[Quinny]

If a year ago any of us would have suggested that Royal Bank of Scotland was about to crash to around 10p per share in such a short period of time we would have been dismissed as lunatics.

They were (I understand) at one time the 6th biggest bank in the world.

[threadbear]

Exactly. Tin foil hat weirdos were right. BTW, along the same note--Get ready for ufo disclosure. Siriusly.

[BlueGhostNo2]

This is the scariest part of all this, the commentators who agitated against the over leverageness of banks are the same dudes who're saying peak oil will take us back to some kind of hellish medieval times.

Carl Sagan ruled out the UFO thing and frankly I trust him.

[shady28]

This is kind of silly. Lets take a look at the meat of the article :

"sharp fall in inflation hits pound
...
pushed sterling to new record lows against the dollar, euro and yen yesterday. "

Ok, so lets see here.

We have a sharp fall in inflation. It's pretty widely known that, at least in the USA, 'inflation' was negative 0.7% in December.

In other words, we don't have inflation in the USD we have deflation, at least in terms of price.

So what is expected in England?

"Most economists believe that inflation will come close to zero before the end of the summer, and, on the RPI measure, will actually turn negative."

In other words, the value of the Sterling vs goods, services and housing is about to level off and probably go up.

And Jim wants you to 'sell' your Sterling? What was Jim saying when inflation was high?

[Aaron]

This is the scariest part of all this, the commentators who agitated against the over leverageness of banks are the same dudes who're saying peak oil will take us back to some kind of hellish medieval times.

Carl Sagan ruled out the UFO thing and frankly I trust him.

One thing touched upon often is the idea that if other planets do not support life, that if it's just us, then the universe is an `awful waste of space'. Ellie says to Palmer Joss, "You know, there are 400 billion stars out there, just in our galaxy alone. If only one out of a million of those had planets, alright, and if just one out of a million of those had life, and if just one out of a million of those had intelligent life, there would be literally.. millions of civilizations out there."

The Fermi Paradox is the apparent contradiction between the high probability extraterrestrial civilizations' existence and the lack of contact with such civilizations.

Fermi

[davep]

This may interest some people: