Archive for the ‘3c. Collapse’ Category

Warning for the West as crisis spills onto streets

March 2, 2009

By Douglas Hamilton

.Feb 16, 09

The slump that has swept through developed nations like the UK, the eurozone and the United States is hitting the world’s emerging economies with a speed and ferocity that has shocked even the most pessimistic analysts.

Until recently, many investors and economists thought such countries could provide a bulwark against the collapse in growth elsewhere. Instead, the latest data suggests that emerging economies as a group actually contracted late last year, and will likely shrink further in 2009.

The pace of the turnaround has caught policymakers and investors off guard. In a matter of months, key gauges of growth in trade and industrial production in a number of countries went from acceptable to alarming – even domestic demand is suffering.

http://www.theherald.co.uk

46 Of 50 States Could File Bankruptcy In 2009-2010

February 27, 2009

BOOMERS – YOUR CRISIS HAS ARRIVED

February 21, 2009

BOOMERS – YOUR CRISIS HAS ARRIVED
by James Quinn
February 10, 2009

The generation that won World War II passed the ultimate test and proceeded to produce the next generation, the Baby Boom Generation. Their rendezvous with destiny is underway. Will it be a rendezvous with history that results in World War III, the collapse of the Great American Republic, dictatorship, or a return to the original Constitutional principles upon which this country was founded?

http://www.financialsense.com/editorials/quinn/2009/0210.html

Includes predictions such as

The stimulus package and TARP 6 plan will be implemented. The economy will not improve. By the Fall, Obama and the Democratic led Congress will push through trillions more in spending. The dollar will continue to fall versus gold. As the deficits grow and foreigners buy less and less of our debt, interest rates will rise. Oil will gradually rise as long as no external event causes it to spike. Protectionism will increase, leading to declining world trade. When we have not pulled out of this downturn in 2010, people will realize we are in a Depression and politicians have lied to them again. Social unrest will grow. Riots are likely to break out in poor urban areas. Governments always react to internal strife by seeking an external threat.


Gerald Celente – The Greatest Depression 02-11-09

February 14, 2009

Trends Researcher Gerald Celente on Russia Today discussing the coming economic collapse and the probability of a revolution in the form of a tax revolt.



Who Else Has Been Laid Off?

February 13, 2009

Nouriel Roubini and Nassim Nicholas Taleb

February 12, 2009

Dr Doom and The Black Swan on CNBC Feb. 9, 2009

Big Deficits and a Weaker Dollar

February 9, 2009

by Michael S. Rozeff

Hyperinflation in the U.S. hasn’t happened for quite some time. The last two instances that come to mind are confederate money in the 1860s and the continentals in the 1770s. In both these cases, governments used inflation to finance wars because their tax systems were weak.

A strong tax system (from the government’s perspective) has several aspects. It has a large productive capacity that it can tax without causing production to decline by a great deal. It can enforce tax collections. The required taxes are low compared to the overall government spending.


The U.S. tax system is not weak, but it is weakening. The productive capacity is difficult to evaluate, but it too has probably weakened. The U.S. economy has a large government sector (at least 40 percent) that is relatively inefficient. It also interferes with and distorts the private economy. The federal government has not been able to finance its spending by current taxes in a long time. Instead it has resorted to borrowing (deficit spending) and inflation. The results are a large national debt and a depreciating currency.

U.S. government financing has weakened further in the past year. The government is borrowing very heavily to pay for such actions as the absorption of Fannie Mae and Freddie Mac, bailouts of AIG and large banks, and the rest of the Troubled Assets Relief Program. A short while ago, the government sent out $160 billions of dollars of tax rebates. Meanwhile the Fed has, on its own and with government cooperation, vastly increased credits to the private economy. This has dramatically inflated the monetary base.

Continued on…

http://www.lewrockwell.com/rozeff/rozeff267.html

A Poem for Those who are Losing Their Homes

January 18, 2009

MOVING OUT

There are some homes
you can never leave.
Their grass will always be greener.

You walk on floors
connected
to the center of the earth.

The water from their taps
come from the spring
of your deepest dreams.

The trees have grown beside you,
and you know you would
never cut them down.

Is it my imagination, or are those palms
drooping lower? Edges of shrubs starting
to brown? Is this the way yards mourn?

Some houses you can never leave.
You move the furniture out
but the pieces remain, invisible.

and now your footsteps
patter
across rugless expanses

Butterflies fly in and out,
oblivious.
They don’t live here anyway.

The patio, empty of furniture,
is a striped shadow of minutes
ticking away.

Draw the curtains over unmet dreams:
that book you never got
to write,

the lover who was once
in your bed
who never came back.

The house holds your orgasms
as they echos through empty rooms
looking for you.

Some houses you can never leave.
They come back to taunt you as you
look for a new house,

lovely and pale, but most inferior
with too much dust,
creaking and reeking of the past owners.

They are pale, mere shadows
of the real arches and posts
that drove your life home,

as you bustled in and out
without ever thinking
you would leave.

You almost wish you had burned it down
that time you charred beans
filled it with smoke,

and now you are alarmed
with every ounce of longing
as you close the door behind you.

You do not see but it is breaking,
ready to follow you
with wood and beams clattering in a parade

like cheerleaders urging you to find
new land
and a steady spot.

You swing open the gate
but you too start
to break.

No wonder, the new owners
won’t feel at home.
Because your spirit has never left.

by JGrace