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Hard times on the way.

What's on your mind?
General interest discussions, not necessarily related to depletion.

Hard times on the way.

Unread postby I_Like_Plants » Sun 03 Feb 2008, 22:04:46

http://www.atlanticfreepress.com/content/view/3311/81/

Dollar down to 10 to one Euro?

I'd better work on my French and see about getting a boat ticket....
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Re: Hard times on the way.

Unread postby Heineken » Mon 04 Feb 2008, 00:01:40

Well, the financial markets seem to be holding together, for now---even rallying somewhat. We'll just have to see how long the thing can last. No one knows. No one can know. I've read a zillion of these articles and the Big One never seems to happen; the system just keeps patching itself up and rising to new levels of craziness and excess. I have to say I'm impressed by the system's resilience, especially in the midst of the housing implosion. I know that it can't last forever, but speculation as to just when and how it will collapse seems absolutely futile.
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Re: Hard times on the way.

Unread postby wisconsin_cur » Mon 04 Feb 2008, 00:08:32

$this->bbcode_second_pass_quote('Heineken', 'W')ell, the financial markets seem to be holding together, for now---even rallying somewhat. We'll just have to see how long the thing can last. No one knows. No one can know. I've read a zillion of these articles and the Big One never seems to happen; the system just keeps patching itself up and rising to new levels of craziness and excess. I have to say I'm impressed by the system's resilience, especially in the midst of the housing implosion. I know that it can't last forever, but speculation as to just when and how it will collapse seems absolutely futile.


It feels like waiting for Godot.

But given that Godot is 12 foot tall and likes to eat human hearts, play soccer with human heads and makes me scream and cry like a little girl in the night....

I'm willing to wait a little longer.

Go markets!!! RA Ra Ra Ra! Be resilient just a little longer! Me? I'm no one. Ignore the small dog in the corner. Texas Godot, I hear that they are really looking forward to you in Texas...

:oops:

this day has been too long... time to get to bed.
http://www.thenewfederalistpapers.com
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Re: Hard times on the way.

Unread postby Heineken » Mon 04 Feb 2008, 00:23:52

Good weird post, Cur.

As for the day getting too long and the time for bed drawing nigh, I second that emotion!

Also the sense of being nothing. God am I nothing. The whole damn ball is nothing. Remember the end of the movie "Men in Black"?
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Re: Hard times on the way.

Unread postby drgoodword » Mon 04 Feb 2008, 09:17:58

There are a number of factors (besides shadowy and hard-to-prove ones like the PPT) struggling to keep the market alive.

As I mentioned in an earlier post, "The Mutual Fund Factor" will be the cause of a number of mini-rallies on the big slide down, and might even continue to operate after a full-blown crash, until a sufficient number of people cancel their automatic monthly investment withdrawals/deductions.

People also seem to be forgetting that we have only started the bad economic news cycle that will drive the market down this year. Up till last July, the housing and subprime crises were widely considered to be "contained." The key factor affecting the severity of the upcoming economic downturn, consumer spending, only took its first real hit in December. And employment numbers went down only this past month (January).

I believe that only after a number of successive months of bad news--particularly with regards to consumer spending, employment and retail sales--will the market capitulate in a full-blown crash.

I'm still looking to April/May for the big crash, but it could be as late as October of this year.
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Re: Hard times on the way.

Unread postby Zardoz » Mon 04 Feb 2008, 11:57:57

$this->bbcode_second_pass_quote('Heineken', '.')..I've read a zillion of these articles and the Big One never seems to happen; the system just keeps patching itself up and rising to new levels of craziness and excess.

Never underestimate the power of the Plunge Protection Team. Many on this board do.

It's all a gigantic game, folks. We'll play it the way the want us to, for as long as they want us to play it. We can cite all the reasons we want as to why the whole thing is going to explode tomorrow morning, but as long as we have a smoke-and-mirrors virtual global economy based on a phony fiat currency, the game can be manipulated indefinitely.
"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
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Re: Hard times on the way.

Unread postby Heineken » Mon 04 Feb 2008, 15:11:13

Zardoz, the GAME could go on forever, of course, as long as there are living, willing, and able players. But the REALITY will assert itself regardless.

Perfect example is 1920s Germany. Everybody was playing the game, which involved printing billions of marks to pay for a loaf of bread. Went on amazingly long.

Reality ultimately asserted itself, though, and his name was Adolf Hitler.
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Re: Hard times on the way.

Unread postby RedStateGreen » Mon 04 Feb 2008, 21:10:29

$this->bbcode_second_pass_quote('Heineken', '
')Also the sense of being nothing. God am I nothing. The whole damn ball is nothing. Remember the end of the movie "Men in Black"?

