tag:blogger.com,1999:blog-4921988708619968880.post1477887468247227174..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, August 29 2008: Swine Wear Pearls, Pigs Wear LipstickIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-4921988708619968880.post-6869268448445144872008-08-30T13:39:00.000-04:002008-08-30T13:39:00.000-04:00serious question:per several recent articles poste...serious question:<BR/><BR/>per several recent articles posted by Ilargi and SL, the financial sense article i linked, and several itulip articles i have read, It looks like the trigger for the collapse could come from europe and the ECB.<BR/> My question is, if we are looking at not just an american financial collapse, but a global financial collapse (hooray for globalization), then what Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-47809524516946353702008-08-30T13:03:00.000-04:002008-08-30T13:03:00.000-04:00Hi IlargiI wonder what you think about the rest of...Hi Ilargi<BR/>I wonder what you think about the rest of the world(particulary Europe).<BR/>Will we in EU suffer as bad as you believe in US.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-70466727700854068642008-08-30T10:44:00.000-04:002008-08-30T10:44:00.000-04:00I have a small reference to TAE and the psychology...I have a small reference to TAE and the psychology of herds here, which you might like-<BR/><A HREF="http://littlebloginthebigwoods.blogspot.com/2008/08/our-reality-free-press.html" REL="nofollow">Reality Free</A>Greenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29283695541452933822008-08-30T10:29:00.000-04:002008-08-30T10:29:00.000-04:00I am confused. Is gold a commodity? Will deflati...I am confused. Is gold a commodity? Will deflation make gold worthless?<BR/><BR/>I hear some people say that they won't be able to eat gold or precious metals in the coming collapse. Gold has to be converted to currency or cash to be exchanged for goods, right?<BR/><BR/>Here is a food for thought question directed at any participant of this blog:<BR/><BR/>If at this time one cannot buy land andAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-73597719916271225622008-08-30T07:51:00.000-04:002008-08-30T07:51:00.000-04:00ilargi and stoneleigh - I appreciate all you both ...ilargi and stoneleigh - I appreciate all you both write here, I am deeply grateful I found your website which I only found in March. Until then, like most people even now, I never knew there was a crisis in the financials. When I find other writers who agree with you, it helps my slow small brain to better comprehend the the enormity of what is to befall the world. Thank you.<BR/>Anonymous ReaderAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90177962464567346062008-08-29T23:15:00.000-04:002008-08-29T23:15:00.000-04:00Micheal you said:As it was put here a while ago: P...Micheal you said:<BR/><BR/><I>As it was put here a while ago: People have confused Credit with Money. No wonder the reality hasn't hit home yet.</I><BR/><BR/>Just to add to that, the step after that is to not confuse money with wealth.<BR/><BR/>Money is just the next step closer to true wealth, which could be just sitting in a tree eating bananas and saying things like "me Tarzan you Jane".<BRAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-881272060470811542008-08-29T22:59:00.000-04:002008-08-29T22:59:00.000-04:00BrimstoneLast year when my parents said they were ...Brimstone<BR/><BR/>Last year when my parents said they were considering buying some property to flip in BC, I knew the real estate bubble had topped in Canada. Similarly - and Mish talked about this recently - gold is very probably exeriencing a similar price bubble itself. The 'common' wisdom that we are experiencing (hyper)inflation has gotten into the psyche of the retail investor; witness Farmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87915043673671986192008-08-29T22:15:00.000-04:002008-08-29T22:15:00.000-04:00OuttaControlDoes it make sense that gold is the an...OuttaControl<BR/><I>Does it make sense that gold is the answer no matter what happens?</I><BR/><BR/>maybe, it depends on your reason for holding it. for me the answer is yes. i see precious metal as a store of wealthAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-939871806007393402008-08-29T22:06:00.000-04:002008-08-29T22:06:00.000-04:00illargi,you are 100% correct in that you have been...illargi,<BR/><BR/>you are 100% correct in that you have been making similar calls. I give you and Stone Leigh all the credit and thanks in the world for the knowledge i have pickup due to your hard work. I have only known of your blog for about 3 months so i am not an expert on what you have covered before.<BR/><BR/>What got me win that article was house it put the pieces together. Seeing the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-21422229799886368512008-08-29T22:02:00.000-04:002008-08-29T22:02:00.000-04:00the hosts of financial sense talk radio have been ...the hosts of financial sense talk radio have been talking about the issue of inflation/deflation lately. they are the strong believers of hyperinflation and have put the probability of deflation at 5% without explain how the number is derived at. <BR/><BR/>Stephen Leeb in his books about peak oil and economic collapse has predicted overall inflation trend with spells of deflation in between. LeebAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-26501005250487434882008-08-29T19:07:00.000-04:002008-08-29T19:07:00.000-04:00The Chris Laird article is nice, but...It doesn't ...The Chris Laird article is nice, but...<BR/><BR/>It doesn't say anything that I haven't been saying here for a long time, or Stoneleigh for that matter. So what's the added value? That someone agrees with me?