Is the next bubble bursting?

emordnilap · Post by **emordnilap** » 21 Jan 2016, 10:55

vtsnowedin wrote:
emordnilap wrote:
I've often thought of building small living quarters in a corner of our site and offering it as free accommodation for a single person to come and grow food to share. Could such a thing work if I found the right person?
In the USA a person getting free housing and or illegally low wages for doing the hard physical labor of growing food is call a migrant Mexican worker.

Free housing? That's unusually generous of the US government.

Seriously, there are individual, intelligent people who would love to live with a bare minimum of money - even none at all - just bartering or working for stuff they want. It is faintly ludicrous that this is frowned upon.

Little John · Post by **Little John** » 21 Jan 2016, 10:59

emordnilap wrote:
vtsnowedin wrote:
emordnilap wrote:
I've often thought of building small living quarters in a corner of our site and offering it as free accommodation for a single person to come and grow food to share. Could such a thing work if I found the right person?
In the USA a person getting free housing and or illegally low wages for doing the hard physical labor of growing food is call a migrant Mexican worker.
Free housing? That's unusually generous of the US government.

Seriously, there are individual, intelligent people who would love to live with a bare minimum of money - even none at all - just bartering or working for stuff they want. It is faintly ludicrous that this is frowned upon.

If it was legally and practically possible for me to live on a half dozen acres of land with access to fresh water, then I would certainly choose to live on next to no money at all.

emordnilap · Post by **emordnilap** » 21 Jan 2016, 11:04

adam2 wrote:I have previously forecast the continuation of the long established "boom and bust" cycle, but with each boom being a bit smaller and each bust a bit worse, looks like I may have been correct on that one.

Yes. There have been more/bigger debt crises, getting closer together, as the '80s, '90s and '00s progressed. The Reagan/Clinton/Thatcher/Blair dismantling of depression-era legislation is mostly to blame.

And the last debt crisis is not over - the 'bust', for ordinary people, is permanent, the intervening 'boom' is engineered by and for the benefit of the already shamefully rich. The tools they used to fix the economy worked extremely well, thank you very much; they'll keep them to hand.

If you experienced austerity since 2008-ish, you ain't seen nothing yet.

emordnilap · Post by **emordnilap** » 21 Jan 2016, 11:06

Little John wrote:If it was legally and practically possible for me to live on a half dozen acres of land with access to fresh water, then I would certainly choose to live on next to no money at all.

That's basically what a farmer is or should be.

biffvernon · Post by **biffvernon** » 21 Jan 2016, 13:41

Farmers (or their non-existence) get a mention on Peak Oil
http://peakoil.com/business/the-u-s-is- ... c-meltdown

vtsnowedin · Post by **vtsnowedin** » 21 Jan 2016, 14:42

emordnilap wrote:
vtsnowedin wrote:
emordnilap wrote:
I've often thought of building small living quarters in a corner of our site and offering it as free accommodation for a single person to come and grow food to share. Could such a thing work if I found the right person?
In the USA a person getting free housing and or illegally low wages for doing the hard physical labor of growing food is call a migrant Mexican worker.
Free housing? That's unusually generous of the US government.

Seriously, there are individual, intelligent people who would love to live with a bare minimum of money - even none at all - just bartering or working for stuff they want. It is faintly ludicrous that this is frowned upon.

You misunderstand.
The free housing comes from the land owner not the government. Usually in the form of a house trailer. But for a Mexican mother having a 14x70 trailer with three bedrooms with electricity and running hot and cold water, heat and AC and a school to send her children to on a bus that stops at the door it is a whole world ahead of what she had in Mexico. If hubby has to get up at 4:00 A.M. to go milk 150 cows he'd better get his butt out there.

Post by **kenneal - lagger** » 22 Jan 2016, 05:24

When we go into recession the real problems will arise when we come out again. In that intervening couple of years the oil output will have dropped because of the current lack of investment in replacement production, especially in US fracked oil and in tar sands, and production will have dropped to much nearer demand. When the economic upturn starts the increased demand in oil won't be able to be met by increased production causing oil prices to rocket causing an instant return to recession.

We're on the bumpy rollercoaster down.

PS_RalphW · Post by **PS_RalphW** » 22 Jan 2016, 07:42

Markets have rebounded. Oil sharply up, touching $31.

Looks like the $27 oil was an artefact of the futures month closing out.

biffvernon · Post by **biffvernon** » 22 Jan 2016, 20:29

Paul Mason on the next bubble bursting:
http://blogs.channel4.com/paul-mason-bl ... rends/4336