tag:blogger.com,1999:blog-4921988708619968880.post2444792104600060123..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: July 18 2009: Is reality in the eye of the beholder too?Ilargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger153125tag:blogger.com,1999:blog-4921988708619968880.post-25628169114625032042009-07-20T21:49:48.213-04:002009-07-20T21:49:48.213-04:00Why is anyone calling a bottom on anything? I don&...Why is anyone calling a bottom on anything? I don't see it. I see more caution, more openly expressed.<br /><br />There is still so much denial I can't believe it.<br /><br />People, I'm 65 and if you don't need something to keep up health, don't spend.Never mind keeping up appearances. Probably 85 percent of population has enough clothes for at least a year. <br /><br />I seeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-33017226092308579462009-07-20T11:14:13.952-04:002009-07-20T11:14:13.952-04:00Do you cop these images from Shorpy?Do you cop these images from Shorpy?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12209874437693690672009-07-20T07:16:20.149-04:002009-07-20T07:16:20.149-04:00Hello,
@ El G
Please sign me up for your travel ...Hello,<br /><br />@ El G<br /><br />Please sign me up for your travel journal.<br /><br />Ciao,<br />FBAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-45524762819986324882009-07-20T06:21:39.637-04:002009-07-20T06:21:39.637-04:00New post upNew post upIlargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-34883911052629482952009-07-20T06:07:23.578-04:002009-07-20T06:07:23.578-04:00@stoneleigh: "It wouldn't surprise me at ...@stoneleigh: "It wouldn't surprise me at all to see negative nominal interest rates, but I don't see that as a solution." <br /><br />It would be a solution if you posit that interest rates be allowed to follow the market wherever required, +ve or -ve to ensure that the market supply of savings is always cleared. <br /><br />The 0% bound represents an arbitrage in favour of http://scepticus.myopenid.comnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-40506806813104277062009-07-20T05:54:42.407-04:002009-07-20T05:54:42.407-04:00Rather than being structured as an investment site...<i>Rather than being structured as an investment site, we are a public service trying to help ordinary people to hang on to what they have, in order to minimize suffering as much as we can.</i><br /><br />Even those of us without any money at all appreciate (you cannot imagine how valuable sound reasoning is to someone without money; it certainly clarifies my thinking on options and Compound Fhttps://www.blogger.com/profile/12754909356084772352noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53735630630984374262009-07-20T05:39:06.083-04:002009-07-20T05:39:06.083-04:00"On a serious note to Scepticus, let me ask: ..."On a serious note to Scepticus, let me ask: "What makes you think that TPTB are interested in doing what's best for the sheeple of America, Scep?"<br /><br />I'm not american, so I may not be best placed to answer that, but I'll have a go anyway.<br /><br />Firstly, the way I see things in the US is that you have what I'd characterise as a benign, faintly fascist Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-88612106581843266932009-07-20T05:11:47.678-04:002009-07-20T05:11:47.678-04:00Above I failed to point out that which seems obvio...Above I failed to point out that which seems obvious to me - if the debt is repaid in dollars which have the same purchasing power in the economy after the monetisation as before, then the creditors have not been harmed at all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3614404062212781022009-07-20T05:01:38.124-04:002009-07-20T05:01:38.124-04:00To the person who asked why creditors would accept...To the person who asked why creditors would accept being wiped out by my proposed scenario, my question to you is, have you actually read and understood my posts?<br /><br />I think not, because right near the beginning I explained that the act of raising bank reserves to 20% maintains the value of the dollar at no less than half it's current levels even after the entire deficit is monetisedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-83084403144894890202009-07-20T04:16:46.666-04:002009-07-20T04:16:46.666-04:00Stoneleigh wrote -
The ideas have not changed bec...<i>Stoneleigh wrote -<br /><br />The ideas have not changed because our predicament has not changed.</i><br /><br />The predictions are set in stone. Yeah, I got that. I think we all do.<br /><br />Scepticus brings up some possible scenarios that the US Federal Reserve may use to combat deflation. Ilargi shot him down with YABOCNC (yet-another-bout-of-chlidish-name-calling).<br /><br />This is Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3412661170161970342009-07-20T03:43:54.195-04:002009-07-20T03:43:54.195-04:00Ditto Linda @1.34 a.m.
