17th February, 2013
If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores?
Posts Tagged ‘economic collapse’
Retail Apocalypse: Why are major retail chains all over America collapsing?
Posted by seumasach on February 18, 2013
Posted in Financial crisis | Tagged: economic collapse, End of empire | Leave a Comment »
The lull before the social storm
Posted by seumasach on November 8, 2012
Jack D.Douglas
7th November, 2012
Vast social revolutions and wars are often preceded by periods of giving up on reforms, despairing withdrawal from public life by the best and brightest, and even peacefulness which seems to have become the normal condition in spite of deep conflicts and growing crises beneath the surfaces of public life. Often, earlier periods of intense conflicts and crises have been overcome and resolved, so it comes to look like that is the normal in life. This lulls most people into assuming their worse fears cannot happen, but this leads them to lowering their guards against growing conflicts and crises, so small ones can more easily cascade down into massive ones. If people expected they could become vast wars or revolutions or implosions, they would take more precautions to prevent that. But when lulled in expecting the worst cannot happen, the worst than they could ever imagine often explodes suddenly.
Posted in Financial crisis | Tagged: economic collapse, End of empire | Leave a Comment »
US economy collapsing
Posted by seumasach on October 28, 2012
Recession Very Possible in Q1 of 2013: Investors And CEOs Are Getting Very Nervous With Cloud Of Uncertainty, The Announcements of Layoffs Are Coming Fast and Furious, And We All Start Feeling The Economy Is Decelerating!
27th October, 2012
Posted in Financial crisis | Tagged: economic collapse, End of empire | Leave a Comment »
Feeding the homeless banned in major cities All over America
Posted by seumasach on March 22, 2012
21st March, 2012
What would you do if you came across someone on the street that had not had anything to eat for several days? Would you give that person some food? Well, the next time you get that impulse you might want to check if it is still legal to feed the homeless where you live. Sadly, feeding the homeless has been banned in major cities all over America. Other cities that have not banned it outright have put so many requirements on those that want to feed the homeless (acquiring expensive permits, taking food preparation courses, etc.) that feeding the homeless has become “out of reach” for most average people. Some cities are doing these things because they are concerned about the “health risks” of the food being distributed by ordinary “do-gooders”. Other cities are passing these laws because they do not want homeless people congregating in city centers where they know that they will be fed. But at a time when poverty and government dependence are soaring to unprecedented levels, is it really a good idea to ban people from helping those that are hurting?
Posted in Financial crisis | Tagged: economic collapse | Leave a Comment »
PHONY DATA: America’s “January Jobs” are Statistical Artifacts
Posted by seumasach on February 7, 2012
Paul Craig Roberts
7th February, 2012
Last Friday the US Bureau of Labor Statistics reported that in the first month of this new year 243,000 jobs were created and the unemployment rate (U.3) fell to 8.3 percent. This good news is a mirage. It is due to faulty seasonal adjustments and to the BLS birth/death model. In a prolonged downturn, seasonal adjustments and the birth/death model produce nonexistent employment.
Posted in Uncategorized | Tagged: economic collapse, End of empire, financial fraud, paul craig roberts, US Bureau of Labor Statistics | Leave a Comment »
The real economic picture
Posted by seumasach on February 4, 2012
Paul Craig Roberts
If you have any money and you want to understand the lies that “your” government tells you with statistics, subscribe to John Williams shadowstats.com.
Posted in Financial crisis | Tagged: economic collapse, End of empire, financial collapse, financial fraud, institue for political economy, john williams shadow stats, paul craig roberts | Leave a Comment »
An Economy Destroyed
Posted by seumasach on July 22, 2011
The Enemy is Washington
Paul Craig Roberts
22nd July, 2011
Recently, the bond rating agencies that gave junk derivatives triple-A ratings threatened to downgrade US Treasury bonds if the White House and Congress did not reach a deficit reduction deal and debt ceiling increase. The downgrade threat is not credible, and neither is the default threat. Both are make-believe crises that are being hyped in order to force cutbacks in Medicare, Medicaid, and Social Security.
Posted in Uncategorized | Tagged: economic collapse, End of empire, Obama agenda | Leave a Comment »
It’s falling fast
Posted by seumasach on June 10, 2011
Posted in Drive to Global War, Financial crisis | Tagged: economic collapse, End of empire | Leave a Comment »
Britain is massively in debt
Posted by seumasach on June 9, 2011
Here you can find the deadly truth about Britain and its coming economic implosion. We are in a deep, dank, black hole and have resolved to bomb our way out. All we need to crown our misery is a further run on the pound.
The scandalous way thrift is still losing out to profligacy
Jeremy Warner
9th June, 2011
The old ones are always the best, so I make no apologies for starting this column with Wilkins Micawber’s famous observation about the importance of living within your means:
“Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.”
The situation with Britain’s current account deficit is lamentably rather more serious than a mere six shilling overspend.
Posted in UK economy | Tagged: bankrupt Britain, economic collapse, End of empire | Leave a Comment »
Mythology & official nonsense
Posted by seumasach on February 15, 2011
Jim Willie
9th February, 2011
With the advent, then the continuation of the Quantitative Easing exercise in hyper-inflation and capital destruction, the US Federal Reserve has perhaps taken its deeply damaged reputation as a central banker and decimated it into shreds. They have lost the respect of the world, more so outside the nation’s borders than inside. The financial sector and politicians seem unable to stop showing deep reverence for the post, even licking the Chairman’s boots whenever he appears before the USCongress. Recent hints of contempt in WashingtonDC are encouraging. He has not made a single correct forecast on major items. The USFed in short has lost control. See the rising bond yields, which torpedo the housing ship, badly listing as a derelict vessel. The USFed seems thoroughly content to rescue the big US banks, whose wretched condition cannot possibly be rectified, even if such a rescue results in global price inflation and revolts. The decision made after recognition that a recent QE chapter has failed is clearly to repeat it. When QE2 is exhausted or deemed a failure, expect QE3 at the doorstep. This behavior exhibits insanity. The February package of Hat Trick Letter reports includes a special report entitled “USFed as Agent of Destruction”that elaborates on the deep damage.
Posted in Financial crisis | Tagged: economic collapse, financial collapse, financial fraud | Leave a Comment »
US becoming a Third World country?
Posted by seumasach on September 6, 2010
As the US/UK faces oblivion it is hardly coincidental that they are trying to reactivate a key “asset” with a view to stirring up further evil: I refer to the inimitable liar and charlatan Tony Blair who is not only still at large but is being presented as a senior statesman. This is the epitomy of desperation.
6th September, 2010
Some of the warning signs that indicate America’s fantastic fall from a First World nation include rising unemployment and poverty.
Posted in Iran | Tagged: economic collapse, End of empire | Leave a Comment »
