tag:blogger.com,1999:blog-4921988708619968880.post5586708145826283968..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: May 12 2010: How to profit from volatility, chaos and miseryIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger90125tag:blogger.com,1999:blog-4921988708619968880.post-62352022057742570532010-05-14T14:20:38.475-04:002010-05-14T14:20:38.475-04:00New post up.
Debt and Dämmerung: Welcome to the ...New post up.<br /><br /><br /><a href="http://theautomaticearth.blogspot.com/2010/05/may-14-2010-debt-and-dammerung-welcome.html" rel="nofollow"><b>Debt and Dämmerung: Welcome to the Wasteland</b></a><br /><br /><br /><br />.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79712885227106994272010-05-14T13:46:42.761-04:002010-05-14T13:46:42.761-04:00El G.
In a rational world, the public employees ...El G.<br /><br /><i><br />In a rational world, the public employees would simultaneously fight to adjust their salaries to a deflating economy while attempting to make the financial oligarchy pay their fair share which would mean total destruction of their institutions and possibly the guillotine. I, for one, despite Stoneleigh's constant and wise admonitions, would not grieve overly to see Aurelishttps://www.blogger.com/profile/08430494184897332469noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28142432453925380302010-05-14T13:44:19.760-04:002010-05-14T13:44:19.760-04:00Aurelius
The rule of law ended in reality with a ...Aurelius<br /><br />The rule of law ended in reality with a rather infamous false flag operation. After access to middle eastern oil and throwing a huge sop to the MIC, the third aim of this operation was to end the rule of law in the USA as we know it. The fact that our great constitutional leader has been as complicit in this as Bush the Lesser indicates that this represents a continuum of el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17282822496901702832010-05-14T13:33:43.864-04:002010-05-14T13:33:43.864-04:00Action is conspiracy or coercion.
Inaction is comp...Action is conspiracy or coercion.<br />Inaction is complicity or collaboration.Gravityhttps://www.blogger.com/profile/09126443076478406015noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79197857255477183212010-05-14T13:30:51.365-04:002010-05-14T13:30:51.365-04:00@ El G
+1
"In a rational world, the public ...@ El G<br /><br />+1<br /><br />"In a rational world, the public employees would simultaneously fight to adjust their salaries to a deflating economy while attempting to make the financial oligarchy pay their fair share which would mean total destruction of their institutions and possibly the guillotine."Rubenhttps://www.blogger.com/profile/02014088125645527610noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-44405366559972586042010-05-14T13:20:59.067-04:002010-05-14T13:20:59.067-04:00A followup questions that I actually am interested...A followup questions that I actually am interested in your collective perspective on:<br /><br />In the long term, salary negotiations are irrelevant. Does that justify ignoring or outright breaking the law? Once you ignore some laws, where does it stop?<br /><br />The law needs to be updated, but that hasn't happened yet either.Aurelishttps://www.blogger.com/profile/08430494184897332469noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-13593675572841073112010-05-14T13:05:23.395-04:002010-05-14T13:05:23.395-04:00Aurelius
My point was not to "demoralize&quo...Aurelius<br /><br />My point was not to "demoralize" you or drive you away from TAE. I am just making the point that in less than a year these negotiations will make no difference as the ball field will be under twenty feet of water.<br /><br />In a rational world, the public employees would simultaneously fight to adjust their salaries to a deflating economy while attempting to make el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48904456926412041232010-05-14T12:37:45.922-04:002010-05-14T12:37:45.922-04:00I'm not oblivious the the point Greyzone or El...I'm not oblivious the the point Greyzone or El G is making. My intent was to provide some background info that there is more at play than just union greed (something that I'm beginning to regret a bit).<br /><br />The Titanic analogy is appropriate, and there were survivors. While we are loading the lifeboats, do we work together to get as many people aboard them as possible, or do we Aurelishttps://www.blogger.com/profile/08430494184897332469noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89681434810928695152010-05-14T12:01:30.114-04:002010-05-14T12:01:30.114-04:00We are seeing a financial "Dunkirk evacuation...We are seeing a financial "Dunkirk evacuation".<br />Who or how is "flight to safety" being done?<br />Which rich fund have their evacuation plan in place and executing?<br />next<br /><br />Romania is to cut wages and pensions in the public sector later this year to comply with an IMF-led rescue deal.<br /><br />...<br /><br />Public sector wages will be cut by 25% and all jalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-486108415417413542010-05-14T11:24:53.213-04:002010-05-14T11:24:53.213-04:00Markets heading for volatilty chaos day 2??Markets heading for volatilty chaos day 2??zanderhttps://www.blogger.com/profile/15352619368764868819noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43090568360310763102010-05-14T11:11:25.738-04:002010-05-14T11:11:25.738-04:00El G,
