So far outside the box you can't even see the box from here.
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Tuesday, October 20, 2015
Round and round we go
They say that the future doesn't repeat itself, but it does rhyme.
It occurred to me recently that Russia might be on a repeat course for what destroyed the USSR. Russia's big problem is that they've been unable to diversify their economy as much as they wanted to. It's still too heavily reliant on oil exports.
Oil prices are depressed at the same time Russia is increasing military spending. That didn't work out well the last time they tried it.
Of course, the US may be doing a pretty good imitation of the Great Depression, so we are not in any position to throw stones.
Things never line up exactly, but business cycles, and politics tend show the same things over and over again. It's the different spins on things that make things interesting.
One thing that people are more concerned about this time around is the total collapse of infrastructure, especially the collapse of the electrical grid. Some of the same people who expect the grid and the Internet to go down are also heavily invested in Bitcoin -an electronic currency. Seems like some sort of disconnect going on there.
Boom and bust cycles have been around at least since the dawn of civilization. That's interesting for historians, but tough for those who have to live history.
I live in an area of NH known as the Great North Woods. I'm in my dome-i-cile out in the county with my lovely wife and a varying number of family and friends
-part red neck, part hippie but all country. Experimenting and enjoying the adventure of life.