Regardless of debt the American public faces, it seems that shopping is the only thing that matters. As debt increases it becomes harder for them to repay. Can the American people ever awaken from their dystopian nightmare of mass consumption of products they don’t need?
Iceland’s government has announced that it will be writing off up to 24,000 euros ($32,600) of every household’s mortgage, fulfilling its election promise, despite overwhelming criticism from international financial institutions.
The measure was introduced by the country’s prime minister, Sigmundur David Gunnlaugsson, the leader of the Progressive Party which won the late-April elections on a promise of household debt relief.
The escalation of military tensions between Washington and Beijing in the East China Sea is superficially over China’s unilateral declaration of an air defense zone. But the real reason for Washington’s ire is the recent Chinese announcement that it is planning to reduce its holdings of the US dollar.
The United States, locked in the kind of twilight disconnect that grips dying empires, is a country entranced by illusions. It spends its emotional and intellectual energy on the trivial and the absurd. It is captivated by the hollow stagecraft of celebrity culture as the walls crumble. This celebrity culture giddily licenses a dark voyeurism into other people’s humiliation, pain, weakness and betrayal. Day after day, one lurid saga after another, whether it is Michael Jackson, Britney Spears [or Miley Cyrus], enthralls the country … despite bank collapses, wars, mounting poverty or the criminality of its financial class.
To say Syria is now a disaster is a massive understatement. This is a sectarian civil war which could continue for a decade if the regime’s enemies, led by the brutal Saudi tyranny, continue to wage their proxy war on the country.
The mostly widely-relied-on body-count, that of the Syrian Observatory for Human Rights (a group which is close to armed rebels, and whose reliability I have questioned in the past), now states that 120,000 Syrians have been killed. The Syrian Observatory claims that the majority of these are combatants. It also says the majority of these combatant dead on have been on the pro-Assad side.
The Greatest Shortcoming of the Human Race is Our Inability to Understand the Exponential Function
A lecture by Dr. Albert Bartlett
