Saturday, February 06, 2010

First Comes Soaring Interest Payments, Then Inflation, Then Default, Then War

From Jenna Orkin

Global Collapse
Faber: First Comes Soaring Interest Payments, Then Inflation, Then Default, Then War
UK forces prepare for biggest Afghan offensive since 2001
The US Fiscal Problem Is A Ticking Timebomb, And Obama Lacks The Political Capital To Deal With It
Africa's illicit money sent to Western banks
Nonperforming Loans in China Rise to "Trillions of Renminbi"
US in line of fire as China gets tough
Retaliation threatened after arms sales to Taiwan, and Beijing ready to stand alone over Iran sanctions
Terrorists gaining cyber war upper hand Geithner: We're All Good Because China Will Save Us And Let The Yuan Strengthen
The Scariest Jobs Chart Ever
Here's Why The Real Jobs Loss Number Was 5x Worse Than What The BLS Reported (from Rice Farmer)
Commodities In A Freefall, Oil And Gold Take Huge Hits
Yesterday it was "Markets in freefall..."
Bill Gross: We're looking at subprime all over again
AAA ratings are vanishing all over the place
Goldman: If Greece Is Handled Wrong, All Of Southern Europe Will Fall Like Dominos And 30% Of Euro GDP Would Be At Risk
7 US States That Are Worse Off Than Europe's PIIGS
Market Collapse Day II: Equities And Commodities Now Falling Hard
The Fed Makes Screaming Invitation To Housing Bubble Speculators By Promising To Restart Mortgage Support If Rates Rise
Hey Taxpayers! Get Ready To Bail Out The FHA
Why The Next Round Of Government Stimulus Will Only Make The Jobs Crisis Worse
Credit binge bites with 134,000 insolvencies UK
G7 meets in Arctic with euro debt woes top of agenda
Interesting venue for a mid-winter meeting.
Japan tells G7 Tokyo focusing on China
Swiss Central Bank Mysteriously Intervenes In Its Currency Market, Causing Chaos
Eliot Spitzer to make comeback? (from Rice Farmer)
Goldman Parachute Awaits Geithner to Ease Fall
$170 billion of federal funds went to AIG and the banks feeding at its trough. Meanwhile, a survey of state finances by the Center on Budget and Policy Priorities think tank found that state governments face a collective $168 billion budget shortfall for fiscal 2010.
Secessionist Campaign For the Republic of Vermont
10,000 insolvencies month UK
Hans-Olaf Henkel, a German Architect of Global Collapse

US in line of fire as China gets tough
Retaliation threatened after arms sales to Taiwan, and Beijing ready to stand alone over Iran sanctions
The West Turns Against China, As Europe Sells Helicopters To Taiwan
Thousands Protest in Tokyo Against US Military Presence in Japan
Anti-Semitic incidents at record high in U.K.

China threatens world health by unleashing waves of superbugs (from Rice Farmer)
Pentagon's New Bag: 'Synthetic Organism' With Off Switch
Police Want Back Door to Web Users Private Data
Terror Suspect Kept Visa to Avoid Tipping Off Larger Investigation
London Conference on Afghanistan
Sound familiar? The BAE scandal, and the parallels with the Iraq war

Crippling power shortage continues in Philippines
EU raises biofuel threat to rainforests
Arctic ice melt is faster than thought, ecosystem in peril
Think-tanks take oil money and use it to fund climate deniers
Africa's illicit money sent to Western banks
Electric Charge Can Change Freezing Point of Water
Climate makes money move in mysterious ways


Paul F said...

Is There an Ecological Unconscious?

Paul F said...

Also, for anyone who has yet to see this brilliant documentary, this is the 'Real Life' Avatar, "The Coconut Revolution" (be careful, this will provide hope);

RanD said...

If one collective statement can be made of the information provided by the links of FTW's Saturday, February 06, 2010 post it would say: "The world we humans created for ourselves and are still desperately trying to continue living in is rapidly proving itself one big fat fraud."

RanD said...

We borrowed the following from one of our new-found family members:

"Today I decided I was a Universal Sufi, then I went out and bought a 10 pound ham. It was on special.

"There is a woman to the east of me somewhere, who saves breeds of domesticated pigs that aren't productive enough for factory farming. These friendly, intelligent, cheerful animals live relatively happy lives until they're old enough to be slaughtered. Her rationale is that these creatures as domesticated breeds are our history and our responsibility, and that allowing them to die out because they don't fit a corporate paradigm is an obscenity. I agree.

"And then, there's the poor fellow who partially ended up in my refrigerator. I can't speak for the quality of his or her life, except that it probably wasn't very good. But bless you, whoever you were, your fear and pain were not for nought, for thou art with me now, and may thou be exalted in me, forever if thou choose, or for a day if not.


Peter J. Nickitas said...

Jenna & MCR:

More on China imploding:

Peter J. of Minneapolis

Emissary said...

Thats quite an interesting Documentary Paul F . But to me its not as uplifting as it seems . Their reliance on a deity and what seems to already be a schism within the hierarchy of leadership leads me to believe that the good work done will be for nothing. The election of any type of leader will always lead to corruption. I really hope I'm wrong but to me this just shows humanities problems of over reliance on leaders , be they men or Gods.

It bothers me that if PNG manages to infiltrate the political system of these people with economic hitmen and convince the people they need things that they don't actually need, we will just see a carbon copy of every single countries "evolution" towards the problems we ourselves face.

As i said, I hope I'm wrong. Thanks for the link though it was a very thought provoking watch.

gamedog said...

Branson warns that oil crunch is coming within five years

• Virgin chief and fellow business leaders call for action
• Energy crisis threatens to be more serious than credit crunch

"Ministers have until now refused to take predictions of oil droughts seriously, preferring to side with oil companies such as BP and ExxonMobil and crude producers such as the Saudis, who insist there is nothing to worry about.

But there are signs this is about to change, according to Jeremy Leggett, founder of the Solarcentury renewable power company and a member of a peak oil taskforce within the business community. "[We are] in regular contact with government; we have reason to believe their risk thinking on peak oil may be evolving away from BP et al's and we await the results of further consultations with keen interest."

Now the AGW/carbon credit scam is being aired in the MSM (Uk & Aus at least) will we see renewed main stream interest in Peak Oil? I wonder if we'll start to see comments about how carbon credit schemes are the only solution to the problem.