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Steppenpig

The Collapse Of The English Squirrel Thread

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Just to keep things balanced. Of course, the difference between us and the Russians is, they actually did have a pillar on which their economy was built.

Edited by Steppenpig

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Reading a book at the moment with references to a collapsing economy. People ask the protagonist why should the economy collapse etc.

He simply replies: "Why shouldn't it?"

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It is difficult to make predictions as TPTB have so much to lose that they are throwing the kitchen sink at maintaining their illusionary wealth. The problems how ever that have been obvious to so many on this site for so long have not been resolved. It is only a matter of time before they lose control, and events seem to be speeding up.

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It is difficult to make predictions as TPTB have so much to lose that they are throwing the kitchen sink at maintaining their illusionary wealth. The problems how ever that have been obvious to so many on this site for so long have not been resolved. It is only a matter of time before they lose control, and events seem to be speeding up.

Events sure do seem to be speeding up. Can't help but feel currencies will be trashed. deflation won't be allowed.

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What's next for the UK as the next market crash bears down on us? bail-ins, negative interest rates, a war on the value of sterling

just further down the rabbit hole. People accepting government bonds with crap returns.

I would like to think out of all of this we will get realistic lending criteria linked to income. But I feel reality will be just more loose lending 'to get the economy going again'

having to duck and dive between assets, cash, markets when there is soo much interference is a nightmare. Once false move and years could be lost on savings. it's not all that predicative. Markets will head up off the fed speeches until they don't anymore.

looking at the UK now, with the debt junkies, useless university graduates (still a huge skills shortage where needed) wasted resources. it's not exactly a place which holds long term promise. plenty of people just don't have a clue. brainwashed on property porn.

I'm trying to stay outside of the system best I can, don't trust fiat currency. The whole system is set against accumulation of wealth.

plenty of stories of houses on sale for years without any viewings. Logic just doesn't enter the equation in mad times like these.

sick of seeing ancient boomers all dressed up in expensive clothes, all buying lifestyle products. all looking happy with themselves and 'classy' buying Chinese made tatt passed off as posh.

they will do everything they can to get inflation. Don't think we have seen anything yet. I'm prepared to jump company to avoid lagging wage rises. avoiding buying and renting. flexibility will be the key.

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The tidal wave of industrial deflation now roiling the world is undeniably true, and yet another crisis the central bankers' equilibrium models failed utterly to comprehend.

The old AM/FM dichotomy is apparent once again. Actual Markets vs F***ing Make-Believe.

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What in the name of the book and author?

Atlas Shrugged?

Truly, the collapse of the English squirrel acts as a metaphor for the ills of our own society. The plucky but naive native Red, out-bred, overwhelmed and finally forced into being a minority in it's own country by the hordes of invading Greys - is this not mirrored by our own experiences with the pitiless and remorseless flood of the practitioners of the so-called 'religion of peace??' No true patriot can deny the need to immediately set up concentration camps and... (Continues hysterically posting on the Telegraph website for the entire day)

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What in the name of the book and author?

"Welcome to the divide..." by S.P. daley

A strange and compelling book

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Atlas Shrugged?

Truly, the collapse of the English squirrel acts as a metaphor for the ills of our own society. The plucky but naive native Red, out-bred, overwhelmed and finally forced into being a minority in it's own country by the hordes of invading Greys - is this not mirrored by our own experiences with the pitiless and remorseless flood of the practitioners of the so-called 'religion of peace??' No true patriot can deny the need to immediately set up concentration camps and... (Continues hysterically posting on the Telegraph website for the entire day)

I recall that in Germany between the wars, there wasnt a sudden construction of concentration camps, but the whole edifice was created bit by bit in the drive to create work for millions on unemployed...They built Autobahns, they built strong military defences, they built massive camps for the workers to live in while away from home.

The issue came as they ran out of resources, like trucks and other capital tools, so they started commandeering stuff, demanding compliance with laws, knocking out resistance to the tyranny of "helping the people" with strict laws, penalties, removing juries, putting people who didnt get on page into prison, later using the "employment camps" as prisons.

Soon, Political Correctness brought a new breed of Administrators, firmly behind the Party and the Fatherland.

Slowly slowly, a nation became a Nazi State, all out of "good intentions" and Political Correctness.

It seems to me the US is on this path.

