The Great Depression of the 21st Century: Collapse of the Real Economy
The Great Depression of the 21st Century: Collapse of the Real Economy
The November 15 G-20 Financial Summit in Washington upholds the Washington-Wall Street consensus.While formally presenting a project to restore financial stability, in practice, the hegemony of Wall Street remains unscathed. The tendency is towards a unipolar monetary system dominated by the United States and upheld by US military superiority.
The architects of financial disaster under the 1999 Gramm-Leach-Bliley Financial Services Modernization Act (FSMA) have been entrusted with the task of mitigating the crisis, which they themselves created. They are the cause of financial collapse.
The G20 Financial Summit doesn’t question the legitimacy of the hedge funds and the various instruments of derivative trade. The final communiqué includes an imprecise and blurred commitment “to better regulate hedge funds and create more transparency in mortgage-related securities in a bid to halt a global economic slide.”
A solution to this crisis can only be brought about through a process of “financial disarmament” as initially formulated by John Maynard Keynes, which forcefully challenges the hegemony of the Wall Street financial institutions including their control over the monetary policy.
Complete monitoring to be proposed in the UK
AC Grayling: Safe in our cages | Comment is free | guardian.co.uk
This Orwellian nightmare, additionally, is proposed for a world in which leading soi-disant liberal democracies run, and/or permit rendition flights to, Guantanamo Bay. How many steps separate an innocent British citizen from some misinterpretation or interference or error in the collected and ‘made accessible’ data of text messages and emails, and a forthcoming home-grown version of Guantanamo Bay for people whose pattern of phone calls does not fit the police definition of acceptable?
Tipping point
There is a moment when the average person becomes aware that something is wrong, even if they don’t understand what exactly is going on. In that moment, they go to the bank and withdraw large amounts of money, which makes things even worse, making the whole situation a self-fulfilling prophecy.
This tipping point -with images like these, link below- is being reached as we speak.
http://flickr.com/photos/thetruthabout/sets/72157606167349340/with/2669312006/
Potential Future Hyperinflation
Potential Future Hyperinflation
Walter “John” Williams thinks out of the box. He makes disquieting reading, but you won’t find him in the mainstream. At least not often. He runs a “Shadow Government Statistics” site with an electronic by-subscription newsletter. Anyone can access some of his data and occasional special reports. They can also assess his reasoning. In his judgment, government data are manipulated, corrupted and unreliable. He’s not alone thinking that.
RBS: Stock and credit crash alert
Tell me something I don’t know…
RBS issues global stock and credit crash alert - Telegraph
when there is blood on the streets BUY!
Spiegel: How speculators are causing the cost of living to skyrocket
In late 2003, they invested only $13 billion (€8.4 billion) in the food commodities business. By March 2008, that number had jumped to $260 billion (€168 billion), an increase of 1,900 percent.
How much of it is in our own heads?
Our view of the world and its future is highly influented by our personal experience.
reddit.com: Energy, food and economic fears looming, new survivalists prepare for the worst
Here’s an interesting anecdote for you. I used to follow a conspiracy site that had a survivalist bent, and for awhile gave serious consideration to the author’s views. (I still read the blog because the author collects interesting news, though I no longer agree with his extreme interpretations.) I remember reading the comments to one post, where three of the comments in a short thread, authored by separate readers, made reference to a significant other (spouse or similar) who had struggled or was struggling with cancer; the article itself had little or nothing to do with cancer. It hit home because that was the exact same situation I was going through. It made me realize that my attraction to the doom-and-gloom had much more to do with my own personal catastrophe than with any looming end-of-the-world.
“Do you have curtains? Do you close them? Why? What do you have to hide?”
Meeting’s tarnished reputation

“Solar power surface needed to power whole world, EU, Germany”

