tag:blogger.com,1999:blog-4921988708619968880.post3201207339732286697..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: September 22 2009: Ali Baba and the Forty ThievesIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger311125tag:blogger.com,1999:blog-4921988708619968880.post-10184088342842898912009-09-24T19:41:04.677-04:002009-09-24T19:41:04.677-04:00Regarding the "6% thing"... The Federal ...Regarding the "6% thing"... The Federal Reserve regional banks are required to return their profits to the US Treasury each year. However, from these profits they deduct 6% which is returned to the shareholders in the Federal Reserve regional banks.<br /><br />For those of you who don't want to believe this, I cite <a href="http://www4.law.cornell.edu/uscode/12/usc_sec_12_00000289--Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-33454803730645376942009-09-24T14:35:20.014-04:002009-09-24T14:35:20.014-04:00El G - "When Kuntsler wrote "The Long Em...El G - "When Kuntsler wrote "The Long Emergency," he viewed peak oil as the precipitating factor. He had little awareness of peak credit at the time. It may have been Stoneleigh that tipped him off..."<br /><br />I corresponded with Kuntsler a few times back in 2000-2001. Even then he and I seemed to agree that at the peak oil plateau, our economy would be dealt a series of Weaseldoghttps://www.blogger.com/profile/12657976442272800800noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-36501289266912973382009-09-24T14:34:42.608-04:002009-09-24T14:34:42.608-04:003 - or both!3 - or both!Hombrehttps://www.blogger.com/profile/12930734368916487826noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-75404339024015277272009-09-24T14:16:29.987-04:002009-09-24T14:16:29.987-04:00El G - "When Kuntsler wrote "The Long Em...El G - "When Kuntsler wrote "The Long Emergency," he viewed peak oil as the precipitating factor. He had little awareness of peak credit at the time. It may have been Stoneleigh that tipped him off..."<br /><br />That's likely correct, and I readily admit I am in the same group--thinking peak energy would crash us and quite unaware of the massive corrupt and shaky house ofHombrehttps://www.blogger.com/profile/12930734368916487826noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-27986373504739820912009-09-24T14:05:38.092-04:002009-09-24T14:05:38.092-04:00Weaseldog
Hopefully the assclown(s?) is paid by t...Weaseldog<br /><br />Hopefully the assclown(s?) is paid by the day and got a one day contract. There was a certain desperation in his/their escalation as if they had a "performance contract." Starting out with a semi-legitimate financial position and winding up taunting some regulars and Ilargi and posting the same recipe repeatedly.<br /><br />Perhaps they subcontract with Bombay to el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-65928079780388125732009-09-24T13:31:38.934-04:002009-09-24T13:31:38.934-04:00There are firms that contract out professional tro...There are firms that contract out professional trolling.<br /><br />Netvocates was the first to be publically exposed. They changed their name and have morphed a few times. Who they are now, is unknown to me.<br /><br />The type of trolling we are seeing here, has the same flavor.<br /><br />I also would like to request again, that anonymous posting be disabled. I use FireFox and it has add ons Weaseldoghttps://www.blogger.com/profile/12657976442272800800noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-57357619092538087592009-09-24T13:29:03.062-04:002009-09-24T13:29:03.062-04:00When Kuntsler wrote "The Long Emergency,"...When Kuntsler wrote "The Long Emergency," he viewed peak oil as the precipitating factor. He had little awareness of peak credit at the time. It may have been Stoneleigh that tipped him off, but I will give him credit for listening to Our Lady of the Irrefutable Conception.<br /><br />In any event, peak oil would have precipitated a more gradual decline than peak credit, which will el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87071299200515332642009-09-24T13:21:15.459-04:002009-09-24T13:21:15.459-04:00Gravity re your first paragraph
For a Nederlander...Gravity re your first paragraph<br /><br />For a Nederlander you certainly have the shadow government pegged here. My thoughts exactly.<br /><br />Anyone notice that Obama is pushing hard to extend the so-called Patriot Act? Change I never could believe in. Why are the fascistas, like yesterday's interloper, so unhappy with him?el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-44408624429862270562009-09-24T12:55:43.904-04:002009-09-24T12:55:43.904-04:00@ Craig - Well... let's see... there's lon...@ Craig - Well... let's see... there's long... and then there is forever! :)<br /><br />Actually I was implying that the ramping down we're experiencing is proceeding somewhat at a slower pace than JHK has been prognosticating for a l o n g time. (no pun int. ;-)Hombrehttps://www.blogger.com/profile/12930734368916487826noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49844373060484377802009-09-24T12:45:27.473-04:002009-09-24T12:45:27.473-04:00I regard the large platter of troll sandwiches (al...I regard the large platter of troll sandwiches (all with the crusts cut off) served yesterday to be an indication and vindication of just how on the money TAE is in regards to it's financial world view.<br /><br />The cracks in the present system are becoming more visible by the day on a micro and macro scale. I take the infantile outbursts by assorted Sheeple People Trollops on this an otherAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-78558072197243652712009-09-24T12:42:29.056-04:002009-09-24T12:42:29.056-04:00Everyone is an expert.
