Conceived above a saloon, delivered into this world by a masked man identified by his heavily sedated mother as Captain Video, raised by a kindly West Virginian woman, a mild-mannered former reporter with modest delusions of grandeur and no tolerance of idiots and the intellectually dishonest.


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Saturday, March 08, 2008

The fat lady sings in late September

(From the cheerfully entitled, "International experts forsee collapse of U.S. Economy.")

The most frightening forecast so far comes from the Global Europe Anticipation Bulletin (GEAB), available for 200 euros- about $300- for 16 issues annually. Its prediction is quite specific.

The end of the third quarter of 2008... will be marked by a new tipping point in the unfolding of the global systemic crisis.

At that time indeed, the cumulated impact of the various sequences of the [mortgage/credit] crisis will reach its maximum strength and affect decisively the very heart of the systems concerned, on the front line of which (is) the United States, epicentre of the current crisis.

In the United States, this new tipping point will translate into a collapse of the real economy, (the) final socio-economic stage of the serial bursting of the housing and financial bubbles and of the pursuance of the U.S. dollar fall. The collapse of U.S. real economy means the virtual freeze of the American economic machinery: private and public bankruptcies in large numbers, companies and public services closing down.

The report goes on to say that we are entering a period for which there is no historic precedent. Any comparisons with previous situations in our modern economy are invalid.

We are not experiencing a "remake" of the 1929 crisis nor a repetition of the 1970s oil crises or 1987 stock market crisis.

What we will have, instead, is truly a global momentous threat- a true turning point affecting the entire planet and questioning the very foundations of the international system upon which the world was organized in the last decades.

The report emphasizes that it is, first and foremost, in the United States where this historic happening is taking an unprecedented shape (the authors call it "Very Great U.S. Depression").

It continues to predict that, although this crucial event is global, it will be the beginning of an economic "decoupling" between the U.S. and the rest of the world. However, non "decoupled" economies will be dragged down the U.S. negative spiral.

Concerning stock markets, the GEAB anticipates that international stocks would plummet by 40 to 80 per cent depending where in the world they are located, all affected in the course of the year 2008 by the collapse of the real economy in the U.S. by the end of summer.

The European authors of this report- it appears simultaneously in French, German and English- state that they simply and without prejudice try to describe in advance the consequences of the ominous trends at play in this 21st-century world, and to share these with their readers, so that they can take the proper means to protect themselves from the most negative effects.

So there you have it. Three reports from three different sources, all well regarded, and all pointing to a disastrous fall-out from our monetary moves.

Full story here.

Have a nice day.

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Friday, March 07, 2008

The front fell off

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Thursday, March 06, 2008

Why our society is doomed, #462

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Wednesday, March 05, 2008

Bumper sticker of the day

Thank God Only One Of Them Can Win!

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Tuesday, March 04, 2008

An honest political assessment

Jon Stewart: "This election is about judgment. Tomorrow is perhaps one of the most important days of your life, and yet, you have chosen to spend the night before talking to me. Senator, as a host, I'm delighted. As a citizen, frightened. Your response?"

Sen. Clinton: "It is pretty pathetic."

The Daily Show with Jon Stewart.

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Face toward the front of the car, swine...

Reader Rafal M. Sulejman says the sign reads:

Lift
Lift capacity: 750kg or 10 persons
Use only when the Fuehrer is on board.

"Actually 'der (Aufzugs) fuehrer' = liftboy," Rafal notes, "but even the native German speakers in our office found it funny..."

One also assumes "liftboy" means the elevator operator.

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What, no calculators?

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Monday, March 03, 2008

Happy birthday, Scotty

James Doohan
(March 3, 1920 - July 20, 2005)


"From one old engineer to another: thanks, mate."

Neil Armstrong congratulates James Doohan during the actor's final appearance at a Star Trek convention in August, 2004. Armstrong, the keynote speaker at a banquet in Doohan's honor, was an engineer prior to his NASA career. Doohan died on July 20, 2005, the 36th anniversary of the Apollo 11 moon landing and Armstrong's first walk on the moon.
(Photo from Soul of Star Trek)

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Headline of the day

(The Washington Post)

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Sunday, March 02, 2008

Of course, the asteroid could hit first...

By 2040, the Sahara will be moving into Europe, and Berlin will be as hot as Baghdad. Atlanta will end up a kudzu jungle. Phoenix will become uninhabitable, as will parts of Beijing (desert), Miami (rising seas) and London (floods). Food shortages will drive millions of people north, raising political tensions... With hardship and mass migrations will come epidemics, which are likely to kill millions. By 2100... the Earth's population will be culled from today's 6.6 billion to as few as 500 million, with most of the survivors living in the far latitudes- Canada, Iceland, Scandinavia, the Arctic Basin.

You can read the rest of it here.

Me? I'm going back to bed.

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Copyright © 1987-2017 by Kevin G. Barkes
All rights reserved.
Violators will be prosecuted.
So there.  
The kgb@kgb.com e-mail address is now something other than kgb@kgb.com saga.
kgbreport.com used to be kgb.com until December, 2007 when the domain name broker Trout Zimmer made an offer I couldn't refuse. Giving up kgb.com and adopting kgbreport.com created a significant problem, however. I had acquired the kgb.com domain name in 1993, and had since that time used kgb@kgb.com as my sole e-mail address. How to let people know that kgb@kgb.com was no longer kgb@kgb.com but rather kgbarkes@gmail.com which is longer than kgb@kgb.com and more letters to type than kgb@kgb.com and somehow less aesthetically pleasing than kgb@kgb.com but actually just as functional as kgb@kgb.com? I sent e-mails from the kgb@kgb.com address to just about everybody I knew who had used kgb@kgb.com in the past decade and a half but noticed that some people just didn't seem to get the word about the kgb@kgb.com change. So it occurred to me that if I were generate some literate, valid text in which kgb@kgb.com was repeated numerous times and posted it on a bunch of different pages- say, a blog indexed by Google- that someone looking for kgb@kgb.com would notice this paragraph repeated in hundreds of locations, would read it, and figure out that kgb@kgb.com no longer is the kgb@kgb.com they thought it was. That's the theory, anyway. kgb@kgb.com. Ok, I'm done. Move along. Nothing to see here...

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Laugh while you can, monkey-boy


I am a professional. Do not try this at home.


I canna change the laws of physics


As a matter of fact, I *am* the boss of you.
(as a matter of fact, i AM the boss of you.)


Truly great madness cannot be achieved without signficant intelligence


I award you no points, and may God have mercy on your soul.


Left wing liberal nut job


Flies spread disease. Keep yours zipped.


Eff the ineffable, scrute the inscrutable.


If my answers frighten you then you should cease asking scary questions.


If evolution is just a theory, why am I surrounded by monkeys?


Nutrition makes me puke


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