Rocc, yes, 3% isn't much in the big picture, but when people see that even a trillion thrown at this thing won't stop the bleeding, don't you think that panic might set in?
This was supposed to be the final step in a series of ultimately-futile measures that the Paulson-Bernanke show has applied to stop the unraveling. When it becomes clear that it maybe only slowed it down a bit, I could imagine that a heavy kind of dispair and panic may result.
"These people could go a month without eating and they would still be overweight." ftt, they may be doing just that soon. Perhaps they have stored up their PMs in the one place where no one can steal them?
PeakOil is You
Asian Markets Down Big . . .
Re: Asian Markets Open Down Big
by dohboi » Mon 06 Oct 2008, 00:31:16
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dohboi - Harmless Drudge
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Re: Asian Markets Open Down Big
by mos6507 » Mon 06 Oct 2008, 00:38:47
$this->bbcode_second_pass_quote('', '
')made possible and fostered by the giddiness of peak and just-pre-peak maximum availability of the energy of cheap oil
')made possible and fostered by the giddiness of peak and just-pre-peak maximum availability of the energy of cheap oil
Profligate energy use had been "made possible" for the last century. That in and of itself did not force the immediate housing crisis.
This crisis did not have to happen. It was not an inevitable consequence of peak oil anymore than the stock market crash of 1929 was. In fact, if this crisis had NOT taken place, something like it would have happened by the time oil hit $300 a barrel, driven purely by high oil prices rather than market bubbles. But at $100, it hurts the economy, but is not the cause of this mess. Try not to tie all bad events to peak oil when they aren't.
Last edited by mos6507 on Mon 06 Oct 2008, 00:42:46, edited 1 time in total.
- mos6507
Re: Asian Markets Open Down Big
by smallpoxgirl » Mon 06 Oct 2008, 00:41:35
$this->bbcode_second_pass_quote('dohboi', 'I')'m a bit surprised to hear so many on this forum (of all place) say that the financial maelstrom is clouding or delaying effects of PO.
Does no one else think that what we are seeing is exactly what has long been predicted more or less as the result of PO?
Does no one else think that what we are seeing is exactly what has long been predicted more or less as the result of PO?
Totally agree. Guess what. Send $400 billion dollars to OPEC in a year, you're going to have a liquidity crisis. No mystery there.
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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smallpoxgirl - Expert
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Re: Asian Markets Open Down Big
by Cashmere » Mon 06 Oct 2008, 00:43:00
$this->bbcode_second_pass_quote('Roccland', '"')down big" 3% Uh-huh
Wake me up when there is some real news to post cashless
Wake me up when there is some real news to post cashless
Ok Roc, I'll ring you up when the shut the ATMs down so you can piss your pants with I-told-you-so glee.
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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Cashmere - Heavy Crude
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Re: Asian Markets Open Down Big
by Cid_Yama » Mon 06 Oct 2008, 00:45:01
AIG got downgraded 2 days after the 85 billion. Tell me 700 billion would even have an effect.
This is just standing at the rim of a deep dark hole and trying to fill it with bushels full of money.
Damn it! Liquidity is not the problem. The banks are insolvent.
It's time for the American people to challenge this BS.
It won't happen til they're starving. Unfortunately that's not far off.
I'm sure Dr. Guillotin's plans are available online.
This is just standing at the rim of a deep dark hole and trying to fill it with bushels full of money.
Damn it! Liquidity is not the problem. The banks are insolvent.
It's time for the American people to challenge this BS.
It won't happen til they're starving. Unfortunately that's not far off.
I'm sure Dr. Guillotin's plans are available online.
"For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst and provide for it." - Patrick Henry
The level of injustice and wrong you endure is directly determined by how much you quietly submit to. Even to the point of extinction.
The level of injustice and wrong you endure is directly determined by how much you quietly submit to. Even to the point of extinction.
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Cid_Yama - Light Sweet Crude
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Re: Asian Markets Open Down Big
by Cashmere » Mon 06 Oct 2008, 00:45:54
$this->bbcode_second_pass_quote('dohboi', 'S')PG, isn't this just a classic case of "buy on the rumor, sell on the news"?
I'm a bit surprised to hear so many on this forum (of all place) say that the financial maelstrom is clouding or delaying effects of PO.
Does no one else think that what we are seeing is exactly what has long been predicted more or less as the result of PO?
All these wild and crazy financial shenanigans, from ARMs for McMansions in the exurbs to CDS's leveraged up the wazoo were surely made possible and fostered by the giddiness of peak and just-pre-peak maximum availability of the energy of cheap oil, and attempts to paper over the beginnings of the end with credit games.
Sustained oil prices many times the long-term average is driving the nail of reality slowly into the skull of the financial markets that there can be no expectation of increased returns on investments in an increasingly energy constrained world. The whole system is surely facing a kind of existential crisis, staring into the abyss as into a mirror.
Does no one else share anything like this analysis even on the threads of this PO forum?
I'm a bit surprised to hear so many on this forum (of all place) say that the financial maelstrom is clouding or delaying effects of PO.
Does no one else think that what we are seeing is exactly what has long been predicted more or less as the result of PO?
All these wild and crazy financial shenanigans, from ARMs for McMansions in the exurbs to CDS's leveraged up the wazoo were surely made possible and fostered by the giddiness of peak and just-pre-peak maximum availability of the energy of cheap oil, and attempts to paper over the beginnings of the end with credit games.
Sustained oil prices many times the long-term average is driving the nail of reality slowly into the skull of the financial markets that there can be no expectation of increased returns on investments in an increasingly energy constrained world. The whole system is surely facing a kind of existential crisis, staring into the abyss as into a mirror.
Does no one else share anything like this analysis even on the threads of this PO forum?
Dohboi - well written, and I agree.
Let's not forget that the 50% of tax money and borrowing going to military expenditures is fueling 2 resource wars.
almost 1/2 billion a day, 144 billion a year - what's that? 700 billion? What a coincidence.
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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Cashmere - Heavy Crude
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- Joined: Thu 27 Mar 2008, 03:00:00