I am actually more with Aurelius here. Sure...El G,<br /><br />I am actually more with Aurelius here. Sure, Greyzone, we are broke. We really screwed this up. The question is, is this going to blow up in mid-air, or do we have to ride it down and crash on the ground?<br /><br />It looks to me like I&S think we are riding it down, since they keep advising people to prepare in various ways. You yourself just said no inflation for five Rubenhttps://www.blogger.com/profile/02014088125645527610noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-10081548431544278202010-05-14T10:30:47.837-04:002010-05-14T10:30:47.837-04:00El G, absolutely correct. Aurelius misses the poin...El G, absolutely correct. Aurelius misses the point yet again. There are no discussions to be had whatsoever. We have borrowed our way to "wealth" for 80 years and now the bill is coming due. Anyone who thinks rearranging a few contracts and cutting a few programs will change things is disconnected from reality. The closest governor to sane (and he's still not sane) is Chris Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-7147211834988658992010-05-14T09:32:07.735-04:002010-05-14T09:32:07.735-04:00Aurelus
You write well and succinctly, but while ...Aurelus<br /><br />You write well and succinctly, but while appearing to respond to Greyzone's points, they pass you by entirely. His point is that the whole discussion is really about rearranging the deck chairs on the Titanic. Same reason that I refused to follow the "health care reform." <br /><br />The politicians are totally owned by the oligarchs. The only thing of el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-44268924940348611752010-05-14T08:32:22.173-04:002010-05-14T08:32:22.173-04:00Greyzone,
I am trying to provide information as f...Greyzone,<br /><br />I am trying to provide information as factually as possible. Personally, furloughs or union wage cuts do not affect me directly. I'm facing having no job due to other political games going on in this city. I also believe that I (as well as everyone) should get a fair pay for their efforts. I do not say good or better than most. I believe people should be paid based upon Aurelishttps://www.blogger.com/profile/08430494184897332469noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3390230963243718532010-05-14T05:55:52.307-04:002010-05-14T05:55:52.307-04:00@ELG.........".such as perhaps a liposuction ...@ELG.........".such as perhaps a liposuction operation gone wrong. "<br /><br />Extra,extra LOL<br />I'm still in serious mirth as I type this. El g you just made my morning. nice one.<br /><br />@ Top cat 10.38pm<br /><br />On a visit to my mum, a simple but a good soul, a while ago, she put it to me that couldn't we solve all money contraction/disparity problems by simply zanderhttps://www.blogger.com/profile/15352619368764868819noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-82133843364899433712010-05-14T03:37:19.030-04:002010-05-14T03:37:19.030-04:00@ Kurt
Re: Inflation / Deflation:
The 'flati...@ Kurt <br />Re: Inflation / Deflation:<br /><br />The 'flation debate is something I struggled mightily with a couple years back so here is my 2 cents. IMO The inflation argument breaks down when you begin to realize the scale and scope of the printing campaign that would be neccesary to offset the ongoing credit destruction.<br />Debts (or claims against current and future production)<br />Wolf at the Doorhttps://www.blogger.com/profile/06404239808359033422noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29226303964277406552010-05-14T02:25:51.480-04:002010-05-14T02:25:51.480-04:00Aurelius,
Benefits for government employees have ...Aurelius,<br /><br />Benefits for government employees have exceeded private benefits now for over a decade. Pension programs for government unionized employees are among the most ridiculous Ponzi schemes on the planet. Union benefits come with pay increases whether earned or not. And frankly, privatizing things, as Mish thinks, won't solve anything either. The system is coming down because Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3847019907947727622010-05-14T00:38:00.674-04:002010-05-14T00:38:00.674-04:00@ Top Cat
“... This is an age old balancing ac...@ Top Cat <br /><br />“... This is an age old balancing act, historically being tilted towards the group over the individual...”<br /><br />I like your evaluation. I find it pretty close to what will happen.<br /><br /><br />Yes, the individual will not have much chance of surviving.<br />Yes, the doomstead group will also find itself under siege and will eventually collapse. <br /><br />jalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77541333437366342932010-05-13T23:28:45.492-04:002010-05-13T23:28:45.492-04:00Top Cat said...
