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Post by phydeaux2363 on Aug 18, 2015 16:25:18 GMT
Ah, the memories! Sitting in a dorm room, smoking a joint with a dozen others all on pins and needles as the numbers were drawn and read off. And, shortly thereafter, off to Parris Island!!
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Post by missouriboy on Aug 18, 2015 16:49:05 GMT
So do I. The previous year, it blew by my number. So off to "Volunteer" for the Navy I went. Figured no sense going to College, as when your number came, you had better be ready to go. Even today, when someone says our "Volunteer" military, try telling your CO to take this job and shove it. Isn't my idea of being a volunteer. More like an indentured servant. Yep ... or cannon fodder when the powers that be dictate it. I suspect that the term "Volunteer" must come with a certain amount of fatalism during times of war when luck seems to have taken a vacation. I always wonder what such terms meant to distant relatives (the volunteers of '61) four of whom went up that ridge on the 3rd day at Gettysburg ( 2 didn't come back) ... or the 16 year old Matthew whose regiment was annihilated at Shiloh (there is no further record of him). And all the others in that and other wars. ... or would their responses surprise me? "OK, which of us fools was it that suggested we should join the infantry? ??"
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Post by missouriboy on Aug 18, 2015 16:51:59 GMT
Ah, the memories! Sitting in a dorm room, smoking a joint with a dozen others all on pins and needles as the numbers were drawn and read off. And, shortly thereafter, off to Parris Island!! The joint helped too ... particularly for those with numbers a tad bit lower.
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Post by phydeaux2363 on Aug 18, 2015 17:31:19 GMT
Ah, the memories! Sitting in a dorm room, smoking a joint with a dozen others all on pins and needles as the numbers were drawn and read off. And, shortly thereafter, off to Parris Island!! The joint helped too ... particularly for those with numbers a tad bit lower. Well Mr. MO, I seem to remember it providing little solace at the time.
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Post by missouriboy on Aug 18, 2015 18:43:11 GMT
The joint helped too ... particularly for those with numbers a tad bit lower. Well Mr. MO, I seem to remember it providing little solace at the time. Probably so ... but it assuaged my joy (disguised as guilt) for getting a high number.
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Post by sigurdur on Aug 19, 2015 13:18:13 GMT
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Post by phydeaux2363 on Aug 19, 2015 15:19:09 GMT
Does anyone here have the knowledge of the electrical grid to critically comment on the article Mr. Sig posted? I've had kind of a knee jerk negative reaction to Mr. Obama's efforts to green up the grid. If half of what this article says is true, this plan is worse than we thought!!
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Post by sigurdur on Aug 19, 2015 16:06:19 GMT
Does anyone here have the knowledge of the electrical grid to critically comment on the article Mr. Sig posted? I've had kind of a knee jerk negative reaction to Mr. Obama's efforts to green up the grid. If half of what this article says is true, this plan is worse than we thought!! The article is very valid. I have a good friend who helps manage the present grid. He stated the rules are a nightmare. A very very bad nightmare. There has already been interference by this admin that he states is the reason he went bald in two years. He kept pulling his hair out.
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Post by glennkoks on Aug 21, 2015 16:20:06 GMT
It seems that the Chinese Market Meltdown is spreading around the world. Stock markets are tanking, commodities are in the gutter and my guess is the FED will pass yet again on another rate hike.
Economically it is starting to look a little scary. And if you look at history these stock market meltdowns seem to always happen in the fall.
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Post by Ratty on Aug 21, 2015 22:49:38 GMT
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Post by glennkoks on Aug 22, 2015 2:22:04 GMT
New Zealand, Switzerland, Germany, the U.S.
Pick your poison. I am a little skeptical on the perceived rush to value.
I think the truth is the worldwide economy is so entertwined we all sink or swim together. Some may swim longer...
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Post by phydeaux2363 on Aug 22, 2015 13:53:43 GMT
New Zealand, Switzerland, Germany, the U.S. Pick your poison. I am a little skeptical on the perceived rush to value. I think the truth is the worldwide economy is so entertwined we all sink or swim together. Some may swim longer... Mr. Glenn, do you think this could turn into a Great depression type meltdown?
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Post by sigurdur on Aug 22, 2015 15:09:11 GMT
The large item that few discuss is the world success in production of commodities as a result of a slightly less hostile environment.
That is a primary reason for economic stagnation.
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Post by nautonnier on Aug 22, 2015 15:42:51 GMT
New Zealand, Switzerland, Germany, the U.S. Pick your poison. I am a little skeptical on the perceived rush to value. I think the truth is the worldwide economy is so entertwined we all sink or swim together. Some may swim longer... Mr. Glenn, do you think this could turn into a Great depression type meltdown? The current approach to world economy was set up in the Monetary and Financial Conference held in Bretton Woods, New Hampshire in 1944 and assisted in the recovery of the world economy after the 2nd World War. The underlying concept was that the world economy was to be fully interlinked in a way that it was better to assist countries not to fail than to let them fail. A kind of Nash Equilibrium approach to world economics. It was predicated on an ethical approach by bankers and international organizations. Unfortunately, the unethical businessmen, finance companies and countries have identified ways of 'winning' by screwing the 'competition'. However, underlying that if there is a severe failure then the world economy can crash into a worldwide 'great depression' as under it all the Bretton Woods links are still there. There are some amoral 'billionaires' who think there are ways they can make money if this happens and they are talking to amoral politicians who believe they can accrue power if there is a worldwide crash. I believe that there are too many coincidences in what is happening in Europe and the USA for the current economic weakness to be accidental; it is being choreographed to achieve particular ends. I have no doubt that large banks and pan-national companies such as Goldman Sachs, members of the Bilderberg group, the Club of Rome and other more shadowy organizations are involved in setting up just such a crash. Civilization is based on cooperation and trust; these people and organizations are parasites and enemies of civilization.
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Post by nonentropic on Aug 22, 2015 18:57:58 GMT
The great depression was generated to a major extent by the gold standard. Ultimately all governments with the exception of the EU have the ability to print cash via QE or some other process now as Naut suggests.
This allows the government to steal from the lenders and deleverage. We will have meltdowns in the future but this release from a silly metal has prevented the futile spiral into massive deflation.
The issue I have is with the way the money was fed into the system. Consider the impact on the US if a trillion dollars was distribute systematically to all people equally. Yes 3 thousand dollars each.
The money would have gone into every bank account and then against debt and into aggregate demand. The bankers would still be accountable for their stupidity.
Just saying.
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