Anyway, the discussion on gold is indeed a diversion.

To paraphrase, it is the energy stupid !

The major mistake being made by all these talking head we see on TV
is to think it is all about finance.
It is not, without energy, there is nothing.
If to make energy available we have to put in too much energy in then we have gained nothing.
Net energy is the key to any growth.
It is the energy cost of getting energy that is at the heart of the problem.
The tar sands are a good example. The amount of gas needed to melt the
tar is taking gas from other parts of Canada. It cannot last.

That is indeed the populist mantra, RawMustard.

>>I thought it was because it gave a select few the power to create any amount of it when ever it suited them with consequences for the little guy and windfalls for the big guy?<<

It makes a good sound-bite, but it is not based in reality.

Fiat currencies have been around forever. After all, carrying lumps of metal around wherever you went was at best hazardous. So the concept of a promise became the norm.

The curbs on creating "any amount" of it are that you will devalue that promise. So you can only create as much as you may reasonably be able to support. Which is of course why the Irish government chose to borrow from the EFSF at 5% interest, rather than create new money of their own.

>>Quantitative easing 1,2,3 seems to show this quiet well wouldn't you say?<<

Not sure what you believe that the QE programme shows. Sure, they are creating a debt that will be required to be repaid from the economy over time. But the decision to take that path rather than turn the screws on the economy and risk massive deflation was not a simple one.

If you think that QE has adverse consequences for "the little guy", take a moment to reflect on how he would be affected by the alternative.

Hey, none of this is easy. A good percentage of the developed world over-borrowed for years, and is now facing up to the consequences.

Making scapegoats of a few arrogant and high-profile bankers may be quite cathartic, even play a positive role in channelling everyone's anger.

But it cannot completely hide the fact that we have all benefited slightly overmuch from the twenty-plus years of boom, and some re-balancing of both prosperity and expectation is not an entirely bad thing.

You worry too much Bazz energy is safe.
ALL energy we are only separated from new energy's safe cheap for all purposes, by time.
And profit, as I said earlier oil holds its place for now because true new energy would harm some, who have more power than we will ever have.
My power bill came yesterday.
It shows the smallest use in twelve months, and the highest bill.
Cost or profits you tell me what drove it up, think NSW Labor government.
My team, selling consumers with power by inflating profits before the sale.
We shall over come mate painful but true we will get energy and continue growing .

Subject: Who got the bail out money? shocking
http://finance.groups.yahoo.com/group/Mobux/message/3375

Earlier this week, the federal gangsters were
forced to pull back the curtain on who got the
bailouts and how much.

Yes, believe it or not, until this week this data
was a state secret.

Some revelations:
http://tinyurl.com/2fago7y
http://ampedstatus.com/the-wall-street-pentagon-papers-biggest-scam-in-world-history-exposed-are-the-federal-reserves-crimes-too-big-to-comprehend


The Wall Street Pentagon Papers: Biggest Scam In World History Exposed -
Are The Federal Reserve's Crimes Too Big To Comprehend?

1. $3 TRILLION was given away

2. Goldman Sachs would have gone bankrupt
without the help

3. Money even went to companies like GE,
McDonalds, and Harley Davidson.

Video:
http://www.realecontv.com/page/765.html
- Brasscheck



http://www.commondreams.org/view/2010/12/03-6
December 3, 2010 by The Huffington Post
A Real Jaw Dropper at the Federal Reserve
by Sen. Bernie Sanders

video:
Sen Bernie Sanders Amazing Speech!
http://www.youtube.com/watch?v=H5OtB298fHY

http://www.infowars.com/sanders-the-rich-against-everybody-else/

EXCLUSIVE WORLD PREMIERE ~ Ben Bernanke: Public Enemy #1 – Mr. Big Shot (((Music Video)))
http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=OdonzaE9JnrA8IdSJs5BlvTng0O65haX

The News Dissector has a new post: Top 12 Books On The Financial Crisis
http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=YsaU7brVAbcKBzsmk1WmyPTng0O65haX


Jim Rogers on The Bailouts
http://www.brasschecktv.com/page/710.html

more here:
http://www.brasschecktv.com/index.php?call=category&id=27

Press TV-On the edge with Max Keiser-Max Keiser talking to Paul Craig
Roberts-07-16-2010(Part3)

How the US economy is being deliberately destroyed
http://www.youtube.com/watch?v=GeeePaoMPQI

China, Russia quit using the U.S.dollar (China Daily)
:http://disc.yourwebapps.com/discussion.cgi?id=149495;article=134226
Crisis By Design
http://tinyurl.com/2ea5xr9

http://www.behindthewizardscurtain.com/




Revolution Roundup #2: As Mass Rebellion Spreads Throughout Europe, Americans Dance With The Stars
http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=IxzvwGIe0j1pm54rvsbOW%2BdexX36GWMi


The Global Insurrection Against Banker Occupation (GIABO) rages on... Over the past few days the people of Ireland, Italy, Britain, Austria and Portugal have all held massive demonstrations against the Global Banking Cartel. [Read More]


The Two-Party Oligarchy Vs. The People
http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=nVef9w9W0cprdshM7Ayi8%2BdexX36GWMi

*Net energy is the key to any growth.*

To a certain point Bazz. But don't forget,
services can grow, many using very little
energy.

Because our energy is still relatively cheap,
we waste huge amounts. Now lets say oil spikes
in price. Improved logistics and so on, would
become huge new growth industries. Ways of cutting
waste, would become growth industries.

So its not all gloom and doom and that is perhaps
the point. I read a book about the year 1000 and how
people lived. Their big concern was that the world
would end right there and then. We are still alive and
kicking, 1000 years later.

But I think that people have cried wolf so many times,
over so many things, only to be proven wrong, because
they overlooked some variable. So even if some real
calamity was heading their way, they would find it hard
to accept. Fair enough.

So my best advice Bazz, is relax and smell the roses :)

We live in interesting times.

Sheesh UOG. Has it ever occured to you, that if you spent the
time that you seemingly spend, posting pages of links on OLO,
out in the real economy, doing real work, for real money,
that you could stop worrying about being ripped off, as you
would have some extra money in your pocket?