"During his Drive By, the for...Top Cat said...<br />"During his Drive By, the former Senator from Illinois, now 'leader' of the 'free' world, presented each Continental country leader with a rhinestone dog collar and showed them all how to 'get down' and bark like the famous English gangsta lap poodle Tony 'Blood for Oil' Blair."<br /><br />Classic! :)<br /><br />Scandia: great rant NZSanctuaryhttps://www.blogger.com/profile/06676287221558805541noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43841124583543664732010-05-13T22:38:16.260-04:002010-05-13T22:38:16.260-04:00On the 'explaining money to people' front,...On the 'explaining money to people' front, I had a ten year, in the extended family, ask me why we all can't be millionares, it would solve almost all of everyone's problems. She wished it were true.<br /><br />Hmm, I had to weight giving the child an answer against their parents screaming at me if I 'corrupted' their fragile little mind with doomerism.<br /><br />Tough Top Hat Cathttps://www.blogger.com/profile/18062738110354384414noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80704058721800823842010-05-13T22:25:12.175-04:002010-05-13T22:25:12.175-04:00A lurker since I discovered TAE last summer, I bel...A lurker since I discovered TAE last summer, I believe I can add some useful information about the New York State union situation. First, I want to thank Ilargi and Stoneleigh for all that they have posted, as it has been quite enlightening. It was disappointing that I was not able to make it to one of Stoneleigh's talks while she was in the area.<br /><br />The whole NYS union situation is aAurelishttps://www.blogger.com/profile/08430494184897332469noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-44542600974431492092010-05-13T21:47:37.141-04:002010-05-13T21:47:37.141-04:00I wholeheartedly agree with the thumbs down verdic...I wholeheartedly agree with the thumbs down verdict on both modern labor and management.<br /><br />Cheerleaders for either side just don't get it.<br /><br />The real challenge in the not too distant future will be on a local level and it will not be between 'labor' and 'management'. It will be about striking the right balance between the rights and responsibilities of the Top Hat Cathttps://www.blogger.com/profile/18062738110354384414noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-52487783367035311842010-05-13T21:17:21.775-04:002010-05-13T21:17:21.775-04:00Linda
How much do you think Lord Blankfein pays f...Linda<br /><br />How much do you think Lord Blankfein pays for his health insurance? I bet it is quite a bit less than $12/mo. The reason that unions and executives both want their employers to pay for their health insurance as part of their total remuneration package has to do with that huge piece of excrement known as the tax code. As to any person who would hang himself in his garage (or el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-59421787453595270592010-05-13T21:12:00.515-04:002010-05-13T21:12:00.515-04:00Kurt asks:
So if it's deflation we face, how ...Kurt asks:<br /><br /><i>So if it's deflation we face, how are these guys getting it so wrong?</i><br /><br />From where I sit, it's the difference between how idealists and realists approach the question of value. An idealist would argue you can have quantitative easing to infinity because money is at root a concept--not an ontological reality. A realist argues that value is not a Richttps://www.blogger.com/profile/01092313041560676587noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-61113406751859719462010-05-13T21:09:01.259-04:002010-05-13T21:09:01.259-04:00The guy's name: Daniel Day Lewis.
Linda.The guy's name: Daniel Day Lewis.<br /><br />Linda.Lindahttps://www.blogger.com/profile/15691388297498844536noreply@blogger.com