Financial topics

[Higgenbotham]

I'll tell you what. I'll bet each of you $10,000 that I'm right and
you're wrong. So, five years after World War III ends, if the world
still exists, then you each owe me $10,000. But if the world no
longer exists, then I owe each of you $10,000.

John, if your heirs promise to put the defunct notes next to what remains of my skeleton, you've got a deal.

[Higgenbotham]

http://www.financialsensenewshour.com/b ... 0829-1.mp3

I just fell asleep listening to Martin Armstrong talk about how the Dow is going to go from 12,000 to 30-40,000.

[aedens]

The point is basic H, you can run things with, or without robots. Granted I cannot cast a motor housing either for a 384t three phase frame
since the division of labor is past crucial. As we conveyed the humble pencil production process. No, the Sun will come up and really more get it than not.

As conveyed,
Quantifying the effects of the collapse of the Roman Empire is not an exact science. But from the start to the finish of the first millenium AD, according to the economic historian Angus Maddison, the economy of Western Europe shrank by around a quarter, and that of Italy itself by nearly half.
What this meant for Britain has been spelt out by the Oxford historian Bryan Ward-Perkins. After the Romans left in 410 AD, the archaeological record suggests that the economy slumped to a much more primitive level than on their arrival nearly 400 years earlier.
The reason is clear enough. The more complex and specialised an economy becomes, the more helpless its individuals are in the face of breakdown. The Romans introduced a higher level of complexity to Britain, then took it back home again.

We are seeing this as we speak on numerous levels now. What we know as fact with transhumanism almost full trottle now is once these skill sets are lost it cannot be replaced and to be blunt contractors only fix things when they break, ask China. As you know telemetry was conveyed to even the local Congress critters and we still had the largest ever spill. You cannot convince any one of anything anymore since as we grow dim over time they insist they know everything. To covet covers so much, time cannot enable a frame work for conditions. As for Johns challenge I have already given that much to those who are in need. As one told you are the only guy I ever knew who gave me the quart of oil I needed and not the money to buy it. There is the problem. Utility defines value of the solution. Phase three is underway indeed for best practise and they think control was a option for the management of scarce resources in a fiat regime. I seen a insulator for a device that was so old it is still denied it ever existed since it was before the last ice age. Nothing new under the sun some very smart guy conveyed. One group of folks was sentenced for 430 years since it was seen. The law cannot ever be fullfilled and the irony is it was already a process before most even new what it was. It was a covenant to instruct what was, and will be. Just passing through.....

[Higgenbotham]

This sums up the change in my thinking. The change was due to the failure to properly respond, not due to any evolution in my thinking. I've always been fairly open to how deep the collapse would be and that it wasn't decided before 2011. I had several interchanges with Lily in the first half of 2011 talking about depth of collapse that were consistent with that.


2008 and 2009 - It can be a normal 20 year Depression. Mentioned repeatedly here.


October 2011 - A Dark Age is likely coming rather than a typical Depression. This was mostly due to the fact that the world's Central Bankers announced that they were going to fight market forces and attempt to deviate from the normal bubble that I posted on the chart this weekend. Quote from that month:

My prediction 2 years ago as you quoted was that some of the big box units would get recycled in this manner after a bankruptcy. Since then, a lot of damage has been done to the economy with QE2, etc. My initial reaction is to say it will be impossible to get a reconstitution of big box retail in most or all US metro areas due to the damage inflicted over the past 2 years. More likely is that most US cities will decay and crumble, and most big box structures will be abandoned.

December 2012 - Dark Age is coming for sure. Quote from that month:

This specifies the effect that mann described, which I would term the inability to reconstitute. The wasting process Bernanke has employed has had 4 effects - depletion of savings to reconstitute, depletion of time to reconstitute due to the aging of the population, depletion of knowledge to reconstitute, and depletion of opportunities to reconstitute as the general economy has become more unsound and unstable.

August 2015 - It will be worse than any collapse in history and no human industrial or agrarian civilizations will survive. At best, it will revert to hunter gatherer bands.

The trip to the bottom will be a multi decade process though because people will be able to use things until they wear out. But no manufacturing of new items will be possible.

[Higgenbotham]

BO and the GenX hordes have systematically destroyed the US over 7+ years and there will be no turning back the clock now.

Close enough. The key sentiment is, "...systematically destroyed the US over 7+ years and there will be no turning back the clock now." Who primarily did it doesn't really matter. The window of opportunity for turning back from the abyss is closed and the civilization has been irreversibly destroyed.

[John]

Dow futures are down 153. Asian stocks are falling. Shangai stock
market is just opening, down 1%.

This is all being covered live on Bloomberg TV, for those
who enjoy the play by play.

[gerald]

This sums up the change in my thinking. The change was due to the failure to properly respond, not due to any evolution in my thinking. I've always been fairly open to how deep the collapse would be and that it wasn't decided before 2011. I had several interchanges with Lily in the first half of 2011 talking about depth of collapse that were consistent with that.


