The Oil Drum

...do you then hedge that expectation with a new Plan B in case by some miracle the cornucopians turn out to be right?

As a product of my times, I am a techno-cornucopian at heart but I am preparing for the worst and preparing for the best simultaneously.

As Dickens famously put it,
"It was the best of times and the worst of times."

My first priorities are physical hedges of the basic requirements to not only survive but to thrive in a post-peak environment. I think moe is imparting some excellent observations on financial hedging but as he indicated, financial hedges are only part of an overall hedging strategy. One cannot eat digital money or specie and one must be nimble to escape the just-in-time-collapse of financial structures.

IMO we are entering into terra incognita at the end of an age here.
We have scenarios of what the end-game might look like but
no one can predict the twists and turns of how it will play out.

I am reminded of a sticker a student had plastered on her laptop:
"Blessed are the flexible for they shalt not get bent out of shape"