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."
Mna n hEireann should take note of Latvia's experience -"No People, No Problem": The Baltic Tigers' False Prophets of Austerity By Jeffrey Sommers, Arunas Juska and Michael Hudson*. Ignore our politicians' rhetoric about the value of 'seeing the world', exporting our young was ever the way to avoid dealing with entrenched interests (usually older) in Ireland.