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2007, December 31, Monday. |
NOTE: I'm not trying to urinate on the holiday; if you don't want to read the doom, scroll down for a bunch of funny Harry Enfield clips on youtube.
And so another year arrives; will this be The One? Just remember: 2008 will see the continuation of the credit crisis that continues to threaten the world's financial system. In a worst-case scenario there could be (more) bank failures, along with the near certainty of further dollar depreciation and inflation, both of which will effectively eat the savings of US residents.

In March 2008 (the Ides of March again, sigh), a huge number of ARM mortgages will "reset", allowing the lenders to hike up the payments of the suckers who bought them.
In the months ahead, we'll see just how bad things will get. I don't pretend to have any inkling as to how ugly it will be, or how likely a major economic disaster is; I apply the precautionary principle, and assume the worst. I plan accordingly. I expect people to draw down their credit cards, those being their last hit of cheap money. How long that particular Ponzi scheme might last is anyone's guess. Expect Joe Public to act like a junkie with his last shot of Heroin. He's not going to start saving, conserving, or curtailing.

What follows is what I have done to reduce my exposure to the possible collapse:
Live cheap;
No debt (as in NONE).
I don't keep all my cash in one place. I use different banks;
I have various currencies (US dollars, Canadian dollars, gold, silver). I'll be getting some Euros in the New Year.
I keep enough paper money on hand to last about three months. (No, I'm not telling you where I live).
And, just in case things get really hairy:
Keep an emergency food reserve. In my case, that's enough for between 3 and 4 months. I know I sound like a nutball, but that's because I read about three to four hours of news a day (and I'm not talking about MSM pablum).
The above measures reduce my chance of being destroyed if a big institution comes crashing down - basically they give me a little "wiggle room". I just can't believe how many people have all their savings in their nearest bank...this is a recipe for disaster. DIVERSIFY.

Your mileage with the above may vary. I don't mess with IRAs or Mutual Funds. I know that I could make better interest if I invested in various financial doo-dads, but I just couldn't be bothered. I don't know enough to make an informed decision, and wouldn't be comfortable with the risk even if I did.

That said, have a Happy New Year.
British PM Gordon Brown predicts an unpleasant 2008. He has nothing to offer but blood, sweat and tears.
Kunstler: 2008 forecast. Jim tends to be off with specific predictions (e.g. he's issued several erroneous dates for the stock market to crash in the past), but in the broad strokes he's eerily on the money. Far fewer people would have been suckered by the Real Estate shysters had they read his blog over the last few years.
Financialsense.com (a gold-bug site) has a less catastrophic take, though their long term forecasts aren't exactly hunky-dory...
The US is threatened by the new world order.
Tom Whipple's 2007 peak oil roundup.
Mars Rovers struggle to survive yet another Martian winter.
British comedian Harry Enfield created these superb pastiches of early BBC information films. Great stuff:
Women, keep your virtue!
Advertisement breaks.
Women, don't drive!
Life in 1990.
The working classes.
L is for Labour.
Christmas tidings.
Methods of self defence.
Association football.
Frightening diseases of the mind.
Conjugal rights.
Women, know your limits.
On death.
Animals.
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2007, December 19, Wednesday. |
I've been in LA for the last week, having taken the train down from Portland. 32 hours = long time, but I met some interesting people on the way (and at no point did I have to take off my shoes or belt, or be made to feel like cattle in a veal crate). I'm in LALA land until the 29th.
A financial tsunami is upon us...
The collapse of the modern day banking system.
Hoo-ah! God's basic training.
The soldiers need to watch this video: Pagan Christ.
Photos: Large burdens in China.. Here's more.
Map readers in Chicago = TERRORISTS. Add the windy city to the NO-GO list. Maybe the Chicago Tourism board can have a new slogan: "Visit Chicago, and we'll arrest you, taser you, send you to solitary where you'll be kept awake 24 hours a day, force fed with a plastic tube to prevent you from finding the sweet release of death, rendering you a twitching psychotic wreck, at which point we'll realise that you were innocent all along and dump you on the side of the street without a word of apology. Enjoy your stay."
Icelandic tourist arrested and shackled, abused by DHS.
Ah, the xmas warriors, and their gritted teeth snarling Happy CHRISTmas!!!
The history of Saudi Arabia in 2 minutes, via the Hollywood movie The Kingdom
Wheat prices soar over $10 a bushel.
Lego: Japanese castle.
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2007, December 5, Wednesday. |
I've been on some online forums recently where westerners (christianists) have been ridiculing some of the loopier aspects of Islam (following the Teddy bear incident in the Sudan). The posters are too young to remember the furore in the eighties about Martin Scorcese's "Last Temptation of Christ" apparently.

