Andy1234

A Company Is Too Big to Fail? Make It Smaller

Regulation is what got us into this mess. the government putting rules/regulations/poli...

The root cause of this crisis if leverage....and money injected into the system......this was then loaned out to people who shouldn't have gotten the loans. Its clear that in 1999 under the clinton administration and the fed reserve....that the housing boom began.....it started with a small policy change that blew up. The lending standards are set by fannie and freddie....and these companies were lending to people with 500 credit scores (6 lines of credit...and only making 1 payment on-time).....and then they leveraged up 100 to 1 in some cases 130 to 1 while under the eyes of the government.

And you are asking for more regulation.

The problem is regulation......let banks fail...get rid of all government interventation......an... companies will have to survive on their own.....there won't be lending to people who don't deserve it.

How about we try capitialism for once. And captilism would never have interest rates this low......no way.

We are just setting up which could be a bigger crisis in the future....which perhaps could be a currency crisis......that is if the government dumps new money into the system and forces banks to lend to whomever again.

We are trying to reinflate the bubble.....while they talk out of both sides of their moouths. (raise reserve requirements...while increasing lending)....especially at a time where banks are blowing through their cash with losses.

haha.

Let's Just Say It: Print More Money

money in itself is not wealth. its debt. A fractional reserve system is a debt based system....so going deeper and deeper into debt gets what?

If there isn't an expansion in production.....printin... money just steals value from the existing dollars in the system......so we basically screw every retiree in the process?

The problem is....we already did the whole creating money out of thin air thing....and this is where it got us. Government intervention into the free markets got us here.

The free market is saying......slow down with this money creation thing.....and let's get back to reality. Wages are growing at much slower pace than everything around it.....and in reality....this is not sustainable.

Wealth is created when one increases thier purchasing power.....when one can buy more value than before.....you are just saying that the dollar value may remain flat or go up.....but the value is left out.....if the dollar prices go up....and your purchasing power goes down...whats the point?

The Five Most Important Energy Forecasts of 2008

sorry....corrections for above.

40 quads

80-120 quads

2-3,000 wind turbines installed every week forever

The Five Most Important Energy Forecasts of 2008

My brother is also an engineer putting up tranmission lines....and he says that integrating alternative energy will be very tough because of its intermittant nature....they usually like coal and NG power plants because of its power delivery....consistent and predictable.

The problem with alternatives.....is you might need to factor in a large cushion margin of safety.......and need to invest in storage of the energy. While storing energy is smart regardless of where that energy comes from....conventional sources are much more predictable.

So you can build 2MW worth of coal power plants.....and know 2MW worth of energy will be available so long you have the fuel to burn.

With wind.....given its on/off or partial power....if you require 2MW of power.....you will NEED storage....and you might need to build 20MW worth or more....given the terrian to supply a constant 2MW of power.

Now this is a peer example......and did not use any real life numbers....but I think you get the idea.


So if you take 40 quds worth of energy....and want to displace all new energy growth....and displace some energy coming from conventional sources.....you might need to build a capacity of 80-120 quds worth.....I don't know the exact number.

This could equate to building 2,000-3,000 wind turbines with todays technology every week forever and never hit the power desired.

The Five Most Important Energy Forecasts of 2008

I agree with the hand's comment above.

I am also an engineer.....and people talk like alternative energy is the answer.......I think some of these economists and others need to sit down and start crunching numbers....figuring out how much energy can be provided using these technologies....what kind of baseload power is required....what kind of plants need to be running in case the wind or sun isn't shining or blowing......What are the costs to transfer to these power sources? Are there any material constraints if we massively switched to a certain storage source? etc etc etc.

The scope of such a change is enormous......and we would be moving from an era of extracting energy that is already stored......to an era of harnessing/transmittin... and storing then transmitting and storing again.