My predictions
Things now are looking very bad, Gold is over $700, oil is over $80, the USA is hyperinflating by trying to keep house prices afloat. I have talked about peak oil many times here but am laughed at, but now with oil above $80 you must give me credit. I also said gold was going to go up I was right. I am very often right. Wheat is up over $9 a bushel because of droughts, increased asain demand, alot of people are going to starve. Also hogs consume a large amount of grain which asians love, hogs & pigs, in china hog prices are up 50% 1 billion to die in next 5 years. The world grain harvest has been collapsing since 2000, with an average annual production loss of 100million tonnes of grain (all edible types). The world reserve surplus in 2000 was 8-900 million tonnes. It has declined at a rate of approximately 100 million tonnes per year since then. Current forecasts predict that the world will have a short fall in grain production of 100 million tonnes in 2009/2010 ! And that was before the dash for ethanol started eating (no pun intended) into the food supply. I couldn't figure out how many people that much grain feeds until I read an article a couple of days ago on China's grain production & consumption. 2007 looks like it will be the first year that the Chinese fail to meet their own grain demand & will have to import enough to make up for their losses. So how much grain did China consume in 2006 ? How much grain does it take to feed 1.32 Billion people ? (July 2007 estimate of population). The answer is worrying, China consumed 144 Million tonnes in 2006, or approximately 100 million tonnes per Billion people !!!! Is the world ready for a famine of biblical proportions in just 3 years time ???????? I don't think so. Alot of talking at peakoil.com about these issues

I will quote more from that site http://www.peakoil.com/fortopic32088.html With the Grand Convergence about to crash down on top of us (Peak Oil, economic depression, ecological calamity), I think many of us can agree that work (i.e., what most of us call "jobs" here in the USA), is going to be awfully tough to come by. If you thought that 33% unemployment in the 1930's was bad, I can assure that it's going to be far worse this time around. The reason for this is quite simple: The vast majority of jobs people perform today does not produce anything of value whatsoever. Wal-Mart stockers don't produce anything, Realtors don't produce anything, Wall Street traders don't produce anything, and used car salesmen don't produce anything. These so-called "jobs" are the result of cheap energy and the inherent wealth that we have floating around...I guess people have an innate need to keep busy...LOL. So what happens to all of these jobs once the depression hits and we no longer have wealth in the form of cheap energy? Imagine every big-box retail store closing, every chain restaurant, the end of all tourism, and the collapse of all credit and finance in the USA once the great "panic" sets in, when people know for sure that our current way of life is doomed forever. I don't think it'd take too long for unemployment to quickly soar past 50% once all economic collapse sets in, which would basically mean an idle America. So what happens then? Does the government run up a deficit of 100% of GDP or more and give everyone a min income to live on? Erase every dollar of outstanding debt? Or does the government create the greatest public works projects ever put on by mankind in a desperate effort to put people back to work? Or do they just let everyone fend for themselves and let America burn as it slowly starves? Or go communist and take away any remaining individual and corporate wealth and make that last as long as possible to keep the masses fed and sheltered? I tell you this is pretty ominous, all of these issues happening all at once. Gold over $700, oil over $80, US government defiect just passed 9 trillion, wheat over $9, fed rate cuts comming up. I will say this right now, we are screwed, espically the US, the times which are coming are going to be very difficult indeed, you may not survive.

http://www.peakoil.com/fortopic10962.html You want to read that thread, it is one of the most massive on the internet, but it is very important, it is called The post-peak die-off; The MonteQuest scenario. Oil production is 85million barrels, demand is 88 million barrels, we have already hit peak oil. If you want to survive you must know how to prepare and survive, and you must being right now. What I recommend you do is buy gold & silver if you have not already done so, ideally you should buy pre 1965 quaters, dimes & half dollars. Also have 1/3rd of your wealth in cash (if you have any wealth) and get out of debt right now, if you are in too much debt and your unable to pay it off, then quickly declare bankruptcy, because if you wait much longer, the US is going to turn people who can not pay their debts, they will be forced into servitude for the rest of their life, and they will become a slave with very little rights. No I am telling you now, you must prepare or you will be dead. Make sure you have a bible, in these times ahead, you need god to help you so you must become a christian.

ATA wrote: I also said gold was going to go up I was right. I am very often right You are a MORON - i am right - i am very often right. ATA wrote: Make sure you have a bible, in these times ahead, you need god to help you so you must become a christian. Well, C`mon now, we all knew there was a catch... I am so laughing hard at you right now. :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

Predicting that oil cost will go up is hardly a hard thing to do ATA. Furthermore, success of past predictions is not an indicator of success of future ones. Especially when they differ and you do not share specific methodology of the calculation of the prediction for evaluation.

It is obvious that oil prices will rise dramatically. ATA you've just pointed out the obvious, nothing smart there, sorry. Didn't you ever hear of Renewable Energy, I'm sure you did. I don't know exactly how efficient they are but if you have enough, you should be self-efficient.

In 2005 I warned everyone about peakoil and also gold. I have been thumping on this as long as I have been on this forum and on the old forum. When I was banned here, all of my previous posts were deleted. I am a student and hard studier of a broad range of issues and subjects such as Theology, Financial, Global Trends to only name afew. I have said to buy Gold Mining companies many times here and prepare for peakoil. Thats a little primer on PeakOil, 20 minutes in length but very condensed. http://www.khaudio.org/mp3_6640/ssf20070626.mp3 I have the full program of Strategic Trends 2007 Volume 1 & 2, if you are interested email me and I can provide a link to the rest of the mp3 downloads.

The whole peakoil thing is bullshit. If it ever happens, it'll be after we're all long gone.

Depends how old you are.

I seriously doubt anybody that's alive today will ever see peak oil.

TwistinUnderSchizophrenia, those who are alive now are witnessing it. The world has been unable to increase production past 85 million barrels aday. Growth demand is 3% per year and rising. See production is unable move upward, the decline will very soon begin. Read this artical. What the collapse will look like from someone who lived through the Soviet Union collapse. http://www.lifeaftertheoilcrash.net/Archives2007/OrlovLessonsPartOne.html Also read this, how to prepare on a budget. http://www.lifeaftertheoilcrash.net/Archives2007/PrepareOnABudget.html Do this now before it is too late for you. Peakoil may cause a very large dieoff in the population, the population of the world may fall to 500 million. I am preparing, but I am not selfish at all, I plan to help people in need, I am going to start up something like a food hall or charity kitchen for starving people and I will fund it using money made from Gold Mining companies and other peak oil type investments.

Hate to see you wasting your time and energy on something that's not gonna happen, but good luck.

Oil MIGHT not finish up by the time we're still alive but the prices will be very high. Prices are increasing now and it's gonna keep getting worse. Also, you have to consider that a war might take place (not necessarily WW3), and in that case oil will be used even faster.