Comments on: The Bottom of This Society’s Ability to Process Reality http://www.dailyreckoning.com.au/the-bottom-of-this-societys-ability-to-process-reality/2009/05/20/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Biker Pete http://www.dailyreckoning.com.au/the-bottom-of-this-societys-ability-to-process-reality/2009/05/20/comment-page-1/#comment-79918 Biker Pete Tue, 26 May 2009 05:27:42 +0000 http://www.dailyreckoning.com.au/?p=6035#comment-79918 Carlos, you're 100% correct. This bridge between people is a sure guarantee that North Korea is just being playful; and that there's nothing on the cards in Iran... I really hope and pray you are correct, but I doubt the internet will prevent some old dying fool who wants his name writ large in the history books trying to nuke his neighbour holding a better hand... . Carlos, you're 100% correct. This bridge between people is a sure guarantee that North Korea is just being playful; and that there's nothing on the cards in Iran... I really hope and pray you are correct, but I doubt the internet will prevent some old dying fool who wants his name writ large in the history books trying to nuke his neighbour holding a better hand... .

]]> By: Carlos http://www.dailyreckoning.com.au/the-bottom-of-this-societys-ability-to-process-reality/2009/05/20/comment-page-1/#comment-79901 Carlos Tue, 26 May 2009 03:59:23 +0000 http://www.dailyreckoning.com.au/?p=6035#comment-79901 The megalomaniaphobes need to get a grip. 2009 is a world away from Pearl Harbour. We have something today called the internet, along with skype, email and mobile phones. We are quite literally now, one people. I play bridge regularly - 4 people on 4 different continents. Nobody wants to bomb their friends. On a list of fears topped by climate change and peak oil, invasion by "foreign" power is way down the ranks, somewhere below death by swine flu / terrorist bomb. The megalomaniaphobes need to get a grip. 2009 is a world away from Pearl Harbour. We have something today called the internet, along with skype, email and mobile phones. We are quite literally now, one people. I play bridge regularly - 4 people on 4 different continents. Nobody wants to bomb their friends. On a list of fears topped by climate change and peak oil, invasion by "foreign" power is way down the ranks, somewhere below death by swine flu / terrorist bomb.

]]> By: Lachlan http://www.dailyreckoning.com.au/the-bottom-of-this-societys-ability-to-process-reality/2009/05/20/comment-page-1/#comment-79646 Lachlan Sun, 24 May 2009 22:17:39 +0000 http://www.dailyreckoning.com.au/?p=6035#comment-79646 I mentioned assett deflation in regard to farm land above. However this may only be a short lived phenomena if at all... post consideration of all of the above. Fundamentals for residential property may be looking sad (esp.US). However according to the logic above then the fundamentals for productive farmland assetts are improving immensley. I mentioned assett deflation in regard to farm land above. However this may only be a short lived phenomena if at all... post consideration of all of the above. Fundamentals for residential property may be looking sad (esp.US). However according to the logic above then the fundamentals for productive farmland assetts are improving immensley.

]]> By: Lachlan http://www.dailyreckoning.com.au/the-bottom-of-this-societys-ability-to-process-reality/2009/05/20/comment-page-1/#comment-79323 Lachlan Sat, 23 May 2009 19:42:00 +0000 http://www.dailyreckoning.com.au/?p=6035#comment-79323 Yeah Dan. I suppose there could be a devil in the detail but from afar it seems a good move... albeit a ripple (as per tide/wave analogy). Our lives may get simpler yet. Mind you I already live on a farm. Yeah Dan. I suppose there could be a devil in the detail but from afar it seems a good move... albeit a ripple (as per tide/wave analogy). Our lives may get simpler yet. Mind you I already live on a farm.

]]> By: Dan http://www.dailyreckoning.com.au/the-bottom-of-this-societys-ability-to-process-reality/2009/05/20/comment-page-1/#comment-79091 Dan Fri, 22 May 2009 23:05:43 +0000 http://www.dailyreckoning.com.au/?p=6035#comment-79091 That's very interesting Lachlan. For a minute there I thought of a pile of bovine excrement, but actually it's a pretty good idea - at least they are real animals, and even if 1 in 10 die of plague, at worst one would break even. That's very interesting Lachlan. For a minute there I thought of a pile of bovine excrement, but actually it's a pretty good idea - at least they are real animals, and even if 1 in 10 die of plague, at worst one would break even.

