Forum Replies Created
First, they ignore you.
Second, they laugh at you.
Third, they fight you.
Then the lights go out, for inflationists and deflationists alike.
Huck is right about one thing: cash is not going to save you this late in the game. Arguably, neither anything else I can think of.August 29, 2014 at 3:45 am in reply to: Debt Rattle Aug 28 2014: EU Gas Supply Is In Real And Imminent Danger #14876
Many crickets heard on TAE lately (except for the lock&load noise of not being able to understand math, and moralizing the issues, as expected from the elite demographics). BTW, did the ZH article sellout help at all with the stats? It certainly does not look like it did.
Maybe it is not a good idea to censor deeply controversial comments after all…Questioning everything is really what gives the answer to the root of problem.
Oh, well, as they say, nothing new under the sun…seen this before…here it comes again…best of luck y’all!June 20, 2014 at 10:45 am in reply to: Debt Rattle Jun 19 2014: Growth When We Don’t Need It #13587
There is only one steady state economy possible: the one before grains ans seeds, which still exists in small communities untainted by seed worshiping (not necessarily hunter-gatherers, here’s a small example: https://www.youtube.com/watch?v=jvDIpOPlWJ8). But it is not very popular since it does not give us classics, philosophers, colored rectangular cloths, human-shaped rocks, high stone constructions to drool over deliriously, which could not have have been enjoyed anyway if not for the “criminal” debt. How’s that for an existential dilemma?
Of course, it could be that it’s just stupid&lazy on one side we don’t like, and criminal cabals on the other side we don’t particularly enjoy.June 7, 2014 at 2:24 am in reply to: Debt Rattle Jun 6 2014: Multiple Claims To Underlying Chinese Wealth #13377
I don’t think there’s a simpler way to put this:
ANY form of debt is an extra claim on the existing wealth.
The corollary is even simpler: Debt is always of the “fractional reserve” type.May 26, 2014 at 2:23 am in reply to: Physical Limits to Food Security: Water and Climate #13147
Addendum to TAE summary:
* The current economic system needs moar efficiency. Life-supporting systems for all animals are still standing.
* An alliance should be formed, which should politely ask whoever is at the top to use TEH memo explaining how humans should live. Pronto.May 24, 2014 at 2:28 am in reply to: Physical Limits to Food Security: Water and Climate #13120
<i>TAE Summary</i> the next generation: reloaded:
* Money is not a biological necessity. It is a choice, but we cannot help choosing it because of our evolutionary biology.
* This is interesting, but….
* Water goes nowhere, except when it goes into the cities. Then in goes somewhere, but we don’t know where; it is lost.
* Permaculture will solve all the problems, because it is cheaper.
* We need to finally make some agricultural profit, or else.
* This is good for sharing.
* Seismic activity is considerable. Considerable population crash is not.
* 300K plus living expenses, gives you at least some peace of seismic activity.
* 7 billion people will make quite a tremor when pushed through the neck of a bottle.
* Don’t bitch. Work hard. It worked for gramps.
* Water which is not lost should be wiped clean.
* Keep smiling. Clogged arteries lurk in the shadows.
Obviously, this last minute offer is not directed to long time TAE readership, so chill for a bit, ye commentators 🙂
Age: less than 55 (TAE readership is more than 55 on average)
Financial condition: at least half a mil USD (long time TAE readership=broke)
This offer is for new TAE readership, the only one who might have a go at it, if they sell at the top.
How many will they be, and how much would this help, is extremely uncertain, if you ask me. I don’t see this particular demographic being too eager to commune, but, hey, this is really the last chance.
Cory: I would not worry about houses at this point. As a matter of fact, houses should be really the last thing on your mind right now. What will you do around that house, which you will be able to choose, literally, might be a bit of a problem.
Best of luck, Nicole!
” [snip] since it was crucial to lure mom and pop back in”
Mom and pop believed the same story as the “bankerz and brokerz” did. The only difference is their relative place in the pyramid, Mom ans Pop are also onn the “credit” side, not on the “debt” side. From the point of view of a bottom “pyramider”, I personally see absolutely no difference between them, even though I acknowledge that debt is driving us all, from the top to the bottom, and no one has a choice but to participate….well, except those who could have the knowledge and also financial means not to participate. But even those are dismayed by how long this has been stretched, ant the consequences of this stretching having occurred at the top of the exponent.
Do you (and I include Nicole here) honestly still think that preparing for a deflation with the same strategy you outlined since 2008 is still valid? Please be honest, because it is “only” a matter of survival.April 17, 2014 at 2:32 am in reply to: Debt Rattle Apr 16 2014: Overpopulation Is Not A Problem For Us #12348
“Come to think of it the asteroid is popular as the destroyer.”
Yep, because it’s really quick and convenient. Split second. Wish it was that easy, but I’m sure it won’t be.
Human population rose exponentially on a logarithmic scale. That can easily be explained by the fact that food was produced for profit from pure-debt (promises) money, by the people doing G-d’s work on planet Earth. Food=people. People=consumers=more profit. Case closed. We were bred for profit, from promises, with promises, simply put.
