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Showing posts with the label Depression

Shut Up! You’re Disturbing the Elite

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(RevoltofthePlebs) – So many warnings, so many solutions, and so many people who couldn’t care less. LONG AGO: A man named Noah (the conspiracy theorist of his time) warns his people that a great flood is fast approaching. His preparations for the event are largely dismissed as crazy, and he is constantly the subject of ridicule and mockery. Even as the heavy rains turn torrential; the people continue to laugh, eat, drink and dance…right up until the water level rises high enough to sweep them all away. 1912: As the RMS Titanic takes on water; word spreads among the passengers that they must prepare to abandon ship. Many refuse to board lifeboats because they are convinced that the vessel cannot sink. Some stay in the lounges to socialize while others return to their cabins and fall fast asleep. The lifeboats aboard the Titanic have the capacity to accommodate 2/3 of the passengers, but many of them are sent away nearly empty because some people refuse to take the crisis seriously...

Happy Days Aren’t Here Again

Have you heard the great news? The recession is over! It’s true; I saw it on TV. Why fret about growing unemployment lines when banks are paying big-time bonuses again? Proof of the turn was apparently revealed by the 2nd quarter GDP figures that showed that the economy declined by only 1%. After four consecutive quarters of negative GDP, the green shoots now assume that growth will resume over the summer. But before we pop the corks, it may be worthwhile to ask, “what really has changed, and what is responsible for our new lease on life?” In truth, because of the continued profligacy of the government and Federal Reserve, the imbalances that caused the current recession have actually worsened. We are now in an even deeper hole than when the crisis began. Rather than wrapping up a recession, we are actually sinking into a depression. If things look better now, it’s just because we are in the eye of the storm. We must remember that recessions inevitably follow periods of artificial grow...