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B4 the Bell, Moonday, July 12, 2004


Guest yobob1

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Re Orvack's post above about the coming generational storm ...

 

Yesterday Icky Twerp posted this quote from an Az. Republic article:

 

From widespread forest fires to reservoirs at historic lows, the warning signs are gathering. Climate experts are saying the "drought" may be the more normal cycle for this desert. In other words, we laid down an artificial metropolis of 3.5 million people on false expectations.

 

I guess we can survive without Phoenix. But what if we "laid down an artificial economy of 300 million people on false expectations"?

 

Soylent green ... :(

"Lake Powell has lost nearly 60 percent of its water. If water levels continue to fall, the lake will be unable to generate electricity by 2007" :blink:

 

The public has no idea what is coming.

 

For those that didn't read Puplava's latest energy report :

 

MOVING TO CENTER STAGE

by Jim Puplava

Storm Watch Update

June 4, 2004

 

http://www.financialsense.com/stormwatch/o.../2004/0604.html

:blink:

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A caustic, truthful and wonderful article by Bob Herbert on the op-ed page of the New York Times -"The Real Enemy staring us in the Face"-Word- Bob, Word!

"We've trained most of our guns on the wrong foe. The real enemy is sneaking up behind us. Again. The price to be paid for not recognizing this could be devastating."

 

The sheeples' refusal to acknowledge reality will cost us all a great deal.

 

Many reality checks on the way. Fiat money, energy, water, housing market...

post-20-1089640726_thumb.gif

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Fleck can feel it in his bones:

 

Today, we not only have a Fed that is behind the curve, but, far more ominously, the Fed is trapped and unable to rescue the market. It's a variation of the theme I talked about recently in a speech I gave in New York (posted on my subscription site, fleckensteincapital.com) -- that the next time we see a downturn in the economy or the stock market, folks will realize that the Fed can't save them. If folks realize that the Fed can't save the day, that the stock market and economy are "on their own," and potentially heading south, that could easily foment panic.

 

The other potential catalyst now, as in 1987: The dollar is (potentially) coming unstuck, and foreigners could pressure the dollar, or, in other ways, get folks so sensitized to the macro problems that exist that they'd want to sell stocks, at roughly the same time. Most people do not realize that the decline in the dollar over the last two years has been bigger than the drop leading up to Oct. 19, 1987.

 

Odds of a Crash

 

Same here, Fleck. Same here.

 

SOX 433 is the last ditch ... :shocked

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Joe Granville is getting pretty old now....but the lightbulb is shining brightest.

Agreed. Joe was on fire during the Seventies. He respected the trend, and often anticipated it.

 

During the Eighties and Nineties he often fought the trend (didn't we all).

 

It would be poetic justice for him to end his career in a blaze of glory, having "called" Crash III.

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