tag:blogger.com,1999:blog-4102429195693595750.post105893582601974563..comments2024-03-22T05:15:17.042+02:00Comments on Sudden Debt: Credit Crisis vs. Permagrowth CrisisHellasioushttp://www.blogger.com/profile/03564511281240682625noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-4102429195693595750.post-65282543860339908872009-11-10T20:02:57.226+02:002009-11-10T20:02:57.226+02:00What would a narcissistic, godless, worshipper of ...What would a narcissistic, godless, worshipper of Mammon like Lloyd Blankfein know about the work of The Almighty?Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-56986836640113251152009-11-10T06:57:12.924+02:002009-11-10T06:57:12.924+02:00Thanks for the explanation HAL. I promise to keep ...Thanks for the explanation HAL. I promise to keep your memory units intact (smile).Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-24859360556221953562009-11-10T03:16:38.467+02:002009-11-10T03:16:38.467+02:00Permagrowth refers to the presumed perpetual growt...Permagrowth refers to the presumed perpetual growth of credit/debt, resource/energy requirements, and population. Politically, socially, and economically, much of the globe operates with this model. Hellasious, and others, postulate on the causes, possible outcomes, and possible alternatives to the permagrowth juggernaut including its possible demise or eventual transformation by fire or perhaps the advent of rational cooperation with planned sustainability (don't hold your breath Dave, unless you are trying to bypass the pod bay doors)HAL 10000noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-25972094789584668282009-11-10T02:23:35.845+02:002009-11-10T02:23:35.845+02:00"Permagrowth/Permadebt is also completely ant..."Permagrowth/Permadebt is also completely antithetical to natural law, the simple truth of energy conservation and the constant increase of entropy."<br /><br />Hell, Would you please explain the term 'permagrowth' or point me to some other post that does so? I understand the rest of the topics you discuss, but this particular term is unfamiliar to me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-86531244748702048212009-11-09T21:47:26.716+02:002009-11-09T21:47:26.716+02:00Then I'll quite fittingly post this: http://ww...Then I'll quite fittingly post this: http://www.youtube.com/watch?v=y4UyEUldOLQ <br /><br />2 hours, yes, but doesn't get boring at any pointObservernoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-70567213521909217952009-11-09T21:18:57.461+02:002009-11-09T21:18:57.461+02:00..Lloyd Blankfein's stated that banks are doin.....Lloyd Blankfein's stated that banks are doing "God's work"...<br /><br />First I thought it was a joke, or editorial hyperbole. Sadly, however, it's true - he did just say it at a Times of London interview. <br /><br />What can I say, but: "Those whom Gods wish to destroy they first make mad".<br /><br />Oh, and it's a pretty good contrarian sign, like the hedge fund guy who said he could raise a billion dollars at the snap of his fingers. About six months before the bottom fell out...Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-8993135179682260962009-11-09T20:46:34.528+02:002009-11-09T20:46:34.528+02:00As an addendum to Banker X's post, Lloyd Blank...As an addendum to Banker X's post, Lloyd Blankfein's stated that banks are doing "God's work". They really are a bunch of arrogant and self righteous asses.dmsteidlhttps://www.blogger.com/profile/02214746038205681659noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-14915471789616172182009-11-09T18:03:17.534+02:002009-11-09T18:03:17.534+02:00Poor Hellasious,
My brethren and I piteously rega...Poor Hellasious,<br /><br />My brethren and I piteously regard these quixotic ideals. We have transcended the nation-state. Sun Tzu would learn much from us. We have contingencies for Sigma events. If Rome falls, we will move on. We will adapt, others will perish. The laws of nature work in our favor. Entropy is a powerful fulcrum, we use it to leverage at our whim. Even when you think you have achieved victory, it is simply an intentionally engineered societal control. Oh, Cicero! We will abuse your patience indefinitely!Banker Xnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-7830663559755422132009-11-09T17:49:13.957+02:002009-11-09T17:49:13.957+02:00ShadowStats now has U3+U6 unemployment at 22.1% AN...ShadowStats now has U3+U6 unemployment at 22.1% AND we are still bleeding. <br /><br />CRE is now starting to roll over so it's going to get much worse. The next leg down is upon us.<br /><br />I see this as a baton pass-off. The British passed it to us and now we shall pass it to the east. <br /><br />TPTB have no interest in national borders. They simply control money and move it to where it best suits them.<br /><br />Joe M.Joehttps://www.blogger.com/profile/16005483996588605077noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-76893066613844130002009-11-09T17:29:20.360+02:002009-11-09T17:29:20.360+02:00"Permagrowth/Permadebt is also completely ant..."Permagrowth/Permadebt is also completely antithetical to natural law"<br /><br />Absolutely. I'm just stunned how daily life seems to be ambling forward as usual even though our nation's financial machinery is self-destructing beneath us.<br /><br />It reminds me of a character in Lucifer's Hammer (a sci fi book about an asteroid strike hitting Earth). Not knowing what to do after the "hammerfall", The Mailman decides to just keep delivering the mail in his sack. He doesn't question what he will do when his sack is empty or why people even need their deliveries at this point; he just doesn't know what else to do.Dinkhttps://www.blogger.com/profile/10907199567928816652noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-62290371293835607542009-11-09T16:11:50.255+02:002009-11-09T16:11:50.255+02:00Re: "we will indeed have learned nothing and ...Re: "we will indeed have learned nothing and soon be responsible for our own demise... again"<br /><br />Amen, on this you and I truly agree<br /><br /><br />So I see you have come back to the other stage you truly excel at, namely your kinder and gentler Malthusianism- Kudos. <br /><br />But there are a few scattered pieces in this thread you suggested you might put together so the rest of us could see the model better:<br /><br />1. How will debt forgiveness save flipper?<br />2. How will you change people's behavior?<br />3. What system of control do you suggest we install that you do not see as totalitarian?<br />4. What will be the consequence of failure to comply?<br /><br /><br />You reject a gold standard where people might have less influence on supply (I don't really know if this is true or not) for a standard linked to energy growth (but easily manipulated when the scientists are corrupted), etc... <br /><br />But it seems your model is complex, with lots of parts dependent upon one another, and in the end simply swaps one risk for its twin in the end.<br /><br />Awaiting the rest of the model<br /><br />RegardsThaihttps://www.blogger.com/profile/00700253024420397221noreply@blogger.com