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have we reached the peak ponzi

we have ponzi social security

and now ponzi government debt

surely it cant be long before it all comes crashing down

always good to see the UK getting a mention

http://www.traderview.com/economiccommenta...cCommentary.asp

The destruction of the dollar, G7 currencies and bond markets face a significant acceleration in the next six months. The rally in global bond markets nears its completion as new issuance and the rolling of old debt issues increasing proves PROBLEMATIC for global financial markets. Let’s take a quick tour around some of the challenges facing borrowers in the coming months, and a look at the biggest borrowers first - the gluttons of government:

This government debt is paying RECORD low rates. Combine this with the fact that any half-wit knows that the deficits are only going to continue to grow for the near future, as G7 deficits now approach 10 to 15% of GDP for 2009, and are set to continue to explode in 2010. Take a look at the UK tsunami of debt. Unable to go directly to the market or their primary dealer networks, they have now turned to the big banks syndication groups to HAWK the offerings:

Up over 400% in two years, the US is also up 400% since LAST year. Auction failures loom large as INSOLVENT borrowers try to sell offerings SIMULTANEOUSLY over the next nine months; PONZI borrowing where they borrow new funds to retire old obligations and fund new DEFICIT spending. The last person to buy their issuance before the credit markets refuse to buy will be paid back in PRINTED, worthless coupons known as dollars, Euros, pounds, Swiss francs, yen, etc.

This doesn’t include all the new costs from ENTITLEMENTS (free health care) and taxes from the new ENERGY bill. The major banks in the United States face record amounts of short-term debts of over $417 billion coming due in the next year and a half, and in Europe they face similar challenges. However, those in Europe may have waited TOO long as credit markets are about to be flooded with issuance.

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Yes, Peak Ponzi has been reached because the Ponzi financial system relies on exponential growth to function properly, which requires exponential growth in energy use. As we have arrived at peak oil, this is no longer possible, so the pyramid scam and everything that exists because of it unravels and industrialisation goes into reverse - deglobalisation and definancialisation are just the beginning.

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deglobalisation and definancialisation are just the beginning.

... of another Mad Max / Tin Foil Hat thread? :lol:

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... of another Mad Max / Tin Foil Hat thread? :lol:

So, my learned friend, what alternatives do you propose to hydrocarbon fuels?

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Guest Parry
So, my learned friend, what alternatives do you propose to hydrocarbon fuels?

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So, my learned friend, what alternatives do you propose to hydrocarbon fuels?

:blink: 'scuse me?

I don't think the OP meant to discuss alternative energy sources on this particular thread

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Pay back debt with more debt.

Genius.

Just make the debt mountain bigger.

Edit to add.

Pretty soon will just need more debt to pay the interest.

Edited by interestrateripoff

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:blink: 'scuse me?

I don't think the OP meant to discuss alternative energy sources on this particular thread

We could always talk about home-made sorbets, ice cream and fruit smoothies.

Let's do that!

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:blink: 'scuse me?

I don't think the OP meant to discuss alternative energy sources on this particular thread

Ok. Just thought that you might have concocted some wondrous alternative in your makeshift laboratory as you were quick to dismiss the concept of deindustrialisation after peak oil.

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Ok. Just thought that you might have concocted some wondrous alternative in your makeshift laboratory as you were quick to dismiss the concept of deindustrialisation after peak oil.

Sadly not... ;)

What I meant was, you start talking about deglobalisation and definancialisation, you know what's going to come next: gold, guns, beans :lol:

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Ok. Just thought that you might have concocted some wondrous alternative in your makeshift laboratory as you were quick to dismiss the concept of deindustrialisation after peak oil.

I like a nice watermelon smoothie. But it's a little bland. Can you think of anything else to add to the recipe?

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I like a nice watermelon smoothie. But it's a little bland. Can you think of anything else to add to the recipe?

rum

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Sure, be creative - we'll call it "the Parry" ;)

I'll put a recipe together you can all enjoy.

It'll involve meths.

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I think I will start a new business. Manufacturing tinfoil hats.

:)

With smoothie maker, cup holder and straws attachments.

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will it get you past the dragons

You've made no effort with this thread. :angry:

You should have come up with at least two smoothie recipes by now, even if you just plagiarised them off the net.

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chestnut flour and milk

The Depression Busting Smoothie AKA Brown's Bile

That's one.

Hold on a minute . . .

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Pay back debt with more debt.

Genius.

Just make the debt mountain bigger.

Edit to add.

Pretty soon will just need more debt to pay the interest.

The scary thing is, we're already doing that and it's only going to escalate. I still can't see the endgame for our debauched currencies coming any time soon though. Not whilst the bond holders have too much to lose by dumping.

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Guest Parry

Nectarine Berry Smoothie

Nectarine delight

Recipe Information:

Serves: Fruit

1 Blueberry, Nectarine, Strawberry

Ingredients:

* 1 nectarine, pitted

* 3/4 cup strawberries, hulled

* 3/4 cup blueberries, rinsed and drained

* 1/3 cup nonfat dry milk powder

* 1 cup crushed ice

Method:

In a blender combine nectarine, strawberries, blueberries, milk powder and crushed ice.

Blend until smooth. pour into glasses and serve.

Serves 2

http://www.smoothie-recipes.net/

The Perfect Way to Five a Day!

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