Summers Says Financial System That Causes One Crisis Every Three Years Demands Reforms – Political Punch

Posted by Matt in October 16th, 2009 | no comment

Published in Financial, Asian Crisis, Burst, Collapse, Current, Debt Crisis, Dotcom Bubble, Financial Crisis, Global Financial Crisis, Latin American Debt, Long Term Capital, Long Term Capital Management, Meltdown, Mexican Financial Crisis, Political Punch, Savings And Loan, Stock Market Crash

As evidence, Summers cites the Latin American debt crisis, the 1987 stock market crash, the savings and loan meltdown, the Mexican financial crisis, the Asian crisis, the collapse of Long Term Capital Management, the burst of the dotcom bubble, and the current financial crisis.
Summers Says Financial System That Causes One Crisis Every Three Years [...]

Russia: The Post-Cold War Military Meltdown

Posted by Matt in October 15th, 2009 | no comment

Published in Russia, Armed Forces, Cold-War, invasion, Meltdown, Military Technology, Money, Nuclear Weapons, Nukes, Russia, Russian Military

The government is very touchy about its nuclear weapons, apparently because it’s only the nukes that can dissuade a foreign nation threatening invasion. The Russian armed forces can’t do it, as it has shrunk 80 percent since the end of the Cold War in 1991, and fallen apart as well. Lack of money means that [...]

Books of The Times – ‘In Fed We Trust’ by David Wessel and ‘A Colossal Failure of Common Sense’ by Lawrence G. McDonald with Patrick Robinson – Inside the Meltdown and the Race to Contain It – Review – NYTimes.com

Posted by Matt in July 21st, 2009 | no comment

Published in Financial, Ahead, American Economic History, American History, Blogged, Books, Colossal Failure, Common Sense, David Wessel, Flock Browser, Mcdonald, Meltdown, Patrick Robinson, Time Officials, Treasury, Worst Case Scenario

His overall assessment: “Every time officials at the Treasury or the Fed thought they finally had gotten ahead of the Great Panic, they turned out to be insufficiently pessimistic. This would be a distinguishing characteristic of this chapter in American economic history: even when officials thought they were planning for the worst-case scenario, they weren’t.” [...]

Meltdown 101: California’s budgetary troubles – BusinessWeek

Posted by Matt in July 1st, 2009 | no comment

Published in Economy, Financial, Abstract Problem, Arnold Schwarzenegger, Blogged, Budget Shortfall, Businessweek, California Meltdown, Flock Browser, Ious, Meltdown, National Recession, Out Of Whack, State Lawmakers, Wallet, Welfare Recipients

California’s budget shortfall isn’t just an abstract problem involving some out-of-whack numbers. It’s a serious crisis that’s threatening to hurt people in the wallet — in July alone, the state is talking about handing out $3 billion in IOUs to everyone from contractors to welfare recipients.
How exactly did California get into this mess, and what [...]

Debit Crisis Articles

Posted by Matt in June 30th, 2009 | no comment

Published in Economy, Financial, 1913 Intel, Budget Deficit, Coffins, Credit Crunch, Debt Crisis, Economic Rebound, Fema, Government Auction, Great Depression, Martial Law, Meltdown, National Debt, National Savings, Nytimes, Pbs Org, Pyramid Scheme, Sovereign Debt, Subprime Mortgage Market, Treasury Auction, Undeniable Reality

The next great crisis: America’s debt | 1913 Intel
At this rate, your share of the load will be $155000 in a decade. How chronic deficits are putting the country on a path to fiscal collapse.
Sovereign Debt | 1913 Intel
Latvian debt crisis shakes Eastern Europe Telegraph.co.uk – Jun 3, 2009 … a sovereign debt crisis after [...]

Economy Booming Again? Seriously?

Posted by Matt in April 17th, 2009 | no comment

Published in Economy, U.S., Cnbc, Commercial Real Estate, Credit Crisis, Credit Losses, Deflation, Estate Arena, Estate Business, Financial Crisis, Fire Sale, General Growth Properties, Global Credit, Global Financial Crisis, International Monetary Fund, International Monetary Fund Imf, Inventory Levels, Mall Operator, Meltdown, Moratoriums, Office Tenants, Pundit, Signs Of Life, Temporary State

Here’s why the economy is NOT going to be booming again real soon:
1. We’ve only acknowledged $1.29 trillion of the $4 trillion in total global credit losses to date.
2. Foreclosure filings hit a new record high of 341,000 in March, 2009.
3. The COMMERCIAL real estate business is in full-scale meltdown mode.
4. The consumer is still [...]

Why the Meltdown Should Have Surprised No One

Posted by Matt in March 17th, 2009 | 1 comment

Published in Economy, Financial, Auburn Alabama, Audio Visual Equipment, Austrian School, Bailout, Bastions, Bbc, Bbc Tv, Cbc, Cbc Tv, Cnn, Cnn Tv, Consequences, Countless Discussions, Economic Devastation, Exposed, Financial Crisis, Fox, Fox Tv, Global Financial Crisis, Global Strategist, Hard Truths, Keynote Speech, Little Chance, Ludwig Von Mises, Ludwig Von Mises Institute, Mainstream Economists, Meltdown, Perceptions, Peter Schiff, Realities, Scholars Conference, Sowing The Seeds, Straight Answers, Tv Channel, Uninterrupted Time, Video Check, Von Mises Institute, Warm Southern Hospitality

Link to video.
Check out this article that I posted in December, 2007: 100% Probability of U.S. Recession in 2008?
More articles on the global financial crisis.
Dear Friend,
Most people who are familiar with me have seen me in countless discussions on television or the Internet. Typically, these episodes include lots of shouting, quick interjections, some ridicule, and [...]

Iceland: Wall Street on the Tundra

Posted by Matt in March 3rd, 2009 | no comment

Published in Financial, Bankruptcy, Currency, Financial Crisis, Fishing, Global Financial Crisis, Hoarding Food, Iceland, Insurance, Krona, Led, Logic, Madness, Meltdown, New Range Rovers, People, Population, Tundra, Wall Street

Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a [...]

Looming Collapse of Russia, China and more …

Posted by Matt in January 5th, 2009 | no comment

Published in China, Economy, Middle East, Russia, general, American Economy, Collapse, Debt Crisis, Emerging Market, Entire World, Epic Dimensions, Global Depression, Global Financial Crisis, Global Growth, Great Depression, Incarnation, Martin D Weiss, Massive Wealth, Meltdown, Overseas Economies, Political Stability, Subprime Mortgage Market, Tailspin, Term Threat, Undeniable Reality, Western Europe

The undeniable reality: The debt crisis that first appeared in the U.S. subprime mortgage market … then precipitated a Wall Street meltdown … and has now driven the American economy into its sharpest decline since the Great Depression … has now spread to the entire world.
The debt crisis is driving the economies of Western Europe [...]

America’s Defense Meltdown

Posted by Matt in December 29th, 2008 | no comment

Published in Military, U.S., Amp, Cdi, Center For Defense Information, Defense Decline, Defense Meltdown, Insiders, Lethality, Lieutenant Colonel, Marine Corps, Meltdown, Military Officers, Professional Preparation, Retired Marine

The Center for Defense Information (CDI) has published a report titled “America’s Defense Meltdown: 13 non-partisan insiders, retired military officers & defense specialists speak out.” The report flatly states that America’s defenses are “outdated,” with “insufficient” lethality bought at high expense. In a chapter written by a retired Marine Corps lieutenant colonel, we [...]