Showing results for tag "economic collapse"
It has been said that democracy is nothing more than mob rule dressed in a suit and tie.
At this point, it has become apparent that the EU has, in its short history as a governing body, constricted free trade, forced equalization of legislation upon differing cultures and created massive debt.
Legendary speculator Doug Casey explains the difference between a national government and a nation's economy, why the latter cannot be trusted with the former, and his perspective on today's markets.
If we have a brief look back at the Great Depression, what essentially led up to it, then triggered it, we may see some similarities to our present situation. If we then observe how the world’s governments dealt with the situation, we may possibly gain some insight as to what they will do this time and, more importantly, what the outcome may be this time.
As we all observe the Great Unraveling, the slow slide into the second half of the storm that some of us regard as the Greater Depression, an increasing number of people, particularly in Europe and the US, are asking how this will all play out. How will I know when it is time to get out?
Why democracies are doomed to die.
Today we bring you a different type of article from Jeff Thomas. As International Man has grown, more and more readers have come to see Jeff as an interesting and insightful writer on what's coming round the bend from a geo-eco-political point of view. Following is a compilation of some of the questions he's received directly from our readers, formatted into an interview format. Enjoy.
The quote is from William Gouge, commenting on the Panic of 1819. The panic had been caused when the First Bank of the United States had first expanded the money supply dramatically by offering loans, then contracted the money supply by tightening its requirements for new loans, causing a crash.
Back in the early 2000's, the world was on a roll. Spending was at an all-time high, and people were drunk with the belief that the party would never end; that there was no limit to the amount that either they or their governments could borrow and spend and still, somehow, all would be well.
By the time the breakdown of the global economic system has occurred, the currency, be it the US dollar or the Euro, will have collapsed. At this stage, will the country reach a Mad Max scenario (minus the leather outfits and interesting vehicles)?
With all the study and thought that are required to make sense out of how the Great Unraveling will play out, we seldom take time to think of what it will be like on the other side. Those of us who are, by nature, long-term thinkers and/or optimistic, have a vague picture in mind of a rebirth of libertarian thinking, and a vibrant economy.
Departure from one's country may not be the ideal answer for every person who is experiencing an increase in tyranny in his country. Conditions will vary from country to country, and situations will vary as to how each individual is likely to be affected by those conditions. However, if the individual's negative future prospects are extreme enough to warrant relocation, the greatest enemy is procrastination.
What does a classic American sitcom have to do with the troubles of Europe? Jeff Thomas tells us.
It will be no surprise that, in much of the developed world, the current zeitgeist is one of impending economic (and sometimes political) collapse. Today, Jeff Thomas questions how we came to this situation and puts forward three theories that might help explain it.
Just as there is a technique to avoid being thrown from a bucking bronco, there is a right way to survive the continuing wild ride in the economy. Get a good grip, remain flexible and, as much as possible, go with the flow. Jeff Thomas explains.
Entitlements are a dangerous thing for an economy and in today's article, Jeff Thomas analyzes where such things come from and where they can lead.
With so many economic problems in the world, why is so much attention being paid to the Greek woes? Is there more to the Greek debt problem than is apparent on the surface? Jeff Thomas considers various possibilities and why we should pay attention.
While using gold as collateral for a loan might be uncommon, it is certainly not impossible... especially when it comes from governments who basically consider the yellow metal a relic of more barbaric times. Well, in the strange world we live in, this might not be so far off the mark, as Jeff Thomas explains.
As the second half of the Greater Depression seems set to begin, fear will dominate the hearts and minds of many. Still, there are ways to endure through the hard times, and indeed, to even improve one's financial situation. Jeff Thomas considers that age old investment that now makes sense more than ever.
As a general rule, I don't pay much attention to the talking heads on the news networks nor the politicians who argue with each other about who can better butter-up the voters - if I want to see chimpanzees screaming at each other, I can go to the zoo. However, there is occasionally a time when they are of some use... and that is when you need to get a sense of what the general population spends their time thinking about. Nowadays, that seems to be some generalized sense of worry followed by a "we need those guys in government to do something about it".
The idea that Europe might represent the next great opportunity may well receive some skepticism from our readers... and rightly so.
Some of your friends, family and associates will never buy gold. Others want you to tell them what to do and exactly when to buy. In one sense, advice applied to those marauders of the picnic basket apply just as readily here: Don't feed 'em. If you do, prepare for potential consequences, as Jeff Thomas explains in today's feature.
International Man receives many comments from readers, both by email and in the comments area of an article. As one might expect, some support the argument made in the piece and other (sometimes vehemently) disagree. This is particularly true with one of our most consistent authors, Jeff Thomas. Today, Jeff addresses some of the notes received on past articles...
Recently, an International Man member e-mailed us a video about a man from Illinois who faces life in prison for filming the police without written permission.
It's no secret that the European Union is on the skids - every day new twists in the sovereign debt crisis dominate the headlines. But if the EU does break up, what will rise in its place? Jeff Thomas explores and weighs the possibilities.
The criminal finance system that is in place around the world has just lost another participant and, if enough bricks are removed, the wall may come down completely and we will all be able to see the true nature of the beast within. Ann Barnhardt of Barnhardt Capital Management, wrote the following points as part of an open letter to friends, clients and industry colleagues when she closed operations at her firm on November 17, primarily due to realizations made as a result of the MF Global collapse.
It seems obvious that the world economy is heading for a crash. But what will become of America after the crash? Will the same pioneering spirit that founded the nation return to reconstruct it? Will America bounce back? IM correspondent Jeff Thomas thinks not.
It's time the average person on the street faces facts: bailouts, subsidies and handouts cannot continue indefinitely. Yet, for some reason, they expect it to not only continue, but for governments to increase the amounts given out. Pretty much all of our members already realize this, and have taken or are taking steps to prepare for economic problems ahead. Of course, it won't just be a problem of economics. Today, Jeff Thomas looks at another aspect of the upcoming crisis: social upheaval.
It's an odd question and for most of our readers, it's irrelevant. In fact, the opposite is probably true - we have too much to eat and, at least for those in the developed nations, that's causing an epidemic of cardiovascular diseases, diabetes and cancer. But what if it were different? Most people don't like to think about it, but what would happen if there was a wholesale interruption in the food distribution system in major cities like New York, Los Angeles or London? What would happen when people realize they can't feed their families - if even for a few weeks? Riots? Revolution? Sadly, the relative fragility of the system could eventually lead to such a situation. Jeff Thomas explains.
We hear from those in the know that the economic crisis that began in 2008 is nowhere near finished. In fact, we're barely even started. The current financial system is collapsing and the crisis is not going to end until the decades-old distortions created by government manipulation of the money supply are wound down.
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