Archive for the 'Collapse' Category
Riots in Iceland, Latvia and Bulgaria Are a Sign of Things to Come
January 21st, 2009Via: Times Online: Icelanders all but stormed their Parliament last night. It was the first session of the chamber after what might appear to be an unusually long Christmas break. Ordinary islanders were determined to vent their fury at the way that the political class had allowed the country to slip towards bankruptcy. The building […]
Life in Russia: Photos by Aleksey Petrosian
January 21st, 2009Large gallery on EnglishRussia.
Jim Rogers: ‘Sell Any Sterling You Might Have. It’s Finished’
January 21st, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Sterling holders, consider reducing or eliminating your exposure to GBP denominated assets immediately. —Cryptogon, 18 September 2007 A bit late, don’t you think, Jim??? I’m glad that some Cryptogon readers in Britain have defended themselves by turning their pounds into gold […]
Spain Downgraded by S&P
January 19th, 2009Via: Bloomberg: Spain had its AAA sovereign credit rating removed by Standard & Poor’s in the second downgrade of a euro-region government in five days, as the country’s first recession in 15 years swelled the budget deficit. The risk of losses on Spanish government debt rose to a record today, credit-default swaps showed, after S&P […]
Juarez Vigilante Group Claims it Will Kill One Criminal Every 24 Hours
January 19th, 2009If the nightmare of Juarez is unfamiliar to you, check out, While You Were Sleeping by Charles Bowden. That’s from 1996. Via: El Paso Times: A group calling itself the Comando Ciudadano por Juárez, or the Juárez Citizens Command, is claiming it will kill a criminal every 24 hours to bring order to the violent […]
Circuit City to Close 567 Remaining U.S. Stores; Layoff 34,000 People
January 19th, 2009Via: Los Angeles Times: Bankrupt Circuit City Stores Inc. said Friday it was closing its 567 U.S. electronics stores and leaving its 34,000 employees jobless as the nation’s employment picture grew bleaker. It was the worst day this year for news of layoffs, bank losses and store closings, and employers signaled more bad news ahead.
RBS SLAUGHTERED: “FULL-SCALE NATIONALIZATION” NEXT
January 19th, 2009Via: Bloomberg: Royal Bank of Scotland Group Plc said it may post a loss of as much as 28 billion pounds ($41 billion), the biggest ever reported by a U.K. company, as the credit crisis worsens. The stock slumped as much as 46 percent. Britain’s biggest government-controlled bank may post a full-year loss before exceptional […]
UK: Budget Food
January 19th, 2009In the “developed” world, poor people are victims of their own ignorance and bad habits as they are of the predatory nature of the confetti currency system. I’ve seen the way poor people eat in various parts of the “developed” world and that diet, in my opinion, represents a death sentence; a program of genocide […]
California to Delay Tax Refunds; Cut Off Aid to Elderly, Blind and Disabled People
January 18th, 2009Via: Mercury News: California’s budget meltdown is about to hit home for millions of taxpayers awaiting their refunds and people who depend on the social safety net to survive, a top state finance official warned Friday. Controller John Chiang, who is responsible for managing the state’s cash flow, plans to delay $3.7 billion in payments […]
The Bank of England Will Be Able to Print Extra Money Without Having Legally to Declare It
January 15th, 2009This is the most insane thing that I’ve read on the economic front in a long time. Is the goal to destroy what remains of the pound to bring in the euro, ordo ab chao style? Can anyone out there think of a better explanation? Via: Telegraph: The Bank of England will be able to […]
