Category Archives: Coming Social Unrest

The Committee to Defraud the World

To say now that ‘No one knew’ or ‘I was mistaken’ or ‘I was just doing as I was told’ is another in a series of lies and deceptions that have supported one of the greatest frauds in the history … Continue reading

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Things could get nasty

PR Push Against Strategic Defaulters Underway (Is There a Debtors’ Prison in Your Future?) – 06/12/2010 – Yves Smith

Posted in A State of Distress, A Time To Repent, Banks - Crisis Discussion, Coming Social Unrest, Consumption Ran the Old Economy, Creditors Caveat, Devaluation, Mortgages | Leave a comment

Howdy, Neighbor!

When asked what advice he would give to residents of Ashtabula County Ohio because of cutbacks in official law enforcement budgets, Judge Alfred Mackey said they should: “arm themselves. Be very careful, be vigilant, get in touch with your neighbors, … Continue reading

Posted in A State of Distress, A Time To Repent, Collateral Damage, Coming Social Unrest, Coup d'etat in America, Greenspan is kind of stupid, Insolvency, Let's Call What It Is - DEPRESSION, Our phony middle class, Patience is a virtue...Delusion is a vice, Political Chaos, Ron Paul Stands Tall, Stress Test Mess, Subsidiarity, TARP fruit loops, The Austrian School of Economics, The Consequences of Greed, The Democrats Blew It Again, The Economics of Schumpeter, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The excellent adventures of Ben Bernanke, Those Quarky Accounting Rules, Unemployment Catastrophe, Unindicted Co-Conspiritors, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, Who owns Congress-Still! | Leave a comment

What they knew and when they knew it

“I have to think this train is probably going to leave the station soon and we need to focus our efforts on explaining the story as best we can. There were too many people involved in the deals — too … Continue reading

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Debtors’ Revolt?

he big banks have gotten plenty of help with their debts. But what about struggling households and non-financial institutions? Roosevelt Institute Braintruster Marshall Auerback investigates. Once all the TARPs are tidied up and the quarterly profits no longer a revelation, … Continue reading

Posted in A State of Distress, AIG and all that....., Back to the basics, Coming Social Unrest, Mortgages | Leave a comment

Mr Obama, you are no FDR

….the rulers of the exchange of mankind’s goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by … Continue reading

Posted in A Growing List Of One Term Presidents, Coming Social Unrest, Coup d'etat in America | Leave a comment

Sic transit America?

Flagging: a US sailor stands on the flight deck of the aircraft carrier USS George Washington If a week is a long time in politics, a decade is starting to look like an age in geopolitics. Comparing the America that … Continue reading

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Obama’s Big Sellout

Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for … Continue reading

Posted in A Growing List Of One Term Presidents, A State of Distress, A Time To Repent, AIG and all that....., Analysis & Commentary, Bilderbergers 1 USA 0, Coming Social Unrest, Consumption Ran the Old Economy, Deflation-Inflation-Stagflation, Devaluation, IT'S ALL ABOUT POWER AND MONEY, Insolvency, Is Goldman Sachs Evil?, It starts with a foundation, Political Chaos, Small Business-Bedrock of America, Small Cap Stocks, Smaller Can Be Better, Socialism, TARP fruit loops, The Arrogance of Power, The Consequences of Greed, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Joy of Being A Bank, The Judeo-Christian Political Coalition, The New American Socialism, The excellent adventures of Ben Bernanke, Time For A New Third Party, USA Is the New Japan, Unemployment Catastrophe, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still! | Leave a comment

Société Générale tells clients how to prepare for potential ‘global collapse’

In a report entitled “Worst-case debt scenario”, the bank’s asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems. Overall debt is still far too … Continue reading

Posted in A Changing Europe, A State of Distress, Back to the basics, Coming Social Unrest | Leave a comment

The Big Government Boss isn’t going away

“Hindsight is a wonderful thing,” said Timothy W. Long, the chief bank examiner for the Office of the Comptroller of the Currency. “At the height of the economic boom, to take an aggressive supervisory approach and tell people to stop … Continue reading

Posted in A Growing List Of One Term Presidents, A Shareholder-Not Just a "Stakeholder", A State of Distress, AIG and all that....., Analysis & Commentary, Coming Social Unrest, Commercial Real Estate Bust, Deflation-Inflation-Stagflation, IT'S ALL ABOUT POWER AND MONEY, Is Goldman Sachs Evil?, It starts with a foundation, No Bank Is Indispensable, Obama's Hypocrisy, Our phony middle class, Political Chaos, Regulatory Failures, Small Business-Bedrock of America, Smaller Can Be Better, Socialism, TARP fruit loops, The Arrogance of Power, The Consequences of Greed, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Habits of Hedge Funds, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Joy of Being A Bank, The New American Socialism, The excellent adventures of Ben Bernanke, Unemployment Catastrophe, Unindicted Co-Conspiritors, Wage Deflation, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still!, “the Greenspan doctrine” | Leave a comment

Stimulating Failure

The Job Report: Another month, another drop in payrolls. Will it ever occur to our leaders in Washington that what they’re doing isn’t working – and may actually be damaging our economy? News that the unemployment rate jumped to 10.2% … Continue reading

Posted in AIG and all that....., Analysis & Commentary, Coming Social Unrest, Consumption Ran the Old Economy | Leave a comment

Commercial-Real-Estate Crush: The Next Crisis Not to Be Wasted?

