tag:blogger.com,1999:blog-4921988708619968880.post2005959158344586260..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: June 28 2010: A quiet crisis whispers of impending povertyIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger75125tag:blogger.com,1999:blog-4921988708619968880.post-68858693327990408382010-07-02T08:55:01.732-04:002010-07-02T08:55:01.732-04:00We're only about 160 minutes from Brazil takin...We're only about 160 minutes from Brazil taking the first World Cup semi-finalist place.<br /><br />So long Holland. It's going to be an orange sunset tonight, that's for sure.<br /><br />A sad but true fact; no European team has ever won a final played outside of Europe. Bye bye Dutchmen. Your run was nice but it's over.goritsashttps://www.blogger.com/profile/09767556060065779629noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90983037198508423342010-07-01T13:43:29.932-04:002010-07-01T13:43:29.932-04:00Hi folks,
I just returned from a trip to central...Hi folks,<br /> I just returned from a trip to central Oregon,where I found the future...<br /><br /> The future seems to be spread around Oregon more and more evenly now...but out in the deep south "high desert" country,Things are getting real,real rough.<br /><br /> Ilargi,homes that were 1.5 years ago selling for 180k are now being picked up...for 30k...or "What ever someone snuffyhttps://www.blogger.com/profile/03978637281755386311noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17742949711721710572010-07-01T11:19:30.164-04:002010-07-01T11:19:30.164-04:00It looks like the institutional traders, mutual fu...It looks like the institutional traders, mutual fund, etc. are in a panic. They cannot find a safe place to leave their funds that will meet their cash flow requirements.<br /><br />Everywhere that you look its DOWN ... DOWN ... DOWN.<br /><br />Even gold is going down.<br /><br />hummm!<br /><br />I recall I&S saying that this could happen as redemptions, cash flow requirements would be jalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28526323857765304882010-07-01T01:50:00.622-04:002010-07-01T01:50:00.622-04:00@Ilargi
1) You donate a reasonable percentage (re...@Ilargi<br /><br /><i>1) You donate a reasonable percentage (re: what does a financial adviser charge) of what we have saved you and yours to The Automatic Earth, so we can continue to do for others what we -thankfully- have been able to do for you.<br /><br />2) You invest in essentials. Think: what do I do when banks and stores close their doors. Land, food, shelter, energy.</i><br /><br />1)I DancesWithStaplerhttps://www.blogger.com/profile/10190497711543747481noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48645396274256267982010-07-01T01:15:00.973-04:002010-07-01T01:15:00.973-04:00@tophatcat
Sorry did not sense your cynicism in y...@tophatcat<br /><br />Sorry did not sense your cynicism in your 'America's Sea' sign off remark. No offense intended.<br /><br />“Did you actually believe BP's Big Lie for the first few weeks it was "1,000 barrels (then 5,000)"?<br />No, of course not. I never believed the initial estimates of oil flow. One glance at the live coverage of the well head convinced me Biologique Earlhttps://www.blogger.com/profile/05410194284794713409noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-57736316317190275182010-06-30T23:35:07.710-04:002010-06-30T23:35:07.710-04:00Top Hat Cat is probably correct. I'm also keep...Top Hat Cat is probably correct. I'm also keeping up with what Michael Ruppert and Matthew Simmons are saying re the gushers and seabed in GOM. Gary Null interviewed Michael Ruppert a few days ago. Very informative!<br /><br />Supposedly, FEMA has plans to evacuate the Tampa area. I think, though, that our corrupt government/corporatocracy will keep Gulf residents in the dark regarding the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-71784951167019377822010-06-30T21:26:13.618-04:002010-06-30T21:26:13.618-04:00@ Top Hat Cat
If your worst case prognosis regard...@ Top Hat Cat<br /><br />If your worst case prognosis regarding the BP oil spill is true then this could easily morph into a large scale permanent evacuation of the gulf given the toxicity of the chemicals present within. <br /><br />Home values would also plummet and remember this is a region with 20 to 25 million people living along it. Falling home prices mean that the regional banks and some VKhttps://www.blogger.com/profile/06843562351166927162noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-59328135371154021212010-06-30T20:19:06.698-04:002010-06-30T20:19:06.698-04:00Tero- yes, yes, and the answer is! Genetic Engine...Tero- yes, yes, and the answer is! Genetic Engineering! GM food will fix everything!<br /><br />Nope, it won't. What you really need to understand- it's Monsanto, et.al. who really push this stuff.<br /><br />They are the banksters of food. Really.