Tag Archives | Collapse

It’s Dark As A Dungeon Deep Down In The Mine

Report from the Epicenter of Fraudclosures: Can There be A Rescue of US Workers Facing Foreclosure & Unemployment?

WEST PALM BEACH, FLORIDA: In all of the economic issues we are dealing with, there is always a “back story, a deeper context” that is usually missing, “disappeared” like those Allende supporters in Chile in the 1970s who wanted to empower workers, not just rescue them when they get buried in a deep hole.

Most deeper issues go uncovered. Luis Campos, Director of the School of Anthropology at Chile’s Universidad Academia de Humanismo Cristiano, points out, “more buried than the miners themselves, the demands and the rights of the indigenous population continue to be flouted and unrecognized in our country.”

Many unsafe mines worldwide are still at risk from China to Zambia.

Who woulda thunk—certainly not the 1300 “journalists” on the scene–that this mine disaster had its origins in the era when Richard Nixon and Henry Kissinger helped snuff out an emerging popular democracy in the name of protecting what West Palm Beach-based writer and former economic “hit man,” John Perkins, calls the corporatocracy.… Read the rest

Continue Reading

Super Rich Are Stockpiling Gold

goldSo are the mega-wealthy creating another asset bubble, or do they know something that the peasants who invest in stocks, bonds and real estate don’t? From Reuters:

The world’s wealthiest people have responded to economic worries by buying gold by the bar — and sometimes by the ton — and by moving assets out of the financial system, bankers catering to the very rich said on Monday.

Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit.

“They don’t only buy ETFs or futures; they buy physical gold,” said Stadler, who runs the Swiss bank’s services for clients with assets of at least $50 million to invest.

UBS is recommending top-tier clients hold 7-10 percent of their assets in precious metals like gold, which is on course for its tenth consecutive yearly gain and traded at around $1,314.50 an ounce on Monday, near the record level reached last week.

Read the rest
Continue Reading

America Is On The Brink Of A Second Revolution

Boston_tea_partyAt least that’s what mega-bear Paul B. Farrell says, adding that it’s going to cost us a whole lot more than we’ve already lost, writing at Marketwatch:

“What’s distinctive about the Tea Party is its anarchist streak — its antagonism toward any authority, its belligerent self-expression, and its lack of any coherent program or alternative to the policies it condemns,” warns Jacob Weisberg in Newsweek. But why not three cheers for the Tea Party Express?

Admit it, something historic is brewing. And yes, it’s good for America, even the anarchy. Revolution is renewal. Tea-baggers want to take on both parties, “restore honor” and “take back the country.” Bring it on, the feeling’s mutual.

OK, maybe most Americans just silently mimic the words, “we’re mad as hell, won’t take it any more.” But watch out: After November the campaign’s shrill rhetoric explodes into action.

Tea-baggers are kicking the revolution into high gear.

Read the rest
Continue Reading

Peggy Noonan: America Is at Risk of Boiling Over

Peggy Noonan with Ronald Reagan

Peggy Noonan with Ronald Reagan

Author and popular political pundit Noonan says out-of-touch leaders don’t see the need to cool things off in this op-ed for the Wall Street Journal:

It is, obviously, self-referential to quote yourself, but I do it to make a point. I wrote the following on New Year’s day, 1994. America 16 years ago was a relatively content nation, though full of political sparks: 10 months later the Republicans would take the House for the first time in 40 years. But beneath all the action was, I thought, a coming unease. Something inside was telling us we were living through “not the placid dawn of a peaceful age but the illusory calm before stern storms.”

The temperature in the world was very high. “At home certain trends—crime, cultural tension, some cultural Balkanization—will, we fear, continue; some will worsen. In my darker moments I have a bad hunch.