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Events sure do seem to be speeding up. Can't help but feel currencies will be trashed. deflation won't be allowed.

Yeah, hyperinflation is always the endgame. Can't have the rich losing their over-leveraged assets.

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Actually Michael Pettis did a very interesting article once on this. Basically the economic 'miracle' engendered was deploying savings into investment to create demand. The final stage of all such occasions leads to economic collapse which would have happened if Germany hadn't started to wage war instead.

The only difference between today and then was, so I have always understood it, that Hitler secretly planned from the outset to wage war/conquest eastwards to finance his 1000 year reich?

The difference today being that Western political leaders will merely get 'swept up' and led briskly into war/conflict so fast that they don't have time to realise/think through consequences of what they are embarking on. Though I do concede that a very few 'darker' establishment members may well be much more clued up and actually welcome the 'distraction' of war/conflict as a promising route out of the wider, and seemingly intractable, socio-economic malaise we find ourselves in.

I believe the much followed/quoted Marc Faber has frequently said, in so many words, that the very likely 'endgame' of our current global financial woes will be that 'they' go to war. Who the 'they' will ultimately be is yet to be determined. There are so many candidates, so many potential triggers and flashpoints.

Edited by anonguest

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The tidal wave of industrial deflation now roiling the world is undeniably true, and yet another crisis the central bankers' equilibrium models failed utterly to comprehend.

The old AM/FM dichotomy is apparent once again. Actual Markets vs F***ing Make-Believe.

Not really.

China & germany need to rebalance mainly through raising domestic demand (China understands this, germany refuses to accept it)

Err.....thats more or less it

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The only difference between today and then was, so I have always understood it, that Hitler secretly planned from the outset to wage war/conquest eastwards to finance his 1000 year reich?

What a daft idea!

It was all due to "political correctness".

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What a daft idea!

It was all due to "political correctness".

no, Political Correctness was used to control free speech and dissent...as it does today. PC is a weapon...not the policy.

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Not really.

China & germany need to rebalance mainly through raising domestic demand (China understands this, germany refuses to accept it)

Err.....thats more or less it

ah, so the local farm needs to balance its economy by increasing its own consumption, rather than exporting excess produce to customers...

I get it inow.

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ah, so the local farm needs to balance its economy by increasing its own consumption, rather than exporting excess produce to customers...

I get it inow.

Sorry, not allowed. The EU fines farms that produce excessive quotas, milk for example, regardless of those who might want another cup of Ovaltine.

A barrel of light sweet crude however, not my favourite bedtime drink, can cost anything from 15 - 100 plus dollars. Think someone's 'avin a laugh?

Back on topic, somebody put the collapse around 2007. Now, the author of Pax Britannica actually aligns it with the death of Queen Victoria. I think I'd go for about 1966 . . . oddly enough, a time when we last won the World Cup and English Elms succumbed to all those beetles.

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Just to keep things balanced. Of course, the difference between us and the Russians is, they actually did have a pillar on which their economy was built.

..there are no 'pillars' in the real world..just risks...the world ..even in the days of the caveman (who survived) ...the key was to manage risk.... or ....you were eliminated ...just as nature intended.... :rolleyes:

Edited by South Lorne

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Not really.

China & germany need to rebalance mainly through raising domestic demand (China understands this, germany refuses to accept it)

Err.....thats more or less it

The oil price collapse is Yellen's housing bust. Bit unfair since it was her former boss who authorised most of the reckless asset price and commodity inflation, or 'appreciation' as he preferred to call it. But Janet was in the building when the decisions were made, dissented publicly from none of them, and now occupies Bernanke's desk, so I guess if the cap fits...

The damage done must be epic by now, throughout the financial system, but we’re not hearing much about that yet, are we? We will in time, not to worry. Everyone’s invested in oil, and big time too, and they’ve all just become party to a loss of about half of what both oil itself and oil stocks were worth just this summer.

There’s those who can ride it out and wait for sunnier days, but many funds don’t have that luxury. Who wants to be manager of Norway’s huge oil-based sovereign fund these days? With all these long-term obligations entered into when oil was selling for $110, no questions asked? The Vikings must be selling assets east, west, left and right. But they’re not going to tell us, not if they can help it.