Thank you Ilargi, for stressing nature’s laws above the new breed of G-d’s little helpers who start getting all overpopulation-controles-que these days, all about the age of 50 or more. I don’t agree with many thing you say here, and I’m also not naive in knowing they are things some want to hear, but this is one of the BIG fundamentals, and I applaud you for saying it out loud.
Nature had laws for this. It is not “our” problem.April 16, 2014 at 10:58 am in reply to: Debt Rattle Apr 15 2014: This Is Where We Say Good Night And Good Luck? #12323
“No need to worry about how many people need to disappear for any given amount of time.”
Actually, you do need to worry. The psychological effects of the sheer number of people which must mathematically disappear (remember Chefurka’s population essay?) will be such a mental burden on those who chose to, try to, or be more inclined to have a chance to survive, that it might just collapse the species to extinction through a death spiral of despair. Contrary to other species, ours is fundamentally driven psychologically by cultural stories and mass delusions.
Good to hear that not only GS is deluded in doing G-d’s work on this planet, D!
Stupid&Lazy must be kept alive by the the anointed ones, or surely there will be no anointment. LOL.
You guys crack me up!
Thanks for the fun!
Oh, by the way, Nicole, a great article!
Seeds are THE problem indeed.
It goes something like this (warning for sensible souls: explicit lyrics):
I’m JPMorgan, you’re JPMorgan, all of us are JPMorgan.
.October 11, 2013 at 11:50 am in reply to: Gordon Gecko Moved To London To Finish Where He Left Off #9320
In pure mathematical terms, completely ignoring terms of right or wrong, wealth or poverty, profit is an exponential function that can only exist if exponential money supply exists to satisfy this growth (cost plus profit). Any hard currency is incompatible with profit, that’s why it was always replaced by something that allowed the exponential inflation of the money supply.
The root driver of our demise is indeed profit, more specifically the production of food for profit, because this generates an exponential inflation of … you guessed it: people.
I’m amazed that long time readers/commenters have problems grasping simple mathematical facts. This may indeed go against everything we’ve been taught and would like to believe, and it can be debated if this is “right or wrong” and for whom it’s a good thing, and for whom it’s a really, really bad thing, but arithmetic is not debatable, and arithmetic says profit is an exponential function.
EDIT: Oh, before I forget, the moneylenders are also doing it for profit.
The comment below is made by the top dog karma commenter, Wit Moar Karma than the adminz!!!!111.
How far the mighty have fallen.
The only ones taking abuse were those who did not take on any debt during this period. The rest, at least did have some fun. The fact that we artificially stayed at the top for this long all but guarantees that even those who did not take on any debt will not have a chance because the crash will be much too profound. Personally I’m not blaming anyone else, because I had the same frame of mind, but now I don’t see any good coming out of it, even for those without debt and with some cash/treasuries/gold/whatever stashed away from the system.
The road ahead starts looking like “The Road”, or like those guys from Easter Island cutting the last tree, because, well, it did not matter anymore.
Oh, well…it was the only thing to try and hope for, but I’m afraid it won’t help anymore.
This is what Bernanke is REALLY saying 😆
What Bernanke is really saying 😆 :
gurusid post=7693 wrote: TAE 3.0: What do you want to see?
A “delete profile” function.
stoneleigh post=7614 wrote: I’ve been lucky enough to meet many of them in person on my travels, but would very much like to see them back here..
This green slime is falling off the back of the bus, as they say, so I’ll probably be missing the merry reunion, because internet access will be the thing to go next after a job loss or when switching to a factory floor job. We’ll see. Things on the ground (as opposed to nice graphs and statistics) are rapidly deteriorating for many people I know, also.
Science has been used as religion since it has become too complex to be independently verified.
As an aside, science should have ended once it was discovered that its God is dead and its Heaven does not exist (that was when the Laws of Thermodynamics were discovered).
Jack post=7596 wrote:
This will be the method as a source of energy in the future because they cant suppress this forever.
What implication will all this have on the global economic system.
Millions of slaves on stationary bike generators providing their masters with electricity after having worked in the fields planting seeds, and right before being sent to clean up the nuke sludge when they cannot generate enough electricity anymore?
[strike]Doom[/strike]homestead; not Nicole’s, which I hope to see IRL.
There are still some industrial inputs, but minimal. It’s livable.
Enjoy, it’s a blast:
Dorothea Lange has some illustrations of how a smaller debt deflation has affected everyone at a certain point in fairly recent history, including those without debt.
Man, I wish TAE would use some of Lange’s illustrations in their excellent articles. :whistle:
Has Jay Hanson actually ever seen the mythical creature chomping grass in real life, or he simply read about it in some dead dude’s story book?
william post=7493 wrote: Higher interest rates by definition mean inflation.
TAE Summary, quit posting incognito!
The [strike]dollar holders[/strike] credit “worthy” have already [strike]bought[/strike] claimed all existing, future and imaginary stuff.
There’s no money to buy all this stuff.
Seeds as food made compound interest and exponential population growth, not the other way around. Monsanto is simply the industrial expression of the “seeds-for-food-because-they-can-be-controlled-centrally” paradigm.
