tag:blogger.com,1999:blog-4921988708619968880.post7093628042097467660..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, September 17 2008: The centre cannot holdIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger111125tag:blogger.com,1999:blog-4921988708619968880.post-8703500825222981082008-09-19T19:41:00.000-04:002008-09-19T19:41:00.000-04:00This entire catastrophe highlights the now-common ...This entire catastrophe highlights the now-common American response to any problem - 'It's not my responsibility.' <BR/><BR/>From the stupid greedy buyers of over-priced homes to the suited-monkeys blindly driving the massive financial institutions, their actions are the same - gimme gimme any and all profits, and it's not my problem when it tanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53284006917321134452008-09-18T15:23:00.000-04:002008-09-18T15:23:00.000-04:00Gee insider if you are going to stick around in ye...Gee insider if you are going to stick around in yesterday I will talk to you but remember I am just the janitor around here so if you lose an argument with me you lose big time.<BR/><BR/>Okay I buys me a house and in these turbulent times nail my ass to that floor. Do I or don't I? Mobility is the watchword for turbulent times.<BR/>Tell me that isn't so.<BR/><BR/>igzAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-45524630714874769022008-09-18T15:10:00.000-04:002008-09-18T15:10:00.000-04:00The other day, Stoneleigh said that in preparation...The other day, Stoneleigh said that in preparation for the coming financial and systemic meltdown, most people would be best served by renting, rather than owning, their residence: I disagree.<BR/><BR/>Consider:<BR/>- If we really do have a total collapse of the financial and payment systems, which is more likely to evict you and/or wring money out of you, a mortgage servicer who is servicing Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-78495447413916191032008-09-18T14:56:00.000-04:002008-09-18T14:56:00.000-04:00Oops even the best of us get things wrong, what yo...Oops even the best of us get things wrong, what you want is 'today'. There may be no tomorrow:)<BR/><BR/>igzAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-216451699861365002008-09-18T14:54:00.000-04:002008-09-18T14:54:00.000-04:00Hey insider you are on the wrong page again this i...Hey insider you are on the wrong page again this is yesterday, you want tomorrow. If you would like me to copy and paste your stuff over let me know.<BR/><BR/>igz.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79445535754771931452008-09-18T14:26:00.000-04:002008-09-18T14:26:00.000-04:00On the CDS issue: I&S seem to delight in point...On the CDS issue: I&S seem to delight in pointing out the trillions of dollars of CDS (notional) in the 'shadow banking system', generally with the accompanying claim that it is about to lead the world into disaster as it is all double counted, etc.<BR/><BR/>Well, over the past few days, many trillions of notional of all sorts of swaps have been unwound or netted out/paired off Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8642291421771130602008-09-18T14:21:00.000-04:002008-09-18T14:21:00.000-04:00Correcting a serious error: In recent days, one of...Correcting a serious error: In recent days, one of the various intro posts to the news claimed that the SEC had again banned short selling of the financials; presumably (though I didn't read it), this person also claimed the same ban on shortselling a few weeks ago.<BR/><BR/>However, this is grossly incorrect: the SEC banned *naked* shorting; you can still take a short position in any equity you Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-38944914832601577502008-09-18T14:16:00.000-04:002008-09-18T14:16:00.000-04:00Yup, very busy. Nice to see so many busy here dis...Yup, very busy. Nice to see so many busy here discussing complex things with half-truths and exaggerations.<BR/><BR/>Some thought questions: can you have simultaneous deflation and inflation? How is it different to create money through lending verus printing? When you 'print' money, where does it really come from? For that matter, where does money itself come from? How does market Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89607913387246546812008-09-18T13:23:00.000-04:002008-09-18T13:23:00.000-04:00ebrown said:I second what OC said. I do get it. It...ebrown said:<BR/><BR/><I>I second what OC said. I do get it. It's worth it to me to start building up a place where we can meet many of our own needs.