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Are you underestimating the amount of net energy yield from renewables? Are you overestimating the costs? Take solar for example. If technology advances enough to increase the ability to both capture and store energy, the yield would improve dramatically. Maybe not enough to save the world in the long run. You don’t need to be a spreadsheet expert to see that.
I believe there at too many people in the world and that we could be in big trouble on an energy level in the next 50 years. Not sure about 2030. Of course, pollution and wars would take care of many people along the way.
Get better soon. Sorry for all you’re going through.
Thank you Dr Diablo for saving me from writing so much. Great commentary. I was going to write 75% of what you wrote till I saw your note. ☺️
My deepest condolences and sympathies for your loss. I will keep you in my prayers during this difficult time.
May her soul rest in peace.
Thank you Nicole for this extensive post!
It seems logical to hold cash or equivalent in a deflationary environment. However, how would you hold it and where? Do you carry USD, Swiss francs, or a combo of currencies? T bills? Other?
Would you keep money in the banks? Aren’t the banks at risk of collapsing or you losing money via bail-ins?
What if you are outside the United States? Especially in a country that is maintaining a USD currency peg.
So many questions… Things are not looking good out there.
Thank you!October 5, 2014 at 3:17 pm in reply to: Grandma Yellen And The Mushroom Cloud On The Horizon #15585
I guess you would recommend the same (gov’t bonds) for those who are outside USA!? Since there is a low/no probability of default.October 5, 2014 at 2:48 pm in reply to: Grandma Yellen And The Mushroom Cloud On The Horizon #15582
Thank you for your response. Will make a very short list of countries. Canada, eh?
I agree with you on Warren.October 5, 2014 at 10:46 am in reply to: Grandma Yellen And The Mushroom Cloud On The Horizon #15568
You say to collect “belongings outside the reach of the ‘system’ … And watch the sky.”
If you have US dollars saved, where would you keep them? As USD gets stronger, the most logical place to leave them is in a bank given the expected asset deflation. Are not banks part of the system?
Do you recommend certain countries whose banks are better than others given the system? Should these dollars be transferred today to JP Morgan from emerging markets? Because holding assets given your logic is not logical. Gold? Silver? Combo of everything?
The system is everywhere.