Yes, and where does the whole thing stop?
How much of the global economy can this subprime mortgage thread unravel? Are there any solid walls that are impermeable to this erosive chaos? I may sound a little hysterical here, but could this lead to a complete breakdown, like the one that ensued after 1929? Truth unfolds in time through a communal process.
The bubble was a lot bigger this time. And the peak oil thingy is not going to go away. But don't worry, it'll take at least one more year to unravel, and will be properly blamed on the next Democratic president... In the long run, we're all dead. John Maynard Keynes
if 1929 is the optimistic scenario, a year from now i won't care who the president is.
on the bright side, a year may be just long enough to get basic proficiency in survivalism and move my family to somewhere less... dependent on the global economy. Truth unfolds in time through a communal process.
There should be an ETF for this... Peak oil is not an energy crisis. It is a liquid fuel crisis.
We engineer a swap for those ETers with dollar assets (or revenue streams) who'd like to have Euros instead. We pool the dollar assets, and buy euro assets on margin. We have met the enemy, and he is us — Pogo
the insidious effects of globalisation hang like damocles' sword over those few regions not already robbed blind and reduced to economic serfdom, injustice waits round every corner, and to try to outrun the beast is futile...we have to work within its belly and take our chances.
we can bust our butts putting together fancy solar arrays that are part of the solution, i believe, (obviously), but some thug sees copper tubes and thinks about what he can get for them down at the scrapyard, and then how would i replace them?
it's all futile at the end of the day, but it's fun trying to use every neuron available to try to see a way through this tangle we've allowed our species to become embroiled in.
we are pretty adaptable, but i think what's coming will test the hardiest and most flexible beyond our wildest imaginations...
or not!
maybe we'll transition effortlessly and have a smooth landing....
right... "The question facing world leaders today is not what to do. It is whether to do it." James Galbraith
go kiwi, baby!
or Yakushima Island has plenty of rain water and food, and warm, temperate climate. Incovenient for copper thieves to get to. And lots of natural hot springs!
and I heard Iceland has hot springs, too.
well, humans may be due for a little darwinistic paring down anyway. the surviving population will be called Homo sapiens neoliber. Truth unfolds in time through a communal process.
ETopia! We have met the enemy, and he is us — Pogo
