OT: Countdown: Three Weeks to Chaos

[SD Realtor]

Arraya I don’t dispute any of that as you can see. It is the aftermath, you can speculate, I can speculate, we all can. Perhaps you think the aftermath will result in the world being a better place but I do not.

Once again, and I hate to overstate this but I think it bears importance, I feel like China is going to be a major player and so what role they will play should be discussed shouldn’t it? I assume you saw the move by the current administration to let the Commerce dept authorize missile technology sales to China.

To me events like that illustrate the desperation that we are witnessing by our govt to pacify our creditors.

**********

So forget about that for the moment. What is done is done and I am more worried about what will be. I am not sure if you recall but before our unemployment really went wild there were lots of posters who were quite happy about it. Lots of those, “Bring it on” posts. Most of them admitted that they weren’t wishing for hardship for friends and family as much as hoping for a chance to get a home for cheap. So here we are 3 years later. Doesn’t look like anybody got that home in 4S for 400k or that ocean view home for cheap either. Yet plenty of people are out of work. I have lots of friends out of work, several clients. It really sucks. I remember posting many a post saying to watch out for what you wish for.

************

So now here we are again, potentially on the threshold for something much worse. Yet I hear more of the same, “bring it on” or “at least I can buy a home when this all happens” and when I hear this, I cannot really believe my ears. Not only does it epitomize the ultimate selfishness, but to honestly believe that we can undergo the sorts of dislocations that you are predicting but in the same breathe think okay I will get my home and everything will be alright, that just stuns me.

Honestly I just do not get it.

However I can say, as I have said, if things are going to get as fcked as you are saying, then those who think, “I will get my home and everything will be okay” are sadly mistaken.

I think even you may agree with that.

[scaredyclassic]

that’s why i never look on the bright side. i think it is better to usually look at the bad repercussions to others. i am too empathetic.

[scaredyclassic]

that’s why i never look on the bright side. i think it is better to usually look at the bad repercussions to others. i am too empathetic.

[scaredyclassic]

that’s why i never look on the bright side. i think it is better to usually look at the bad repercussions to others. i am too empathetic.

[scaredyclassic]

that’s why i never look on the bright side. i think it is better to usually look at the bad repercussions to others. i am too empathetic.

[scaredyclassic]

that’s why i never look on the bright side. i think it is better to usually look at the bad repercussions to others. i am too empathetic.

[Arraya]

http://www.google.com/hostednews/afp/article/ALeqM5jisHEg79Cz8uRtYfZR6WK4JmWsIg
COCHABAMBA, Bolivia — Leftist Latin American leaders have agreed on the creation of a regional currency to scale back on the use of the US dollar as well as economic sanctions against Honduran coup leaders.

Nine countries of ALBA, a leftist bloc conceived by Venezuelan President Hugo Chavez, met Friday in Bolivia where they vowed to press ahead with a new currency for intra-regional trade to replace the US dollar.

“The document is approved,” said Bolivia’s President Evo Morales, who is hosting the summit.

The new currency, named the Sucre after Jose Antonio de Sucre, who fought for independence from Spain alongside Venezuelan hero Simon Bolivar in the early 19th century, will be rolled out beginning in 2010 in a non-paper form.

That move echoes the European Union’s introduction of the euro precursor, the ECU, an account unit designed to tie down stable exchange rates between member states before the national currencies were scraped.

[Arraya]

http://www.google.com/hostednews/afp/article/ALeqM5jisHEg79Cz8uRtYfZR6WK4JmWsIg
COCHABAMBA, Bolivia — Leftist Latin American leaders have agreed on the creation of a regional currency to scale back on the use of the US dollar as well as economic sanctions against Honduran coup leaders.

Nine countries of ALBA, a leftist bloc conceived by Venezuelan President Hugo Chavez, met Friday in Bolivia where they vowed to press ahead with a new currency for intra-regional trade to replace the US dollar.

“The document is approved,” said Bolivia’s President Evo Morales, who is hosting the summit.

The new currency, named the Sucre after Jose Antonio de Sucre, who fought for independence from Spain alongside Venezuelan hero Simon Bolivar in the early 19th century, will be rolled out beginning in 2010 in a non-paper form.

That move echoes the European Union’s introduction of the euro precursor, the ECU, an account unit designed to tie down stable exchange rates between member states before the national currencies were scraped.

[Arraya]

http://www.google.com/hostednews/afp/article/ALeqM5jisHEg79Cz8uRtYfZR6WK4JmWsIg
COCHABAMBA, Bolivia — Leftist Latin American leaders have agreed on the creation of a regional currency to scale back on the use of the US dollar as well as economic sanctions against Honduran coup leaders.

Nine countries of ALBA, a leftist bloc conceived by Venezuelan President Hugo Chavez, met Friday in Bolivia where they vowed to press ahead with a new currency for intra-regional trade to replace the US dollar.

“The document is approved,” said Bolivia’s President Evo Morales, who is hosting the summit.

The new currency, named the Sucre after Jose Antonio de Sucre, who fought for independence from Spain alongside Venezuelan hero Simon Bolivar in the early 19th century, will be rolled out beginning in 2010 in a non-paper form.

That move echoes the European Union’s introduction of the euro precursor, the ECU, an account unit designed to tie down stable exchange rates between member states before the national currencies were scraped.

[Arraya]

http://www.google.com/hostednews/afp/article/ALeqM5jisHEg79Cz8uRtYfZR6WK4JmWsIg
COCHABAMBA, Bolivia — Leftist Latin American leaders have agreed on the creation of a regional currency to scale back on the use of the US dollar as well as economic sanctions against Honduran coup leaders.

