Yes, this is gaining momentum. Combine the trend in China with the change of Japanese players, and their nationalist focus and the outcomes are clear.

Where do those of us sitting in cash go now?

Is the Schiff gradually starting to hit the fan?

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Where do those of us sitting in cash go now?

I am wondering the same thing as well.

Not to repeat what I said in another thread.. but I applaud China. They need/want something done, they come up with a plan, and execute it. Period. Here, we have so many ****ing greenies/dip****s/regulation in the way, that we can't get anything done.

Energy independence is long term bullish for China, no question about that. Instead of us doing things to help this country in the long term to keep us competitive/etc, we're too busy arguing over stupid **** and blowing money on toys/junk. Some times I really think I ought to learn Mandarin..

Genesis wrote..

It is also a fact that nuclear fission can be entirely fuel-cycle neutral, as we proved the technical ability to run breeder reactors in the 1960s. This goal is not beyond technical feasibility given today's technology - rather, this is about political BS.

Half a century of missed progress that we can never get back.

PWNed.

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Not to repeat what I said in another thread.. but I applaud China. They need/want something done, they come up with a plan, and execute it. Period. Here, we have so many ****ing greenies/dip****s/regulation in the way, that we can't get anything done.

Energy independence is long term bullish for China, no question about that. Instead of us doing things to help this country in the long term to keep us competitive/etc, we're too busy arguing over stupid **** and blowing money on toys/junk. Some times I really think I ought to learn Mandarin..

If you think its just greenies that are keeping us from being energy independent I have a bridge to sell you. Let me make something clear. If the government wants to do something, they are going to do it and there isn't anything ANY greenie can do about it. In fact with a stroke of a pen Obama opened up 17 million forest acres in Alaska. http://www.huffingtonpost.com/2009/07/16.... The environmentalists are crying about it and you know what Obama says?

Now as far as your arguments on making us competitive what do you suggest we do?

What would be wrong with realizing that you can't send every kid to school these days to become a doctor, lawyer, banker, insurance agent, salesman. I myself think the big problem with this country is we don't produce enough wealth but rather just exchange and lever up our wealth within a service economy. Much like a Ponzi it all caves in eventually.

At least China will be using less oil, so that leaves more oil for the USA to squander. ;-)

You're right Tj, I misspoke.. It's certainly NOT all the greenies, but really just a ****ed up self-serving government, that doesn't really give a **** about the future. Now, don't get me wrong.. China's government is also self-serving, but what they want to do is become the world's superpower, which happens to greatly benefit the people in the long run. Our problem is hubris and pride, that we'll always remain the superpower, despite how bad we **** things up..

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Now as far as your arguments on making us competitive what do you suggest we do?

This is such a difficult question to answer, because it's not something that can easily be "done." Everyone is merely looking out for themselves, and the "bezzle" in government and our system has reached a point where we can't do what needs to be done, and what's "best for America." Let's face it.. we've become "welfare nation" where people feel "entitled" to all kinds of ****, for no logical reason. We've bred stupidity, and there's no easy fix for that. Given the financial hole we've dug this nation, the only way to make us competitive is for people to have a large realization that we can't continue the path of borrowing against the future, that nothing is owed to anyone, and that it's going to take a lot of pain and hard work.

Moreso than what is going on terrestrially, the Chinese look to be getting the jump on us in capitalizing on what will possibly be the default energy source in the future.

http://www.dailygalaxy.com/my_weblog/200....


Russia, too:

http://english.pravda.ru/science/tech/17....


Some background:
http://www.technologyreview.com/Energy/1....

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Half a century of missed progress that we can never get back.

Just one of many missed opportunities. The guy that invented the LCD at RCA back in the 1950s knew all about the recent invention of the Integrated Circuit. He immediately realized that the IC and LCD could be combined to eventually make massive and dirt cheap flat panel television displays. This was FIFTY YEARS AGO.

He was a big shot at RCA's research labs. He pushed and pushed for RCA to work on that. Guess what? They shot him down. They were making plenty of money with those "high tech" nineteenth century CRT tubes.

Lost opportunities, over and over and over, that is the story of America post 1945.

Ever watch Kubrick's "2001" and marveled at all of the far out crazy space exploration, etc? All of that space technology, nuclear powered rockets, etc, was developed by the time Kubrick made that movie. All Kubrick did was ASS-U-ME that existing technology and industries would continue to develop in a linear fashion. It was all shot down. The only science fiction in that movie was H.A.L. and the aliens.

The US steel industry stopped investing in meaningful quantities before WWII. Semiconductors, telecommunications, machine tools, etc, etc. It is a similar story in virtually every industry that America used to dominate.

What is left? Nothing but unsustainable debt and bull****. The bull**** in this country is as bad or worse as anything Goebbels or the Soviets put out.

The best powerplant money can buy? It's called conservation and peak-shaving.

