Posted by: doggings | May 21, 2010

Greek-Style? Riots Coming in the UK? – Hopefully!

John Pilger writes:

As Britain’s political class pretends that its arranged marriage of Tweedledee to Tweedledum is democracy, the inspiration for the rest of us is Greece. It is hardly surprising that Greece is presented not as a beacon but as a “junk country” getting its comeuppance for its “bloated public sector” and “culture of cutting corners” (the Observer). The heresy of Greece is that the uprising of its ordinary people provides an authentic hope unlike that lavished upon the warlord in the White House.

The crisis that has led to the “rescue” of Greece by the European banks and the International Monetary Fund is the product of a grotesque financial system which itself is in crisis. Greece is a microcosm of a modern class war that is rarely reported as such and is waged with all the urgency of panic among the imperial rich.

What makes Greece different is that within its living memory is invasion, foreign occupation, betrayal by the West, military dictatorship and popular resistance. Ordinary people are not cowed by the corrupt corporatism that dominates the European Union. The right-wing government of Kostas Karamanlis, which preceded the present Pasok (Labour) government of George Papandreou, was described by the French sociologist Jean Ziegler as “a machine for systematic pillaging the country’s resources”.

The machine had infamous friends. The US Federal reserve Board is investigating the role of Goldman Sachs and other American hedge fund operators which gambled on the bankruptcy of Greece as public assets were sold off and its tax-evading rich deposited 360 billion euros in Swiss banks. The largest Greek ship-owners transferred their companies abroad. This haemorrhage of capital continues with the approval of the European central banks and governments.

At 11 per cent, Greece’s deficit is no higher than America’s. However, when the Papandreou government tried to borrow on the international capital market, it was effectively blocked by the American corporate ratings agencies, which “downgraded” Greece to “junk”. These same agencies gave triple-A ratings to billions of dollars in so-called sub-prime mortgage securities and so precipitated the economic collapse in 2008.

What has happened in Greece is theft on an epic, though not unfamiliar scale. In Britain, the “rescue” of banks like Northern Rock and the Royal Bank of Scotland has cost billions of pounds. Thanks to the former prime minister, Gordon Brown, and his passion for the avaricious instincts of the City of London, these gifts of public money were unconditional, and the bankers have continued to pay each other the booty they call bonuses. Under Britain’s political monoculture, they can do as they wish. In the United States, the situation is even more remarkable, reports investigative journalist David DeGraw, “[as the principal Wall Street banks] that destroyed the economy pay zero in taxes and get $33 billion in refunds”.

In Greece, as in America and Britain, the ordinary people have been told they must repay the debts of the rich and powerful who incurred the debts. Jobs, pensions and public services are to be slashed and burned, with privateers in charge. For the European Union and the IMF, the opportunity presents to “change the culture” and dismantle the social welfare of Greece, just as the IMF and the World Bank have “structurally adjusted” (impoverished and controlled) countries across the developing world.

Greece is hated for the same reason Yugoslavia had to be physically destroyed behind a pretence of protecting the people of Kosovo. Most Greeks are employed by the state, and the young and the unions comprise a popular alliance that has not been pacified; the colonels’ tanks on the campus of Athens University in 1967 remain a political spectre. Such resistance is anathema to Europe’s central bankers and regarded as an obstruction to German capital’s need to capture markets in the aftermath of Germany’s troubled reunification.

In Britain, such has been the 30-year propaganda of an extreme economic theory known first as monetarism then as neo-liberalism, that the new prime minister can, like his predecessor, describe his demands that ordinary people pay the debts of crooks as “fiscally responsible”. The unmentionables are poverty and class. Almost a third of British children remain below the breadline. In working class Kentish Town in London, male life expectancy is 70. Two miles away, in Hampstead, it is 80. When Russia was subjected to similar “shock therapy” in the 1990s, life expectancy nosedived. A record 40 million impoverished Americans are currently receiving food stamps: that is, they cannot afford to feed themselves.

In the developing world, a system of triage imposed by the World Bank and the IMF has long determined whether people live or die. Whenever tariffs and food and fuel subsidies are eliminated by IMF diktat, small farmers know they have been declared expendable. The World Resources Institute estimates that the toll reaches 13-18 million child deaths every year. “This,” wrote the economist Lester C. Thurow, “is neither metaphor nor simile of war, but war itself.”

The same imperial forces have used horrific military weapons against stricken countries whose majorities are children, and approved torture as an instrument of foreign policy. It is a phenomenon of denial that none of these assaults on humanity, in which Britain is actively engaged, was allowed to intrude on the British election.

