What these modern bubbles, and most historical ones, seem to share is government “leadership” and government blessings, and a taxpayer (born and unborn) subsidy of this or that investment. Ponzi schemes of all kinds lead to bubbles, promises of easy gains for low risk that, when they come due or are discovered, collapse swiftly and […]
Posts Tagged ‘next’
The Next Bubbles? An Impending Collapse of Foreign Military Aid?
‘Very Muted Growth’ Coming for Next 10 Years: Faber
Jeff Cox CNBC Aug 23, 2011 Both the U.S. and Europe are facing a decade of slow growth brought on primarily by the blunders of central banks, noted doomsayer Marc Faber said. Investors should protect themselves by buying plenty of physical gold and putting it in a secure location, preferably outside the U.S., the author […]
‘Libya = Iraq 2.0, boots on ground & turbo-capitalism next’
RT Aug 23, 2011 Asia Times correspondent Pepe Escobar believes as soon as Western countries get Libyan oil contracts they’ll want boots on the ground to secure them. Print this page. Comment Rules 3 Responses to “‘Libya = Iraq 2.0, boots on ground turbo-capitalism next’” And the President OBAMA and his chills on the left […]
‘Libya likely to become next Iraq’
Press TV Aug 22, 2011 NATO’s invasion of Tripoli prompts discussion of a potential occupation of Libya where the people of Libya could experience the suffering of Iraq. Press TV talks with Jeff Steinberg, Executive Intelligence Review, in Washington who claims this is a heavy NATO invasion of Tripoli not the outcome of a civil […]