tag:blogger.com,1999:blog-8861605.post4379168289372451500..comments2024-03-24T11:01:27.668-04:00Comments on Resource Insights: The Last BailoutKurt Cobbhttp://www.blogger.com/profile/05330759091950742285noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8861605.post-74692515981911666502008-09-24T12:36:00.000-04:002008-09-24T12:36:00.000-04:00I doubt that 'inflation is caused in part' by ener...I doubt that 'inflation is caused in part' by energy recovery ratios. Inflation is monetary phenomenom and comes from printing money out of thin air. If money supply were stable, the price for energy goods may increase if energy recovery ratios fall, but the prices of other goods and services will fall commesurately. And if prices for energy mark its scarcity correctly, then consumers will make appropriate adjustments.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8861605.post-36726706667222341242008-09-21T14:16:00.000-04:002008-09-21T14:16:00.000-04:00Hello rice farmer! Here's an article for you! http...Hello rice farmer! Here's an article for you! http://www.depression2.tv/d2/node/66 , an article by Michael Nystrom, be sure to read the comments, this will better explain, were I may be coming from. The fact that Japan must import almost all their resource, doesn't help matters, either.yooperhttps://www.blogger.com/profile/11297259993402713368noreply@blogger.comtag:blogger.com,1999:blog-8861605.post-46168417758777769032008-09-21T03:18:00.000-04:002008-09-21T03:18:00.000-04:00Speaking of Japan (where I am writing from), I don...Speaking of Japan (where I am writing from), I don't think the economy made much of a recovery after the bubble burst. We didn't have a crash, of course, and banks somehow managed to get rid of bad debt or sweep in under the rug, but since that time the ground reality here has been something akin to "limping along and getting by." I run a small business and I remember the bubble burst and subsequent years well. The business downturn then was nothing compared to the slide we are seeing now. It's happening more slowly, but it feels as though we're sliding down a slippery slope toward a cliff. Basically, the situation now is that energy costs are simply gobbling up too much money, so in that sense it's an example of what Kurt is talking about.Rice Farmerhttps://www.blogger.com/profile/09172342023074235356noreply@blogger.comtag:blogger.com,1999:blog-8861605.post-61249740247848589312008-09-20T17:47:00.000-04:002008-09-20T17:47:00.000-04:00Yup Kurt, I think you're on to something here. Cou...Yup Kurt, I think you're on to something here. Could it be that we've reached our limit of growth, just now? Surely, the higher costs of energy has contributed to it along with reckless financial mismanagement. <BR/><BR/>The way I see it, the housing bubble was created by the Fed and we were just more than happy to buy into it. This manufactured one final last push, producing growth in the country. This got the country back on track after the dot.com bust and 9/11, putting Americans back to work. Think about it, the housing sector is mostly made up with American made products and services, along with the finacial products that enabled this...<BR/><BR/>Now it appears we cannot grow our way out of this problem.. Hopefully, we can learn from Japan who went through a similar phase back in the early 90's. Like Japan, I don't think we'll ever recover to see the highs we once enjoyed. Just periods of particle recovery, only to be followed by deeper decline..<BR/><BR/>Here's the catch, investment is made on the assumption of growth, and interest is only realized after it... Where do we go from here?yooperhttps://www.blogger.com/profile/11297259993402713368noreply@blogger.comtag:blogger.com,1999:blog-8861605.post-89502600932202061312008-09-20T16:32:00.000-04:002008-09-20T16:32:00.000-04:00Hey Kurt!I hope you guys all have a great time at ...Hey Kurt!<BR/><BR/>I hope you guys all have a great time at ASP, wish I could be there. Jeremy O'Leary will be there, and he is part of the operational Bright Neighbor system deployed in Portland.<BR/><BR/>It's working... woo hoo! If money is worthless, then we can have solar/pedal powered servers broadcasting the Bright Neighbor operating system for communities via wi/fi and mobile terminals.<BR/><BR/>The real questions is... without money, do Americans have an incentive to show up to work?<BR/><BR/>Who will keep the electric plants running?<BR/><BR/>Randy White<BR/>Bright NeighborAnonymousnoreply@blogger.com