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The Future/s? (Read 49606 times)
freediver
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Re: The Future/s?
Reply #75 - Jul 22nd, 2010 at 8:09pm
 
perceptions_now wrote on Jul 21st, 2010 at 7:53pm:
freediver wrote on Jul 21st, 2010 at 6:14pm:
Is that the evidence you think backs up your claim?


No!


So the evidence does not actually support your position?
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Re: The Future/s?
Reply #76 - Jul 22nd, 2010 at 9:12pm
 
freediver wrote on Jul 22nd, 2010 at 8:09pm:
perceptions_now wrote on Jul 21st, 2010 at 7:53pm:
freediver wrote on Jul 21st, 2010 at 6:14pm:
Is that the evidence you think backs up your claim?


No!


So the evidence does not actually support your position?


You asked, "Is that the evidence you think backs up your claim?"

I said, "No!"

I would think that is self explanatory!
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Re: The Future/s?
Reply #77 - Jul 22nd, 2010 at 10:37pm
 
Quote:
perceptions-now
And what evidence is that?


Quote:
freediver
Do we really need to go over this again? One recent example is a comaprison of China and India. There are also plenty of examples of 'good times' following plagues and wars in Europe that killed off a big chunk of the population.


Quote:
perceptions-now
Let's face reality, the only evidence, fact &/or opinion that is of interest to you, are the ones that suit your purpose/s, whatever that may be!


Quote:
freediver
Can you explain then why I keep asking you for evidence that fits your theory? You did say you have some evidence didn't you?



In looking at some of your posts, both recent & some older, it seems that some of your concerns include GHG’s & over-population and one of your favoured solution factors, is taxation!

I agree that these two concerns are well placed, that WE need to address them, sooner rather than later and that taxation is one of the measured that will be used to influence desired outcomes!

However, these problems and others do not exist in isolation, nor is there a silver bullet that will remedy all problems.

For example, we (in Australia) could apply a “Green Tax” of sufficient size, which would reduce our GHG emissions substantially or even down to zero (over time).

But, if that resulted in the complete collapse of the current Energy market, which is currently derived from “carbon based Energy”, then what have we actually done, if the “alternative Energy Sources” are either not available to replace the existing sources, particularly in the short to medium term &/or the “alternative Energy Sources” are hugely more expensive?

In my opinion and that of others, there is a lengthy transition time required to smoothly move away from our existing “carbon based Energy” system, to another, even if such a replacement were to exist, which is debateable.

Highlighting this was the Hirsch Report, in the 2005, for the US Department of Energy, where he said the following:
•      “Initiating a mitigation crash program 20 years before peaking appears to offer the possibility of avoiding a world liquid fuels shortfall for the forecast period.”
•      “Initiating a mitigation crash program 10 years before world oil peaking helps considerably but still leaves a liquid fuels shortfall roughly a decade after the time that oil would have peaked.”
•      “Waiting until world oil production peaks before taking crash program action leaves the world with a significant fuel deficit for more than two decades.”  “Late initiation of mitigation may result in severe consequences.”

Perhaps we could say that some of the actions taken over the last several years, due to oil price signals, would count for a year or two of preparation; essentially, though, we are set up for Dr. Hirsch’s “severe consequences” scenario.

What WE needed to do, was to plan for a balanced set of outcomes, including GHG’s, Energy transition, a reasonably stable Economic outcome and a Population slowly declining over time, but these had to be Global! WE did not do so!

For example, there is little point in the US, Europe & Australia finally achieving zero GHG emissions, after say 20 years, only to have China, India & a few others convert their massive populations into GHG emitting middle classes and have the total Global emissions continue to rise, perhaps bringing on Climate Change of massive proportions later this century.

It has proved to be a task of “Gordian Knott” proportions, to pull together all of the major players, into a workable action plan, involving all of the major factors and I suspect that the final solutions may well come too late and the remedies far too harsh, for most of the Global Public!    

Purely in terms of GHG’s & Tax, as I have said before, I suggest a mixture of the Carrot, Stick & mandatory GHG emission reductions. If Business, Government Depts & Individuals achieve set reductions, then they get the carrot (less tax); if they fail to achieve the target, then they get the Stick (more tax).

In terms of Energy, we may already be too late, as Oil HAS PEAKED and Coal & Gas will follow, in the not too distant future! Whilst WE may muddle thru, the changes involved for the longer term, must be Paradigm changing, as will be the Political issues.

