tag:blogger.com,1999:blog-4921988708619968880.post8774651904342654564..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: July 20 2009: CocksureIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger94125tag:blogger.com,1999:blog-4921988708619968880.post-77353792666612346962009-07-21T22:46:36.016-04:002009-07-21T22:46:36.016-04:00New post up.New post up.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-16989417145255289082009-07-21T22:43:14.454-04:002009-07-21T22:43:14.454-04:00I don't usually post, but Skep's example w...I don't usually post, but Skep's example with Japan is just begging an obvious answer which hasn't been supplied.<br /><br />This isn't Japan. Japan had an export economy, exporting to a world where there was demand for its products. That's no longer the case. We'll have to see how they do, but so far it doesn't look pretty.<br /><br />And the U.S. can't rely on Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-32748091381906506402009-07-21T22:39:51.135-04:002009-07-21T22:39:51.135-04:00Did anyone else see Ben Bernanke define inflation ...Did anyone else see Ben Bernanke define inflation in terms of price and not of money supply?<br /><br />It occurred when he was being questioned by Ron Paul.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5696782342147226652009-07-21T21:23:51.191-04:002009-07-21T21:23:51.191-04:00Looks like China will get letting go of the dollar...Looks like China will get letting go of the dollar sooner than people think.<br /><br />http://moneynews.newsmax.com/streettalk/currency/2009/07/17/236852.htmlArnoldhttps://www.blogger.com/profile/13838639212536724344noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-31157178097756523952009-07-21T20:47:36.124-04:002009-07-21T20:47:36.124-04:00Jal - You bet, it seem likely that J6P will get p...Jal - You bet, it seem likely that J6P will get poor, then get hungry, then get mean!<br /><br />Bluebird - I hope there is at least some permanent jobs resulting from some of these projects, but I wish they were building a rail line, wind farm or a solar array, etc. with the billions!<br /><br />By the way, I love the bike trail from Xenia to Cincy along the Little Miami. Good ride!Hombrehttps://www.blogger.com/profile/12930734368916487826noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-47111092071770327692009-07-21T20:41:30.413-04:002009-07-21T20:41:30.413-04:00Sadly, the first article seems to encapsulate the ...Sadly, the first article seems to encapsulate the mentality of our <i>managers</i>.Earnest Luxhttps://www.blogger.com/profile/00054054464481018004noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28950091399352331492009-07-21T20:40:04.900-04:002009-07-21T20:40:04.900-04:00Caith,
Good quality solar stores indefinitely....Caith,<br /><br /> Good quality solar stores indefinitely. [Store in dark place]Concentrate on careful storage of high-quality goods ,seed especially,[if you intend to stay in England.]If you wish to stay mobile,use those pots on a "bunch" of full dwarf trees.You can keep them potted indefinitely...but will get the best yield after getting in the ground<br /><br /> ....Network... snuffynoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-52103720044085534322009-07-21T20:06:55.230-04:002009-07-21T20:06:55.230-04:00Jal,
I think you are right about the private en...Jal,<br /><br /> I think you are right about the private enterprise running the, ahm, hot money enterprise. Government just can't be trusted.<br /><br /> Wind farms is also a good idea. I have no objections just as long as giant oil companies end up owning them.team10timhttps://www.blogger.com/profile/12100467801841348435noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-59318656091887698562009-07-21T19:55:40.649-04:002009-07-21T19:55:40.649-04:00Coy Ote - If the people building that $1.5B sports...Coy Ote - If the people building that $1.5B sports complex don't default, perhaps they will be putting unemployed people back to work. <br /><br />We have lots of building in SW Ohio, between Cincinnati and Dayton. Huge new mall of discount stores, new hospitals, development of a new interchange due to propose buildup of even more retail stores and business, more building at colleges and bluebirdhttps://www.blogger.com/profile/09600634086150466162noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-26182357786914526432009-07-21T19:46:32.732-04:002009-07-21T19:46:32.732-04:00I’ve got a better idea!
I’ll start a company to b...I’ve got a better idea!<br /><br />I’ll start a company to build wind farms. Borrow the money from the gov. Build the windfarms. Go bankrupt. The gov. would seize the farms. Sell the farms to the coal electric generating power plants.<br />Then, the CO2 can keep getting produced because they would have the “green credits”. The banksters would love it. Think of the many ways that they would get a jalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80732493850633057682009-07-21T19:33:03.445-04:002009-07-21T19:33:03.445-04:00@ team10tim
Great idea! Do you think that they cou...@ team10tim<br />Great idea! Do you think that they could buy new cars and use them for target practice.<br />jaljalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87008286290767523402009-07-21T19:29:40.495-04:002009-07-21T19:29:40.495-04:00Hi Coy Ote!
