tag:blogger.com,1999:blog-4921988708619968880.post3951243494055118954..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: August 8 2010: Stoneleigh takes on John Williams: Deflation it isIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger104125tag:blogger.com,1999:blog-4921988708619968880.post-91541330172242306222010-08-12T11:57:26.198-04:002010-08-12T11:57:26.198-04:00Hi there toall at TAE and in particular Stoneleigh...Hi there toall at TAE and in particular Stoneleigh (who,since I recently discovered via an audio from the2010 Transition Town Conference ) has become my biggest hero ( I would have said heroine but Im a bit dyslexic and didnt want to accidently make a refference to hard drugs.)<br /><br />Ever since I came across the notion of peak oil my partner and I have pretty much dedicated ouselves to Tim Darbyhttps://www.blogger.com/profile/00787718843874769964noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-16282670940686337292010-08-11T11:28:54.599-04:002010-08-11T11:28:54.599-04:00New post up.
The Fed is not your friend
.New post up.<br /><br /><br /><br /><a href="http://theautomaticearth.blogspot.com/2010/08/august-11-2010-fed-is-not-your-friend.html" rel="nofollow"><b>The Fed is not your friend</b></a><br /><br /><br /><br /><br />.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-44451389870416876062010-08-11T11:16:48.728-04:002010-08-11T11:16:48.728-04:00@davefairtex
You, and many others, keep assuming ...@davefairtex<br /><br />You, and many others, keep assuming that the politicians call the shots and that they will sacrifice the bankers via inflation to try to save themselves. Have you considered what would happen if that situation is reversed, as abundant data suggests it is?<br /><br />Why would the banks (creditors) destroy the loans they have made via massive inflation? Why would the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-41271818313496817972010-08-11T10:07:12.406-04:002010-08-11T10:07:12.406-04:00scandia said...
So Robert Gibbs thinks the Left n...<a rel="nofollow">scandia</a> said...<br /><br /><i>So Robert Gibbs thinks the Left needs to be drug tested does he? ... We all had a wee peek.</i><br /><br />And if Gibbs had his way with urine drug tests, we'd all have a pee week.Bukko Boomerangerhttps://www.blogger.com/profile/02424677168216647964noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87241393636410552092010-08-11T10:06:55.126-04:002010-08-11T10:06:55.126-04:00“China has moved to liberalise its gold market fur...“China has moved to liberalise its gold market further, increasing the number of banks allowed to trade bullion internationally and announcing measures that will encourage development of gold-linked investment products. <br /><br />The move by Beijing’s central bank comes as the country’s investors pour record amounts of money into gold, in a trend that is becoming a significant factor on global Bigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-54072930236416420112010-08-11T08:00:06.334-04:002010-08-11T08:00:06.334-04:00Dave Fairtex,
Left unaddressed is my goal of obta...Dave Fairtex,<br /><br /><i>Left unaddressed is my goal of obtaining a consistent study of the different longer term monetization cases and how effective the international bond market was historically in restraining the monetizer. I realize that's not something you can just cook up in a 5 minute response, although I was kind of hoping you might have it lying around somewhere.</i><br /><br />Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90010607168139552282010-08-11T07:50:56.354-04:002010-08-11T07:50:56.354-04:00OECD,
Why was Britain, an international debt junk...OECD,<br /><br /><i>Why was Britain, an international debt junkie after WW2, able to inflate its debts away? According to I&S, an international debt junkie like the UK, at the knees of international creditors, should have been locked in a deflationary straight-jacket after world war 2. That obviously didn't happen. The economy grew and the pound was devalued and the creditors sucked it upStoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53909257280722983052010-08-11T04:53:02.592-04:002010-08-11T04:53:02.592-04:00So Robert Gibbs thinks the Left needs to be drug t...So Robert Gibbs thinks the Left needs to be drug tested does he? Ha! He thinks we are crazy for calling Obama on breach of campaign promises does he?<br />Hm-m...perhaps he's drumming up a gov't contract for a friend with a blood lab. <br />Oh hell, Gibbs, why stop there. Drug test every voter before they cast a ballot. That should fund a campaign or two.<br />Gibbs describes his comment scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87555562112363761682010-08-11T03:30:54.594-04:002010-08-11T03:30:54.594-04:00Starcade, I DO believe that when the bread stops c...<a rel="nofollow">Starcade</a>, I DO believe that when the bread stops coming, and people can no longer watch the circuses on TV/Internet because they're homeless or the power's off, there will be mass disorder. Starting first in Los Angeles (didn't you say you live in that area?) That's part of the reason why we buggered off from the U.S.<br /><br />But every country will not Bukko Boomerangerhttps://www.blogger.com/profile/02424677168216647964noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90064184730876139362010-08-11T00:09:23.078-04:002010-08-11T00:09:23.078-04:00Michael Ruppert's tribute to Matt Simmons.
