Thursday, 11 December 2008

Nice Pie

This one's been doing the rounds a bit lately - and in fact is out of date already - the bailout fee has doubled to roughly $8.5 trillion since it was made - so much that you could easily include the whole of WW2 in the pie-chart on the right (WW2 cost less than half what has been spent on the bailout so far at about $3.6 trillion.) That's right, I'll repeat it - THE BAILOUT COST MORE THAN TWICE WW2 FOR THE U.S. ... and they're still spending! In fact, it's cost more than every U.S. Government project of the past 200 years or so - combined. Hehe:

My conclusion is - the U.S.' economy is totally fucked. You can't just invent money equivalent to a couple of centuries of major government project spending in a few months and expect to get away with it. I think it's pretty likely the UK and most the rest of the world will follow suit, be interesting to see how that pans out. It takes 6 months or so for the effects to filter through to the real economy- we've just seen the beginnings of that now with Woolies going down in the UK etc., the first of many.

On a positive note, I joined my local LETS scheme, pretty excited about that! - Not expecting it to be able to feed me if the supermarket supply chain falters though :/

Saturday, 6 December 2008


'Revolution, food riots in America by 2012'

From Commodity Online:
"The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012. [...]"

Lighter news today from Jeremy Clarkson of TOP GEAR:
"Get an allotment!"