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	<title>Comments on: Global Financial Markets Tremble As Bad Economic News Continues To Pour In</title>
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	<link>http://theeconomiccollapseblog.com/archives/global-financial-markets-tremble-as-bad-economic-news-continues-to-pour-in</link>
	<description>Are You Prepared For The Coming Economic Collapse And The Next Great Depression?</description>
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		<title>By: Lennie Pike</title>
		<link>http://theeconomiccollapseblog.com/archives/global-financial-markets-tremble-as-bad-economic-news-continues-to-pour-in#comment-53359</link>
		<dc:creator><![CDATA[Lennie Pike]]></dc:creator>
		<pubDate>Wed, 08 Jun 2011 23:56:02 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=2271#comment-53359</guid>
		<description><![CDATA[The gasoline infrastructure can be changed very quickly to natural gas - especially if the supply of oil is rapidly being depleted - which it will not be because even if every one in China and India purchases a vehicle, there are many many oil fields yet to be discovered, there are huge reserves of oil in the oil sands of Canada, there is oil shale, there is Bio-Diesel Fuel best produced from the Royal Palm.  The Royal Palm and other plants which can produce Bio-Diesel is not a finite resource - nor the water needed for it to grow.  

Before all of the oil is gone which will be many many decades or maybe even centuries, the odds are there will be other presently unknown sources of energy - other than natural gas and alcohol that will be discovered.

Did you know that all of Europe used wood as fuel for automobiles during WWII?  And they were not steam engines - they were internal combustion engines.

Oh yeah - I forgot - The world could go to steam engines (almost) overnight if neccessary, but the chainsaw manufactures would have to up production - also not impossible.

But back to the claim I made about the gasoline infrastructure being able to be converted ``almost immediately´´ (which is different from your ``overnight´´.  Do you not believe that if by some unbelievably bad luck that oil resources did go dry or begin to diminish rapidly, that with all of the money that the oil companies have that they would not also almost immediately take control of natural gas and use that money to create an infrastructure for natural gas so that it could be distributed to the drivers of automobiles?

The existing gas stations - the buildings and the equipment in the buildings, the concrete or asphalt that the cars drive on, the same empolyees, etc. would remain the same.

Maybe only the pumps and the tanks, and the delivery trucks would need to be changed and nothing else - I don´t know, I´m not an expert, I´m just trying to think of the details here.

Also the oil companies would know the timeline neccessary to make the conversions, and would do it with no problems.  It would not be overnight but it would be quickly enough - (before the oil ran out.......riiiight.)

And I will finish off with a biggie about the infrastructure needed to make the swith from the gasoline internal combustion engine to natural gas.........

NATURAL GAS DOES NOT NEED GO THROUGH THE VERY EXPENSIVE REFINING PROCESS OR NEED THE VERY EXPENSIVE REFINERIES THAT OIL NEEDS TO PRODUCE GASOLINE.

Alcohol is also a lot easier to produce than gasoline - just not in the U.S. because sugar cane does not grow well in the U.S. and corn IS NOT!!! the plant that should be used.

