tag:blogger.com,1999:blog-4921988708619968880.post7696458525829333972..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: January 11 2009: The Special Relativity of CurrenciesIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger72125tag:blogger.com,1999:blog-4921988708619968880.post-3455236922218460562009-04-23T09:08:00.000-04:002009-04-23T09:08:00.000-04:00Well, looking into East Europe currencies - look a...Well, looking into East Europe currencies - look at weak polish zloty in april 2009!!! high deficit 3,9 % of GDP instead of forecast 2,7 % is very impresive increase - it means that Poland is now in deep recession.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-85370520848673715622009-01-12T12:55:00.000-05:002009-01-12T12:55:00.000-05:00brer bear,In deflationary times, is the consequenc...brer bear,<BR/><BR/><I>In deflationary times, is the consequence of debt in the form of a fixed rate mortgage more harmful than the effect of debt as a monthly rent payment of the same amount?</I><BR/><BR/>The problem with the mortgage is not the monthly payment, it's the full amount you owe that could easily end up being far more than the value of the property. The value of that debt would stay Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29457195393892608662009-01-12T12:20:00.000-05:002009-01-12T12:20:00.000-05:00Adios, GSE is a great natural product. It works ag...Adios, GSE is a great natural product. It works against viral, fungal and bacterial infections. My family uses it frequently. We gargle with it when we get a sore throat and I add 30 drops of GSE to a pint of Bronner's soap to wash hands, etc. It can also be taken internally - 3 drops in two ounces of water or juice. Always dilute. <BR/><BR/>BP, WTC7 was not hit by any aircraft and it was Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-2472655088261403902009-01-12T12:10:00.000-05:002009-01-12T12:10:00.000-05:00I've enjoyed the reading here at your site, but th...I've enjoyed the reading here at your site, but the level of enforced conformity among the comment section ( I dunno perhaps that is part of that group think I've head it called) has just gotten too over the top for me. It's your world, enjoy!<BR/><BR/>Blessings,<BR/>Wild GypsyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79091792278094891122009-01-12T12:03:00.000-05:002009-01-12T12:03:00.000-05:00Stoneleigh, Thank you for the reply, including: "...Stoneleigh, <BR/><BR/>Thank you for the reply, including: "Debt is killer in a deflation, which is why we recommend holding no debt."<BR/><BR/>In deflationary times, is the consequence of debt in the form of a fixed rate mortgage more harmful than the effect of debt as a monthly rent payment of the same amount?<BR/><BR/>brer bearAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-50613167860293927452009-01-12T11:55:00.000-05:002009-01-12T11:55:00.000-05:00@ Anon at 11.27 AMThe WTC was built to withstand a...@ Anon at 11.27 AM<BR/><BR/>The WTC was built to withstand a direct hit by a 707. A 767 with only some 40 passengers (as I recall) is much more fuel efficient and would have carried less fuel. Anyway, the planes struck one of the towers in a corner at an angle and the explosion burned largely outside the structure. Before one of the towers fell, the fire had largely burned out as reported by Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-75330928025874292522009-01-12T11:27:00.000-05:002009-01-12T11:27:00.000-05:00My purpose of this post is not to debate conspirac...My purpose of this post is not to debate conspiracy theories, but characterizing the fuel fire that results from an aircraft crash as a cold kerosene fire is just plain wrong.<BR/><BR/>A Boeing 767 with a full fuel load carries from 12K to 24K gallons depending on the model. When it is flown into a building, probably half of that fuel is instantly atomized and set afire, resulting in the releaseAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-50542367668459728552009-01-12T11:19:00.000-05:002009-01-12T11:19:00.000-05:00Off Topic:Ilargi, could you please do a followup/u...Off Topic:<BR/><BR/>Ilargi, could you please do a followup/update on Iceland?<BR/><BR/>(Stranded Wind wrote a brief account Nov 24, 2008, Debt Rattle.)<BR/><BR/>One isolated island country in bankruptcy was/is easier for me to get my head around.