China's boom going bust?

Ender · Post by **Ender** » 2008-08-20 01:15am

Invictus ChiKen · Post by **Invictus ChiKen** » 2008-08-20 01:33am

I keep thinking of all those prophecies both religious and secular that say this is the dawn of a new dark age. It looks like the world wide economy is ready to just go poof!

Ender · Post by **Ender** » 2008-08-20 01:40am

Invictus ChiKen wrote:I keep thinking of all those prophecies both religious and secular that say this is the dawn of a new dark age. It looks like the world wide economy is ready to just go poof!

You really are a fucking idiot.

Invictus ChiKen · Post by **Invictus ChiKen** » 2008-08-20 01:54am

Ender wrote:
Invictus ChiKen wrote:I keep thinking of all those prophecies both religious and secular that say this is the dawn of a new dark age. It looks like the world wide economy is ready to just go poof!
You really are a fucking idiot.

Have you even been paying attention around here lately?

Peak oil? Global warming? Banks going down? Recession? Major economies on the verge of collapse?

If this does go down the way many including people, including people on this very board, think it will we shall have a dark age right up there with anything in any religious prophecy.

Ender · Post by **Ender** » 2008-08-20 02:09am

Invictus ChiKen wrote:
Ender wrote:
Invictus ChiKen wrote:I keep thinking of all those prophecies both religious and secular that say this is the dawn of a new dark age. It looks like the world wide economy is ready to just go poof!
You really are a fucking idiot.
Have you even been paying attention around here lately?

Peak oil? Global warming? Banks going down? Recession? Major economies on the verge of collapse?

If this does go down the way many including people, including people on this very board, think it will we shall have a dark age right up there with anything in any religious prophecy.

We are having these issues for well documented reasons, not because some bronze age witch doctor had a nightmare and wrote it down you worthless fuck.

Invictus ChiKen · Post by **Invictus ChiKen** » 2008-08-20 02:22am

Ender wrote:We are having these issues for well documented reasons, not because some bronze age witch doctor had a nightmare and wrote it down you worthless fuck.

An my good sir I only stated "I keep thinking of..." as in this stuff reminds me of it. NOT ZOMG they where right!. I also mentioned secular prophecies, okay maybe it be better to call them predictions based on the most accurate data available.

Still you asked everyone's thoughts. There are mine this makes me think of many a dire prediction from the secular and spiritual sides.

Saxtonite · Post by **Saxtonite** » 2008-08-20 02:40am

IIRC, isn't this what normally happens. Though now it's due to a possible global depression, increasing food and labor costs, and an oil peak normally don't companies move out of a country when the labor begins to cost more and the like; then moving on to other nations, etc.? This being how many nations manage to begin advancing up. Or am I wrong.

I also remember the book The New Asian Hemisphere, have to finish reading it.
http://www.amazon.com/New-Asian-Hemisph ... 1586484664

One of the things I noticed when reading this was wondering whether the Oil Peak was factored into this, but he did indirectly address it (not sure if intentional) by saying the rise brings more people to make advances and use their mines and that can arguably mean more ideas on how to lessen the effects.

Shinova · Post by **Shinova** » 2008-08-20 02:48am

Ender wrote:We are having these issues for well documented reasons, not because some bronze age witch doctor had a nightmare and wrote it down you worthless fuck.

He did say "secular prophecies" as well, and people decades ago have predicted many of the stuff that's happening now.

Shroom Man 777 · Post by **Shroom Man 777** » 2008-08-20 03:33am

Catastrophe has always loomed over every generation of humanity. We won't be any different.

Post by **Broomstick** » 2008-08-20 07:58am

Saxtonite wrote:IIRC, isn't this what normally happens. Though now it's due to a possible global depression, increasing food and labor costs, and an oil peak normally don't companies move out of a country when the labor begins to cost more and the like; then moving on to other nations, etc.? This being how many nations manage to begin advancing up. Or am I wrong.

That's only been the case in recent decades - through most of history moving companies to other nations was not so easy.

Ender · Post by **Ender** » 2008-08-20 09:26am

Invictus ChiKen wrote:
Ender wrote:We are having these issues for well documented reasons, not because some bronze age witch doctor had a nightmare and wrote it down you worthless fuck.
An my good sir I only stated "I keep thinking of..." as in this stuff reminds me of it. NOT ZOMG they where right!. I also mentioned secular prophecies, okay maybe it be better to call them predictions based on the most accurate data available.

Still you asked everyone's thoughts. There are mine this makes me think of many a dire prediction from the secular and spiritual sides.

You are placing ancient ravings on the same level as documented facts. You are exactly what they are talking about when they say "one dumb son of a bitch."

ArmorPierce · Post by **ArmorPierce** » 2008-08-20 09:42am

did people actually believe that china's boom was going to continue based on low wages forever?

Post by **Coyote** » 2008-08-20 10:17am

I typically go with the assumption that "secular prophesies" means "Nostradomus". The analyze-predict cycle based on experience and knowledge is not quite on the same level as a "prophesy", which typically implies some sort of un-natural or even super-natural angle to the gaining of knowledge.

That said, the prospect of another actual 1930's style Depression-with-a-capitol-D is not too far fetched, I think. As I pointed out in another thread, and as many of us have known for some time, the government is willing to bail out poorly performing companies because they fear the job loss effects in their voting disticts (ie, losing their re-elections). This means crappy companies keep limping along, protected by taxpayer funded bailouts.

As much as I dislike "Libertopian" ideals about the Free Market, I have to admit their brutal manner in which they'd be willing to let the herd be culled does, in fact, have some degree of merit to it.

General Zod · Post by **General Zod** » 2008-08-20 11:11am

Shinova wrote:
Ender wrote:We are having these issues for well documented reasons, not because some bronze age witch doctor had a nightmare and wrote it down you worthless fuck.
He did say "secular prophecies" as well, and people decades ago have predicted many of the stuff that's happening now.

"Secular prophecy" makes about as much sense as "secular creationism". It's completely fucking stupid when they're just relying on available data to make projections based on trends and maths. They're only prophecies for totally retarded idiots who are incapable of making the distinction.