and more plastic 'like' debt!

Here is a energy issue that is not being discussed and i think we should
consider.
And that's along with the plastic (credit) bomb senerio which i just forward
to you..

The American 'true romance'...The car! the ever newer, shiner and more
bizarrely luxurious as well as powerful automobile.

Now to keep our wonder machines mobile it takes fuel and as fuel prices
increase and we are being told that we have not experienced anything so
far... that's when the crunch will be felt. Crude is just below $95 today
and is expected to hit a hundred before the New Year.
Can the American driver afford another dollar on the pump price?
That's a question that is frequently asked.

And lets assume after all adjustments are made by the drivers that are
possible in this a shrinking economy that the strain is still unmanageable.
What will happen then?

Before you answer that also consider the public who drive have also maxed
the plastic and the mortgage payment has reset by a few percentile..up!
Something has to give as the whole society can't go postal..we'll not all at
once! I think it would be only polite to sign up so we can take our turn.
And of course at that time we could pick the category we feel we would like
to be expressive in.
Anyway...
I'm sure you are getting it. It's the car payment that will have to go along
with the operating expense. This is not one of those burning issues like WMD
in Iraq or where ever we are told to turn our head toward. And so that we
don't look at what we are not suppose to see...our own national survival.

And is stem cell research what the general public needs to discuss or make
decisions on? Seems to me that's a good one for the scientist to at least
give a go at. Simplistic? So is the family shelter which it seems we are
having even less input on.
The car is the needle in our arm which keeps the juice flowing and the bread
going towards our gullet.

So right, it's soon going to be: Dump the buggy month and coming up in a
garage near you. If we can't gas it we can't drive it and we can't pay for
it or won't pay for it to sit in the street until some former neighbor who
has recently been evicted moves in or uses it for the a dog kennel.

What does this mean? This no down and pay for five deal is now functioning
similar to the unsecured plastic debt. Neither the plastic has anything that
can be redeemed nor will the family shinny steed. Who is going to buy one of
the millions of soon to be repo cars which they also will not be able to
afford to drive?

Now that's national debt big time. The plastic debt usually has had
significant pay back so the losses on debt default have been diminished by
the additional fees paid as well as the high interest rate on unsecured debt
really cuts the principle debt way down for the credit companies.

Car loans have a much lower interest rate and the security (resale value) is
always diminishing from the car dealers lot.
In this case their will be no demand and hence no value as resale.

And of course i presented this in a broad manner. People will respond with
what they individually may have to deal with. But using the guzzler as a
trade in for lets say a Hybrid will only happen as long as the dealer is
able to dispose of the trade in within the retail market. And we are
describing a sudden change in market demand for vehicles.
The Smart for two vehicle which is not yet available has even so taken
39,000 deposits here in the land of bigger is better. It's cute but i don't
much improvement as to mpg. Somewhere between 30 and 40 mpg is what I'm
reading. And the cost is ten to sixteen grand.Ouch!

So i would think if Peak Oil puts the squeeze on the finance end of the
family wheels then the system will actually seize up. It's the 'perfect
storm' syndrome.
The projected scenarios have the electrical grid failing first in a peak oil
crisis. And which is totally out of our realm to intervene.
Maybe we will be allowed to all make a contribution to bring the now
strained but functioning system to a stand still if we all have to trash our
wheels and then have to walk to the soup line.