Archive for the 'Collapse' Category
The Job Market, in Charts
October 14th, 2009These charts are interesting, and as grim as they are, they can’t hold a candle to how grim it really is. These are using the official bogus data! Show us the line that includes the millions of people who have dropped out the bottom and aren’t counted anymore. For anyone who thinks that this “recession” […]
Cryptogon Reader Affiliate Purchase (at Nitro-Pak)
October 13th, 2009Someone out there has made what amounts to an astonishing purchase at one of Cryptogon’s affiliates. First of all, thank you. Second: Do you know about something specific that’s headed down the track? Now, I’m sure this person knows who he or she is and the purchase that I’m referring to in this post. If […]
Food Production ‘Must Rise 70%’ Over the Next 40 Years
October 13th, 2009Via: BBC: Food production will have to increase by 70% over the next 40 years to feed the world’s growing population, the United Nations food agency predicts. The Food and Agricultural Organisation says if more land is not used for food production now, 370 million people could be facing famine by 2050. The world population […]
Precipitous Drop In State Tax Collections
October 12th, 2009Great collection of green shoots. Via: Mish: The cutback in consumer spending is seriously impacting state budgets. Here are a few recent headlines. Research Credit: Lagavulin
Britain Has Worst Quality of Life in Europe?
October 12th, 2009Throw another CCTV at it, and send out some more idiots from the councils to look through people’s trash. That will sort it out for sure. Via: Telegraph: British people have the worst quality of life in Europe, according to a report which highlights the long hours, bad weather, low life expectancy and high price […]
UK Faced ‘Bank Runs, Riots’ as RBS and HBOS Neared Collapse
October 10th, 2009Via: Bloomberg: A year ago today, Royal Bank of Scotland Group Plc and HBOS Plc were close to collapse, causing a chain reaction that could have ended with riots in U.K. cities, security analysts and economists said. Bank failures would have forced the government to cancel police leave and deploy troops as the breakdown of […]
The Lost Generation
October 10th, 2009Via: Business Week: Bright, eager—and unwanted. While unemployment is ravaging just about every part of the global workforce, the most enduring harm is being done to young people who can’t grab onto the first rung of the career ladder. Affected are a range of young people, from high school dropouts, to college grads, to newly […]
10,000 Applicants for 90 Factory Jobs
October 9th, 2009Via: Courier Journal: In the latest sign of weakness in Louisville-area employment, about 10,000 people applied over three days for 90 jobs building washing machines at General Electric for about $27,000 per year and hefty benefits. The jobs dangle medical, eye care, prescription and dental benefit packages, as well as pension, disability, tuition assistance and […]
Towards Hyperinflation: A Review of the Gold Market in the Context of Western Hyperinflation
October 8th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. DISCLOSURE: I am a BullionVault client and affiliate. Paul Tustain, Director of BullionVault, has written an excellent piece about the nature of cold, the situation with some critical commodities and the potential for hyperinflation in the years ahead. I’d strongly recommend […]
Hotel Defaults, Foreclosures Rise in California
October 7th, 2009Via: Los Angeles Times: More California hotels are being pushed into foreclosure as tourists and businesses alike scale back their travel plans and owners are unable to pay their mortgages. Statewide, more than 300 hotels were in foreclosure or default on their loans as of Sept. 30 — a nearly fivefold increase since the start […]