The people on the streets of Athens do not suffer this malaise. They are clear who the enemy is and they regard themselves as once again under foreign occupation. And once again, they are rising up, with courage.

When David Cameron begins to cleave £6 billion from public services in Britain, he will be bargaining that Greece will not happen in Britain.

We should prove him wrong. www.johnpilger.com

Advertisements
Posted by: doggings | April 11, 2010

Richard Dawkins Nails it Again..

Richard Dawkins is one of the dog’s hero-humans.

There’s a human who tells it like it is and doesn’t mince words or suffer nonsense at all. Rarely are humans this honorable and courageous in speaking out against the mass delusion and at times pure evil that is religion.

From the Washington Post Ratzinger is the perfect pope

Paedo priests

Paedo Priests

“Should Pope Benedict XVI be held responsible for the escalating scandals over clerical sexual abuse in Europe?”

Yes he should, and it’s going to escalate a lot further, as more and more victims break through the guilt of their childhood indoctrination and come forward.

“Should he be investigated for how cases of abuse were handled under his watch as archbishop of Munich or as the Vatican’s chief doctrinal enforcer?”

Yes, of course he should. This former head of the Inquisition should be arrested the moment he dares to set foot outside his tinpot fiefdom of the Vatican, and he should be tried in an appropriate civil – not ecclesiastical – court. That’s what should happen. Sadly, we all know our faith-befuddled governments will be too craven to do it.

“Should the pope resign?”

No. As the College of Cardinals must have recognized when they elected him, he is perfectly – ideally – qualified to lead the Roman Catholic Church. A leering old villain in a frock, who spent decades conspiring behind closed doors for the position he now holds; a man who believes he is infallible and acts the part; a man whose preaching of scientific falsehood is responsible for the deaths of countless AIDS victims in Africa; a man whose first instinct when his priests are caught with their pants down is to cover up the scandal and damn the young victims to silence: in short, exactly the right man for the job.

He should not resign, moreover, because he is perfectly positioned to accelerate the downfall of the evil, corrupt organization whose character he fits like a glove, and of which he is the absolute and historically appropriate monarch.

No, Pope Ratzinger should not resign. He should remain in charge of the whole rotten edifice – the whole profiteering, woman-fearing, guilt-gorging, truth-hating, child-raping institution – while it tumbles, amid a stench of incense and a rain of tourist-kitsch sacred hearts and preposterously crowned virgins, about his ears.

Posted by: doggings | March 19, 2010

US General Says The Dutch Army are Gay

"Dutch Army is gay"

Haha dear oh dear, this is a funny one..

Well, probably not if you’re Dutch, or gay, and especially not if you’re a gay dutch soldier, or most especially a relative of the victims of the worst massacre seen in Europe since the Nazis last did their best to kill all the gays off, along with Jews, gypsies and anyone who tried to stand up to them.

From the BBC – US General says “its the gays fault”

Gen Sheehan had been speaking at a US Senate hearing on allowing gay people to serve openly in the US military.

He said Dutch leaders had told him that the presence of gay soldiers had contributed to the Bosnian massacre.

Srebrenica was a UN safe haven under the protection of Dutch peacekeepers when, in 1995, Bosnian Serb forces overran the town, killing some 8,000 Muslim men and boys.

Gen Sheehan said the former chief of staff of the Dutch army had told him that the presence of openly gay soldiers in the Dutch peacekeeping force were seen as “part of the problem” which contributed to the fall of Srebrenica.

The story allegedly goes that the Serbian forces swept in Srebrenica, and finding only a load of Dutch soldiers mincing around, they handcuffed them to lamp-posts, and then marched 8000 muslim people away and executed them.

Being an ex dog of war, I must say I do find it quite difficult to envisage 42 Commando Royal Marines, or 3rd Battalion Parachute Regiment finding themselves handcuffed to lamp-posts whilst the people they were supposed to protect were casually murdered, but whether you can put it down to the (homo) sexuality of the troops involved in another question entirely.

On reflection the Dog thinks he probably would rather be peace-keeped by a heterosexual Army if at all possible.

Posted by: doggings | March 16, 2010

The US Government’s World Domination PC Program

Haha courtesy of the Dog’s new favourite site Zero Hedge..

..finally..

..the inner coding of the US’ politics computer program revealed

🙂

/

V 1.0 – Bush Senior – Windows 3.1

.

if(approvalRatingPercent < 50)

{

invade($randomEvilCountry);

}

.

