“We’re driving in a car with bad brakes in a fog and heading for a cliff. We know for sure that cliff is out there. We just don’t know exactly where it is. Prudence would suggest that we should start putting on the brakes.”
Thomas L. Friedman NYT.
Nuclear, environment, and economic bomb.
Which one will go first?
I say the last one. Humans are unpredictable and the economy is closer to our stupid hands.
Right now one ounce of gold is around one thousand dollars. All the stupid humans will run to get gold pieces and hide them away.
When they come out of their houses they will see that those shiny blocks cannot be eaten.
What a way to go!
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4 comments:
Yep, if California goes down, they New York won't be far behind, and we're being lied to all the way to the edge.
cantoral, did you see this?
http://www.guardian.co.uk/world/2009/oct/04/california-failing-state-debt
Thanks. I missed the Guardian article. I hate being pessimistic. It is just that I have friends from the former Soviet Union, and family in California, these two situations look, should we say, familiar?
I hate to see UC treated this way.
Californians have to step up to the HUGE task in front of them. My wife is living in LA right now.
This whole thing is too close to heart.
I'm really sorry to hear all of that. I too have some good friends that are having difficulties because of this mess.
In this case, I think that you can be realistically pessimistic or you can be unrealistically optimistic, but only one of those worldviews will accelerate you at an exponentially increasing rate toward the edge of the cliff.
I think that's the effect that all the hype that gets put out about the "recovering economy" has, because it entices people to make the same kind of extremely poor financial decisions that got us into this mess in the first place.
But then... the carbon credits that we're earning makes up for it all!... ;)
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