[A-List] Re: [Longwaves Forum]Re: Defending money

["Gary Santos" <garysantos@xxxxxxxxxxxx>]

I just had a thought, thinking on the possibilities resulting from Peak Oil.

In a world of scarcer oil, work and the way work is performed will undergo a
fundamental change. Work from the home will be much more commonplace than
today. It will evolve as the norm that companies will target much like they
tried to emulate each other with regard to outsourcing and offshoring.

But, working from the home will be much different than it is today.
Technology will bring it to higher levels.

I was watching my niece talk to her friends on those chatting programs. That
scene will be as primitive as it was playing "pong" compared to the video
games today.

The longwave winter need not be too long, at least, in the US which has the
basic infrastructure needed for future work already in place.

There is reason for hope.


----- Original Message -----
From: "William Tamblyn" <longwaves@xxxxxxxxxxxxx>
To: <garysantos@xxxxxxxxxxxx>
Sent: Monday, August 16, 2004 6:15 PM
Subject: [Longwaves Forum]Re: Defending money


> Nick,
>
> I have not been following the Olympics but I can comment on your other
points.
>
> M1, M2, and M3 might be expanding wildly in the Spring of the next
Longwave -- and I suspect they will be -- but real GDP will not be expanding
at all IMO (except briefly, in a "dead-cat bounce") and the main reason it
will not is energy.
>
> When the long-term direction of energy is down, the long-term direction of
real GDP will also be down.
>
> Bill
>
>
> Sharefin <longwaves@xxxxxxxxxxxxx> wrote:
> Bill
> So you could say that oil fuels our capital growth - M1, M2, M3, GDP etc.
> If so then we should notice the downturn in the growth of these capital
measures within the next decade.
>
> Interesting to note how the Olympics are going - no golds for terrorism so
far.<g>
> Yet again we see a swing from West to East.
>
> Nick
>
> ----- Original Message -----
> From: William Tamblyn
> To: sharefin@xxxxxxxxxxxxxxxx
> Sent: Monday, August 16, 2004 10:50 PM
> Subject: [Longwaves Forum]Re: Defending money
>
>
> Thanks, Nick.
>
> The article quotes Our Final Century (in the U.S. the title is Our Final
Hour) by Sir Martin Rees, the Astronomer Royal of United Kingdom:
> The Second Half of the Oil Age now dawns. It is characterized by the
decline of oil production and all that depends on it, including most
significantly the Financial System. In logic, the onset of oil decline
undermines the very foundations of the economic system, which may
accordingly collapse long before oil runs out or becomes in serious short
supply.
> I agree with this statement.  Capitalism cannot survive without economic
growth, and economic growth cannot continue when there is less energy
available year after year, decade after decade.
>
> While there are still those who maintain that the Hubbert Peak will not be
seen for many years, and will be an economic non-event when it finally does
arrive (because of all the new energy sources we will have by then), I
believe there is good evidence that the Hubbert Peak is not far off and that
it will be the most significant watershed in the history of our species.
>
> Bill
>
>
> Sharefin <longwaves@xxxxxxxxxxxxx> wrote:
>  http://www.unknownnews.net/040813a-fm.html
>
>
>
>
> ---------------------------------
> Do you Yahoo!?
> Yahoo! Mail Address AutoComplete - You start. We finish. You are
subscribed to the SafeHaven Longwaves Forum
>
> To Unsubscribe, send a blank email to longwaves@xxxxxxxxxxxxx with the
word Unsubscribe in the subject line.
>