Sincerely,

An uneducated taxi driver who set foot in a university for only two years until the nausea became to much to stand.  Universities and public schools - a huge part of this country´s problem.  Reason: They depend on money from the Federal Government and we all know who controls the Federal Government - and there is nothing Federal about those destroyers of people and nations and everything good.]]></description>
		<content:encoded><![CDATA[<p>The gasoline infrastructure can be changed very quickly to natural gas &#8211; especially if the supply of oil is rapidly being depleted &#8211; which it will not be because even if every one in China and India purchases a vehicle, there are many many oil fields yet to be discovered, there are huge reserves of oil in the oil sands of Canada, there is oil shale, there is Bio-Diesel Fuel best produced from the Royal Palm.  The Royal Palm and other plants which can produce Bio-Diesel is not a finite resource &#8211; nor the water needed for it to grow.  </p>
<p>Before all of the oil is gone which will be many many decades or maybe even centuries, the odds are there will be other presently unknown sources of energy &#8211; other than natural gas and alcohol that will be discovered.</p>
<p>Did you know that all of Europe used wood as fuel for automobiles during WWII?  And they were not steam engines &#8211; they were internal combustion engines.</p>
<p>Oh yeah &#8211; I forgot &#8211; The world could go to steam engines (almost) overnight if neccessary, but the chainsaw manufactures would have to up production &#8211; also not impossible.</p>
<p>But back to the claim I made about the gasoline infrastructure being able to be converted &#8220;almost immediately´´ (which is different from your &#8220;overnight´´.  Do you not believe that if by some unbelievably bad luck that oil resources did go dry or begin to diminish rapidly, that with all of the money that the oil companies have that they would not also almost immediately take control of natural gas and use that money to create an infrastructure for natural gas so that it could be distributed to the drivers of automobiles?</p>
<p>The existing gas stations &#8211; the buildings and the equipment in the buildings, the concrete or asphalt that the cars drive on, the same empolyees, etc. would remain the same.</p>
<p>Maybe only the pumps and the tanks, and the delivery trucks would need to be changed and nothing else &#8211; I don´t know, I´m not an expert, I´m just trying to think of the details here.</p>
<p>Also the oil companies would know the timeline neccessary to make the conversions, and would do it with no problems.  It would not be overnight but it would be quickly enough &#8211; (before the oil ran out&#8230;&#8230;.riiiight.)</p>
<p>And I will finish off with a biggie about the infrastructure needed to make the swith from the gasoline internal combustion engine to natural gas&#8230;&#8230;&#8230;</p>
<p>NATURAL GAS DOES NOT NEED GO THROUGH THE VERY EXPENSIVE REFINING PROCESS OR NEED THE VERY EXPENSIVE REFINERIES THAT OIL NEEDS TO PRODUCE GASOLINE.</p>
<p>Alcohol is also a lot easier to produce than gasoline &#8211; just not in the U.S. because sugar cane does not grow well in the U.S. and corn IS NOT!!! the plant that should be used.</p>
<p>Sincerely,</p>
<p>An uneducated taxi driver who set foot in a university for only two years until the nausea became to much to stand.  Universities and public schools &#8211; a huge part of this country´s problem.  Reason: They depend on money from the Federal Government and we all know who controls the Federal Government &#8211; and there is nothing Federal about those destroyers of people and nations and everything good.</p>
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		<title>By: Lennie Pike</title>
		<link>http://theeconomiccollapseblog.com/archives/global-financial-markets-tremble-as-bad-economic-news-continues-to-pour-in#comment-53352</link>
		<dc:creator><![CDATA[Lennie Pike]]></dc:creator>
		<pubDate>Wed, 08 Jun 2011 23:10:25 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=2271#comment-53352</guid>
		<description><![CDATA[You are correct about one thing - Sarah Palin is aligned with TPTB - she was McCains running mate!!! and it is obvious she is not very bright.

Do you think the same of Ron Paul soundbytes by any chance?  Just wondering.  Oh, he doesn´t get much soundbyte time, he get´s ignored - at least by the MSM.  

Most of the world´s oil supply is consumed by the internal combustion engine. 

The large majority of internal combustion engines are in automobiles.  

An internal combustion engine can be converted to run on natural gas overnight.

30% of the cars in Brazil run on natural gas (I won´t mention the even larger percentage of automobiles that run on alcohol which can also be converted from gasoline overnight.)

Alcohol is made from sugar cane.

Sugar cane is not a finite resource.

Thank God I do not have an understanding of the physical laws of energy that can be learned in some liberal university (all of them?) I only have an understanding of them based on real world reality and that which has been proven to me to be true through my own perception, honest thinking, and school of hard knocks - as these internal combustion engine conversions that can be performed in much less time than is consumed in an eight hour midnight shift (overnight).