Just like all the other money managers who pray every morning and night on their weak knees for this nightmare to pass. Your pension fund, your government, they’re all losing. BIG. They’ll try and hide those losses as long as they can. But trust me on this one: all major funds have oil in a prominent place in their portfolios. And there’s a Bloomberg index that says the average share values of 76 North American oil companies, i.e. not just the price of oil, have lost 49% of their value since June. There will be Blood with a capital B.

...

The shale patch can exist in its present form only if it has access to nigh limitless credit, and only if prices are in the $100 or up range. Wells in the patch deplete faster than you can say POOF, and drilling new wells costs $10 million or more a piece. Without access to credit, that’s simply not going to happen.

Don’t forget, shale companies came into the ‘new lower price era’ with big debt issues already in place – borrowing well over $100 billion more annually than they earned, for at least 3 years running, and then in Q3 2014 they spent ‘$1.30 for every dollar earned selling oil and gas’ according to Bloomberg’s E&P index. Q3 is July, August and September. On July 1, WTI traded at $106. On September 30, it still did $91. And in those days, at those prices, the industry bled $1.30 for every dollar earned. What is that ratio today? $2 spent for every $1 earned? $2.50? More? That is not a different business model, that is not a business model at all.

Existing wells, those already drilled, will be allowed to be emptied, but then it’s over. Who’s going to continue to pump millions upon millions into something that’s a guaranteed loss? Nobody. And not only that, but lenders will start calling in their loans, and issue margin calls.

“The average borrowing cost for energy companies in the U.S. high-yield debt market has almost doubled to 10.43% from an all-time low of 5.68% in June”, says BoAML.

That’s about all we need to know. Shale was never a viable industry, it was all about gambling on land prices from the start. And now that wager is over, even if the players don’t get it yet. So strictly speaking my title is a tad off: we’re not drilling our way into oblivion, the drilling is about to grind to a halt. But it will still end in oblivion.

http://davidstockmanscontracorner.com/drilling-our-way-into-oblivion-shale-was-about-land-gambling-with-cheap-debt/

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no, Political Correctness was used to control free speech and dissent...as it does today. PC is a weapon...not the policy.

Comparing again today's PC with Nazi and Soviet crimes ??? You should not really disrespect victims of Soviet and Nazi crimes. It is just morally wrong and repulsive ...

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Comparing again today's PC with Nazi and Soviet crimes ??? You should not really disrespect victims of Soviet and Nazi crimes. It is just morally wrong and repulsive ...

You are really proving your lack of simple comprehension. I said PC was a powerful tool to change the attitude of communities...they can be any colour you like. Once you are aware of the FACT that propaganda comes from all Governments (propaganda is simply a spin on what is going on presented to make a case for Government actions to the public). They dont like te word propaganda as it is associated with Lies and Deceipt, but spin is exactly that...a way of turning a bad truth into something to your advantage...and the people doing this are those seeking votes.

Putin may attack the UK...If he does, we are prepared.

Thanks for the link to the "Russian Source" of news, the Moscow Times.

Colour me cynical, but do you know anything about the Moscow Times?

The first edition of The Moscow Times was published on October 2, 1992, with the paper founded by Dutch entrepreneur Derk Sauer.[5] The paper began as a twice weekly publication, before becoming a daily newspaper after a few months. Until 2000, it was based in the old headquarters of Pravda, and it was the first Western daily to be published in Russia.[6] In 1997, the website www.moscowtimes.ru was registered.

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You are really proving your lack of simple comprehension. I said PC was a powerful tool to change the attitude of communities...they can be any colour you like. Once you are aware of the FACT that propaganda comes from all Governments (propaganda is simply a spin on what is going on presented to make a case for Government actions to the public). They dont like te word propaganda as it is associated with Lies and Deceipt, but spin is exactly that...a way of turning a bad truth into something to your advantage...and the people doing this are those

Well this is what you said about PC:

So in Nazi Germany, they made it UnPC to criticize the state. They created a scapegoat for failures in policy and PC created an atmosphere that encouraged hate in this case...if you werent on page, you were told so and encouraged to be told so, backed up with legal force and courts that enforced new laws.

And I am saying it is morally wrong to compare current UK PC with Nazi/Soviet regimes. Simple as that. So please stop disrespecting victims of Soviets and Nazis! They can not defend themselves ... :(:(:(

Edited by Damik

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