The economy going tits up ...did you see it coming?

[kyser_soze]

@ DJ:

There was a HUGE discussion about that early on in the Global Banking Collapse thread, and I'm glad you raised his name because I'd forgotten it!

Very interesting stuff indeed...

 

[frogwoman]

yeh, i saw this coming.

i still think there's going to be a world war in my life time though, so i kind of hope i'm wrong on that one.

 

[Kanda]

so where were your thoughts 4/5 years ago...

Did you see it coming?

Yes, email from a friend the other day, one I haven't seen for years:

Hello mate

Well you finally got it right. The end of the world is nigh.

Quick one, what's your address?

I'm working out where to send the national press to uncover your subversive operation.

Cheers

Did you prepare financially?

Kindof, never stretched myself, lived way within my means.

Do you not give a shit?

No matter if it really affects you or not, it'd be stupid to not give a shit.

 

[kyser_soze]

yeh, i saw this coming.

i still think there's going to be a world war in my life time though, so i kind of hope i'm wrong on that one.

Well, according to the Kondratiev wave, there will be one along soon...

 

[frogwoman]

just been looking at that. is there much proof to support that hypothesis tho?

 

[butchersapron]

It's objectivist filth that removes class struggle from any explanatory power in history- which is why Madel had to rewrite and basically chnage the whole thing to fit real life humans in it. That's one of the main problems of this current recession - the rise of all this economic bollocks again, just in a sligjhtly differnt form. It was the Phillips cirve in the 70s then that was was held up to be 100% true and then it was blown apart by real life vents in the 70s.

 

[kyser_soze]

It's objectivist filth that removes class struggle from any explanatory power in history- which is why Madel had to rewrite and basically chnage the whole thing to fit real life humans in it. That's one of the main problems of this current recession - the rise of all this economic bollocks again, just in a sligjhtly differnt form. It was the Phillips cirve in the 70s then that was was held up to be 100% true and then it was blown apart by real life vents in the 70s.

Does none of that - all it is, is a pattern match, nothing more. It doesn't need to describe class struggle, all it's doing is showing a wave patter in numbers.

 

[butchersapron]

Does none of that - all it is, is a pattern match, nothing more. It doesn't need to describe class struggle, all it's doing is showing a wave patter in numbers.

Who said anything about not describing class struggle? I said it's operates according to objectivist principles and assumptions and class struggle as a total random variable that operates within the limits set by the wave rather than forming the bloody thing is and so excised from either the potential explantions or predictions - and from the potential 'pattern' matches - it just happens within the wave with no real driving effect. You should read mandel on why this is utterly central to it.

 

[kyser_soze]

I said it's operates according to objectivist principles and class struugle as a total random variable that operrates within the limits set by the wave rather than forming the bloody thing is and so excise from either the potential explantions or predictions - and from the potential 'pattern' matches. You should read mandel on why this is utterly central to it.

Sorry, this makes no sense. Should it be:

I said it operates according to objectivist principles and class struugle is a total random variable that operrates within the limits set by the wave, rather than forming the bloody thing, so excises from either the potential explantions or predictions - and from the potential 'pattern' matches. You should read mandel on why this is utterly central to it.

?

 

[butchersapron]

That's closer to my orginal intention, yes

I said it operates according to objectivist principles and asumptions, and class struggle, as a total random variable that operates within the limits set by the wave, rather than forming the bloody thing, is as a result excised from either the potential explantions or predictions - and from the potential 'pattern' matches. You should read mandel on why this [this cutting out] is utterly central to it.

 

[Dissident Junk]

In a minute, I think I might class struggle with butcher's very own apron on account of it being too petit bourgeois.

Honestly ....

 

[gosub]

Saw it coming and acted accordingly (same as previous posters more relief than gloating), if the bottom rung of a ladder is unobtainable then you haven't got a ladder just a bubble. Have actually quite enjoyed the boat, and while I have had the odd surprise, weirdly automatically end up at well beyond FEMA style recommended readiness for what I think's coming.

Think opening poster is wrong, a lot of people this coming but the bears were the first to get burnt, by how long they let the bubble inflate. Others such as Soros (according to his book on Paradigms) must have underestimated interconnectivity, treating it as a game of pass the parcel with faith in bombproof bunkers.

Regulators and politicians didn't see it coming because they were out of their depth and still are. I deduce this from not having heard one of them blame Sept 11th. 2001 there was a recession during which decline could have been managed. Then the WTC attacks happened and Greenspan (and his apprentice Gordon Brown) implemented what they called at the time "special measures" to overcome short term trauma destroying the markets. Seven years on the markets even Greenspan had come to consider his short term measures as the norm. The business cycle will out, and most of the growth during the intervening artificial extension was built on sand.

 

[Meltingpot]

It has made me realise what a bollocks idea capitalism actually is - it's not possible to make the earth bigger, so how the hell did we think that growth could just go on and on? '

Exactly. I heard recently that Richard Branson thinks we're going to have to go into space soon.

Cue Black Sabbath's "Into The Void."

Sometimes when I see the idiotic ideas we have, I can't help thinking 'monkeys with cars'.

Yeah, that makes sense sometimes.

 

[Zeppo]

Seeing this coming and being able to do something to stop it are two things. As Kyser says capitalism has a DNA which means it will always go into recession.

We are seriously looking at a big depression coming our way. It could take a decade to get out of our current mess. Fast forward to the Tories winning the next general election and more attacks on the welfare state and workers rights. No change from New Labour but a scary future.

Trade unions and workers need to get their act together fast.