</I><BR/><BR/><BR/>Sorry to shake your tree, I was just checking for squirrels and there seems to be none:)<BR/><BR/>By the way the Scott Nearing mentioned above I think is the same guy I heard about in the 80's who had left politics , I believe he Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-82201623911272764682008-09-18T12:52:00.000-04:002008-09-18T12:52:00.000-04:00dark_matter said: Do we aid them all, and thus h...dark_matter said:<BR/><BR/> <I>Do we aid them all, and thus help the able but unwilling? Or do we aid none, and hurt the willing but unable.</I><BR/><BR/>And besides how do we judge? The surly layabout's mooching is likely just our reward for not giving a shit how he got that way in the first place.<BR/><BR/>igz.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-93642040631338932008-09-18T12:28:00.000-04:002008-09-18T12:28:00.000-04:00dark_matter said:I believe in helping other people...dark_matter said:<BR/><BR/><I>I believe in helping other people and "sharing my pizza". I just don't believe in the federal government "making sure" that I do it.</I><BR/><BR/>Good for you. However, the vast majority of people will not share their pizza, and American citizens will starve, literally and figuratively. Some would say they get what they deserve. For every person that is mooching off Unknownhttps://www.blogger.com/profile/16632600430004147895noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-18139453161239083392008-09-18T12:00:00.000-04:002008-09-18T12:00:00.000-04:00D.M.:"I believe in helping other people and "shari...D.M.:<BR/>"I believe in helping other people and "sharing my pizza". I just don't believe in the federal government "making sure" that I do it."<BR/><BR/> No government "made sure" that the farmer's cooperatives in Western Canada functioned. They shared and grew together of necessity. <BR/> Time and circumstance seem to be on a track to restoring that necessity.The Lizardhttps://www.blogger.com/profile/12044779666881689690noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-10057676404613491312008-09-18T11:55:00.000-04:002008-09-18T11:55:00.000-04:00Orlov on survival:http://tinyurl.com/3zodj4"And so...Orlov on survival:<BR/><BR/>http://tinyurl.com/3zodj4<BR/><BR/>"And so collapse, for you, is likely to turn out to be a deeply personal experience. Furthermore, if you manage to survive it, chances are, you will be none to eager to divulge the details of how you made it, for they will not be edifying. The process of survival is only enjoyable if it is experienced vicariously -- at someone else's The Lizardhttps://www.blogger.com/profile/12044779666881689690noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48603280150989414872008-09-18T11:50:00.000-04:002008-09-18T11:50:00.000-04:00hangedman,I believe in helping other people and "s...hangedman,<BR/><BR/>I believe in helping other people and "sharing my pizza". I just don't believe in the federal government "making sure" that I do it. I support many programs on a state and local level that I would not on a national level.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-40533179782171231582008-09-18T11:43:00.000-04:002008-09-18T11:43:00.000-04:00“In 1932, at the height of the Great Depression, H...“In 1932, at the height of the Great Depression, Helen and Scott Nearing moved from their small apartment in New York City to a dilapidated farmhouse on 65 acres in Vermont. For over 20 years, they created fertile, organic gardens, hand-crafted stone buildings, and a practice of living simply and sustainably on the land. In 1952, they moved to the Maine coast, where they later built their last Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-68282104330146315782008-09-18T11:22:00.000-04:002008-09-18T11:22:00.000-04:00I second what OC said. I do get it. It's worth i...I second what OC said. I do get it. It's worth it to me to start building up a place where we can meet many of our own needs. I have done alright with timing changes in the market as far as getting in and out safely, but I don't like it (what it does to me psychologically). I have too little confidence in the long term prospects of the dollar to try to wait until just before the crack-up boomEBrownhttps://www.blogger.com/profile/02894676347259218501noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43568986994820660762008-09-18T11:09:00.001-04:002008-09-18T11:09:00.001-04:00dark_matter:"I don't mean to start a discussion on...dark_matter:<BR/>"I don't mean to start a discussion on the pros/cons of socialism since it is inappropriate on this blog."