End of The Runway and not enough power to lift off

[pourfarmer]

https://en.wikipedia.org/wiki/Basic_income

[cottonpicken]

And what exactly does Norway own?

What exactly is a Weimar bond worth?

What exactly is an exon stock worth?

This like a conversation I get into on an airplane it usually goes

I'm in mutual funds
Ok what do they own
I dont know
No you dont

[biglentil]

Unfortunately world war this time around will most likely go nuclear. I think it was Einstein that said something to the effect that the war after WWIII will be fought with sticks and stones.

[stonepicker]

And again, norway is a country ( and high taxes ) Alberta is a province of a country ( low taxes ) National energy policy, transfer pmts.etc. Should alberta have done better? Probably, are they still the richest prov. in canada? Yep, for now.

[cottonpicken]

No he said i dont know what wwiii will be fought with but wwiiii will be fought with sticks and stones.

Nukes are a seventy year old tech in the greatest leap in tech in the most profitable industry on the planet.

I'll try to find a Kissinger interview that will freak you right out.

[chuckChuck]

Alberta may be the richest province now, but they have a huge deficit and what will it look like in a 100 years if a lot of fossil energy is replaced by newer, cleaner, and sustainable forms of energy?

It is impossible to predict the future but a diversified economy based on diversified sources of energy would be wise and prudent.

The oil boom had both positive and negative impacts. The inflationary impact was negative in many ways, as it drove up the cost of living and hurt families with lower income who were not part of the boom.

It also made running non-oil related business difficult because of increased labour costs and a lack of skilled workers.

The oil industry actually worked against building a more diversified economy.

The oil boom drove up costs to the oil industry itself making the oil sands the most expensive oil in the world to produce.

Norway strategically invested a lot their oil savings outside of Norway to minimize the effects of inflation. Again another example of prudent planning.

Peter Loughheed was opposed to runaway development. What happened to the Peter Lougheeds in Alberta? Why did we stay on this risky path?

[crusher]

Alberta will be fine because there are enough entrepreneurial types that want to work and be successful. It will fail if the majority turn into socialists looking for someone else to take care of them rather than realize you are the master of your own destiny.

[samhill]

I believe TPTB get what they want. I see our education system as a failure. Graduates can discover much info, a la David Suzuki, much of which is beneficial, but, as to history, government and responsibility for our spending and many of our rights as citizens, no one knows or cares SFA.
Smart people get into the large corporations or government and make the rules to suit their way of life and are untouchable while Dick and Jane are buying Lotto 649.
The biggest disappointment in Canada is our news media, pawns of the rulers.
All I can do is hunker down, keep the powder dry.

[bucket]

Chuck chuck

Brad Wall will run deficits on the most diversified province in canada because he's been giving shit away to his masters.

[chuckChuck]

Crusher you live in a country that is socialist to a degree.
1.Publicly funded universal health care.
2.Income transfers to Seniors for OAS and GIS.
3. Safety nets like EI and Welfare.
4. Progressive tax systems.
5. Equalization payments to poorer provinces.
6. Subsidies to farmers and other industries.
7. Free primary and secondary education.
Etc.

Which of those would you choose to cut in pursuit of a less socialist country?

[cottonpicken]

Diversifying like a car plant that gets over run by a Mexican or Chinese plant who are now being over run by Vietnamese and soon North Korean.

It's not rocket science it's simple competition.

If it wasn't for the debt I'd say simple depression and cleanse and then rebuild.

Unfortunately it's default and restructure and obviously the powers that be know the unimaginable pain involved so they went full retard and did qe,zirp now nirp(negative interest rate policy) suppressing future volitility only having it show up down the road,this just isn't me talking this this well schooled busness guys

So then we are here. We know we are ****ed. How does it unfold. Hopefully we don't pull a France and get the gullitenes out and slaughter the land barons which is us and I haven't put that out if the realm of possibilities. Think ninety percent of hungry people wont go bonkers?

So what does bottom look like?

[fjlip]

I thought they slaughtered the RICH SOB's running the shit show? That was a classic reset as was Bolshevik revolution. The equivalent today is the bankers, billionaires, elite rich. In fact they have caused it all to get RICHER. The fabled 1% or .1% of globe. War makes them richer watching our young die from their gold plated towers. Been that way for all of history.