Please write more and give me more info about why my statement is absurd so I can make a correction if neccessary.  Tankyou.]]></description>
		<content:encoded><![CDATA[<p>You are correct about one thing &#8211; Sarah Palin is aligned with TPTB &#8211; she was McCains running mate!!! and it is obvious she is not very bright.</p>
<p>Do you think the same of Ron Paul soundbytes by any chance?  Just wondering.  Oh, he doesn´t get much soundbyte time, he get´s ignored &#8211; at least by the MSM.  </p>
<p>Most of the world´s oil supply is consumed by the internal combustion engine. </p>
<p>The large majority of internal combustion engines are in automobiles.  </p>
<p>An internal combustion engine can be converted to run on natural gas overnight.</p>
<p>30% of the cars in Brazil run on natural gas (I won´t mention the even larger percentage of automobiles that run on alcohol which can also be converted from gasoline overnight.)</p>
<p>Alcohol is made from sugar cane.</p>
<p>Sugar cane is not a finite resource.</p>
<p>Thank God I do not have an understanding of the physical laws of energy that can be learned in some liberal university (all of them?) I only have an understanding of them based on real world reality and that which has been proven to me to be true through my own perception, honest thinking, and school of hard knocks &#8211; as these internal combustion engine conversions that can be performed in much less time than is consumed in an eight hour midnight shift (overnight).</p>
<p>Please write more and give me more info about why my statement is absurd so I can make a correction if neccessary.  Tankyou.</p>
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		<title>By: Bill Brasky</title>
		<link>http://theeconomiccollapseblog.com/archives/global-financial-markets-tremble-as-bad-economic-news-continues-to-pour-in#comment-53062</link>
		<dc:creator><![CDATA[Bill Brasky]]></dc:creator>
		<pubDate>Tue, 07 Jun 2011 17:22:35 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=2271#comment-53062</guid>
		<description><![CDATA[Is your understanding of the physical laws of energy based on ghosts, magic, and sarah palin soundbytes as well?

&quot;There will always be sufficient resources or alternative resources to sustain the World´s population. For example – if oil production slows due to exitsting supply, which it probably will not, natural gas will take it´s place almost immediately.&quot; - Lennie

How can I even argue with such an absurd statement?  

Just because there HAS BEEN sufficient supply, you assume there always will be...?  And you think multi-trillion dollar gasoline infrastructure and billion+ vehicle fleet is going to just switch over to something else overnight?  

Oil is a finite substance and if you can look around yourself at the modern world and think &quot;this has a future&quot;...

You are an embodiment of the problem.]]></description>
		<content:encoded><![CDATA[<p>Is your understanding of the physical laws of energy based on ghosts, magic, and sarah palin soundbytes as well?</p>
<p>&#8220;There will always be sufficient resources or alternative resources to sustain the World´s population. For example – if oil production slows due to exitsting supply, which it probably will not, natural gas will take it´s place almost immediately.&#8221; &#8211; Lennie</p>
<p>How can I even argue with such an absurd statement?  </p>
<p>Just because there HAS BEEN sufficient supply, you assume there always will be&#8230;?  And you think multi-trillion dollar gasoline infrastructure and billion+ vehicle fleet is going to just switch over to something else overnight?  </p>
<p>Oil is a finite substance and if you can look around yourself at the modern world and think &#8220;this has a future&#8221;&#8230;</p>
<p>You are an embodiment of the problem.</p>
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		<title>By: Bill Brasky</title>
		<link>http://theeconomiccollapseblog.com/archives/global-financial-markets-tremble-as-bad-economic-news-continues-to-pour-in#comment-53061</link>
		<dc:creator><![CDATA[Bill Brasky]]></dc:creator>
		<pubDate>Tue, 07 Jun 2011 17:13:03 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=2271#comment-53061</guid>
		<description><![CDATA[Yes, 2000 years of jew worshiping has worked out great.  Look up the word &quot;usury&quot; in your buy-bull, and try to come back with a coherent point on the subject (hint: early christians weren&#039;t big on it).  You have rejected the only useful parts of your fairy tale.  

