Tag Archives: economic crash

Turning the economic corner to what?

economic indicators
The US media is now full of optimistic assurances to ‘We, The People’, that ‘the economy is turning the corner’ and all will be well once again as if that was ever all that much the case! Certainly it has been better though, yet today the US does not, and cannot, operate in isolation from the world downturn of Big Business. So how’s it going elsewhere? Take a look at our friends the British, and you will see just how they are doing? …and it’s not so good.

From the conservative and hallowed British newspaper, the Telegraph, you can read that the British economic collapse rivals Great Depression, and that British output fell 5.6 % over the last year! That’s a -5.6% GDP, so why is the American press so full of bullshit about ‘turning the corner’? A short stock market rally is no turning of any corner, but a negative rate of GDP for the last year is definitely an ominous sign. It will simply take more than positive spin or pep talks to turn any corner yet ahead.

The desire to paint such a big happy face comes about when corporate leadership has no plans to alleviate any misery anywhere these days. If anything, they remain absolutely fixated on spreading more misery through more war, rather than improving the economic welfare of people through PEACE and a productive society run by a productive economy. Capitalism simply is not a productive economy, but rather is merely a route for and elite to get rich off the rest of us and through a looting of Nature. Changing that would be turning a corner but capitalist elites are not going to change The-ir System.

Ft Carson is Burnt Acres not Green Acres

Ft Carson fire of 2008For several years now Colorado Springs has watched in incredulous dismay as the Pentagon has tried to represent its local terrorism training center, Fort Carson, as being some sort of Green Acres to Coloradans. Incredibly, the local group of Democrats at the Pikes Peak Justice and Peace Commission have done their part in playing part of the game with the military in this regard, as they held joint meetings with the military and even printed up some of their propaganda about being ‘Green’ in their quarterly newsletter.

But what’s the real story about this supposedly lean, green, terrorist cell near by? Are they out to save Mother Earth through the military-industrial complex as they claim? If you are a True Believer in this Pentagon propaganda offensive, then take a look at this news item then… Fort Carson fire consumes 6,500 acres

It turns out, not surprisingly, that the military dropping bombs during heir ‘exercises’ is what started this fire out. These boy toys are noted for being just like that, but burning money off through weaponry is the American economy and so this Blood Red group must expand! Nothing green about it except for the American dollars being consumed so stupidly. It’s simply time to stop this bombs away, burn Mother Earth away machine. If you care about ecology, get out and show your concern by protesting the continuous and constant US military presence here in Colorado Springs.

It takes a lot of nerve to try to pass the pentagon off as Green, humane, and Earth loving, doesn’t it? But these Pentagon lairs get a humongous propaganda budget from American taxpayers to do just that. If your military backed job depends on it,t hen you might be the type of dunce to buy into this hogwash? If not, it’s just another reason to be sick of what the total militarization of America is doing to us.

*** Note that the fire pictured was a wildfire from last year at Fort Carson and not this year’s fire.

$7.76 trillion

This just in from Bloomberg News- $7.76 trillion in guarantees (from the US government) For more about Bloomberg see wikipedia Bloomberg L.P. You heard it from the horse’s mouth and the horse is worried. Will the US Treasury itself collapse under all this give away?

Stock markets shoot up as European give aways to super rich go online

champagneThe European countries more than matched the US government give aways to the super rich and as a result, the markets everywhere are celebrating this Grand Theft Robbery today. Wall Street soars 11 percent on bank rescue and Morgan deal

The kingpins think everywhere that its once again clear sailing for them. However, there is eventually a big price for them to pay for all this, as the common folk everywhere will have to begin to suffer because of these handouts of their money, their work, their children’s futures to these financial and government vultures.

With this suffering will come a rising anger about these gargantuan robberies of national and international wealth, when the people themselves need these funds to make a decent society. Never post WW2 has the system of private property run by the super rich spun itself so totally into the wrongest directions. Dead now is the idea of inter-class cooperation within the capitalist markets of the imperialist nations. Many will still support the super rich no matter how far they go with their criminality, but the foundations of that support have been severely undermined.

Further, since no real correction of any of the main problems that the world economy has faced have been put into place, all that has been bought is the smallest increment of time for the capitalist governments to regroup. These markets are eventually going to collapse again, and when they do, what will then be left for the rich folk to plunder to keep their pyramid schemes afloat? Nada.

The crash continues as American people go into shock

dangerousLast week we saw most of America go into shock as the stark reality of the US not having a real opposition party became evident. The Democratic Party actually led the rush to pass Bush’s $700 billion giveaway to the rich Bill into law, and it was actually the Republican party that posed the minor stumbling block to getting it done. The American people were almost completely left on the sidelines as a result of simply never having constructed a major opposition party to the Two Party Big Business dictatorship that US is run under.

This week, the show has already begun again, as stocks begin the week by crumbling throughout Asia, Europe, and North America. Nobody is fooled internationally by the $700 billion dollar American give away legislation. Germany had to even copy the US government with their own give away bill, too, to the banks. Germany moves to shore up bank confidence And the Euro appears to be in as bad a shape as the dollar is in world currency marts, sliding in relation to the dollar!

Everywhere they talk of a stampede as stock values and currencies crumble. They talk of panic and they talk of crisis. The US stock market continued down this AM and everywhere there is a sense of impending doom. Hard times are now being made by the financial sectors for all of us, as unemployment rolls rise, production drops. The crash continues as the American people go into shock.