Story on Forbes from a few days ago:
http://www.forbes.com/opinions/2008/10/01/goldman-morgan-run-oped-cx_nr_1002roubini.html?feed=rss_popstories
The next step of this panic could be the mother of all bank runs, i.e. a run on the trillion dollar-plus of the cross-border short-term interbank liabilities of the U.S. banking and financial system, as foreign banks start to worry about the safety of their liquid exposures to U.S. financial institutions. A silent cross-border bank run has already started, as foreign banks are worried about the solvency of U.S. banks and are starting to reduce their exposure. And if this run accelerates--as it may now--a total meltdown of the U.S. financial system could occur.
16 years
We have one hectar farmland and 4 hectars forest left - grandpa was a farmer. That´s enough to grow a sufficient amount of potatoes and veggies for a family and keep the house warm in winter.
Looking forward to seeing the big socialist world revolution. 100 years later than Lenin thought, but IMHO you need computers to run a communist economy, so it´s just at the right time. :D
16 years
We have one hectar farmland and 4 hectars forest left - grandpa was a farmer. That´s enough to grow a sufficient amount of potatoes and veggies for a family and keep the house warm in winter.
Looking forward to seeing the big socialist world revolution. 100 years later than Lenin thought, but IMHO you need computers to run a communist economy, so it´s just at the right time. :D
My grandpa was a farmer too... He had about the same size of land... and yes, the commies took it away! ;)
If you want to grow a vineyard on it (before the commies), let me know! :)
16 years
Grapes don´t grow there. Wrong sort of soil, to start with. There´s also not enough sun - you can only grow grapes on steep south-facing slopes in Bavaria. That´s why we abandoned wine altogether after the end of the medieval warm period and brewed beer instead.
The soil would be perfectly appropriate for cannabis though. Still interested?
Re: commies. Did you know Bavaria was the world´s second socialist republic after the USSR? It only lasted less than a month in 1919 though.
16 years
The soil would be perfectly appropriate for cannabis though. Still interested?
*cough* :D
16 years
Is that a "yes"? :)
Back to topic though.
Interesting thought, quoted from here:
The End of American Capitalism?
Sounds pretty dramatic but that is the headline of a story on the front page of the Washington Post today. Maybe a bit exaggerated, but that the subject even comes up is amazing. None of the candidates are passing out the collected works of Marx and Lenin yet, but the next President is in for what candidates love to call (but hate to make) "tough decisions." It is far more likely that the scary phone call will come at 3 P.M. rather than 3 A.M. and will have to do with which other industries have to be nationalized to save them from going belly up.
For example, General Motors stock was off 31% to $4.76 a share yesterday. The Bush administration has turned the budget surpluses inherited from Bill Clinton into massive deficits financed by borrowing money from foreigners, especially in Asia. This means that Asian countries, especially China, own hundreds of billions of dollars worth of treasury bills. Now suppose the Chinese government decides it wants to get into the car manufacturing business so it makes a deal with Toyota, now the world's largest car manufacturer, to buy GM outright for a song and move its factories to China to be operated by Toyota but employing Chinese workers. All they keep is the U.S. dealer network and millions of American jobs are lost. If the next President nixes the purchase of GM, the Chinese sell their treasury bills and the dollar collapses. This is not science fiction any more. Which candidate is better prepared to deal with stuff like this could determine the election.
edit: another shocker, quoted from here:
The US market has always represented the ultimate safe haven venue yet this morning according to my screen at about 700AM New York time the yield on the 2 year note was actually several basis points higher than where it closed late yesterday. Indeed, the yield on every Treasury issue is higher than the level at which it finished in late trading yesterday.Is this the beginning of the end for the dollar and the Treasury market? Is this the first sign of the bursting of the bubble in Treasury securities? That market, in a sense, represents the ultimate bubble as it exists at the whim and caprice of foreign investors, who have as participants in a Faustian bargain, financed our war(s) and our lifestyle so generously over the last decade. Maybe even that bizarre construct is crashing about us as we speak.
That would be the Argentina Scenario.
16 years
Grapes don´t grow there. Wrong sort of soil, to start with. There´s also not enough sun - you can only grow grapes on steep south-facing slopes in Bavaria. That´s why we abandoned wine altogether after the end of the medieval warm period and brewed beer instead.
so why don't you plant some malt instead? You could have several results: coffee, beer, whiskey... only depends on how long you want to mess with it...
But if you change your mind, let me know as I may pop in Vienna next week...
The soil would be perfectly appropriate for cannabis though. Still interested?
Sure, why not? We need some extra infra lights though like as you said, not enough sun. At least we both know the piggies so we don't have to start from zero... ;)
Re: commies. Did you know Bavaria was the world´s second socialist republic after the USSR? It only lasted less than a month in 1919 though.
A very interesting story indeed. There is always something new to learn... Thanks for that! :)
[still off-topic]
About my previous statement, just to be more appropriate, it wasn't my gramps, it was his father's land and in fact it was 6 hectars. I asked my dad for exact details.[off-topic over]
16 years
This is not science fiction any more. Which candidate is better prepared to deal with stuff like this could determine the election.
I looked up that Washington Post article:
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/09/AR2008100903425_pf.html
Interesting...
16 years
so why don't you plant some malt instead? You could have several results: coffee, beer, whiskey... only depends on how long you want to mess with it...
Actually, there is a lot of hops grown in the region. I have more experience in growing cannabis though. It grows really fantastic there! I absolutely don´t have to start from zero. I even have some seed left!
But if you change your mind, let me know as I may pop in Vienna next week...
Good news! Looking forward to seeing you.
A very interesting story indeed. There is always something new to learn... Thanks for that! :)
Yes indeed, fascinating, sort of. So many unlikely things happened in 1917-1919 alone, history could have gone in so many other directions.
16 years
I just duscovered this video on youtube.
It is a trailer of The Big Sellout, a documentary about our dear capitalist world.
Synopsis here.
Related Pages
Log in to join discussion