Dougie93 Posted March 24, 2020 Report Share Posted March 24, 2020 Just now, bush_cheney2004 said: Right...same as before. Creative destruction. God bless America Quote Link to comment Share on other sites More sharing options...
Moonlight Graham Posted March 24, 2020 Report Share Posted March 24, 2020 1 minute ago, Dougie93 said: It will likely never be the same, the market forces at this scale will alter the terrain permanently, not necessarily for the worse, there will be winners & losers The market always recovers from big falls to reach spectacular new all-time highs. Quote Link to comment Share on other sites More sharing options...
Guest ProudConservative Posted March 24, 2020 Report Share Posted March 24, 2020 (edited) In 2008 Canadian oil hit $147 a barrel. Life was great for Albertans. I remember being in Fort McMurray, and you would see tones of F350 jacked up Trucks.... Blue Collar paradise. Edited March 24, 2020 by ProudConservative Quote Link to comment Share on other sites More sharing options...
Moonlight Graham Posted March 24, 2020 Report Share Posted March 24, 2020 Just now, ProudConservative said: in 2008 Canadian oil hit $147 a barrel. Life was great for Albertans. RIP. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted March 24, 2020 Report Share Posted March 24, 2020 Just now, ProudConservative said: in 2008 Canadian oil hit $147 a barrel. Life was great for Albertans. Exactly...this was unsustainable. Now we are seeing the other side. Quote Link to comment Share on other sites More sharing options...
Dougie93 Posted March 24, 2020 Report Share Posted March 24, 2020 1 minute ago, Moonlight Graham said: The market always recovers from big falls to reach spectacular new all-time highs. Preaching to the choir, I just took that ride up from 2009-10 to 2019-20, mission accomplished Quote Link to comment Share on other sites More sharing options...
Dougie93 Posted March 24, 2020 Report Share Posted March 24, 2020 Here's the thing you are missing tho, folks The bull market was an inflated bubble incited by the central banks buying their own bonds to lower the interest rates to juice the market Those interest rates are now at zero So there is nowhere to go from here except negative interest rates Which are the stuff wage and price spirals are made of Otherwise known as a depression Trying to juice the market now, is not going to work Quote Link to comment Share on other sites More sharing options...
Guest ProudConservative Posted March 24, 2020 Report Share Posted March 24, 2020 (edited) 11 minutes ago, Moonlight Graham said: RIP. I thought we were going to hit peak oil, and Alberta would become the next Saudi Arabia. Poor Albertan's now. They have to deal with environmentalist who hate their guts, a liberal government that blocks pipelines, an open cartel engaging in predatory pricing, a french province that wants to steal all their money, and now a global economic depression. Who would of thought? O yah... I forgot one more thing... Cheap American's who won't give them a fair price for their oil. Edited March 24, 2020 by ProudConservative Quote Link to comment Share on other sites More sharing options...
Dougie93 Posted March 24, 2020 Report Share Posted March 24, 2020 You see, it's a boom & bust world and the booms & busts are getting bigger This bust was caused by the solution to the last bust and so it is compounding This is why we Prep Quote Link to comment Share on other sites More sharing options...
Guest ProudConservative Posted March 24, 2020 Report Share Posted March 24, 2020 You will be hearing a lot of this soon Quote Link to comment Share on other sites More sharing options...
Yzermandius19 Posted March 24, 2020 Report Share Posted March 24, 2020 (edited) 3 minutes ago, Dougie93 said: You see, it's a boom & bust world and the booms & busts are getting bigger This bust was caused by the solution to the last bust and so it is compounding Like staying drunk to avoid a hangover, the longer you put it off, the worse it gets when it happens. Edited March 24, 2020 by Yzermandius19 1 Quote Link to comment Share on other sites More sharing options...
Dougie93 Posted March 24, 2020 Report Share Posted March 24, 2020 1 minute ago, Yzermandius19 said: Like staying drunk to avoid a hangover, the longer you put it off, the worse it gets when it happens. This is why I am an economic prepper first, you can't secure any rights at all until you secure your property rights My paramilitary prepping is just a hobby. Quote Link to comment Share on other sites More sharing options...