Thank you I and S for all ...Ditto Linda @1.34 a.m.<br /><br />Thank you I and S for all of your much valued thoughts and advice. Upwards and onwards!<br /><br />cdAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-13701339952984293862009-07-20T01:34:46.502-04:002009-07-20T01:34:46.502-04:00Stoneleigh,
Thanks for being so patient with all ...Stoneleigh,<br /><br />Thanks for being so patient with all your answers, I know that I appreciate your honest attempts at explaining things in understandable terms to people who do not understand where their fundamental misunderstanding occurs. It has taken me a long time to grasp many of these things and I find myself always learning something new from your attempts to rephrase your ideas. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-10377225447290511892009-07-20T01:16:33.711-04:002009-07-20T01:16:33.711-04:00On a serious note to Scepticus, let me ask: "...On a serious note to <a rel="nofollow">Scepticus</a>, let me ask: "What makes you think that TPTB are interested in doing what's best for the sheeple of America, Scep?<br /><br />Yes, the system you proposed MIGHT be better for humanity. So might pure libertarian capitalism, or Marx's pure communism, or any number of utopian systems. If people worked hard, and played fair, and were Bukko Boomerangerhttps://www.blogger.com/profile/02424677168216647964noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-38077130007440533232009-07-20T01:08:02.206-04:002009-07-20T01:08:02.206-04:00This isn't hard. Ask yourself:
Could the def...This isn't hard. Ask yourself:<br /><br />Could the deflationists be right? if they are right, have you taken the steps necessary to protect your family?<br /><br />Could the hyperinflationists be right? If they are right, have you taken the steps necessary to protect your family?<br /><br />It's a fairly safe bet that one of these camps will be right sometime in the next three months Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-14285320918293140732009-07-20T01:01:40.512-04:002009-07-20T01:01:40.512-04:00Jim said: (in fact when was the last time you had ...<b>Jim</b> said: <i>(in fact when was the last time you had a $1,000 bill?)</i><br /><br />Jim -- when my wife and I were in Europe in September 2008, we got some 500-euro notes from our Zurich gnome because we wanted to pay cash for hotel bills, rental cars, etc. Stick it to The Man, don't use his dirty plastic, etc. They were worth something approaching $US 1,000.<br /><br />Wow, were thoseBukko Boomerangerhttps://www.blogger.com/profile/02424677168216647964noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-33082324263345305052009-07-20T00:43:28.991-04:002009-07-20T00:43:28.991-04:00@Anon 11:35 pm
It's already started - Jakarta...@Anon 11:35 pm<br /><br />It's already started - Jakarta bombings.<br /><br />Uh-ha!Earnest Luxhttps://www.blogger.com/profile/00054054464481018004noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53617041442822099462009-07-20T00:29:11.003-04:002009-07-20T00:29:11.003-04:00Ohmagod the farfel looks to be catching!:)Ohmagod the farfel looks to be catching!:)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-42477994283506328602009-07-20T00:25:01.932-04:002009-07-20T00:25:01.932-04:00Stoneleigh:
Just for kicks. What is your opinion ...Stoneleigh:<br /><br />Just for kicks. What is your opinion on what is going to happen in China?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-74546881806502092422009-07-20T00:16:52.304-04:002009-07-20T00:16:52.304-04:00@Anon 11:38
Yes, we all intellectually get what a...@Anon 11:38<br /><br />Yes, we all intellectually get what a trillion is - a thousand billion, a million million, etc., and we've seen the illustrative examples - the stack of $1,000 bills 69 miles high (when was the last time you were 69 miles high - hell, 7 miles is "up there" for most of us), the pallets and warehouses of $100 bills, the "if you got $x every second/minute/Jimnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-24627608034696136242009-07-20T00:08:30.208-04:002009-07-20T00:08:30.208-04:00Readers might have to wait until tomorrow morning ...Readers might have to wait until tomorrow morning for today's post. Ilargi is fast asleep :)Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-88613784912437603602009-07-19T23:45:48.780-04:002009-07-19T23:45:48.780-04:00From LATOC Comments, posted by Megadoom :
&qu...From <a href="http://www.doomers.us/forum2/index.php/topic,48523.msg698156.html#msg698156" rel="nofollow"> LATOC</a> Comments, posted by Megadoom :<br /><br /><i> <br />"Serious Denninger doom! Deflationary catastrophie!!! <br /><br />« on: July 04, 2009, 11:21:03 AM »<br /> <br />http://market-ticker.org/<br /><br />I am quickly running out of possible scenarios to prevent a severe Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90967651896076707252009-07-19T23:38:18.703-04:002009-07-19T23:38:18.703-04:00"What human can really comprehend a trillion?..."What human can really comprehend a trillion??" <br /><br />1,000 dollar bill laid flat then stack one on top of another and it would be 69 miles high.<br /><br />Comprehend that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-82642513649268707772009-07-19T23:35:03.891-04:002009-07-19T23:35:03.891-04:00Indian astrologers are predicting violence and tur...Indian astrologers are predicting violence and turmoil across the world as a result of this week's total solar eclipse, which the superstitious and religious view as a sign of potential doom. <br />http://tinyurl.com/mnah6b<br /><br />Uh-HuhAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-47658918021458623632009-07-19T23:20:58.511-04:002009-07-19T23:20:58.511-04:00All this infighting between Illargi and Sceptius (...All this infighting between Illargi and Sceptius (and others) when they're basically on the same page (particularily when compared to the vast populace of "sheeple"). Of course when trying to see the future noone can be "right" - we "call 'em as we see 'em" and hopfully try to keep open minds and resynthesize our "facts" and experiences as the Jimnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-37172522460875086192009-07-19T22:20:26.664-04:002009-07-19T22:20:26.664-04:00Take a country take is dead broke.
Then look at t...Take a country take is dead broke.<br /><br />Then look at the individual citizens of that dead broke country.<br /><br />Like a badly beaten prize fighter with blood coming out of his ears, a majority of US citizens have debt coming out theirs.<br /><br />Not a pretty picture.<br /><br />They will not and can not take on one more iota of debt. Look what shape they're in, who would lend to Anonymousnoreply@blogger.com