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Tag Archives: Debt
Americans Have Already Skipped Payments On More Than 100 Million Loans, And Job Losses Continue To Escalate
By Michael Snyder Source: Economic Collapse Blog Those that have been hoping for some sort of a “V-shaped recovery” have had their hopes completely dashed. U.S. workers continue to lose jobs at a staggering rate, and economic activity continues to … Continue reading
Re-Opening the Economy Won’t Fix What’s Broken
By Charles Hugh Smith Source: Of Two Minds Re-opening a fragile, brittle, bankrupt, hopelessly perverse and corrupt “normal” won’t fix what’s broken. The stock market is in a frenzy of euphoria at the re-opening of the economy. Too bad the … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Debt, Economic Collapse, economic inequality, Economics, financial crisis, Infrastructure, Oligarchy, Productivity, Stock Market, Wage Stagnation
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No, This Is Not Another 1929, 1973, 1987, 2000, or 2008
By Charles Hugh Smith Source: Of Two Minds Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly. Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation … Continue reading
Posted in Corporate Crime, Corporate Welfare, Corruption, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Inequality, Neoliberalism, news, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Cartels, central banks, coronavirus, Covid-19, Debt, Dystopia, Economic Collapse, economic inequality, Economics, financial crisis, Financialization, Globalization, Great Depression, Monopolies, Neofeudalism, Oligarchy, overvalued stock valuations, Pandemic, stock buybacks, Wage Stagnation, wall street
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There’s No Going Back, We Can Only Go Forward
By Charles Hugh Smith Source: Of Two Minds What I see is a global collapse of intangible capital that is invisible to most people. It’s only natural that the conventional expectation is a return to the pre-pandemic world is just … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Financial Crisis, news, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime, Technocracy
Tagged asset values, bond market, coronavirus, Covid-19, Debt, Economics, elites, financial crisis, global collapse, Income, Inflation, intangible capital, net worth, Oligarchy, Pandemic, Real Estate, stock valuations
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A Debt Jubilee Is the Only Way to Avoid a Depression
By Michael Hudson Source: The Unz Review Even before the coronavirus appeared, many American families were falling behind on student loans, auto loans, credit card balances and other payments. America’s debt overhead was pricing its labor and industry out of … Continue reading
Posted in culture, Economics, Financial Crisis, History, Inequality, Labor, Oligarchy, Recession, Social Engineering, society, Sociology
Tagged coronavirus, Covid-19, Debt, Debt Jubilee, Economic Collapse, Economics, financial crisis, Gospel of Luke, Labor, Poverty, recession, society, unemployment, yobel
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America’s Despair
By Vladimir Odintsov Source: New Eastern Outlook More and more people in the United States are feeling let down by American capitalism, and the population is being plunged into depression. This was the alarming conclusion reached by two researchers from … Continue reading
Posted in Corporate Crime, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Health, Housing Crisis, Inequality, Labor, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Alcoholism, American wages, Angus Deaton, Anne Case, capitalism, deaths of despair., Debt, declining life expectancy, depression, despair, drug addiction, economic inequality, Economics, financial crisis, Great Recession, Homelessness, opioid crisis, painkillers, Suicides, unemployment, United States
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Economic effect of coronavirus could be revolutionary
By Paul Craig Roberts Source: Intrepid Report Coronavirus and globalism will teach us vital lessons. The question is whether we can learn vital lessons that do not serve the ruling interest groups and ideologies. Coronavirus will teach us that a … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Financial Crisis, Health, Inequality, Neoliberalism, news, Oligarchy, Recession, society, Sociology
Tagged bernie sanders, Big Pharma, coronavirus, Corporate Crime, Corporate Globalization, Debt, debt-forgiveness, Economic Collapse, Economics, elites, financial crisis, Financialization, Globalism, Health Care, Michael Hudson, national health care system, nationalization, Oligarchy, Public Health, Socialism, society, wall street
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The Covid-19 Dominoes Fall: The World Is Insolvent
By Charles Hugh Smith Source: Of Two Minds Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero. To understand why the financial dominoes toppled by the Covid-19 pandemic lead … Continue reading
