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Sunday, March 09, 2008

TIME'S A WASTIN', EH? HEAD FOR THE HILLS...! OR WHATEVER... THE U.S. ECONOMY'S ON A SHORT FUSE: WATCH OUT--FIRE IN THE HOLE! A DEPRESSION'S ON THE WAY

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Sorting Through The Rubble in Post-Bubble America

By Mike Whitney

No more bubbles. No more phony debt-generated prosperity.
No more over-leveraged, complex Ponzi-scams that end
in tragedy. Continue

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Already We Have Riots, Hoarding, Panic
The Sign Of Things To Come?

Carl Mortished, World Business Editor

The spectre of food shortages is casting a shadow across
the globe, causing riots in Africa, consumer protests
in Europe and panic in food-importing countries. In a
world of increasing affluence, the hoarding of rice and
wheat has begun. Continue

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International experts foresee collapse of U.S. economy:

Dr. Nouriel Roubini of the New York University's
Stern School of Business, who, in 12 steps, outlines how
the losses of the American financial system will grow
to more than $1 trillion - that's one million times $1 million.
That amount is equal to all the assets of all American banks.

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Banks face "systemic margin call," $325 billion hit:

JPM: Wall Street banks are facing a "systemic margin call"
that may deplete banks of $325 billion of capital due
to deteriorating subprime U.S. mortgages, JPMorgan
Chase & Co (JPM.N: Quote, Profile, Research), said
in a report late on Friday.

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Hedge funds wither as banks call their bluff:

Remember how the investment banks recently wrote
off $140bn in loans linked to the sub-prime mortgage
debacle? Well you ain't seen nothing yet, if last week's
margin calls on hedge funds are anything to go by.

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QUOTE:

U.S. Consumer Borrowing Rose, Led by Credit Cards :

Consumer credit increased by $6.9 billion to $2.52
trillion, the Fed said today in Washington. In December,
credit gained $3.7 billion, less than a previously reported
increase of $4.5 billion. The figures don't include
borrowing secured by real estate, such as home-equity
loans.

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QUOTE:

PropagandaVideo

An open source video compilation, Propaganda offers
a critical look at the "mainstream" media, featuring
interviews and lectures by Noam Chomsky, John Pilger,
Amy Goodman and much more. Click to view

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Bob Herbert: Confronting the Kitchen Sink

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Gary Hart: Breaking the Final Rule

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Greg Grandin: Fidel Castro,the First Super Delegate

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A WORLD OF INCIDENTS AT YOUR FINGERTIPS:
TRULY AMAZING...! AND IT'S UPDATED EVERY
360 SECONDS, I'VE BEEN TOLD. A REALLY
PLEASANT TREAT AND INTELLECTUAL JOURNEY.
TRY IT, YOU MIGHT LIKE IT.

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QUOTE:

Late Night Political Jokes - Late Night Jokes Updated Daily

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PHOTOGRAPHY BY NOVELIST F. SCOTT SINCLAIR

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QUOTE:

A CONVENIENT (I HOPE) TABLE OF CONTENTS OF
F. SCOTT SINCLAIR'S NOVELS

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