.Michael Ruppert's <a href="http://www.collapsenet.com/index.php?option=com_content&view=article&id=1298%20&Itemid=103" rel="nofollow">tribute</a> to Matt Simmons.<br />.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29687155622259253022010-08-10T23:32:20.679-04:002010-08-10T23:32:20.679-04:00@OECD:
Regarding the UK and a theoretical deflat...@OECD: <br /><br />Regarding the UK and a theoretical deflationary straight jacket:<br /><br />To figure out if we're in deflation or not, we have to examine net bank credit and compare that to net money printing, since bank credit represents the bulk of money in an economy. Perhaps during that period of time in the UK, bank credit was increasing, not decreasing, so no deflation would have Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53285225290548546552010-08-10T23:04:13.904-04:002010-08-10T23:04:13.904-04:00Stoneleigh,
Thanks for the reply. Some thoughts....Stoneleigh,<br /><br />Thanks for the reply. Some thoughts.<br /><br /><i>Debt monetization (as in the Japan, UK and US examples you cite) does not increase the effective money supply in a deflation. Credit destruction proceeds faster, and the lesser amount of credit created does not end up circulating in the economy. Banks are sitting on it.</i><br /><br />The lesser amount of credit created Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28008491573624716242010-08-10T22:14:33.082-04:002010-08-10T22:14:33.082-04:00Stoneleigh
your comments would be greatly appreci...Stoneleigh<br /><br />your comments would be greatly appreciated regarding the following<br /><br />it seems like everyone is engaged in what Adam Smith would classify as unproductive labour. everyone is either a teacher, lawyer, nurse, health care practitioner, civil servant, FIRE sector employee. <br /><br />you have commented in previous posts how we basically just take every ones laundry out.Unknownhttps://www.blogger.com/profile/00391757141324075208noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-75305713273048904492010-08-10T21:18:39.551-04:002010-08-10T21:18:39.551-04:00Greyzone:
Karl and his ilk are too late on the sc...Greyzone:<br /><br />Karl and his ilk are too late on the screaming junkies.<br /><br />I'd openly suggest they start shooting those they believe unfit first, and "get it on", as it were.<br /><br />You really need to read some of their stands ...<br /><br />You either shoot the junkie you KNOW will be violent, or be killed by same.Starcadehttps://www.blogger.com/profile/09226367306835781483noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90936567475430973062010-08-10T21:13:39.109-04:002010-08-10T21:13:39.109-04:00Bukko: And the same reason my personal doom hasn&...Bukko: And the same reason my personal doom hasn't come to pass is the same reason that it hasn't come to pass generally.<br /><br />You see, Bukko (and that's only said because it's your moniker, not that I'm mad at you), the whole shooting match has been built on this same Ponzi Scheme/Bezzle/whatever you wish to call it.<br /><br />It's basically the same kind of thingStarcadehttps://www.blogger.com/profile/09226367306835781483noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17760659079811227522010-08-10T20:37:25.098-04:002010-08-10T20:37:25.098-04:00A passing phrase to go through:
monetary induced ...A passing phrase to go through:<br /><br /><i>monetary induced inflation as apart from general price increase induced inflation</i>scrofuloushttps://www.blogger.com/profile/01085471693372823086noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-60154188004271348902010-08-10T20:10:14.657-04:002010-08-10T20:10:14.657-04:00Ilargi may want to use this article at some point ...Ilargi may want to use this article at some point but if not today's article in the New York Times is in the right hand column under most read articles..<br /><br />'America goes dark' - Yikes.carpe diemhttps://www.blogger.com/profile/14488224761512097840noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-37736440528749020212010-08-10T19:00:17.073-04:002010-08-10T19:00:17.073-04:00TAE theory invalidated.