Recent report by the FERC showed we could shave 180GW (that's Giga-Watts, or 180,000 MW's) from our peak electricity usage with only modest demand-side management programs and without significantly impact the business-as-usual culture.

That represents 180 "nuke plants". Free (mostly) for the taking...other than that J6P would have to be okay with not running his AC on peak load days between 4 and 6:30 pm.

Personally, I kind of laugh at the study. We're on our way to using that much less no matter what they do. It's called a recession. It's called "I can't afford to run my AC, the industrial plants shut down, the malls are dark, and schools been closed for swine flu"

Go to the EIA website and check out electricity usage 2009 vs. 2008.

There's yer sign.

Gen:

Sometimes I think there are numerous people working for you. How can 1 man so much about so many different things?

Good job as usual chief!

Helium 3 is worthless as an energy sorce untill there are functioning fusion reactors and it will take decades to get a deuterium-tritium powerplant running if it goes well. A technological surprise is allways possible but I would never count on it. Even if it would appear it would need to be extremely simple to be scaled up quickly.

Its much easier to get fission to work and we can have unlimited electricity with Uranium 238 or Thorium breeders. But it would not be unlimited cheap electricity, nuclear power require a stable society with skilled people doing a lot of work. We can have a lot of prosperity from little physical resources but we can not get it withouth exercising the gray matter between the ears.

Chinese officials may smile at Geithner, but what I will remember is Chinese university students ridiculing him. The fact that Chinese university students understand the problem better than most anyone in the US tells me all I need to know about China's future, and ours.

So much **** has hit the fan in the last two years that it burned the motor out long ago. There's almost no danger of splatter now when they throw more **** on it so it's a lot easier now than it was to start with.

I am sure that Obama's Green Jobs Czar Van Jones is working on getting nukes approved right now.

KD posted: "We also believe we can fund profligate spending, including an entitlement culture that our government has embedded and imbued in our citizens, through the same process."

Geez, enough with the doom and gloom already, Karl. You know, I love to entertain. What do you say we have a barbecue party over at my new $750,000 house that I was able to afford with the $8,000 tax credit? It's got a courtyard 'n everything!

BTW - you're all invited to my November wedding. We're REALLY going to put on the dog for that one!!!

/sarcasm

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So much **** has hit the fan in the last two years that it burned the motor out long ago. There's almost no danger of splatter now when they throw more **** on it so it's a lot easier now than it was to start with.

I LOL'd at this.

Wait a second, I should really be in tears at this point.

"Yes, this is gaining momentum. Combine the trend in China with the change of Japanese players, and their nationalist focus and the outcomes are clear.

Where do those of us sitting in cash go now?"

Ummm... chickens, guns, solar and toilet paper?

Corn: Or up in arms.

All anyone on the Hill talks about is how we waste and pollute with our current infrastructure, but no one wants to actually do anything about it.

I've never understood what scares people about reprocessing nuclear waste. Sure it produces weapons grade material. Good. Now the government will actually care what happens to it. It can go in the stockpile with the other 10 thousand weapons we have.

But no. Lets just raise energy prices on the citizenry so the corporate barons make off with more. GENIUS.

curbyourrisk wrote..

How can 1 man (know) so much about so many different things?

I was thinking that, too..

We are currently moving into the high of the 10 year cycle.

1. the 1920's bubble burst at the high of the cycle
2. the Japan bubble burst at the high of the cycle
3. 1970's inflation peaked at the high of the cycle
4. the nasdaq bubble burst at the peak of the cycle

1. the Great Depression bottomed going into the low of the cycle
2. the 1980-82 double recession bottomed going into the low of the cycle
3. the 1973/74 bear market bottomed at the cycle low.
4. the 2000-2002 bear market bottomed going into the cycle low.

Soon we will be heading into the 10 year cycle low. I think all these additional problems behind the curtain will begin to manifest themselves during the down phase of the cycle. Or as they say, the other shoe will drop.

The Great Depression bottomed out in year 3 of the decade. The 1973/74 bear market, in year 4, which is the low of the 10 year cycle. The 74/75 recession extended into the next up phase of the cycle.

Clif Droke has noted that there are multiple cyle lows which converge on 2014.
My guess would be that Obama would pull out all the stops to get re-elected in 2012, after which things would go to hell in a handbasket, into the 10 year cycle low.

In the 1920's the property bubble came before the stock bubble. This time the roles were reversed. In the Depression, the 1929-33 recession was worse that the 1938 recession. This time i think the roles will be reversed, with a 10 year cycle low recession being worse than the recession off the burting of the credit bubble.

Mike Shedlock had a posting "How deficits saved the World", about Krugman. With that mantra, the common wisdom would be that a Great Depression can't happen. When something can't happen, it does.

1.2 trillion in global derivatives.

I don't know what the math is on what that number does to anything, but just looking at that number, my brain says, how do you not get a Great Depression out of that bubble bursting?