There has been no resolution to any of the issues connected to the 2008 financial crisis. Things have simply got worse. I list plentiful statistics in support of this. There is no solution. We have long-since passed the point-of-no-return. A kamikaze set of government-inspired, financial suicide policies have been undertaken by governments worldwide, all of which will lead to financial Armageddon. I take you on a tour of the U.S. social scene, trying to draw the loose ends together to create a picture of social hell which unavoidably awaits. It is a very grim picture indeed. Global debt has not ceased to grow since 2007. All major economies have higher levels of borrowing relative to GDP than they had in 2007. Entirely and exclusively created and financed by the central banks. All the ‘recovery’ talk is a cruel sham.
Why are politicians so incompetent? Is it because they’re so badly paid? (In Singapore they receive pay commensurate with their equivalent in the private sector). Patterns of warning are showing up and we discuss these. America’s infrastructure is now critical. More about ‘happiness’ as discussed in a new study. More bank scandals involving secret bank accounts offshore. A new ID document the ‘Internal Passport’ is to be rolled out this summer. A book recommendation: Towards A World War III Scenario: The dangers Of Nuclear War by Michel Chossudovsky. [...]
A number of important reasons exist as to why the dollar will remain strong for the foreseeable future. This has nothing whatever to do with the economy, a fact which most analysts have a hard time coming to terms with. Where to put money in the most secure investment. The lessons of Las Vegas when it comes to taking personal responsibility for not only your wins but also for you losses in life. The TTIP (the European so-called ‘free-trade’ agreement with the United States and the exact equivalent with the TTP which covers Asia) will not be ratified by the new Greek government which has veto power over its adoption. Whatever action Greece takes in its quest to deal with its debts will doom it. Similarly with the United States. The consequences are longer-term but no less injurious. China’s GDP problem mirrors Greece’s precisely. A new su [...]
There is no way out for Greece. They are damned if they do and damned if they don’t. The Germans will have to play a very careful hand to minimize the considerable damage that is sure to accrue to them. A word on the EU/ECB/IMF negotiating strategy. Not being rocket scientists (to put it mildly), it is doubtful whether anything useful can come of their deliberations… but we can only hope. The U.S. is hurtling towards WWIII with such gusto and enthusiasm that one has to wonder if they are not actively encouraging it. McCain, of course, is the chief culprit but he is fully supported everywhere else in government. Stock market comment: the absurd valuations of stocks. More on the powerful deflationary forces we are experiencing. Rand Paul’s call for a new, all-embracing Fed Audit. The deleterious effect of a rising dollar on U.S. corporate pr [...]
It really looks like Obama is, himself, sabotaging the country. He wants to raise taxes but the man keep interest rates low. The taxes will of course be universal. Actually, both political parties are responsible. The trouble is that the Present gets whatever he wants when he wants. So with that in mind, we have no reason to criticize the rest of them. The United States is running out of money. More and more people are understanding these things. They have already ruined their county economically. A walk down memory lane pertaining to the futures pits which are to be closed. Yet more on the debt. This is very important information.
How meaningful is the work you do? We examine the importance of work today. The labor conundrum comes from what is easily the most critical work issue in history. There are no answers. Low-paid jobs are usually extraneous to the needs of society. Yet some high-paid ones are, too. We examine examples of these. We look at how pay scales are devised. The madness of sub-prime auto loans. Delinquencies are already soaring in a $1 trillion loan market. The inevitable fallout is going to be catastrophic. The story of a couple of regular people from Texas who moved to Ecuador. It’s really not that hard to emigrate! Harrowing statistics of child poverty in the United States. Investment traps to avoid while trying to conflate different trends. Some words of general advice.