I look at it from an efficiency point of view. If they find huge oil deposits in AU the problem is they will spend an incommensurable amount of energy (therefore resources) to ship it worldwide, even if it costs($$) a lot. Money adds value where there is naught. We just pay more but the environment gets the toll.I am not as convinced that "resources running scarce" is the hinge. They just "found" an oilfield in Australia that apparently outdoes Saudi. What was it doing, hiding?? I think the people are being fleeced by a plutarchy that never stopped reaching into the cookie jar. This sort of unchecked inequality (illustrated by the undeclared inflation this thread discusses) is just the sort of trend that eventually sparked revolutions. The plutarchy, this time, has emarkably powerful tools for gathering and processing information; one could argue that they see it coming. i am living in a colossal laboratory of human nature: what will win, instinct or foresight? Shame the stakes are so very high.
100k and can't pay the bills? damn man! I make 13k a year, 15k if I get overtime. Try living off those numbers lol. I know people in even worse spots than me. Fuck I could probably live like a king in most parts of Africa lol.Hey guys Firstly thanks for reading my rant I really need to get this off my chest.
A bit about myself I'm in my late 20's living with my fiancé in our mortgaged house. Nothing too flash a 300k mortgage a 3 bedroom house in the suburbs. We have been here for 5 years and the last year all our bills have gone up at least 50-100%. We have a combined income of 100k and are really struggling to live.
For example 5 years ago our quarterly elec bill was $200 give or take. Today our bill is $900 a qtr. Water bill was $100-200 5 years ago and our last bill was $477.
I just can't believe how expensive things are these day its almost not affordable to live. Take groceries for instance. Weekly food bill has gone from $100 to now $200.
Thank god I don't have to pay for weed these days.
Anyone else feel like they are getting ripped off?
End of rant
Thanks for reading (if you made it this far lol)
If your electric bill went from 200 to 900, with no other changes in behavior, you have an issue with you're house. No State has seen 450% increases in electricity rates over the last 5 years.
And you may be paying more for food but that has nothing to do with the cost of food.
Inflation has been very low the past 5 years, some things may be more expensive, but most goods aren't.
Here is a good link: http://data.bls.gov/cgi-bin/surveymost?ap
It will cost less shipping oil from AUS to USA using supertankers than from the Middle East. What such a deposit promises is another decade or so before we play the game of diminishing returns. And with the way energy prices have doubled to tripled over the last few years, the profit margin is ... fulsome.I look at it from an efficiency point of view. If they find huge oil deposits in AU the problem is they will spend an incommensurable amount of energy (therefore resources) to ship it worldwide, even if it costs($$) a lot. Money adds value where there is naught. We just pay more but the environment gets the toll.
It will cost less shipping oil from AUS to USA using supertankers than from the Middle East. What such a deposit promises is another decade or so before we play the game of diminishing returns. And with the way energy prices have doubled to tripled over the last few years, the profit margin is ... fulsome.
I'm guessing we are saving it for the end game.we have plenty of oil in the US.Only we are to stubborn to capitalize on it
OK, no problem.small detail-OP is in the land down under,sumthin sumthin sumthin and she made me breakfast oh ya---Shoutout to Men at Work
I sure hope schools are not teaching what I call the inflation formula. Basically it states it is a randomized result of certain economic conditions...and it's bullshit.Unlikely since they're Aussie's. The federal reserve isn't doing QE because they want to, they're doing it to prevent deflation.
Why save if interest rates are below inflation? Wouldn't teaching them to adjust as the situation presents itself be better?
A decade old but I doubt things have improved
http://www.fiscalpolicy.org/MinimumWageGraphs.pdf
Hey guys Firstly thanks for reading my rant I really need to get this off my chest.
A bit about myself I'm in my late 20's living with my fiancé in our mortgaged house. Nothing too flash a 300k mortgage a 3 bedroom house in the suburbs. We have been here for 5 years and the last year all our bills have gone up at least 50-100%. We have a combined income of 100k and are really struggling to live.
For example 5 years ago our quarterly elec bill was $200 give or take. Today our bill is $900 a qtr. Water bill was $100-200 5 years ago and our last bill was $477.
I just can't believe how expensive things are these day its almost not affordable to live. Take groceries for instance. Weekly food bill has gone from $100 to now $200.
Thank god I don't have to pay for weed these days.
Anyone else feel like they are getting ripped off?
End of rant
Thanks for reading (if you made it this far lol)
Same way we are taught that our paper money has any real meaning or any backing other than a fire starter.I sure hope schools are not teaching what I call the inflation formula. Basically it states it is a randomized result of certain economic conditions...and it's bullshit.
Inflation is and always has been hidden taxation.
That's a good thing to remember that although you live in the richest country in the history of the world with a greater inequality than ancient Rome. You're doing better than Djbouti because he can't Skype and has internal parasites.Lots of doom and gloom in this thread from folks that live quite comfortable first world lives. If you have internet access and enough power and time to grow weed you are doing just fine in the grand scheme of things. Always good to keep some perspective.