Anyhow, a while ago, I was talking to a co-worker. We were talking about Scientology, and how crazy their beliefs are - Xenu the galactic overlord, millions of alien souls inhabiting our bodies, etc.

“You know, there’s another crazy cult even loonier than that!” says I.

“There is?”

“Yeah. There’s this religion that says that God made the world in six days, and made one man and one woman to live in it. He put them in a garden with a magic tree, but told them not to eat the fruit. A snake told the woman to eat it, and she did, then God got angry and kicked them out. The problem was that all the people born after that went to hell, and the only the way that God, the creator of the universe, could fix this was to incarnate a part of Himself as his own son, and be born by a virgin, and have his son/himself crucified, so that his suffering could redeem mankind and people could go to heaven again. But only if they choose the right form of the religion, as there are thousands.”

She was laughing by this time. Point taken.

“Oh, and once in a while, this all-powerful God, (or his son, or mother) appears on a tortilla chip in Mexico, just to prove that he really exists.”

My point is, all religions have some crazy notions in them...and life is so much easier if you read them selectively, and recognise poetic truth instead of literal truth.

But that's asking too much of shaved monkeys, apparently. Pass the six pack.
Arizona realtors are totally nuts!
They should watch this 20 minute James Howard Kunstler lecture, given to the googlebots in 2004.
Joe Bageant delivers a smack-down to accusations of anti-semitism. Good work JB!
Japan is kicking lunar ass, making 3D movies of the surface. The clips load very slowly, so click the links, wait 10 minutes, and then watch them: 1 and 2
The more I read about the technical challenges being faced by a permananent lunar base, the more pessimistic I become. The latest challenge is lunar dust kicked up by lunar landers. This wasn't a problem during Apollo, as each mission consisted of one lander. A permanent base, however, will be scoured by dust, which will wreak havoc on it. This challenge, combined with the dangers of long-term exposure to cosmic rays, gamma rays and solar flares, and the difficulty in keeping lunar dust out of the interiors of the crafts, doesn't exactly fill one with confidence.
At the risk of losing Green-points, I will buy shares in this company asap: SpaceX may go public in 2009.
The discovery of a dinosaur mummy.
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2007, December 3, Monday. |
Over the last few weeks I've been finding it harder to read through some of the gloomier articles - spefically the economic ones; this isn't that I don't believe them - it's more a case of "information overload". Things seem to be moving speedily to an almighty crash, sooner rather that later. So you may notice an uptick in lighter material. I'll still try to dig out some gloom, as best I can - as that's the critical stuff. Now that I'm safely moved into my new home, I hope my posting will stabilise. I've got lots of work to do, and not enough time in which to do it.
Iran Holocaust drama is a big hit.
No quakes please: Architectural mayhem meets technical wizardry in China.
Dumb blonde fails a 3rd grade question. "Isn't Europe a country?" "Is France a country?" "Do they speak Frence in Europe?" Lady, just two pieces of advice: 1. Don't Vote. 2. Don't breed.
Scotland spends $125,000 on a new slogan: Welcome to Scotland. So much for the stereotype of Scots being mean with money. Hell, I'd have given them "Welcome to Scotland" for $10K and a bottle of Single Malt.
Happy news: Brazilian Ocelot born. Cute - very cute!
My kind of gal: Woman sterilises herself to save the planet. I hope she never finds out about "Jevon's paradox", "The Rebound Effect" or "The Khazzoom-Brookes Postulate." Basically, self denial in a society where only a section of the population is pointless, as the resources saved are simply used up by someone else (in this case, a welfare slag-heap with 7 brats living off the tax-payer). All this lady has done is to de-select her "ethical" genes in favour of selfish ones.
It's the thought that counts though.
More yahoo goofery: Ads in pdf files. Another reason to use Foxit instead of Acrobat, no?
Flag pin etiquette. I think this is an update of a older page, but it's still funny.
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