California, New York and other states are showing many of the same signs of debt overload that recently took Greece to the brink — budgets that will not balance, accounting that masks debt, the use of derivatives to plug holes, and armies of retired public workers who are counting on benefits that are proving harder [...]
Insanity of higher education
For years we have been told that in order to be successful in life is to go to school, get good grades, have a great degree and you are set for life. Looking around for the past few years, we instead see students graduating with degrees and settling for a job at a fast food [...]
The Global Economic Collapse
The Global Economic Collapse: Part 1 of 3
Who will pay for the public debt?
Here is a great article discussing how the increasing national debt will be paid off by everyone. Let me breakdown how I see the situation with the national debt, taxes, bailouts and how it will result in. The banks and major corporations around the world were involved in risky and questionable investments, and as a [...]
20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover
Even though the U.S. financial system nearly experienced a total meltdown in late 2008, the truth is that most Americans simply have no idea what is happening to the U.S. economy. Most people seem to think that the nasty little recession that we have just been through is almost over and that we will be [...]
U.S. Unemployment Visualizations
An eerie look into the worsening problem of unemployment in the United States. The worst job losses since the great depression look even worse when seen as a visual time lapse. Time-Lapse Visualization Of U.S. Unemployment Original source Job Loss Map 2007-2009 Original Source
US May Face ‘Armageddon’ If China, Japan Don’t Buy Debt
The US is too dependent on Japan and China buying up the country’s debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC. “It’s almost Armageddon if the Japanese and Chinese don’t buy our debt,” Robertson said in an interview. “I don’t know where we could [...]
Why This Fall and Winter Could Get Ugly
Since March of this year, we have seen growing consensus and excitement from the mainstream media and government about an economic recovery underway. Scattered economic indicators are released and spun in a positive light when they are proportionally minuscule improvements compared to the declines already experienced for each given indicator. They typically use this sugarcoated [...]
Revolution, flashmobs, and brain chips. A grim vision of the future
The MoD predicts more use of chemical weapons. Photograph: Paul J Richards/EPA Information chips implanted in the brain. Electromagnetic pulse weapons. The middle classes becoming revolutionary, taking on the role of Marx’s proletariat. The population of countries in the Middle East increasing by 132%, while Europe’s drops as fertility falls. “Flashmobs” – groups rapidly mobilized [...]
US Economy on a Respirator
The dollar is reaching record lows as the economy is looking grimmer every day. Right now the US economy is struggling to catch it’s breath, needing assistance simply to function normally. The Euro is now at an all time high compared to the United States dollar. Oil and gold prices are at an all time [...]
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