Why Going Back To Normal Is No Longer An Option For The American Economy–And Where We're Headed Now, By Sara Robinson

Why Going Back To Normal Is No Longer An Option For The American Economy–And Where We're Headed Now, By Sara Robinson

Stop waiting. ‘Cause that train’s gone, and it ain’t coming back. And the sooner we accept that “normal,” as post WWII America knew and loved it, will not be an option in this century, the sooner we’ll get ourselves moving forward on the path toward a new kind of prosperity. The only real question now is: What future awaits us on the other side of the coming shift?

Global Systemic Crisis: USA 2012/2016: An Insolvent And Ungovernable Country

Global Systemic Crisis: USA 2012/2016: An Insolvent And Ungovernable Country

Already insolvent it will become ungovernable bringing about, for Americans and those who depend on the United States violent and destructive economic, financial, monetary, geopolitical and social shocks. If the United States today is already very different from the “super-power” of 2006, the year the first GEAB was published, announcing the global systemic crisis and the end of the all-powerful US, the changes we anticipate for the 2012-2016 period are even more important, and will radically transform the country’s institutional system, its social fabric and its economic and financial weight.

A Conversation About Europe With Dmitry Orlov

A Conversation About Europe With Dmitry Orlov

A far-reaching, fundamental transition, such as the one we are discussing, is impossible without the ability to improvise, to be flexible—in effect, to be able to abandon who you have been and to change who you are in favor of what the moment demands. Paradoxically, it is usually the young and the old, who have nothing to lose, who do the best, and it is the successful, productive people between 30 and 60 who do the worst. It takes a certain detachment from all that is abstract and impersonal, and a personal approach to everyone around you, to navigate the new landscape.

30,000 Billion US Dollars In Ghost Assets Will Disappear By Early 2013–The Widespread Discounting Of Western Public Debt

30,000 Billion US Dollars In Ghost Assets Will Disappear By Early 2013–The Widespread Discounting Of Western Public Debt

In this GEAB N°59 we will analyze in detail this new phase of the crisis as well as the deepening US debt crisis. Moreover, we will begin to present, as indicated in previous GEABs, our forecasts about the future of the United States between 2012 and 2016 (5) starting with a fundamental aspect of Euro-US relations (and more generally the global system that has been in place since 1945), namely the strategic and military relations between the US and Europe. We have estimated that by 2017 the last US soldier will have left European continental soil. Finally, LEAP/E2020 will present its recommendations, dealing this month with currency, gold, capital-based pensions, the financial sector, and commodities.

New Phase Of Global Debt Crisis: Widespread Discounting Of Western Public Debt

New Phase Of Global Debt Crisis: Widespread Discounting Of Western Public Debt

In this GEAB N°59 we will analyze in detail this new phase of the crisis as well as the deepening US debt crisis. Moreover, we will begin to present, as indicated in previous GEABs, our forecasts about the future of the United States between 2012 and 2016 (5) starting with a fundamental aspect of Euro-US relations (and more generally the global system that has been in place since 1945), namely the strategic and military relations between the US and Europe. We have estimated that by 2017 the last US soldier will have left European continental soil. Finally, LEAP/E2020 will present its recommendations, dealing this month with currency, gold, capital-based pensions, the financial sector, and commodities.

Economic Collapse? We're Soaking In It, By Brandon Smith

Economic Collapse? We're Soaking In It, By Brandon Smith

Most will ask for solutions, and there are in fact many, far beyond the scope of this article. But the first and most important is that of dedication, and determination. This time, the time we have from the moment we wake up to the existence of the danger to the moment the danger strikes, is not a time to passively wait, a time to apathetically reflect, or a time to selfishly waste; it is a time to act. Remove your fears and frustrations from the equation and press forward, starting with the people closest to you. If you will not help them to awake to the fast approaching ground below, then who will?

Imagining The Post-Industrial Economy, By Sharon Astyk

Imagining The Post-Industrial Economy, By Sharon Astyk

Here is the single biggest question to consider about the economic, energy and environmental unwinding we are facing – what will the economy look as we go? I get more questions about this than about anything else – what should people do for work, what should they do with savings, how should they begin to prepare themselves for a lower energy world. What I find, however, is that among both the prepared and the unprepared, there’s a whole lot of people kidding themselves. There are those who imagine that there is no economy outside the world of the stock market and formal jobs – that a crash in those things is the end of the world, which means to them either that it can’t happen or they should buy a bunker and some ammo. Others have imagined themselves “free’ of all economic structures larger than the neighborhood, cheerfully providing most of their needs or bartering and never again touching cash. Both ideas fall into the realm of fantasy.

Roubini Predicts Eurozone Collapse; World Markets To Follow

Roubini Predicts Eurozone Collapse; World Markets To Follow

Noted American economist Nouriel Roubini says the eurozone is in the midst of crumbling, and with the rest of the world’s future at stake with a potential collapse, they might want to listen up — Roubini has been right before. Speaking privately at a get-together this week at his apartment, those in attendance have since leaked that Roubini, who manages the Roubini Global Economics firm, has low-expectations for resurgence in the eurozone. According to the economist, a collapse is imminent as the economy overseas gets more chaotic.