4th January, 2009
A quarter of all British families will have no disposable income in 2009, dealing yet another blow to the beleaguered retail sector.
Posts Tagged ‘financial collapse’
Consumer cash crisis turns the screw on the high street
Posted by seumasach on January 4, 2009
Posted in Financial crisis | Tagged: bankrupt Britain, economic collapse, financial collapse | Leave a Comment »
Motor City’s woes extend beyond auto industry
Posted by seumasach on December 23, 2008
21st December, 2008
DETROIT – One measure of how tough times are in the Motor City: Some of the offenders in jail don’t want to be released; some who do get out promptly re-offend to head back where there’s heat, health care and three meals a day.
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Posted in Financial crisis | Tagged: bankrupt america, economic collapse, financial collapse | Leave a Comment »
Ariz. police say they are prepared as War College warns military must prep for unrest; IMF warns of economic riots
Posted by seumasach on December 21, 2008
“U.S. Sen. James Inhofe, R-Okla., and U.S. Rep. Brad Sherman, D-Calif., both said U.S. Treasury Secretary Henry Paulson brought up a worst-case scenario as he pushed for the Wall Street bailout in September. Paulson, former Goldman Sachs CEO, said that might even require a declaration of martial law, the two noted.”
17th December, 2008
A new report by the U.S. Army War College talks about the possibility of Pentagon resources and troops being used should the economic crisis lead to civil unrest, such as protests against businesses and government or runs on beleaguered banks.
Posted in Uncategorized | Tagged: "War on Terror", 9/11, coup d'etat in America, financial collapse | Leave a Comment »
The Darkness and the Power
Posted by seumasach on December 21, 2008
Jim Kirwan
20th December, 2008
The Dictator announced his relief-package for the Big Three yesterday: The media is calling it “a Christmas-gift.” This is a LOAN-agreement: Gift’s do not come wrapped in razor wire. This too-little-too-late proposal is meant to bring an end to the problem of having to pay anyone, for whatever they do on-the-job in the United States.
Posted in Financial crisis | Tagged: bailout industry not finance, financial collapse, financial fraud | Leave a Comment »
New tipping-point in March 2009: ‘When the world becomes aware that this crisis is worse than the 1930s crisis’
Posted by seumasach on December 20, 2008
16th December, 2008
LEAP/E2020 anticipates than the unfolding global systemic crisis will experience in March 2009 a new tipping point of similar magnitude to the September 2008 one. According to our team, at that period of the year, the general public will become aware of three major destabilizing processes at work in the global economy, i.e.:
• the length of the crisis
• the explosion of unemployment worldwide
• the risk of sudden collapse of all capital-based pension systems
Posted in Financial crisis | Tagged: financial collapse, Financial crisis | Leave a Comment »
Federal Reserve sets stage for Weimar-style Hyperinflation
Posted by seumasach on December 17, 2008
F. William Engdahl
15th December, 2008
The Federal Reserve has bluntly refused a request by a major US financial news service to disclose the recipients of more than $2 trillion of emergency loans from US taxpayers and to reveal the assets the central bank is accepting as collateral. Their lawyers resorted to the bizarre argument that they did so to protect ‘trade secrets.’ Is the secret that the US financial system is de facto bankrupt? The latest Fed move is further indication of the degree of panic and lack of clear strategy within the highest ranks of the US financial institutions. Unprecedented Federal Reserve expansion of the Monetary Base in recent weeks sets the stage for a future Weimar-style hyperinflation perhaps before 2010.
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Posted in Financial crisis | Tagged: dollar collapse, economic collapse, financial collapse, stop the bailout, The Great Depression | 1 Comment »
The Next Big Bailout- Madoff!!
Posted by seumasach on December 16, 2008
Brad Willet
16th December, 2008
With the financial markets already in a state of panic and the global recession expected to worsen in 2009, we can ill afford to allow the financial institutions, charities, and rich idiots that entrusted Bernard Madoff with their money to go bust. As for the widespread contention that since Mr. Madoff committed fraud he deserves to go to jail, do not think of Madoff as operating a ponzi scheme so much as a Strong Armed Perception Fund (SAP Fund), and don’t think of him as breaking the law so much breaking new ground in the arena of fictitious returns.
Posted in Financial crisis | Tagged: financial collapse, financial fraud | Leave a Comment »
It’s our darkest hour – but don’t tell Fortnum & Mason
Posted by seumasach on December 13, 2008
Marina Hyde
13th December, 2008
Sterling’s value is falling like a stone, and with it our inalienable right to travel the world and boast how far our money goes
One afternoon atop the Eiffel Tower, the young son of my friend Matthew Norman marvelled aloud at the spectacle of Paris below him. “Well,” was his father’s nurturing reply. “We can all have beautiful cities if we don’t fight Hitler.”
