<Jamais Cascio: Peak Oil vs. Global Warming The Oil Drum Andris Piebalgs : getting a sense of proportion>

182 comments on Peak Oil and Economic Growth: Where Do We Go From Here?

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vtpeaknik on March 28, 2008 - 4:27pm Permalink | Subthread | Parent | Comments top

If you "invest" your savings then in the long run most of your "wealth" will come from the investment gains rather than the actual savings. That's where the "bilking" is.

Alas, our current money system only allows us to save for our old age (or a rainy day) via the same system of usury. The only way to opt out is to for our earnings to be, right from the start, in an alternative currency.

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SensibleEnergy on March 28, 2008 - 4:42pm Permalink | Subthread | Parent | Comments top

"If you "invest" your savings then in the long run most of your "wealth" will come from the investment gains rather than the actual savings. That's where the "bilking" is."

Yeah, it really sucks when everybody wins.

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vtpeaknik on March 28, 2008 - 5:02pm Permalink | Subthread | Parent | Comments top

Everybody loses, since this is what's driving "growth", i.e. unsustainable drawdown of natural resources, and that'll result in collapse and die-off.

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Dezakin on March 28, 2008 - 8:14pm Permalink | Subthread | Parent | Comments top

Eventually sure.

If its after we consume the resources of the entire galaxy, who cares?

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Mamba on March 29, 2008 - 12:31am Permalink | Subthread | Parent | Comments top

If its after we consume the resources of the entire galaxy, who cares?

Well, that's the sort of dim-witted comment you became famous for on peakoil.com. Still the universe-raping, nuke-pushing cornucopian, I see.

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Kiashu on March 28, 2008 - 8:16pm Permalink | Subthread | Parent | Comments top

You could also invest in a business... in traditional Judaism and in modern Islam, nobody gets interest on loans, they just invest in your business with you and share the profits for a while until you buy out their shares.

Modern Islamic banks still do this. The Gulf isn't prosperous just because of oil money, you know. That's most of it, but their banking system helps.

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182 comments on Peak Oil and Economic Growth: Where Do We Go From Here?

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