In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘economic collapse’

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.

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UK economy: death spiral begins

Posted by seumasach on August 10, 2010


10th August, 2010

House prices fall as economy sees house prices fall

Government austerity measures are already plunging the British economy into reverse according to figures published today which reveal sagging high street sales and renewed falls in house prices.

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50 statistics about the U.S. economy that are almost too crazy to believe

Posted by seumasach on July 5, 2010

Most Americans know that the U.S. economy is in bad shape, but what most Americans don’t know is how truly desperate the financial situation of the United States really is.  The truth is that what we are experiencing is not simply a “downturn” or a “recession”.  What we are witnessing is the beginning of the end for the greatest economic machine that the world has ever seen.  Our greed and our debt are literally eating our economy alive.  Total government, corporate and personal debt has now reached 360 percent of GDP, which is far higher than it ever reached during the Great Depression era.  We have nearly totally dismantled our once colossal manufacturing base, we have shipped millions upon millions of middle class jobs overseas, we have lived far beyond our means for decades and we have created the biggest debt bubble in the history of the world.  A great day of financial reckoning is fast approaching, and the vast majority of Americans are totally oblivious.

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Posted in Financial crisis | Tagged: , | 2 Comments »

Surge in Military Spending: A Titanic Budget in an Ocean of Icebergs

Posted by seumasach on March 5, 2010

Jo Comerford

Global Research

4th March, 2010

Send up a flare! The 2011 federal budget has sprung some leaks in the midst of a storm. Not sure there’s enough money for life rafts!  Forget women and children first!

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City removes trash cans, streetlights to save cash

Posted by seumasach on February 27, 2010

Jim Spellman


26th February, 2010

Colorado Springs, Colorado (CNN) — If you come to a neighborhood park in Colorado Springs, plan on bringing your own trash bags.

To save money, the city has removed the trash cans.

Need to catch a bus? Don’t try on evenings or weekends. The city has cut that service, too.

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The Economic Elite Have Engineered an Extraordinary Coup, Threatening the Very Existence of the Middle Class

Posted by seumasach on February 18, 2010

David DeGraw

Silver Bear Cafe

18th February, 2010

The economic elite have robbed us all. The amount of suffering in the United States of America is literally a crime against humanity.

“The American oligarchy spares no pains in promoting the belief that it does not exist, but the success of its disappearing act depends on equally strenuous efforts on the part of an American public anxious to believe in egalitarian fictions and unwilling to see what is hidden in plain sight.” – Michael Lind, To Have and to Have Not

We all have very strong differences of opinion on many issues. However, like our founding fathers before us, we must put aside our differences and unite to fight a common enemy.

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Stocks slide, shrugging off “manufacturing rebound”

Posted by smeddum on September 2, 2009

Stocks slide, shrugging off manufacturing rebound


By SARA LEPRO, AP Business Writer –

Tue Sep 1, 2:16 pm ET

NEW YORK – The stock market’s six-month rally finally gave way Tuesday, succumbing to resurgent worries about the fragility of the banking industry and the economy as a whole. Read the rest of this entry »

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Record demand for free food parcels in Dublin

Posted by seumasach on April 13, 2009

Migrant workers hit hardest by economic slump


12th April, 2009

The queue snaked through the city centre: hundreds of desperate people waiting patiently for a food parcel filled with basics such as bread, beans and sugar.

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Dmitry Orlov: The collapse of America is unavoidable

Posted by seumasach on April 8, 2009


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The Upcoming Political Crisis in Washington

Posted by seumasach on March 10, 2009

David Gordian

Global Research

9th March, 2009

In recent days we have seen even mainstream Democratic figures as Joe Stiglitz and Paul Krugman sound the alarm on what seems to be uncertainty in the Obama administration. Stiglitz, Krugman et al. are following in their essential critique a path well worn over the past few weeks by a range of commentators to be found as much among the Austrians as those on the liberal-to-left part of the spectrum. The fundamental point is, of course, that it is now clear to all but the militantly unreflective that Obama can – perhaps – save the Real economy or – perhaps – save Finance (i.e. Bank bond- and shareholders), but certainly not both. The increasing, but still relatively gentle, criticism of Stiglitz, Krugman and their ilk is owing to the fact that it is becoming all too clear that Obama is still unwilling to engage Finance in what might turn out to be the greatest intramural fight capitalism has ever seen.

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Posted in Financial crisis | Tagged: , , , , , | 1 Comment »

Citizens Advice sounds warning over spiralling household debt

Posted by seumasach on February 26, 2009

26th February, 2009

It would take an average of 93 years for people contacting a debt charity for help to repay their borrowings at an affordable rate, research showed today.

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Posted in Financial crisis | Tagged: , , , | 3 Comments »


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