Tag Archives: banking

The 2008 Financial Crisis Will Happen Again (Probably In The 2020s)

Forty reasons: Risk-taking alpha males. Coke using. Hookers. Nihilism. Amorality. The rich will turn their backs on society. Emotional blackmail: “You need us! Without us the economy will crash!” Abusers of the financial system will have well-prepared lawyers. The culture … Continue reading

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Peak Oil?

The Guardian today appears to have a big news scoop: The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a … Continue reading

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Things Are Looking Up?

President Barack Obama has got to be pleased about this. The New York Times today: “Six months ago, when the president took office, we were talking about whether recession would become depression,” Lawrence H. Summers, the White House’s top economic … Continue reading

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Nouriel Roubini Says: “NATIONALIZE THE BANKS”

The highly respected (and right so far) economist, Nouriel Roubini (“Dr. Doom”), is now advocating the nationalization of the banks, stabilizing them, and then reselling them back into the private sector. Read his argument for doing this (in a piece … Continue reading

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$3000.00: The Amount Each American Man, Woman, and Child Will Borrow This Week to Bail Out Wall Street and International Investment Gamblers

$3,000.00 That’s the amount being taken out of each and every individual American’s pocket, counting children, and is being placed into the pockets of Wall Street investment gamblers. Talk about socialism for the rich. Can we at least get a thank you? Here’s … Continue reading

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