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Tag Archives: economic collapse
The Last Days Of ‘Normal Life’ In America
The Last Days Of ‘Normal Life’ In America If you have got family and friends that you would like to visit before things start getting really crazy, you should do so within the next couple of months, because these are the last days of “normal life” in America. The website where I have posted this […]
It Starts: Greeks Rebel Against Bailout, Risk Collapse
It Starts: Greeks Rebel Against Bailout, Risk Collapse Greece’s union of civil servants, Adedly, called for a 24-hour strike on Wednesday, and for a series of demonstrations, the first one tonight at Syntagma Square, just below the Parliament, and another one on Wednesday evening, when Parliament is expected to vote on the new, even tougher, […]
Cashtration
Cashtration Recently, we’ve witnessed the bank holiday in Greece, the limitation as to how much the Greek people can withdraw from their accounts each day. Not surprisingly, the mainstream press have focused on images such as the one above – a queue at an ATM – and discussed the difficulty of the Greek people in trying […]
Who Will Be the Last to Crash?
Who Will Be the Last to Crash? This is the question that astute investors are forced to ask themselves these days. No reasonable person believes that a system of ever-expanding debt can resolve painlessly. It simply cannot happen… not, at least, until 2+2 stops equaling four. But the international money system, while deeply interconnected, can […]
Spain in Transition?: Answers from the grassroots facing a collapsing country
Spain in Transition?: Answers from the grassroots facing a collapsing country Introduction Some months ago, I had a conversation with a friend which seemed meaningful to me as an anthropologist. My friend –an old-school activist with a lot of experience in social struggle- said: “Curiously, during these years of crisis I sometimes feel it’s the […]
The Greek Bank Holiday: This is What an Economic Collapse Looks Like
The Greek Bank Holiday: This is What an Economic Collapse Looks Like A “bank holiday” sounds like such an innocuous thing, doesn’t it? Playful, a well-deserved rest, maybe even fun. If you’d like to learn more about the fun of such a holiday, look no further than the streets of Greece, where people have been […]
The U.S. And EU Will Collapse Regardless Of Economic ‘Contagion’
The U.S. And EU Will Collapse Regardless Of Economic ‘Contagion’ In order to understand what is really going on around the globe in terms of the collapsing economy, we must set aside false mainstream versions of reality. When it comes to the EU and its current fiscal turmoil, it is very important to, in some […]
We Might As Well Face It – America Is Addicted To Debt
We Might As Well Face It – America Is Addicted To Debt Corporations, individuals and the federal government continue to rack up debt at a rate that is far faster than the overall rate of economic growth. We are literally drowning in red ink from sea to shining sea, and yet we just can’t help […]
2 Things That Are Happening Right Now That Have Never Happened Outside Of A Recession
2 Things That Are Happening Right Now That Have Never Happened Outside Of A Recession If we are not heading into a recession, why does our economy continue to act as if that is precisely what is happening? As you will see below, we learned this week that factory orders have declined year over year for […]
A Recession Within A Recession
A Recession Within A Recession On Friday, the federal government announced that the U.S. economy contracted at a 0.7 percent annual rate during the first quarter of 2015. This unexpected shrinking of the economy is being primarily blamed on “harsh” weather during the first three months of this year and on the strengthening of the […]
The Coming Crash of All Crashes – but in Debt
The Coming Crash of All Crashes – but in Debt Why are governments rushing to eliminate cash? During previous recoveries following the recessionary declines from the peaks in the Economic Confidence Model, the central banks were able to build up their credibility and ammunition so to speak by raising interest rates during the recovery. This time, […]
US Economy Collapses Again
US Economy Collapses Again 4th Time in 4 years Data released last week by the U.S. government showed the U.S. economy came to a near halt in the first three months of 2015, falling to nearly zero – i.e. a mere 0.2 percent annual growth rate for the January-March quarter. The collapse was the fourth […]
There Will Be No 25-Year Depression
There Will Be No 25-Year Depression Good and Bad News Today, we have bad news and good news. The good news is that there will be no 25-year recession. Nor will there be a depression that will last the rest of our lifetimes. The bad news: It will be much worse than that. On Monday, […]
The Whisper of the Shutoff Valve
The Whisper of the Shutoff Valve Last week’s post on the impending decline and fall of the internet fielded a great many responses. That was no surprise, to be sure; nor was I startled in the least to find that many of them rejected the thesis of the post with some heat. Contemporary pop culture’s […]
