tag:blogger.com,1999:blog-4921988708619968880.post8117450831371412439..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, April 21 2008: Hordes of pitchforksIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-4921988708619968880.post-91676250441754839702008-04-21T22:29:00.000-04:002008-04-21T22:29:00.000-04:00I just returned home from a Green Party meeting in...I just returned home from a Green Party meeting in Guelph,Ontario,Canada. A byelection will be called and we are starting our campaign now! Lots of good folks coming from all over the country to help. We have a fantastic candidate, Mike Nagy. We truly do have a chance to elect the first Green MP. If you want to participate watch the news, come to help us. We will be arranging housing for those scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29968152626075675752008-04-21T19:22:00.000-04:002008-04-21T19:22:00.000-04:00stoneliegh, I honestly hope you're right. Really ...stoneliegh, I honestly hope you're right. Really I do. Hyperinflation punishes those who have been most prudent and rewards those most profligate. I've always tried to manage my finances so that I'm never in debt (my parents are the same), while most of my net worth is in property (I should have it sold already), I would happily accept the notional loss in the property value if it meant I sjnhttps://www.blogger.com/profile/12755222430954182753noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17346789327416186762008-04-21T18:39:00.000-04:002008-04-21T18:39:00.000-04:00We may see hyperinflation eventually, once the int...We may see hyperinflation eventually, once the international debt financing model is well and truly broken, but first we face credit deflation. As deflation and depression reinforce each other, that downward spiral should last for quite some time.<BR/><BR/>If governments were to print money now, the cost of government borrowing would go through the roof, forcing all interest rates up so high thatStoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-37739019957896511392008-04-21T18:32:00.000-04:002008-04-21T18:32:00.000-04:00I already have 250# of rice and a bunch of other s...I already have 250# of rice and a bunch of other staples at home, but I'm on the road to New England to work on a renewable energy thing. What happens if this all lets go when I'm far, far from home? Yuck ...<BR/><BR/> -Iowa BoyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-65838739974230621202008-04-21T18:15:00.000-04:002008-04-21T18:15:00.000-04:00GreyZone, the collapse of the Pound you refer to w...GreyZone, the collapse of the Pound you refer to will be a hyperinflationary collapse. That's the mechanism by which currencies lose value to each other. In order for people in the UK (like myself) to have access to globally traded commodities is going to take ever more money. That cash has to come from somewhere. It will be printed.<BR/><BR/>The BBC is reporting that the action of the BoE has sjnhttps://www.blogger.com/profile/12755222430954182753noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-13400669302536951422008-04-21T16:51:00.000-04:002008-04-21T16:51:00.000-04:00Jeffrey,What the BOE is doing is nationalizing Bri...Jeffrey,<BR/><BR/>What the BOE is doing is nationalizing British banks by effectively buying interest in them. When someone gives you money with no effective payback date that you know you cannot repay, they are buying interest in your company. To see this any other way beggars the imagination.<BR/><BR/>But what will come of this? Inflation? I don't see how. They are not printing and EU interest Greyzonehttps://www.blogger.com/profile/03675706201111951125noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-91703270337481778512008-04-21T16:41:00.000-04:002008-04-21T16:41:00.000-04:00As I told someone else on another website, yeah, t...As I told someone else on another website, yeah, this may be showtime. Not only is the financial system imploding but the oceanic hydrates are starting to outgas as well as grain shortages becoming critical. Oil has shot through the $117 barrier (for WTI) and even hit $124 for TAPIS while global production of C&C remains very, very flat. And then we have the entire Middle East cauldron brewing Greyzonehttps://www.blogger.com/profile/03675706201111951125noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8184053934801793082008-04-21T16:37:00.000-04:002008-04-21T16:37:00.000-04:00Wouldn't this plan by the BOE be a large step towa...Wouldn't this plan by the BOE be a large step toward hyperinflation?<BR/><BR/>Jeffrey Brownwestexashttps://www.blogger.com/profile/13648669299354997219noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43474879847444928402008-04-21T15:24:00.000-04:002008-04-21T15:24:00.000-04:00A new disparaging term for ABCP: "acid backed comm...A new disparaging term for ABCP: "acid backed commercial paper". It was windy, and my friend mis-heard me.JWhitlandhttps://www.blogger.com/profile/16536966001385545913noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5717625796311295212008-04-21T14:31:00.000-04:002008-04-21T14:31:00.000-04:00Your update on rice has just convinced me to get t...Your update on rice has just convinced me to get the last 300 lb had planned for.I think its starting now.The summer will be rocky,and next winter,badAnonymousnoreply@blogger.com