The following cannot happen in pastoral/horticultural societies:
Waiting for grains to be divided by the feudal lord:
Definitely FOE, but as an effect, not as a cause.
Industrialization does not pay unless you make a nice EUnion and indebt everyone else in it into buying your products (mostly carrzzzz). Even then it does not pay, it just appears to do so for a while, until the exported insolvency hits the fan.
Considering the level of debt and the inability to grow more than 39% of the food they eat, Japan can be considered (radio)actively extinct. They should not even try anything anymore.
So … praying for an asteroid, or at least that the Nips go mayan or rapa-nui first, and then they can be blamed for ruining the nice game for everybody,
U guys bugged out already? :blink:
Just in hot off the press:
Hamburg “avoids radiation disaster” as ship loaded with fissile material, explosives burns:
In a depression these things will happen on a daily basis.
Ireland’s population still hasn’t recovered (will it ever?)
If the goal is to increase the population at all costs,then by all means, yes, it might recover. The rest of the world stands as a fine example that, if that’s your particular goal, you can achieve it by using a combination of traditional and industrial religion
Why, oh, why?
Because it`s a bubble, just like housing. :whistle:
Euros buy (!steal!) stuff, burn gasoline (see SfV’s comment), make people delusional into thinking they are a new&improved species, unlike anything ever before; they don’t steal from others & their children and their own children, they spread democracy and build a better world; debt is just the way this “scorched earth on credit” enlightenment works; I’ll bet even G-d wants Euro, not liras (pesetas, etc), that`s small potatoes:
This species has amused itself to death.
Can’t you see, it makes perfect sense, expressed in Euros and cents:
Actually it doesn’t make any sense in any currency, but who cares about that anymore?
The “D”-word has reappeared in the news. And it’s not related only to Japan this time.
Climate science may be controversial. Hell, even peak oil seems to be controversial for many.
However, finance shouldn’t be, since it is simple math (even exponents can be reduced to additions and subtractions using logarithms). What to do when many (even people who should know better) chose to ignore even finance (simple math and balance sheets).
Such is the religion of our times.
EDIT: Worse is (IMHO, of course) peak oil and climate change awareness without as much as giving a second thought to finance.
As long as population grows, there will be demand for them to do stuff (economic growth or wars).
As long as food production grows, there will be population growth, and therefore need for economic growth (doing stuff) or wars (breaking stuff).
As long as food standards are lowered (eating lower and lower on the food chain), even if food production cannot grow as fast, there will be faster population growth, and demand for economic growth or wars; bonus points for having a sick, obedient and domesticated population cheaply fed.
Putting food under lock and key was one of the great innovations of your culture. No other culture in history has ever put food under lock and key – and putting it there is the cornerstone of your economy
–Daniel QuinnApril 17, 2013 at 1:33 am in reply to: Nicole Foss In Australia: It's No Use Trying To Build A Better Dinosaur #7430
Yep. No carbon footprint reduction that I heard of, either, probably because it doesn’t work.
Simply not going into debt and realizing how outrageously overpriced cars and houses are, takes care of much of the footprint.
On the other hand, people who are vaguely aware of something being wrong will always tell you you’re not “doing anything” about it. No matter how much you try to explain that paying down debt (and almost hopelessly avoiding getting into it again because everyone else is causing the inflation by taking on debt and “doing something”) and saving (*gasps*what’s saving, that’s like what old people living last century did, no?) takes most of your time and you don’t have enough resources to “do something”, the “do something about it” meme is prevailing. I wonder about many transition movements made with debt…and with indebted people…how long will they last.
EDIT: There was a Guy who preached lowering carbon footprint for everybody (except for him, because in his case, he was trying to burn it as fast as possible to save the Planet, go figure). I think he went down under for a visit also. Maybe that’s the Guy or P[strike]h[/strike]erson that’s being referred.
TheTrivium4TW post=7124 wrote:
No sovereign nation would all Debt Money Tyranny to be inflicted upon it and no sovereign nation would allow private interests to criminally blow the world’s largest credit bubble so it could pop and destroy the economy of the country….
Trivium, the problem here is that the beloved economy cannot function without debt. It shouldn’t be so hard for someone to educate himself about this somewhat overlooked detail.
There’s NO economy without some kind of slaves (future generations via debt, or real slaves in sweatshops).
Even Mr. Fire, Brimstone & Orkin Men you mentioned, has absolutely no problem with this arrangement as long as his longs & shorts suck some wealth from present and future slaves. Only when the dollar/debt tyranny conduit fails to bring the yield in already full precious pocketssess, then it’s all piggies, tyrants, Illuminati, and the “bring the guillotines” cry!
OT: US has raised DefCon to 3 very silently.
Couple that with the yellow metal’s incipient crash, next week looks like a good candidate for popcorn week.
On the other hand, she just did what was asked of her. The bulk of the voters asked that the politicians get their head out of their asses and do something. Which they did.
Just as the same bulk of voters ask the same thing now, and they have even more to lose. Anything to keep the values of their possessions high, or else all the advantage of having been the first to take on debt goes away in smoke.