<BR/><BR/>Is food still getting shipped in? Is commerce still taking place? How has day to day life been impacted? What economic manipulations are Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8673826335992960672009-01-12T11:18:00.000-05:002009-01-12T11:18:00.000-05:00“WASHINGTON — President-elect Barack Obama signale...“WASHINGTON — President-elect Barack Obama signaled in an interview broadcast Sunday that he was unlikely to authorize a broad inquiry into Bush administration programs like domestic eavesdropping or the treatment of terrorism suspects.” <BR/><A HREF="http://www.nytimes.com/2009/01/12/us/politics/12inquire.html?_r=1&hp" REL="nofollow">Obama Signals His Reluctance to Look Into Bush Policies</A> Bigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-33292167186849439682009-01-12T10:39:00.000-05:002009-01-12T10:39:00.000-05:00dl "Psst, wanna buy some US dollars, I give y...dl <BR/><BR/>"Psst, wanna buy some US dollars, I give you good price."<BR/><BR/>A 28 day swap doesn't mean that much. Australia is in the Japanese economic sphere. The USD has been firming big time against the Euro over the past ten days and falling against the yen. Probably based on the ECB probably to cut their funds rate 0.75% to 1.75 this week and the carry trade with the el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-73802287256322046072009-01-12T10:37:00.000-05:002009-01-12T10:37:00.000-05:00Bulletin, on a must-have health necessity for ugly...Bulletin, on a must-have health necessity for ugly times among TPTB:<BR/><BR/>Without naming the event by the other common handle, our city was sprayed by planes with Heaven knows what, and we became instantly sick (including the dog). It was that horrible, uncontrollable cough in the back of the throat, that inability to clear the throat, that for anyone who's had it before (as we did last year***https://www.blogger.com/profile/09888364709448745997noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12263362557872194652009-01-12T09:57:00.000-05:002009-01-12T09:57:00.000-05:00Taswegian and SanderO,I have friends here who have...Taswegian and SanderO,<BR/><BR/>I have friends here who have been doing Cob for the past 15 years. They hold workshops, training classes and travel around the world teaching. I'm not promoting necessarily but if you are interested I could give you their contact info. I have been out to their cob village and there is some great stuff being done.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-15915609834827943282009-01-12T08:51:00.000-05:002009-01-12T08:51:00.000-05:00Psst, wanna buy some US dollars, I give you good p...Psst, wanna buy some US dollars, I give you good price.<BR/><BR/>http://www.reuters.com/article/newIssuesNews/idUSSYD42369520090111<BR/><BR/>I'm not sure what the real implications are of this, for example, does this happen frequently? Nevertheless, another datapoint for your consideration.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-47518883495422748892009-01-12T05:53:00.000-05:002009-01-12T05:53:00.000-05:00SanderORe "I want to find some way of using lower ...SanderO<BR/><BR/>Re "I want to find some way of using lower skilled labor - people who need work,"<BR/>Have you looked at cob, and/or earthbag construction? Low cost low tech plenty of thermal mass, plenty info on net, just google or youtube.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-40464891644451337342009-01-12T01:36:00.000-05:002009-01-12T01:36:00.000-05:00Stoneleigh said: "Once deleveraging is over and co...Stoneleigh said: "Once deleveraging is over and countries must function in financial isolation, there will be nothing to prevent them from printing actual cash..."<BR/><BR/>I don't see it happening like that. Trade must continue for the survival of the modern nation state - for the US, the UK, France, Germany, China. Trade will be the last thing the government will let go. And for trade to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90690529826691601182009-01-12T01:10:00.000-05:002009-01-12T01:10:00.000-05:00brer bear,I wouldn't count on low fixed rates, and...brer bear,<BR/><BR/>I wouldn't count on low fixed rates, and even if they stayed low in nominal terms, the real rate would be much higher in a deflation (ie the nominal rate minus negative inflation). Debt is killer in a deflation, which is why we recommend holding no debt. Pooling resources is one way to be able to get hold of a property without the need for a mortgage, although not everyone Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-59235926692143509242009-01-12T00:42:00.000-05:002009-01-12T00:42:00.000-05:00Stoneleigh, Thank you for the commentary on deflat...Stoneleigh, <BR/><BR/>Thank you for the commentary on deflation. Would you clarify something?