Within 50-100 years, we may need to REPLACE PRACTICALLY EVERY CURRENT ENERGY SOURCE, with something new! That will be impossible, if we are to maintain a reason economy, unless the Global Population shrinks to much lower levels of perhaps around 2-3 Billion.

Is this my theory? No!
Are any of my other postings, my theory? No!
Is this posting & my other posts, simply observations of current & future scenarios? Yes!

What will become future fact, we will all find out and the next 5-10 years, will reveal a heck of a lot about future directions!

==========
The onus on evidence seems to vary?
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Re: The Future/s?
Reply #78 - Jul 22nd, 2010 at 10:43pm
 
Quote:
perceptions-now
And what evidence is that?


Quote:
freediver
Do we really need to go over this again? One recent example is a comaprison of China and India. There are also plenty of examples of 'good times' following plagues and wars in Europe that killed off a big chunk of the population.


Quote:
perceptions-now
Let's face reality, the only evidence, fact &/or opinion that is of interest to you, are the ones that suit your purpose/s, whatever that may be!


Quote:
freediver
Can you explain then why I keep asking you for evidence that fits your theory? You did say you have some evidence didn't you?



In looking at some of your posts, both recent & some older, it seems that some of your concerns include GHG’s & over-population and one of your favoured solution factors, is taxation!

I agree that these two concerns are well placed, that WE need to address them, sooner rather than later and that taxation is one of the measured that will be used to influence desired outcomes!

However, these problems and others do not exist in isolation, nor is there a silver bullet that will remedy all problems.

For example, we (in Australia) could apply a “Green Tax” of sufficient size, which would reduce our GHG emissions substantially or even down to zero (over time).

But, if that resulted in the complete collapse of the current Energy market, which is currently derived from “carbon based Energy”, then what have we actually done, if the “alternative Energy Sources” are either not available to replace the existing sources, particularly in the short to medium term &/or the “alternative Energy Sources” are hugely more expensive?

In my opinion and that of others, there is a lengthy transition time required to smoothly move away from our existing “carbon based Energy” system, to another, even if such a replacement were to exist, which is debateable.

Highlighting this was the Hirsch Report, in the 2005, for the US Department of Energy, where he said the following:
•      “Initiating a mitigation crash program 20 years before peaking appears to offer the possibility of avoiding a world liquid fuels shortfall for the forecast period.”
•      “Initiating a mitigation crash program 10 years before world oil peaking helps considerably but still leaves a liquid fuels shortfall roughly a decade after the time that oil would have peaked.”
•      “Waiting until world oil production peaks before taking crash program action leaves the world with a significant fuel deficit for more than two decades.”  “Late initiation of mitigation may result in severe consequences.”

Perhaps we could say that some of the actions taken over the last several years, due to oil price signals, would count for a year or two of preparation; essentially, though, we are set up for Dr. Hirsch’s “severe consequences” scenario.

What WE needed to do, was to plan for a balanced set of outcomes, including GHG’s, Energy transition, a reasonably stable Economic outcome and a Population slowly declining over time, but these had to be Global! WE did not do so!

For example, there is little point in the US, Europe & Australia finally achieving zero GHG emissions, after say 20 years, only to have China, India & a few others convert their massive populations into GHG emitting middle classes and have the total Global emissions continue to rise, perhaps bringing on Climate Change of massive proportions later this century.

It has proved to be a task of “Gordian Knott” proportions, to pull together all of the major players, into a workable action plan, involving all of the major factors and I suspect that the final solutions may well come too late and the remedies far too harsh, for most of the Global Public!    

Purely in terms of GHG’s & Tax, as I have said before, I suggest a mixture of the Carrot, Stick & mandatory GHG emission reductions. If Business, Government Depts & Individuals achieve set reductions, then they get the carrot (less tax); if they fail to achieve the target, then they get the Stick (more tax).

In terms of Energy, we may already be too late, as Oil HAS PEAKED and Coal & Gas will follow, in the not too distant future! Whilst WE may muddle thru, the changes involved for the longer term, must be Paradigm changing, as will be the Political issues.

Within 50-100 years, we may need to REPLACE PRACTICALLY EVERY CURRENT ENERGY SOURCE, with something new! That will be impossible, if we are to maintain a reason economy, unless the Global Population shrinks to much lower levels of perhaps around 2-3 Billion.