Nine countries of ALBA, a leftist bloc conceived by Venezuelan President Hugo Chavez, met Friday in Bolivia where they vowed to press ahead with a new currency for intra-regional trade to replace the US dollar.

“The document is approved,” said Bolivia’s President Evo Morales, who is hosting the summit.

The new currency, named the Sucre after Jose Antonio de Sucre, who fought for independence from Spain alongside Venezuelan hero Simon Bolivar in the early 19th century, will be rolled out beginning in 2010 in a non-paper form.

That move echoes the European Union’s introduction of the euro precursor, the ECU, an account unit designed to tie down stable exchange rates between member states before the national currencies were scraped.

[Arraya]

http://www.google.com/hostednews/afp/article/ALeqM5jisHEg79Cz8uRtYfZR6WK4JmWsIg
COCHABAMBA, Bolivia — Leftist Latin American leaders have agreed on the creation of a regional currency to scale back on the use of the US dollar as well as economic sanctions against Honduran coup leaders.

Nine countries of ALBA, a leftist bloc conceived by Venezuelan President Hugo Chavez, met Friday in Bolivia where they vowed to press ahead with a new currency for intra-regional trade to replace the US dollar.

“The document is approved,” said Bolivia’s President Evo Morales, who is hosting the summit.

The new currency, named the Sucre after Jose Antonio de Sucre, who fought for independence from Spain alongside Venezuelan hero Simon Bolivar in the early 19th century, will be rolled out beginning in 2010 in a non-paper form.

That move echoes the European Union’s introduction of the euro precursor, the ECU, an account unit designed to tie down stable exchange rates between member states before the national currencies were scraped.

[KSMountain]

I’ll bet people thought we were down for good during the depression, and the dust bowl, and during the early 80’s what with the Japanese were going to kick our ass, etc, etc, etc.

It was never permanent.

Economics is *cyclical* people. California had a budget surplus in the many billions as recently as 1999, do we really think that will *never* happen again?

Why is it “different this time”? Anytime I hear that implication, either on the way up or the way down, I immediately get *very* skeptical.

Even the soviet union, yes they had a multigenerational event, but it’s not like society there collapsed and they’re all cannibalizing each other. The average citizen has not had to stock up on gold and ammo there to get through their day as far as I can tell.

Now one thing I will say: I believe demographics is destiny. So countries like Japan, Russia, lots of W. European countries – they got major troubles coming their way.

India and China look very strong demographically, but actually, due to immigration (legal/illegal, a whole other topic) guess who else has a relatively large worker pool coming on line in the decades to come?: the U.S.

Think I’ll pour a glass of Cab and sleep soundly tonight.

[KSMountain]

I’ll bet people thought we were down for good during the depression, and the dust bowl, and during the early 80’s what with the Japanese were going to kick our ass, etc, etc, etc.

It was never permanent.

Economics is *cyclical* people. California had a budget surplus in the many billions as recently as 1999, do we really think that will *never* happen again?

Why is it “different this time”? Anytime I hear that implication, either on the way up or the way down, I immediately get *very* skeptical.

Even the soviet union, yes they had a multigenerational event, but it’s not like society there collapsed and they’re all cannibalizing each other. The average citizen has not had to stock up on gold and ammo there to get through their day as far as I can tell.

Now one thing I will say: I believe demographics is destiny. So countries like Japan, Russia, lots of W. European countries – they got major troubles coming their way.

India and China look very strong demographically, but actually, due to immigration (legal/illegal, a whole other topic) guess who else has a relatively large worker pool coming on line in the decades to come?: the U.S.

Think I’ll pour a glass of Cab and sleep soundly tonight.

[KSMountain]

I’ll bet people thought we were down for good during the depression, and the dust bowl, and during the early 80’s what with the Japanese were going to kick our ass, etc, etc, etc.

It was never permanent.

Economics is *cyclical* people. California had a budget surplus in the many billions as recently as 1999, do we really think that will *never* happen again?

Why is it “different this time”? Anytime I hear that implication, either on the way up or the way down, I immediately get *very* skeptical.

Even the soviet union, yes they had a multigenerational event, but it’s not like society there collapsed and they’re all cannibalizing each other. The average citizen has not had to stock up on gold and ammo there to get through their day as far as I can tell.

Now one thing I will say: I believe demographics is destiny. So countries like Japan, Russia, lots of W. European countries – they got major troubles coming their way.

India and China look very strong demographically, but actually, due to immigration (legal/illegal, a whole other topic) guess who else has a relatively large worker pool coming on line in the decades to come?: the U.S.

Think I’ll pour a glass of Cab and sleep soundly tonight.

[KSMountain]

I’ll bet people thought we were down for good during the depression, and the dust bowl, and during the early 80’s what with the Japanese were going to kick our ass, etc, etc, etc.

It was never permanent.

Economics is *cyclical* people. California had a budget surplus in the many billions as recently as 1999, do we really think that will *never* happen again?

Why is it “different this time”? Anytime I hear that implication, either on the way up or the way down, I immediately get *very* skeptical.

Even the soviet union, yes they had a multigenerational event, but it’s not like society there collapsed and they’re all cannibalizing each other. The average citizen has not had to stock up on gold and ammo there to get through their day as far as I can tell.

Now one thing I will say: I believe demographics is destiny. So countries like Japan, Russia, lots of W. European countries – they got major troubles coming their way.

India and China look very strong demographically, but actually, due to immigration (legal/illegal, a whole other topic) guess who else has a relatively large worker pool coming on line in the decades to come?: the U.S.

Think I’ll pour a glass of Cab and sleep soundly tonight.

[Author]

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