<BR/><BR/>You describe a scenario in which "interest rates [are] soaring - quite possibly into the double digits" and "it would actually precipitate an enormous amount of deflationary credit destruction".<BR/><BR/>I am puzzled when you say "Interest rates on all debts would rise with bond rates to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-37480135912069027422009-01-12T00:30:00.000-05:002009-01-12T00:30:00.000-05:00Sorry, heres the link. http://www.survivaltopics.c...Sorry, heres the link. http://www.survivaltopics.com/survival/better-than-bleach-use-calcium-hypochlorite-to-disinfect-water/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-30032102514951198292009-01-12T00:28:00.001-05:002009-01-12T00:28:00.001-05:00I am fortunate to live in a rural setting and have...I am fortunate to live in a rural setting and have for some time been preparing for difficult times ahead. Education is the best asset we can have in our arsenal when tested by severe circumstances. It is likely we will have to face concerns regarding water quality from lack of staffing and or needed supply availablity for treatment systems. This link provides a inexpensive way to insure some Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-91352578535308552552009-01-12T00:28:00.000-05:002009-01-12T00:28:00.000-05:00Anon @11:08,I read the discussion you linked to. I...Anon @11:08,<BR/><BR/>I read the discussion you linked to. I should point out that Ilargi is not a 'she', although I am.Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-23317623950450362892009-01-11T23:22:00.000-05:002009-01-11T23:22:00.000-05:00anon 947Plenty more happened that day, no doubt. ...anon 947<BR/><BR/>Plenty more happened that day, no doubt. Our comments were limited to the masonry issue.***https://www.blogger.com/profile/09888364709448745997noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-20348286019528153622009-01-11T23:08:00.000-05:002009-01-11T23:08:00.000-05:00An interesting discussion thread on Ilargi's Satur...An interesting discussion thread on Ilargi's Saturday post broke out at a TIAA-CREFF discussion group over the weekend.<BR/> <BR/>http://socialize.morningstar.com/NewSocialize/forums/thread/2613311.aspx<BR/><BR/>Check it out - its provocative stuff.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-42386041251050838792009-01-11T22:55:00.000-05:002009-01-11T22:55:00.000-05:00Self-Liberation is essential in these times.As the...Self-Liberation is essential in these times.<BR/><BR/>As the World as we know it goes through tremendous upheaval... we are going to have to plot our own courses through the mire, despair and morass.<BR/><BR/>I do believe that if we do not find a way to get beyond our cultural conditioning... that we will continue to cycle through the same boom/bust cycles... and that's no longer acceptable.<BR/>xtropy27https://www.blogger.com/profile/07420203877034016710noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-2726669501035124112009-01-11T21:57:00.000-05:002009-01-11T21:57:00.000-05:00Stoneleigh: Wrote:"When we eventually do see infla...Stoneleigh: Wrote:<BR/>"When we eventually do see inflation, it will not come from the initial havoc in the bond market, but from the aftermath of its destruction. Once deleveraging is over and countries must function in financial isolation, there will be nothing to prevent them from printing actual cash"<BR/><BR/>No. the problem will begin when the US Treasury bond market crashes. The US gov't Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-10203131644802275862009-01-11T21:47:00.001-05:002009-01-11T21:47:00.001-05:00el gallinazo,I agree with your analysis of the eve...el gallinazo,I agree with your analysis of the events discussed.I ,however believe the events of the last few years had the aspect of the "looting of the treasury"by those in charge.Some very evil men have been in command for a long time...<BR/><BR/> When/if it becomes true public knowledge just how badly screwed we are,the possibility of the public"dealing justice" those whom are held Anonymousnoreply@blogger.com