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Possible Systemic Collapse

Discussions about the economic and financial ramifications of PEAK OIL

Re: Possible Systemic Collapse

Unread postby DJSNOLA » Sat 24 Jan 2009, 19:01:21

$this->bbcode_second_pass_quote('cephalotus', '')$this->bbcode_second_pass_quote('AlexdeLarge', '
')
Yeah.....I see what you mean.............
Obama ends abortion-related funding restrictions for aid groups


that's a good thing.


I agree! This country needs to be less fanatical on social issues. In fact, they were used to distract the masses, while our leaders got us into this mess !
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Re: Possible Systemic Collapse

Unread postby Heineken » Sat 24 Jan 2009, 19:56:56

$this->bbcode_second_pass_quote('TWilliam', '')$this->bbcode_second_pass_quote('Heineken', '')$this->bbcode_second_pass_quote('TWilliam', '')$this->bbcode_second_pass_quote('Heineken', 'O')h? Like killing babies with drones?

Hey, guess what? War sucks. People die. Yes, including civilians. If you don't like it, don't live in a culture that demands 47 different kinds of toothpaste, half a dozen brands of toilet paper and fresh fruits and vegetables any time of year, regardless of whether or not they're in season. Because whether people want to admit it or not, the ONLY reason our government gives a fat flying f*ck about the Middle East is because to a large extent it fuels the machine that provides all those choices.


Your response puzzles me because it's self-contradictory. Either that or it's sarcastic, in which case I have no problem with it.

Where do you see a contradiction, Heineken?


The contradiction arises between your implication that war has necessary if unfortunate costs followed by your explication of the essential criminality of that war. Sort of spun my head around.
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Re: Possible Systemic Collapse

Unread postby TWilliam » Sat 24 Jan 2009, 22:00:41

$this->bbcode_second_pass_quote('Heineken', '')$this->bbcode_second_pass_quote('TWilliam', '')$this->bbcode_second_pass_quote('Heineken', '')$this->bbcode_second_pass_quote('TWilliam', '')$this->bbcode_second_pass_quote('Heineken', 'O')h? Like killing babies with drones?

Hey, guess what? War sucks. People die. Yes, including civilians. If you don't like it, don't live in a culture that demands 47 different kinds of toothpaste, half a dozen brands of toilet paper and fresh fruits and vegetables any time of year, regardless of whether or not they're in season. Because whether people want to admit it or not, the ONLY reason our government gives a fat flying f*ck about the Middle East is because to a large extent it fuels the machine that provides all those choices.


Your response puzzles me because it's self-contradictory. Either that or it's sarcastic, in which case I have no problem with it.

Where do you see a contradiction, Heineken?


The contradiction arises between your implication that war has necessary if unfortunate costs followed by your explication of the essential criminality of that war. Sort of spun my head around.
Ah ok, thanks. I can see where that might seem to be a contradiction if one assumes that I was initially implying support for warfare. My main point, however, was that it strikes me as being rather hypocritical to complain about the inevitable collateral damage that occurs in warfare, when one tacitly approves of said warfare by participating in a culture that requires it in order to function.
"It means buckle your seatbelt, Dorothy, because Kansas? Is goin' bye-bye... "
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Re: Possible Systemic Collapse

Unread postby Ludi » Sun 25 Jan 2009, 14:05:45

$this->bbcode_second_pass_quote('TWilliam', ' ')it strikes me as being rather hypocritical to complain about the inevitable collateral damage that occurs in warfare, when one tacitly approves of said warfare by participating in a culture that requires it in order to function.


Maybe we prefer to be alive rather than dead. There isn't an alternative culture set up for us yet, so we are sort of forced to participate in the one we have, while trying to some extent to develop alternatives.

Do you have any suggestions about an alternative culture we could move to in order not to support the warlike one we're currently in?
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Re: Possible Systemic Collapse

Unread postby eXpat » Mon 26 Jan 2009, 10:03:53

This are rumors, a guy writing about what other guy told him, I think though, that this is genuine, and shows what´s going on behind the curtains:
$this->bbcode_second_pass_quote('', ' ')This email came to our headquarters:
Another thought … this is somewhat self-serving in terms of analysis, but I think my long-held view that was has occurred in the US financial market world (and spread to other countries in Europe, etc.) is TOO BIG TO BAIL ... and that growing realization has began to freak out some serious folks in the investment community. Received this email just now…


["FWIW: My broker just advised he had a one hour in house conference call today that was to all RBC brokerage offices.
It was headed by the Chief Economist/Strategist at RBC.
The call my broker said was like hearing a description of Armaggeddon.
Power Points: The U.S. Banking System is close to collapse.
BAC and C are going to go to ZERO.
Anytime their will be a call from President Obama for what is called "Scram Down Legislation" for the immediate Nationalization of these major banks.

The fellow speaking, a George Cassidy said EVEN holders of Preferred Stock will be wiped out.
Mr.Cassidy felt this blockbuster "Scram-Down" Legislation is coming, and damned soon. Max"]
good friend


We are hearing problems at both Citibank and Bank of America. Bank of America is the largest usa bank, followed by number 2 Citibank.