Posted in Financial crisis | Tagged: bankrupt Britain, financial collapse, join the euro! | Leave a Comment »
Can the euro save Britain?
Posted by seumasach on December 12, 2008
Joining the eurozone is one way of limiting the terrible price of the City’s antics. But will politicians brave public opinion to do it?
John Palmer
12th December, 2008
According to the Sun, Gordon Brown has assured the entrepreneur Sir Alan Sugar that he has no plans “to ditch the pound” and join the euro. And certainly, the closest scrutiny of the agenda for the two-day summit meeting of European Union leaders that begins in Brussels today does not reveal any item dealing with a possible British overture to the members of the European single currency about joining the single currency.
Posted in Financial crisis | Tagged: financial collapse, join the euro! | Leave a Comment »
Obama’s Favoritism- Wall Street, Not the Auto Industry
Posted by seumasach on December 11, 2008
Michael Hudson
8th december, 2008
There is a strange double standard in President-elect Obama’s largesse with the public purse when it comes to Wall Street’s banks and insurance companies as compared to his more exacting stance toward bailing out the U.S. auto industry. In his December 7, 2008 interview with Meet the Press he set conditions for an auto industry bailout, but said nothing about setting similar conditions for the financial sector. His words regarding Detroit could just as well have been directed at Wall Street. But they were not.
“I think that the Big Three U.S. automakers have made repeated strategic mistakes. They have not managed that industry the way they should have. … What we have to do is to provide them with assistance, but that assistance is conditioned on them making significant adjustments. They’re going to have to restructure, and all their stakeholders are going to have to restructure. Labor, management, shareholders, creditors – everybody’s going to recognize that they have–they do not have a sustainable business model right now. And if they expect taxpayers to help in that adjustment process, then they can’t keep on putting off the kinds of changes that they, frankly, should have made 20 or 30 years ago.”
Posted in Financial crisis | Tagged: bailout real economy, financial collapse | 1 Comment »
Generation X’d Out: An end to the human race as we’ve known it?
Posted by seumasach on December 11, 2008
Babies born to GENERATION X-RAY may be on the fast track to humanity’s genetic DEAD END.
Amy Worthington
The term “Generation X-ray” refers to youth addicted to communicating and recreating with wireless devices—cell phones, PDA’s, WiFi computers and music/gaming equipment. These wireless devices emit high-frequency microwave radiation, recently demonstrated by European researchers to efficiently inflict the same horrific damage on human cells as X-radiation.
Surveys reveal that the average American child under 18 now spends several hours a day irradiating himself with his cell phone “toy.” Meantime, Swedish scientists report that children and teens who use cell phones are up to five times more likely than non-users to suffer glioma brain cancer. Gliomas are among the most difficult to treat and deadly of human cancers. Children who use cordless household phones have over four times the risk of developing brain tumors.
The far-reaching health hazards to children and teens from wireless technology are well-documented in part one of this Idaho Observer series:
Generation X-ray: Child Victims of Technological Abuse. While the European Parliament and governments around the world are calling for stricter limits on wireless exposure for kids, Gen X-ray continues to ride the down escalator towards disintegrating health and premature death.
Most tragically, because our young people have received no official warning from U.S health agencies, they unknowingly micro-cook their sperm, ova and fetuses with a radiation known to be just as mutagenic and teratogenic as gamma wave radiation from nuclear fallout. The science is clear. Babies born to the hard-core wireless generation will suffer a high probability of genetic corruption from their very seed.
 Scientists warn that a pregnant woman using a cell phone, with or without a headset or bluetooth device, could cause her to place the transmitting phone near her abdomen, exposing her baby to dangerous levels of microwave radiation. Both the pelvic structure and amniotic fluids promote the deep penetration of microwaves, which can be easily absorbed by the fetus.
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We see them everywhere now. Armies of American women of childbearing age roam dazed through shopping centers with transmitting cell phones pressed firmly to their heads. Often with forlorn pre-schoolers traipsing behind, these gals wander the aisles getting “stoned” on microwaves. The opiod-like “high” they glean from skull-piercing phone radiation is documented in animal studies to habituate like nicotine.1 No one has told them that an extended cell phone “fix” enshrouds their bodies in high-frequency electromagnetic energy with potential to unleash devastating effects on both their living and future offspring. Read the rest of this entry »
Posted in Ecological and Public Health Crisis | Tagged: EM radiation hazard, financial collapse, genocide | Leave a Comment »
In These New Times 