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Paul Craig Roberts: What Uncle Sam Has to Tell His Creditors
This is what the plan must be: A declaration that repudiates
the neoconservative goal to achieve US hegemony over the world; a
budget that reduces annual US borrowing needs by several hundreds of
billions by ending the Afghan and Iraq wars, by closing
The Great Depression of the 21st Century: Collapse of the Real Economy
In the US, Canada and Western Europe, the entire industrial
sector is potentially in jeopardy. We are dealing with a long-term
process of economic and financial restructuring. In its earlier phase,
starting in the 1980s during the Reagan Thatcher era,
?? The G-20 Washout??????????????????
It was interesting, though, to hear Bush, in a rare,
unscripted moment, acknowledge that the extreme steps taken by the Fed
and US Treasury--since Bear Stearns defaulted 17 months ago--were
intended to avoid what he called "a depression greater than th
Clusterfuck Nation by Jim Kunstler : What Now?
The energy story and its hand-maiden, the climate change
situation, are both lurking out there beyond the immediate spectacle of
the financial fiasco. Both these things imply pretty strongly that the
economic relations currently unraveling will not be
No More Investment Banks Turn Them Into Public Utilities
The damage that the investment banks and their non-bank
counterparts (Hedge funds, broker dealers, SIVs etc) have done to the
broader economy and the lives of hundreds of millions of people around
the world is incalculable. Still, the remedy is simple
The Automatic Earth: Debt Rattle, October 9 2008: Debts no honest man could pay
So, in 1987, Alaln Greenspan was brought in, with the clear
and defined task to liquidate and gut the American society and economy.
See, that’s where people think I’ve lost it. And I understand. All I
have to defend myself with is that, so far, I have
Casaubon’s Book » Blog Archive » Stuck: Why Most of Us Really Will be Adapting-In-Place
So the question becomes - how do we get out of the trap? Is
there any recourse for us now that credit and the old ways of getting
things have dried up? And the answer is yes, but it will require a lot
of something that most Americans don’t have in thei
Joe Bageant: No one is looking out for your interests
Here's what's fascinating as hell -- the view from the belly
of the beast. Most Americans, honest to god, are not thinking about the
bail-out at all. I'm serious. To most Americans it's just another
flurry of national news. And the only thing that can
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