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Tag Archives: Economic Collapse
Richard D. Jehn : Moving Through the End of Growth
Transformation time. Image from Fluxed Up World.Moving through the end of growthand the collapse of the U.S. as we know it Welcome to the New World. By Richard D. Jehn | The Rag Blog | January 10, 2012 Although my … Continue reading
FILM / Lamar W. Hankins : 2008 Economic Crash Was an ‘Inside Job’
The economic crash of 2008:An ‘Inside Job‘ By Lamar W. Hankins | The Rag Blog | November 8, 2011 A fair summary of the award-winning documentary Inside Job is this: The economic crisis that culminated in bailouts in 2008 was … Continue reading
Posted in Rag Bloggers
Tagged Banking, Economic Collapse, Film, Finance, Great Recession, Inside Job, Lamar W. Hankins
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Financial Meltdown : The 12 Corrupt Deals That Caused it
Graphic from The Energy Source. $5 billion in lobbying for 12 corrupt deals caused the multi-trillion dollar financial meltdown. It got the finance industry lucrative legislative favors that paved the way for Wall Street’s devastating collapse. By Robert Weissman / … Continue reading
Posted in RagBlog
Tagged Congress, Deregulation, Economic Collapse, Financial Crisis, Lobbyists, Political Corruption
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Loving: She’ll Be Comin’ ‘Round the Mountain
Cartoon by Charlie Loving / The Rag Blog
Roger Baker on the Economy : Sick and Getting Sicker
Image: 1929 Rollin Kirby cartoon on Stock Market Crash, courtesy of Kiko’s House.‘At this point, even megadoses of federal stimulation are having little effect in restoring confidence and reflating the collapsing bubble of US capital investment.’By Roger Baker / The … Continue reading
Posted in Rag Bloggers
Tagged Economic Collapse, Economic Recovery, Economic Stimulus, Federal Reserve, Global Economy
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Our Economic Trainwreck : Trying to Get Back on Track
The Wrecked Economy: What has Been Done to Address ItBy Sherman DeBrosse / The Rag Blog / December 17, 2008 [This is the second of a three-part series on the economy by The Rag Blog’s Sherman DeBrosse.] When Secretary of … Continue reading
Posted in Rag Bloggers
Tagged Economic Collapse, Economic Recovery, Economy, Federal Reserve, Henry Paulson, Treasury Dept.
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US Household Worth Takes a Nosedive : How Do We Get Out of This Mess?
Updated December 17, 2008 Americans strapped for cash so they’re not spending; How will the government pay back all the cash it’s creating?By Roger Baker / The Rag Blog / December 16, 2008 See ‘Household Net Worth in U.S. Declines … Continue reading
Sherman DeBrosse : Our Economic Trainwreck
‘The financial crisis involves a great deal more than shaky home mortgagers. The key problem is that our financial markets have been deregulated and, lacking policing, have engaged in a massive speculative binge.’ By Sherman DeBrosse / The Rag Blog … Continue reading
Posted in Rag Bloggers
Tagged American History, Economic Collapse, Economy, Financial Crisis, Great Depression
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Housing Crisis: 8 Million Foreclosures in 4 Years
Foreclosures could top 8 million: Credit SuisseBy MarketWatch / December 9, 2008 BOSTON — More than 8 million mortgages could go into foreclosure in coming years in the wake of the credit meltdown as the economy worsens and the U.S. … Continue reading
Roger Baker : Getting a Read on this Economy Business
‘We can now observe that the creation of unlimited credit by unregulated investment banks, together with peak/near peak oil causing a steep oil price rise, is together enough to trigger a panicky deflationary spiral that has its own complex dynamics.’ … Continue reading
Posted in Rag Bloggers
Tagged China, Economic Collapse, Economic Crisis, Financial Crisis, Fossil Fuels, Peak Oil, Recession, World Economy
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Robert Jensen : Real Hope: Facing Difficult Truths About an Uncertain Future
Photo: ‘Contemplating an Uncertain Future’ by Phil Bebbington.‘If there is to be a decent future for humanity — indeed, any future at all — we must face painful realities with intellectual honesty and moral strength.’By Robert Jensen / The Rag … Continue reading
Posted in Rag Bloggers
Tagged Economic Collapse, Progressive Movement, Social Activism, Texas, UT-Austin
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