PeakOil is You
The Real Cause of the Credit Crisis
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Re: The Real Cause of the Credit Crisis
by jdumars » Thu 12 Feb 2009, 13:44:42
Mos, I think you really have hit on part of the truth here. Unfortunately you're pointing the finger at the individual ant, instead of the entire colony.
My personal feeling is that the entire world economy has been shaped by the availability of information and speed of consumption via the Internet and other forms of media, including the books you linked to.
I need to write a long thesis on this, because I think it's incredibly important to understand. My view of this crisis developed as I watched the market for vintage saxophones. It's a perfect mirror of what happened in the rest of the economy.
My personal feeling is that the entire world economy has been shaped by the availability of information and speed of consumption via the Internet and other forms of media, including the books you linked to.
I need to write a long thesis on this, because I think it's incredibly important to understand. My view of this crisis developed as I watched the market for vintage saxophones. It's a perfect mirror of what happened in the rest of the economy.
Dismantle globally, renew locally!
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jdumars - Coal
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Re: The Real Cause of the Credit Crisis
by mos6507 » Thu 12 Feb 2009, 14:31:39
$this->bbcode_second_pass_quote('pstarr', 'I') assume you've created this thread to prove (ha ha) once again that overspent bored American real estate investors caused riots in Ceylon, hunger in Zimbabwe, water shortages in Mexico City, and financial collapse in Dubhai?
If that is so you are wasting your time.
If that is so you are wasting your time.
There aren't water shortages in Mexico City because of the credit crisis. That's overshoot/global-warming. You have this inability to separate doom into different categories, pstarr. You seem to think everything "bad" has to be laid at the foot of one root cause. It's Church-Ladyism.
"could it be, um... Satan????"
We can have more than one source of doom working in parallel. It doesn't have to just be one thing at a time. Right now peak oil is kind of in the pregame show. Global warming and the credit crisis are in the first act. As soon as we fall off the oil production plateau, then the REAL peak oil doom will hit. So just because I am not blaming "peak oil" for the credit crisis doesn't mean I think peak oil doesn't exist or we won't face peak oil doom. So don't pidgeon hole me as a denier. It's just that these things will play out on their own schedule.
- mos6507
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