Is this my theory? No!
Are any of my other postings, my theory? No!
Is this posting & my other posts, simply observations of current & future scenarios? Yes!

What will become future fact, we will all find out and the next 5-10 years, will reveal a heck of a lot about future directions!

==========
The onus on evidence seems to vary?

And, your idea of evidence and mine seem a little different?

Then, there is a question of what is evidence, what is opinion & what can be verified, particularly when many of the current circumstances of recent & current events, are unprecedented.
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Re: The Future/s?
Reply #79 - Jul 23rd, 2010 at 12:23pm
 
Bernanke Is 'Unusually Uncertain' - Is That an Improvement?


In response to Bernanke Says Economic Outlook is "Unusually Uncertain", Fed Prepared for "Actions as Needed" I received this comment from "Economics Teacher".

ET Writes...

Ben is forecasting uncertainty and saying the Fed's prepared for action as needed. Did Uncle Ben strain his cerebrum coming up with that one (forecasting uncertainty)?

I suppose there's a difference between "unusually uncertain" and "typically uncertain." Either way it comes out this way -
Ben doesn't know squat!

Is "Uncertain" an Improvement?

Bernanke was pretty certain there would not be a recession, that housing was not in a bubble, that the unemployment rate would peak at 8.5%, that paying interest on reserves would enable the Fed to hold short-term rates above 2%.

Bernanke was wrong on every count. At least now he admits he is guessing.


Let's recap the Fed Uncertainty Principle to see what it suggests may be certain or uncertain.

Fed Uncertainty Principle:
The fed, by its very existence, has completely distorted the market via self reinforcing observer/participant feedback loops. Thus, it is fatally flawed logic to suggest the Fed is simply following the market, therefore the market is to blame for the Fed's actions. There would not be a Fed in a free market, and by implication there would not be observer/participant feedback loops either.

Corollary Number One: The Fed has no idea where interest rates should be. Only a free market does. The Fed will be disingenuous about what it knows (nothing of use) and doesn't know (much more than it wants to admit), particularly in times of economic stress.

Corollary Number Two: The government/quasi-government body most responsible for creating this mess (the Fed), will attempt a big power grab, purportedly to fix whatever problems it creates. The bigger the mess it creates, the more power it will attempt to grab. Over time this leads to dangerously concentrated power into the hands of those who have already proven they do not know what they are doing.

Corollary Number Three: Don't expect the Fed to learn from past mistakes. Instead, expect the Fed to repeat them with bigger and bigger doses of exactly what created the initial problem.

Corollary Number Four: The Fed simply does not care whether its actions are illegal or not. The Fed is operating under the principle that it's easier to get forgiveness than permission. And forgiveness is just another means to the desired power grab it is seeking.

That was written on April 03, 2008. Many of the Corollaries have played out time and time again.

Things to Be Certain About

When Bernanke says he is prepared to take action "as needed", you can be certain of it.

Moreover, you can be pretty certain that he is about to take action soon, whether action is needed or not. The pertinent question is "What Action?"

On that, we cannot be certain. However, we can be certain that one or more of corollaries two, three, and four will be in play.

Finally, we can also be certain that whatever Bernanke tries will ultimately be a failure given Bernanke's Deflation Preventing Scorecard is a perfect zero.


Hopefully this clarifies things you can and cannot be certain about, even if Bernanke himself is "Unusually Uncertain".
Link -
http://seekingalpha.com/article/215803-bernanke-is-unusually-uncertain-is-that-a...

===========
So, it seems that Ben, now has two words for us, "Unusually Uncertain".

I seem to recall the previous FED chairman (Greenspan), also had two words for us, "irrational Exuberance".

Well, perhaps what we have actually had for some time is, "unusual exuberance" in the face of some "rational certainties"?

Which is , in fact, what we have had, when the Federal Reserve, the US & most (if not all) other governments, including Australia, has refused to face the certainties that -
1) The Global Population was Aging & a severe Economic bottleneck would occur, commencing around 2005!
2) Global Energy (Oil) & other essential Resources were finite and that Supply would Peak and commence an irreversible decline, which has actually started (around 2005) in the case of Oil!  
3) That one of the major Economic Drivers (Population Growth) of Demand, would Peak around 2030-2040 and then go into Decline for the balance of this century!
4) We have no choice, but to allow 2 & 3 to take place, as to do otherwise, would pretty much guarantee a Climate Catastrophe later this century!  

