Saturday, February 21, 2009

Big Dan's Big News Feb 21, 2009

The credit crisis made easy! In cartoon form! For dummies like me! Yippee!!! (brought to you by the famous commenter ž)

Add Financial Crisis to your page

Does Goldman Sachs Run the World?

"Confessions of an Economic Hit Man" author John Perkins spent three decades as an Economic Hit Man, argues that the United states has created a modern-day empire through the use of economic blackmail and the undermining of foreign governments.

Add Financial Crisis to your page


Do you know what happened ONE DAY before 9/11??? Watch:

Add 9/11 to your page

Stages of Collapse

Stage 1: Financial - Faith in "business as usual" is lost. The future is no longer assumed resemble the past in any way that allows risk to be assessed and financial assets to be guaranteed. Financial institutions become insolvent; savings are wiped out, and access to capital is lost.

Stage 2: Commercial - Faith that "the market shall provide" is lost. Money is devalued and/or becomes scarce, commodities are hoarded, import and retail chains break down, and widespread shortages of survival necessities become the norm.

Stage 3: Political - Faith that "the government will take care of you" is lost. As official attempts to mitigate widespread loss of access to commercial sources of survival necessities fail to make a difference, the political establishment loses legitimacy and relevance.

Stage 4: Social - Faith that "your people will take care of you" is lost, as local social institutions, be they charities or other groups that rush in to fill the power vacuum run out of resources or fail through internal conflict.

Stage 5: Cultural - Faith in "the goodness of humanity" is lost. People lose their capacity for "kindness, generosity, consideration, affection, honesty, hospitality, compassion, charity" (Turnbull, The Mountain People). Families disband and compete as individuals for scarce resources. The new motto becomes "May you die today so that I die tomorrow" (Solzhenitsyn, The Gulag Archipelago).

George Carlin on Death - RIP

blog comments powered by Disqus