Central bank body warns of Great Depression

To link it back to the subject of the board, reports like this give me the heebie-jeebies because in the absence of sufficient capital any hopes of stopping, mitigating or adapting to energy depletion and climate change essentially go out the window. These are enormous projects that will be hard enough to pursue even if the economy is healthy. If the capital pool drains out as we are facing escalating energy costs, our prospects could dim considerably.

So much for the "Forrest Gump Presidency"

this is the qWayle preznit.

Well, what do you expect? Our factories are almost gone. We no longer produce much of anything. These floods in the midwest are going to ruin the corn crop. Get out your emergency gear folks. We are headed for a mighty crash.

Emergency gear lasts for at most a week. Then the batteries are dead and the rations are gone while you are sitting in a darkened room because one has lost his job and there are no others because the few remaining truckers are forced to charge double price for shipping.

I'm already getting myself psychically and mentally ready for atleast 3 years of depression. Psychically because I want to be able to constantly turn whatever generator I can construct to keep batteries charged to keep the airstone in the fish tank running and a few lights on at night. Maybe enough on the side to keep a laptop or PSP charged. Maybe if I can get enough going there will be enough to keep a tiny fan going.

Mentally because my short experience of life in the south without power was hard the first time I did it during a botched move. And because I need to know as much as I can about growing things in case we need to rely on a garden for reasonably priced food.

But I am a lucky one. I don't have to worry about a banker banging on the door or a towing company hauling off the car. A GREAT MANY Americans will face that horror tho. And there isn't a damn thing I can do about it...

I'm trying to learn to garden, but Southern California doesn't have much water and our soil is mostly clay. But still, I'm trying because I don't feel confident about the future.

We are trying to spend as little money as possible.

So now I am quite confident in saying that by late 2009 we will be in a depression.

Keep in mind during the last depression there were two things that were quite plentiful.

#1 Gas

#2 Food (That is the reason why the mob could run the bread and soup lines)

And you hit the nail on the head when it comes to alt energy technology. I figure EMC2 will be able to barely escape budget cuts simply because of the interest generated, the navy's need for it, and possible political interest from Obama.

However many other developing technologies will not be able to make it.


However, IF Fusion comes online in 5 years the knowledge of the oil economy ending will cause an INSTANT massive buying of stock which will cause the economy to recover and these projects to restart.

I figure this

Depression officially starts in history November 2009 effects are starting to be felt 2010

By the start of 2010 hopefully.

#1 EMC2 fusion test article WB-7 proved itself to a peer review team.

#2 Afterwards Navy gives them the 200 million requested to design the first test power plant.

#3 Obama asks congress and the Navy to convert it into a manhattan style project reducing the development time to 2-3 years. At a cost of 1 billion dollars for a refined design reactor. (Notice at 1 billion it is FAR cheaper than even today's Fission plants and this is just prototype and not mass production)

#4 After powerup the oil companies go ape and announce plans to help "Recover the economy" by funding these plants near refineries and other places their shareholders accept.

So assuming most of that happens we may be able to exit this madness for good starting 2013 with a few transition years.

Just my thoughts.