Re: Expert warns of "dangerous bubble" in gold coin market


"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:gnpea702ors@xxxxxxxxxxxxxxxxxxxxx
oly wrote:
On Feb 21, 10:55 am, "mazorj" <maz...@xxxxxxxxxxx> wrote:
"oly" <oly2...@xxxxxxx> wrote in message

news:3e8e05b8-0fda-416b-b05b-35527480e63c@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

...> My wife and her family won't eat leftovers, won't stop
shopping at the
full price retail mall, still eat lots of meals at the chain
restaurants, and no hand me down clothes. The source of their
personal wealth has declined in market value by 50% since January
1,
2008. They are examples of the many many people who are going to
go
through the ringer, psychologically.

Sure. But unless you already have more money than you and your
children can spend in a lifetime, that behavior is fairly foolish
regardless of economic conditions.

< Let me see if I can find some historical anecdotes about
disproptionate barter during the Weimar period.

Aargh! Please, no more Weimar! You've beaten that one into the
ground. We get it. How about some other, more relevant analogies?

Weimar is very very relevant to our present situation. Many
Americans
have considerable German blood and heritage. While my surname is
Swedish, my descent would be 50% or more German.

Germany had just lost a war of attrition. America is losing two
wars
of attrition and we may be drug into a third hot war by one of our
allies at any moment.

Germany was highly orderly with a long tradition of strong civil
obedience to a central government. Ditto for America.

All understood. What part of "we get it" eluded you? Too much of
"One-Note Oly" is going to seriously decrease your audience.

But as Mr. Soros said, the more recent Soviet collapse is relevant.
Go read Dmitry Orlov's writings. I think they are thoughtful
stuff.
He's been making his views known for over a decade. His views are
consistent. He's all over the internet.

His views might be summed up in the first article on this page:

http://lifeaftertheoilcrash.net/IndividualItemPages/PostOilBulletinIssueNumberTwo.html

As comedians say, "If you buy the premise, you buy the bit." Well
written and sound logic - once you accept the premise of a total
collapse.

However, his premises and precipitating factors *as outlined there*
lie
more in the dwindling availability of resources versus growing human
population, than in any brewing economic/fiscal storms. WRT to
resources and population growth, I agree completely with the
inevitability of future cataclysms "if this goes on". Any high-order
civilization is only a few days' food supply away from panic and
riots; but food is not the only (or even the underlying) Achilles
heel. Our entire economic house of cards is built on the no-longer
sustainable framework of cheap, abundant energy. Science fiction
abounds with plausible dystopias based on a given "if this goes on"
premise.

So I see nothing there to support oly's predictions, other than in the
area some of the after-the-fact effects and consequences.



.

Relevant Pages

  • Re: Tom Potter and Original Sources
    ... German people, who are probably the ... present them with original sources which credibly refer to their being ... for taking a stand against the Class War instigations. ... no hatred of America by hundreds of millions of Muslims, ...
    (sci.physics)
  • Re: John Paul Jones
    ... All that is true, the way the war unfolded would have been different, ... However the Germans gave up on their invasion plans at the end ... have all been speaking German without the existence of the US. ... contrary had their been a totally British North America, ...
    (soc.culture.scottish)
  • Re: Expert warns of "dangerous bubble" in gold coin market
    ... My wife and her family won't eat leftovers, ... my descent would be 50% or more German. ... Germany had just lost a war of attrition. ... Ditto for America. ...
    (rec.collecting.coins)
  • Re: Expert warns of "dangerous bubble" in gold coin market
    ... My wife and her family won't eat leftovers, ... my descent would be 50% or more German. ... Germany had just lost a war of attrition. ... Ditto for America. ...
    (rec.collecting.coins)
  • Re: James Bacque
    ... >> American and French camps by taking a close look at two ... >> Prisoner of War Temporary Enclosures in Heilbronn. ... Try the German economy and society collapsed in 1945, ... foreigners or PoWs. ...
    (soc.history.war.world-war-ii)
Loading