tag:blogger.com,1999:blog-4102429195693595750.post6121185828985359401..comments2024-03-22T05:15:17.042+02:00Comments on Sudden Debt: Lords of Finance, TodayHellasioushttp://www.blogger.com/profile/03564511281240682625noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-4102429195693595750.post-46099673083222931862009-03-30T21:19:00.000+03:002009-03-30T21:19:00.000+03:00Cheering the bankers on as they issued home loans ...Cheering the bankers on as they issued home loans to people who couldn't afford to service them.Yauhttps://www.blogger.com/profile/00739777043491722892noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-91496588508225039862009-03-19T22:19:00.000+02:002009-03-19T22:19:00.000+02:00But why be suckered easily? Sure, we better be gre...But why be suckered easily? Sure, we better be green, lest we live in our own 'droppings', no doubt, but we do not need hype.<BR/><BR/>Science has had many flops throughout time, including phrenology, racial hygiene (yes, yes I'm using the almost funny blind hatred against everything Nazi as a lever) and others uncounted, now why couldn't Gore and some lab rats be wrong? After all, they can make a good living that way, so they are very interested.<BR/><BR/>I once saw a chart of how much CO2 is tied up in world's oceans (that can be released if the temperature rises and rises) as well as some dynamics, and the amount DWARFS manmade emissions. So I'm inclined to believe our Sun is still the main big oven frying our planet, and no doubt it changes over centuries.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-72049720496366109592009-03-19T06:41:00.000+02:002009-03-19T06:41:00.000+02:00Re: GreenbackIn my proposal the Greenback is the r...Re: Greenback<BR/><BR/>In my proposal the Greenback is the regular currency. Actually, NOTHING would change but the rate at which money supply fluctuates up or down, as put forth in my post from some time ago. The same dollar, the same banking system, the same Fed. <BR/><BR/>Of course targeting money supply against renewable energy is quite a departure from current practice, but for 99.99% of the people the effect would be imperceptible.<BR/><BR/>Regards,<BR/>H.Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-20330536936467181182009-03-19T04:56:00.000+02:002009-03-19T04:56:00.000+02:00Hell, I'm interested to know if you envisage the G...Hell, I'm interested to know if you envisage the Greenback as being a 'complementary currency', as Bernard Lieter uses the term (eg here: http://www.altruists.org/f845) or as a replacement for our existing currencies?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-13684129113729176682009-03-19T04:21:00.000+02:002009-03-19T04:21:00.000+02:00How supremely ironic that on this day of all days,...How supremely ironic that on this day of all days, when the ghastly Federal Reserve publicly and grotesquely re-asserted its commitment to monetize sovereign debt, that you are advertising a tome which attempts to lay some sort of responsibility for The Great Depression at the feet of the gold standard. Yes, I know your point wasn't to besmirch gold per se, but then again...<BR/><BR/>As for the irony, well, for those of you who weren't paying attention, gold staged a spectacular reversal after being beaten down (almost certainly at the behest of central bankers), and because PMs, if you have the sense to own them, are going to be invaluable to one's well being going forward. <BR/><BR/>As for Maynard Keynes, he and his philosophy are the real barbarous relics.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-52061168391863347782009-03-19T00:36:00.000+02:002009-03-19T00:36:00.000+02:00Homo sarcasticus, I beg to differ with you over th...Homo sarcasticus, I beg to differ with you over the question of the sun being the REAL culprit.<BR/>I think that we humans have always been incredibly gifted at taking exclusive credit for all POSITIVE developments, or what masquerades at such, while shirking off ALL responsibility for what could possibly be perceived as negative.<BR/>That is an ethological truth in my book...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-5004049806523569512009-03-18T20:44:00.000+02:002009-03-18T20:44:00.000+02:00Question: where was the mainstream press when the ...Question: where was the mainstream press when the real looting was taking place?<BR/><BR/>Answer: why, they were still there, farting in their chairs and lauding the winners - the always brilliant and virile speculators! Hip-hip-hurrah!<BR/>But I understand that was a rhetorical question.<BR/><BR/>As for the 'green' economy, I must say it has some hidden bombs. Unless implemented thoroughly and mindfully, lowly 'carbon quota' sales and similar crap might as well come to forefront and cast a deadly shadow on otherwise positive developments.<BR/>There are enough smart people who call this carbon and temperature stuff false science already, because it is pretty obvious that sun is the main culprit. Humans are mostly just accenting a bad trend and maybe making it irreversible.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-49288529427064423392009-03-18T19:34:00.000+02:002009-03-18T19:34:00.000+02:00I think that your idea of basing monetary "value" ...I think that your idea of basing monetary "value" on energy is interesting.<BR/>It brings one important change to the concept of monetary value itself, and that is the idea that the relationship between the symbol and the value it represents is no longer arbitrary. I'm not sure if/ how this works. I don't know.<BR/>But... as far as the permagrowth model is concerned, I AM SURE that the very existence of credit cards is based on an ideology of unlimited money, and that, given this psychological fact, trying to create a sustainable model while using instruments that encourage UNLIMITED access or unlimited quantities of credit/money is counterproductive.