Rolling Back Daylight

Today's N&R reports that NC revenues are off $71 million for the ending fiscal year.

Another story relates how due to high gas prices and credit card fees, a Roseboro store will stop pumping gas. I heard on the radio that vendors are demanding cash for the same reason.

It is only a matter of time before we begin to see stories about outlying areas losing distribution of beer and cigarettes. God forbid they should stop delivering groceries.

Welcome to the Peak Oil Economy. You ain't gonna like it. Rising property taxes, a curtailment of infrastructure and the necessities of life are forcing the far flung to leave. I hate to say that Kunstler was right, but we may see the return of feudalism in these places. Survival may very well come to depend on employment and protection by the local land owner. Areas between cities may become vast lawless wastelands, fit for travel only by well-armed groups.

I'm not saying the road to Stenchville will be closed. But this time next year, I wouldn't want to be on the highway at night in rural eastern North Carolina.

Tonight, when you rise from your sleep to visit the bathroom and get a drink of water, take a look out your window. Now, imagine that view without the street lights. That's your Peak Oil Economy and you'd better prepare to deal with it.

Comments

I guess I'd better go get me a gun

so I can keep poachers out of my garden.

No...I'm really kidding.

I haven't been asked to use cash, but I did have one of our little local fillerup places ask me to pay using the credit feature on my debit card b/c the purchase was under $8 and they wouldn't have to pay a fee. Never had that happen.

Robin Hayes lied. Nobody died, but thousands of folks lost their jobs.



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Vote Democratic! The ass you save may be your own.

Been asked to do that, too.

But I think the debit fees are paid by the card holder, and credit fees are paid by the merchant.

Of course, I'm happy to comply and always tell them "debit". I deeply appreciate our local merchants and want them to stay around forever. Paying a tiny premium for the priviledge of walking to the independent grocery store downtown or putting used tires on my car (a better brand than I could ever afford new) at the locally owned full service garage and gas station is a small sacrifice. In fact, these days, it's actually a benefit. It's one small reason living in a small town is so nice. Everything old is new again. :)

"It is amazing what you can accomplish if you do not care who gets the credit." - Harry Truman

"They took all the trees and put them in a tree museum Then they charged the people a dollar 'n a half just to see 'em. Don't it always seem to go that you don't know what you've got till it's gone? They paved paradise and put up a parking lot."

He told me they pay smaller fees

for the "debit" visas, but pay no fee for charges under $8. I don't know if it is the truth, but I'm happy to comply. The money has to be in the account either way.



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Vote Democratic! The ass you save may be your own.

Has to do with fraud

If there is fraud using a credit card then the card company is responsible for paying people back. If there is fraud with a debit card it is on the consumer, or possibly the bank. Some banks offer zero liability debit cards, but not all. And even then there is a question of whether the merchant gets stuck by the bill, so the liability is also a problem for the card companies who are providing the service to the business owner.

Or something like that, the whole thing confuses the heck out of me.

"Keep the Faith"

"Keep the Faith"

Ah. That's prob'ly true.

I only have a debit card. Never tried using a credit card for a small purchase.

"It is amazing what you can accomplish if you do not care who gets the credit." - Harry Truman

"They took all the trees and put them in a tree museum Then they charged the people a dollar 'n a half just to see 'em. Don't it always seem to go that you don't know what you've got till it's gone? They paved paradise and put up a parking lot."

Mine is a Visa debit card

That means you can use it as a credit card....it does the same thing...takes the money right out of your account. The only difference is how the merchant codes it in. The fact that it is a Visa means you can use it for online purchases and to reserve hotel rooms, etc. Money still comes out of the account....doesn't get charged up somewhere.

Robin Hayes lied. Nobody died, but thousands of folks lost their jobs.



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Vote Democratic! The ass you save may be your own.

Ack. Now i'm confused again.

Mines a Visa debit, too. But when I hand it over they always ask if they can scan it as debit so they don't have the 3% fee charged to them. Oh, well. I'm cool. Confusion is not new to me. :}

"It is amazing what you can accomplish if you do not care who gets the credit." - Harry Truman

"They took all the trees and put them in a tree museum Then they charged the people a dollar 'n a half just to see 'em. Don't it always seem to go that you don't know what you've got till it's gone? They paved paradise and put up a parking lot."

I was raised a Quaker...

and have since lapsed terribly. However, I will not be buying a gun. We don't have children and I don't think the Wife really expects me to protect her. Nevertheless, I'll stand my ground. If I get whacked, so be it.

Quaker's have no problem with guns...

for gathering food. I suggest you think again!

I'm wondering how far afield I will have to go to collect game for dinner in Chapel Hill?

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me

Not far.

You're a hop and a skip from Chatham County, land of the over populated white tail long legged rat deer.

"It is amazing what you can accomplish if you do not care who gets the credit." - Harry Truman

"They took all the trees and put them in a tree museum Then they charged the people a dollar 'n a half just to see 'em. Don't it always seem to go that you don't know what you've got till it's gone? They paved paradise and put up a parking lot."