Version 2.0 – GWB Junior – Win 98 / XP

.

if(approvalRatingPercent < 50)

if(AmericanIdol.Ratings == ViewershipRatings.Low)

if(economy.Jobless_U1 > 10%)

invade(GetRandomMiddleEastCountry());

.

Version 3.0 – Obama & crew – Win Vista / (J) iPad


function (government.corruption);

{

if(approvalRatingPercent < 50)

if(AmericanIdol.Ratings == ViewershipRatings.Low)

if(economy.Jobless_U1 > 10%)

invade(GetRandomMiddleEastCountry());

else(economy.Blame==Snowstorm.inWinter)

if(approvalRatingPercent >50)

get(StateOfTheUnion.Speech==Iran.AxisOfEvil);

if(StateOfTheUnion.Speech==Iran.AxisOfEvil[selected.Index.value=null])

return(Alert=”Believe me….. We have proof of WMD.”)

if(isNaN);

then(Credibility=0)

}

Posted by: doggings | February 13, 2010

Global Security Threat Levels

Alert Levels Around the Globe.

The English are feeling the pinch in relation to recent terrorist threats and have raised their security level from “Miffed” to “Peeved.”

Soon, though, security levels may be raised yet again to “Irritated” or even “A Bit Cross.”

The English have not been “A Bit Cross” since the blitz in 1940 when tea supplies all but ran out. Terrorists have been re-categorized from “Tiresome” to a “Bloody Nuisance.”

The last time the British issued a “Bloody Nuisance” warning level was during the great fire of 1666.

The Scots raised their threat level from “Pissed Off” to “Let’s get the Bastards.” They don’t have any other levels. This is the reason they have been used on the frontline in the British army for the last 300 years.

The French government announced yesterday that it has raised its terror alert level from “Run” to “Hide.” The only two higher levels in France are “Collaborate” and “Surrender.” The rise was precipitated by a recent fire that destroyed France ‘s white flag factory, effectively paralysing the country’s military capability.

It’s not only the French who are on a heightened level of alert. Italy has increased the alert level from “Shout loudly and excitedly” to “Elaborate Military Posturing.” One more level remains: “Ineffective Combat Operations.”

The Germans also increased their alert state from “Disdainful Arrogance” to “Dress in Uniform and Sing Marching Songs.” They also have one higher level: “Invade a Neighbour.”

Belgians, on the other hand, are all on holiday as usual, and the only threat they are worried about is NATO pulling out of Brussels.

The Spanish are all excited to see their new submarines ready to deploy. These beautifully designed subs have glass bottoms so the new Spanish navy can get a really good look at the old Spanish navy.

Americans meanwhile are carrying out pre-emptive strikes on all of their allies, just in case.

New Zealand has also raised its security levels – from “baaa” to “BAAAA!” Due to continuing defence cutbacks (the air force being a squadron of  spotty teenagers flying paper aeroplanes and the navy some toy boats in the prime minister’s bath), New Zealand only has one more level of escalation, which is “I hope Australia will come and rescue us.”

Australia, meanwhile, has raised its security level from “No worries” to “She’ll be right, mate.”

Two more escalation levels remain, “Crikey! I think we’ll need to cancel the barbie this weekend” and “The barbie is cancelled.” So far no situation has ever warranted use of the final escalation level.

Posted by: doggings | February 6, 2010

Outsourcing Tech Support

Study these 3 photos closely, then read the message at the bottom.

It will explain lots and lots of things… if you didn’t already know.

.

This is India. It’s where you call when you have a technical problem with your computer.

Posted by: doggings | January 29, 2010

T3H AW3-S0ME IC4P LE0P4RD III !!

I would marry this boat

The dog has been following this amazing racing yacht for quite a while now and am just in such awe of the boat, captain and crew it’s not funny.

Leopard 3 is the latest in Mike Slade’s Leopard series of super-maxi racing yachts beginning all the back with Leopard of London, through Leopard 2 and onto the mighty Leopard 3, which since launch has just won everything (right up until this last Rolex Sydney Hobart where she was finally narrowly beaten) and broken every record on the way.

This isnt just a world-beating racing yacht though, it’s also a stunning luxury James Bond style apartment on water, and you can even charter it out on the Solent, the Med or the Caribbean, depending on their location (and your budget)

& its only 1ok a day too, what you waiting for?