Idiot.]]></description>
		<content:encoded><![CDATA[<p>Yes, 2000 years of jew worshiping has worked out great.  Look up the word &#8220;usury&#8221; in your buy-bull, and try to come back with a coherent point on the subject (hint: early christians weren&#8217;t big on it).  You have rejected the only useful parts of your fairy tale.  </p>
<p>Idiot.</p>
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		<title>By: Kevin</title>
		<link>http://theeconomiccollapseblog.com/archives/global-financial-markets-tremble-as-bad-economic-news-continues-to-pour-in#comment-52928</link>
		<dc:creator><![CDATA[Kevin]]></dc:creator>
		<pubDate>Mon, 06 Jun 2011 21:33:07 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=2271#comment-52928</guid>
		<description><![CDATA[007


You left out the evisceration US industry due to the effects of both NAFTA  and China Free Trade which cast millions of solid middle class Americans into virtual poverty jobs. It&#039;s tough to pay the mortgage when you go from 50K/ yr to 20K/yr. 

Because of the Trade Agreements we&#039;re not coming back from this one. Manufacturing cannot resume to the levels required to supply sufficient income to a great enough number of people when virtual slave wage labor is available.]]></description>
		<content:encoded><![CDATA[<p>007</p>
<p>You left out the evisceration US industry due to the effects of both NAFTA  and China Free Trade which cast millions of solid middle class Americans into virtual poverty jobs. It&#8217;s tough to pay the mortgage when you go from 50K/ yr to 20K/yr. </p>
<p>Because of the Trade Agreements we&#8217;re not coming back from this one. Manufacturing cannot resume to the levels required to supply sufficient income to a great enough number of people when virtual slave wage labor is available.</p>
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		<title>By: 007</title>
		<link>http://theeconomiccollapseblog.com/archives/global-financial-markets-tremble-as-bad-economic-news-continues-to-pour-in#comment-52805</link>
		<dc:creator><![CDATA[007]]></dc:creator>
		<pubDate>Mon, 06 Jun 2011 05:31:31 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=2271#comment-52805</guid>
		<description><![CDATA[Gary 2 

The unemployment rate under Bush averaged 5.3 percent. Bush also dealt with a recession after 9/11. The recession was not the result of too low of a tax rate. It was due to the repeal of Glass/Stegal act (democratic legislation) causing rampant back speculative risk taking, Freddie and Fannie subprime lending (democratic creations), federal reserve manipulation of the interest rate (democratic creation) and the Community Reinvestment Act ( democratic legislation) encouraging sub prime lending. 

All of this legislation and central planning was likely well inteded with catastrophic unintended consequences.

&quot;Taxes have never been lower&quot; hmmmm prior to 1919 and the creation of the federal reserve this country never had an income tax. It gradually increased from 1% to 90% under Carter. Regan dramatically reduced the tax rate leading to the greatest uninterrupted economic expansion and job growth for 20 years. 