So, are we faced with Central Banks & governments doing nothing in the face of known certainties or are we faced with Central Banks & governments doing nothing, because  they are "Unusually Uncertain"?

One choice is an accident of fate, the other is by design?

Whichever is true, we are faced with some "unusually difficult" times ahead, as is confirmed by looking at the Debt situation of many countries now!

And, for most of the Central Bankers, Politicians & Economists, I say to them, "you should have told us & trusted us, so that we could prepare" and that I also, have "2 words for you"!
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Re: The Future/s?
Reply #80 - Jul 23rd, 2010 at 10:13pm
 
You seem to be trying to change the topic yet again. Or maybe you have forgotten it. Remember this in your opening post:

Quote:
But, in back of everything over the last 200 years particularly, has been the steady and un-relenting growth in population that has always been the major Driver or the engine of economic growth, at national and global levels.


You claimed you had evidence to support this. You asked me for the evidence for my view, which is the opposite of yours. I provided that evidence. I have asked you several times to provide the evidence you mentioned. You always respond with a copy and paste bomb, but it never seems to be about the same topic.

Would you mind directing me to the evidence you claim you have that supports your view on the relationship between population growth and economic growth?
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Re: The Future/s?
Reply #81 - Jul 24th, 2010 at 10:40pm
 
Quote:
FD
You seem to be trying to change the topic yet again. Or maybe you have forgotten it. Remember this in your opening post:

Quote:
Perceptions_now
But, in back of everything over the last 200 years particularly, has been the steady and un-relenting growth in population that has always been the major Driver or the engine of economic growth, at national and global levels.


Quote:
FD
1) You always respond with a copy and paste bomb, but it never seems to be about the same topic.
2) You claimed you had evidence to support this. I have asked you several times to provide the evidence you mentioned. Would you mind directing me to the evidence you claim you have that supports your view on the relationship between population growth and economic growth?
3) You asked me for the evidence for my view, which is the opposite of yours. I provided that evidence.


1) Perhaps because I post quite a few articles, on things that will affect the future and do not directly relate to you or your posts. Its not all about you, you know?
2) I did? That IS news to me!
What I did post, in response to your continued question was the following, in this thread, on July 19th -
Is this my theory? No!
Are any of my other postings, my theory? No!
Is this posting & my other posts, simply observations of current & future scenarios? Yes!

Btw, just because you continually say something, doesn't give it any validity &/or truth!
3) Yes, to highlight that your so called "evidence", is no more evidence that anything I am saying.

The current set of circumstances are unique in history and "your evidence", is essentially the same as my observations, it is all supposition about future scenario's.

Whatever we post here, may or may not eventually happen, it is not evidence that would be the sort admissable in a court, as the circumstances & how all the factors will interact with each other, are absolutely & completely unknown & unknowable!

That said, you have indicated that Economists had warned of the GFC & that there was general agreement within Economists.

Can I suggest that the British Queen, like a few others, were unaware of the warnings from much of the "Economist profession", as can be seen in the following article titled -
"Sorry Ma’am — we just didn’t see it coming"

http://www.msnbc.msn.com/id/32156155/ns/business-world_business/  

Whilst some Economists, commentators etc did see it coming, such as Roubini & Schiff and they were battered from pillar to post, by many of the other so called experts.

Both Schiff & Roubini got quite a few issues correct, more than many of the establishment, but their record is by no means perfect, not subject discussion on some issues or just plain wrong on some things, as well! But they did do a lot better than many Economists & other experts.
Peter Schiff Link -
 
With Schiff, many critised him for his observations (in fact they laughed at him) and future scenario's and much of what he said, has now proved to be correct. Those that went with the recommendations of others, against Schiff, would now be substantially worse off!

Nouriel Roubini predicted a global financial meltdown -
http://www.theaustralian.com.au/business/opinion/dr-doom-the-prophet-of-loss/sto...

Finally, you say my views are opposite to yours, which I find odd, because I actually agree with you in a number of areas and have said so, repeatedly.
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« Last Edit: Jul 24th, 2010 at 10:46pm by perceptions_now »  
 
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Re: The Future/s?
Reply #82 - Jul 25th, 2010 at 10:31am
 
Quote:
Is this posting & my other posts, simply observations of current & future scenarios? Yes!


