Depression 2009: What would it look like?
by Drake Bennett
Global Research, December 7, 2008 Boston Globe - 2008-11-16
Over the past few months, Americans have been hearing the word "depression" with unfamiliar and alarming regularity. The financial crisis tearing through Wall Street is routinely described as the worst since the Great Depression, and the recession into which we are sinking looks deep enough, financial commentators warn, that a few poor policy decisions could put us (...)
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Depression 2009: What would it look like?
7 December 2008 par (Open-Publishing)
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In the Shadow of an Apocalypse
7 December 2008 par (Open-Publishing)
By David Glenn Cox
The media has coined a new term, “The great recession.” The media loves terms like that, terms they can use to encapsulate ideas. It allows them to rationalize and generalize, and in this case, minimize. To call this the great recession is as insulting as calling a train wreck a boo boo. It ignores the pain and suffering that millions of Americans are going through with a vulgar, sugar-coated euphemism.
Displaced worker is another such term; it explains the result (...) -
Evolution of the Apocalypse - Empire’s Demise - Human Renaissance
6 December 2008 par (Open-Publishing)
Evolution of the Apocalypse - Empire’s Demise - Human Renaissance
by Carol Brouillet
Apocalypse (Greek: Ἀποκάλυψις Apokálypsis; "lifting of the veil") is a term applied to the disclosure to certain privileged persons of something hidden from the majority of humankind. Today the term is often used to refer to the end of the world, which may be a shortening of the phrase apokalupsis eschaton, which literally means "revelation at the end of the æon, or age.(1) "
The unraveling of the US (...) -
Deflation: Making Sure "It" Doesn’t Happen Here. Remarks by Governor Ben S. Bernanke in 2002. Hehe
4 December 2008 par (Open-Publishing)
Remarks by Governor Ben S. Bernanke Before the National Economists Club, Washington, D.C.
November 21, 2002
Deflation: Making Sure "It" Doesn’t Happen Here
Since World War II, inflation—the apparently inexorable rise in the prices of goods and services—has been the bane of central bankers. Economists of various stripes have argued that inflation is the inevitable result of (pick your favorite) the abandonment of metallic monetary standards, a lack of fiscal discipline, shocks to the (...) -
Collapsing Economy? How about a computer for the depression?
3 December 2008 par (Open-Publishing)
2 commentsby Clarence Hummer
Need proof that the economy is collapsing. Deflation of prices is a a sure sign. How about a computer for under a C-note?
If you want to see what your surroundings will look like in an economic depression, consider electronic gadgets "then", in the 1930s Great Depression, and now.
Back then, a radio was the must-have gadget, and makers came out with low-priced, low-performance so-called "midget" radios. Now comes a "depression era" computer or PC, the midget (...) -
UN team warns of hard landing for dollar
2 December 2008 par (Open-Publishing)
UN team warns of hard landing for dollar
By Harvey Morris in New York Published: December 1 2008 08:48
The current strength of the dollar is temporary and the US currency risks a hard landing in 2009, according to a team of United Nations economists who foresaw a year ago that a US downturn would bring the global economy to a near standstill.
In their annual report on the world economy published on Monday, the economists said the dollar’s sharp rebound this autumn had been driven (...) -
Do You Know What You Are?
2 December 2008 par (Open-Publishing)
By David Glenn Cox
All of us, no matter who we are or what we are, have an inner belief that we have some redeeming value in our life. Or as John Kennedy once said, “We all inhabit this small planet. We all breathe the same air. We all cherish our children’s future and we are all mortal.” I use this quote as a touchstone, a milepost, to remind me of a time when our political leadership valued us for our intrinsic human value.
I was doing some research on outsourcing and after just a (...) -
Shopping malls are running on empty
1 December 2008 par (Open-Publishing)
Shopping malls are running on empty
By Roger Vincent and David Pierson November 24, 2008
Life Plaza Center in San Gabriel used to teem with diners heading to Green Village, a Chinese restaurant in the middle of the horseshoe-shaped mall on Valley Boulevard.
But after the eatery closed five months ago, the 7,500- square-foot space remained vacant. With no tenants stepping forward and fewer customers clogging the parking lot, the plaza is quiet, with a curiously dark core.
It’s a (...) -
Britain a Big Version of Iceland? Bankrupt Britain Trending Towards Hyper-Inflation?
30 November 2008 par (Open-Publishing)
Britain a Big Version of Iceland? Bankrupt Britain Trending Towards Hyper-Inflation?
by Nadeem Walayat
Global Research, November 30, 2008 Market Oracle - 2008-11-28
The mainstream media is increasingly full of stories of either Britain going bankrupt or the coming deflation associated with the recession. Whilst both are now obvious given the economic data and government actions however what is missing from the headlines is that under the weight of the exploding public sector debt (...) -
Collapsing the Economy in the Buildup to World War III
25 November 2008 par (Open-Publishing)
3 commentsThe following will remain the top post for the next few days. It is an update of “10 of the Most Important Economic Events of the Last 10 Years: Collapsing the Economy in the Buildup to World War III ”, which in turn was an update of “7 of the Most Important Economic Events of the Last 7 Years: Collapsing the Economy in the Buildup to World War III.”
For those who have been following this series, minor updates were made to events 1 through 10 and the Implications section, and event 11, (...)