Why was Britain, an inter...TAE theory invalidated.<br /><br />Why was Britain, an international debt junkie after WW2, able to inflate its debts away? According to I&S, an international debt junkie like the UK, at the knees of international creditors, should have been locked in a deflationary straight-jacket after world war 2. That obviously didn't happen. The economy grew and the pound was devalued and the cherylhttps://www.blogger.com/profile/11279906472620449983noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48704921644122458632010-08-10T18:22:49.851-04:002010-08-10T18:22:49.851-04:00The historical significance of people seems to be ...The historical significance of people seems to be diminishing with time, as progenitors emanating from the past have a definitive expanding influence on the present, but not reversed, and depending on how little future is attainable, our actions may indeed have no recordable effect on subsequent human events when those may never transpire, in a singular compactified ending of historical Gravityhttps://www.blogger.com/profile/09126443076478406015noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-42574237773317876992010-08-10T17:33:42.480-04:002010-08-10T17:33:42.480-04:00Despite our hosts' sincerest efforts, we'l...Despite our hosts' sincerest efforts, we'll be hearing a lot about foodflation or agflation.<br /><br />When all pricing movements are erroneously seen as a direct function of money supply, the expectations resulting from dynamic scarcity in currency or credit tend to supersede all conceptions of supply-demand functions inherent to goods and services, whose interrelations encompass more Gravityhttps://www.blogger.com/profile/09126443076478406015noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-74385131325459863912010-08-10T16:24:37.710-04:002010-08-10T16:24:37.710-04:00Remember that reported incident where the governme...Remember that reported incident where the government, being rightfully concerned about toxicity thresholds, directly and repeatedly ordered BP and its subordinate spraying company to cease spraying dispersant, only they didn't and refused?<br /><br />The very instance that they disobeyed and continued spraying after being explicitly ordered not to, they surely became party in a grievous Gravityhttps://www.blogger.com/profile/09126443076478406015noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-14406415197479795372010-08-10T15:40:20.350-04:002010-08-10T15:40:20.350-04:00‘Buy and Bail’ Homeowners Get Past Fannie, Freddie...<a href="http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=a.3qoVZwXH0I" rel="nofollow">‘Buy and Bail’ Homeowners Get Past Fannie, Freddie Loan Hurdles</a>Bigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-84566757793641310792010-08-10T15:05:11.478-04:002010-08-10T15:05:11.478-04:00Well, john patrick, some of us never had to do the...Well, john patrick, some of us never had to do the 5 stages of grief thing. The real problem is and was the accumulation of debt to support an unsustainable lifestyle. We're either at or very close to the end of that nonsense and that end cannot come too soon.<br /><br />We face ecological issues on a scale that most simply appear incapable of even imagining. To address these we will need to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9906240115334086752010-08-10T14:56:58.659-04:002010-08-10T14:56:58.659-04:00If it is not already planned, a robust FAQ section...If it is not already planned, a robust FAQ section would be great in the new website. The primers are important, but sometimes they are overwhelming. In the past couple of days, both Stoneleigh and Ilargi have posted concise answers to specific (and frequent) questions. It would be great to see them collected. I particularly look forward to one of the categories being Cookie Inflation.Rubenhttps://www.blogger.com/profile/02014088125645527610noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29969721251902250902010-08-10T14:29:59.839-04:002010-08-10T14:29:59.839-04:00Steve from Virginia said:
Hyper- inflation is a c...Steve from Virginia said:<br /><br /><i>Hyper- inflation is a currency phenomenon rather than a credit phenomenon - credit by its existence is a hedge against hyper- inflation and any inflationary 'money' expansion/increase represents capital shifted into credit.</i><br /><br />Not really.<br /><br />Hyper-inflation is a <b>confidence</b> phenomenon. When the masses lose confidence in theVentriloquisthttps://www.blogger.com/profile/17710882943614273994noreply@blogger.com