I've learned a lot from all of the discussions on this forum, especially the safe withdrawal rates and forward looking calculations based on inflation and market fluctuations, etc.
Lately I've been absolutely facinated by the discussions about Peak Oil theory, mostly on this site: http://www.peakoil.com/gate.html?name=Forums and was wondering if anyone here has considered the possibility of a long term recession or even a depression worse that that in the 1930s caused by the lack of preparedness of our society and government in dealing with dwindling energy supplies from fossil fuels. I realize a lot of this stuff comes across as alarmist, survivalistic and goes against the grain of the past 50 years of overall market & economic growth and prosperity, but suppose these oil industry execs, bankers and geologists are right and eventually the $#!T hits the fan, the dollar becomes devalued to the point where it's practically worthless (it is just paper and nothing more), and civilization takes a turn for the worse over a period of decades?
Could anyone imagine the DJIA going below 1000 or worse? Does any one here hold precious metals or other tangible assets other than bonds/stocks and cash? Has anyone studied peak oil theory here? Be curious what you all think about it. There was even a related special on CNN tonight entitled "We Were Warned". Seems this topic is beginning to hit the mainstream over the past 6 months or so.
Lately I've been absolutely facinated by the discussions about Peak Oil theory, mostly on this site: http://www.peakoil.com/gate.html?name=Forums and was wondering if anyone here has considered the possibility of a long term recession or even a depression worse that that in the 1930s caused by the lack of preparedness of our society and government in dealing with dwindling energy supplies from fossil fuels. I realize a lot of this stuff comes across as alarmist, survivalistic and goes against the grain of the past 50 years of overall market & economic growth and prosperity, but suppose these oil industry execs, bankers and geologists are right and eventually the $#!T hits the fan, the dollar becomes devalued to the point where it's practically worthless (it is just paper and nothing more), and civilization takes a turn for the worse over a period of decades?
Could anyone imagine the DJIA going below 1000 or worse? Does any one here hold precious metals or other tangible assets other than bonds/stocks and cash? Has anyone studied peak oil theory here? Be curious what you all think about it. There was even a related special on CNN tonight entitled "We Were Warned". Seems this topic is beginning to hit the mainstream over the past 6 months or so.