World Turned upside down

[Bubblesitter]

When General Cornwallis surrendered to the Americans at Yorktown in 1781, the band played “World Turned Upside Down”. So shocking and unexpected was their defeat that they felt the world had truly “turned upside down”

I am seeing more and more talk of a potential system breakdown of the world financial system. These are not by crackpots but more mainstream economists.

Are we heading to another event that is so shocking, so unexpected potentially leading to a Great depression? I think that it is not outside the realm of possibility now. I am worried.

In a nod to good British journalism, here’s a link to a recent FT article. The fact that the author feels the needs to dispel talk of another great depression is saying something in itself!

http://www.ft.com/cms/s/0/73bc130a-d7f2-11dc-98f7-0000779fd2ac.html

Bubblesitter

[patientrenter]

Meteors large enough to destroy life on earth lurk in the outer reaches of the solar system. Carbon dioxide is building to levels that will cause a sudden and catastrophic melting of the ice caps and runaway global warming. North Korea will launch nuclear weapons at LA when the regime collapses. Al qaeda will set off dirty bombs in the 3 largest US cities, rendering them unusable for hundreds of years……. Oh, and the most severe deflation in 100 years will take hold in the US and cause another great depression and political turmoil.

In my opinion, thinking about these things in moderation is entertaining, possibly slightly useful for a few hundred disaster specialists in the world, and a waste of time for most other people and purposes.

For some perspective, look at the economic history of 1973-1984. I think you will find that big bad things happened, lost of people complained a lot, and we all got over it and moved on and, obviously, mostly forgot about it.

Patient renter in OC

[patientrenter]

Meteors large enough to destroy life on earth lurk in the outer reaches of the solar system. Carbon dioxide is building to levels that will cause a sudden and catastrophic melting of the ice caps and runaway global warming. North Korea will launch nuclear weapons at LA when the regime collapses. Al qaeda will set off dirty bombs in the 3 largest US cities, rendering them unusable for hundreds of years……. Oh, and the most severe deflation in 100 years will take hold in the US and cause another great depression and political turmoil.

In my opinion, thinking about these things in moderation is entertaining, possibly slightly useful for a few hundred disaster specialists in the world, and a waste of time for most other people and purposes.

For some perspective, look at the economic history of 1973-1984. I think you will find that big bad things happened, lost of people complained a lot, and we all got over it and moved on and, obviously, mostly forgot about it.

Patient renter in OC

[patientrenter]

Meteors large enough to destroy life on earth lurk in the outer reaches of the solar system. Carbon dioxide is building to levels that will cause a sudden and catastrophic melting of the ice caps and runaway global warming. North Korea will launch nuclear weapons at LA when the regime collapses. Al qaeda will set off dirty bombs in the 3 largest US cities, rendering them unusable for hundreds of years……. Oh, and the most severe deflation in 100 years will take hold in the US and cause another great depression and political turmoil.

In my opinion, thinking about these things in moderation is entertaining, possibly slightly useful for a few hundred disaster specialists in the world, and a waste of time for most other people and purposes.

For some perspective, look at the economic history of 1973-1984. I think you will find that big bad things happened, lost of people complained a lot, and we all got over it and moved on and, obviously, mostly forgot about it.

Patient renter in OC

[patientrenter]

Meteors large enough to destroy life on earth lurk in the outer reaches of the solar system. Carbon dioxide is building to levels that will cause a sudden and catastrophic melting of the ice caps and runaway global warming. North Korea will launch nuclear weapons at LA when the regime collapses. Al qaeda will set off dirty bombs in the 3 largest US cities, rendering them unusable for hundreds of years……. Oh, and the most severe deflation in 100 years will take hold in the US and cause another great depression and political turmoil.

In my opinion, thinking about these things in moderation is entertaining, possibly slightly useful for a few hundred disaster specialists in the world, and a waste of time for most other people and purposes.

For some perspective, look at the economic history of 1973-1984. I think you will find that big bad things happened, lost of people complained a lot, and we all got over it and moved on and, obviously, mostly forgot about it.

Patient renter in OC

[patientrenter]

Meteors large enough to destroy life on earth lurk in the outer reaches of the solar system. Carbon dioxide is building to levels that will cause a sudden and catastrophic melting of the ice caps and runaway global warming. North Korea will launch nuclear weapons at LA when the regime collapses. Al qaeda will set off dirty bombs in the 3 largest US cities, rendering them unusable for hundreds of years……. Oh, and the most severe deflation in 100 years will take hold in the US and cause another great depression and political turmoil.

In my opinion, thinking about these things in moderation is entertaining, possibly slightly useful for a few hundred disaster specialists in the world, and a waste of time for most other people and purposes.

For some perspective, look at the economic history of 1973-1984. I think you will find that big bad things happened, lost of people complained a lot, and we all got over it and moved on and, obviously, mostly forgot about it.

Patient renter in OC

[kewp]

Remember when Japan was going to take over the world in the late 80’s? The whole “Rising Sun” stuff?

Didn’t quite turn out that way. Japan didn’t return to the stone age, either.

I think the main event that is going to happen is that lots and lots (millions) of Americans discover, out of the blue, that they are nowhere near as wealthy as they thought they were.

[kewp]

Remember when Japan was going to take over the world in the late 80’s? The whole “Rising Sun” stuff?

Didn’t quite turn out that way. Japan didn’t return to the stone age, either.

I think the main event that is going to happen is that lots and lots (millions) of Americans discover, out of the blue, that they are nowhere near as wealthy as they thought they were.

[kewp]

Remember when Japan was going to take over the world in the late 80’s? The whole “Rising Sun” stuff?

Didn’t quite turn out that way. Japan didn’t return to the stone age, either.

I think the main event that is going to happen is that lots and lots (millions) of Americans discover, out of the blue, that they are nowhere near as wealthy as they thought they were.

[kewp]

Remember when Japan was going to take over the world in the late 80’s? The whole “Rising Sun” stuff?

Didn’t quite turn out that way. Japan didn’t return to the stone age, either.

I think the main event that is going to happen is that lots and lots (millions) of Americans discover, out of the blue, that they are nowhere near as wealthy as they thought they were.

[kewp]

Remember when Japan was going to take over the world in the late 80’s? The whole “Rising Sun” stuff?

Didn’t quite turn out that way. Japan didn’t return to the stone age, either.

I think the main event that is going to happen is that lots and lots (millions) of Americans discover, out of the blue, that they are nowhere near as wealthy as they thought they were.

[patientrenter]

Thanks, kewp, you said it better than I did.

Patient renter in OC

[patientrenter]

Thanks, kewp, you said it better than I did.

Patient renter in OC

[patientrenter]

Thanks, kewp, you said it better than I did.

Patient renter in OC

[patientrenter]

Thanks, kewp, you said it better than I did.

Patient renter in OC

[Author]

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