Even CNN played down Barofsky’s repo...Hi Coy Ote! <br /><br />Even CNN played down Barofsky’s report of 24T as if it was no problem because all that money will not or could not be due all at once.<br /><br />SEEEEE! J6P has nothing to worry about.<br /><br />The joke is on the finance/bankers <br />J6P is broke and you cannot get blood out of a stone.<br />He doesn't give a dam about the bankers.<br />hehehe<br /><br />(He's jalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-13149611272939184462009-07-21T19:29:04.288-04:002009-07-21T19:29:04.288-04:00Scepticus, VK, Greyzone,
I just can't resis...Scepticus, VK, Greyzone,<br /><br /> I just can't resist any longer. There is a much easier way to combat deflation. Counterfeiting. The govenrment needs to print money and get that money into circulation, but is constrained by the bond and currency markets. What it needs to do is print, but without letting anyone know that it is printing.<br /><br /> The CIA can set up lots of front team10timhttps://www.blogger.com/profile/12100467801841348435noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-76649770746700798672009-07-21T19:26:39.634-04:002009-07-21T19:26:39.634-04:00The arm chair pipe dreams of Scepticus are about a...The arm chair pipe dreams of Scepticus are about as likely to actually be tried <i>anywhere</i> in the reality based community as Flying Monkeys would be shooting out our collective butt.<br /><br />They belong in the 'how many Angels can dance on the head of a pin' category.<br /><br />They have zero practical chance of even being test balloons, much less test projects.<br /><br />The Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-60713132555417006652009-07-21T19:19:31.574-04:002009-07-21T19:19:31.574-04:00anon 6:58
True, support local intertainers (espec...anon 6:58<br /><br />True, support local intertainers (especially since I am, or have been one.) But are there no limits?<br /><br />$1,500,000,000 for a sports stadium with unemployment skyrocketing?<br /><br />(I just re-checked and it's a proposed 1.5B )Hombrehttps://www.blogger.com/profile/12930734368916487826noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-83825247137514757502009-07-21T18:58:46.541-04:002009-07-21T18:58:46.541-04:00Entertainment in a depression becomes very importa...Entertainment in a depression becomes very important.<br /><br />However, this could also be local entertainment, not just Hollywood stuff.<br /><br />Support your local entertainers, they are vital to keeping the flame of local culture alive to.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-16355489810067220922009-07-21T18:58:11.241-04:002009-07-21T18:58:11.241-04:00Do not feed the troll.
Finally somebody is trying...<i>Do not feed the troll.</i><br /><br />Finally somebody is trying to look at the deflation story from another angle and he gets called a troll! Scepticus, please keep posting here, you make the comments much more interesting. I am not sure I buy your story - yet - but it makes a good argument.<br /><br />End of the day, all this is untried stuff, god knows where it would lead to. <br /><br />suicide kittenhttps://www.blogger.com/profile/17408400877982293895noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-21570237402250924092009-07-21T18:52:43.296-04:002009-07-21T18:52:43.296-04:00I don't find your hand waving to be convincing...I don't find your hand waving to be convincing, Skepticus. And I am not the one calling for tens of trillions of dollars in monetization - you are. So don't pretend that this is my position. It's your position. Further, it's not a "least little bit" of monetization either. It would be the single largest monetization in the history of the world. Nothing like playing fast Greyzonehttps://www.blogger.com/profile/03675706201111951125noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89894088370405375252009-07-21T18:49:06.381-04:002009-07-21T18:49:06.381-04:00Jal 6:23
"...the mainstream news medias are ...Jal 6:23<br /><br />"...the mainstream news medias are reenforcing the message..."<br /><br />I just witnessed that many times over on the Indianapolis local channel 13 news. "recession has bottomed" ... " Things can only get better now" ... etc.<br /><br />And such extravagances as this "...Westfield to build 1.2 billion dollar sports complex!"<br /><br />Hombrehttps://www.blogger.com/profile/12930734368916487826noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-92161493416405395212009-07-21T18:48:41.102-04:002009-07-21T18:48:41.102-04:00takes down an inflationist of the exact sort which...<i> takes down an inflationist of the exact sort which all you so called deflationists inexplicably seem to mutate into when monetisation is mentioned. </i><br /><br />I think septicus has had more than his fifteen minutes.<br /><br />Do not feed the troll.Brunswickianhttps://www.blogger.com/profile/06949802110340956509noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-78985112557613349252009-07-21T18:38:11.174-04:002009-07-21T18:38:11.174-04:00@VK The last two Harry Potter movies are already i...@VK The last two Harry Potter movies are already in production. Given the popularity of escapist entertainment in hard times, they'll get released. It's not like they don't have cash flow right now after all.Frankhttps://www.blogger.com/profile/11752307987743035281noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-73472154118607677882009-07-21T18:23:38.076-04:002009-07-21T18:23:38.076-04:00What do you think J6P is thinking?
The gov. is te...What do you think J6P is thinking?<br /><br />The gov. is telling us that the worst is over, the mainstream news medias are reenforcing the message, the stock market is going up and the investment advisors are saying the worst is over.<br /><br />A few bloggers are saying "The sky is falling".<br /><br />J6P is going to believe the mainstream media.<br /><br />Those unemployed have justjalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-75898840892872360912009-07-21T18:07:59.656-04:002009-07-21T18:07:59.656-04:00All those expecting monetisation to result in majo...All those expecting monetisation to result in major western economys turning into zimbabwe within the year need to watch this video in which hugh hendry, a very smart man indeed, takes down an inflationist of the exact sort which all you so called deflationists inexplicably seem to mutate into when monetisation is mentioned.<br /><br />Not only does he state he'll keep buying UK bonds, he Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-69623604540210103032009-07-21T18:00:05.905-04:002009-07-21T18:00:05.905-04:00I have zero formal financial background, so please...I have zero formal financial background, so please bear with me during this comment.<br /><br />Greyzone stated:<br /><br /><i>Question, let's assume government does print up all this cash. If it simply sits in the reserves of banks as you argue there is no velocity to this money, it is doing NOTHING, and there is no economic activity from it. No effect and therefore no recovery.</i><br /><brthethirdcoasthttps://www.blogger.com/profile/02828310354952426682noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-6369427499238865782009-07-21T17:44:19.567-04:002009-07-21T17:44:19.567-04:00One more thing - the japanese could have raised ba...One more thing - the japanese could have raised bank reserves as they went about turning debt money into high powered money and it would have made no difference to the outcome in japan at all.<br /><br />Now they chose not to do that and what happened is all those high powered yen got lent out abroad, and caused inflation abroad. <br /><br />Because no-one in japan wanted to borrow yen, raising Anonymousnoreply@blogger.com