tag:blogger.com,1999:blog-4921988708619968880.post395414695409734195..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: July 1 2009: Renewable power? Not in your lifetimeIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger115125tag:blogger.com,1999:blog-4921988708619968880.post-85662120509303705532009-09-15T06:08:17.414-04:002009-09-15T06:08:17.414-04:00Job Site Job Board Co-op Placement for laid off em...Job Site Job Board Co-op Placement for laid off employee and job seekers Toronto<br />http://www.thecanadiancollege.ca/course-schedule.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-88036731244196104372009-09-15T06:06:21.264-04:002009-09-15T06:06:21.264-04:00Job Site Job Board Co-op Placement for laid off em...Job Site Job Board Co-op Placement for laid off employee and job seekers Toronto<br />http://www.thecanadiancollege.ca/course-schedule.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-25399007014859101792009-07-02T23:29:57.022-04:002009-07-02T23:29:57.022-04:00Stoneleigh
I think that the Japanese cashless str...Stoneleigh<br /><br />I think that the Japanese cashless strategy is meant also to force people to spend their money now rather than when it is devalued. A purely artificial forced inflation.<br /><br />The Bank of Sweden strategy is a gun to the heads of the banks to lend in an unfavorable climate, to increase the volicity of money to prop up the moribund economy.<br /><br />I find the whole Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-34576203367332341202009-07-02T23:16:33.547-04:002009-07-02T23:16:33.547-04:00New post up at last.New post up at last.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-18773643077904470092009-07-02T23:02:07.833-04:002009-07-02T23:02:07.833-04:00Blogger has been refusing for half an hour to uplo...Blogger has been refusing for half an hour to upload the new post. I'm working on it.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-10808424860049111352009-07-02T22:53:11.488-04:002009-07-02T22:53:11.488-04:00Thanks Greyzone, that is indeed what we are predic...Thanks Greyzone, that is indeed what we are predicting over the next year or two. Beyond that we are likely to see prices rise with supply collapse, following on from demand collapse. My prediction is that within 5 years we will see the price of oil and oil products take a moonshot that puts them out of reach of ordinary people. Deflation initially drops prices across the board, but then over theStoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-21503642127222142422009-07-02T22:44:08.537-04:002009-07-02T22:44:08.537-04:00To Anon@8:42 - I&S are not predicting an absol...To Anon@8:42 - I&S are not predicting an absolute price rise in energy. Rather, what they have said is they expect the cost of energy relative to available wages to increase. So, while oil may be $70 per bbl now and while it might drop to $20 per bbl, the living wages of most people will drop by a larger amount. <br /><br />Instead of energy being 10% of your budget, it might become 25%. So, Greyzonehttps://www.blogger.com/profile/03675706201111951125noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-4976754664726727732009-07-02T22:38:49.432-04:002009-07-02T22:38:49.432-04:00A lot of these stories about eliminating cash or n...A lot of these stories about eliminating cash or negative interest rates or hyperinflation are meant to deter people from thinking that holding cash is a good idea. If people are worried about holding cash, they will be less likely to pull their cash out of the banking system, and that is the one thing central authorities fear above all else. <br /><br />Cash is king, but the powers-that-be don&#Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80974295800451785042009-07-02T22:18:22.721-04:002009-07-02T22:18:22.721-04:00It appears that the Swedish negative interest rate...It appears that the Swedish negative interest rate only applies to banks deposits in the central bank.<br /><br />Not like the trial balloon sent up last week regarding Japan calling in all cash and having negative rates for everybody.<br /><br />VickyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-333468763193963542009-07-02T21:50:18.625-04:002009-07-02T21:50:18.625-04:00Interesting TV interview with Taibbi. Thanks for t...Interesting TV interview with Taibbi. Thanks for the link.<br /><br />A well spoken, confident guy.<br /><br />Goldman is Satan<br /><br />Rock on.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-86797624589571489882009-07-02T21:47:38.477-04:002009-07-02T21:47:38.477-04:00@Greyzone At $70/bbl, maintenance is still profita...@Greyzone At $70/bbl, maintenance is still profitable. Even some new drilling is. At $50, most maintenance is still profitable.<br /><br />@Bigelow Shale gas costs about $6.50/mmcf to produce. Free gas from Qatar costs $3.50 to ship here. Look at the current price...I'd like some of what the Kinder Morgan dude is smoking.Frankhttps://www.blogger.com/profile/11752307987743035281noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8471596320897860612009-07-02T21:45:26.220-04:002009-07-02T21:45:26.220-04:00VK A SWEDISH MONETARY PRIMERSee Yorn run. Run Yorn...VK <br><br>A SWEDISH MONETARY PRIMER<br><br><i>See Yorn run. Run Yorn Run!<br /><br />See Tildi run after Yorn, Run tildi run!<br /><br />Too late Tildi, too late Yorn</i>:-(<br><br>-Vert I go-<br><br>PS, apparently if it sells well they are going to bring out a UK and US edition.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-65651337569845577472009-07-02T21:25:36.623-04:002009-07-02T21:25:36.623-04:00So if I were a depositor in Sweden.
