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["Lynn Wigglesworth" <lynnw1366 AT hotmail.com>]

Wow, Bob...did you read It's Just Time? It's not just economics...it's a 
treatise on all time and space, with a little Buddhism and non-linear 
dimensional time thrown in. I'm not following everything he writes, and I go 
off on little diversions (for example to read up on who Cincinnatus was), 
but it's really interesting. I thought I'd just skim it because I expected 
dry economics. I'm only about a third of the way through, but I'll put it in 
my favorites and pick it up again tomorrow.

Lynn Wigglesworth
----- Original Message ----- 
From: "bob ford" <bobford79 AT yahoo.com>
To: <homestead AT lists.ibiblio.org>
Sent: Sunday, November 09, 2008 6:38 PM
Subject: Re: [Homestead] BDI showing big commodity deflation, I think


> Martin Armstrong (if you are not familiar, he is quite controversial and 
> currewntly in a very tough correctional facility- wiki -link to him 
> below)).  many consider him a great economist and interesting thinker. 
> Others just consider him a felon. So,  Take what you please .he has just 
> released a pdf, "It's Just Time" (I guess wriiten from prison) , it is 
> long --77 pages- it ends like this:
>
>
> "We have a choice. Fix what is broken, or die leaving behind nothing of 
> any significance as the dreams that once filled this land evaporate into 
> oblivion. The impatience of capital will not long suffer the suspence of 
> truth. Civil unrest and even war follow economic declines. The clock is 
> ticking. The Civil War cycle' turned in 2002. The Clash of reason is on 
> the horizon. It cannot be business as usual.
>
>
>
> --------------------------------------------------------------------------
>
>
> --- On Sun, 11/9/08, bob ford <bobford79 AT yahoo.com> wrote:
>
> > From: bob ford <bobford79 AT yahoo.com>
> > Subject: Re: [Homestead] BDI showing big commodity deflation, I think
> > To: "Don Bowen" <don.bowen AT earthlink.net>, homestead AT lists.ibiblio.org
> > Date: Sunday, November 9, 2008, 4:06 PM
> > Backwardation:
> >
> > Backwardation is a futures market term: the situation in
> > which, and the amount by which, the price of a commodity for
> > future delivery is lower than the spot price, or a far
> > future delivery price lower than a nearer future delivery.
> >
> > Don, I think this (the concept above) is what we are
> > looking at with shipping/commodities.  In your other post,
> > you wrote that the country could be headed for cliff's
> > edhe faster than we anticipated.  I am worried that you
> > might be correct...........bobford
> >
> >
> > -------------------------------------------------------------------------
> >
> > --- On Sun, 11/9/08, Don Bowen
> > <don.bowen AT earthlink.net> wrote:
> >
> > > From: Don Bowen <don.bowen AT earthlink.net>
> > > Subject: RE: [Homestead] BDI showing big commodity
> > deflation, I think
> > > To: bobford79 AT yahoo.com
> > > Date: Sunday, November 9, 2008, 3:42 PM
> > > > I fogot about the refineries--you are right.
> > what do
> > > you think this
> > > > means, for most of us.  Do you think things will
> > get
> > > really, really, cheap
> > > > as companies go bust and ships have to offload.
> > With
> > > that followed by
> > > > little supply, thus driving prices back up, even
> > > higher than before?.
> > > > What commoddities/products will it most affect?
> >
> > >
> > > Deflation, inflation, hyperflation, where is it
> > heading?
> > >
> > > There is a chance of hyperflation because of the world
> > is
> > > awash in money
> > > right now but that money is being circulated.  Banks
> > are
> > > holding on to it
> > > rather than lending it out because they do not trust
> > the
> > > borrowers.  Borrows
> > > are in trouble with excess inventory so they may drop
> > > prices to clear the
> > > inventory.  Flip a coin, the next few months may very
> > well
> > > be much more
> > > interesting than the last.
> > >
> > > Much of the recent commodity price declines are from
> > > several sources.  The
> > > rise of the US dollar is but one and that seems to
> > have at
> > > least paused.
> > > World wide demand for production materials such as
> > copper
> > > is declining
> > > reducing prices to clear inventory.  The speculative
> > bubble
> > > has deflated
> > > requiring holders to sell.
> > >
> > > Oil prices have become an important part of some greed
> > > based economies and
> > > as such there are attempts to reduce production to
> > drive up
> > > prices.  Russia
> > > has not has the anticipated success when they dropped
> > > export duties on oil.
> > >
> > > I remember a conversation this last January where I
> > said
> > > that things may
> > > muddle through unless the layoffs start.  Well they
> > have
> > > started, the U6
> > > measure is now 11.8, one year ago it was 7.9.  I also
> > > remember saying that
> > > if we were still talking about the falling economy
> > this
> > > coming January, hold
> > > on to your hat, the ride was going to get nasty.
> > >
> > > In many ways I feel sorry for Mr. Obama.  He has a
> > tough
> > > job ahead and he
> > > may not be able to pull it off due circumstances way
> > beyond
> > > his or anyone
> > > else's control.
> > >
> > > Don Bowen  KI6DIU
> > >
> > http://www.braingarage.com/Dons/Travels/journal/Journal.html
> >
> >
> >
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>
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