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Are we facing Financial Armageddeon?
I can’t say I’ve ever lived through a Depression, but it sure looks like I will be in the near future, and it doesn’t look like some major event is going to be avoided, and as always, the perpetrators will be the saviours once again, bringing the world under a more centralized framework, and thus begins the cashless society and the end of the middle class in the west, and hello to Socialism on a grand scale
It would be nice to envision a society who stands up to this constant raping of our God given rights as Humans to exist on a planet, but really, I try to talk to people all the time who don’t know or care what’s going on, and the conclusion I come to is that things will get a lot worse before they get better….
I don’t know if it’s the TV or the flouride in the water, but I find people have turned into such greedy, callous, petty, little swines…Just look at the faces of people next time you walk down a street…the air of self importance, wearing sun-glasses in the rain, googly eyed & eared over their Blackberries & radiation phones..feels like humanity lost, into a vortex of materialism and illusion.
This recession could easily tip into a depression
http://www.timesonline.co.uk/tol/comm…Wall Street fears for next Great Depression
http://www.independent.co.uk/news/bus…U.S. Stocks Tumble, Sending Dow to Worst June Since Depression
http://www.bloomberg.com/apps/news?pi…Auto sales plunge again
http://money.cnn.com/2008/08/01/news/…Chrysler US sales plunge 29 percent in July
http://news.yahoo.com/s/afp/20080801/…Iowa faces potential $3 billion in crop loss
http://www.cnn.com/2008/US/weather/06…U.S. retail sales plunge; gift cards used for basics
http://lfpress.ca/newsstand/Business/…Hundreds of banks will fail, Roubini tells Barron’s
http://www.reuters.com/article/newsOn…Slide in house prices is the worst since the Great Depression
http://www.telegraph.co.uk/money/main…Housing to enter depression phase in Australia
http://feeds.bignewsnetwork.com/index…BIS warns of Great Depression dangers from credit spree
http://www.telegraph.co.uk/money/main…RBS issues global stock and credit crash alert
http://www.telegraph.co.uk/money/main…Royal Bank of Scotland poised for biggest loss in UK banking history
http://business.timesonline.co.uk/tol…Morgan Stanley warns of ‘catastrophic event’ as ECB fights Federal Reserve
http://www.telegraph.co.uk/money/main…The global economy is at the point of maximum danger
http://www.telegraph.co.uk/money/main…Stressed banks borrow record amount from Fed
http://www.usatoday.com/money/industr…US junk-bond defaults may quadruple
http://business.timesonline.co.uk/tol…Monetary steps not seen since 1929 Great Depression: RBI
http://www.rediff.com/money/2008/jul/…Ron Paul: “Some Big Events Are About To Occur”
http://infowars.net/articles/july2008…California foreclosure “surge”: Up 327% from ’07 levels
http://latimesblogs.latimes.com/lalan…Housing bill provision rattles privacy, small business groups
http://www.computerworld.com/action/a…Cashless society by 2012, says Visa chief
http://www.independent.co.uk/news/bus…
see
Dandelion Salad 
This is actually good news. Maybe if we go through a Depression that’s hell and lasts a long time, people will wake up and realize the free, unfettered market bullshit that’s been shoved down their uncritical throats for the past 30 years (since Reagan and Thatcher) doesn’t work. It’s as “broken” as all the systems it was supposed to replace. It’s not the systems that make an idiology work but the people behind it…too hard for most people to grasp. They’d rather believe in processes blindly and with complete faith without the need to look at proof–and that’s religious fundamentalism, plain and simple.
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Nick
I would say that the bankers have a different formula than their bretheren. Each evolution allows the new psychocracy to contain and assimilate the old.
I agree with the last part of your comment.
Thanks everyone for your comments.
Being a “greenie”, the biggest problem I see are the special fuel interests and their hold on the powers in charge:
http://lamarguerite.wordpress.com/2008/05/02/special-fossil-fuel-interests-blocking-progress-on-climate/
And yes, we are heading towards very troubled times, economically, politically, socially, and environmentally. Those who think otherwise have their heads buried in the sand.
Such a lovely vision of the future! Makes suicide seem sane.
But the bankers have only joined the corporations, monarchies/governments, ecclesiastical elites, and war lords. Manipulating the money has been the most effective form of social control yet, and the most constantly insidious slow burn tactic, but it could not be done without the cooperation of the other groups of the power elite.
And besides, there is a lot of mobility between business, the military, and government at the highest levels. The people have been kept entertained by their television shows and anti-depressants, while the cartel has moved inexorably towards consolidation and concentration of power.
The International banking cartels have replaced the corporations, who replaced the monarchies, who replaced the ecclesiastical elites, who replaced the warrior elites.
They have the Gold, They control the resources, they own the law and Governments. What better way to bring everything under control than to collapse the old world, and provide the new.
Problem, reaction , solution. We are all in great danger.