I don't think peak oil will bring in some sort of collapse or fast crash and the survivalist way of thinking is mistaken in my opinion. It certainly isn't sustainable anyway. I think TLE or PO will look like ordinary poverty for quite awhile.
A couple more things:
If there is a screening of the documentary "Community Solutions: How Cuba Survived Peak Oil" in your town or if the movie is available through your library system, it's definitely worth a watch.
A book I think depict life as it could turn out to be in a worse case scenario (well, minus the war aspect of things) is "Baghdad Diaries" written by an Iraki artist during the gulf war. When I read it I couldn't help but think a fastish crash scenario would look like that.
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Originally Posted by MomInFlux 
I find myself baffled by those (not necessarily in this thread) who believe that technology and innovation and the powers that be will save us and all will be just fine... We're talking peak oil and climate change and looming financial crisis. Hydrogen cars alone aren't going to reduce carbon emissions enough to head off global warming.
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In total agreement with all of that.
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Originally Posted by MomInFlux 
Back to finances, for those who believe there is a Long Emergency looming, I'm curious about your thoughts on retirement and college education for your kids.
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Thanks for bringing this up.
On retirement savings:
Through my employer, I'm forced to pay into a huge pension fund and I have no way of getting any of that money out, stopping my contributions or even managing my portion myself. I'm considering that lost money. It will be a bonus if I see any of it back as I'm not counting on it.
First things first, we're aggressively paying off all our debts at the moment. We've also majorly changed our lifestyle in the last few years and are working at being able to live on as little money as possible. That's how we've been able to make the switch to being a one income family (and not a very large one at that) in a high cost of living city.
We also have some personal registered retirement savings and buy them mostly for the tax deduction. I'm expecting to cash out on those in the next 10-15 years I imagine.
On the topic of higher education for my kids:
To me, it's not a prerequisite to living a fulfilling life. I personally wish I had gone into a trade of some kind instead of university (not going to university, even tho my parents didn't pay for any of it wasn't really an option, it was the "normal" thing to do, I didn't question it): for one thing I wouldn't have had to spend 8 years repaying my student loan but also, the work I do now has nothing to do with what I studied specifically learned at university. Learning opportunities are everywhere and I learn all the time anyway.
If my kids wish to go , we'll address it then. I started some savings for each of them when they were born (small automatic deduction from my paycheck so I don't see it) but it's not locked in a registered education saving plan and they don't know about this money. I'm actually not counting on anything I save being ever available but you know, it's not causing me hardship to save it right now.
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