Forum Replies Created
February 4, 2014 at 12:52 am in reply to: Debt Rattle Feb 3 2014: The Future Of Our Children Is Taking Shape Today #11045
To R Rapier’s point, I just got done watching theGerman interview on LiveLeak with Snowden and in some ways he seems like a man looking back over his shoulder while leading a charge and seeing… nothing!
To anyone with the patience to answer a very simple question… While talking with a friend the other day regarding the “World of Change” type issues, he simply said, “Fiat currencies are all faith-based anyway, so why don’t we just keep the faith and it all moves along fine?”
He doesn’t really believe it will, nor do I (history does have something to teach us), but I was not able to give a clear answer. Do financial players “attack” a country or position eventually (never quite understood how they “attack” a currency, country…). Do the markets eventually take over bond/interest rates?
My way of understanding (part of) the current situation is that we ARE in a depression/deflation, but the money is going to buy all this bad paper… just reading the numbers on DB’s derivatives tells you that that is a bottomless pit… that paper will never be paid off and then hyperinflation start.
Guess I’ll just go back to work, strive to be worth more than I’m paid, stay out of debt, learn skills, take care of the garden and the chickens, continue building a small community of semi-like-minded folk… (but I am curious about this “higher-level” financial thinking stuff…)January 29, 2014 at 12:49 pm in reply to: Debt Rattle Jan 28 2014: Squandered Blood and Angry Birds #10881
Apropos of nothing, but also maybe everything… I swing a hammer for work, and usually have a radio on, and the unrelenting talk about “cutting spending”, and “welfare” and all that makes me sick because these talking heads can’t seem to turn around and see the $ (fill in the blank) billion PER MONTH that the Fed is spending as more of the same.
Talking with a co-worker yesterday and we realized that if your industry is so overwhelmingly vital to the everyday life of the United States of A, that you can’t possibly fail or everyone goes down with you… then you are not a “free market industry”… you are a UTILITY. And like water, electricity, transportation, you should be GOVERNED like a utility. And that includes appropriation for your (much less than imagined) personal risk.
We also realized that this is the perennial system, it’s not gonna change. But it sure makes for interesting conversation.
Banking is a Utility now…
Good evening Ilargi,
I, for one, enjoyed that thread. Speaking for myself, different parts of this whole complex mess become “clear” (if that’s possible) at different times… the whole “energy needed to support this level of complexity” is one I’m still trying to wrap my brain around.
With regard to the debt, it’s a tough one to even begin to grasp for a lot of reasons, and I’ll name two: (a) the CONSTANT message – brainwashing? – coming from the powers-that-be (and their shills) that everything is good, and (b) the sheer ENORMITY of the numbers. It’s like trying to think in geological time or something… incomprehensible.
I appreciate you and Nicole and others reaching out to give a mental “hand-up” to me when I’m stuck on aspect that may be clear-as-day to you/them, but a new and/or confusing concept to me. Back in the late 80’s, fresh out of college, I was working for a Fortune 500 company and I remember the plant manager of our flagship plant telling me that government debt didn’t matter… (sure would be interesting to run into HIM today!)
Thanks for more clarity. The folks you have commenting on your blog are unsurpassed, in my book.
Ilargi, we need to get you back up to speed (for OUR sanity), so I just dropped some coin in the hat… Hope we can keep this ball rolling.
This might be obvious to many others, but I’m new to this thinking… I have really been spending a lot of time thinking about the whole idea of “economical” energy entering into a system at the bottom, and the amount of energy relative to the level of complexity that a system can support (lion-eating tuna fish, what an image!).
I hear all these “ads” from the local university lauding their work in “nano-technology”, and “genomic medicine”. I was always suspicious, but this “energy” thinking kind of gives me some structure to apply.
However, I’m hoping that someone can take a moment to give me some direction on why financialization of a society is one of the highest forms of complexity. I actually buy that idea on faith, but can’t seem to get from a-to-f… anyone?
(If finance is a leading indicator, and also supplies the lifeblood of our systems, it would seem to be a brilliant thought to add fast/slow financial crack-up as a parameter).
Thanks in advance.
Writings like this are why I have been reading S/I (Stoneleigh/Ilargi) since The Oil Drum. I don’t seem to have the mental horsepower to pull such a wide variety of “learnings” together so cohesively, but think I have enough to appreciate those who can…
Living down here where we go “Deerhunting With Jesus” (RIP Mr. Bageant), the beneficiaries of the system are living in very close proximity to those at the bottom. My work allows me to interact with both sides at length, see into both worlds, as it were. From what I see/hear, the folks on the bottom are much more in “tune” with the prevailing winds than the folks on the top.
In thinking about the previous thread of conversation, especially that “triggered” by Cory, I do like the way that S/I articulate their big picture, including surmises at steps and phases. I try to approach it like the scientific method: make a hypothesis and then look at the data. (It’s that “picking and choosing” of data that really gets tough). Reading the various news sources, watching for clues in the world around me (while monitoring my personal filter)… are they reinforcing the hypothesis? Contradicting? Making modification necessary? I have yet to find another hypothesis so clearly articulated, and still so solid five years on.
Any other readers out there comparing “facts” to the hypothesis?
I like James’ last line… “If people are encouraged to think in systemic terms, they can’t be baffled by [the bafflers].”
Once again, the “timing” issue. It has cost me, as well. No one expected the lengths to which they have gone (e.g. QE), but now it’s pretty clear that there are no limits. I have switched to viewing it like a melting polar ice cap – we’ll see steady melting, occasionally a big berg will calve off, and then back to the steady melt. Everyday a struggle to find balance between that inevitability/eventuality, and “today”.