Tag Archives: economic depression

Leaving house price fantasy land

You can see them sprouting up all over like toadstools, these FOR SALE and FOR RENT signs. What happened? Take a look at this graph and you can easily determine there was a fantasy land growth Housing Bubble of real … Continue reading

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Israeli government admits to having committed war crimes

Israel admits using white phosphorous in attacks on Gaza (on its attack on a UN sponsored school). This will bother Barack Obama about as much as his own military murdering civilians in Afghanistan does. Karzai Confirms: US Forces Killed 16 … Continue reading

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Barack Obama headed to becoming America’s most disappointing President

OK, excuse time is now over as Barack Obama takes office, so what does the future actually hold for us? The Democrats can now no longer hide behind the Bush Administration and even though most Americans believe that the Republicans … Continue reading

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Nonviolent vigils will be death of Gazans

GAZA PROTESTS PROLIFERATE! Demonstrators are occupying Israeli consulates, storming embassies, harassing pro-Israeli rallies, and spilling blood on Zionist memorials. Not that anything is working so far. Meanwhile, in non-stories for the press, the usual non-confrontational passivists are lighting candles in … Continue reading

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$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 … Continue reading

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Businessmen gone WILD!

Worldwide the business community has gone wild as they try to resurrect the declining capitalist world economy by simply throwing trillions of government dollars at themselves to ‘stimulate’ the return of their profit making. EU, China, US unleash global assault … Continue reading

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The US depression torpedoes the US medically sick ‘Health Care’ System

Today, Wall Street broke 8,000 going the wrong way… DOWN. Tomorrow will it be 7,500 on the road to national bankruptcy? Who knows. But one thing is for sure, the already sick US Medical System is going down alongside the … Continue reading

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2009 world collapse of auto production in route

Gas prices are sinking! Whoopie! Hooray! But why is that happening? Kind of eery, isn’t it? Answer is that gas prices are falling simply because there is a world collapse in automobile production now underway. GM is going down, a … Continue reading

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Alan is shocked!!!!!

Alan Greenspan represents more than any individual anywhere, the bipartisan fact that there is no real difference between the 2 chosen parties of our corporate dictatorship here in America. Let’s fact, it… Greenspan has been the darling of both the … Continue reading

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Spending money you don’t have to pay for the debts

U.S. budget deficit swells to record $455 billion Need a Trillion $$$ for the troubled Big Guys? How about spending almost half a Trillion $$$ this year you don’t have in hand, and then do the same in 2009!!!? Let’s … Continue reading

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

The 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 … Continue reading

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Troopergate Verdict and Depression sink McCain down to his knees

Obama has covered himself by being even more aggressive towards Iran than the Bush-McCain Klan are. That is meant to deflect the October Surprise if Bush and Israel decide to attack Iran before the US presidential election. Meanwhile, Troopergate and … Continue reading

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Republican rout is now in the making- The Republican Swan Song by Conjunto God is Dead

Obama is way out in the lead and pulling away from McCain fast! See RealClearPolitics for summary of multiple polls that show this. Saying this in no way implies that the Republicans will be routed out of the Deep South … Continue reading

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Time to use the word DEPRESSION again

One of the most ridiculous of the utterly false and phony positive thinking talking points used by the US’s Right Wing corporate daily press and the talking heads of their TV stations is their constant babble about whether we have … Continue reading

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The crash continues as American people go into shock

Last 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 … 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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Liberals cry out for ‘Regulation!’

Democratic party-tied websites are spouting much the same analysis of the current economic crisis, which is simply that in their point of view, capitalism is great, it just needs ‘regulation.’ Give us a break, People! The US Capitalist System is … Continue reading

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WaMu shares fall from $39 to $2 in one year

The Domino Theory at work! Next to fall- Washington Mutual. Nothing related to Vietnamese Communism at all, but to American capitalism itself. And what does Wall Street and Washington, D.C. advocate now? Why socialism! They advocate socialism for themselves,The Rich, … Continue reading

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Food riots, economic sustainability, and the historical economic rate of growth

As the world moves toward recession/ depression, dragged down by the bursting US bubble economy, food riots are beginning to occur in multiple locales around the planet. The inflation rate in 2007 for food staple prices has been around 40%. … Continue reading

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