Guest ProudConservative Posted March 24, 2020 Report Share Posted March 24, 2020 4 minutes ago, Dougie93 said: This is why I am an economic prepper first, you can't secure any rights at all until you secure your property rights My paramilitary prepping is just a hobby. Gun's, Gun's, and More Gun's. Quote Link to comment Share on other sites More sharing options...
Dougie93 Posted March 24, 2020 Report Share Posted March 24, 2020 1 minute ago, ProudConservative said: Gun's, Gun's, and More Gun's. Oh I have far more than just guns, I am for intents and purposes an Operator, full spectrum dominance Quote Link to comment Share on other sites More sharing options...
Guest ProudConservative Posted March 24, 2020 Report Share Posted March 24, 2020 (edited) 5 minutes ago, Dougie93 said: Oh I have far more than just guns, I am for intents and purposes an Operator, full spectrum dominance Don't mess with the Italians Edited March 24, 2020 by ProudConservative Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted March 24, 2020 Report Share Posted March 24, 2020 15 minutes ago, Dougie93 said: You see, it's a boom & bust world and the booms & busts are getting bigger This bust was caused by the solution to the last bust and so it is compounding This is why we Prep Prepping is a mindset based on experience....hope for the best...prepare for the worst. Quote Link to comment Share on other sites More sharing options...
Dougie93 Posted March 24, 2020 Report Share Posted March 24, 2020 Just now, ProudConservative said: Say Hello to my little friend Not at all, I am nothing if not law abiding, I resist Her Majesty's enemies and defend the Queen's Peace by the Glorious Revolution of 1688 VRI - Pro Patria Quote Link to comment Share on other sites More sharing options...
Dougie93 Posted March 24, 2020 Report Share Posted March 24, 2020 2 minutes ago, bush_cheney2004 said: Prepping is a mindset based on experience....hope for the best...prepare for the worst. I probably go a little further than the average civilian prepper Although I am not a Doomsday Prepper, because that is an oxymoron Doom is doom, there is no preparation for it, other than the God of the Hebrews is with me, always Quote Link to comment Share on other sites More sharing options...
Yzermandius19 Posted March 24, 2020 Report Share Posted March 24, 2020 3 minutes ago, bush_cheney2004 said: Prepping is a mindset based on experience....hope for the best...prepare for the worst. Quote Link to comment Share on other sites More sharing options...
Guest ProudConservative Posted March 24, 2020 Report Share Posted March 24, 2020 (edited) Don't mess with the patriots. Edited March 24, 2020 by ProudConservative Quote Link to comment Share on other sites More sharing options...
Guest ProudConservative Posted March 24, 2020 Report Share Posted March 24, 2020 One EMP could fry every computer in North America. Quote Link to comment Share on other sites More sharing options...
Dougie93 Posted March 24, 2020 Report Share Posted March 24, 2020 2 minutes ago, ProudConservative said: One EMP could fry every computer in North America. Not the military ones, an EMP attack is a nuclear attack it would result in a launch on warning retaliation EMP's are just another type of nuclear strike, so they are deterred the same as all the other nuclear weapons Not saying it can't happen, nuclear deterrence is not assurance, but it was the same chance as happening as a thermonuclear war, as an EMP strike would be first strike counterforce Quote Link to comment Share on other sites More sharing options...
Dougie93 Posted March 24, 2020 Report Share Posted March 24, 2020 CDC reports that the virus can survive for up to 17 days on surfaces Remember, surgical gloves are single use and throw away, you can't wear them around all the time, because that's no different than your hands So keep them handy, but like a whole box of them, wash your hands before you put them on, do the task, throw them away, wash your hands again, is the proper method Quote Link to comment Share on other sites More sharing options...
Iceni warrior Posted March 24, 2020 Report Share Posted March 24, 2020 5 hours ago, Dougie93 said: Meh, whatever, I'm prepped to hunker down indefinitely, and I bought low and sold high What happens to your wealth if printing money and government handouts lead to hyperinflation? Economics is not my strongpoint but I'm not too bad at history and we've seen what inflation can result in. Wheelbarrows full of cash to buy a loaf of bread. Quote Link to comment Share on other sites More sharing options...
Rue Posted March 24, 2020 Report Share Posted March 24, 2020 6 hours ago, Dougie93 said: Oh I have far more than just guns, I am for intents and purposes an Operator, full spectrum dominance Would you stop. No one cares if you have a small penis. Quote Link to comment Share on other sites More sharing options...
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