Posted by: doggings | January 29, 2010

JiPad for Dummies – Jihad on the iPad!

iPad - even (funda) mentalist Apple gimps think it's shit

Posted by: doggings | January 21, 2010

Attention America – Wake the Fuck UP!!

Again, PAY ATTENTION AMERICA !!

..IT IS TIME TO WAKE THE FUCK UP!!  NOW !!

This dog only wishes he could pen rants like THIS ONE, from James Quinn at theburningplatform.com – laying it out there in plainest terms.

Go over there are read this article, and DO IT NOW.

Ordinary Americans are being bent over their office desks and roughly buggered by your war-mongering, profiteering “leaders”.

If you are not in the elite you are taking it up the ass, all day every day, until you die a broken buggered thing. There is no inbetween.

They keep your feeble minds occupied by a combination of materialistic gratification and endless mindless nonsense and propaganda streamed live into your living rooms, whilst they bend over the entire society (barring anyone in their exclusive elite clubs) and work themselves into a right old sweat buggering you all.   – Are you getting this yet?

The dog’s favourite bits of James’ article are quoted below, but if you want the full picture on your daily buggery you need to read the full thing. Anyone not doing so, well just bend over some more and someone will be along with the KY shortly.. 😉

What most people do not understand is the relationship between the Federal Reserve and war.

The Federal Reserve is responsible for every economic difficulty that afflicts our nation. Without a Federal Reserve creating fiat paper currency out of thin air, an empire could not wage continuous war.

There is no clearer proof than evaluating major U.S. military conflicts prior to 1913 versus after the creation of the Federal Reserve. Between 1791 and 1913 (122 years) the U.S. engaged in only four major conflicts:

·         War of 1812

·         Mexican-American War

·         Civil War

·         Spanish-American War

Only the War Between the States can be considered significant and it was fought solely on U.S. soil.

The Federal Reserve was created in 1913 by bankers in collusion with politicians in Washington DC. This private central bank, run by a cartel of major banks, has encouraged politicians to wage war.

Continuous conflict enriches bankers, as all the money used to wage war is borrowed from them. This may explain why between 1913 and 2010 (97 years) the U.S. has engaged in eleven significant foreign conflicts:

·         World War I

·         World War II

·         Korean War

·         Vietnam War

·         Grenada Invasion

·         Panama Invasion

·         Gulf War

·         Somalia

·         Kosovo War

·         Afghan War

·         Iraq War

Above and beyond these actual conflicts, we engaged in a 46 year Cold War with the Soviet Union that involved funding opponents to communism, coups, and assassination of foreign leaders. This Cold War was used as an excuse to station troops in over a 100 foreign countries, creation of the military industrial complex and creation of a secret spy agency, the CIA. Conveniently, when the Cold War ended with the collapse of the Soviet Union, a new amorphous war was created by politicians and their bankers. The nebulous War on Terror has been exploited to create the Department of Homeland Security and passage of the Orwellian Patriot Act, which allows the government to violate Americans’ right to privacy in the name of National Security. The War on Terror is used as the reason for invading foreign countries and using predator drones to blow up whoever our leaders feel is a threat.

The cost for the War on Terror thus far has been $2.3 TRILLION. There are trillions more to be wasted because you can never win a war on terror.

Who benefits from a never ending war on terror? Every dime of the $2.3 trillion has been borrowed. The beneficiaries of debt are bankers, as they reap billions in profits and pay themselves millions in bonuses. The money that is loaned to the government is then paid to the companies that constitute the military industrial complex.

These companies then buy the support of Congress for their new and improved killing machines. This encompasses the circle of death in Washington DC.

Section 8 of the U.S. Constitution says Congress has the power to coin Money, regulate the Value thereof, and of foreign Coin and to declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water. The corrupt politicians who have controlled the country for the last century have abrogated their power to coin money to a secretive private bank run by crooked bankers. Since 1941 Congress has failed in their Constitutional duty to be the branch of government that commits citizens of the U.S. to war. They have allowed the executive branch to decide when Americans will die and for what causes.

The Bush Doctrine, created by Dick Cheney, Donald Rumsfeld, and Paul Wolfowitz, is policy of preventative war, which holds that the United States should topple foreign regimes that represent a potential or perceived threat to the security of the United States, even if that threat is not immediate; a policy of spreading democracy around the world, especially in the Middle East, as a strategy for combating terrorism; and a willingness to pursue U.S. military interests in a unilateral way. Should the American people follow the doctrine of men who never served a day in the U.S. military and have no difficulty in wiping their blood stained hands all over the U.S. Constitution or a wise Founding Father who risked his life to create that Constitution?