<br /><br />Yes indeed, there are quite a few extremely naive professors who believe what they're saying. But; you really have to lookGreenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-65155983201142139112010-06-30T18:00:59.127-04:002010-06-30T18:00:59.127-04:00Hello Ilargi and Stoneleigh. I've been followi...Hello Ilargi and Stoneleigh. I've been following TAE for a while now and find your view the most consistent and objective on the subject.<br />I've been taking a look at the following article by Jeff Harding on the usual "inflation vs deflation" argument and wanted your opinion on his take.<br /><br />What i noticed immediately is that it focuses on the US alone, completely Francesco Degrassihttps://www.blogger.com/profile/07923075578021300344noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9646526925043685912010-06-30T15:57:01.851-04:002010-06-30T15:57:01.851-04:00THC, thanks for the simmons stuff. and robert, for...THC, thanks for the simmons stuff. and robert, for your reply.<br /><br />frightening to be in simmons' mind's eye. it's a vivid place. <br /><br />any aerial documentation of the cauldron?<br /><br /><br />M, good call on 'one dimensional man.' my stepdad gave it to me about ten years ago. i love when my eye falls on it. funnily enough it's rubbing shoulders on the shelf benhttps://www.blogger.com/profile/07338619620804720116noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-64042783938413737612010-06-30T14:19:18.644-04:002010-06-30T14:19:18.644-04:00<sarcasm>
Great news! The FTSE 100 bounced ...<sarcasm><br />Great news! The FTSE 100 bounced back today to close a fantastic 2.65 points (0.05% up) on yesterday's close.<br /><br />Hooray, civilisation is saved!<br /></sarcasm><br /><br />Dow's not doing any better, either.Philhttps://www.blogger.com/profile/05789761931551673481noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8668415268926812622010-06-30T14:06:29.275-04:002010-06-30T14:06:29.275-04:00"...I fear that the attempt to intercept and ..."...I fear that the attempt to intercept and seal the well may fail. No on wants to think about this possibility – it is so grim...<br /><br />If the casing is gone in the original bore hole, like Ruppert and his sources say, the intercept wells will not work, ever.<br /><br />And if the leaking is from " ...secondary geologic ruptures and ... apparent multiple origination points",Top Hat Cathttps://www.blogger.com/profile/18062738110354384414noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-69322010373688144302010-06-30T13:51:55.219-04:002010-06-30T13:51:55.219-04:00@Robert
The reference to "America's Sea&...@Robert<br /><br />The reference to "America's Sea" was part snark and part reference to the multi-part TV series developed called "America's Sea" mentioned in this article by Margaret Wheatley.<br /><br />http://www.yesmagazine.org/blogs/margaret-wheatley/perseverance-lost-in-the-gulf-of-mexico<br /><br />I'm well aware of the imperial history of the U.S.<br /><brTop Hat Cathttps://www.blogger.com/profile/18062738110354384414noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-66521412625113987932010-06-30T13:11:53.106-04:002010-06-30T13:11:53.106-04:00@tophatcat
R.I.P. 'America's Sea': T...@tophatcat<br /><br />R.I.P. 'America's Sea': The Gulf of Mexico has “Mexico in its name because it is bordered to a large extent by Mexico. When it was named, Texas was part of Mexico and at that time Mexico had more coast bordering the Gulf than the infant US of A. Perusal of a map suggest that Mexico still has a huge portion of shore line on the Gulf(1,394 miles, 2,243 km) vs Biologique Earlhttps://www.blogger.com/profile/05410194284794713409noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-33999657763300458632010-06-30T12:53:05.865-04:002010-06-30T12:53:05.865-04:00Just saw a MSNBC wanker news fart (WNF) saying U.S...Just saw a MSNBC wanker news fart (WNF) saying U.S. Attorney General Eric Holder was in Afghanistan to help the Afgans 'root out' widespread corruption.<br /><br />Well, I'm glad to see Obummer's chief law enforcement official interested in and actually actively pursuing 'widespread corruption'.<br /><br /><i>Too bad it's in the wrong damn country.</i><br /><br />Top Hat Cathttps://www.blogger.com/profile/18062738110354384414noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-47082086055345613142010-06-30T12:32:35.519-04:002010-06-30T12:32:35.519-04:00This comment has been removed by the author.Biologique Earlhttps://www.blogger.com/profile/05410194284794713409noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-27204379620749836252010-06-30T10:47:06.603-04:002010-06-30T10:47:06.603-04:00“A UN report released on Tuesday calls for abandon...“A UN report released on Tuesday calls for abandoning the US dollar as the main global reserve currency to achieve greater stability in the world financial system.”<br /><a href="http://www.presstv.com/detail.aspx?id=132688&sectionid=3510213" rel="nofollow">UN calls for scraping dollar</a>Bigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-71818491635635388222010-06-30T10:31:00.356-04:002010-06-30T10:31:00.356-04:00Another note on the Simmons interview.
