Christ Almighty if the Internet is such a wonderful tool of education HOW IS IT that the utter madness that is going on right now in the world of finance is allowed to continue? I have rarely felt as helpless and sick to the stomach as I do today… the facts are out there and [...]
Posts Tagged ‘debt’
The Facebook of Revelation
Posted in Uncategorized, tagged debt, facebook, Financial Collapse, Goldman Sac, Holly shit are we stupid or what? on January 6, 2011 | Leave a Comment »
Why people should have the option of public banks..i.e. banks that are run as utilities
Posted in Uncategorized, tagged banks as utilities, debt, Financial Crisis, public banks, securitization on November 10, 2010 | Leave a Comment »
From www.truthout.org Time for a New Theory of Money What the current banks do: The banks are not really creating credit and advancing it to us, counting on our future productivity to pay it off, the way they once did under the deceptive but functional façade of fractional reserve lending. Instead, they are vacuuming up [...]
Unemployed States of America
Posted in Debt Proof? I Think Not!, tagged debt, insolvent, U.S. unemployment rate, US Treasury on May 22, 2010 | Leave a Comment »
Reposted from Zero Hedge Courtesy of Economic Policy Journal we now know that the majority of American states are currently insolvent, and that the US Treasury has been conducting a shadow bailout of at least 32 US states. Over 60% of Americans receiving state unemployment benefits are getting these directly from the US government, as 32 [...]
iWorry
Posted in Financial Collapse?, tagged debt, Financial Collapse, politics, Roubini, unsustainable, US economy on May 13, 2010 | Leave a Comment »
Time to stop drooling about iCrap and worrying about Internet business models and pick up some books on Carpentry and Sheep Farming. At least do yourself a favour and just consider for a moment – a moment – how you would get by if you could not withdraw money for a month or so and [...]
The Discount Rate Mismatch Or How We Learned To Love Debt
Posted in Bonfire of the Vanities, Uncategorized, tagged climate change, debt, end of days, quantum physicis on April 19, 2010 | 1 Comment »
Read The Discount Rate Mismatch This is very enlightening post by Statsguy, a frequent guest contributor to the Baseline Scenario, that explains why we are at a critical point in economic history. The entire system is so far in debt that there is no painless way to get out of it. What would you be [...]
