I must confess to a deep-seated anger at just how insultingly stupid the world has become. As a sufferer of crisis fatigue I can be caught exclaiming You have got to be kidding me!!? several times per day, or perhaps shouting How dumb do they think we are?
Three choice outbursts came last week as I read Bernanke’s new blog and came across statements like this one:
Learn about 10 essential items to keep in your car or truck that can help you greatly during a roadside emergency.
Rocks & stone can be a great addition to a garden or an orchard. Most gardeners will take the rocks out of their garden, but many times that is a mistake. In “Sepp Holzer’s Permaculture”, Sepp Holzer tells a story from his childhood about how he had the earliest, sweetest, biggest strawberries that he grew in a rocky area. He noticed his best strawberries were closest to the stones.
- What's the limit to the planet's growth?
- Savers suffer as banks cut deposit interest rates
- Drug-Resistant Food Poisoning Lands In The U.S.
- Who’s To Blame For The Oil Price Crash?
- U.S. sardine fishery on West Coast to be shut down, scientists warn of collapse
- Cakifornia Drought Tests History Of Endless Growth
- Happy As A Pig In Mud
- Fields Of Toxic Pesticides Surround The Schools Of Ventura County
Wide sidewalks and well-marked crosswalks make walking comfortable in Arlington's busy Clarendon district. Photo credit: Arlington County.
We know that we have big problems: The climate situation is dire, inequality is on the rise, democracy’s been captured by corporations, and we have unprecedented numbers of people locked up in prisons and jails. When we try to chip away at these problems, what often happens is that we take one step forward and two steps back. We try to crack down on predatory mortgage lending with some new regulations and speculative finance decides to just become corporate landlords.
Top image: Seats2Meet Utrecht.
Richard Duncan, author of The Dollar Crisis and The New Depression: The Breakdown Of The Paper Money Economy, isn't mincing words about the risks he sees ahead for the world economy.
Essentially, he sees the past 50 years of economic prosperity fueled by globalization and easy credit in serious danger of being unwound, as the doomed monetary policies currently being pursued by the word's central banks result in a massive multi-decade depression that spans the globe.
- Iceland looks at ending boom and bust with radical money plan
- This Is What The AIIB Is About
- An Iran Nuclear Deal Built on Coffee, All-Nighters and Compromise
- For-Profit Colleges: Here to Stay
- The American West Dries Up
- Marathon Catlettsburg Oil Workers Reach Agreement to End Strike
- As Quakes Rattle Oklahoma, Fingers Point to Oil and Gas Industry
There are just three weeks left to go until the only Peak Prosperity seminar being offered within the US in 2015.
And something must be in the air this year, because we're seeing record advance registrations compared to years past.
By using a natural ingredient found in your spice cabinet - you too can stop an invasion of ants into your home.
- Ukraine's Children Of War
- Dublin Residents Question Timing Of Building New $35 Million Water Park (California)
- Facebook tracking of online activity breaches EU law, report says
- U.S. Economy Gained 126,000 Jobs in March, an Abrupt Slowdown in Hiring
- Delayed Effects Of Sanctions Could Prolong Russian Recession
- California Imposes First Mandatory Water Restrictions to Deal With Drought
- If Californians want to really conserve water, they should cut down on coffee, rice, and beef
- The Real Cost Of California's Drought
In this week's Off the Cuff podcast, Chris and Mish Shedlock discuss:
- Economic Slowdown
- Economic growth is fast disappearing all across the world
- The Evils Of The Banking System
- Corrupt & corrupted; we need a return to old-school fiduciary stewardship
- Chicago Blues
- A case study for the fraud & rot soon to appear in cities across the US
- Fracking's Legacy
- From poisoned water tables to earthquakes
Learn about 10 beautiful flower varieties that make great companion plants for all the veggies growing in your garden.
We are at an important juncture as a global society: either we immediately prioritize a new trajectory focused on creating a positive, functional future or -- by continuing the consumptive, extractive, exploitative status quo -- we will default into a nasty nightmare.
- The real (and growing) risk of one or several systemic breakdowns
- What to expect during a breakdown of our
- Energy systems
- Environmental systems
- The importance of intelligent stewardship, and focusing on controlling the variable you can
If you have not yet read Part 1: If We're Going To Borrow Against The Future, Let's Borrow To Invest available free to all readers, please click here to read it first.
But what if don’t invest in our future as outlined in part I? What if the powers that be and system-wide inertia combine to simply deliver us more of the same going forward?
What if we simply have a profound failure of leadership and none of that good stuff happens, and the next round(s) of QE simply fatten up the trading profits of large banks and hedge funds?
One sign you’ll have that we’re headed nowhere fast in the US is if the next election for president involves a Bush and a Clinton. That will be a choice between status quo option A and status quo option B, which is no choice at all.
As Winston Churchill said about Americans, you can always count on them to do the right thing…after they’ve tried everything else.
Unfortunately, we don’t have time in this story to try everything else first and if we don’t do things differently, then I see no other outcome besides a huge, systemic breakdown occurring across...
- McDonald’s to Increase Hourly Wages, Offer Paid Vacation
- McDonald's Wage Hike Is Thanks to the Economy, Not the “Fight for $15”
- Stuck In Seattle
- Apple eaters visit the doctor just as often as everyone else, study finds
- Gold's Bull Market In Europe and Japan Remain Unnoticed
- Scotland Pulling Out All The Stops To Save North Sea Oil & Gas
- What Your Garden Can Teach About Cities
- Sharks, snakes and giant squid: Climate change driving exotic species north into B.C., but killing others
Image credit: BloombergView
9 incredible ways to naturally bring pain relief to those suffering from sinus pain or a sinus infection. Make sure to have the the various herbs, components and a neti pot available before you need them.
- Argentine workers walk out in general strike over taxes
- Making full pension payment would have 'incredible' impact on N.J. residents, treasurer says
- York, Pa.’s fiscal distress sign of statewide municipal pension crisis
- Treasuries Post Longest Quarterly Streak of Gains Since 1998
- Panel asks state to absorb $350M in Detroit school debt
- Atlantic City requests two month extension on $40 million loan from state
- Chicagoans Owe City $1.5 Billion In Parking, Driving Tickets
- Household debt growth gains speed
- Thai household debt rises to record 85.9% of GDP at end-2014: central bank
- Brazil posts unexpected primary deficit in February
- As pressure from lenders grows, Greece says debt repayment impossible without restructuring
- Who pulled out the plug? The 'bathtub ring' on the banks of the Colorado river that's thousands of miles long
- East Bay Residents Complain About Water Taste After EBMUD Makes Drought-Related Changes
- As Drought Worsens, Restrictions on Pools Rise in California
- Jumping on junk: Investors crazy for high yield bonds
- No End in Sight for Bond Rally as ECB Spigot Spills Across Globe
- This digital currency has an unusual gold spin
- Southeast Asian borrowers wince as deflation looms