You should study our country&#039;s economic history. While you are at it check out the history of the fall of the Roman Empire. They tried to &quot;tax the rich hard&quot; and it was the last straw which imploded their economy and led to their ultimate destruction.]]></description>
		<content:encoded><![CDATA[<p>Gary 2 </p>
<p>The unemployment rate under Bush averaged 5.3 percent. Bush also dealt with a recession after 9/11. The recession was not the result of too low of a tax rate. It was due to the repeal of Glass/Stegal act (democratic legislation) causing rampant back speculative risk taking, Freddie and Fannie subprime lending (democratic creations), federal reserve manipulation of the interest rate (democratic creation) and the Community Reinvestment Act ( democratic legislation) encouraging sub prime lending. </p>
<p>All of this legislation and central planning was likely well inteded with catastrophic unintended consequences.</p>
<p>&#8220;Taxes have never been lower&#8221; hmmmm prior to 1919 and the creation of the federal reserve this country never had an income tax. It gradually increased from 1% to 90% under Carter. Regan dramatically reduced the tax rate leading to the greatest uninterrupted economic expansion and job growth for 20 years. </p>
<p>You should study our country&#8217;s economic history. While you are at it check out the history of the fall of the Roman Empire. They tried to &#8220;tax the rich hard&#8221; and it was the last straw which imploded their economy and led to their ultimate destruction.</p>
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		<title>By: Lennie Pike</title>
		<link>http://theeconomiccollapseblog.com/archives/global-financial-markets-tremble-as-bad-economic-news-continues-to-pour-in#comment-52760</link>
		<dc:creator><![CDATA[Lennie Pike]]></dc:creator>
		<pubDate>Sun, 05 Jun 2011 22:14:00 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=2271#comment-52760</guid>
		<description><![CDATA[What the U.S. and World face now is not the logical end result of a bunch of greedy stupid people.  It is the result and very near the end of the long-term plan of a small group of very intelligent people who are the enemies of God and God´s People and who want total control of the World.

There is a lot of evidence including a historical record, admissions of intent, and everything that is going on around us now, that strongly suggests that it is the truth. 

I will not provide the facts to substantiate my claim.  They are easily available, and by finding them personally, they will be more believable.

In a much more important area of fact-finding, the following quote is true: ``seek and ye shall find, knock and the door shall be opened to you.´´]]></description>
		<content:encoded><![CDATA[<p>What the U.S. and World face now is not the logical end result of a bunch of greedy stupid people.  It is the result and very near the end of the long-term plan of a small group of very intelligent people who are the enemies of God and God´s People and who want total control of the World.</p>
<p>There is a lot of evidence including a historical record, admissions of intent, and everything that is going on around us now, that strongly suggests that it is the truth. </p>
<p>I will not provide the facts to substantiate my claim.  They are easily available, and by finding them personally, they will be more believable.</p>
<p>In a much more important area of fact-finding, the following quote is true: &#8220;seek and ye shall find, knock and the door shall be opened to you.´´</p>
]]></content:encoded>
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		<title>By: Lennie Pike</title>
		<link>http://theeconomiccollapseblog.com/archives/global-financial-markets-tremble-as-bad-economic-news-continues-to-pour-in#comment-52755</link>
		<dc:creator><![CDATA[Lennie Pike]]></dc:creator>
		<pubDate>Sun, 05 Jun 2011 21:50:25 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=2271#comment-52755</guid>
		<description><![CDATA[Mondobeyondo,

No charge for translation services, but you might want to pay for a bullet proof car and armed guard. If not, it is still worth making the trip. 

Yesterday the entire police force of Rio de Janeiro attacked (firing live ammo and tear gas) the entire fire department that was on strike.  When things calmed down after many hours, the entire fire department was arrested and taken by bus, and placed in a soccer stadium.

You never flatline in Brazil.  The people are very emotional and self-centered but very friendly also.  They have had a very rough time of it with their criminal governments and central bankers over the years so it is very understandable.  Things should be a lot worse.

The U.S. is going to have a taste of the same soon and for the same reasons.

There - I related this message to things economic, maybe it will be posted.

