sh@t finally hit the dollar fan?

    Not sure who has the biggest economy in the world at the minute but in my opinion the dollar isnt going anywhere i mean 300 million people in America use it for a start.Then theres the amount of external debt nominated in dollars that creates an inbuilt demand for dollars as the debts have to be paid back in dollars.OK theres a fair amount of unrest and uncertainty in america at the moment but the dollar is the most widely accepted currency on the planet.Could there be a crisis?Absolutely.If third world countries default on their dollar denominated debt there will be a liquidity crisis making the dollar even more valuable than it is now oximoronically! What would replace it?Yuan?Ruble?Euro?SDR? Would you rather owe china or russia billions?Or would you take your chances with the USA? Could there be a devaluation?I'm sure there are people who would love that Trump especially as it would make America more comptetive internationally and they could inflate away some internal debt but i think the dollar will go up in the next few years for the reasons stated above.I think we're stuck with it for a few years yet.Longer term who knows?
  2. SpacedMarine

    Is peak oil a myth?

    Its interesting how things have panned out just in the last 8 years since it was recorded.It does seem like stuff is accelerating towards some kind of event if not a collapse of our current society.Forewarned is forearmed i guess.
  3. SpacedMarine

    Is peak oil a myth?

    The problem is you need a pipeline across soggy tundra to get it anywhere.Where theres a will theres a way i guess.
  4. SpacedMarine

    Is peak oil a myth?

    Is that a metaphor?
  5. Is peak oil a myth?There are lots of people who say so.The price of oil has crashed more than 50% in the last couple of years and we appear to be swimming in the stuff right now. I was looking for an article about a guy who had a car that did 250mpg in the 50s or 60s.It was a vapour engine loke the one in this article http://fuel-efficient-vehicles.org/energy-news/?page_id=968 I've not found it yet but I'll keep digging Anyway shell bought the patents and the guy who invented it was found slumped at the wheel in the desert.I'm no expert but is the push for renewables lowering demand?Are electric cars really going to replace internal combustion engines?Are we living in the future.Theres a good documentary called collapse that i will link too which is worth an hour of anyones time.You can say its the ramblings of a paranoid but I think the guy genuinely believes what hes saying. The guy is dead now apparently suicide.However in the film The Big Short about the housing bubble brad pit quotes Michael Rupert word for word in one of the scenes where he talks about storing seeds and prepping which kind of made me think.Anyway I really enjoyed the film and think you will too. This is the car shell used to get over 300mpg!!!
  6. The problem is tax revenue.Currently all cars pay road tax and the amount of fuel duty the government rakes in is obscene. If you own an old stinky diesel by 2040 I don't think(if they actually go through with their plans) you will be taking it anywhere near a public highway.They will make them illegal. The economic argument means they will have to raise taxes another way.So if they ban old combustion engine cars a big sales tax will be placed on electric cars or make it so you never actually own the car and have to lease it from the government road charging etc.Or even have a standing charge for the charging station in your garage! The government is already broke imagine the scams they'll come up with to replace fuel duty alone.Unless we get a government with common sense theres gonna be problems.
  7. There is now way battery power will replace fossil fuels for personal transport EVER! The fact is to create a world full of electric cars you need OIL! What do you think car batteries are made from? Lithium ion batteries require lithium which is mined from the ground with big oil powered diggers! The electricity required to charge the current 37.5 million cars on the road at present would probably kill the grid. So you need an upgraded grid which required raw materials which are mined from the ground with big oil powered diggers.They say peak oil is a myth but even though oil prices have slumped i dont buy it. I reckon the only way they'll succeed is by simply reducing the number of cars on the roads by enforcing car sharing and make it prohibitively expensive for personal ownership.Kind of like uber but with self driving cars. I was joking with my mate about it the other day as he brought up the logistics of living in a flat and having to charge your car.I said in the future poor people wont have cars theyll just call one up and have to sit in traffic jams with all the other poor people as the rich get their own lane on their motorway to waft by in their chauffer driven electric maybach.As whats the point of being rich anymore if everyone has a car and gets to use the same roads as you?Breathing the toxic car fumes etc. I dont know who said it but its a relevant quote. If wealth was universal it would confer no difference. The internal combustion engine has made personal transport universal and relatively cheap.Again what is the point of being rich and paying £100000 on a car when you have to sit in traffic jams with peasants driving their 15 year old vauxhall zafira?Also what is the point when you can buy the same £100000 car 10 years later for £5000?Practically anyone can buy a luxury car for peanuts these days and theres a relatively low cost of ownership as all the infrastructure is in place and an internal combustion engine is convinient to run as you just fill up with petrol/diesel every now and then. A bit of a rant but my 2ps worth
  8. SpacedMarine

