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  #1  
Old 03-07-2009, 11:32 PM
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‘The Great Disruption’ begins?

http://www.nytimes.com/2009/03/08/opinion/08friedman.html?ref=opinion

Let’s today step out of the normal boundaries of analysis of our economic crisis and ask a radical question: What if the crisis of 2008 represents something much more fundamental than a deep recession? What if it’s telling us that the whole growth model we created over the last 50 years is simply unsustainable economically and ecologically and that 2008 was when we hit the wall — when Mother Nature and the market both said: “No more.”

We have created a system for growth that depended on our building more and more stores to sell more and more stuff made in more and more factories in China, powered by more and more coal that would cause more and more climate change but earn China more and more dollars to buy more and more U.S. T-bills so America would have more and more money to build more and more stores and sell more and more stuff that would employ more and more Chinese ...

We can’t do this anymore.

“Just as a few lonely economists warned us we were living beyond our financial means and overdrawing our financial assets, scientists are warning us that we’re living beyond our ecological means and overdrawing our natural assets,” argues Glenn Prickett, senior vice president at Conservation International. But, he cautioned, as environmentalists have pointed out: “Mother Nature doesn’t do bailouts.”


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  #2  
Old 03-07-2009, 11:42 PM
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Duh........
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  #3  
Old 03-07-2009, 11:42 PM
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Berkeley minds..................
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  #4  
Old 03-07-2009, 11:44 PM
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Quote:
Originally Posted by cmac2012 View Post
http://www.nytimes.com/2009/03/08/opinion/08friedman.html?ref=opinion

Let’s today step out of the normal boundaries of analysis of our economic crisis and ask a radical question: What if the crisis of 2008 represents something much more fundamental than a deep recession? What if it’s telling us that the whole growth model we created over the last 50 years is simply unsustainable economically and ecologically and that 2008 was when we hit the wall — when Mother Nature and the market both said: “No more.”

We have created a system for growth that depended on our building more and more stores to sell more and more stuff made in more and more factories in China, powered by more and more coal that would cause more and more climate change but earn China more and more dollars to buy more and more U.S. T-bills so America would have more and more money to build more and more stores and sell more and more stuff that would employ more and more Chinese ...

We can’t do this anymore.

“Just as a few lonely economists warned us we were living beyond our financial means and overdrawing our financial assets, scientists are warning us that we’re living beyond our ecological means and overdrawing our natural assets,” argues Glenn Prickett, senior vice president at Conservation International. But, he cautioned, as environmentalists have pointed out: “Mother Nature doesn’t do bailouts.”
Then the stimulus bill Husein is hawking is complete worhless. Much of it is dedicated to improving and expanding an automobile/consumer infrastructure that will be obsolete before it is built.
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  #5  
Old 03-07-2009, 11:45 PM
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Originally Posted by Skid Row Joe View Post
Duh........
Quote:
Originally Posted by Matt SD300 View Post
Berkeley minds..................
Guys, guys, are you really that thick headed? Our current economic model will not long endure. No way. The reckoning may be harsh.

But holy crap, try to think on your feet.

For a change.

Did you actually read the GDed piece??
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  #6  
Old 03-07-2009, 11:46 PM
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Then the stimulus bill Husein is hawking is complete worhless. Much of it is dedicated to improving and expanding an automobile/consumer infrastructure that will be obsolete before it is built.
Auto culture is not going away that soon.
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  #7  
Old 03-07-2009, 11:47 PM
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Who cares.

What did Bambi say today that was supposed to fix things?
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  #8  
Old 03-07-2009, 11:48 PM
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So if 2008 was this point in time when "the great disruption" began, and it is the turning point for humanity; is it safe to say Bush saved the world?
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  #9  
Old 03-07-2009, 11:49 PM
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Quote:
Originally Posted by cmac2012 View Post
Guys, guys, are you really that thick headed? Our current economic model will not long endure. No way. The reckoning may be harsh.

But holy crap, try to think on your feet.

For a change.

Did you actually read the GDed piece??
The truth is...much of the stimulus bill is devoted to expanding/improving an automotive/consumer based society that is rapidly becoming obsolete
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  #10  
Old 03-07-2009, 11:49 PM
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Who cares.

What did Bambi say today that was supposed to fix things?
Get a clue Berkshire Hathaway man.

Oh hey, Coca Cola. What a boon to the world. And to Warren Buffett.

Whooo-EEEE!!
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  #11  
Old 03-07-2009, 11:50 PM
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Quote:
Originally Posted by Chris Bell View Post
The truth is...much of the stimulus bill is devoted to expanding/improving an automotive/consumer based society that is rapidly becoming obsolete
Elaborate. Examples. Evidence. Etc.
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  #12  
Old 03-07-2009, 11:51 PM
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Elaborate. Examples. Evidence. Etc.
Oil is finite.
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  #13  
Old 03-07-2009, 11:53 PM
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Oil is finite.
No kidding. First I've heard of that.

I MEANT examples of how Hussein's budget was focused on extending the life of auto-culture primarily, which is about what Chris B said.

Do you really think we're going to quit driving cars in the next 8 years? Or 20 years?
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  #14  
Old 03-07-2009, 11:55 PM
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What are all those Chinese people gonna do?
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  #15  
Old 03-07-2009, 11:55 PM
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The road never ends and the party goes on for ever.

If your an idiot and close your mind off to any kind of rational thought.

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