I see an economic diasater coming...

[triffid]

The reason that we are doing it is that international government-sponsored space programs do not have the funds, the mandate for commercialization or the risk models to affordably conduct the mission.  It is now totally appropriate for industry (SEC) to step in to complete the final steps to success and to service these nations and others as customers of SEC products in space. Funding for our program will not come from governments or traditional investment, but a combination of private, mining and energy derived sources.[/font][/size]

[triffid]

With the price of gas predicted to go up to six dollars a gallon here in the USA come the following predictions.
More used cars not selling,fewer oil changes ,less business at auto part stores,more people riding mopeds.More bicycles.

For me.I just stay home more.triffid

[the_big_m_in_ok]

With the price of gas predicted to go up to six dollars a gallon here in the USA come the following predictions.
More used cars not selling,fewer oil changes ,less business at auto part stores,more people riding mopeds.More bicycles.

For me.I just stay home more.triffid

They can't eat a gold coin or bar.  Look:
http://news.yahoo.com/greek-banks-continue-hemorrhage-deposits-ecb-data-104757174.html

http://news.yahoo.com/germans-overwhelmingly-oppose-greek-bailout-poll-141634352.html
(The Greeks did only buy themselves some more time.   Their original problem remains unchanged:  They continue to borrow money and their banks are still experiencing a quiet run on their deposits.) 

This won't go away until someone takes a severe 'haircut' and cuts their losses to get rid of bad loans on banks' books now.   Europe would probably experience another recession as a result, however.

--Lee

[the_big_m_in_ok]

... http://news.yahoo.com/germans-overwhelmingly-oppose-greek-bailout-poll-141634352.html
(The Greeks did only buy themselves some more time.   Their original problem remains unchanged:  They continue to borrow money and their banks are still experiencing a quiet run on their deposits.) 
...

I may not have done them any good.   Moody's or S&P downgraded Greece's rating to "selective default"
Thusly:   http://www.taipeitimes.com/News/biz/archives/2012/02/29/2003526601
Okay, this isn't very good, to say the least.   People can assume the worst and it can happen.   Whether or not the rest of Europe or Asia thinks this is as serious as some may think, remains to be seen.   But default on worthless bonds that cannot be used for collateral is a potential game changer.

...
This won't go away until someone takes a severe 'haircut' and cuts their losses to get rid of bad loans on banks' books now.   Europe would probably experience another recession as a result, however.

This may be 'in the cards', 'down the road', so to speak.   Things and scenarios will need to finalize before further developments continue downhill.

--Lee

[triffid]

I have not known what to post here the last two or three days.According to Ron Paul hotline 1-888-322-1414. Greek style riots are so close to coming to the usa they may be here by summer.The USA Government wants to raise dividend taxes up to 45% from 15% by 2013.So A lot of stuff is going to hit the fan real soon.Better be in a position to duck some of it.triffid