US: Retail Death Rattle Grows Louder

27 May 2014 — WashingtonsBlog

The definition of death rattle is a sound often produced by someone who is near death when fluids such as saliva and bronchial secretions accumulate in the throat and upper chest. The person can’t swallow and emits a deepening wheezing sound as they gasp for breath. This can go on for two or three days before death relieves them of their misery. The American retail industry is emitting an unmistakable wheezing sound as a long slow painful death approaches. Continue reading this...

Michael Hudson: The New Cold War’s Ukraine Gambit

16 May 2014 2014 — Naked Capitalism

By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College. His latest book is “The Bubble and Beyond.” This article is from a new book, Flashpoint in Ukraine, edited by Stephen Lendman. It is currently available from Clarity Press as an e-book, and soon to be printed.

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Can the Top 10% Prop Up the Whole Economy? By Charles Hugh Smith

15 May 2014 — Washington’sBlog

Is the top 10% up to the task of borrowing and blowing enough money to prop up a debt and bubble-dependent economy?

Since the entire economy depends on consumption for its “growth,” and discretionary consumption is financed with either cash or debt, that leads to two questions: 1) who has cash to spend on non-essentials and 2) who is credit-worthy enough to borrow money for non-essentials?

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The Debt Matrix: Consumption and Modern-Day Slavery By Timothy Alexander Guzman

1 December 2013 – Silent Crow News

“Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt” – Henrik Ibsen

According to Oxford Dictionary the term Slave is defined as “a person who is the legal property of another and is forced to obey them” as in the case of the United States during the 18th and 19th centuries where slavery was a legalized institution.  Oxford dictionary also defines slavery as “a person who works very hard without proper remuneration or appreciation” as in today’s world of a person working for a company or corporation where their efforts are usually under appreciated.

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Global financial system may be heading for another 2008 By Nick Beams

2 November 2013 — WSWS

This week’s decision by the US Federal Reserve to continue its $85 billion per month cash handout to the banks and finance houses, in the form of purchases of treasury bonds and mortgage-backed securities, and the likelihood that the policy will continue well into the new year, can only heighten concerns that the global financial system is heading for another crash, possibly on a scale bigger than 2008.

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The Bank Guarantee that Bankrupted Ireland By Ellen Hodgson Brown

3 November 2013 — Dissident Voice

The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the mid-nineteenth century “potato famine” that was really a holocaust. The British got Ireland’s food exports, while at least one million Irish died from starvation and related diseases, and another million or more emigrated.

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New at Strategic Culture Foundation 27 October – 2 November 2013

2 November 2013 – – Strategic Culture Foundation

Who is the USA in Debt to? (II)

02.11.2013 | 00:00 | Valentin KATASONOV

…Switzerland, Belgium, Great Britain, Luxembourg and Ireland each have a bundle of securities amounting to more than USD 100 billion, and each of them has external debt that far exceeds their GDP… It is one of the main indicators of Europe’s dependence on the United States. And more than that, a number of European countries are not just tributaries of America, they are still acting as tax collectors for the US in other countries. Tiny Luxembourg, for example, purchased US Treasury securities totalling almost USD 150 billion, with a GDP of less than USD 47 billion. Luxembourg is a typical tax collector. It borrows money from other countries on a colossal scale, while Luxembourg’s external debt exceeds its GDP by 46 times!.. Continue reading this...

The European Union and Greece: the Murder of a Nation By Anna FILIMONOVA

10 August 2013 — Strategic Culture Foundation

At the end of July, eurozone deputy finance ministers approved another transfer of money to Greece to the tune of EUR 6.8 billion (it had previously been thought that Athens would be allocated EUR 8.1 billion). Several days earlier, meanwhile, the Greek parliament approved the latest in a series of legislative acts, the adoption of which had been a condition of receiving money from international creditors – the International Monetary Fund, the European Commission and the European Central Bank. Continue reading this...