tag:blogger.com,1999:blog-4921988708619968880.post4566819084819046707..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, September 9 2008: 1000 WordsIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger43125tag:blogger.com,1999:blog-4921988708619968880.post-3872707283651545112008-09-10T13:26:00.000-04:002008-09-10T13:26:00.000-04:00Jim Rogers on currencies, commodity and collapse: ...Jim Rogers on currencies, commodity and collapse: http://tinyurl.com/569htv<BR/><BR/>zAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49796680917174207582008-09-10T13:16:00.000-04:002008-09-10T13:16:00.000-04:00Thanks for all the food for thought/action, Ilargi...Thanks for all the food for thought/action, Ilargi (& Stoneleigh).<BR/><BR/>Scary stuff, indeed ...<BR/><BR/>We must prepare as best we can.<BR/><BR/>AhimsaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-76066432507379901462008-09-10T13:04:00.000-04:002008-09-10T13:04:00.000-04:00Another Anon wrote: During the Great depression, i...Another Anon wrote: <I>During the Great depression, it took roughly 3 years for the banks to fail en masse.</I><BR/><BR/>True, but I don't think it'll take that long this time, even counting from February 2007 when the credit crunch began. Back then the banks failed after the market bottomed, but I don't think the market will reach even a first stage bottom (ie a starting point for a substantial Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-91308000566006340012008-09-10T12:53:00.000-04:002008-09-10T12:53:00.000-04:00Kalpa,We've tried Stoneleigh wine as well, and it'...Kalpa,<BR/><BR/>We've tried Stoneleigh wine as well, and it's very nice. It was something that just had to be done :)<BR/><BR/>Stoneleigh is the name of a beautiful old village near where I used to live in the UK, in case you were wondering how it came to be my screen name.Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-68725852440604786382008-09-10T12:51:00.000-04:002008-09-10T12:51:00.000-04:00Anon wrote: But in your opinion, are there any con...Anon wrote: <I>But in your opinion, are there any conceivable scenarios where the dollar depreciates relative to goods and services domestically?<BR/><BR/>And internationally, are there any conceivable scenarios in which the dollar deflates before (or simultaneously as) all the other currencies?</I><BR/><BR/>It's a given that cash will appreciate domestically relative to goods and services under Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80230242386296083412008-09-10T11:22:00.000-04:002008-09-10T11:22:00.000-04:00My morning smile:CIBC's Rubin backs off his bullis...My morning smile:<BR/><BR/><A HREF="http://www.reportonbusiness.com/servlet/story/RTGAM.20080910.wcibc0910/BNStory/SpecialEvents2/home" REL="nofollow">CIBC's Rubin backs off his bullish forecasts</A><BR/><BR/>Jeff Rubin is the common man's seer. i.e. the rear-view mirror type. The fact that this guy still has a job makes me want to short CIBC (no to mention their billions of worthless Farmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-55486170572658635942008-09-10T11:16:00.000-04:002008-09-10T11:16:00.000-04:00Ilargi say:"..proof of my link to Abraham.." I s...Ilargi say:<BR/>"..proof of my link to Abraham.."<BR/><BR/> I seem to recall that Siddhartha had a son before wandering off to become Buddha. You could try an alternative bloodline for a change!The Lizardhttps://www.blogger.com/profile/12044779666881689690noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5114786095078444012008-09-10T05:53:00.000-04:002008-09-10T05:53:00.000-04:00Anonymous: NO, this is not the same. They come up ...Anonymous: NO, this is not the same. They come up with $52 trillions when some genius summed up what "amount would have to be set aside during 2008 such that the principal and interest would pay for the unfunded commitments through 2082." Czech state spending on pensions and health care is about 500 bilions CZK in year 2008, so it can hardly be under 1 trillion CZK for next 70 years...<BR/>AnywayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-81598921307678652352008-09-10T04:50:00.000-04:002008-09-10T04:50:00.000-04:00Hello,Many interesting comments by co-readers toda...Hello,<BR/><BR/>Many interesting comments by co-readers today.