<BR/><BR/>Taking the timeframe all the way back to WWII is a little extra spice, but then again, I would have no problem making a case for a bubble that started in 1913 or 1932, so it's not aIlargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8661658141977313352008-08-29T18:33:00.000-04:002008-08-29T18:33:00.000-04:00brimstone - thank you for Christopher Laird articl...brimstone - thank you for Christopher Laird article. Another piece of the puzzle that shows how quickly this credit bubble could burst.<BR/>Anonymous ReaderAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87862966532878330482008-08-29T17:56:00.000-04:002008-08-29T17:56:00.000-04:00Brimstone, you write ...starts the global chain re...Brimstone, you write <I>...starts the global chain reaction of currency collapse. ALL of the FIAT currencies. Got shiny metal?</I><BR/><BR/>Seems to me that financialsense views the solution to all financial problems as owning gold; hyperinflation or, as you just alluded to in your excerpt, the obvious <I>deflation</I> that has begun. Does it make sense that gold is the answer no matter what Farmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79214065555807607162008-08-29T17:33:00.000-04:002008-08-29T17:33:00.000-04:00heads uphttp://www.financialsense.com/fsu/editoria...heads up<BR/><BR/>http://www.financialsense.com/fsu/editorials/laird/2008/0825.html<BR/><BR/><I>End of a huge world bubble<BR/><BR/>If that is true, then the theory I laid out above, that we are witnessing a peak in a parabolic finance/asset/stock bubble of world proportions, is going to pan out. I think the entire credit crisis can be looked at from that perspective. We are merely witnessing theAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-40397177591377297602008-08-29T17:14:00.001-04:002008-08-29T17:14:00.001-04:00I've whipped up a diary contrasting the economic e...I've whipped up a diary contrasting the economic effect of bailing out Ford/GM (putting off consequences) with putting that money into rail electrification(economic growth).<BR/><BR/> We <B>will</B> do the wrong thing, unless F+GM are permitted to unwind in the 11/4/08-1/20/09 timeframe..https://www.blogger.com/profile/03915219261001181341noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-62336530697034934382008-08-29T17:14:00.000-04:002008-08-29T17:14:00.000-04:00@MBWhy don't we take this private; I doubt others ...@MB<BR/><BR/>Why don't we take this private; I doubt others are interested.<BR/><BR/>outtacontrol at ymail dot comFarmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-78621611207949214482008-08-29T17:03:00.000-04:002008-08-29T17:03:00.000-04:00I have given up on telling other people about the ...I have given up on telling other people about the coming deluge. Of the many I have tried to tell, none, to my knowledge (including some that said they agree) have changed the way they live at all. It is just too painful to leave the party while the music is still playing and everyone is having a good time. It is the American Dream twist on Martin Luther, "If I knew the world would end tomorrow, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80253486341314640692008-08-29T16:49:00.000-04:002008-08-29T16:49:00.000-04:00OC,I'll check them out. I was ordering bearings et...OC,<BR/><BR/>I'll check them out. I was ordering bearings etc from United Bike Supply, and they were out of tubes. I'll have to check on that size for their cost. I was looking for 26 x 1.5-1.75. They weren't the cheapest tube by manufacture choices, but a decent tube. I'm back ordered on several items for a couple of weeks. The sales tech said that the tubes had gone up and supply was gone. He bicycle mechanichttps://www.blogger.com/profile/17008971495294158347noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53022393477522826092008-08-29T15:37:00.000-04:002008-08-29T15:37:00.000-04:00Who is really surprised that people don't want to ...Who is really surprised that people don't want to hear the bad news? Most people think they OWN their house, even though they still make vast Mortgage payments or own their car even though they still pay down the credit on it.<BR/><BR/>As it was put here a while ago: People have confused Credit with Money. No wonder the reality hasn't hit home yet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-60491949197918067442008-08-29T15:18:00.000-04:002008-08-29T15:18:00.000-04:00@bicycle mechanic yesterday:Thanks for the heads u...@bicycle mechanic yesterday:<BR/><BR/>Thanks for the heads up on your various points. I'm not sure what constitutes an expensive bike tube where you live but <A HREF="http://www.mec.ca/" REL="nofollow">MEC</A> has 26 X 2 Shraeders for a little over US$2. That is, <I>if</I> they have any left after I put in my order today ;)Farmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5843311253598642322008-08-29T15:15:00.000-04:002008-08-29T15:15:00.000-04:00I've sent my family some articles about the financ...I've sent my family some articles about the financial crisis, about the number of banks failing, about foreclosures, about limits on credit cards being reduced. <BR/>One sister said to stop sending such pessimistic articles because she didn't have time to read them. Besides she had a vacation to plan.<BR/><BR/>If my family is still so clueless, most of America is too. Even if politicians had the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12337768408074270522008-08-29T14:41:00.000-04:002008-08-29T14:41:00.000-04:00If only Politicians had the courage to tell it lik...If only Politicians had the courage to tell it like it is.<BR/>Obama was great last night, however no politician is willing to say NO to GM and other 'bailouts'.<BR/>The fear to call it what is it has brought us to this breaking point as a nation.<BR/>If only more folks knew that the ship was sinking they could have and would have done more to change the way they live in order to survive.<BR/>Anonymousnoreply@blogger.com