I came across it by accident on MTV today… Never heard about it before. the show’s been around since 2006. I mean…is there no limit to anything anymore? How long before XXX targeted at teens hits the after-school special…. The Apocalypse isn’t near…it’s ongoing.. must of started somewhere around 2005 when no one was looking.
It’s gonna drop soon…within a week or two….don’t know what it’s going to be…the eruption of Mount Katla? Another huge crash in the markets? California hit by a 10.5? All of the above?
This is just a gut feeling… I mean there is so much going haywire these days that I’m hardly the next coming of Nostradamus if I prove to be correct on such a vague timeline (as oppsed to predicting next Tuesday at 3:44 GMT) but I’ve had these feelings before….the last one was before the Flash Crash and the one before that was a week before the Tsunami in 2004….
I did not have any premonitions about the Lehman collapse, but then again people who were very well placed to see it didn’t either….
Guess I’ll just mix myself another Mohito and sit back and wait for the show….
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 EMU would allow Greece to hold out for another year at best. Clearly the writing on the wall was so BIG and OBVIOUS that markets decided there was no better time than the present to get the default ball rolling.
Here’s a quote from Naked Capitalism that echos what I have been suggesting for some time. The financial crisis is just getting started:
“So the whole idea that the financial crisis was over is being called into doubt. Recall that the Great Depression nadir was the sovereign debt default phase. And the EU’s erratic responses (obvious hesitancy followed by finesses rather than decisive responses) is going to prove even more detrimental as the Club Med crisis grinds on.”
People are finally starting to pull their heads from the sand (and other dark places) to realize that the World is faced with a monstruous debt crisis, one that never should have been allowed to occur in the first place. It would seem that nothing was learned from The Great Depression. Our governments have been bamboozled by Global Finance. I think that the U.S. political elite deserves a particular concentration of scorn for its irresponsible leadership in these affairs. You can blame the greedy jerks on Wall Street all you want but the ultimate failure has been a political one. American politics, on both sides of the aisle, has allowed itself to be captured by the Military Industrial Complex and Big Finance. Let’s face it, they are one and the same. It is time for the countries of the world to start brushing up their emergency plans. Damage control is what the next 10 to 15 years has in store. I have a very hard time imagining how any kind of normalcy will return until this brewing shitstorm of international idiocy blows over.
I doubt that this Greek crisis is the begining of the end of humanity. After all, the only creature more resilient that people are cockroaches… Even rats wouldn’t survive very long without our staggering amount of waste to feed on. But I deeply feel that this crisis is the beginning of the end of the World as we know it. This is not necessarily a bad thing. Those of us who grew up in the 70s, the dawn of the truly modern age with its computers, television, better living through chemistry, lived in a completely different Universe than our grandparents and even more so than that of our great-grandparents. But to think that the pace at which “innovation” is driving people mad…right fucking mad…can continue without some form of global nervous breakdown is not only wishful thinking but criminally insane. I keep repeating the same point.. The World Wars of the 20th Century were in large part a result of the Enlightenment catching up with itself… The race for economic and intellectual superiority between nations was only understood to be achievalbe through mililtary means. This way of thinking was consistent with human history up to that point but civilzation was not prepared to deal with the genocidal character of mechanized warfare. (more…)
No one knows for sure what will happen when (and it is when) Greece defaults. Will Portugal, Spain and Ireland follow? What will happen to the U.S.?
There’s plenty of speculative reporting out there, just Google a bit and see what you find. Try search terms that include Financial Crisis, Greece, Fallout, United States
Look, I’m no financial expert.. but I have a nose for impending disaster.. My impression is that the people in charge of World affairs haven’t a clue, not even the slightest one, how the hell to get out of this mess, in large part because the leaders of the world are in hawk to financial interests. Oh wait’ we’ve seen this film before haven’t we? It was called the 20th Century.
Money does indeed make the world go round and when it is destroyed through wanton acts of ignorance, the world stops for a moment and then errupts into Anarchy until new monopolies of force carve out equilibrium between nations. To quote Pete Townsend…”Meet the New Boss, Same as the Old Boss.”
Whatever the mechanism, there are way too many people on the planet. It gets a bit of lip service now and again but the issue at stake not just a matter of Maltusian resource management. It is information management. Humanity is overloading from too many people striving for the same thing.. Wealth and Power.. it’s a story as old as the Bible. These conflagrations errupt from the most unexpected direction just when things seem to be getting under control.
If people could be more excellent to each other, all of this crap could probably be avoided. But then I guess life would be boring.
This is a very compelling, and wordy, commentary at http://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 threat. Yet despite their best efforts, not all catastrophes can be avoided as the tipping point of Avalanches is still not completely measurable and controlling them still involves a lot intuition and experience. Likewise, this commentary speculates that the Lords of Finance are scarred senseless by populist backlash at the Banking industry and are thus themselves launching the mortar of an SEC case against Goldman Sachs to purportedly avoid the entire Ridge of public opinion to be released upon them. The problem is that with avalanches catastrophic collapses occur despite the ski patrol’s best efforts since the science of what triggers these collapses is still not completely understood. The trigger, or tipping point can occur in random, innocuous areas of the physical network that keep the mass intact. The article explains better than I do.
Comet tails and cosmic rays
These are things that make me worry
Earthquakes and giant waves
No longer extraordinary
Decades of strife
Dismemberred boys the price of Glory
Plague is coming
You just might live
But you’ll be sorry!
Mudslides and hurricanes
These are things that make me worry
Forest fires, famine, drought
IS NOWHERE SAFE FROM NATURE’S GLORY!?
Can we do enough?
Is this the point of no return?
The global toilet overflows
You can point the finger
BUT YOU’RE TOO BLAME!
Who’s your daddy now?
Moses, Jesus or Mohammed?
Keep the golden cow
Flip the bird to the Holy Spirit
Scream five times a day
Off your knees it’s time to kick it
He, It, She can’t save you now
Cast adrift on a dying planet
Then follow @CERN and receive tweets about Large Hadron Collider activity. Be amongst the first to know that our planet is about to dissolve into a black hole that was supposed to be so small it would instantly disappear.
Keep in mind that Quants, the greedy eggheads that went to Wall Street instead of #CERN also sold the idea to otherwise intelligent people that housing prices would never -EVER- drop!
Finding the Higgs Boson is the risk free ponzi scheme of Quantum Physics.
Beware! The biggest bubble of all these days is inflated with hubris.