Reply to: Doom above all the Doom - Uberdoom - USA to collapse

[BrilloPad]

What they do with the other two is going to be the fun part of next week.

WHS

But - IMO - they should be allowed to go to the wall. Why do we now have socialism for the rich and capitalism for the poor?

[HairyArsedBloke]

This post is steadily becoming reality now....

http://news.bbc.co.uk/1/hi/business/7503109.stm

IndyMac going belly up had been on the cards for ages. Stock price has been on a constant slide since the begining of the year. It's still gonna hurt though.

What they do with the other two is going to be the fun part of next week.

On the UK front, this should be fun too. BBC: Sharp rise in UK profit warnings

[Bright Spark]

This post is steadily becoming reality now....

http://news.bbc.co.uk/1/hi/business/7503109.stm

Key US mortgage lender collapses

One of the largest US mortgage lenders, the California-based
IndyMac Bank, has collapsed amid a growing credit crisis

[Churchill]

Interesting that the peak of Welsh coal production was in 1913...

http://www.agor.org.uk/cwm/timeline.asp

Welsh steam coal being superior to the English variety for fuelling ships...

And being rapidly replaced by oil fuel because it's much easier to transfer oil at sea.

Ask Churchill...

[TimberWolf]

Almost as cunning as destroying the coal-mining industry when there are hundreds of years worth of coal under this land, and emission-scrubbing technologies have come on so much in the last twenty years

Brassed Off? We will be...

I've heard this said before, but how was the coal-mining industry destroyed? I've heard vague references to flooding mines or cementing them up, neither of which make much sense. For example water was being pumped from coal mines since before the industrial revolution - James Watt patented the steam engine and it's main use was for pumping water out of coal mines...and the coal was used to power the steam engine Incidentally tales of doom regarding our coal reserves (which industrialised the world) running out (once as large as the amount of oil in Saudi Arabia) were being made at least as long ago as 1865 :

"Jevons made the bold prediction that the end of British ‘progress’ would come within 100 years of 1865. Jevons was right. British coal production peaked in 1910, and by 1965 Britain was no longer a world superpower".

I’ve marked on the graph the year 1769, in which James Watt patented his steam engine. While the first practical steam engine was invented in 1698, Watt’s more efficient steam engine really got the Industrial Revolution going. One of its main applications was the pumping of water out of coal mines. The middle graph shows what happened to British coal production from 1769 onwards, and to world coal production one hundred years later as the Revolution spread. In 1800, coal was used to make iron, to make ships, to heat buildings, to power locomotives and other machinery, and of course to power the pumps that enabled still more coal to be scraped up from inside the hills of England and Wales. England was terribly well endowed with coal. When the Revolution started, the amount of carbon sitting in coal under England was roughly the same as the amount sitting in oil under Saudi Arabia. In the thirty years from 1769 to 1800, Britain’s annual coal production doubled. After another thirty years (1830), it had doubled again, and the rate of growth itself increased: the next doubling happened within twenty years (1850), and another doubling within twenty years of that (1870). This coal allowed Britain to turn the globe red. The prosperity that came to England and Wales was reflected in a century of unprecedented population growth, as the third graph in figure 6 shows. Eventually other countries got in on the act too. British coal production peaked in 1910, but meanwhile world coal production continued to double every twenty year.

There are new ways of extracting energy from our harder to get at coal reserves, but I think in industrialising the world, the easy stuff was pretty much dug up by 1965.

[NickFitz]

Remember the "Dash for Gas"?

Burning gas in electricity generating stations now seems a remarkably good idea, doesn't it?

Almost as cunning as destroying the coal-mining industry when there are hundreds of years worth of coal under this land, and emission-scrubbing technologies have come on so much in the last twenty years

Brassed Off? We will be...

[Ruprect]

Even more worryingly, this

Fcck a duck: http://www.conservapedia.com/Atheism

Logic? Why bother with logic?! Gotta love the god squad - always willing to draw a tenuous conclusion from the scantest of evidence...

[BrilloPad]

Oh, well, there's always plan Be yanked around by the whims of the global economists and live in the hope that we can import energy from kindly countries if needs be. Doomed.

But we can always import gas from Russia! And it has always been a stable level-headed country.

If the bean-counters and politicians say so then who are we to argue?

[TimberWolf]

To do that we have actually have to value engineers instead of treating them like dirt. I can't see that happening.

Oh, well, there's always plan Be yanked around by the whims of the global economists and live in the hope that we can import energy from kindly countries if needs be. Doomed.

[BrilloPad]

Build more nukes and the Severn barrage and we need never be poor!

To do that we have actually have to value engineers instead of treating them like dirt. I can't see that happening.

[TimberWolf]

If you've got energy things can only get so bad, or not too bad at all. With abundant energy you can get about, create stuff (matter isn't in short supply) and manufacture food. Everything you need except space. We should tear up economics books and replace them with this basic fact. We are getting richer because we are using more energy not because of some half-baked understanding of the pseudo scientiology called economics, it's just a matter of physics. Economics is a 2nd order effect related to the utilisation and sharing of energy wealth, not the primary reason behind wealth. Build more nukes and the Severn barrage and we need never be poor! Absolutely poor that is, bad economics could still make you relatively poor and the undeserving guy next door filthy rich.

[BrilloPad]

Problem is, it really does not look all that far fetched.

to me it does! I can remember the late seventies...

[xoggoth]

Problem is, it really does not look all that far fetched.

[BrilloPad]

UK will follow in the US footsteps...
UK possess the same corrupt and criminal governement as in the US. Admiteedly, Brown is less responsible than the war criminal Tony Blair and his New Lie cronies.
The UK economy is also on the brink of collapse.
B&B could not gather 400million £ , RBS and Braclays shares are crashing

We are still better off than we were in 1979

[sappatz]

UK governement

UK will follow in the US footsteps...
UK possess the same corrupt and criminal governement as in the US. Admiteedly, Brown is less responsible than the war criminal Tony Blair and his New Lie cronies.
The UK economy is also on the brink of collapse.
B&B could not gather 400million £ , RBS and Braclays shares are crashing