Charles Hugh Smith, Of Two Minds Waking Times The global elites’ techno-fantasy of a completely centralized future, The Great Reset, is addressed as a future project. Too bad it already happened in 2008-09. The lackeys and toadies tasked with spewing the PR are 12 years too late, and so are the critics listening to the PR with foreboding. Simply put, events outran our understanding of them. The future already manifested while we were trying to cram the present arrangement into an obsolete conceptual framework. In broad-brush, the post-World War II era ended around 1970. The legitimate prosperity of 1946-1970 was based on cheap oil controlled by … Continue reading “THE GREAT RESET” ALREADY HAPPENED
by Common Dreams, Guest Waking Times The same industries fueling the climate crisis and disproportionately polluting Black and brown communities across the U.S are bankrolling police foundations, groups which can help militarize local police departments. That’s according to a new investigation from transparency group Public Accountability Initiative and its LittleSis project. Authored by Gin Armstrong and Derek Seidman and published Monday, the report singles out actions from fossil fuel giants like Shell and Chevron as well as major utility companies and leading financial institutions. “This report sheds a harsh and needed light on the ways police violence and systemic racism intersect with … Continue reading REPORT FINDS OIL GIANTS AND MEGA BANKS FUNDING MASSIVE POLICE PRESENCE IN TOP US CITIES
After a terrifying spring spent in lockdown and a summer of protests in the streets, things are going to get a lot worse in the fall. by Tom Gara BuzzFeed News Opinion Editor More than 40 million people lost their jobs in the last few months, in the fastest and deepest economic slowdown ever recorded. More than half of all households with low incomes in the United States have experienced a loss of earnings, as have a quarter of all adults. The numbers are grim — but as bad as things look today, they’re on track to get much, much worse. The US … Continue reading The Real Economic Catastrophe Hasn’t Hit Yet. Just Wait For August.
image edited by F. Kaskais by IWB by axolotl_peyotl The wheelings and dealings of the global financial institutions are finally catching up with the perpetrators of this financial depravity. These “banks” (aka money laundering operations) have created quadrillions in so-called “derivatives” to prop up a profoundly sick and fraudulent system. via gizadeathstar: “A derivatives book of $49 trillion notional puts Deutsche Bank in the same league as the bank holding companies of U.S. juggernauts JPMorgan Chase, Citigroup and Goldman Sachs, which logged in at $48 trillion, $47 trillion and $42 trillion, respectively, at the end of December 2018 according to the Office … Continue reading Deutschebank, Derivatives, and Dominos: The global financial system simply cannot afford for Deutsche Bank to fail, and right now it is literally melting down right in front of our eyes.
by Dylan Charles, Editor Waking Times Look around in this fancy land called the U.S. and you’ll get the impression that people are just rolling in dough. They got fabulous new cars, expensive houses loaded up with imported goods, the latest smart phones, designer wardrobes, and they’re never about to turn down a good time. But it’s all an illusion. It’s fake. In reality, 80% of Americans are in debt and living paycheck to paycheck. Which means most of us are broke, and almost nobody owns anything at all. All that great stuff you see all around isn’t true prosperity, it’s owned by banks and … Continue reading EVERYONE IS BROKE BUT YOU DON’T HAVE TO BE A DEBT SLAVE ANY LONGER
Traders work on the floor of the New York Stock Exchange on November 20, 2018.BRENDAN MCDERMID / REUTERS If you’re going to worry about the economy, tumbling stocks are the least of America’s financial troubles right now. by Derek Thompson Staff writer at The Atlantic In December 2007, Larry Kudlow, then a talking head for the business network CNBC, proclaimed, “There’s no recession coming. It’s not going to happen.” That same month, the economy plunged into the worst economic downturn since the Great Depression.This week, Larry Kudlow, now the director of the National Economic Council, stood on the White House lawn … Continue reading Is a Recession Coming?
by Isaac Davis, Staff Writer Waking Times If you’ve ever wondered why the world seems hopelessly fraught with endless conflict, ruled corrupt states, and bent on developing a never-ending supply of advanced weaponry, you’d need to understand the nature of our debt based economy. The IMF has just reported that total global debt is now at a staggering $164 trillion, which amounts to 225% of total global GDP. Every person on this planet could turn over everything they produce for the next two plus years and we’d still be in debt. The number is now so astronomically high that its impossible to … Continue reading GLOBAL DEBT IS NOW AN INSANE $164 TRILLION, BUT WHO EXACTLY DO WE OWE?
Former Lehman Brothers Chief Executive Richard Fuld. Photo by Kevin Lamarque/Reuters The financial world is a theatrical production, abundantly lubricated by that magical elixir of illusionists: confidence by Matt Seybold assistant professor of American literature and Mark Twain Studies at Elmira College in New York. He is co-editor of the forthcoming Routledge Companion to Literature and Economics. His writing has appeared in Mark Twain Annual, T S Eliot Studies Annual, Henry James Review, and Reception. Edited by Marina Benjami On 10 June 2008, Dick Fuld, the soon-to-be infamous CEO of a soon-to-be infamous investment bank, Lehman Brothers in New York, assembled his executive committee in response to a second-quarter earnings report … Continue reading Confidence tricks
image edited by Fernando Kaskais Money and brains are both quantum phenomena – so it’s not surprising that economics is overdue for a quantum revolution by David Orrell is a writer and mathematician. His research on complex systems has been featured in the Financial Times, BBC radio and New Scientist, and his writing on science and economics has been published in World Finance, Bitcoin Magazine and The New Economy, among others. His latest book is The Money Formula: Dodgy Finance, Pseudo-Science, and How Mathematicians Took Over the Markets (2017), co-written with Paul Wilmott. He lives in Toronto. Edited by Sam Dresser ‘I’m not absolutely certain of my facts,’ wrote P … Continue reading Economics is quantum
image edited by Fernando Kaskais Not even close by Chris Martenson December 1, 2017 I hate to break it to you, but chances are you’re just not prepared for what’s coming. Not even close. Don’t take it personally. I’m simply playing the odds. After spending more than a decade warning people all over the world about the futility of pursuing infinite exponential economic growth on a finite planet, I can tell you this: very few are even aware of the nature of our predicament. An even smaller subset is either physically or financially ready for the sort of future barreling … Continue reading You’re Just Not Prepared For What’s Coming