Ruins

[theheretic]

One of the interesting bits of Peak Oil is the end of unlimited rebuilds in disaster areas. When we were a rich nation, we'd rebuild every house on the Atlantic Coast or down in Florida after a hurricane swept through and ruined the place. Insurance money just kept paying out. We could afford it. The govt paid off the insurance companies and the

Comments

[badnewswade]

This collapse had to bail out the COMPANYS but not the employees.

But... but that would be socialism! ;-)

[theheretic]

CORPORATE SOCIALISM. Oh wait.

[pharmacycoupons]

Very true indeed. People doesn't seem to care on what's the real scenario in a world were living right now. Thanks for sharing these. Somehow serves as an eye opener.

[toyyoda]

The main city of New Orleans is built on a hill or mound. Wayy back in the industrial revolution the machines came. Look at the swamp around the city. Our machines can pump all the water out and build a levee. That's better, right ?
Those swamps were the crap filter for all the water going down the Mississippi.
Look, that land has been dry for years. I'm to sleepy to walk all the way home tonight. I'll build a shack out there.
The shack became a house, the house became a neighborhood.
Moral of the story; When to much crap comes down the river, get out of the swamp.

[anonymous]

What economic impacts are you seeing from Peak Oil?

The first two rounds of quantitative easing ended when inflation reached 2%.

The third round started when inflation was already 2%.

QE3:
1. announced Sept 2012
2. money first got through the pipeline Nov 2012
3. RJA (ticker, proxy for world food inflation) started to behave as usual, going up.
4. something deflationary happened in Dec/Jan, didn't look too closely
5. inflation back on track again, google: "Where Have We Seen This Market Before?" Minyanville