Jump to content
House Price Crash Forum


  • Posts

  • Joined

  • Last visited

Everything posted by Lander

  1. What makes you think it's a parody site? Over 600 Canadian military vehicles have just been shipped to Fort Irwin in bush camo scheme which is odd given they are supposedly training for desert warfare in Afghanistan http://www.youtube.com/watch?v=f18skGOZZ5E
  2. It's going from bad to worse "President Obama to utilize American and Canadian NATO troops to put down what is expected to be a “rebellion” after the expected January, 2010 ‘declaration of bankruptcy’ by the State of California." "Reports from the United States are, indeed, confirming the mass movement of military supplies and thousands of Canadian Special Forces Troops to California from the Canadian Forces Base of Petawawa to join their American military counterparts, with ‘secondary’ reports stating that at least 1,000 tanks are massing their too." http://www.eutimes.net/2009/12/prepare-for-rebellion-obama-orders-us-canadian-troops/
  3. Wow, looking at the affordability scale of property in Sydney, it appears houses in this area are severely unaffordable x2 When this market goes pop it's going to do a California
  4. $300 oil will not put any more coal in the ground, coal production is projected to peak around 2030 and much sooner if we ramp up coal to liquids. It's also a highly energy intensive process. You're ignoring peak uranium which is projected to occur around 2035, sooner if nukes are ramped up significantly Please explain why we'll never see $300
  5. Have you been living in a cave? The global economy started to fall apart when oil reached only $150 Increasing gas prices are not going to put anymore gas in the ground or make wind power any less intermittent than it already is, if we replaced oil for gas and ramped up nukes, we'd see peak uranium and gas within 20 years
  6. Indeed http://blogs.telegraph.co.uk/finance/jeremywarner/100002778/a-mortgage-rate-timebomb-is-in-the-making/
  7. When the oil price spikes to $300 the global economy will seize to function--this is a liquid fuels crisis At this point, electricity demand will have fallen off a cliff so sufficient generating capacity becomes a non issue. Trucks, planes, trains, farm machinery, mining and earth moving equipment are powered and built by oil derivatives. These machines are the backbone of our economy. I don't see any running on coal or electric. In addition if we increased fuel efficiency of our transport by 50%, people would just drive more--Jevons paradox
  8. A house is only worth what a person is prepared to pay for it. Sellers are are soon going to HAVE to get real and readjust their prices inline with the new economic conditions if they want to sell.
  9. Greece has credit rating downgraded to 'junk levels' amid fears over ballooning debt http://www.dailymail.co.uk/news/worldnews/article-1236525/Greece-credit-rating-downgraded-amid-fears-ballooning-debt.html
  10. What is it that Colin Campbell says? CE=CE-- contracting energy supplies = contracting economy. Simple but true. Shame the politicians can't grasp this
  11. I dislike that term, it implies that our only purpose is to buy sh!t we don't need
  12. double dip implies we've had a recovery--which we haven't, it's been a pretend one, why can't they grow a pair and tell the public we're heading for a depression?
  13. Most of the guys I know are not even capable of replacing a ball joint on a car and they're mostly pretty smart
  14. Hmm I'm not so sure, while ever people like Kirsty Allslop are brainwashing the public that houses are 'investments' I don't think they will
  15. The only way the economy is going to recover is for house prices and rentals to come down which will free up cash and create more disposable income. Same applies in other countries that have had rampant HPI. "People's increasing willingness to abandon their own piece of America illustrates a paradoxical change wrought by the housing bust: Even as it tarnishes the near-sacred image of home ownership, it might be clearing the way for an economic recovery. Thanks to a rare confluence of factors -- mortgages that far exceed home values and bargain-basement rents -- a growing number of families are concluding that the new American dream home is a rental. Some are leaving behind their homes and mortgages right away, while others are simply halting payments until the bank kicks them out. That's freeing up cash to use in other ways. Ms. Richey's family of five used some of the money to buy season tickets to Disneyland, and plans to take a Carnival cruise to Mexico in March. Mr. Fernandez takes his girlfriend out to dinner more frequently. "We're saving lots of money," Ms. Richey says." Bold highlighted by me http://online.wsj.com/article/SB126040517376983621.html?source=patrick.net
  16. And that's exactly what he's doing, good job too because the msm never reports on this kind of stuff Newly developed former middle class suburbs are now ghost towns. Looks somewhat apocalyptic to me
  17. Highly unlikely when the engine of the global economy has just thrown a rod.
  18. Yeah I've thought that for a while now that we'll get some sort of weird hyper biflation. Prices of houses and cars going through the floor while energy and food goes the other way
  19. Households and companies getting their refuse collection services cut off in Cali due to non payment of bills
  20. Very refreshing to see some honest reporting from the MSM video is well worth a watch http://www.cnbc.com/id/34325134
  21. The American consumer is DEAD http://www.cnbc.com/id/34325134
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.