But .... not everyone can c...Everyone is an expert.<br />But .... not everyone can come up with the correct solution.<br />If he calls himself a financial advisor ... does that mean that he knows more than you?<br /><br />Try this one and decide if he got it right or if he is wearing blinkers.<br /><br />http://seekingalpha.com/article/163037-dollar-nearing-a-critical-level?source=email <br />Dollar Nearing a Critical Level jalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29616303206482571892009-09-24T12:42:11.045-04:002009-09-24T12:42:11.045-04:00"The blogosphere is relentless,
if they are n..."The blogosphere is relentless,<br />if they are not all accused of financial terrorism, <br />it will be civil discourse without end. <br />First, I want you to go to TAE, <br /> Stoneleigh's on a trip, <br />you will catch them off balance.<br />Do not hesitate to annoy, <br />show no courtesy."<br /><br />If the financial situation is truly that dire, a form of wartime Gravityhttps://www.blogger.com/profile/09126443076478406015noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-22032899671634563032009-09-24T12:36:52.747-04:002009-09-24T12:36:52.747-04:00We're about a year or so into Kunstler's &...<i>We're about a year or so into Kunstler's "Long Emergency." Although it may take longer than he expected.</i><br /><br />What part of "Long" don't you understand :)Craig Morrishttps://www.blogger.com/profile/17895653046447172310noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-39358302547598610762009-09-24T12:22:59.660-04:002009-09-24T12:22:59.660-04:00Nassim - "Essentially, the dynamics in both i...Nassim - "Essentially, the dynamics in both industries amplify (up or down) the changes in the market place - with a multi-year delay."<br /><br />I agree, and think the BDI is indicating MAJOR SLOWDOWN of shipping which inherently means a winding down (if not a screeching halt) to globalization.<br /><br />We're about a year or so into Kunstler's "Long Emergency." Hombrehttps://www.blogger.com/profile/12930734368916487826noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-18226182918926533632009-09-24T12:21:28.221-04:002009-09-24T12:21:28.221-04:00Stoneleigh
I wonder if you could repeat your thou...Stoneleigh<br /><br />I wonder if you could repeat your thoughts on the oft-heard hypothesis that the Fed/Treasury, through Goldman and others, is propping up the equity market. Similar to the belief that the Fed can monetize financial ruin away, the idea that it could -- or even <i>would</i> if it could -- prop up markets, does not make sense to me. Like you said about printing, if it could Farmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90608426879493873222009-09-24T11:51:03.945-04:002009-09-24T11:51:03.945-04:00A central bank does have several theoretical benef...A central bank does have several theoretical benefits to offer, some of which are not easily placed with another body, but generating any profit on money-creation should result in a small amount of additional inflation somewhere, since any profits that are returned to the treasury must be from misinflated assets. <br /><br />If one presumes malicious intent on their part, the profit mechanism Gravityhttps://www.blogger.com/profile/09126443076478406015noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-7749581424277998862009-09-24T11:50:39.787-04:002009-09-24T11:50:39.787-04:00" Wonder if there is still time to max out my..." Wonder if there is still time to max out my credit cards?. Like a fool I have been paying them off in total every month."<br />=== <br />hehehe!<br />Where I live ... if you owe money ... you got to pay it back ... even if you declare bankruptcies, you got to work out a repayment schedule even if its cents on the dollar. <br />jaljalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3646567078330782222009-09-24T11:32:47.296-04:002009-09-24T11:32:47.296-04:00Coy Ote & VK,
