Rokjok777

Bits of Destruction: Blame the Internet

Excellent article that echoes thoughts I've had for several years. I recall living in the Bay area in 1998 and looking at the Oakland Tribune. There was a listing for all of the ships arriving and leaving the Port of Oakland. Arriving from Thailand: ship full of 1" cold rolled steel pipe. Departing for Thailand: ship full of 1" cold rolled steel pipe.
The internet allows the guy who has the pipe in Thailand to find the guy who needs the pipe in Thailand. It's as simple as that. Think of all the economic activity that doesn't happen because those two guys can find each other.
With the relatively friction-free flow of information, the world's standard of living will even out...and not to the benefit of the "first" world"!
We had better "reboot" urgently and quickly. Start with the $700 billion in annual military adventures...
We moved to Australia in 2005 after Bush was re-elected....I could see disaster looming. Sold my California house at the tippy top! My wife says it was luck but I've repeatedly told her otherwise.
I think we'll find the bottom sometime in 2009 (25% lower?) and then stay there for five or so years. Long enough for the new order to fully emerge. Social unrest in the meantime....?