    Silver Monitoring Thread £ only.

    I reckon if that happened the peice of silver would be the last think on your mind.Just saying.👍
  9. SpacedMarine

    USD bear market underway

    Yeah its a bear trap.Lure all the suckers short!Everyone borrows dollars cos theyre "cheap" Europe has a crisis KABOOM massive defaults and bank runs the world over you can see it coming a mile off.Buy as many as you can get your hands on as they'll be very much "in demand" in the future. Just think for a moment why would you want any other currency? Euro?Greece,Italy,Spain and the migrant crisis and terrorism.Along with an almost soviet like penchant for surveilance and censorship and HIGH TAXES! Yen?N.Korea,massive qe,still hardly any growth. Ruble?Ok Putins a strong leader but if things turn south theyre overstretched militarily a sure case for devaluation Pound?Brexit uncertainties and weak feeble Eurocentric leadership thats determined to drag us down with europe.HIGH TAXES. Dollar?OK the loonies are trying to dethrone Trump but his plan is LOWER TAXES and to increase productivity and manufacturing(whether he succeeds remains to be seen) Everything is priced in dollars. The biggest most advanced military in the world(supposedly) Chinese Yuan.There is a good case for this in the future but at the moment its not widely accepted.Try going on holiday in europe and using yuan whereas most places will accept dollars with a bit of haggling? Does that make sense?
  10. SpacedMarine

    The Rise And Fall..

    Oh.That sucks!So theyre saying the guy that "supposedly" stopped it is getting the blame? He seemed to stop it pretty easily i guess but the USA is going a bit mental at the moment.You only gotta look at the way the career politicians and civil servants are doing the best they can to save their pensions by trying to get rid of trump and start a war with Russia😀 It is plausible i suppose. Dont you just love the daily mail comments section.People saying he looks like he voted brexit so he must be guilty 😂😂😂😂
  11. SpacedMarine

    Backyard bullion

    Haha this popped up in my feed and i thought it looked familiar!
  12. SpacedMarine

    Hot weather

    The blower fan in my truck broke yesterday so i spent last two hours of my shift with no aircon.Luckily it was just the fuse had welded itself to tge fuse box as had the damn thing running full whack all day.Replaced fuse and everything ice cold again.Its like landing in Ibiza now everytime i jump out which is nice.Couldnt do with working in an office today!
  13. SpacedMarine

    London Grenfell Tower Fire

    Whats happened is a tragedy but the socialist workers party have no shame.Infiltrating a grassroots protest for political gain and **** stirring.We don't know exactly what happened yet how the fire started,evacuation procedures,etc.I know there is a lot of stuff flying about at the minute but it seems that this tragedy is being turned into a political football.They were even hectoring Amir Khan telling him not to support may etc. Just find the whole thing a bit disgusting.I understand people are angry etc but it seems they are being used to push an agenda.These people just don't ****ing give up. A criminal trial should take place and people made an example of if there has been incompitence/negligence but the way things are going it seems mob rule wins.At least arrest someone so it at least looks like something is being done.Otherwise the way things are going we're gonna have riots again which i'm sure Corbyn,the socialist workers party etc.would love.
  14. SpacedMarine

    London Grenfell Tower Fire

    Just heresay but the ex labour councilor had ties to the company that refurbished it apparently.
  15. SpacedMarine

    Money created from thin air

    I particularly like the bit on the BOE website where it says that its pays a 25% dividend to the treasury once a year out of profits.Where does the other 75% go then?I thought it was supposed to be "nationalised" under Churchill?!