tag:blogger.com,1999:blog-4921988708619968880.post3622928306018422796..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, September 5 2008: Cement FeetIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger44125tag:blogger.com,1999:blog-4921988708619968880.post-78906956315411167592008-09-07T09:53:00.000-04:002008-09-07T09:53:00.000-04:00Victor, frome th Govertment site for Savings Bonds...Victor, frome th <A HREF="http://www.cis-pec.gc.ca/eng/bonds_csb.asp" REL="nofollow">Govertment site</A> for Savings Bonds it is stated: <BR/><BR/><I>offers minimum guaranteed interest rates (which will increase should market conditions warrant, but will never fall below the posted rates during the priced period</I><BR/><BR/>But I have been told by a financial advisor that there has been one timeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-51408656563186974232008-09-07T00:57:00.000-04:002008-09-07T00:57:00.000-04:00@snuffy:I am awaiting my order from SeedSavers dot...@snuffy:<BR/>I am awaiting my order from SeedSavers dot org.<BR/>Best of Luck to all.rachelhttps://www.blogger.com/profile/15572854888730065806noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77687739088596523662008-09-06T19:51:00.000-04:002008-09-06T19:51:00.000-04:00stoneleighJust a note to say thank you for the res...stoneleigh<BR/>Just a note to say thank you for the response you provided to my concerns. I appreciate your feedback and wanted to let you know.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-63807076880831634992008-09-06T19:43:00.000-04:002008-09-06T19:43:00.000-04:00I forgot to ask if the rates of Savings bonds ever...I forgot to ask if the rates of Savings bonds ever go down after they are bought?<BR/><BR/>VictorAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89276373974273803422008-09-06T19:40:00.000-04:002008-09-06T19:40:00.000-04:00Could anyone say if Canadian Savings Bonds and Can...Could anyone say if Canadian <BR/>Savings Bonds and Canadian Treasuries are equally safe. If they are is there any reason to hold treasuries when one can get better interest rates in the Saving bond.<BR/><BR/>VictorAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-84266643138428322012008-09-06T17:42:00.000-04:002008-09-06T17:42:00.000-04:00Thanks, Stoneleigh, for clarifying that.Thanks, Stoneleigh, for clarifying that.Davidhttps://www.blogger.com/profile/11070930052244044086noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-44817005751430323182008-09-06T14:51:00.000-04:002008-09-06T14:51:00.000-04:00David,John Michael Greer is a very interesting thi...David,<BR/><BR/>John Michael Greer is a very interesting thinker, but he expects a slow catabolic collapse, and that is not what Ilargi and I think is going to happen (to put it mildly). We expect a fast crash as the credit bubble of the last two and a half decades implodes.<BR/><BR/>I would argue that the catabolic collapse that Greer writes about actually began perhaps 30 years ago, although Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-31294620843970209482008-09-06T14:42:00.000-04:002008-09-06T14:42:00.000-04:00Anon Reader,Not all mutual funds are created equal...Anon Reader,<BR/><BR/>Not all mutual funds are created equal, and a fund of short term treasuries should fare much better than most. Direct ownership is still preferable, as it removes the risk that the management structure will go under, but at least the underlying assets are sound.<BR/><BR/>Many mutual funds are invested in real estate and other assets that will plummet in value or go Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-15310555829139706682008-09-06T12:52:00.000-04:002008-09-06T12:52:00.000-04:00Stoneleigh,I appreciate your answer to Marianne be...Stoneleigh,<BR/>I appreciate your answer to Marianne because I struggle with this same dilemna. I rolled my IRA into a mutual fund consisting entirely of short term Treasuries (Vanguard VUSXX). Could you explain how and why this type of fund could become wallpaper and might disappear? Thanks,<BR/>Anonymous ReaderAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43018464869804006942008-09-06T12:49:00.000-04:002008-09-06T12:49:00.000-04:00Ilargi:If it's not too late to follow up on your r...Ilargi:<BR/><BR/>If it's not too late to follow up on your response to my comment about John Michael Greer (a/k/a the Archdruid): I'm curious to know in what sense you think he "formidably fails to understand what goes on". I think of him as a 'big picture' commentator, more concerned with the macro view of the ebbs and flows of the markets (from such a high level that it's no longer about Davidhttps://www.blogger.com/profile/11070930052244044086noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-41464004295409461472008-09-06T12:33:00.000-04:002008-09-06T12:33:00.000-04:00Marianne,I presume you have no debt, having sold y...Marianne,<BR/><BR/>I presume you have no debt, having sold your home. That's a big step in the right direction. The next thing is have as much control as you can over your own assets in liquid form - cash and cash equivalents (ie short term treasuries). Mutual funds are not a great idea unfortunately, as many of them will be wallpaper at the end of the day. Banks are not a good idea either as so Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43001810457987726942008-09-06T12:24:00.000-04:002008-09-06T12:24:00.000-04:00Ilargi said... Sorry Crystal, I was doing 826 t...Ilargi said...<BR/><BR/> <I> Sorry Crystal, I was doing 826 things at the same time:<BR/><BR/> Here's the correct link (pdf):<BR/><BR/> Canadian Mortgage Backed Securities.