In light of the recent multitude of chances for the population at large to be gently introduced to the shenanigans of our Federal Reserve System, I have hope that the lights may come on for enough people before it is … Continue reading

Posted in Coming Social Unrest, Commercial Real Estate Bust | Leave a comment

Rushing to the Exits?

Bottom Line. The Fed is moving toward the exit as they look toward the conclusion of their securities purchases programs. But it is not clear that such a move is justified by their own forecasts or the inflation/wage/employment data. There … Continue reading

Posted in Analysis & Commentary, Cash Flow, Coming Social Unrest, Coup d'etat in America, Deflation-Inflation-Stagflation, Devaluation, Even the Terminator Can't Help California, Figures don't lie but Liars can figure, If I Only Knew It Was This Easy!, Let's Call What It Is - DEPRESSION | Leave a comment

The Truth About Jobs That No One Wants To Tell You

Unemployment will almost certainly in double-digits next year — and may remain there for some time. And for every person who shows up as unemployed in the Bureau of Labor Statistics’ household survey, you can bet there’s another either too … Continue reading

Posted in A Growing List Of One Term Presidents, A State of Distress, A Time To Repent, Coming Social Unrest, The Disappearing Car Makers, The Financial Elite, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The Sorry State Of American Manufacturing, The Suffering Poor, The excellent adventures of Ben Bernanke, Time For A New Third Party, Truth In Charity, Unemployment Catastrophe | Leave a comment

Unemployment numbers still point to partial recovery

Conclusion: the labor market is till weak, weaker than it should be at this point in a cyclical recovery. Unless this changes in the fall and winter, a double dip recession is going to be more likely. While the preceding … Continue reading

Posted in Coming Social Unrest, Consumption Ran the Old Economy, Deflation-Inflation-Stagflation, Unemployment Catastrophe | Leave a comment

It’s Unemployment, Stupid!

Pittsburgh protesters demand G20 do more for jobs Forbes “We’re not going to accept a jobless recovery,” said Larry Adams, a postal worker who came from Jersey City, New Jersey, for the protest. …

Posted in A Growing List Of One Term Presidents, A State of Distress, A Time To Repent, Back to the basics, China and the Treasuries - A Dependency Relationship, Coming Social Unrest, Consumption Ran the Old Economy, Coup d'etat in America, Death of the Dollar, Deflation-Inflation-Stagflation, Even the Terminator Can't Help California, Figures don't lie but Liars can figure, Important Skills - No Apprentice Programs, Is The Market Rally Real?, New Jersey Recovery?, Obama's Hypocrisy, Our phony middle class, Political Chaos, TARP fruit loops, The Arrogance of Power, The Democrats Blew It Again, The Disappearing Car Makers, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The Sorry State Of American Manufacturing, The Suffering Poor, Time For A New Third Party, Unemployment Catastrophe, Wage Deflation, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still! | 1 Comment

Just so you know

Announced changes in the regulatory landscape, including for hedge funds, private equity, and derivatives and securitization markets, will contribute to an increase in overall credit costs. The secular trend towards lower nominal interest rates, which has sustained financial intermediation and … Continue reading

Posted in Collateral Damage, Coming Social Unrest, Consumption Ran the Old Economy, Creditors Caveat, Death of the Dollar, Deflation-Inflation-Stagflation, Deleveraging | Leave a comment

Spain: Bleak forecast puts unemployment at 22% in 2010

In Spain: Bleak forecast puts unemployment at 22% in 2010, Edward Harrison relates that the recovery in Spain will be later than elsewhere in Europe because of the extent of deleveraging, and unemployment will continue to rise.

Posted in Coming Social Unrest, Global Trade, Political Chaos, The Global Economy, Unemployment Catastrophe | Leave a comment

THE KREMLIN’S POWDERKEG

Moscow’s Troubles in the Caucasus The ongoing ethnic and political tensions between the Caspian Sea and the Black Sea are becoming a threat to the leadership in Moscow. Although the Kremlin garnered respect as a result of its war with … Continue reading

Posted in Coming Social Unrest, The Inherent Disorder of Empires | Leave a comment

The Climate of Fear

Fear itself: “Swine flu is not the only thing we are neurotic wrecks about. Over at the Home Office, ministers warn about the likelihood of an al Qaeda terrorist attack,” says a Daily Mail op-ed on “today’s culture of fear.” … Continue reading

Posted in Climate Politics, Coming Social Unrest | Leave a comment

“Increasingly, the determination of when to default is not guided by the moral question: Is this the right thing to do? It is guided by the pragmatic concern: Am I too far underwater on my mortgage?”

Walking Away When You Can Pay By Kelsey VanOverloop Homeowners are turning to the “strategic default” — walking away from a mortgage even when there are funds available to keep paying. “Increasingly, the determination of when to default is not … Continue reading

Posted in A Growing List Of One Term Presidents, A Saturday Break, A State of Distress, A Time To Repent, AIG and all that....., Back to the basics, Bank Failures, Collateral Damage, Coming Social Unrest, Commercial Real Estate Bust, Coup d'etat in America, Credit Card Debt, Creditors Caveat, Death of the Dollar, Deflation-Inflation-Stagflation, Deleveraging, Insolvency, Integrity and Responsibility, It Is Nice To Be Part of the Elite!, Lending Crisis, Mortgages, Obama's Hypocrisy, Our phony middle class, Residential Market, Sub-Prime anytime, TARP fruit loops, The Arrogance of Power, The Democrats Blew It Again, Time For A New Third Party, Unemployment Catastrophe, We Are All Cooked | 1 Comment