Doom in 2016

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I obviously haven't read the book yet (since it is not published), but I'm a bit concerned and disappointed in the topic as it sounds like some kind of ridiculous GOP infomercial that we've seen for years about the "Obama crash is coming!". Now, obviously, Thom will not argue that but the end-of-the-world rhetoric seems odd. Surely, the ideals contained within of social and economic inequality are valid, but why this will result in a 2016 disaster when we just had one in 2008 remains unclear. I think Thom would be better served by explaining our recent past than random and likely false predictions of our immediate future that undermines his credibility.

brent99's picture
brent99
Joined:
Jul. 31, 2007 3:01 pm

Comments

Probably Obama will be blamed for the "oil shock" of 2015-16 just as Carter was blamed for one in the 70's.

The Defense Dept. is paying attention even if no one else is:

http://www.resilience.org/stories/2010-04-07/peak-oil-supplies-april-7

History may or may not blame Obama as being the greatest contributor to an unfolding global warming catastrophe for personally sabotaging the Global Warming Conference in Copehenhagen...unless a future lessor of two evils Pres out-does him. At this point, it will probably be Pres. H. Clinton.

"Yes we can" maintain our perpetual wars, enrich banksters as the nation spirals into decline and we can put grandma on a diet of cat foot. "Hope for Change"...a few pennies in your pocket.

Maybe at some point Amercans will comprehend that the parties of Tweedle Dee and Tweedle Dum don't represent their interests, and they'll form one that does.

Retired Monk - "Ideology is a disease"

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polycarp2
Joined:
Jul. 31, 2007 3:01 pm

Perhaps one should consider the fact that for the last five years the Fed had continuously been pumping $80,000,000,000/month into the banking system which is driving the market to a atrificial highs. Predicting the stock market will have a dramatic correction is like predicting the sun will rise tomorrow, which I realize for some people is still a stretch, but no genius involved.

Dexterous's picture
Dexterous
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Apr. 9, 2013 8:35 am

Perhaps one should consider the fact that for the last five years the Fed had continuously been pumping $80,000,000,000/month into the banking system which is driving the market to a atrificial highs. Predicting the stock market will have a dramatic correction is like predicting the sun will rise tomorrow, which I realize for some people is still a stretch, but no genius involved.

Dexterous's picture
Dexterous
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Apr. 9, 2013 8:35 am

Poly, i think that's what the book is about, "dee & dum" coming together to replace this doom system. Dex, you're right, but it will take some genius to avoid doom and that leaves out all the small mind neo cons.

tayl44's picture
tayl44
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Jul. 31, 2007 3:01 pm

Perhaps the change in leadership in the White House will give some degree of confidence to business owners. Uncertainty always causes stagnation and cutbacks.

Dexterous's picture
Dexterous
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Apr. 9, 2013 8:35 am

Golly, maybe Jim Cramer and the dudheads on CNBC and FAUX Biz will be even more full of themselves and wrong about "the economy." Confidence goes way up when the cult is able to control the message. The bankster happiness index may be sky high, so confidence will be the name of the game.

The tepid recovery has failed to use people and capital to invest in high need infrastructure which would have made economic recovery far more robust than we have seen. It has not turned us away from what ails us, and it has done little to prevent a repeat of a busted boom. Welcome to what is being sold as a "business friendly" environment. Bust out the filtered water and the gas masks.

drc2
Joined:
Apr. 26, 2012 11:15 am

Sorry but the only kind of party that is going to change anything is probably a revolution. BUT, there is also the possibility that the outcome of a "complete" crash could be good for the public. Either would erase the blackboard so we can start over again. The "complete" crash may be more likely because we're already hearing problems for business (like Walmart) because they can't get the cheap loans anymore. Vacant Walmarts might still wind up being bazaars for local businesses. It is very likely that the establishment can't manage this financial collapse as well as they believe they can. They're not that smart.

And remember, all they did in 2008 was to slap a band-aid on the problem while the wound still festered.

captbebops's picture
captbebops
Joined:
Jul. 31, 2007 3:01 pm

Just one permie thought about the vacant parking lots and empty buildings of the future. Many of the permie purists think aquaponics or aquaculture to be a misuse of sacred soil, in other words the artificially created tanks take up space on soil that could be used to plant crops or naturally occuring ponds of some sort. So some in the permaculture realm, see the vacant lots and such as the perfect location for the aquaponic tanks of the future. It sounds pretty good to me. The energy to tear up the pavement etc and go store it somewhere is going to be environmentally costly, so maybe leaving them in place with this use in mind makes good sense.

Semi permeable memebrain's picture
Semi permeable ...
Joined:
Nov. 10, 2011 7:36 am

Every 4 years when a person is elected/appointed to the Presidency of the US... is a time of doom for the people of the US... and especially for the people of the rest of the world...

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norske
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Jul. 31, 2007 3:01 pm

Currently Chatting

A Warren Run Would Change Everything

Over the past few weeks, Elizabeth Warren has emerged as a leader of progressives on Capitol Hill. She led the charge against the part of the CRomnibus that gutted our financial regulations, and she is still fighting the White House over its nomination of bankster Antonio Weiss as Undersecretary of Domestic Finance in the Treasury Department.

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