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Denninger-The End Game Approaches

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  • Wed, Mar 25, 2009 - 02:11pm

    #1

    JAG

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    Denninger-The End Game Approaches

Here we go again!

The Market Ticker

Jeff 

  • Wed, Mar 25, 2009 - 03:19pm

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Denninger-The End Game Approaches

Thanks for the heads-up to Karl’s latest barn burner. I really have to stop starting my day with this stuff, though!

My first thoughts were, how exactly does Bond Armageddon unfold and what does an appropriate "duck and cover" strategy look like? (Actually, my first thought was, oh lord, yet another complicated arena within finance and economics that seems utterly unpenetrable to me — why couldn’t we have had a civilization-gutting crisis in some easier to understand aspect of life?) I guess I’ll ponder liquidating the IRA further and buying more PMs, which thankfully, have retreated in price a bit in recent days.

In search of something slightly more hopeful, I visited Sharon Astyk’s blog, where she serendipitously went on a hilarious tear that takes the edge of the catastrophizing for a bit. http://sharonastyk.com/ 

 

  • Wed, Mar 25, 2009 - 03:42pm

    #3
    Peak Prosperity Admin

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    Re: Denninger-The End Game Approaches

Anyone have any idea how this collapse will affect Canada? I am getting the feeling that we are not going to silently witness the sinking of the U.S.  but are going to be dragged down. I see waves of americans crossing the border to get away from the crime and violence only to bring it here.

 

Anyone have a good argument against this? Would be nice if we didn’t have expact a collapse so soon.

  • Wed, Mar 25, 2009 - 03:46pm

    #4
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    Re: Denninger-The End Game Approaches

Excellent article.  Thanks for posting it.

  • Wed, Mar 25, 2009 - 03:49pm

    #5
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    Re: Denninger-The End Game Approaches

Firejack, If we promise to come peacefully and bearing maple leafs and laying chickens, will you let us in? DH is handy, I can garden, and the kids are (mostly) quiet.

What happened to immigration to Canada during the Great Depression? I’m assuming that could be a jumping off point for speculation on this topic. Even Denninger, for all his apocalyptic (and colorful) language, seems to be indicating that a bond market implosion would trigger the second leg down that took the US into the depths of the Great Depression.

  • Wed, Mar 25, 2009 - 04:10pm

    #6
    Peak Prosperity Admin

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    Re: Denninger-The End Game Approaches

How are the Treasury auctions today (5yr) and tomorrow (7yr) going to be affected?  The Fed is supposed to be buying.  Today’s results will be out at 1PM.  Should be interesting.

  • Wed, Mar 25, 2009 - 04:42pm

    #7
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    Re: Denninger-The End Game Approaches

Firejack,

How about we bring all the people fleeing the gang warfare across the Mexican border with us to Canada. Pretty soon the whole population of North America will be in Canada! Wait, I don’t think I have the right clothes for Canada, oh well.Undecided

Jeff (Texas) 

  • Wed, Mar 25, 2009 - 04:59pm

    #8
    Peak Prosperity Admin

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    Re: Denninger-The End Game Approaches

JAG,

Can’t forget Europe and the Muslim influx.
Gert Wilders is living proof that the European’s have sacrificed freedom for pacifying a non-indigneous group.
The social dynamics of our entire planet are on the verge of change if theocracy of any sort takes over… and populations within these groups continue to overpopulate, while other groups continue to die off.

Don’t take this as a slam against a group of people or ethos, it just simply is.

Aaron

  • Wed, Mar 25, 2009 - 05:46pm

    #9
    Peak Prosperity Admin

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    Re: Denninger-The End Game Approaches

Realistically I don’t think immigrating to canada would help much but were you guys really thinking of immigrating here if tshtf?

 

Gail posted another article on the oil drum Where we are headed: Peak oil and the financial crisis 

He again points out that a crash in the financial markets will likely cause a huge crash in oil produciton. No oil production= no mechanized farming = die off. I imagine if people had to go back to live off local food through manual labour they would go south as winters will be hard. In the initial chaos having 7 months where you can’t grow anything will be a bit of a detterent for most unless you are very organized.

 

I can see people immigrating here to try and get away from the states then realizing how much winter sucks here then heading back south.  I think the old joke went "There are 2 seasons in Canada. Winter and preparing for winter."

 

  • Wed, Mar 25, 2009 - 07:22pm

    #10
    Peak Prosperity Admin

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    Re: Denninger-The End Game Approaches

It’s Geert Wilders, Aaron. His PVV (party for freedom) is gaining popularity. According to the polls, if an election was held right now, he would get 20% of the votes, which means 30 out of the 150 seats in the parliament.

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