Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1373135 Comments:2390
Re: World Markets - URL The Game doesn't just go 'on and on'.
Stop watching the Apologist Apparatchiks whose message is Exactly that.
Quantum Science:
Asymptote after a Parabolic Rise is predated to be as short an interregnum as the Curve is rapid and exponential.
The Downside is based EXACTLY on that Exponential and Sustained 'rocket shot'.
We've been at Asymptote since 2000/01. Over a decade now.
That would be Approx 10% of the Oil Age history spent at Asymptote.
062112 is a s good a date as any.
As the Rest of the World Economy
$70 Trillion of debt holding up $700 trillion in Synthetic Derivatives Debt
Implodes.... :? 8-)
RYviewpoint: How $700 Billion in Bad Debts Destroyed the World ... ryviewpoint.blogspot.com/.../how-700-billion-in-bad-debts-destroye...
Nov 5, 2011 – ... loans could take down a $14 trillion US economy and a $70 trillion world economy? ... But as Matt Taibbi points out, the banks took that bad debt and ... "derivatives" market ballooning the real losses up into trillions and trillions ... books, they promptly Xerox-copied him in the form of synthetic derivatives ...
Satya Center -- Alternative Health, Relationships & Global News http://www.satyacenter.com/
Check back often to see what new goodies Jane and Jaya have cooked up! ... There are $700 trillion in derivative debt instruments resting upon that $70 trillion ... Last edited by mcgowanjm on Mon Jun 25, 2012 8:32 am, edited 1 time in total.
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Post Mon Jun 25, 2012 8:31 am by mcgowanjm Re: World Markets - URL
Post Mon Jun 25, 2012 8:31 am by mcgowanjm Cotton hits 062112 right on the money.... :twisted: :? 8-)
Image
Watch coffee now.
And sell soy.
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Post Mon Jun 25, 2012 8:38 am by mcgowanjm Re: World Markets - URL
Post Mon Jun 25, 2012 8:38 am by mcgowanjm
Zerohedge, one of our favorite financial sites, because the proprietors are wired to the real insiders. They excerpted a piece by legendary investor and Goldman alum, Raoul Pal. He explains that at best there’s six more months to go before the global financial reset takes place. He details the end of fractional reserve banking as we know it. There’s no avoiding the ultimate crash because $70 trillion of Western Sovereign Debt is holding up over $700 trillion worth of derivatives. No wonder he likens all this to the eye of a hurricane, from which we are just emerging. We’re not talking about any ordinary hurricane, like Katrina which was a category 4-5. Rather, we’re talking about a category 10 storm that will leave no financial edifice standing in its path. But gold and silver will help get us through, and this nuclear economic winter will pass.
And here:
But gold and silver will help get us through, and this nuclear economic winter will pass.
is what will turn 062112 In To TEOTWAKI:
ZH and like minded Gold Bugs keep thinking that Precious Metals are going to hold and rise to (pick a number).
And THAT's impossible as long as the USSA exists.
Silver now at $26+ and people are STILL loading up.
At some point they'll be forced to liquidate...at say.... $10 the oz.
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Post Mon Jun 25, 2012 8:49 am by mcgowanjm Re: World Markets - URL
Post Mon Jun 25, 2012 8:49 am by mcgowanjm Same with those like Dave Cohen (Great Guy-Excellent Analysis) from Decline of the Empire.
2. Industrial civilizations are not going to go out of business because oil is very expensive during the boom times and pricey (but not exorbitantly expensive) during the lulls. Peak oil acts more like a brake (one of many) on global economic growth when times are good.
As Economic-Undertow writes, There is not a 'vacuum of activity' in the world while the USSA adjust to the volatility in price/demand.
And I have yet to see the chart where the 4 MMBD in petrol usage has bottomed.... :twisted:
As usual, we'll know more in 10 years than we know right now.
We'll know by the End of September...I can't imagine a more bearish chart formation than this:
Image
The BDI is being hammered into the ground. It will not get back up.
I don't worry much about the disasters I write about. The writing is on the wall as far as I'm concerned. But if I were to worry about all these human disasters, where would I rank the threat of peak oil? I don't know. It's certainly a concern, and I do write about it, but I write about lots of stuff. Certainly the longer term is fraught with difficulty if humans are depending on crude oil to fuel economic growth in the 21st century as it did in the 20th.
fraught with difficulty
Here's 'fraught'.... :twisted:
ALL $28 per BBL infrastructure has been wiped out. ALL Marginal Oil production is stopped dead with oil dropping below $70 the BBL.
Credit for Oil purchases (How do you get you collateral back from burned oil :!: :?: ) dries up.
