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France Rises Up Against the New Fascism - Vaccine Passports 23:57 Jul 21 3 comments

George Floyd: one death too many in the “land of the free” 23:58 Jun 23 0 comments

The leveraged buyout, exploitation and punishment beating of Greece as warning to others. 11:45 May 11 0 comments

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North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

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The Saker

A bird's eye view of the vineyard

Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog.? We are also making archives of the blog available for free download in various formats (see below).?

What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
2023/02/27 19:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
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Lockdown Skeptics

Backlash as Cows Given Synthetic Additive in Feed to Hit Net Zero Thu Nov 28, 2024 17:00 | Will Jones
Europe's biggest dairy company Arla is facing a backlash after giving cows Bovaer, a synthetic additive to their feed in an?attempt to cut their methane emissions as part of the Net Zero drive.
The post Backlash as Cows Given Synthetic Additive in Feed to Hit Net Zero appeared first on The Daily Sceptic.

Trump Appoints Lockdown Sceptic Jay Bhattacharya to Head National Institutes of Health Thu Nov 28, 2024 15:10 | Will Jones
Donald Trump has appointed Jay Bhattacharya, a prominent lockdown sceptic and co-author of the Great Barrington Declaration, to lead the National Institutes of Health.
The post Trump Appoints Lockdown Sceptic Jay Bhattacharya to Head National Institutes of Health appeared first on The Daily Sceptic.

Is There a Right to Die? Thu Nov 28, 2024 13:00 | James Alexander
Is there a right to die? As the Assisted Dying Bill vote looms, Prof James Alexander ponders the issues, asking if the whole debate would change if we think of it in terms of duties instead of rights.
The post Is There a Right to Die? appeared first on The Daily Sceptic.

Net Migration Hit Almost One Million Last Year as ONS Revises Figures Thu Nov 28, 2024 11:19 | Will Jones
Net migration?hit a record high of nearly one million in 2023, 170,000 more than previously thought, in an extraordinary indictment of the Tories' post-Brexit record on 'cutting immigration'. No wonder the NHS is overrun.
The post Net Migration Hit Almost One Million Last Year as ONS Revises Figures appeared first on The Daily Sceptic.

Time for Starmer to Be Honest About What Net Zero Means: Rationing, Blackouts and Travel Restriction... Thu Nov 28, 2024 09:00 | Chris Morrison
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The post Time for Starmer to Be Honest About What Net Zero Means: Rationing, Blackouts and Travel Restrictions in the Next Five Years appeared first on The Daily Sceptic.

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Voltaire Network

Voltaire, international edition

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Voltaire, International Newsletter N?109 Fri Nov 22, 2024 14:00 | en

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Donald Trump, an Andrew Jackson 2.0? , by Thierry Meyssan Tue Nov 19, 2024 06:59 | en

Voltaire, International Newsletter N?108 Sat Nov 16, 2024 07:06 | en

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Zombie Housing, Zombie Banks, Zombie Governments: Economy Cassandra Says Marx was Right

international | anti-capitalism | opinion/analysis

Sunday August 21, 2011 17:18

by Roy Batty

roy at wheresmyfuckingmoney dot com

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"Karl Marx had it right. At some point capitalism can destroy itself because you cannot keep on shifting income from labor to capital without not having excess capacity and a lack of aggregate demand, and that's what's happening." --Nouriel Roubini

Karl Marx

Karl Marx

Economist Nouriel Roubini says the risk of a global recession is greater than 50 percent, and the next two to three months will reveal the economy's direction. The economist who predicted the financial meltdown in 2005 says Marx was correct that capitalism can collapse. Fortune Magazine: "In 2005 Roubini said home prices were riding a speculative wave that would soon sink the economy. Back then the professor was called a Cassandra. Now he's a sage." Paul Krugman (2009): "Nouriel Roubini was right. At a time when the likes of Alan Greenspan were dismissing concerns about excessive home prices and declaring that banks were stronger than ever, Roubini warned that there was a monstrous bubble in the housing market and that the bursting of that bubble would cause much of the financial system to collapse. And so it has turned out, with even the most seemingly outlandish of Roubini's predictions matched or even exceeded by reality." In a fascinating interview with The Wall Street Journal's Simon Constable, Dr. Roubini doesn't have much good to say about the future. In fact, his answer to Mr. Constable's first question, "What can we do to get the economy going?" is "Probably very little." See full article and video at http://wheresmyfuckingmoney.com/2011/08/zombie-housing-...ight/

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Comments (5 of 5)

#	Title	Author	Date
1	Europe’s economic crisis spins out of control	T	Sun Aug 21, 2011 22:56
2	Stock market panics and the danger of another recession	P	Mon Aug 22, 2011 12:24
3	part of the game	opus diablos	Mon Aug 22, 2011 12:38
4	On which subject..	opus diablos	Tue Aug 23, 2011 12:17
5	Hudson	Rian	Mon Aug 29, 2011 14:30

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