To: C. Edmund Wright
The world economy dies at about 200 a barrell, if not sooner. Folks wont go anywhere or buy anything they dont absolutely have to. And theyll buy less of that.
I agree. Most folks I know are already in that cautious mind set regarding gas prices and the future of our economy. If it get's worse than $4 or 5$ a gallon, everyone will become a doomsday prepper, and withdraw completely from spending, and start thinking about survival. The economy will just die.
posted on 03/05/2012 6:21:45 AM PST
(FUBO GTFO 2012 ! We should take off and Newt washington from orbit.)
If not a doomsday prepper, they’ll at least become a hunker down and waiter....people who make these predictions clearly do not live in the real world. They act like its just “pain at the pump” without realizing it is devastation and the very foundation of our economy and our liberty.
—everyone will become a doomsday prepper, and withdraw completely from spending, and start thinking about survival. The economy will just die.—
About two years ago I mentioned to my wife that if everyone spent their money the way we do, the economy would die in a week.
posted on 03/05/2012 9:26:18 AM PST
by cuban leaf
(Were doomed! Details at eleven.)
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