There's tons of deer behind the Friday Center

it's always a treat to see them, helps you reconnect for a moment. then back to asphalt and concrete and work and tv and the intertubes and cars and.... i need to go up to the mountains soon...

Our covenants do not strictly prohibit

concertina wire. I wonder how that will look with my landscape?

Robin Hayes lied. Nobody died, but thousands of folks lost their jobs.



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Vote Democratic! The ass you save may be your own.

Hilarious

We may have to pass some new ones.

It might be quite fashionable soon.

But you probably want to get the solar panels and wind turbine installed first.

"It is amazing what you can accomplish if you do not care who gets the credit." - Harry Truman

"They took all the trees and put them in a tree museum Then they charged the people a dollar 'n a half just to see 'em. Don't it always seem to go that you don't know what you've got till it's gone? They paved paradise and put up a parking lot."

We're in real trouble I think, like 1928 trouble.

The dow is in a freefall, down to 11,000 any day.

The idea of $100 a barrel oil was called absurd by republicans when Jerome a' Paris used to blog about it on Daily Kos, now we sit at $140/barrel.

Gas is $5.00 a gallon in many places.

Soy, corn, and wheat are at all time highs.

Floods have caused $4 BILLION in losses to corn farmers in Iowa alone.

Food prices are at higher adjusted levels than they have been since the first Bush economic quagmire.

Health care premiums continue to rise, while coverage continues to dwindle.

Home sales are slumping across the nation, regardless of what the realtors would have you believe.

The unsold home backlog has reached an epic amount, with a one year backlog of unsold homes, regardless of what the realtors would have you think.

Food shortages, water shortages, money shortages. All we need is a couple Hurricane Hugo's to hit Miami, Texas, Louisiana and North Carolina this year and we are in deep doo-doo.

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me

Are you suggesting...

Home sales are slumping across the nation, regardless of what the realtors would have you believe.

Are you suggesting the National Association of Realtors is not telling the whole story? They are a benevolent organization whose only goal is to serve the public good with gobs and gobs of truthiness. How dare you assault their integrity like that!

Another critical threat

Another critical threat, I think, is the domino effect on credit availability brought to a head by the greed gorging on property.

Americans were already using around 130% of monthly disposable income on debt payments (up from 98% just a few years ago).

Credits lines were tapped out and now property values are deflating.

None of the banks trust each other, won't or can't lend to one another.

The bond companies threw their stability and reputations out the window and now threaten municipal access to affordable capital because bond insurer ratings are no longer stellar.

Apparently a ton of commercial credit taken on by regional banks was not securitized so they are sitting on the rising default rates. Some articles I've seen speculate there may be solvency threats on as many as 300 regional banks.

Credit availability is likely to be tight for several years

It is going to take a vigilant "set jaw" determination of the American people to take control, cinch belts, and demand that the ne'er do well, idle rich, and greed Gekkos get out of the way while we right the boat. We'll invoice them later. Oh, and there will be interest charges.

y2k all over again

I worked in a camping store right before y2k. We had every psuedo survivalist within a 5 county region treking to our store. December of 1999 was our best month ever, I sold tons of gear and dehydrated food. The nuts were buying it by the case.

Wake Forest won't play us anymore
Michigan last year
LSU - you are next
Go ASU!

10,000 cans of tuna fish

My neighbor (retired military) has about 10,000 cans of tuna fish he will sell you at a deep discount.

Wake Forest won't play us anymore
Michigan last year
LSU - you are next
Go ASU!

ewww.

I would rather buy nuts.

Be the change you wish to see in the world. --Gandhi
Pointing at Naked Emperors

Just another view....

I know we have no control over what's happening to our devalued dollar, because Bernanke has the reins, and has decided to let the dollar go into freefall to save Bear, Stearns & gang. I don't remember all the names, but I have recollection of about five Federal Reserve bosses, and to keep the dollar from being devalued, they bought up excess dollars on the currency markets. Bernanke and the gang backing him decided to devalue our lifestyle without any of us getting a vote on the matter. The fuel situation is being handled similarly. As one who has listened to more than a few commodity experts testify to Congress, there are two items that stick out as the main problem in the rise of fuel. One is the 'margin' problem, where a brokerage house(Morgan Stanley) and a bunch of hedge funds are controlling a very large percentage of the oil futures(with only 5% down payment), or as they used to call it, "cornering the market". The other item is that little change in the law, pushed by that great American, Phil Gramm of Texas, in 2000, that dropped any regulation on these commodity transactions, which also results in no ability to see who is controlling our 'free enterprise' market. So, a few in Congress, like Byron Dorgan, and Bernie Sanders, would like to get some changes made in those laws. They have railed about it for weeks, but like the American people, they have no allies in Congress. So, the term "peak Oil", may have some part in this, but the media wants us to hang on to that as the sole reason. Even many oil execs have been confounded as to the huge runup in such a short time. So, until the media gets there head out of their asses, the people will continue getting bullshit poured on them, and we may well become the next Mexico, where the rich have ultimate control in all facets of the country, and society is only for their benefit. Yeah, better start expanding the gardens!