Eastern Europe Is About to Blow By Mike Whitney Davos Debt & Denial
The global economy is decelerating at the fastest pace on record. 40 percent of global wealth has been wiped out. The banking system is insolvent, unemployment is soaring, tax revenues are falling, the markets are in shock, housing is crashing, deficits are soaring, and consumer confidence is at its lowest point in history. Continue
In an age of illusion, the guise of truth is often heresy
By Darryl Schoon
The fact that in 2008 bankers became victims in the game they created has profound implications for capitalism itself. Capitalism, which began in 1694 with the issuance of debt-based money from The Bank of England, has now over three hundred years later reached its last and final stage. Continue
Wednesday, 18 February 2009
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