<BR/><BR/>But first, the photo. Talk about memory lane. And yes, that is quite a way to enter the pool.<BR/><BR/>Now on to the comments.<BR/><BR/>Stoneleigh wrote:<BR/>I expect the single currency project either to fail outright or be restricted to a much smaller core group of countries… balkanization seems all too likely as tensions Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43494157605744625122008-09-10T04:13:00.000-04:002008-09-10T04:13:00.000-04:00Here is the total Czech debt online, including the...Here is the total Czech debt online, including the medicare and social:<BR/><BR/><A HREF="http://cms-consulting.org/dluh/dluh-CZ.htm" REL="nofollow">http://cms-consulting.org/dluh/dluh-CZ.htm</A><BR/><BR/>$1 = 17.55 CZK<BR/><BR/>it gives 97 310 CZK per person<BR/>= $5544<BR/><BR/>I can't watch these numbers running on and on. It's <B>TERRIBLE</B><BR/><BR/>Greetings from Czech RepublicAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80312197422441332172008-09-10T03:51:00.000-04:002008-09-10T03:51:00.000-04:00I must tell I'm the EUroskeptic too. I do agree th...I must tell I'm the EUroskeptic too. I do agree that the Euro will fall too. Maybe in later "phase" of crisis, but it will.<BR/>I think that the way the EU works will not work after the crash. Everything controlled from one point. It reminds me the years when I was growing up during the communist era. They have many problems with it, because it was very unflexible. It will tear EU apart, when theAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-10116943536722046962008-09-10T02:55:00.000-04:002008-09-10T02:55:00.000-04:00In the days before it came to pass I recall Stonel...In the days before it came to pass I recall Stoneleigh's recommendation that we connect/build community in preparation. A stash alone will not suffice. Unless one is a " Burning Man" which I am not.scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-69122332422839875432008-09-10T00:58:00.000-04:002008-09-10T00:58:00.000-04:00snuffyI am starting to think that these boyos will...snuffy<BR/><I>I am starting to think that these boyos will take a whack at Iran, start a low grade ww3, and install martial law soon.</I><BR/><BR/>I am considering the 'starting a religion' plan....with martial law, given my political activist record, I'll welcome the protection of a higher deity.rachelhttps://www.blogger.com/profile/15572854888730065806noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-47408641353569107212008-09-09T23:59:00.000-04:002008-09-09T23:59:00.000-04:00Breaking News-The Large Hadron Collider gets turne...Breaking News-The Large Hadron Collider gets turned on tomorrow, and it is supposed to consume all debt-Thursday will dawn rosy, and we'll awaken from this nightmare.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-72145904336797231722008-09-09T23:38:00.000-04:002008-09-09T23:38:00.000-04:00Obvious: the political reactionI roll that up with...<I>Obvious: the political reaction</I><BR/><BR/>I roll that up with financial collapse and assume that things will get ugly, especially in large centres of population. I hope to avoid most of that, personally, by choosing locale carefully.<BR/><BR/>I thought you were going to say a catastrophic chain reaction in, say, fragmenting satellites or rogue viruses. I think I've become desensitized to Farmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-56001580382916637472008-09-09T23:28:00.000-04:002008-09-09T23:28:00.000-04:00I'm considering starting a religion.I have a few d...<I> I'm considering starting a religion.</I><BR/><BR/>I have a few details to work out still: dress code (BIG one), symbols, rituals, which way leads to heaven (here on earth or later), numbers of virgins and little choir boys, proof of my link to Abraham, shape and size of temples to build.<BR/><BR/>A work in progress.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-68239741719193134992008-09-09T23:21:00.000-04:002008-09-09T23:21:00.000-04:00I can't wait to learn why financial collapse shoul...<I>I can't wait to learn why financial collapse shouldn't be my biggest worry.</I><BR/><BR/>Obvious: the political reaction. Promises of a better world, at whatever price. Hitler, Goebbels, the Jacobins, witch burning, Lenin, millenialists, Rapture. The exact shape and form are unpredictable, the trend is not.