anon

'Will The Emergency Budget Ensure A Double Dip?' God i hope so. we really, and i mean REALLY need a recession. we need to have every one whose going to go bank rupt to do so asap so we can clear out all the bad debt and get back to stability.

absolutely.

i dont think anyone does. id be interested to find out how much money was given to charities by bankers over the last few decades, anyone know? but my point is that greed is perfectly natural as long as its balanced with fear. unfortunatly over the last 90 or so years governments and central banks have been systematically removing any fears of failure that should have counterbalanced the greed.

of course they were, their human like the rest of us. but greed should always be tempered with fear. why werent they scared of failure, or bankrupcy?

ok, ask your self this. why did banks lend irresponsibly and take on silly amounts of leverage? any one who looked at it for even a few minutes could see it was all going to end in tears, bankers are not stupid people.

here you go, injected a bit of reality into your post.

+1

the website looks crap, www.websitestylecrash.co.uk anyone?

2 million says the mail, 15 thousand says the BBc haha.

reading jonah goldbergs liberal fascism at the mo. dispite the fact that the authors writting style is wide eyed and rabid he does make some good points Re: the classification of fascism as more of a left wing movement, based on the original german nazi manifesto which called for a strong welfare state, confiscation of private property in certain areas of the economy, profit sharing of heavy industries with the state and the illigalisation of unearned income (ie rents and dividends). he does make the point that fascism is very difficult to define as it has a strong nationalistic side and hense manifests differently with in nations. this nationalism, he states, is the reason its hated by the communist left who believe in 'workers of the world unite' internationalism. he also points out that racism or anti semitism isnt a deffining tenant of fascism as whilst it was heavily present in germany, it wasnt present under mussolini in the 20s and 30s (until the nazis strong armed the italians into it at some point, forget the date). do i think we have fascism here and now in britain? not really, crash gordon is too NWO internationalist. but i do agree with some of the posts here and on the torygraph board: the left/right mudslinging isnt really relavent. i think the focus should be on the collectivist Vs the libertarian angles of the political divide. for me, i feel were slipping, slow but surely into a collectivist distopia, and it worries me.

i doubt this is the 'next leg down'. too many pundits getting high on green shoots (shooting some green?) and cheap money. markets will probably go down for a week or 2 and then the MSM 'stocks are cheap still' commandos will be jumping through the window holding sanity hostage. in my opinion stocks will probably keep rallying until the bond markets says no and interest rates start rising. Q4 maybe? who knows.

im giving some thought to living in nz, at least for a few years. infact im off there tomorrow for a month on a 'dipping the toe in' mission. looks like theres a demand for scientific/medical researchers so with any luck ill be able to get in.

martin armstrongs turn date today isnt it?

i guess well have to agree to disagree. my universe and yours are rather different places.

has a country in africa ever respected property rights or contract law for more than a decade at a time? are you equating the current system of land ownership to serfdom? i cant see people sumitting to that again. if you dont have land and want to, you should be allowed to find someone willing to trade you for it.

well a judge obviously, appointed by the local people. plus an inferstructure that upholds contract law. it wouldnt take much enegery to maintain. of corse you produced the what the land produced. you turned medow into orchard or heathland into vegtable allotments, im not sure i understand your reasoning.

thats where we are heading eventually. the question is will it be imposed by an energy hungry state or adopted as a survival mechanism like the early american settlers under a minimal libertarian state. the logical assumption is the latter given the eventual energy shortage.

i agree its a very tough problem for capitalism, but its an equally tough problem for just about any system we have today socalism/communism included. all sytems the have today subscribe to this expanding growth model. central planning or free market, which everside of the coin you look growth is the aim. and thats the problem.

having a socially agreed apon contract that everyone accepts, that gives you the right to work the land the the exclusion of others, and to benefit from the results of your labour ie ownership, prevents the need to kill your neighbour who takes a fancy your land or the produce grown there on.

on the matter of nuclear fusion, i really hope we get it to a stage where its energetically viable. there was a documentary on the beeb a month or so ago. they indicated that should significant resources be put into it we could probably have it up and running by 2030 at the earliest. the problem is that the research we need to do is very energetically intense. the main question is will that energy be availible over the next 2 decades to carry it out, or will it be sucked up by the whole 'ever expanding economy'. who knows. but nothing im hearing from those with the perse strings gives me any hope currently.

with peak oil here, or on the horizon, i believe the current debt based monetary system has got to change. the future simply can not be larger than the past ad infinitum without an ever expanding soruce of cheap energy. (the decent after peak oil cant arrive fast enough for me). we can all argue capitalism vs socialism vs whateverism, but until we sort out the economic expenential growth paradigm it really is pointless. i think it helps to consider the state interms of energy expenditure. as with all systems forcing one specific way of life onto an idealistically diverse population is highly energy intensive, think herding cats. on the other end of the scale total (madmax or otherwise) anarchy is also energetically expensive, think constantly rebuilding burnt down houses or crops after a fall out with the people from the other side of the mountain. id suggest in a future thats less energetically rich well need to find a political system that uses energy in the most effiecent way. i expect this will eventually be a much reduced state, probably only responsible for maintaining the law, maintaining a small military and probably a small postal system.

I think what the bee analogy is missing is the fact that all the bee drones in a specific hive are all sisters. their not working for an unrelated collectivist community as some here are trying to parallel with a more socialist top down system. if we had the high fecundity of the bee, and it was possible to form a community/nation comprising totally of your own siblings then sure communism or similar structures might work. but we cant so it doesnt. biologically humanity produces fewer (comparitively) offspring but places much more energy into each one which gives rise to a more hard wired 'me me me' mindset. its my beleif that this mindset of what we call 'selfish greed' is one of the characteristics that has allowed us as a species to progress to where we are now. if you think about it greed is simply the impulse to accumulate now more than you can possibly use now, so that in the future youll have more to keep you alive when there is less to be had. greed is good. what i will add is that in alot of situations the mememe mentality is served better by sharing, be it food, engery, skills what ever, with those around him, in the expectation, implicit or otherwise, that theyll get the favour returned in the future, socalled reciprical alturism (you see this behavour in bats, which have been shown to have great memories). basically the natural state for human interaction is the something for something senario ie barter or free market model. of corse this leads onto the role of memory and society, i guess chicken and egg, still fun line of thought. wow thats a long post, didnt see that comming when i hit reply.

no, on that day the recovery can start.

not putting spare cash aside for a rainy day isnt very smart.

im going against the consensus here. i liked the artical. however i have long sinse given up on any politician actually doing anything useful in the real world. bees are however more important than global finacial collapses.