Archive for the 'Collapse' Category
Nationalization of U.S. Auto and Other Industries Will Expand
January 1st, 2009Via: Bloomberg: The U.S. Treasury drafted broad guidelines for aid to the auto industry that would let officials provide funds to any company they deem important to making or financing cars. With today’s announcement, the Treasury is giving itself room to provide money from the Troubled Asset Relief Program beyond loans already committed to General […]
U.S. Stocks Suffer Worst Year Since Great Depression
January 1st, 2009Yeah, well, not quite, “No one.” * snort * Via: Financial Times: The worst annual performance for Wall Street stocks since the Great Depression ended with a modest rally on the final day of trading as the Federal Reserve pushed ahead with its plan to buy mortgage-backed securities. The central bank’s plan to buy up […]
Car Market Total Collapse
December 31st, 2008Apologies, I wasn’t able to determine the source of this. Scott found the source: BBC: California’s Car Crisis: Scott also sent: Fly over UK’s biggest car park. Chilling. Must see.
Rice: People Will Soon Thank Bush for What He’s Done
December 29th, 2008Bitch, please. Via: CNN: Secretary of State Condoleezza Rice said that despite President Bush’s low approval ratings, people will soon “start to thank this president for what he’s done.” “So we can sit here and talk about the long record, but what I would say to you is that this president has faced tougher circumstances […]
Hiring Window Is Open at the Foreign Service
December 25th, 2008Besides the rhetorical reasons for this, it might also indicate A) that the U.S. is increasingly going to be relying on the kindness of others to survive, which will require diplomatic personnel at multiple levels, and B) that some very major changes are afoot with regard to the North American Union, the Amero and other […]
Bailiffs Get Power to Use Force on Debtors
December 24th, 2008Via: Times Online: The government has been accused of trampling on individual liberties by proposing wide-ranging new powers for bailiffs to break into homes and to use “reasonable force” against householders who try to protect their valuables. Under the regulations, bailiffs for private firms would for the first time be given permission to restrain or […]
Quantifying Overextension—America’s “Predicament”
December 24th, 2008I doubt that any of you need to see a quantitative analysis about how overextended America is. So why post this? Cryptogon is not about trying to change society, popularity contests, group think circle jerks, or lobbying politicians on the ship of fools to make minor course corrections on the way to oblivion. At this […]
NEW ZEALAND FOREIGN DEBT SITUATION CRITICAL: “ADJUSTMENT” IMMINENT, WILL BE FORCED ON THE COUNTRY IF NECESSARY
December 23rd, 2008If you’re holding NZD, know that the scheme relies heavily on two factors: 1) The price of milk. Milk solids, actually. That’s right. If milk solids tank, watch out. 2) Japanese carry trade investors. High dairy prices are part of the reason why the New Zealand Dollar is an attractive carry trade destination for Japanese […]
Detroit: Convicts Trying to Get Back Into Jail; Better Than Freezing or Starving to Death
December 23rd, 2008A different view of Detroit: Earthworks Urban Farm Urban Farming Takes Root in Detroit Via: AP: It’s a sign of tough times in the Detroit area where outreach experts say recently freed inmates are making a conscious decisions to get thrown back in jail. The experts say that for some, the relative security of a […]
JAPANESE EXPORTS PLUNGE RECORD AMOUNT
December 22nd, 2008Via: AP: Japanese exports plunged a record 26.7 percent in November, the Ministry of Finance said Monday, highlighting the drop in global consumer demand for automobiles, electronics parts and other Japanese products. Economists warned that exports — a mainstay of the world’s second-largest economy — would tumble further with no recovery in sight for the […]