The FT had a good article today...Coy Ote & VK,<br /><br />The FT had a good article today about shipping:<br /><br /><i><br />Any substantial improvement in demand would trigger the return to the market of hundreds of idle ships - about 12 per cent of the global fleet of 5,000 vessels - which would hit freight prices and also delay any recovery in shipping profits.<br /><br />No new vessel orders have been placed in the pastNassimhttps://www.blogger.com/profile/18014132282872515690noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17398823683276665492009-09-24T11:18:33.300-04:002009-09-24T11:18:33.300-04:00@Jal
"The Americans made the best choice tha...@Jal<br /><br />"The Americans made the best choice that was available. They had a pig to deal with and they decided not put lipstick on it."<br /><br />Jal, you are right. Wonder if there is still time to max out my credit cards?. Like a fool I have been paying them off in total every month.el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-71324135905617352412009-09-24T11:04:31.094-04:002009-09-24T11:04:31.094-04:00Reality bites back. Looks like the party is on hil...Reality bites back. Looks like the party is on hillbillies!Earnest Luxhttps://www.blogger.com/profile/00054054464481018004noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-59191164146580838942009-09-24T11:02:14.613-04:002009-09-24T11:02:14.613-04:00@ saner than others ( el gallinazo said...)
&quo...@ saner than others ( el gallinazo said...)<br /><br /><br />"These reckless actions have simply pushed the consequences of the bubble bursting into the future by a matter of several months."<br />----- <br />The only word that I would disagree with is "reckless"<br /><br />That implies that there was another option.<br /><br />Timmy and Obama have said that they would do whatjalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-76856748592147545942009-09-24T10:44:03.837-04:002009-09-24T10:44:03.837-04:00In our area, they're building new hospitals an...In our area, they're building new hospitals and additions to current hospitals. Who is going to use them in a few years? People will have lost jobs, lost insurance, and have no money for surgeries. The building contracts must have been signed a while ago, so while the money is flowing...build, build, build.bluebirdhttps://www.blogger.com/profile/09600634086150466162noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28662935504173853212009-09-24T10:36:38.845-04:002009-09-24T10:36:38.845-04:00@ Coy
I recall that Daily Mail article about the ...@ Coy<br /><br />I recall that Daily Mail article about the world's shipping fleets that have stopped at various spots around the world.<br /><br />In that I recall, that by 2011, all the worlds shipping builders won't have any new orders and will effectively close down due to a lack of new orders!VKhttps://www.blogger.com/profile/06843562351166927162noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-26782861839338055202009-09-24T10:35:46.286-04:002009-09-24T10:35:46.286-04:00"The FDIC needs to do an IPO."
reply: &..."The FDIC needs to do an IPO."<br /><br />reply: "Guesses on who would underwrite it?"<br /><br />-from ZeroHedge commentsBigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77621103199037587632009-09-24T10:29:56.881-04:002009-09-24T10:29:56.881-04:00El G - "...except the world equities markets,...El G - "...except the world equities markets, which are detached from reality and have been pumped with false and temporary liquidity..."<br /><br />I hear that! Which of course does nothing to alleviate the difficulties of all those regular folks who voted for either Obama or McCain. Like dupes in a mining town!Hombrehttps://www.blogger.com/profile/12930734368916487826noreply@blogger.com