Many depositors are fearing a run on the bank so they are bailing. Where are they going? USA citizens have a real dilemma on their hands as the entire financial apparatus has imploded. In other words Ladies and Gentlemen: GET READY FOR OUR LONG AWAITED BANKING HOLIDAY.

link
"I learned long ago, never to wrestle with a pig. You get dirty, and besides, the pig likes it."
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You can ignore reality, but you can't ignore the consequences of ignoring reality.” Ayn Rand
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Re: Possible Systemic Collapse

Unread postby AlexdeLarge » Mon 26 Jan 2009, 10:14:21

$this->bbcode_second_pass_quote('eXpat', 'T')his are rumors, a guy writing about what other guy told him, I think though, that this is genuine, and shows what´s going on behind the curtains:
$this->bbcode_second_pass_quote('', ' ')This email came to our headquarters:
Another thought … this is somewhat self-serving in terms of analysis, but I think my long-held view that was has occurred in the US financial market world (and spread to other countries in Europe, etc.) is TOO BIG TO BAIL ... and that growing realization has began to freak out some serious folks in the investment community. Received this email just now…


["FWIW: My broker just advised he had a one hour in house conference call today that was to all RBC brokerage offices.
It was headed by the Chief Economist/Strategist at RBC.
The call my broker said was like hearing a description of Armaggeddon.
Power Points: The U.S. Banking System is close to collapse.
BAC and C are going to go to ZERO.
Anytime their will be a call from President Obama for what is called "Scram Down Legislation" for the immediate Nationalization of these major banks.

The fellow speaking, a George Cassidy said EVEN holders of Preferred Stock will be wiped out.
Mr.Cassidy felt this blockbuster "Scram-Down" Legislation is coming, and damned soon. Max"]
good friend


We are hearing problems at both Citibank and Bank of America. Bank of America is the largest usa bank, followed by number 2 Citibank.

Many depositors are fearing a run on the bank so they are bailing. Where are they going? USA citizens have a real dilemma on their hands as the entire financial apparatus has imploded. In other words Ladies and Gentlemen: GET READY FOR OUR LONG AWAITED BANKING HOLIDAY.

link


Wow......very spooky.
Viddy well, little brother. Viddy well.
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Re: Possible Systemic Collapse

Unread postby Heineken » Mon 26 Jan 2009, 10:19:11

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('TWilliam', ' ')it strikes me as being rather hypocritical to complain about the inevitable collateral damage that occurs in warfare, when one tacitly approves of said warfare by participating in a culture that requires it in order to function.


Maybe we prefer to be alive rather than dead. There isn't an alternative culture set up for us yet, so we are sort of forced to participate in the one we have, while trying to some extent to develop alternatives.


This is an important detail we need to remind
ourselves of from time to time as we play God here.

Realistically, the current civilization is pretty much any of us currently alive is ever likely to have. Whatever our fantasies or fears may be.

Yes there could be a crash but it would almost by definition take many or most of us with it.
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---I & my bro.
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Re: Possible Systemic Collapse

Unread postby TWilliam » Mon 26 Jan 2009, 12:39:52

$this->bbcode_second_pass_quote('Ludi', 'M')aybe we prefer to be alive rather than dead. There isn't an alternative culture set up for us yet, so we are sort of forced to participate in the one we have, while trying to some extent to develop alternatives.

Do you have any suggestions about an alternative culture we could move to in order not to support the warlike one we're currently in?

Therein lies the rub, Ludi. We are, in fact, largely forced to participate, and 'The System' at best is generally un-supportive of, and at worst often actively discourages, attempts to 'buy out', as it were. The destruction of L.A.'s South Central Community Garden is a perfect example. The 'criminalization' of things like raw milk and certain medicinal plants are others. Hell even something as benign as a housing co-operative for the sake of pooling resources is something that is often times subject to constant 'red-tape' hassles from city, county or even state bureaucracies.
"It means buckle your seatbelt, Dorothy, because Kansas? Is goin' bye-bye... "
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Re: Possible Systemic Collapse

Unread postby bratticus » Mon 26 Jan 2009, 12:42:02

$this->bbcode_second_pass_quote('', '[')b]Stocks off to worst start ever

By Matt Krantz, USA TODAY
via ABC News
January 20, 2009

... skip ...

The correction has been a slap of reality for investors who thought stocks were immune to problems from the weakening economy, says Michael Farr of Farr Miller & Washington.

... snip ...


Did they really think that and why?
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Re: Possible Systemic Collapse

Unread postby bratticus » Mon 26 Jan 2009, 12:56:00

$this->bbcode_second_pass_quote('', '[')b]‘Time to Sell’ Treasuries, Biggest Korean Fund Says

By Wes Goodman
Bloomberg
January 19, 2009

A rally that sent U.S. Treasuries to their best year since 1995 is coming to an end, South Korea’s National Pension Service, the country’s biggest investor, said.

U.S. government efforts to combat the recession will prompt the Federal Reserve to raise interest rates this year, said Kim Heeseok, who oversees $160 billion as head of global investments for the service in Seoul. The decline would snap a surge that sent the securities up 14 percent last year, according to Merrill Lynch & Co.’s U.S. Treasury Master index, as investors sought the relative safety of debt.

“It’s time to sell U.S. Treasuries,” said Kim, who took over as head of investments at the start of the year. “The stimulus plan may cause inflation. The U.S. will raise the benchmark interest rate.”

U.S. government securities headed for their first monthly loss since October after President-elect Barack Obama, who takes office tomorrow, said he will do “whatever it takes” to battle what he called the biggest economic crisis since the Great Depression. Obama is planning an $850 billion stimulus plan, on top of $700 billion approved by President George W. Bush.

... snip ...
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