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He's way over on the left ziaAirmac. He was, I believe an editor for Rolling Stone magazine back in the 1970s. That should be a red flag, right there. But he talks about subjects such as petrology when he is the first to admit he has no formal training. At heart, he's a social engineer, which is a euphemism for big government controlling every facet of your life. I got about 3 chapters into his book "The Long Emergency" when I realized the book was almost entirely based on platitudes rather than on hard science.
I believe Lisdol is right about his Y2K prophecy as well. He's an alarmist. His real motivation seems to be controlling human settlement, i.e. how people should live, in his vision. He probably has a dart board with Henry Ford's face circumscribed on the bullseye in his house. He hates the car, and suburbia. Someone who thinks that all transportation should be patterned after the European model, i.e. public and heavily subsidized, in the vernacular of classic socialism.
I will give him credit for something though, belatedly: I believe he predicted back in 04 the stock market would crash down to 4,000 points by the end of 2006. However, he correlated that crash with the spike in a barrel of oil. He was partially right: the stock market is crashing, but the pricing on oil is correspondingly on the decline.
I will give him credit for something though, belatedly: I believe he predicted back in 04 the stock market would crash down to 4,000 points by the end of 2006. However, he correlated that crash with the spike in a barrel of oil. He was partially right: the stock market is crashing, but the pricing on oil is correspondingly on the decline.
Mike, it's probable that the spiking oil price played a hand in the market crash.
High oil prices are a huge drag on the economy, and contributed to the downward spiral - which hurts company profits - which in turn drags down stock prices. Once the economy is in free fall, oil prices go back down due to the lower demand.
The Rolling Stone, socialist freak may actually be right on this one.
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