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April 12, 2011 at 12:09 PM #686951April 12, 2011 at 1:18 PM #685789briansd1Guest
[quote=Arraya]
No, more precisely, I would rather a collapse happen sooner rather than being dragged out. The way things are shaping up, it looks like we could get lucky;)
[/quote]That’s where we differ.
For a example, a collapse of the financial system would have meant loss of trillions of dollars in wealth, not just for the top 1% but for all of us (pensions plans, money markets, etc…). Those in the developing world would suffer even more.
Lives would be upended.
[quote=Arraya]
Being that I probably will bring another life into the world, the chances of the our current social systems being functional under current trajectories for the duration of his or her life is even lower. In fact, I’d say non-existent.
In other words I don’t expect anything less than a social train wreck at some point.
[/quote]You seem pretty rational. So if you are that pessimistic about the world, then why bring a new human in the world?
My grand-mother was born in 1890 and she died in 1988. She saw empires fall, revolutions, a Great Depression and two World Wars. Her financial well-being was adversely affected when my grand-father died at young age. Her life changed tremendously over time. But she did just fine.
I don’t know that we will witness such social and economic changes again.
Despite the upheavals, the world today is pretty peaceful. The revolutions in Tunisia and Egypt are proving to be fairly peaceful. The threat of terrorism pales in comparison to potential nuclear world war.
April 12, 2011 at 1:18 PM #685843briansd1Guest[quote=Arraya]
No, more precisely, I would rather a collapse happen sooner rather than being dragged out. The way things are shaping up, it looks like we could get lucky;)
[/quote]That’s where we differ.
For a example, a collapse of the financial system would have meant loss of trillions of dollars in wealth, not just for the top 1% but for all of us (pensions plans, money markets, etc…). Those in the developing world would suffer even more.
Lives would be upended.
[quote=Arraya]
Being that I probably will bring another life into the world, the chances of the our current social systems being functional under current trajectories for the duration of his or her life is even lower. In fact, I’d say non-existent.
In other words I don’t expect anything less than a social train wreck at some point.
[/quote]You seem pretty rational. So if you are that pessimistic about the world, then why bring a new human in the world?
My grand-mother was born in 1890 and she died in 1988. She saw empires fall, revolutions, a Great Depression and two World Wars. Her financial well-being was adversely affected when my grand-father died at young age. Her life changed tremendously over time. But she did just fine.
I don’t know that we will witness such social and economic changes again.
Despite the upheavals, the world today is pretty peaceful. The revolutions in Tunisia and Egypt are proving to be fairly peaceful. The threat of terrorism pales in comparison to potential nuclear world war.
April 12, 2011 at 1:18 PM #686467briansd1Guest[quote=Arraya]
No, more precisely, I would rather a collapse happen sooner rather than being dragged out. The way things are shaping up, it looks like we could get lucky;)
[/quote]That’s where we differ.
For a example, a collapse of the financial system would have meant loss of trillions of dollars in wealth, not just for the top 1% but for all of us (pensions plans, money markets, etc…). Those in the developing world would suffer even more.
Lives would be upended.
[quote=Arraya]
Being that I probably will bring another life into the world, the chances of the our current social systems being functional under current trajectories for the duration of his or her life is even lower. In fact, I’d say non-existent.
In other words I don’t expect anything less than a social train wreck at some point.
[/quote]You seem pretty rational. So if you are that pessimistic about the world, then why bring a new human in the world?
My grand-mother was born in 1890 and she died in 1988. She saw empires fall, revolutions, a Great Depression and two World Wars. Her financial well-being was adversely affected when my grand-father died at young age. Her life changed tremendously over time. But she did just fine.
I don’t know that we will witness such social and economic changes again.
Despite the upheavals, the world today is pretty peaceful. The revolutions in Tunisia and Egypt are proving to be fairly peaceful. The threat of terrorism pales in comparison to potential nuclear world war.
April 12, 2011 at 1:18 PM #686609briansd1Guest[quote=Arraya]
No, more precisely, I would rather a collapse happen sooner rather than being dragged out. The way things are shaping up, it looks like we could get lucky;)
[/quote]That’s where we differ.
For a example, a collapse of the financial system would have meant loss of trillions of dollars in wealth, not just for the top 1% but for all of us (pensions plans, money markets, etc…). Those in the developing world would suffer even more.
Lives would be upended.
[quote=Arraya]
Being that I probably will bring another life into the world, the chances of the our current social systems being functional under current trajectories for the duration of his or her life is even lower. In fact, I’d say non-existent.
In other words I don’t expect anything less than a social train wreck at some point.
[/quote]You seem pretty rational. So if you are that pessimistic about the world, then why bring a new human in the world?
My grand-mother was born in 1890 and she died in 1988. She saw empires fall, revolutions, a Great Depression and two World Wars. Her financial well-being was adversely affected when my grand-father died at young age. Her life changed tremendously over time. But she did just fine.
I don’t know that we will witness such social and economic changes again.
Despite the upheavals, the world today is pretty peaceful. The revolutions in Tunisia and Egypt are proving to be fairly peaceful. The threat of terrorism pales in comparison to potential nuclear world war.
