PeakOil is You
Hard Crash Soft Crash, Fast Crash Slow Crash Pt 2 (merged)
Re: Fast Crash!
by Daniel_Plainview » Wed 19 Nov 2008, 22:54:24
$this->bbcode_second_pass_quote('PenultimateManStanding', ' ')This isn't a financial crisis anymore, this is systemic.
Or perhaps we're experiencing a systemic financial crisis?
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Daniel_Plainview - Prognosticator
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Re: Fast Crash!
by Atlantean_Relic » Wed 19 Nov 2008, 23:06:55
In the coming times there will be three kinds of people, heroes, monsters, and the dead. Only the dead will have the luxury of certainty.
Was a long and dark December
When the banks became cathedrals
And the fog
Became God
When the banks became cathedrals
And the fog
Became God
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Atlantean_Relic - Tar Sands
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Re: Fast Crash!
by flapjax » Wed 19 Nov 2008, 23:22:02
$this->bbcode_second_pass_quote('cbxer55', 'A')nd if your state laws allow, get a concealed weapon license and carry it with you 24/7. Crime is already on the rise, and going to get much worse. Not to mention them unruly pets.
I do not leave home without my .45 and at least two spare magazines of ammo.
Better to have it and not need it, than to need it and not have it!
I do not leave home without my .45 and at least two spare magazines of ammo.
Better to have it and not need it, than to need it and not have it!
If you live in Oklahoma, look out for this guy. He wears contacts, a hearing aid, drives a motorcycle, thinks he is freaking Tom Cruse, waves an American flag, and walks around real big with his "45 and two mags".
I hope you don't confuse that nice neighbor of yours for a zombie, cbxer55.
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Re: Fast Crash!
by PenultimateManStanding » Wed 19 Nov 2008, 23:31:00
$this->bbcode_second_pass_quote('cbxer55', '
')HEY! Now that my wife is out of work, and I am soon to be out of work, your optimism is appreciated! I had a good interview today, she has one tomorrow. Wonder how long these jobs will last?
Well what can I say? Greek shipping companies are sending out the order to cargo ships on the seas to cut their speed in half because there are no return cargoes to load. Japanese cars are piling up on the docks with no market. Orders for new cargo ships are being canceled left and right at great loss to deposits. The list goes on and on. Trouble everywhere. Downturn or collapse? I guess we'll know before too long.')HEY! Now that my wife is out of work, and I am soon to be out of work, your optimism is appreciated! I had a good interview today, she has one tomorrow. Wonder how long these jobs will last?
Turn those Machines back On! - Don Ameche in Trading Places
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PenultimateManStanding - Expert
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Re: Fast Crash!
by patience » Thu 20 Nov 2008, 09:25:11
Watch the bond markets. Germany had a failed bond auction recently, as did the US. Other countries are cancelling bond auctions for lack of demand. When a nations funding is cut off, it's the end of the game for them.
For ourselves, our Treasury holdings are being liquidated at the moment, heading for practical, useful commodities.
I am convinced that the discussion is no longer academic, it is real-time, in-your-face, falling-apart-at-the-seams. Much faster than GD 1.0. Hate to sound like chicken little, but that's what I see, although there is a lot of momentum to the system that will let the world stumble on down the path for a while. The financials, though are done. Stick a fork in'em.
For ourselves, our Treasury holdings are being liquidated at the moment, heading for practical, useful commodities.
I am convinced that the discussion is no longer academic, it is real-time, in-your-face, falling-apart-at-the-seams. Much faster than GD 1.0. Hate to sound like chicken little, but that's what I see, although there is a lot of momentum to the system that will let the world stumble on down the path for a while. The financials, though are done. Stick a fork in'em.
Local fix-it guy..
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Cornies and fast crash go hand in hand.
by Quinny » Wed 28 Oct 2009, 03:25:16
Seeing and experiencing what's happening in the world and listening to the cornies on here, I'm starting to think that they may well be correct in many of their assumptions that the system will continue to grow. This seems to defy logic, but the dislocation between real wealth and financial wealth is such that the corrupt world we inhabit may continue on a BAU path as long as it can.
The problem is that the resource issues and real wealth have to come into line at some stage and the longer and further they diverge, the harder and faster the crash will come.
The paradox is, that in arguing that PO is not going to significantly effect our lives, they justify a no-change approach that will actually take us over a higher and steeper drop.
Ironically the actions of doomers who are prepping will in general tend to mitigate the effects of PO.
The problem is that the resource issues and real wealth have to come into line at some stage and the longer and further they diverge, the harder and faster the crash will come.
The paradox is, that in arguing that PO is not going to significantly effect our lives, they justify a no-change approach that will actually take us over a higher and steeper drop.
Ironically the actions of doomers who are prepping will in general tend to mitigate the effects of PO.
Live, Love, Learn, Leave Legacy.....oh and have a Laugh while you're doing it!
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Quinny - Intermediate Crude
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Re: Cornies and fast crash go hand in hand.
by cipi604 » Wed 28 Oct 2009, 03:34:20
I'm waiting for head-fake #2 . If it goes bad, the industry will go bad. I think it will go bad.
Agriculture is on the list.
Pas de nourriture sans agriculture.
Agriculture is on the list.
Pas de nourriture sans agriculture.
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Re: Cornies and fast crash go hand in hand.
by shortonsense » Wed 28 Oct 2009, 15:21:51
$this->bbcode_second_pass_quote('Quinny', '
')The paradox is, that in arguing that PO is not going to significantly effect our lives, they justify a no-change approach that will actually take us over a higher and steeper drop.
')The paradox is, that in arguing that PO is not going to significantly effect our lives, they justify a no-change approach that will actually take us over a higher and steeper drop.
It strikes me that change is already happening, ranging from fewer cars being built, a good thing, people using less fuel which keeps leading to higher inventories of everything from fuel for home heating to gasoline
http://www.msnbc.msn.com/id/12400801/ns ... nd_energy/
new electrical generation coming from wind, a decent recession teaching people something hopefully they will remember as long as I have the ones in the 70's and early 80's, along with the attendant lessons of living close to work, don't buy SUV's and F150's just for fun because someday, save some cash, don't fall for snake oil mortgages, it might hurt, etc etc.
Heck, its transition central as best I can tell. Next up is alternative trnsport, that might require another peak oil or peak price shock, but its obviously next up in the batters box. And its the game changer as well, efficiency from hybrids is nice, but EV's and PHEV's can go cold turkey on crude, which is what most commuting Americans actually need.
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