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it'll take at least one more year to unravel, and will be properly blamed on the next Democratic president...

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.

by marco (cowannar at gmail punkt com) on Fri Nov 2nd, 2007 at 12:56:01 PM EST
[ Parent ]
that it took a few years for the whole enchilada to unravel. 1933 was much worse than 1929, IIRC. 1929 was bad for the stock market, mostly. The real economy suffered later.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Fri Nov 2nd, 2007 at 01:38:34 PM EST
[ Parent ]
I guess you are shorting US banks like hell?

There should be an ETF for this...

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Fri Nov 2nd, 2007 at 02:17:36 PM EST
[ Parent ]
I have an idea...

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

by Migeru (migeru at eurotrib dot com) on Fri Nov 2nd, 2007 at 04:02:53 PM EST
[ Parent ]
and, where, pray, is that?

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...

~Government budget deficits are not nearly as dangerous as the deficits we have created in vital and complex natural systems.~ Naomi Klein.

by melo (melometa4(at)gmail.com) on Sat Nov 3rd, 2007 at 03:59:51 AM EST
[ Parent ]
and, where, pray, is that?

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.

we are pretty adaptable, but i think what's coming will test the hardiest and most flexible beyond our wildest imaginations...

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.

by marco (cowannar at gmail punkt com) on Sat Nov 3rd, 2007 at 04:39:59 AM EST
[ Parent ]
and, where, pray, is that?

ETopia!

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Sat Nov 3rd, 2007 at 05:47:29 AM EST
[ Parent ]

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