You know, I was just thinking of that today ... 8O
$this->bbcode_second_pass_quote('efarmer', '&')quot;Taste the sizzling fury of fajita skillet death you marauding zombie goon!"

First thing to ask: Cui bono?
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Re: Hard times on the way.

Unread postby jboogy » Tue 05 Feb 2008, 00:29:55

Tommy Lee blasted his way out of the roach's guts, he got memory-thingied, morgue girl joined MIB and her and W. Smith drove off. I'm not getting the connection.

I saw something for the first time ever tonight, I'm in line at winn dixie and the young couple in front, checking out, couldn't get the manager to accept their check, I didn't hear what was said but they walked out of the store leaving their groceries.

Also have seen 3 cars on the side of the main road between albany and leesburg, one of them has been there for 3 days and the other 2 for two days, all three have their gas flaps open letting the police know they've run out of gas, but how long does it take to get gas? It's like they ran out and then abandoned their cars. Probably doesn't mean shit, it's just weird, that's all I'm saying.
Perhaps the population would be less swayed to socialism if we had fewer examples of socialism from our "Free Market Capitalists". -----fiddler dave
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Re: Hard times on the way.

Unread postby BigTex » Tue 05 Feb 2008, 00:38:53

We're in a bear market. The stock market will drift lower for months or years, just like it drifted upward for months or years. Hard times may be on the way, but the stock market is behaving about the way one would expect in a bear market.
:)
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Re: Hard times on the way.

Unread postby FreakOil » Tue 05 Feb 2008, 00:48:52

$this->bbcode_second_pass_quote('Heineken', 'W')ell, the financial markets seem to be holding together, for now---even rallying somewhat.


I think the longer we put off the recession/depression, the worse it's going to be, the faster and harder it will crash. It should have started already.

But I could use a few more months so I can get eye surgery.
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Re: Hard times on the way.

Unread postby Heineken » Tue 05 Feb 2008, 01:08:13

$this->bbcode_second_pass_quote('jboogy', 'T')ommy Lee blasted his way out of the roach's guts, he got memory-thingied, morgue girl joined MIB and her and W. Smith drove off. I'm not getting the connection.


Maybe it was the end of "Men in Black II"?

Cosmic gods playing a game of marbles, with one of the marbles being Planet Earth.
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Re: Hard times on the way.

Unread postby Rabbit » Tue 05 Feb 2008, 01:12:13

At the end of the movie, the camera pulls back, way back and you see the earth. Then you see the earth is just a pool ball on a pool table among other balls. Then you see that aliens are shooting pool and the earth is just a small part of a much larger game.
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Re: Hard times on the way.

Unread postby Heineken » Tue 05 Feb 2008, 11:24:54

Right, that's it, Rabbit. (My apologies for scrambling up some of the details of this.) It was an incredible scene---more impressive than the rest of the movie, which is itself pretty good. A fine symbolic representation of how trivial we are in the broader scheme.
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Re: Hard times on the way.

Unread postby TWilliam » Tue 05 Feb 2008, 14:55:59

$this->bbcode_second_pass_quote('Rabbit', 'A')t the end of the movie, the camera pulls back, way back and you see the earth. Then you see the earth is just a pool ball on a pool table among other balls. Then you see that aliens are shooting pool and the earth is just a small part of a much larger game.


It was marbles, not pool, and it was the entire Milky Way galaxy inside one of them, not just the Earth...



[video width=400 height=350]http://www.youtube.com/v/9jj975xlGiE[/video]

Personally I like the way Carl made the point:

[video width=400 height=350]http://www.youtube.com/v/p86BPM1GV8M[/video]
"It means buckle your seatbelt, Dorothy, because Kansas? Is goin' bye-bye... "
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Re: Hard times on the way.

Unread postby oowolf » Tue 05 Feb 2008, 18:06:23

Like Monty Python's "Galaxy Song";
"So remember when you're feeling very small and insecure,
How amazingly unlikely is your birth,
And pray that there's intelligent life somewhere up in space
'Cause there's bugger all down here on Earth"
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Re: Hard times on the way.

Unread postby Rabbit » Tue 05 Feb 2008, 18:21:29

Sorry, it was marbles. I think I am loosing mine in my old age.
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Re: Hard times on the way.

Unread postby Fiddlerdave » Wed 06 Feb 2008, 07:10:17

$this->bbcode_second_pass_quote('oowolf', 'L')ike Monty Python's "Galaxy Song";
"So remember when you're feeling very small and insecure,
How amazingly unlikely is your birth,
And pray that there's intelligent life somewhere up in space
'Cause there's bugger all down here on Earth"
Always cheers me up. Here it is set to various Nasa images.

http://dingo.care2.com/cards/flash/5409/galaxy.swf
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