April 12, 2011 at 1:18 PM #686961briansd1Guest[quote=Arraya]
No, more precisely, I would rather a collapse happen sooner rather than being dragged out. The way things are shaping up, it looks like we could get lucky;)
[/quote]That’s where we differ.
For a example, a collapse of the financial system would have meant loss of trillions of dollars in wealth, not just for the top 1% but for all of us (pensions plans, money markets, etc…). Those in the developing world would suffer even more.
Lives would be upended.
[quote=Arraya]
Being that I probably will bring another life into the world, the chances of the our current social systems being functional under current trajectories for the duration of his or her life is even lower. In fact, I’d say non-existent.
In other words I don’t expect anything less than a social train wreck at some point.
[/quote]You seem pretty rational. So if you are that pessimistic about the world, then why bring a new human in the world?
My grand-mother was born in 1890 and she died in 1988. She saw empires fall, revolutions, a Great Depression and two World Wars. Her financial well-being was adversely affected when my grand-father died at young age. Her life changed tremendously over time. But she did just fine.
I don’t know that we will witness such social and economic changes again.
Despite the upheavals, the world today is pretty peaceful. The revolutions in Tunisia and Egypt are proving to be fairly peaceful. The threat of terrorism pales in comparison to potential nuclear world war.
April 12, 2011 at 1:20 PM #685794UCGalParticipantBrian – I think you’re missing Arraya’s point. Arraya is saying there WILL be a collapse… Just when and the depth are in question.
It’s a question of ripping off the bandaid quickly – or peeling it back slowly – which may hurt more overall.
April 12, 2011 at 1:20 PM #685848UCGalParticipantBrian – I think you’re missing Arraya’s point. Arraya is saying there WILL be a collapse… Just when and the depth are in question.
It’s a question of ripping off the bandaid quickly – or peeling it back slowly – which may hurt more overall.
April 12, 2011 at 1:20 PM #686472UCGalParticipantBrian – I think you’re missing Arraya’s point. Arraya is saying there WILL be a collapse… Just when and the depth are in question.
It’s a question of ripping off the bandaid quickly – or peeling it back slowly – which may hurt more overall.
April 12, 2011 at 1:20 PM #686614UCGalParticipantBrian – I think you’re missing Arraya’s point. Arraya is saying there WILL be a collapse… Just when and the depth are in question.
It’s a question of ripping off the bandaid quickly – or peeling it back slowly – which may hurt more overall.
April 12, 2011 at 1:20 PM #686965UCGalParticipantBrian – I think you’re missing Arraya’s point. Arraya is saying there WILL be a collapse… Just when and the depth are in question.
It’s a question of ripping off the bandaid quickly – or peeling it back slowly – which may hurt more overall.
April 12, 2011 at 1:43 PM #685809daveljParticipant[quote=UCGal]Brian – I think you’re missing Arraya’s point. Arraya is saying there WILL be a collapse… Just when and the depth are in question.
[/quote]Sure, but… the “when” and the “depth” are the only important considerations.
For example, I know I’m going to die. But the “when” and the “how” are the important issues. Simply noting that I’m going to die doesn’t convey any useful information.
Sure, there will be a collapse… but without any idea of timing (which could be many decades in the future – or longer)… I fall back on Keynes’ quip that, “In the long run we’re all dead.”
[Sorry for butting in.]
April 12, 2011 at 1:43 PM #685863daveljParticipant[quote=UCGal]Brian – I think you’re missing Arraya’s point. Arraya is saying there WILL be a collapse… Just when and the depth are in question.
[/quote]Sure, but… the “when” and the “depth” are the only important considerations.
For example, I know I’m going to die. But the “when” and the “how” are the important issues. Simply noting that I’m going to die doesn’t convey any useful information.
Sure, there will be a collapse… but without any idea of timing (which could be many decades in the future – or longer)… I fall back on Keynes’ quip that, “In the long run we’re all dead.”
[Sorry for butting in.]
April 12, 2011 at 1:43 PM #686487daveljParticipant[quote=UCGal]Brian – I think you’re missing Arraya’s point. Arraya is saying there WILL be a collapse… Just when and the depth are in question.
[/quote]Sure, but… the “when” and the “depth” are the only important considerations.
For example, I know I’m going to die. But the “when” and the “how” are the important issues. Simply noting that I’m going to die doesn’t convey any useful information.
Sure, there will be a collapse… but without any idea of timing (which could be many decades in the future – or longer)… I fall back on Keynes’ quip that, “In the long run we’re all dead.”
[Sorry for butting in.]
April 12, 2011 at 1:43 PM #686629daveljParticipant[quote=UCGal]Brian – I think you’re missing Arraya’s point. Arraya is saying there WILL be a collapse… Just when and the depth are in question.
[/quote]Sure, but… the “when” and the “depth” are the only important considerations.
For example, I know I’m going to die. But the “when” and the “how” are the important issues. Simply noting that I’m going to die doesn’t convey any useful information.
Sure, there will be a collapse… but without any idea of timing (which could be many decades in the future – or longer)… I fall back on Keynes’ quip that, “In the long run we’re all dead.”
[Sorry for butting in.]
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