The Darkest Pool

bronch said:

I've read Kunstler before, I think it was called Geography of nowhere. Although he makes some reasonable points his condescending, over-intellectualized style is still hard to read. I still get the sense that this is the chicken saying the sky is falling. As you know from history, there was the same instability and unrest out of the agricultural age, same thing going out of the industrial age. He keys in on inflation, where it's been the lowest in 30-40 years. Currency inflation? Perhaps. We need a paradigm shift however to deal with the issue of over population and limited resources. That's the biggest problem of the next 100 years.

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VAST said:

i agree with several of your points bronch. i've personally told kunstler he's full of .... and a neo-malthusian wannabe. but he's also right about a lot of things. inflation crops up in strange ways and banks have tremendous sums of free printed up fiat parked at the Fed...who knows where it turns up...we may even have biflation creeping up now...the post i linked is pretty much on point on some key issues...the rainmen and women he forgets to mention are the debt-slaves hyperfocused on their mortgages and bills and loans....

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