I think this is the beginnings of an economy based on perpetual growth and fossil fuel energy running headlong into geological energy constraints. Basically I see an undulatory downward path for the rest of my life. From here out, I think any rallies in our economic condition are going to be met with spiking commodity prices that knock us right back down.
Posted: Wed Oct 08, 2008 12:30 pm Post subject: Re: Hong Kong riots over stock losses
seahorse2 wrote:
Looks like the fun is just beginning? Asian flu?
Quote:
Riots in Hong Kong after heavy stock losses
Wed, 8 Oct 2008 13:34:
There have been riots on the streets of Hong Kong following heavy losses at the city's Hang Seng index.
The Hang Seng closed over 8% lower with losses in banks, communications companies and exploration companies.
Customers are trying to get their money out of bank branches and many are protesting about losses related to the collapse of Lehman Brothers.
Earlier, trading on the stock exchange in Jakarta was halted because today's falls were so severe.
Posted: Wed Oct 08, 2008 1:53 pm Post subject: Re: Hong Kong riots over stock losses
+1 cant find anything else... Probably media blackout in china _________________ Tired of high gas prices? Then stop driving to work, duh..... Learn to Work from home
Posted: Wed Oct 08, 2008 2:08 pm Post subject: Re: Hong Kong riots over stock losses
ReverseEngineer wrote:
Why people here are not rioting yet is astounding
Fear. That's all it is.
Currently, people are more afraid of the government than they are afraid of starving. As long as they can still consume 4000 calories per day, there will be no riots. _________________ The whole of human history is a refutation by experiment of the concept of "moral world order". - Friedrich Nietzsche
Joined: Dec 02, 2005 Posts: 6684 Location: Oil-addicted Southern Californucopia
Posted: Wed Oct 08, 2008 11:15 pm Post subject: Re: Hong Kong riots over stock losses
Dreamtwister wrote:
ReverseEngineer wrote:
Why people here are not rioting yet is astounding
Fear. That's all it is.
Or a lack of fear.
Then again, perhaps we just feel that running around screaming and breaking things will serve no good purpose. Ever think of that? _________________ "Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
Posted: Wed Oct 08, 2008 11:27 pm Post subject: Re: Hong Kong riots over stock losses
americans aren't rioting yet because they just don't understand. probably less than 1% of the population considers any kind of collapse to be a real possibility. stock market losses? bailout? eh, that's just stuff on the t.v... the stock market has burst before (tech bubble), but that never affected me anyway.
and so what if i'm unemployed at the moment? food is still plenty and everything seems fine in the media... we might have to cut back a little, but this is just a downturn...
---
it's just ignorance, plain and simple. or rather, the paradigm of postwar prosperity is their reality - to suggest bank holidays, a fast collapse, etc., is simply beyond the realm of experience.
Joined: Dec 02, 2005 Posts: 6684 Location: Oil-addicted Southern Californucopia
Posted: Thu Oct 09, 2008 6:34 am Post subject: Re: Hong Kong riots over stock losses
MD wrote:
Zardoz wrote:
Dreamtwister wrote:
ReverseEngineer wrote:
Why people here are not rioting yet is astounding
Fear. That's all it is.
Or a lack of fear.
Then again, perhaps we just feel that running around screaming and breaking things will serve no good purpose. Ever think of that?
Yes and immediately dismissed. You must acknowledge mob psychology and history.
I will if you will. We riot over labor union and race issues. How much of a history of "economic rioting" do we have?
Unless you count gathering in front of a bank and pounding on the door "rioting", I sure can't think of much. Convince me. Please cite a long list of rioting that Americans have done over economic issues.
I really want to see a list of non-union, white-folk riots. Please provide. _________________ "Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
Posted: Thu Oct 09, 2008 10:33 am Post subject: Re: Hong Kong riots over stock losses
Zardoz wrote:
Dreamtwister wrote:
ReverseEngineer wrote:
Why people here are not rioting yet is astounding
Fear. That's all it is.
Or a lack of fear.
Then again, perhaps we just feel that running around screaming and breaking things will serve no good purpose. Ever think of that?
No, it never entered my mind for even a second. Rest assured, the second Joe Sixpack percieves a threat to his food supply, there will be blood, but not before. _________________ The whole of human history is a refutation by experiment of the concept of "moral world order". - Friedrich Nietzsche
Posted: Thu Oct 09, 2008 11:01 am Post subject: Re: Hong Kong riots over stock losses
Quote:
Convince me. Please cite a long list of rioting that Americans have done over economic issues.
I really want to see a list of non-union, white-folk riots. Please provide.
You ask for a "long" list of rioting that Americans have done, and by excluding "non-union" rioters and insisting that they be "white-folk rioters," thus define an "American riot" as a riot by self employed white Republicans. I disagree with the premise of your assertion, that an "American riot" only includes white, non-union, republicans. Although, I'm sure many on the business channel share your sentiments. Thus, with such opposing views on who qualifies as an American, its an impossible tasks to provide you with a "long list" of such riots, although I can name you two off the top of my head, namely, the American Revolution and American Civil war. Both certainly meet your definition of American riots by non-union white guys.
Joined: Sep 16, 2007 Posts: 1431 Location: Oklahoma City, USA
Posted: Thu Oct 09, 2008 12:17 pm Post subject: Re: Hong Kong riots over stock losses
From Wikipedia:
Quote:
The worst riots in United States history with respect to lives lost took place during the Civil War when immigrant factory workers forcibly resisted the federal government's military draft, the New York Draft Riots. These riots were graphically and inaccurately depicted in the movie Gangs of New York.
Since the 1950s the US has seen a series of race riots in the context of the civil rights movement and urban decay. The 1967 Newark riots became, per capita, one of deadliest civil disturbances of the 1960s. The long and short term causes of the riots are explored in depth in the documentary film Revolution '67. The assassination of civil rights leader Martin Luther King, Jr. triggered riots across numerous American cities. The 1992 Los Angeles riots, triggered by the Rodney King Trial were regarded as the worst in recent U.S. history with deaths estimated at 54 people and nearly a billion dollars in damage caused.
The 1968 Democratic National Convention, however, saw the most well-remembered riots in recent US history and were a strong influence towards the eventual American withdrawal from Vietnam at the end of the Vietnam War. The 2000 Democratic National Convention protest activity made headlines, including the Lakers riot. In the last decade the US has also seen a number of anti-globalization, most notable the Seattle protests of the WTO Ministerial Conference of 1999, also known as the "Battle of Seattle", and the 2005 Toledo Riot in Toledo, Ohio.
Posted: Thu Oct 09, 2008 12:19 pm Post subject: Re: Hong Kong riots over stock losses
Seahorse -- You caught my eye with the past revolutionary events. Excluding those committed doomers out there, I wonder if Americans can truly imagine such events ever occurring again. I'm not sure I can but I've lived in Texas for almost 30 years and can verify a strong residual element here capable of organized violence should a significant mass develop. Much of society, especially in the E/W coast areas, has lost that instinct to some degree. There are clear reasons why much of current voluntary military comes from the south and, to a lesser degree, western states. We have been (and it continues) to be raised with emotional acceptance of violence as a tool to achieve "self evident" justice.
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Then stop driving to work, duh..... 