You spelling Portuguese ``Portugese´´ could have been a test, so I can not igonore it.]]></description>
		<content:encoded><![CDATA[<p>Mondobeyondo,</p>
<p>No charge for translation services, but you might want to pay for a bullet proof car and armed guard. If not, it is still worth making the trip. </p>
<p>Yesterday the entire police force of Rio de Janeiro attacked (firing live ammo and tear gas) the entire fire department that was on strike.  When things calmed down after many hours, the entire fire department was arrested and taken by bus, and placed in a soccer stadium.</p>
<p>You never flatline in Brazil.  The people are very emotional and self-centered but very friendly also.  They have had a very rough time of it with their criminal governments and central bankers over the years so it is very understandable.  Things should be a lot worse.</p>
<p>The U.S. is going to have a taste of the same soon and for the same reasons.</p>
<p>There &#8211; I related this message to things economic, maybe it will be posted.</p>
<p>You spelling Portuguese &#8220;Portugese´´ could have been a test, so I can not igonore it.</p>
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		<title>By: Owen</title>
		<link>http://theeconomiccollapseblog.com/archives/global-financial-markets-tremble-as-bad-economic-news-continues-to-pour-in#comment-52754</link>
		<dc:creator><![CDATA[Owen]]></dc:creator>
		<pubDate>Sun, 05 Jun 2011 21:44:43 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=2271#comment-52754</guid>
		<description><![CDATA[No, you are not even lucid. To one who knows the truth, you are displaying great foolishness. If you really want to know what&#039;s going on you need to know the truth as well.]]></description>
		<content:encoded><![CDATA[<p>No, you are not even lucid. To one who knows the truth, you are displaying great foolishness. If you really want to know what&#8217;s going on you need to know the truth as well.</p>
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		<title>By: Lennie Pike</title>
		<link>http://theeconomiccollapseblog.com/archives/global-financial-markets-tremble-as-bad-economic-news-continues-to-pour-in#comment-52741</link>
		<dc:creator><![CDATA[Lennie Pike]]></dc:creator>
		<pubDate>Sun, 05 Jun 2011 17:35:52 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=2271#comment-52741</guid>
		<description><![CDATA[Bill Brasky: 

Also: 

Resources are not becoming scarce due to existing or possible supply.  Politics, control for profit, government policies that inhibit a free market, fixed markets for the benefit of thieves and cowards who can´t handle a free market, and fiat money cause scarcity amongst other similar reasons.  

Some resources may be slightly more difficult to extract now than before but that added difficulty adds an imperceptible increase in price if any.  Price can even decrease when the cost of extraction increases due to other factors.

There will always be sufficient resources or alternative resources to sustain the World´s population.  For example - if oil production slows due to exitsting supply, which it probably will not, natural gas will take it´s place almost immediately. 

A very few were responsible for creating the financial ponzi scheme.  Americans were fine with the gold standard and had nothing to do with it´s termination.  They also had nothing to do with the termination of the Glass - Steagal act that Bill Clinton signed into law at the request of just about everyone in Congress especially Republican Phil Grahm.  The President and Congressmen did what they were ordered to do or else.

Everything you had to say was left open to doubt - everything including the main and most important claim that you made.

I am still very foggy with everything you had to say.]]></description>
		<content:encoded><![CDATA[<p>Bill Brasky: </p>
<p>Also: </p>
<p>Resources are not becoming scarce due to existing or possible supply.  Politics, control for profit, government policies that inhibit a free market, fixed markets for the benefit of thieves and cowards who can´t handle a free market, and fiat money cause scarcity amongst other similar reasons.  </p>
<p>Some resources may be slightly more difficult to extract now than before but that added difficulty adds an imperceptible increase in price if any.  Price can even decrease when the cost of extraction increases due to other factors.</p>
<p>There will always be sufficient resources or alternative resources to sustain the World´s population.  For example &#8211; if oil production slows due to exitsting supply, which it probably will not, natural gas will take it´s place almost immediately. </p>
<p>A very few were responsible for creating the financial ponzi scheme.  Americans were fine with the gold standard and had nothing to do with it´s termination.  They also had nothing to do with the termination of the Glass &#8211; Steagal act that Bill Clinton signed into law at the request of just about everyone in Congress especially Republican Phil Grahm.  The President and Congressmen did what they were ordered to do or else.</p>
<p>Everything you had to say was left open to doubt &#8211; everything including the main and most important claim that you made.</p>
<p>I am still very foggy with everything you had to say.</p>
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