]]> By: Lachlan http://www.dailyreckoning.com.au/the-bottom-of-this-societys-ability-to-process-reality/2009/05/20/comment-page-1/#comment-79074 Lachlan Fri, 22 May 2009 22:02:12 +0000 http://www.dailyreckoning.com.au/?p=6035#comment-79074 Radio today reports that cautious French investors are moving out of stocks and into stock...as in live heifers. Investors receive 5% on on their bovine investment while the farmer is allowed to keep manure, milk and male calves. Radio today reports that cautious French investors are moving out of stocks and into stock...as in live heifers. Investors receive 5% on on their bovine investment while the farmer is allowed to keep manure, milk and male calves.

]]> By: Pete http://www.dailyreckoning.com.au/the-bottom-of-this-societys-ability-to-process-reality/2009/05/20/comment-page-1/#comment-78890 Pete Thu, 21 May 2009 14:53:10 +0000 http://www.dailyreckoning.com.au/?p=6035#comment-78890 I didn't mind the article. Yes, it is a little bit extreme, but at the moment with so much going on economically it is easy to forget about those 'other' things before a crisis point is reached. So perhaps that is how the Government feels ;) Btw, great comment Dan, very insightful I didn't mind the article. Yes, it is a little bit extreme, but at the moment with so much going on economically it is easy to forget about those 'other' things before a crisis point is reached.

So perhaps that is how the Government feels ;)

Btw, great comment Dan, very insightful

]]> By: Lachlan http://www.dailyreckoning.com.au/the-bottom-of-this-societys-ability-to-process-reality/2009/05/20/comment-page-1/#comment-78882 Lachlan Thu, 21 May 2009 13:08:08 +0000 http://www.dailyreckoning.com.au/?p=6035#comment-78882 I reckon too that on average, people should become more self reliant by growing their own food. Its a good insurance policy under the circumstances. Cash profit from primary production is a rare bird indeed and now assett appreciation is being wiped out as an upside to those retiring from the land. A continuation of the system we do have requires stable economic conditions....which are leaving town. The availability of food might decrease and the cost of it may rise. I reckon too that on average, people should become more self reliant by growing their own food. Its a good insurance policy under the circumstances.
Cash profit from primary production is a rare bird indeed and now assett appreciation is being wiped out as an upside to those retiring from the land. A continuation of the system we do have requires stable economic conditions....which are leaving town. The availability of food might decrease and the cost of it may rise.

]]> By: Biker Pete http://www.dailyreckoning.com.au/the-bottom-of-this-societys-ability-to-process-reality/2009/05/20/comment-page-1/#comment-78864 Biker Pete Thu, 21 May 2009 09:28:08 +0000 http://www.dailyreckoning.com.au/?p=6035#comment-78864 Jeez, Greg... why would the US ever think Japan meant them harm... Pearl Harbor aside, of course. Megalomaniacs? Our happy world has _never_ experienced megalomania before. This would be something entirely new... unprecedented! I think we can safely rule out despots, dictators and totalitarian governments, don't you? ;) Jeez, Greg... why would the US ever think Japan meant them harm... Pearl Harbor aside, of course. Megalomaniacs? Our happy world has _never_ experienced megalomania before. This would be something entirely new... unprecedented! I think we can safely rule out despots, dictators and totalitarian governments, don't you? ;)

]]> By: Greg Atkinson http://www.dailyreckoning.com.au/the-bottom-of-this-societys-ability-to-process-reality/2009/05/20/comment-page-1/#comment-78862 Greg Atkinson Thu, 21 May 2009 09:12:03 +0000 http://www.dailyreckoning.com.au/?p=6035#comment-78862 Biker Pete, Dan..I hear what you are saying. However you might recall it was not that long ago that Americans were in fear of the Japanese taking everything over :) Seriously though, China as it is today has enough internal problems to keep them occupied and I reckon Asia is coming to understand that they need to co-operate or they all will be in serious trouble. Anyway you do not need to invade anymore to get your hands on resources. You go to Africa and buy into a regime or buy shares in a struggling Australian mining company. Mind you, we only need a few nutcases in powerful positions and then the whole outlook could change! Biker Pete, Dan..I hear what you are saying.

However you might recall it was not that long ago that Americans were in fear of the Japanese taking everything over :)

Seriously though, China as it is today has enough internal problems to keep them occupied and I reckon Asia is coming to understand that they need to co-operate or they all will be in serious trouble.

Anyway you do not need to invade anymore to get your hands on resources. You go to Africa and buy into a regime or buy shares in a struggling Australian mining company.

Mind you, we only need a few nutcases in powerful positions and then the whole outlook could change!

]]>