A Perfect Storm is Brewing

[aka Calum Da Jazbo]

Reading across the economics pages this weekend makes for a very depressing outlook ....

The USA is at the brink on the debt ceiling but nowhere on tackling the deficit

The EU is sticking unsticky plaster over Greece and the prospects in Portugal, Spain and Italy

The UK faces a major problem with its Debt, which will soak the yield from any growth [if any]

Bond and other markets [the usual suspects in the Global Casino] are likely to drive us all into a rerun of 2008 but without the $trillions to re-bail the situation

HACKGATE, Norway and Winehouse have dominated all the headlines in recent weeks, but the economic threat is chillingly large, imminent and likely ......

[Mahlerei]

Hemlock, anyone?

[Chris Newman]

There are those who refuse to come to an agreement in the US as it is a quick way to a new Presidential election and hope to cash in on the fall of Obama. They are prepared to bring down the world economy to get their hardline candidate(s) in the running.

[Mahlerei]

Chris

I fear you're right; the Republicans seem hell-bent on rolling back Obama's health-care reforms and giving tax breaks to those who are already obscenely rich.

[teamsaint]

welcome to the future. Fear, debt, endless crisis.

only money around pays for wars. read 1984 and shiver.

Sad days, brought on by a tiny and utterly ruthless elite.

[Serial_Apologist]

We could all of course do without the existing money-go-round; there will probably come some point where production goes back to creating use-values; but we would still need some equivalent for accounting purposes.

[burning dog]

I'm not a fan of ex PM Incapability Brown, but every letter to the Daliy Mail (I read it cos it's in the Caff ..honest guv!), regardless of subject starts with 'I know Gordon Brown ruined the ecomony but....' then continues with a letter about how nice the Queen's hat was or whatever. Gordon Brown musta been something if he's responsible for all the other countries Sh!t as well. Don't remember the Tories sayng much anyway, except they wanted even more deregulation.

[aka Calum Da Jazbo]

i do wish the twentieth century would finally finish ..... the end of the cold war was a great 'geophysical event' like the end of an ice age, and all that was held back has surfaced [islamic fundamentalism, 'small' wars that would have been unthinkable e.g. Iraq] and with the collapse of the soviet side a triumphalist neo-con deregulation of greed and imperialism that ruined half or more of the world like a great tsunami which is now flowing back out to sea having ravaged the landmass on its way inland ... alas it may take another generation or two until a new stabler phase settles itself [and it it will not of necessity be benign] yep we should all re-read Orwell ....

touching on prescience, i see Vince is having a good bash at the banks again, clearly a politician who is at least three months ahead of his colleagues - they will never forgive him ..

[aka Calum Da Jazbo]

it's the tax cuts stupid ....

[Mahlerei]

I see Boehner and his fellow Republicans got their figures all wrong and have been forced into a humiliating retreat.

And the clock ticks on....

[aka Calum Da Jazbo]

the west is playing pass the parcel with debt, it starts with the banks, becomes government and is now 'ours' .... except in Spain and Greece 'we' are not taking it .... governments in the USA and EU are getting a bad press for poor leadership, indecisiveness and ineptness [Italy?] ... the casino shorts a falling market and the working population lose more income ...


watching that abysmal The Tudors last night i was reminded that one of our great reformations released a lot of wealth into the royal coffers, perhaps we should regard the casino players as the new monasteries of neo-liberalism and transfer their wealth into the public coffers and tax the corpocats [better than beheading bishops etc]

[Lateralthinking1]

No, I would prefer the "putting them in a public coffin" approach. Genuinely. And while the "mainstream" British line will be that this is an international problem - the lack of any statement of note means that they are scribbling away in their weasel cages - an FOI enquiry about the total bill to the taxpayer of Government economists is long overdue.

Really, they should be being given away with every pound of bananas purchased in the Strutton Ground market. In fact, is it too late to reopen a couple of asylums - the rare ones that were designed for particularly sadistic types who were a constant danger and menace to the general public?

Ultimately, it might also protect them from themselves. I've come round dramatically to the idea of sticking human heads on poles and very much doubt if I am alone in this logic.

[Lateralthinking1]

.....I am so very cross, I almost feel like saying "anyone want to know more about rendition flights?". Regrettably, I will probably stay sensible enough in my own interests not to speak of the matter further.

[eighthobstruction]

Don't Panic !

[Lateralthinking1]

Let's not have any of that sort of talk here. We're not savages, we're British.