Economy

Review: The Five Stages of Collapse by Dmitry Orlov

Right now we’re seeing an end to the growth of just about every essential industrial input that has fueled our civilization. The widespread realization that growth is over spells death for global finance, meaning that the nations of the developed world are poised on the brink of financial collapse. (Orlov points out that one country, Greece, is already well past the brink and is mired in financial, commercial and political collapse all at once.) The author sees each of the Western nations headed for a deflationary spiral followed by “a quick but painful bout of hyperinflation thrown in at the very end.”

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“Asking Union Workers to Fund Their Own Disenfranchisement”

By cutting jobs, wages, pensions and benefits governments in the US, UK and across Europe are deliberately causing the living standards of the poor and middle class to plummet while at the same time, mercilessly removing the social safety net by slashing public services when people need them most. With a diminishing and in many cases negative disposable income, households can barely afford the necessities of life; consumer demand is floundering and this is having a predictable knock-on effect on businesses with the net result being less tax receipts for the treasury. This is not a plan for deficit reduction as we’re being told. This is class war!

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Is Homeland Security Preparing for the Next Wall Street Collapse?

Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed in Forbes, that’s enough to sustain an Iraq-sized war for over twenty years. DHS has also acquired heavily armored tanks, which have been seen roaming the streets. Evidently somebody in government is expecting some serious civil unrest. The question is, why?

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Video of the Day: Interview with Matt Taibbi About JP Morgan and the CNBC “Presstitutes”

It has become abundantly clear in recent years that the mainstream media can not be identified as anything other that a collective of mediocre, corporate/government ass-kissing presstitutes. Different media outlets cater to different special interests, but the end result is all the same. MSNBC for example is essentially a straight up PR outlet for the Democratic Party, while Fox News represents the neo-con arm of the Republican Party and the military-industrial complex generally. CNBC has a special position in the presstitute media hierarchy. They basically defend Wall Street at all costs. The station represents the most important media gatekeeper for the financial oligarch, crony class.

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Swiss to Vote on Guaranteed $2800 Monthly Income for All Adults

Switzerland will hold a vote on whether to introduce a basic income for all adults, in a further sign of growing public activism over pay inequality since the financial crisis.

A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of 2,500 Swiss francs — about $2,800 — per month from the state, with the aim of providing a financial safety net for the population.

Organizers submitted more than the 100,000 signatures needed to call a referendum on Friday and tipped a truckload of 8 million five-cent coins outside the parliament building in Bern, one for each person living in Switzerland.

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The Green Party takes on the banks

Other party conference season: the Green Party of England and Wales made history[1] by joining the United States Green Party[2] in calling for an end to the private creation of money by banks. After a debate on the motion at the Autumn Conference in Brighton, the Green Party has collectively decided to instead place this power with a democratically accountable National Monetary Authority at the Bank of England. This represents a huge change in Green Party policy, as we are now calling for full reserve banking, alongside other radical policies such as a citizen’s income, land value tax and of course the decarbonisation of the entire economy as we move to a post carbon and equitable world.

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Public Banks Are Key to Capitalism

We actually need publicly owned banks for a capitalist market economy to run properly. Banking, money and credit are not market goods but are economic infrastructure, just as roads and bridges are physical infrastructure. By providing inexpensive, accessible financing to the free enterprise sector of the economy, public banks make commerce more vital and stable. Public banking is not a radical idea but has been practiced in the U.S. with excellent results for decades, and around the world for centuries.

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Economic End Times

a deepening global Depression just began. It’ll last years before ending, and cause grave harm to billions worldwide, not responsible for their leaders’ malfeasance, especially those domiciled on Wall Street, complicit with political puppets in Washington they own.

Moreover, the greater pain caused, the more they benefit like their Western counterparts, wrecking their economies for personal gain.

No wonder astute analysts like Grantham expressed lack of confidence in America’s leaders, disgust with a “dysfunctional Congress,” and questioned “capitalism itself,” perhaps self-destructing as he wrote.

For billions of global victims, it can’t happen a moment too soon, if it isn’t already too late to help.

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Still Report 100 – President of Turkey

Here is the text of the speech of the President of Turkey, Abdullah Gül on September 11, 2013 at the International Forum on Financial Systems. He lays out his economic vision for Turkey, the world’s 16th-largest economy.

Amazing. How did this great guy get elected? Obviously the Central Banks let one slip through the cracks. If we in the US had at least one president who could even “understand” the Turkish president we could turn a corner in a good direction

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Collapse by Michael Ruppert

A documentary, directed by Chis Smith, on Michael Ruppert, a police officer turned independent reporter who predicted the current financial crisis in his self-published newsletter, From the Wilderness.

Ruppert, a former Los Angeles police officer who describes himself as an investigative reporter and radical thinker, has authored books on the events of the September 11 attacks and of energy issues. Critics call him a conspiracy theorist and an alarmist but he’s been proved to be truly prophetic.

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“Collapse” Author, Michael Ruppert on Dorner, Peak Oil and more

Michael Ruppert is an investigative journalist and author of two books, Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil and Confronting Collapse: The Crisis of Energy and Money in a Post Peak Oil World. In the 1970s, Ruppert was a narcotics officer for the LAPD. While there, he discovered evidence that the CIA was complicit in the illegal drug trade. He alerted his superiors with this information and soon found himself dismissed even though he had an honorable record. These events spurred Ruppert to begin a new career for himself as an investigative journalist. He was the publisher/editor of the From The Wilderness newsletter which, until its closure in 2006, examined government corruption and complicity in such areas as the CIA’s involvement in the war on drugs, the Pat Tillman scandal, the 2008 economic collapse and issues surrounding Peak Oil.

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