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192 comments on DrumBeat: November 26, 2008

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hightrekker on November 26, 2008 - 11:29am Permalink | Subthread | Parent | Comments top

Brian-
They are monetarizing this virtual toxic paper, and making sure they were not the last one holding the bag in the Ponzi scheme.
This is a suicide economic model, with the players spinning the chamber, and pulling the trigger.
Of course, the second law does not care one bit, and this anthropocentric nonsense will soon end.

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BrianT on November 26, 2008 - 11:35am Permalink | Subthread | Parent | Comments top

This isn't Russian roulette-in this version they spin the chamber and hold the pistol to your head, not theirs, as they pull the trigger.

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Carolus Obscurus on November 26, 2008 - 12:20pm Permalink | Subthread | Parent | Comments top

Hightrekker, you write:

They are monetarizing this virtual toxic paper

... [snip]

and this anthropocentric nonsense will soon end.

Peak Credit meets Peak Oil.

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xeroid on November 26, 2008 - 12:43pm Permalink | Subthread | Parent | Comments top

Peak Credit meets Peak Oil.

More like peak credit ensures peak oil, it is a lack of adequate profitable oil well investment that will cause/has caused peak oil.

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192 comments on DrumBeat: November 26, 2008

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