Bazz sorry, with nothing but respect you are stuck on peak oil.
It plays NO ROLE in the World Economic crisis.
In truth if it played ANY PART we could fix it over night, for a time.
Governments must tax us.
They need us to pay for every thing.
A reduction in tax on petroleum products would increase productivity.
Just here, in Australia would breath life in to internal tourism.
Others will jump up and down! saying we must reduce use of fuel.
No we must not! far worse exists than fuel in the short term.
We are not going to see it, no one lives forever.
But one day fuels we would not understand, being used in things we would not dream of will come.
NBN one day will be the snail mail of its day, humanity moves constantly.
Our life is but a blink,200 years on if able to observe you and I would think we looked at another planet.
We are not headed back to the caves.
I recommend close thought be given to my possible new world order theory.
No not the conspiracy's, but just fact.
A new control over borrowing/lending/spending maybe even a lot more.
The world may well feel much pain,we may find less freedom.
But too, and end to toxic stupidity/greed/ shonky or silly dealings that threaten our financial system, will it come after the fall or before.
Bank on after after the pain and the suffering, drowning people are more likely to buy straws.

yes run lexie run

belly said..""Governments must tax us."'

well mate guess what
they are..[more than any other cuntry in the world]

we are overtaxed..[we as in the little guy]
while the big guys get nice tax fre lunches..

'we ' cant even claim the cost of going to work

""They need us to pay for every thing."'

yes thats right
like the rulers of grece..WONT TAKE A PAYCUT

but are only too happy to put nmore tax on the litle guy

BUT NOT TAX TRANSACTIONS..
[like g20 was SUPOSED to do at its last meeting]

yet in the next breath you say..""A reduction in tax on petroleum products would increase productivity.""

well mr bell..how about a tax cut on power?

belly your comming and going
at the same time

""Others will jump up and down!
saying we must reduce use of fuel.
No we must not!""

lol

""far worse exists than fuel in the short term.""

yes like home composting methane killing ozone
like industrialisation rebuilding our ebnergy system
while using the old energy system

like govt not able to afford pensions in the future

while not only paying todays [pension today]
but tomorrows pensions today too..[tax free]
but the rich get more from govt..today

just like tomorow
their wealth will be gone
just like the wealth of the poor

[but we poor allready..wont notice much difference]

we the meat eaters
can simple eat the vegan rich

""We are not going to see it,""

yes we are mate

[not the fuel thing..[thats spin
peak oil means only the half way point..not the end

and old oil wells
have been leeching out MORE oil into them

""no one lives forever.""

but the oil will oooze out for a loong time

and the tax on carbon..your kids will pay
will go up every year...[and by then..no more offset
cause braket crep has returned the theshold to tax the new poor]

""The world may well feel much pain,
we may find less freedom.""

im sure our kids
will feel the pain more than we do

thanks ju-liar
thanks alp
thanks lexie
thanks belly

""our financial system,""

*!*!..needs an ever growing tax system...!*!...*

figure it out
read your first words

yes drowing people clutch straws

but the greedy allready got them all

Well Hmmm excuse me OUG.
Trying to clear my throat.
And wipe my eyes.
LOL! that did it.
At a time this country is trying to introduce a bigger tax.
On firms harvesting our minerals.
And not getting much help.
We hear we are being robbed.
Not by foreign firms,not wealthy over seas share holders.
But by the government trying to save just some of of wealth.
Beware, not of Greece's debt but of the living breathing failure to understand, tax's are spent on us all mining profits not so.

*tax's are spent on us all mining profits not so.*

Actually Belly, not quite correct. Aware of it or now, if say
BHP makes good profits, they spend it on new projects for the
future or pay you dividends into your super fund. Australia's
wealth grows. When Govt spends it, its commonly peed up against
walls on another "you beaut" programme.

Note the thousands of extra people that this Govt has employed
in Canberra. Note also that countries like Italy and Greece
and in deep crap, because of bloated administrations.

If Govt wants to do more, why don't they become more
efficient? At present they hardly spend it so wisely,
that they should be given extra.

Dear Belly,

Yabby's could well be right. Pollies could possibly
achieve more if they spent every day prancing up and
down the main thoroughfare in Canberra waggling their
genitals at Japanese tourists. ;-)