There are...Another note on the Simmons interview. <br /><br />There are about 18 or so electric power plants using Gulf water to cool with. All plants, conventional and nuclear use phenomenal amounts of water to produce electricity, for the cooling towers and steam loops.<br /><br />All the Gulf plants have been doing their emergency shut down drills in case <b><i>The Creature from the Black Lagoon</i></b> Top Hat Cathttps://www.blogger.com/profile/18062738110354384414noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5432223312572365842010-06-30T09:42:28.697-04:002010-06-30T09:42:28.697-04:00This comment has been removed by the author.Mhttps://www.blogger.com/profile/02818666639049192595noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-20714421472272171512010-06-30T06:49:29.442-04:002010-06-30T06:49:29.442-04:00"$$$Dollar$$$ said...
Ilargi the 4:1 comes fr...<i>"$$$Dollar$$$ said...<br />Ilargi the 4:1 comes from the Fed itself. I would be more inclined to go with that than what the "Economist" throws out there. Oh, this does not account for the GSE and other assorted off balance sheet debt out there."</i><br /><br />You tear down your own reasoning. Oh, it does not include so-and-so. First off, believing what the Fed says is likeIlargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-68042037514662483192010-06-30T05:58:19.343-04:002010-06-30T05:58:19.343-04:00This comment has been removed by the author.Unknownhttps://www.blogger.com/profile/09627943828901298391noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9731072119289772922010-06-30T03:14:08.103-04:002010-06-30T03:14:08.103-04:00" DancesWithStapler said...
I really apprecia...<i>" DancesWithStapler said...<br />I really appreciate what your are doing with this blog. I've been following since you guys came over from The Oil Drum, and <b>you've saved me and my family alot of money.</b> We're far from wealthy, but I've managed to put away some money in the bank and 401K, and I'm debt free. What I'm struggling with is what do I do now? If the Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49447716648464274652010-06-30T02:47:09.014-04:002010-06-30T02:47:09.014-04:00So, this may be a bit off-topic, but your comment ...So, this may be a bit off-topic, but your comment comparing Bernanke to a weatherman that thinks he controls the climate has now most likely indelibly renamed him Pudge, in my imagination, at least.<br /><br />http://www.youtube.com/watch?v=xNj1XTnXc_M&feature=youtube_gdata<br /><br />What can I say? Too many Disney movies with my kids :)AKfitknithttps://www.blogger.com/profile/01606405275001893035noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-25413736098972670302010-06-30T02:43:55.936-04:002010-06-30T02:43:55.936-04:00This comment has been removed by the author.Unknownhttps://www.blogger.com/profile/09627943828901298391noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12996135052260303512010-06-30T01:35:15.729-04:002010-06-30T01:35:15.729-04:00I really appreciate what your are doing with this ...I really appreciate what your are doing with this blog. I've been following since you guys came over from The Oil Drum, and you've saved me and my family alot of money. We're far from wealthy, but I've managed to put away some money in the bank and 401K, and I'm debt free. What I'm struggling with is what do I do now? If the money is not safe in the bank or 401k, where do DancesWithStaplerhttps://www.blogger.com/profile/10190497711543747481noreply@blogger.com