Read the rest
Continue Reading

The Year America Dissolved

Paul Craig Roberts, an economist who served as an Assistant Secretary of the Treasury in the Reagan Administration, puts to pen the vision of Alex Jones and the Infowars camp (see Alex's video monologue below too) for a Mad Max type of collapsed society:
It was 2017. Clans were governing America. Clans organized around families and individuals who possessed stocks of food, bullion, guns and ammunition. The first clans organized around local police forces. The conservatives’ war on crime during the late 20th century and the Bush/Obama war on terror during the first decade of the 21st century had resulted in the police becoming militarized and unaccountable.
As society broke down, the police became warlords...
Continue Reading

The Decline Of The U.S. As A World Power

Robert Anton WilsonJames Kanata starts off his essay the way every article here should: by citing Robert Anton Wilson! From Helium:

Robert Anton Wilson was perhaps the first to popularize the observation that during the history of human civilization, power and money has always moved west. From the beginnings of civility in Sumer to modern day China, there has always been a westward flow of technology, money, power and manufacturing capacity. In the beginnings of the Industrial Revolution, we witnessed the flow of influence from the Vatican to Britain, an empire on which it was said that the sun never set. As Britain’s power waned in the early 20th century, so the flow moved westwards to America. Now in the 21st century we have witnessed a further flow westwards towards East Asia. While America still holds most of the cards as the world’s richest economy, the focal point of industry and manufacture has long left its shores.

Read the rest
Continue Reading

All Hell Will Break Loose – Today!

Well that’s what astrologer-cum-stockpicker Arch Crawford claims anyway, reported by Peter Brimelow at MarketWatch:

Crawford predicts “ALL HELL BREAKS LOOSE”–beginning, as a matter of fact, on Monday July 26, 2010.

…the opening of Crawford’s July issue [of his newsletter, Crawford Perspectives] is definitely the sort of thing that upsets people: “NEVER SEEN ANYTHING LIKE JULY! We mean, of course, the planetary pictures in the sky which are developing towards the tightest harmonic alignments in the most potent areas of the zodiacal circle ever recorded in Earth’s written history. These portend increasing and maximizing intensity and rapidity of ‘change’ on every level of existence: mineral, vegetable, animal, human and spirit. Will Capitalism survive? Will Democracy survive? Will our markets survive? Will governments survive? Will humanity survive? Will Earth survive?

“We don’t know, but we’ll be SHORT for it!”

Crawford–along with other astrologers, who however are merely worried about nuclear war, the end of the world etc.–is impressed with an imminent unusual alignment that apparently involves five key planets.

Read the rest
Continue Reading

Rushkoff Says Sell Now

Crowd outside the New York Stock Exchange after the 1929 crash.

Crowd outside the New York Stock Exchange after the 1929 crash.

Doug Rushkoff, counterculture guru and all-round incredibly smart dude has some worrying advice, just posted on his blog:

Yes, this is really it. The beginning of a true end-of-cycle economically.

If you own “stocks,” use these bounces to get out completely. If you have to park your money somewhere, consider yourself lucky you have money to park.

The object of the game for those who actually have capital is not how to grow it, but how to keep it. Capital has driven our economy since 1300, and the recent bull market was the end of a cycle that began in the mid-1700′s.

The fact that it is ending is not the end of the world at all. It just means that there’s a whole lot of money out there with no place to go. People can’t find a place to park their money because there’s more money looking for investment than there is stuff to invest in.

Read the rest
Continue Reading

Experts Warn Of 2010 Meltdown

About a week ago I posted a story entitled “The Financial Crisis Is Back: Get Ready For Contagion.” Stock and commodity (precious metals excepted) markets worldwide did indeed take a nosedive very shortly afterward. Morning Liberty has collated a variety of dire forecasts for economic meltdown in 2010 from a variety of people who are far better informed than me. Each receives a thorough review with multiple comments over at AboveTopSecret.com. Here’s a taste:

Bob Chapman:
First 6 months of 2010, Americans will continue to live in the ‘unreality’…the period between July and October is when the financial fireworks will begin.
· The FED will act unilaterally for its own survival irrespective of any political implications …(source is from insider at FED meetings).
· In the last quarter of the year we could even see Martial Law, which is more likely for the first 6 months of 2011.
· The FDIC will collapse in September 2010.

Read the rest
Continue Reading

Gerald Celente Forecasts ‘Shattering’ 2010

Modern day soothsayer Celente is interviewed by Russia Today's Marina Portnaya:
The year 2010 and following decade will be marked by an increase in terrorism, says trends forecaster Gerald Celente, who believes the US and NATO are “fertilizing the foundation” for it. He also says a strong anti-immigration movement will start in 2010 in “every major country.”
Continue Reading