Archive for the 'Collapse' Category
Flint, Michigan: Government Considering Abandoning Parts of City, Cutting Off Police and Fire Service
March 31st, 2009Via: Mlive: Look in any direction from Bianca Bates’ north Flint home, and you’ll see graffiti-covered siding, boarded-up windows and overgrown lots. About half of the homes on her block are burned out or vacant magnets for drug dealers and squatters. It isn’t where she thought she’d end up, but it’s all she can afford […]
Obama on U.S. Automakers: “Starting today, the United States government will stand behind your warranty.”
March 30th, 2009My initial commentary on this story was: “Run. Take whatever you can carry and run. Get out of the U.S. now.” But then I thought, “People will be too busy pissing themselves laughing to run for their lives.” Via: Reuters: GOVERNMENT WARRANTY It is my hope that the steps I am announcing today will go […]
Economist Intelligence Unit: Manning the Barricades
March 28th, 2009Here are EIU’s probabilities on how the economic crisis will unfold: Scenario 1: Stimulus stabilizes system — 60% chance Scenario 2: Stimulus fails, leading to depression — 30% chance Scenario 3: Dollar collapse, social unrest, violent protest — 10% chance If I was forced to guess, these would be my numbers: Scenario 1: Stimulus stabilizes […]
Space Storm Alert: 90 Seconds from Catastrophe
March 27th, 2009Via: New Scientist: It sounds ridiculous. Surely the sun couldn’t create so profound a disaster on Earth. Yet an extraordinary report funded by NASA and issued by the US National Academy of Sciences (NAS) in January this year claims it could do just that. Over the last few decades, western civilisations have busily sown the […]
European Union President Calls U.S. Plans to Spend Its Way Out of Recession “A Road to Hell”
March 25th, 2009Via: AP: The president of the European Union on Wednesday slammed U.S. plans to spend its way out of recession as “a road to hell.” Czech Prime Minister Mirek Topolanek, whose country currently holds the rotating EU presidency, told the European Parliament that President Barack Obama’s massive stimulus package and banking bailout “will undermine the […]
Britain: Bond Auction Fails
March 25th, 2009Via: Bloomberg: U.K. gilts slumped after demand at an auction of bonds fell short of the amount offered, the first time the Treasury failed to attract enough bids at a sale of regular debt in 14 years. Investors bid for 1.63 billion pounds ($2.4 billion) of the 40-year securities, less than the 1.75 billion pounds […]
Japan: Automakers Report Plunging Sales
March 25th, 2009Via: IHT: Toyota Motor said Tuesday that its global production had plunged by nearly half in February from a year earlier, while Honda and Nissan reported similarly grim figures highlighting the troubles facing Japanese automakers. Separately, the Japan Automobile Manufacturers Association said auto sales in Japan for the fiscal year through March 2010 were expected […]
U.S. Seeks Expanded Power to Seize Firms
March 24th, 2009Via: Washington Post: The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document. The government at present has the authority to seize […]
Frontline: The Medicated Child
March 23rd, 2009Is there something more at work here besides chasing profits? The diabolical nature of this seems to go beyond the usual chasing profits explanation. This has an inky black, low murmuring evil feel to it. Echoes of Dr. Mengele. Also, pay attention to the “food” that these people are ingesting, and the physical appearance of […]
Department of Homeland Security Investigating Large Ammunition Purchases
March 23rd, 2009Via: Post Star: Everyone interviewed by The Post-Star for this story agreed ammunition of all calibers has gotten tougher to find, as gun owners stock up. Prices skyrocketed in recent years as metal prices went up, which caused many gun owners to stock up in anticipation of rising ammunition prices. There are also concerns that […]