I'd pull o...So if I were a depositor in Sweden.<br />I'd pull out all my savings and transfer them abroad basically.<br /><br />Why would someone want to invest in other assets when they are clearly deflating in value? <br /><br />What incentive as a saver would someone have of losing money they thought was safe from losses?<br /><br />It seems quite crazy really. Does sweden really have a savings glut? VKnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-78633861270844475972009-07-02T21:18:43.424-04:002009-07-02T21:18:43.424-04:00From,
http://www.riksbank.com/templates/Page.asp...From, <br /><br />http://www.riksbank.com/templates/Page.aspx?id=32047<br /><br />The minutes from the Executive Board’s monetary policy discussion will be published on 16 July. The decision on the repo rate will apply with effect from Wednesday, 8 July. The deposit rate is at the same time cut to -0.25 per cent and the lending rate to 0.75 per cent.<br /><br />Certainly a BOLD gamble. Negative VKnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-51857767317635753652009-07-02T21:09:57.890-04:002009-07-02T21:09:57.890-04:00Banking system like South Sea bubble, says senior ...Banking system like South Sea bubble, says senior Bank of England official<br /><br />http://www.guardian.co.uk/business/2009/jul/01/bank-england-south-sea-bubbleIannoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-58456216643214589642009-07-02T20:42:46.396-04:002009-07-02T20:42:46.396-04:00Hi Stoneleigh and Ilargi,
I am still trying to co...Hi Stoneleigh and Ilargi,<br /><br />I am still trying to convince enough people in my neighborhood to pool our resources to set up some wind turbines. Some of us have solar panels, but the electricity production goes way down in the winter when we have shorter days here in upstate NY and lots of overcast days.<br /><br />I know you are predicting that the cost of ff energy will go up in the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-40158827059963696002009-07-02T20:42:13.108-04:002009-07-02T20:42:13.108-04:00More Ho,Ho,Ho if it hasn't already been posted...More Ho,Ho,Ho if it hasn't already been posted here Matt Taibbi in the flesh at <a href="http://zerohedge.blogspot.com/2009/07/taibbi-goes-on-air.html" rel="nofollow"> Zero Hedge</a><br><br>-Vert I go-Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43705745277691740942009-07-02T20:18:58.346-04:002009-07-02T20:18:58.346-04:00Ho, Ho, Ho, Mish!Sweden Cuts Deposit Rate to NEGA...Ho, Ho, Ho, <a href="http://globaleconomicanalysis.blogspot.com/" rel="nofollow"> Mish!</a><br><br><i>Sweden Cuts Deposit Rate to NEGATIVE .25%</i><br><br>I don't think that bodes confidence ratings much good <br><br>-Vert I go-Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-56001490640263929732009-07-02T20:18:56.715-04:002009-07-02T20:18:56.715-04:00Cold Camel,
Your plan there sounds similar to w...Cold Camel,<br /> Your plan there sounds similar to what my wife and I are starting in on. We have looked far and wide for a place to build a farm based business that will be viable in a BAU environment and livable/pleasant should the full-blown doomer version of things come to be. <br /> We started by looking in northern Vermont (up against the Canadian border) where we had very kind EBrownhttps://www.blogger.com/profile/02894676347259218501noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17112978000392107592009-07-02T20:00:55.637-04:002009-07-02T20:00:55.637-04:00Oops BFThursday - getting my days off kilter.
Due ...Oops BFThursday - getting my days off kilter.<br />Due to the Fed Holiday, Bair and the gang get an early start this weekPersephonehttps://www.blogger.com/profile/16990525279110502147noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-46603755650751820142009-07-02T19:45:13.161-04:002009-07-02T19:45:13.161-04:00Anon @6:59,
I am a military retiree. I depend on ...Anon @6:59,<br /><br /><i>I am a military retiree. I depend on a military pension for my survival. Is my pension in any danger of being reduced or cut? What do you guys see happening to my pension?</i><br /><br />We are very concerned about pensions in general. Military pensions could be more secure than others, but sadly there are no guarantees for anyone. All manner of entitlements are in Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-72343427599901052632009-07-02T19:19:27.658-04:002009-07-02T19:19:27.658-04:00BFF begins - 7 so far
#46, #47, #48
#49, #50, #51...BFF begins - 7 so far<br /><a href="http://www.calculatedriskblog.com/2009/07/three-more-bank-failures-46-47-48.html" rel="nofollow">#46, #47, #48</a><br /><br><br /><a href="http://www.calculatedriskblog.com/2009/07/three-more-bank-failures-49-50-51.html" rel="nofollow">#49, #50, #51</a><br /><br><br /><a href="http://www.calculatedriskblog.com/2009/07/Persephonehttps://www.blogger.com/profile/16990525279110502147noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12651563759231963322009-07-02T19:18:22.710-04:002009-07-02T19:18:22.710-04:00Coyote, I can't feed the masses, but if I feed...Coyote, I can't feed the masses, but if I feed myself, that is one less mouth for the government to feed. If fear freezes you, then you become one more mouth.<br />Humans are territorial like wolves. We prey upon neighbors. A wolf pack does not leap to a new region. So if your neighbors are honest, capable, and socially networked, chances are the mobs won't reach you. <br /><br />I Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-68367817934228877902009-07-02T19:09:24.648-04:002009-07-02T19:09:24.648-04:00Carpe Diem: This is one of the few areas I do agr...Carpe Diem: This is one of the few areas I do agree with Denninger a little bit -- we're fucked, they're fucked worse.<br /><br />If that's starting to come out, look out in Europe.Starcadehttps://www.blogger.com/profile/09226367306835781483noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43314710273625158422009-07-02T18:59:28.070-04:002009-07-02T18:59:28.070-04:00Ilargi & Stoneleigh:
I am a military retiree....Ilargi & Stoneleigh:<br /><br />I am a military retiree. I depend on a military pension for my survival. Is my pension in any danger of being reduced or cut? What do you guys see happening to my pension?Anonymousnoreply@blogger.com