2008 and 2009 - It can be a normal 20 year Depression. Mentioned repeatedly here.


October 2011 - A Dark Age is likely coming rather than a typical Depression. This was mostly due to the fact that the world's Central Bankers announced that they were going to fight market forces and attempt to deviate from the normal bubble that I posted on the chart this weekend. Quote from that month:

My prediction 2 years ago as you quoted was that some of the big box units would get recycled in this manner after a bankruptcy. Since then, a lot of damage has been done to the economy with QE2, etc. My initial reaction is to say it will be impossible to get a reconstitution of big box retail in most or all US metro areas due to the damage inflicted over the past 2 years. More likely is that most US cities will decay and crumble, and most big box structures will be abandoned.

December 2012 - Dark Age is coming for sure. Quote from that month:

This specifies the effect that mann described, which I would term the inability to reconstitute. The wasting process Bernanke has employed has had 4 effects - depletion of savings to reconstitute, depletion of time to reconstitute due to the aging of the population, depletion of knowledge to reconstitute, and depletion of opportunities to reconstitute as the general economy has become more unsound and unstable.

August 2015 - It will be worse than any collapse in history and no human industrial or agrarian civilizations will survive. At best, it will revert to hunter gatherer bands.

The trip to the bottom will be a multi decade process though because people will be able to use things until they wear out. But no manufacturing of new items will be possible.

Multi decade process ??? gee are you upbeat.

Lets see -- we appear to be heading into a Maunder Minimum, = global crop failure
we can have a Carrington event at any time = ending age of electricity and computer data storage
we could be heading into a pole shift - magnetic poles are realigning faster and faster, today you are in a temperate climate, tomorrow you
are at the poles and frozen -- see Mastodon extinction , flash frozen.

Hmmm -- what is left of humanity will then be in the stone age. To paraphrase a US park ranger --- The problem with humanity is that it acts as how humanity thinks nature should be, and not how nature is.

[Higgenbotham]

Multi decade process ??? gee are you upbeat.

Hmmm -- what is left of humanity will then be in the stone age.

True. If there's say 3 million people left in the US as things wind down toward a bottom that is some decades away, there will be a lot of usable material to scrounge out of empty buildings. And having that stuff to use before it all wears out will help some. Once it all wears out or can no longer be accessed then it's back to the Stone Age for real. Interestingly, the fact that there will be a lot of free clothing, etc., to scrounge out of abandoned buildings will be the very thing that makes the ability to manufacture go away for good. Why learn to make clothing when you can just take it out of dead people's closets.

Haven't seen it mentioned here but it is Iran's stated goal as of this year to wipe out the US electrical grid with an EMP.
http://www.washingtontimes.com/news/201 ... /?page=all

The Congressional EMP Commission estimated a nationwide blackout lasting one year could kill anywhere from two of every three Americans by a low estimate up to nine of 10 Americans by starvation and social disruption.

“Death to America” is more than merely an Iranian chant — Tehran’s military is planning to be able to make a nuclear EMP attack.

[aedens]

http://www.mnn.com/earth-matters/space/ ... ial-region
We have no clue and they do not either on transmission issues. We already know why, when and how is another effect.
SOHO concludes the high temperature of the corona is a puzzle to solar physicists since the bright 'surface' of the Sun is only about 5700 C and therefore not able to heat the corona to over a million degrees by any of the thermodynamic methods with which we're all familiar - conduction, convection, radiation. Thus scientists think that magnetic activity may be responsible, the exact mechanism is still under investigation.

They found a space void so vast recently no system can model it and the current math was pushed into the trash bin again.
No Human knows point blank fact on that issue also last we hear.
Observations made using the Very Large Array (VLA) radio telescope only map and photons diminish in signature energy.

[aedens]

http://www.amazon.com/Japanese-Diplomat ... 0275961990 p. 17

& ISBN-10: 9652291714 ISBN-13: 978-9652291714

Beasley, W.G. (1991). Japanese Imperialism 1894-1945. Oxford University Press. ISBN 0-19-822168-1.
Buruma, Ian (2004). Inventing Japan, 1854-1964. Modern Library. ISBN 0-8129-7286-4.
Gow, Ian (2004). Military Intervention in Pre-War Japanese Politics: Admiral Kato Kanji and the Washington System'. RoutledgeCurzon. ISBN 0-7007-1315-8.
Harries, Meirion (1994). Soldiers of the Sun: The Rise and Fall of the Imperial Japanese Army. Random House; Reprint edition. ISBN 0-679-75303-6.
Samuels, Richard J (2007). Securing Japan: Tokyo's Grand Strategy and the Future of East Asia. Cornell University Press. ISBN 0-8014-4612-0.
Spector, Ronald (1985). Eagle Against the Sun: The American War With Japan. Vintage. ISBN 0-394-74101-3.

thread noske : https://en.m.wikipedia.org/wiki/February_26_Incident
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