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Joined: Tue Nov 09, 2010 10:23 am
Mon Feb 13, 2012 8:35 am
Re: We Are Getting Dangerously Close To A Major War In The M
Picasso Moon wrote:I have never in the least detected any ill will from you towards me, mcgowanjm.
What's different about this crisis of capital as a mode of production:
- The vast overhang of global debt, totally unprecedented, meaning that a destructive devaluation of capital would have to be far bigger than any in preceding crises, far beyond what anyone could have imagained.
- The high level of global organization, meaning that further organization is not a route out of the crisis.
- The simultaneous and interweaving crises of the ecosphere and of resources, particularly energy, particularly OIL.
I'll go with All the above, except substitute 'disappearance' for 'devaluation'.
Cash money up front before anything moves.
More and more data continues to come in which indicates that the media narrative about the economy being on the upswing, fueled in large measure by the January month jobs report from the Bureau of Labor Lying statistics and the booming of the horrendously manipulated stock market, is a flat out falsehood. Just in the past week there have been reports that American gasoline consumption is cratering along with the Baltic Dry Index (which measures global shipping rates), indicating a massive slowdown in the economy. And now comes word that taxes revenues in the nation's largest state also went into free fall in January. Here is Bloomberg with the details:
