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A Doomsday View of 2012

December 25th, 2011
James Petras Introduction The economic, political and social outlook for 2012 is profoundly negative. The almost universal consensus, even among mainstream orthodox economists is pessimistic regarding the world economy. Although, even here, their… more »

Super Congress in Session - More of the Cruel Charade

September 16th, 2011
By Michael Collins Wall Street and the big banks owe $1.5 trillion for the bailout (at least). The Super Congress needs to cut $1.5 trillion over ten years. Get the money from Wall Street and cancel the Super Congress. Problem solved. Last month’s debt… more »

Michael Collins: Things are Different (and sometimes much better) in the East

May 31st, 2011
Michael Collins The nation formerly known as the Ottoman Empire is building a strong foundation for a bright future. That nation is also addressing its scandalous recent past as it reaches out to old enemies. The dynamics producing real change in Turkey… more »

The Crazies versus the Sleepwalkers - Big Budget Showdown

April 8th, 2011
By Michael Collins The Republican crazies are in a celebrity death match with sleepwalking Democrats. It is a fabricated drama amounting to not much of anything in terms of the nation's well being. The stakes are supposedly the shutdown of the United… more »

The "Recovery" - - Just Don't Eat, Heat Your Home, or Buy Clothing

February 5th, 2011
By Numerian We still don’t even know if Fed officials actually believe the ridiculous things they say, or whether they are merely acting stupid to hide the fact that they have created a world in which financial prudence is punished, those who save are… more »

What They Didn't Tell You - The Financial Crisis Inquiry Commission

February 2nd, 2011
By Numerian posted by Michael Collins What America really needs is a Commission of Truth, that would outline how Selfishness became triumphant, how it has devastated our country, and what we as a community and as a nation must do about this What’s it… more »

Decline and Fall (Maybe) January 1, 2011

January 1st, 2011
The Happy New Year Edition (with some good news about 2011) Michael Collins more »

It's all good! Party on like there's no tomorrow

December 31st, 2010
By Numerian posted by Michael Collins "The US financial system is close to collapse - The deliberate public relations campaign by government, politicians, and business leaders to assure us that “all is well” when it comes to the banking system is… more »

Why do we hate the banks so?

October 27th, 2010
By Numerian posted by Michael Collins "The deadbeat accusation against defaulters says Americans should have known how much debt they were taking on and what the risks were for themselves if disaster should happen to them. The problem with this argument… more »

The Devil's in the Details - Foreclosures

October 2nd, 2010
By Numerian Posted by Michael Collins It seems, therefore, that millions of foreclosures that have occurred in the past two years may be invalid. Investors who were part of the $8,000 tax credit program may not have valid mortgages and may not legally… more »

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