Ronald Reagan increased military spending dramatically in the 1980s in an effort to bankrupt the Soviet Union. Total spending on defense in the decade reached $3.8 trillion. The collapse of the only country in the world that threatened the U.S. militarily left a vacuum in the 1990s.

This peace dividend resulted in military spending decreasing to $3.3 trillion in the 1990s. Defense companies did not fare well in this decade as plants were closed and employees laid off. The 9/11 terrorist attack was a windfall for the military industrial complex, the neo-conservative Constitution burners, and privileged bankers.

With no country on earth capable of competing with our immense military machine, the government used fear, loathing and false patriotism to ramp up military spending to $5.3 trillion during the just completed decade.

Ask yourself who benefited from these expenditures. Are you safer? Are you better off financially today?

Oil prices rose from $20 a barrel to $145 a barrel. The U.S. National debt rose from $5.7 trillion to $12.3 trillion.

The financial system collapsed due to the actions of the Federal Reserve, greedy criminal bankers, and self serving corrupt politicians. And still the wars go on.

War is a Racket

“War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope.

It is the only one in which the profits are reckoned in dollars and the losses in lives. A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small ‘inside’ group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.”  – General Smedley Butler

War most certainly feeds the rich, while it buries the poor. The people pulling the strings in Washington DC are all rich.

George Bush, Dick Cheney, Hank Pauson, Ben Bernanke, Barack Obama, and Tim Geithner are all multi-millionaires. It matters not which party controls the levers of power. The racket is perpetual. The most liberal President since FDR is submitting the largest Defense spending budget in U.S. history, exceeding $700 billion for 2010. The cumulative National Debt of the U.S. from 1791 until 1977 (186 years) totaled $699 billion. We now spend more than that every year on war.

There are no rich dying in the deserts of Iraq and Afghanistan. There are no wealthy Wall Street bankers’ sons or daughters dying in the Middle East.

Isn’t it fresh that there are 237 millionaires out of 535 members of Congress and only 10 members of Congress with a son or daughter putting their lives on the line in Iraq or Afghanistan? The facts are that the lower middle class and poor die in a foreign desert like dogs for no good reason. The rich and powerful line their pockets while selling soldiers in a human grocery store.

The hypnotized masses are manipulated by government propaganda, ideologue think tanks, and corporate mainstream media. Even the financial crisis benefits the military industrial complex. Before the crisis, military recruiters had tremendous difficulty in convincing enough young people to become cannon fodder for the War on Terror.

When 22% of the population is unemployed, there is no such problem. Nationwide, the Air Force reached its highest number of enlistments since 2004, and the Marines Corps was able to do enough recruiting in 2009 to go from 175,000 in its ranks to 202,000. The Army has exceeded its goal of 80,000 enlistments from 2006 to 2008, and it took in more than 70,000 soldiers, with a goal of 65,000 in 2009. The grocery store shelves have been restocked.

I find it revealing that three men who occupied the top military position of the nation, led men into battle, and understood the responsibility in committing American citizens to battle were the most reflective and cautious in using the military power of the U.S. in foreign entanglements.

“Every gun that is made, every warship launched, every rocket fired, signifies in the final sense a theft from those who hunger and are not fed, those who are cold and are not clothed.” Dwight D. Eisenhower

“Although a soldier by profession, I have never felt any sort of fondness for war, and I have never advocated it, except as a means of peace.” Ulysses S. Grant

“Wars can be prevented just as surely as they can be provoked, and we who fail to prevent them, must share the guilt for the dead.” Omar N. Bradley

The United States has spent $12.5 trillion on the Military over the last three decades. The U.S. National Debt totals $12.3 trillion. Essentially every dime spent on the military in the last three decades has been borrowed.

We police the world using a credit card with an unlimited line of credit. The issuer of the credit card is the Federal Reserve Bank.

The systematic destruction the U.S. dollar over the last 97 years has allowed politicians to steal from the middle class and enrich the corporate fascists that control the country. Dr. Edwin Vieira describes the truth of our dilemma:

“Private financial special-interest groups buy politicians; in public office these politicians empower the special-interest groups by statute to manipulate the monetary and banking systems; to the extent that these manipulations succeed, the profits are largely privatized; and to the extent that the manipulations fail, the losses are almost entirely socialized.

In either case, the general public is held hostage to the racket, and foots the gargantuan bill for its operation. And the guilty parties escape scot free to steal again, and again, and again.”