</I><BR/><BR/>-----<BR/><BR/>Sorry for what, all the hard work you set yourself up for? (Just call me Mr. Sympathy:), anyhew, that PDF would, if not have killed my hardcore disbeliever outright, then have left him Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12784534982278053682008-09-06T11:55:00.000-04:002008-09-06T11:55:00.000-04:00ilargi,You are brilliant. However, a lot of this ...ilargi,<BR/>You are brilliant. However, a lot of this stuff is over my head, although I get the fact that housing and the markets are tanking. I am invested in excellent mutual funds and their money market. Quite a bit of money in these accounts - at least for my standards as I am a public service worker. I currently rent - sold my house. I am unable to sleep at night because I think I am Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-4475547765555370362008-09-06T11:13:00.000-04:002008-09-06T11:13:00.000-04:00Why, I'm a speech pathologist in a prairie provinc...Why, I'm a speech pathologist in a prairie province in Canada. <BR/><BR/>I am impressed by your the level of candour on this blog, no matter who is expressing it. <BR/><BR/>Ilargi, thanks for the "Straw Dogs" recommendation. I feel illuminated and depressed at the same time- quite a combination of sensations! It's like a vast meal that needs to be digested in small chunks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-18514452725857515412008-09-06T10:22:00.000-04:002008-09-06T10:22:00.000-04:00One more thing - I'm not sure who 'Crikey' is, but...One more thing - I'm not sure who 'Crikey' is, but I should say (and it should be obvious) that I am in no way related to the prominent blogger who has been mentioned recently.Unknownhttps://www.blogger.com/profile/12449452173636791089noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-2991152054416607892008-09-06T09:25:00.000-04:002008-09-06T09:25:00.000-04:00announcement of this weekend:Paulson Plans to Brin...announcement of this weekend:<BR/><B>Paulson Plans to Bring Fannie, Freddie Under Government Control</B><BR/><BR/>http://www.bloomberg.com/apps/news?pid=20601087&sid=azJ2NQoKxMnE&refer=homeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-69487687389447086632008-09-06T09:21:00.000-04:002008-09-06T09:21:00.000-04:00This comment has been removed by the author.286828https://www.blogger.com/profile/01121700077236466132noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48167310417121213022008-09-06T09:02:00.000-04:002008-09-06T09:02:00.000-04:00Stoneleigh - thank you for the detailed response. ...Stoneleigh - thank you for the detailed response. Over the past few months I've been trying to give myself a crash course in economics, and this site has been a great help.Unknownhttps://www.blogger.com/profile/12449452173636791089noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9623900697332490612008-09-06T05:38:00.000-04:002008-09-06T05:38:00.000-04:00The avalanche of disturbing news continues.The onl...The avalanche of disturbing news continues.The only good thing I could see ,was the lack of outright warfare this day...I suppose its on tomorrows agenda<BR/><BR/> Rachel,I made a comment for you on your previous post.I believe that the best thing a person of limited means may do in a situation where money is flat not there for the tons of supplies to help family,is to spend what you may spare onAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9402013325940597682008-09-06T02:09:00.000-04:002008-09-06T02:09:00.000-04:00"Ironically, the YES, BUT -NEVER- NOT HERE! crowd ..."Ironically, the YES, BUT -NEVER- NOT HERE! crowd is everywhere, they’re as global as the whole downfall. They just think they're unique."<BR/><BR/>Report on Business, one of the two "Financial Papers" in Canada (think WSJ) today had a few "cheerleading" articles, the employment rate, the lower oil price etc....<BR/><BR/>All of this is being presented as a "sign of a turn around" without any Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-27705302085855580242008-09-05T22:29:00.000-04:002008-09-05T22:29:00.000-04:00quote from top article:"The plan is expected to in...quote from top article:<BR/><BR/>"The plan is expected to involve a creative use of Treasury's new authority to make a capital injection into the beleaguered giants."<BR/><BR/>Now wait a minute...<BR/><BR/>Doesn't this mean "Treasury will create money out of thin air and give it to the bastards"?<BR/><BR/>So then, why the f--- don't people say what they mean?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8159595398939366432008-09-05T22:18:00.000-04:002008-09-05T22:18:00.000-04:00Not to take anything away from Sharon Astyk- but t...Not to take anything away from Sharon Astyk- but there's another poster on this blog- Greenpa- who's been living everything she talks about for 30 years. His blog doesn't give long recipes and lists of what to do- but has plenty of interesting commentary on it all- and specifics from time to time. You could always ask. He's on Sharon's blog roll, too.<BR/><BR/>PJAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-38477204581446188522008-09-05T22:06:00.000-04:002008-09-05T22:06:00.000-04:00After the Treasury bailout of Fannie and Freddie, ...After the Treasury bailout of Fannie and Freddie, how will it impact citizen Joe/Jane? Since most citizens are clueless, will they even know a bailout has taken place?<BR/>P.S. Another bank closing - Silver State Bank, Henderson, NVAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-50724136900161624202008-09-05T22:03:00.000-04:002008-09-05T22:03:00.000-04:00Stock market margin debt is at record levels - con...<I>Stock market margin debt is at record levels - considerably higher than in 1929 </I><BR/><BR/>Where's the margin data, any links?<BR/><BR/>Thanks<BR/><BR/>Seems like there is trouble everywhere!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-31341568249035158532008-09-05T22:01:00.000-04:002008-09-05T22:01:00.000-04:00I’ve been a “lurker” on this blog for months, and ...I’ve been a “lurker” on this blog for months, and this is the first time I’ve posted, too. Garth’s candour encouraged me, perhaps. I’m finding it increasingly hard to wrap my head around what to do now that I feel my eyes are open. All around me, I see family, friends and neighbours acting in ways akin to financial suicide. Those close to me try to dampen my anxiety, and acquaintances either lookAnonymousnoreply@blogger.com