<BR/><BR/> That wouldn't be a discussion about socialism, it would be a discussion about what we understand simple humane behavior to be.<BR/><BR/> Google "Jesus", "Buddha", "Confucius", etc.The Lizardhttps://www.blogger.com/profile/12044779666881689690noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-2851420888172135022008-09-18T11:09:00.000-04:002008-09-18T11:09:00.000-04:00"Hey look they are trying to land the Hindenburg o..."Hey look they are trying to land the Hindenburg on the deck of the Titanic."<BR/><BR/><BR/>This heard in reference to possibility of Wachovia buying Morgan Stanley<BR/><BR/>igzAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80214947843892969162008-09-18T11:08:00.000-04:002008-09-18T11:08:00.000-04:00The three month T-bill is currently yielding 0.04%...The three month T-bill is currently yielding 0.04%. There's no difference between holding short term treasuries and holding dollar bills.Unknownhttps://www.blogger.com/profile/15089309900399973503noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-27175060875283705592008-09-18T11:06:00.000-04:002008-09-18T11:06:00.000-04:00CR says Baring some strange monster like hyperinfl...CR says <I>Baring some strange monster like hyperinflation<BR/>swooping down use your time to wait on your greatest ally - deflation, haven't you been listening to Stoneleigh? </I><BR/><BR/>Yeah, I get that and I think Ebrown does too. But we (Ms Control and I) would like as much time as possible, while systems like credit cards and access to a world-wide range of products in every small town Farmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-31992633798447679962008-09-18T10:56:00.000-04:002008-09-18T10:56:00.000-04:00CR,The democrats pitch socialism all the time: hea...CR,<BR/><BR/>The democrats pitch socialism all the time: health care, welfare, food stamps, etc. Obama can't deliver on all the promises, but promise he does. A direct quote:<BR/><BR/>"We've got to make sure that people who have more money help the people who have less money," Sen. Obama said. "If you had a whole pizza, and your friend had no pizza, would you give him a slice?"<BR/><BR/>From eachAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49837267306639830532008-09-18T10:50:00.000-04:002008-09-18T10:50:00.000-04:00thehangedmanHo! Nice one and my wife would agree K...thehangedman<BR/><BR/>Ho! Nice one and my wife would agree Kraft should be listed on the DOW. She is an otherwise very sensible and responsible adult but loves Cheese Whiz.<BR/><BR/>BTW I think the S&P 500 is supposed to give a closer picture of the US economy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-61580647162478569332008-09-18T10:30:00.000-04:002008-09-18T10:30:00.000-04:00DOW swaps AIG out for Kraft.http://tinyurl.com/4c5...DOW swaps AIG out for Kraft.<BR/><BR/>http://tinyurl.com/4c5frz<BR/><BR/>If they constantly remove the crashers and replace them with non-crashers, doesn't the meaningfulness of the DOW as an economic indicator lessen quite a bit?<BR/><BR/>Cheese Whiz, folks.The Lizardhttps://www.blogger.com/profile/12044779666881689690noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28769423250732637602008-09-18T10:28:00.000-04:002008-09-18T10:28:00.000-04:00dark_matterNot to be argumentative, but Socialism!...dark_matter<BR/><BR/>Not to be argumentative, but Socialism!?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-2548298582411646672008-09-18T10:20:00.000-04:002008-09-18T10:20:00.000-04:00The comment about Ukraine is also true of Iraq, sa...The comment about Ukraine is also true of Iraq, say my friends who still have family their. People get married, have kids, go to work (if they have a job) and some how life goes on (if you survive and don't move to another country). My comment is that given much of a collapse I expect the Iraqis (and maybe the Ukrainians) treat each other much better than Americans would. From what I am told Anonymousnoreply@blogger.com