The Oil Drum: Australia/New Zealand

Good article Gav but you have looked at the Macro through the eyes of the Micro - how it will affect an enterprise.

Recessions, and hence economic collapse is caused by the Markets. The real reason no one is saying much about Peak although the eia C&C stats are there for all to see, is the very real fear that it will affect the markets. When punters realise that their shares in Tyre Corp et al will not grow they will flee Tyre Corp et al - although it has all its factories and staff and IP intact the banks will see its market capitalisation is close to ZERO and will call in their loans - the remaining shareholders will get 5 cents in the dollar or so and there has been massive WEALTH DESTRUCTION. Once the process starts and the market realises that almost the entire offering is oil dependent then gold will increase its price even further than the 30% increase in the last year or so.

Those lucky enough to get out some capital should invest in land, cause you can't eat gold, especially when your ownership of it is on a tatty piece of paper or a piece of computer code!!

By now the liquidators are going flat out, both with Liquidations and bankruptcies - unemployment is rampant, the governments ability to cope is strained....
AND NOW COMES THE INTERESTING BIT.... but we must wait a few weeks, months or perhaps a year, even two to find out - but we will..

Now with this senario does anyone of sound mind think that the very conservative capitalist - venture or otherwise will invest in some technology that is not proven and already in wide spread use?

If we are to ever get an Ecotechnic society it will have to be imposed, and I for one have now concluded we don't need a dictator, so I will concentrate on spuds, beans, pumkins and a few greens and hope the system stays together long enough for me to grab my too few pennies of "super" to pay off the remaining mortgage.

Sololeum,
Sharing the road back to Olduvai