By Philip Pilkington, a journalist and writer living in Dublin, Ireland. Cross posted in Naked Capitalism In 2008 profits in the US economy crashed out. But they soon bounced back. This bounce was largely due to the profits being reaped in the financial sector – which sickened many given that 2008 was in large measure [...]
Ann Pettifor is depressing reading in her blog ‘Debtonation’. She was right before and sadly, likely to be so again. …We, and many others, expect the banks of all the major OECD economies to collapse over the next few months. This will drag the UK, Eurozone and US down. In other words, and to be [...]
Quoting from John Grail in the Guardian Bill Mitchell in Billyblog elaborates why exactly the Euro is not and never was a success in any of the ways that matter. [...]
Good post by Cian O’Callaghan describing the frustrating size of the task before us – and the Occupy movement in the irelandafternama blog. [...]
Writing in the Asian Times, Chris Cook gives a very useful and to my mind accurate description of the evolution of our current money system. He predicts a crash in oil and other commodity prices in the first quarter of 2012. He was also bold enough to predict the form of the new economy to emerge post the mayhem of this crash.
Bill Mitchell outlines in comprehensive and heart sinking detail the impossibility of recovery under the current 'austerity reich'. Hes says "Ireland will struggle while they remain in the Eurozone. The system is geared heavily against them."