Tag Archives: credit crunch

the short end of the stick

It was one of the greatest heists in history. The scene? London, 1660. The perpetrator? England’s King Charles the II. The loot? All the gold he could con out of the country’s goldsmiths, bankers and businessmen. The tool?   A … Continue reading

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The shipping news

The whining and hang-wringing about the “credit crunch” is getting on my nerves. It was this supposed crisis that led to the $700 billion bailout and we’re told every day that it must be solved quickly, no matter the cost, … Continue reading

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Dixie got ditched for now

Dixie is a mean bitch and she got ditched for now. That’s all it is. All you got to do is check out the electoral map for the election results some. See what happened to Dixie?   Congratulations to New … Continue reading

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How a ‘credit crunch’ can help kick an economic depression into place

In a system…where the entire continuity of the…process rests upon credit, a crisis must obviously occur — a tremendous rush for means of payment — when credit suddenly ceases and only cash payments have validity. At first glance, therefore, the … Continue reading

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Credit crunch is a symptom of US economic malaise, not the cause of it

Taxpayers gifting the rich with $7,000,000,000 will not stop the coming capitalist depression at all, because it simply does not address the root causes of anything. We have been told that this crisis is merely the fault of toxic debts … Continue reading

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The Panic of 1873 and the panic today

Many are looking back at the 1930s to the Great Depression of that Era and comparing today’s capitalist downturn to that one, but others see little similarities between that Economic Crash of what appears to many as the mere distant … Continue reading

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The specter of world wide depression raises its head

We are so self centered in the US! As our government’s military deficit spending collapses the American capitalist economy we seem to forget that the crisis is a global one now. The Democratic/ Republican team have dragged down the global … Continue reading

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Global economic rapists are at it again

Why protest the G8 Summit July 7-9? Those hoodlums always look so determined. Here’s the rationale by the Emergency Exit Collective: The 2008 G8 on Hokkaido, a Strategic Assessment Emergency Exit Collective Bristol, Mayday, 2008 The authors of this document … Continue reading

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Choose your poison, America

Easy credit crunch or paper money trash? What is the answer to what corporate military spending corruption has sown? Dollar plunges to fresh Euro low We are going to pay a heavy price for our sins of complicity with Bush’s … Continue reading

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