<BR/>For proof, I cite the case of France's current medical system, where we all run around with cute little "carte vitales" THAT LOOK LIKE CREDIT CARDS, and that we present to doctors and pharmacists, sometimes in lieu of pulling out payment in what is called "tiers payant". Of course, that does not preclude being signed up for a health program, and a complementary health program, but the simple fact of having what LOOKS and often ACTS like a credit card in one's hand has done wonders for inflating the consumption of health care service in France.<BR/>So, if we want OUT of permagrowth, we will have to axe the credit card, in my opinion...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-7663307307651608512009-03-18T18:02:00.000+02:002009-03-18T18:02:00.000+02:00Roger (and Anon):"I can't help but think about exa...Roger (and Anon):<BR/><BR/>"I can't help but think about examples of industry changers: Silicon Valley; Japanese auto makers; BMW automobiles. But were these movements a result of government involvement?"<BR/><BR/>No but nuclear power, the interstate highway system, and rural electrification were. Hows' them for "industry changers"?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-84078638379176220282009-03-18T17:20:00.000+02:002009-03-18T17:20:00.000+02:00H:Many thanks for another insightful post.OT:Your ...H:<BR/><BR/>Many thanks for another insightful post.<BR/><BR/>OT:<BR/>Your banner quotes, especially the ones written by Cicero, et.al. describing ancient Roman government & societal conditions have a remarkable correlation to our present state. Any chance you can post links or source for some of those?Unknownhttps://www.blogger.com/profile/08086365209049821773noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-1672215428685465092009-03-18T15:44:00.000+02:002009-03-18T15:44:00.000+02:00A government enterprise can never be commercialize...A government enterprise can never be commercialized no matter how many external features of private enterprise are superimposed on it.<BR/>I call that the predicated business cyle as does history. They are the customers who are always right, the patrons who have the power to make poor suppliers rich and rich suppliers poor. The consumers are merciless. In public administration there is no connection between revenue and expenditure period. The corruption of the regulatory bodies does not shake the totaly blind confidence in the infallibility and perfection of the state; it merely fills them with moral aversion to entrepreneurs and capitalists who cleary go where it is best treated. I still work corporate and have for 30 plus years so I have 2 bureaucracy' to survive in the first place. We are in the process from the consumers to adjust staff to maintain proper cash flow and guess who are going at work and not in goverment to date so who brings what advantages. If the State does not see free trade at home you are never going to go anywhere. Michigan is asking now for voter's to change the tax structure with no viable PLAN IN THE FIRST PLACE. They do have the capital or knowledge to do so. What the government spends more on the public spends less. Im sorry you do not see the light of day to situation we are really at IMO. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between the consumers views and those of the business managers, market pressures assure that the views of the consumers win out eventually. Supply x and y and we will decide who we want. I may INVEST but i can assure you the market will decide when and who in the long run.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-55245097372480027732009-03-18T15:27:00.000+02:002009-03-18T15:27:00.000+02:00"...and resource depletion were not on the radar s..."...and resource depletion were not on the radar screen then, not even as distant blips."<BR/><BR/>A few years ago I was clicking thru some links on peak oil and I landed on a passage written in the early 1920's lamenting that society was being structured in a way that would be unsustainable when fossil fuels, especially oil, eventually ran out at whatever date in the future. Even though the writer had no conception of the size of reserves, he knew they weren't infinite and would run out eventually even as the increasingly expensive (and ruinously expensive to replace) investment in the infrastructure of society was becoming more and more dependent on them.<BR/><BR/>I'm sure he wasn't the only one, or even the first, to see this problem but that didn't stop the profit motive from driving society into a dead end long term even as the people alive then benefited mightily from depleting the earth as fast as they could. The same process will more likely than not repeat itself going forward. I'm with Joe on this one.yoyomohttps://www.blogger.com/profile/06357340275250708990noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-50845797394754301262009-03-18T15:14:00.000+02:002009-03-18T15:14:00.000+02:00Your greenback monetary policy certainly provides ...Your greenback monetary policy certainly provides both the creative and financial reward incentives to drive new and fresh industrial development.<BR/><BR/>But I have a question: how do you implement it? I can't help but think about examples of industry changers: Silicon Valley; Japanese auto makers; BMW automobiles. But were these movements a result of government involvement?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-21540996804297357132009-03-18T14:53:00.000+02:002009-03-18T14:53:00.000+02:00I fully agree with your self-sustainable concept. ...I fully agree with your self-sustainable concept. In fact, this is how humans have lived for millions of years.<BR/><BR/>However, we are not dealing with sane people here. This money-power-control structure is inhabited by greedy, corrupt and mad with power peoples.<BR/><BR/>As such, they will not release one bit of power and this will grind the whole system into collapse.<BR/><BR/>Their cycle is up. We will rebuild but it will take years and much pain to transistion through collapse.<BR/><BR/><BR/>Joe M.Joehttps://www.blogger.com/profile/16005483996588605077noreply@blogger.com