<BR/><BR/>Since the political side is not my style, and much less guaranteed to last, Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-10501179644958157882008-09-09T23:10:00.000-04:002008-09-09T23:10:00.000-04:00"We'll pick up speed as we fall."I had thought tha..."We'll pick up speed as we fall."<BR/><BR/>I had thought that the only rope that one might hold onto for wealth protection was made of currency-in-hand, and silver and gold bullion coins. At this point, however, it looks as if the prime emphasis should be currency (or cash equivalents for braver and more trusting souls)...as we watch Ilargi and Stoneleigh's forecast for troubles in precious Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-42255840929432419492008-09-09T23:04:00.000-04:002008-09-09T23:04:00.000-04:00Its good the howls of outrage are getting louder a...Its good the howls of outrage are getting louder and louder.I doubt if any result will come of it,as we are just the "little people"as a evil old heiress once described us...But this type of film can touch folks in a way that can cause TPTB trouble.Certainly during election time...unless both parties see political advantage to letting it ride 'till after the vote...<BR/><BR/>I think a whole lot Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79782560756393309002008-09-09T22:47:00.000-04:002008-09-09T22:47:00.000-04:00Ahimsa,To wit:OPEC just announced a 520.000 barrel...Ahimsa,<BR/><BR/>To wit:<BR/><BR/>OPEC just announced a 520.000 barrel production cut. The speed of the finance plunge takes all of them by surprise, I think that much should be clear by now. <BR/><BR/>If I may wager a bet, I'd say demand is falling by more than 520.000 barrels. Which would mean that there is a potential huge price drop in our future. Nice at the pump, but devastating for all Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-91816712506355707692008-09-09T22:25:00.000-04:002008-09-09T22:25:00.000-04:00Really, peak oil is a problem lost, drowning and i...<I>Really, peak oil is a problem lost, drowning and insignificant in the Ike of economic collapse</I><BR/><BR/>Sigh. Memories. The days of my innocence when I thought peak oil was such a huge problem. Then I met you and S and, heck, you said well if you thing peak oil is bad, you should hear about about financial collapse. Just seems like last year. <BR/><BR/>Oh, yeah, it <I>was</I> last Farmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80994673457506151072008-09-09T22:19:00.000-04:002008-09-09T22:19:00.000-04:00Ilargi say:"We all think much clearer when we're s...Ilargi say:<BR/>"We all think much clearer when we're slightly off balance."<BR/><BR/> If only our educators knew this and put it to practice.The Lizardhttps://www.blogger.com/profile/12044779666881689690noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-50060018290420876652008-09-09T21:49:00.000-04:002008-09-09T21:49:00.000-04:00Ahimsa...you were right that oil prices were going...Ahimsa<BR/><BR/><I>...you were right that oil prices were going to continue its downward spiral. Why? Deflation? Would you elaborate on this a bit.</I><BR/><BR/>Demand destruction.<BR/><BR/>US vehicle mileage down 3.7%, UK car sales back to 1966 levels, Renault in France fires 1000's of workers.<BR/><BR/>Anyone who was invested in oil is now rushing out, be they speculators or not.<BR/><BR/>OPEC Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-34964625497357358872008-09-09T21:38:00.000-04:002008-09-09T21:38:00.000-04:00Ilargi - The color picture brought back a flood of...Ilargi - The color picture brought back a flood of memories for me. My Dad was Navy and we spent many a night at Howard Johnson's while traveling from one base posting to another!<BR/><BR/>Bigelow - You hit the nail on the head with your comment about the futility of writing and calling Congress! Been there, done that...<BR/><BR/>GSJAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-24983930878037591402008-09-09T21:22:00.000-04:002008-09-09T21:22:00.000-04:00"I am not here to give people what they want. My p..."I am not here to give people what they want. My place in the grand scheming order of things is to give them what they deserve."<BR/><BR/>Oh, thank you ilargi, I can use all the help I can get these days!<BR/><BR/>-Jehovah-Anonymousnoreply@blogger.com