We are left a hollowed out economy with a middle class that hasn’t seen their real wages increase in 30 years. Our manufacturing base has been gutted.

The only thing this country has produced in the last ten years is killing machines. Is society more likely to advance by producing a computer or a humvee?

Is our civilization better off with a plant producing tanks or hybrid cars? Defense spending means the government is pulling away resources from free market uses and instead using them to buy weapons and to pay for soldiers and Blackwater mercenaries.

In realistic economic models, defense spending is a direct drain on the economy, reducing efficiency, slowing expansion and costing jobs. Based on the chart below, we’ve made our selection.

It is a choice that will surely lead to an economic collapse as the cumulative weight of debt will capsize our ship of state.

Read the full article

Are you listening America? – you’re not are you?

Ok no worries, right just bend over, it’s that time again..


Posted by: doggings | January 15, 2010

“Stupid” Economists “puzzled” by Dec Sales

Awesome straight-talking article by Mac Slavo reproduced in full.  ..Non-indented text, pictures and some emphasis is ours..

While most Americans understand that falling wages, job losses and contracting consumer credit leads to less spending, it seems that many economists just can’t figure out what happened to retail sales in December.

Some earlier reports and estimates this month suggested that December retail sales might have made a recovery over November, and, admittedly, we were surprised and in somewhat of a state of disbelief. However, on the same day we pointed out that December tax sales receipt were down, indicating that sales overall would be down.

Today we get the “official” numbers from the Commerce Department and they confirm the position we have held since the summer of 2009, that retail sales would be lackluster and below expectations.

“The Commerce Department said Thursday that retail sales declined 0.3 percent in December compared with November, much weaker than the 0.5 percent rise that economists had been expecting. Excluding autos, sales dropped by 0.2 percent, also weaker than the 0.3 percent rise analyst had forecast.

For the year, sales fell 6.2 percent, the biggest decline on government records that go back to 1992. The only other year that annual sales fell was in 2008, when they slipped by 0.5 percent.”

We assume anybody with the ability to perform basic mathematics and deductive reasoning probably came to the same conclusion we did months before the holiday season got into full swing. Of course, there are always exceptions, and as usual, it was the economists who didn’t see the depression coming in the first place, that expected sales numbers to outperform. Once again, they were wrong:

“…many economists, puzzled by the retail sales decline that follows reports from retailers of brighter holidays, cautioned that the December figures don’t necessarily signal a big consumer pullback and could be a blip.

We’ve said it before, and we’ll say it again: When an economist says something, especially if they are employed by the federal government, believe exactly the opposite.

Dog ..See  “Economics it’s all Lies ! ”

In this case, that means that the December figures DO signal a big consumer pullback. This was the holiday shopping season, you know, the one they tout as the most important time of the year for retailers, where a majority of retailers earn 25% or more of their yearly sales and make or break their yearly numbers. This was the time of the year when consumers were supposed to be spending, because by all indications, the economy was recovering. If it is not a consumer pullback, what is it?

A blip?

Just like the blip we saw the previous month? Or how about the blip in unemployment month over month for all of 2008 and 2009? There’s also that foreclosure blip, you know, where around 2.8 million people lost or were threatened with losing their home in 2009.

Here are some more blips to look for in coming months:

  • Retailers will report lower retail sales numbers. In many cases this will lead to retail bankruptcies, probably for some major retailers as well as a host of smaller retail operations.
  • Bankrupt retailers will pull of out their commercial real estate locations in droves, setting of the commercial real estate collapse. In fact, the CRE bubble is and has been collapsing, but most mainstream news outlets and economists refuse to discuss it. (See Detroit and Scottsdale as just a couple examples)


Dog – Derivatives in particular Credit Default Swaps on all of the above will cause further financial collapses and bring on “Meltdown 2.0 – The Finale”

  • Credit card defaults will continue to mount as a broke consumer will need to begin choosing between paying essential bills like food, electric and gas instead of paying off debts incurred years ago during the credit bubble.

  • Employment, though it may see a slight recovery due to Census hiring (BLIP!), will continue its downward spiral in 2010

But, these are just minor blips on a radar screen. Pay them no mind, because we all know that when you have a bunch of blips going off on a radar screen, the best thing to do is to assume it means nothing.

Author: Mac Slavo
Date: January 15th, 2010
Visit the Author’s Website: http://www.SHTFplan.com/

« Newer Posts - Older Posts »

Categories