This does not look like an observation of the future to me:

Quote:
But, in back of everything over the last 200 years particularly, has been the steady and un-relenting growth in population that has always been the major Driver or the engine of economic growth, at national and global levels.


Quote:
Yes, to highlight that your so called "evidence", is no more evidence that anything I am saying.


Didn't you just change your mind and say you had no evidence? Or is your opinion just as valid as evidence as what actually happened?

Quote:
The current set of circumstances are unique in history


Are you suggesting that our understanding of economics no longer applies? We should throw out the knowledge accumulated over the centuries?

Quote:
and "your evidence", is essentially the same as my observations, it is all supposition about future scenario's.


Actually, my evidence was relevant to the relationship between population growth and econoic growth. If you want to argue that things work backwards in the future go right ahead, but you also made a statement about this relationship in the past, for which you should be able to provide evidence, if it is true. Furthermore, this claim you made about the historical relationship seems to be fundamental to your predictions of the future.

Are you claiming to be able to predict the future by ignoring everything that happened in the past and present?
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Re: The Future/s?
Reply #83 - Jul 25th, 2010 at 10:58am
 
Quote:
perceptions_now
Yes, to highlight that your so called "evidence", is no more evidence that anything I am saying.



Quote:
FD
Didn't you just change your mind and say you had no evidence?


No!
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Re: The Future/s?
Reply #84 - Jul 25th, 2010 at 11:00am
 
Ah, so you do have evidence? Is it relevant to that theory of yours?

Quote:
But, in back of everything over the last 200 years particularly, has been the steady and un-relenting growth in population that has always been the major Driver or the engine of economic growth, at national and global levels
.
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Re: The Future/s?
Reply #85 - Jul 25th, 2010 at 11:03am
 
Quote:
perceptions_now
The current set of circumstances are unique in history


Quote:
FD
Are you suggesting that our understanding of economics no longer applies? We should throw out the knowledge accumulated over the centuries?


No, there are still lessons to apply from history!

However, whilst some of the outcomes may look similar, at present, many of the major inputs ARE DIFFERENT, THEY ARE UNIQUE and so WILL BE SOME OF THE FINAL LONGER TERM OUTCOMES!  

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Re: The Future/s?
Reply #86 - Jul 25th, 2010 at 11:07am
 
Quote:
No, there are still lessons to apply from history!


So you agree we need to get our understanding of history right in order to have any meaningful insight into the future?
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Re: The Future/s?
Reply #87 - Jul 25th, 2010 at 11:11am
 
Quote:
perceptions_now
and "your evidence", is essentially the same as my observations, it is all supposition about future scenario's.


Quote:
FD
Actually, my evidence was relevant to the relationship between population growth and econoic growth. If you want to argue that things work backwards in the future go right ahead, but you also made a statement about this relationship in the past, for which you should be able to provide evidence, if it is true. Furthermore, this claim you made about the historical relationship seems to be fundamental to your predictions of the future.

Are you claiming to be able to predict the future by ignoring everything that happened in the past and present?


Let me out it this way, TRY REDUCING THE GLOBAL & AUSTRALIAN POPULATION by say 2-3% per year, for the next 80 years and you give me your scenario's of what you think will happen to the Global & Australian Economy?

Now, after that, also apply a 4-8% decline in Global Energy Production and then tell me, where you think we will be in 80 years?  

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Re: The Future/s?
Reply #88 - Jul 25th, 2010 at 11:15am
 
I don't see much point in arguing different predictions of the future with you if we can't even agree on what happened in the past and you keep trying to avoid discussing it.

It will still boil down to this claim of yours:

Quote:
But, in back of everything over the last 200 years particularly, has been the steady and un-relenting growth in population that has always been the major Driver or the engine of economic growth, at national and global levels


We would just waste ten or so pages of discussion getting back to where we started.
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Re: The Future/s?
Reply #89 - Jul 25th, 2010 at 11:16am
 
freediver wrote on Jul 25th, 2010 at 11:00am:
Ah, so you do have evidence? Is it relevant to that theory of yours?

Quote:
But, in back of everything over the last 200 years particularly, has been the steady and un-relenting growth in population that has always been the major Driver or the engine of economic growth, at national and global levels
.


No, I didn't change my mind!

Is this my theory? No!
Are any of my other postings, my theory? No!
Is this posting & my other posts, simply observations of current & future scenarios? Yes!


You keep saying it & I'll keep repeating it!
How's that?
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