tag:blogger.com,1999:blog-4921988708619968880.post8644063909720736446..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, June 21 2008: Financa MorganaIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-4921988708619968880.post-83410748724350641802008-06-22T13:55:00.000-04:002008-06-22T13:55:00.000-04:00Ilargi, I like it too! Definitely a keeper. I'll b...Ilargi, I like it too! Definitely a keeper. I'll be looking for an opportunity to use it myself. Morgueana is also vary good!Preferable to " die off".scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-7955951317173841032008-06-22T12:29:00.000-04:002008-06-22T12:29:00.000-04:00Sorry, ScandiaI like the term Fata Morgana, maybe ...Sorry, Scandia<BR/><BR/>I like the term Fata Morgana, maybe in English the alternative "mirage" is better known. Fata Morgana's are interesting phenomena, where tricks of the mind meet reality. There are numerous examples of whole groups of people all seeing the same non-existing things. I did consider the spelling "morgueana"Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-24907204893501949892008-06-22T11:18:00.000-04:002008-06-22T11:18:00.000-04:00Thanks everyone :) We couldn't sleep at night if w...Thanks everyone :) We couldn't sleep at night if we didn't warn people.<BR/><BR/>As Ilargi says in his intro - we don't agree on everything and he does like to play tricks with my mind. With Ilargi around, life is never boring. I just have to give as good as I get ;)<BR/><BR/>I would like to point out that the mental model I prefer for understanding markets is not derived from physics - it's Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-82800029032685004552008-06-22T10:34:00.000-04:002008-06-22T10:34:00.000-04:00I did not comprehend " fata morgana". Never heard ...I did not comprehend " fata morgana". Never heard the phrase before so I googled it. Ah ha---it means illusion!<BR/> Ilargi, that is a brilliant choice for the day's posting. I had created my own meaning before checking. I had guessed it to be an obscure reference to Morgan Stanly. I wasn't entirely off the mark.scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-30287434235862395622008-06-22T08:55:00.000-04:002008-06-22T08:55:00.000-04:00I was referred to TAE via reading GliderGuider in ...I was referred to TAE via reading GliderGuider in March 2008. I wish I had become more aware of the breadth and depth of the financial crisis sooner. While my spouse and I have no debts (house paid off, kids grown, no credit card debt), I have learned it still takes several months to adequately prepare for the impending implosion. Unfortunately, my family is still unconvinced. They are still Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-14126248888530737592008-06-22T08:03:00.000-04:002008-06-22T08:03:00.000-04:00Hi, anonymous A again. In addition to what I've le...Hi, anonymous A again. <BR/><BR/>In addition to what I've learned here, one profound quote that opened up worlds for me is this one by Colin Campbell (it may not be original to him):<BR/><BR/>"Tomorrow's growth is collateral for today's debt."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-16049612295605305912008-06-22T06:13:00.000-04:002008-06-22T06:13:00.000-04:00While I've learned much from this site it's diffic...While I've learned much from this site it's difficult to nail down one single concept that sums it up. Since we're all social beings to one extent or another it's difficult to go against the conventional wisdom of the crowd. But that is what this site has taught me: that the crowd is full of self interested people who bend and twist the truth for their own benefit. While I've been aware of Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-30278729521662015992008-06-22T05:50:00.000-04:002008-06-22T05:50:00.000-04:00Hello All,Thank you for the interesting answers. H...Hello All,<BR/><BR/>Thank you for the interesting answers. Here are a few reactions.<BR/><BR/>OuttaControl, I finally understand your name. You are out of air-traffic control.<BR/>I too came to the financial aspects via PO, like you via TOD and TOD-C. I was reading the Financial Roundups and struggling hard to understand, so I asked Stoneleigh for help and she directed me to her 14 August primer Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-34517389568774390432008-06-22T01:39:00.000-04:002008-06-22T01:39:00.000-04:00I have learned not to simply keep everything not n...I have learned not to simply keep everything not nailed down in silver or gold .That deflation is more of a danger than I realized...It has modified some of my basic emergency plans,and given me a insight/understanding to some of the most evil actions I have ever witnessed.The actions that these creatures have taken will cause the deaths of billons of innocents.And all for greed,and the seeking Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79594913531870270322008-06-21T22:39:00.000-04:002008-06-21T22:39:00.000-04:00Bigelow, thank-you so much for some background on ...Bigelow, thank-you so much for some background on Richard Russell.. I was unaware of him. His insight is so child-like and honest.Nothing fancy and absolutely true. 80 yrs old and still engaged. Wonderful!scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-23008456832223034082008-06-21T22:23:00.000-04:002008-06-21T22:23:00.000-04:00Scandia,I hope my instincts are as good as Richard...Scandia,<BR/><BR/>I hope my instincts are as good as Richard Russell’s someday. He’s a great chart reader, has been writing a newsletter since the 1950s and thinks the Federal Reserve is close to the root of all evil. He is also in his eighties, a bit older than us I think. <BR/><BR/><BR/>François,<BR/><BR/>I have been trying to understand this money scam for 40 years. Thanks to Ilargi, Bigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89287492125771754122008-06-21T21:28:00.000-04:002008-06-21T21:28:00.000-04:00What have I learned?I've made a sincere effort to ...What have I learned?<BR/><BR/>I've made a sincere effort to understand economics and finance, with little luck.<BR/><BR/>It's a strange and jargon-filled thicket of blowsy theorizing, and if I, who actually made it through grad school, can't make heads or tails of it, then probably not many others can.<BR/><BR/>This site, and the insights I've gleaned from it, has confirmed my lack of faith in Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29038392090810053942008-06-21T20:32:00.000-04:002008-06-21T20:32:00.000-04:00FB: Good question.I met Stoneleigh (and others in ...FB: Good question.<BR/><BR/>I met Stoneleigh (and others in eastern Ontario) through TOD (before TOD:C) when I was freaked out about peak oil. The most important thing I learned the first night over beers was that, as important as energy is, it is <I>relatively</I> unimportant in the context of an imminent global deflationary depression. I count the days around last August 13, 2007 among the Farmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77607427250309846092008-06-21T19:00:00.000-04:002008-06-21T19:00:00.000-04:00Richard Russell of Dow theory Letters in La Jolla ...Richard Russell of Dow theory Letters in La Jolla said, " It seems that there is something that we don't know about that's going on in the banking sector."<BR/>I THINK WE ALL AGREE!!<BR/>The Dodd/BofA article triggered waves of nausea- vile people.<BR/>It is painful to witness the auto industry- the big three- spin a future for an obsolete product.<BR/>FB, I've changed as a person because of thisscandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-54891349919040987982008-06-21T16:29:00.000-04:002008-06-21T16:29:00.000-04:00Hello,As a follow-up to EBrown's question the othe...Hello,<BR/><BR/>As a follow-up to EBrown's question the other day, I have another one for readers here.<BR/><BR/>What is the most important thing you have learned on this site?<BR/><BR/>To start off the discussion, I will give you my answer.<BR/><BR/>Beyond the basic fact that there is a financial crisis and it is about debt, the most important element is that debt contraction points toward Anonymousnoreply@blogger.com