[raisinbran]

Right before bear stearns collapsed, I noticed the mainstream media getting insanely gloomy, almost like in a panic mode.

well, I feel it again

http://www.lifeaftertheoilcrash.net/breakingnews.html


(or maybe it's just me)


The optimism from the last few weeks seems to have faded.

[cipi604]

Don't hurry, you have to be patient.

[alokin]

I always watch this site and it is always full of mainstream media articles, which are always gloomy. As far as I remember, in the recent month there were more gloomy peak oil articles which has changed now to more economic crash articles.

Keep in mind: this guy wants to sell some dried foodstuff.

I don't want to tell that they are wrong, not at all, I myself think that there will be a major economic collapse, which I hope for, because if not the human race will be wiped out because we're destroying the our natural means which we cannot live without.

If you read these articles they mostly tell us that there wil be a very severe economic crisis, about 50% tell you that it might be like in 2000 or we will overcome by the end of next year.

[raisinbran]

It's interesting to pay attention to what the "authorities" say, for example the Fed and IMF.

I figure if they want to say something gloomy, then they actually want the people to be scared. On the other hand, if they don't want the people to panic, they'll just lie through their teeth.

Interestingly, it took a while for Bernanke to finally admit the obvious, that we are in a recession.

http://uk.reuters.com/article/usMktRpt/ ... 6620080402

Greenspan is speaking out too:

http://www.ifaonline.co.uk/public/showP ... ame=788154

and so are the other Fed officials

http://www.msnbc.msn.com/id/24015213/

My opinion is that whatever these guys say is not necessarily the truth or reality, but more of what they want people to believe. Just more politics.

So it's notable that now they are coming forward and saying that we are really in a crisis.

Now is the time to open the spigot of fear, I suppose.

[Cid_Yama]

And will those of us who have been calling this for over a year now, get any credit for foresight?

Of course not!

Those that have shouted us down are still trying to pretend some miraculous deliverance will occur in the 4th quarter. (Deliverance from something they said wasn't happening, I might add.)

[threadbear]

Since I've been following IMF announcements I've been impressed at how they couch drastic events in low key euphemistic terms. If they are doing the same thing now, you have every reason to be afraid, very afraid. This is a five alarm perfect storm warning, for those paying attention, imho

[Iaato]

The IMF announcements are interesting, TB. They seem to be the unofficial backdoor spokespeople and trial balloon for what's coming down the pike. And they are understated. Triple the amounts and quarter the timelines, and they are probably accurate?

[Mastodon]

For those that haven't seen it try this site for a good daily look at the abyss

[threadbear]

$this->bbcode_second_pass_quote('Iaato', 'T')he IMF announcements are interesting, TB. They seem to be the unofficial backdoor spokespeople and trial balloon for what's coming down the pike. And they are understated. Triple the amounts and quarter the timelines, and they are probably accurate?

[Gandalf_the_White]

Yes grasshopper! Doom is a dish best served cold...or with matzah balls which ever you have. If you have lots of cold or lots of matzah balls, or lots of cold matzah balls, you can serve a pretty good doom sandwich. But hey what would I know, am I Yentil?

[Gandalf_the_White]

$this->bbcode_second_pass_quote('Cid_Yama', 'A')nd will those of us who have been calling this for over a year now, get any credit for foresight?

Of course not!

Those that have shouted us down are still trying to pretend some miraculous deliverance will occur in the 4th quarter. (Deliverance from something they said wasn't happening, I might add.)

[seldom_seen]

heh. great sig mastodon.

[manu]

Let's not kid ourselves, we have all been through die-offs before, we just can't remember them. TPTB just can't say, run lemmings run, they have to gradually break the news to them. There is a cliff ahead, but we are safe for now, we are going over the cliff, but we are safe for now, the rocks are close, but we are safe for splat.

[Doly]

$this->bbcode_second_pass_quote('manu', 'L')et's not kid ourselves, we have all been through die-offs before, we just can't remember them.

[wisconsin_cur]

$this->bbcode_second_pass_quote('Cid_Yama', 'A')nd will those of us who have been calling this for over a year now, get any credit for foresight?

Of course not!

Those that have shouted us down are still trying to pretend some miraculous deliverance will occur in the 4th quarter. (Deliverance from something they said wasn't happening, I might add.)

[manu]

$this->bbcode_second_pass_quote('Doly', '')$this->bbcode_second_pass_quote('manu', 'L')et's not kid ourselves, we have all been through die-offs before, we just can't remember them.

[TreebeardsUncle]

This sounds like an apocalyptic cult like the Jehova's Witnesses. So far not much has happened. Expect the process to be slower and milder than you all expect. Incidentally, have noticed that credit card investments are leading over railroads and railroads are leading over oil service companies.
g