Time to stop drooling about iCrap and worrying about Internet business models and pick up some books on Carpentry and Sheep Farming. At least do yourself a favour and just consider for a moment – a moment – how you would get by if you could not withdraw money for a month or so and [...]
Posts Tagged ‘politics’
iWorry
Posted in Financial Collapse?, tagged debt, Financial Collapse, politics, Roubini, unsustainable, US economy on May 13, 2010 | Leave a Comment »
Back to the Future…
Posted in Financial Collapse?, tagged 80s, Financial Crisis, politics on May 13, 2010 | Leave a Comment »
Excellent review of the financial crises of the 80s…also suggests that the present crisis finds its roots there… Lessons From The 80s: Nothing New Under The Sun
I…Drink…Your…Milkshake!!!
Posted in Oil's Well That Ends Badly!, tagged Depression, end of days, military, Milkshake, Oil, politics, There Will Be Blood on May 5, 2010 | Leave a Comment »
A tasty excerpt from an illuminating analysis of Peak Oil and Peak “Cheap Oil” by Erik Townsend that I found at www.chrismartenson.com. A very credible argument that explains why oil might very well make it back to $200 a barrel but is not likely to go much higher as that is the price point where governments [...]
Storm Cloud on the Event Horizon: The Final Upload
Posted in Financial Collapse?, Zoltar, tagged Apocalypse, black hole, event horizon, Greece, politics, Zoltar on April 28, 2010 | 1 Comment »
I must admit the whole European meltdown is happening much quicker than I, a staunch pessimist, would have thought. I guess we can chalk it up to markets being incapable of waiting. All the articles that I read about the crisis were suggesting that the $45 billion euro bailout package by the IMF and the [...]
Like a Greecy Pork and Cheese Sandwich Served Up in a Dirty Ashtray
Posted in What's a Grecian Urn?, tagged Apocalypse, Bailout, Bible, Conflagration, Greece, politics, Power on April 26, 2010 | 3 Comments »
The World is once again standing uncomfortably close to the edge of the abyss that was so narrowly avoided in 2008 when Lehman’s collapsed. If you don’t have vertigo..you are really not paying attention. No one knows for sure what will happen when (and it is when) Greece defaults. Will Portugal, Spain and Ireland follow? [...]
If Goldman Sachs Burns Will America Follow?
Posted in Bonfire of the Vanities, tagged Baseline Scenario, Goldman Sachs, Oligarchy, politics, S.E.C., Tipping Point on April 24, 2010 | 2 Comments »
Read how America has become a Banana Republic With No Bananas. I’ve been wondering for months how come Americans are not marching in the streets with pitchforks and torches, ready to burn down Wall Street.. Apparently that time has come…minus the pitchforks and torches..for now… After reading “The Sickening Abuse Of Power At The Heart [...]
Avalanches and Tipping Points as Metaphor for Financial Collapse
Posted in Financial Collapse?, tagged Apocalypse, avalanche, Financial Collapse, politics on April 22, 2010 | Leave a Comment »
This is a very compelling, and wordy, commentary at www.Zero Hedge.com on how complex systems, in their lead up to catastrophic collapse, behave much like Avalanches. To contain the devastating release of energy contained in a snow ridge, avalanche control experts launch mortars into areas they measure to be unstable, before they become a bigger [...]
Financial Nudists
Posted in Bonfire of the Vanities, tagged Magnetar, politics on April 14, 2010 | Leave a Comment »
Naked Captilalism is another great finance/economics blog oft cited by The Baseline Scenario. These blogs are the Woodward and Bernstein of the Financial Crisis. NC is by far much more dense than Baseline Scenario when it comes to the details but one generally gets the point: Things are rotten in the United States of America. [...]
Pack of Fools
Posted in Bonfire of the Vanities, tagged moral hazard, politics, tendrils of Mamon, The Ten Commandments on April 14, 2010 | 1 Comment »
The following is a somewhat lengthy comment I submitted to a post on The Baseline Scenario The Western World is facing a moral crisis of Biblical proportions.. What were the Ten Commandments if not moral regulations for the people that had lost all sense of human dignity? The sad truth about Humans is that free [...]
One Ring to Rule Them All!
Posted in Bonfire of the Vanities, tagged Eye of Sauron, Lord of the Rings, Magnetar, politics on April 13, 2010 | Leave a Comment »
After reading how Magnetar, the hedge fund, was able to engineer bets against its own fraudulent financial products and win, one can’t help but feel discouraged. Gambling has been universally feared as one of man’s most dangerous and ignoble predilictions since the dawn of recorded history. I am not a religious man yet if I [...]
