Tag Filter: Financial Crisis

US, UK, and Canada Have Plan To Allow Banks to Seize Depositor Accounts

By Sean | Published: April 4, 2013

In our last story, we noted how government backed loans in the housing market encourages rising home and rent prices throughout the nation, a transfer of wealth from almost every single American to various establishment organizations. Now we have another example of banks transferring risk to the taxpayer.
The term “Too Big To Fail” should have [...]

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Government Pushes For a New Housing Bubble; Backs Subprime Loans With Taxpayer Dollars

By Sean | Published: April 4, 2013

The divide between what the majority of people want verses what the establishment wants is never greater than it is when discussing property values. Those who have assets want them to rise in price, while the poor and those just starting out want lower prices they can afford. Of course, they have no political power. [...]

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James Howard Kunstler on PeakProsperity.com

By Sean | Published: February 16, 2013

This is a repost from Chris Martenson’s website PeakProsperity.com where he interviews author James Howard Kunstler on the state of the US society and economy. It’s a great interview and worth reposting here for posterity. Kunstler touches on a lot of themes, most notably the ongoing collapse of key infrastructure which amounts to an ongoing, [...]

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Alien vs Predator: Election 2012 Post-Mortem

By Sean | Published: November 7, 2012

“Whoever wins, we lose.”
That was the tagline for 2004’s critical bomb Alien vs. Predator where two franchises battle on Earth for supremacy. I haven’t seen it, but looking at the recent election, there seems to be something to the comparison — powerful forces fighting each other for control of the planet, it’s current inhabitants irrelevant or [...]

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A Few Thoughts on Ryan & the Catholic Church

By Sean | Published: August 13, 2012

Normally, I prefer not to comment on the traditional political discourse, mostly because these days, politicians are all the same. The two parties ultimately serve the same “Washington Consensus,” that is, corporate interests who in turn control the money power. Political personalities like Obama and Romney only look radically different because they argue very intensely [...]

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There’s No Conflict of Interest Here You Idiots

By Sean | Published: July 27, 2012

In an article titled “GOP Senate Nominee Would Profit From Government Default“ Talking Points Memo reports that Ohio Senate nominee Josh Mandel has a short position on US Treasury bills. The candidate’s stated position is to “stop raising the debt ceiling.” The site argues that if the debt ceiling is not raised, the US would [...]

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David Stockman: We Will Suffer One Crisis After Another

By Sean | Published: July 16, 2012

We hear a lot these days that due to high levels of sovereign and private debt, we will be unable to avoid a massive financial collapse, reshaping the world as we know it. Usually, proponents argue the collapse will happen quickly, bringing about a short term political vacuum and by necessity, a new economic model. Odd as [...]

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The Healthcare Industry is Doomed to Collapse

By Sean | Published: June 27, 2012

Indeed it is and it will take with it any sucker foolish enough to enter the industry. Like the housing bubble and the dot-com boom, its collapse goes against all conventional and establishment thinking, but it’s an easy call to make if you examine the evidence.
At first, the industry looks healthy, robust and likely to [...]

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Word of the Decade: Unsustainability

By Sean | Published: May 22, 2012

If there is any one word that will define the next 5 years, I would argue that it is “sustainability” or more specifically, “unsustainability.” We are going to be repeatedly forced into discussing this because like it or not, much of what we do is unsustainable.
Our society is in denial.  We look at big trends [...]

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What Experts Say About the JOBS Act

By Sean | Published: April 10, 2012

The Jumpstart Our Business Startups Act or JOBS Act was passed last Thursday to no great fanfair, but we wonder if it may yet go down in history alongside Gramm-Leach-Bliley as a law which helped set the stage for  ’pump and dump‘ bubble schemes and financial fraud. To put it another way, its a bad law, one [...]

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