"Marie of Rumania" may be a quote from a poem by Dorothy Parker:

Oh, life is a glorious cycle of song,
A medley of exemporanea;
And love is a thing that can never go wrong;
And I am Marie of Rumania.

Who knew there were such literate blokes hanging out at PO?!

In '09, as today, most will be desperately clinging to the notion that nothing very terrible is going on, but that illusion will be even harder to sustain by both the authorities and the hoi poloi. Oil will be over $150/bbl, the Arctic Cap will have melted or come damn close the previous summer, for anyone paying any attention the fact that we are in run-away GW will be obvious. And most efforts to do anything about the predicament will be tragically counter-productive (bio-fuels...).

Not if you double the tax for the obese.
You'll be able to feed Africa with the surplus

This kind of reminded me about something I read earlier during the week. It was another temperature record being reported, we had the warmest january since 1989 and it was on the front page of the paper. Having followed the local mainstream news concerning temperature records being broken and other peculiar weather I noticed, for the first time, that the style of reporting had changed from this sort of sensationalistic "oh looksee here we got a new cool record on our hands" to this morbid, resigned "warmest january since next to forever. expect winters like these to become the norm. No snow for you, except from the telly." ... grave news indeed.

I wish the best to all you american PO'ers out there. Having Bernanke lay it down like that is a huge storm sign for sure.

Here is a summary I read from a blogger whose articles I tend to find enjoyable even though the subject matter is pretty morbid most of the time. Mike Whitney on the FED thing:

http://www.informationclearinghouse.inf ... e19365.htm




Im not from the US, but I'll still chime in. Im a pretty boring doomer, I expect nothing to be radically different but I guess the erosion and implosion of the US economy will have had an effect. Food and energy will be more expensive and the signs of an economic downturn will be there for everyone to see and cut through to the news more often. Unemployment, hunger, homelessness, distress.

However I acknowledge that there is a chance for a major negative event on so many fragile but still economically important theatres of operation that really anything is possible. But Id have to go with the nothing too radical crowd for now.

Quite an article!

Why is it the MSM only carries one or two partial sentences?

If just 10% of the population read and understand this article, it will get ugly fast.

phaeryen said:





The US FED and the US banking industry are now on a collision course that may well bring the whole show to a stop. The banking industry needs interest rate spreads to increase to compensate for the billions that they have lost, and will lose in the bond market. The FED needs interest rate spreads to shrink to keep the credit markets functioning and the economy from folding in on itself.

Of course Bendover is sounding a little peaked. He knows we are sort of sh*t up the creek.

From that article:



At some point the pollyannas...the cornicopians, the 911 "debunkers"...the slow ride downers...and Occam Razorheads...

WILL GET IN STEP

I have hypothezized before and will say it again:

The ushering in of the GREATEST DEPRESSION was triggered by the federal reserve offering 3-5 year ARMs to coincide with PEAK OIL.

Peak Oil was going to bring down the global economy anyway...why not pin it on "subprimers"...

The plan is 500 MPH into a brick wall.

So why does joe lunch bucket NOT know about this....??

Because he is not suppose to know until it is too late...

and guess what?

IT IS TOO LATE.

Got bunker?

roccman said:



I’ve speculated about this possibility, but I’m still not convinced that the PTB knew about PO until very recently; at least they only had a very limited understanding of the ramifications of PO. From their recent policies, I would assume that they still don’t understand totally what’s coming, and how fast it is coming. I think they are going to go down with all the rest of us. A few families controlling the bulk of world’s wealth for the last four hundred years has been the plight of mankind. Getting rid of them may eventually be worth the suffering that will occur from all of this.



You are certainly right about 500 MPH and about a brick wall, even if the plan part isn’t a part of it.

Shortonoil, I'll lay bets that underlying the American institutional inertia in response to Peak Oil, is the fact that the American dollar is backed by oil, and the demand for the dollar, thus, provides a major prop for the economy. If alternatives are put to good use, the dollar loses it's backing and the empire crumbles. There are many ways to look at this crumbling cookie.

In my mind - the only large issue that has stumped the royal elite is the speed at which GW is occurring.

But this is for the tin foil department.

In my mind - The royal elite believed Greenland's ice shelf was to not slip into the drink for another century...oh well...

Everything else...has been on their radar for well over 200 years.

Well, threadbear, I certainly won’t argue about this statement, even though we often argue! (ha) Alternative energy production could have commenced full steam 30 years ago, and should have, given a truly free market. That would have, of course, undermined the PTB’s power base which has long been oil. Remember John D. Rockefellow and Standard Oil.

I am not saying that the PTB didn’t understand the concept of PO. What I am saying is that their working knowledge of it was insufficient. If they had been better aware of it and its timing constraints, we would now have thorium reactors and deep geothermal power plants operating all over the country. Plants that would now be owned and controlled by them. If my analysis of PO is correct, there is now insufficient time and resources to build the gigantic new infrastructure that would be required, and to put into place the huge social transition that would needed to go along with it.

The PTB were reading the same EIA data (and other corporate shrills like CERA) as all the rest of the oil industry was reading. Like the rest of oil industry, they read it and they believed it. That, I think, for them was a fatal mistake as we will now begin to build small regional energy generation systems that will be outside of their control. Small regional plants were something that they spend 40 years trying to destroy, and they did.

Their power base, energy, and the money it produces is now eroding from underneath of them much faster than they ever imaged that it could. I will make a prediction derived from my studies - they have 5 years.

I know people will think I'm nuts to say it but I believe GW is a spin on the eccentric weather and climate changes we've been experiencing in the past 10 years. And this is all being done deliberately through particular electromagnetic transmissions being directed into the upper atmosphere (via programs like HAARP). The goal of this is to disrupt crop and water supply, precipitate natural disasters, market as global warming and cause a general state of disarray in the population. The bottom line is this is all geared towards driving home the one world agenda.

Mmasters,
What's the motive? Or is lust for power enough? I cannot fathom a mind that would do such a thing.

OK, I'll bite.

Since we're all f'd anyway, I'm kind of beyond getting all riled up on the shrinking numbers of denialists and they're increasingly wacky theories.

I must admit, mmasters, that your idea has the refreshing quality of being one I haven't heard 1000 times already. Is it totally a product of paranoia (and I am pro-paranoia, by the way!), or do you have anything that might physically link the HAARP transmissions physically with climate change?

Americans + conspiracy theory = comedy gold.

I hear the Greys are behind this, not the US Govt.. They put the plan into place in '63 after having to bring it forward a few years because JFK stumbled across the truth when touring Area 51. True story, sir.