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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

Red Banner issue 60 out now 13:18 Jun 22 0 comments

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Anti-Empire

The Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire

In 3 War Years Russia Will Have Spent $3... Thu May 09, 2024 02:17 | Anti-Empire

UK Sending Missiles to Be Fired Into Rus... Tue May 07, 2024 14:17 | Marko MarjanoviÄ‡

US Gives Weapons to Taiwan for Free, The... Fri May 03, 2024 03:55 | Anti-Empire

Russia Has 17 Percent More Defense Jobs ... Tue Apr 30, 2024 11:56 | Marko MarjanoviÄ‡

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
Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by

Lockdown Skeptics

The BBC Has ?Fact-Checked? Labour?s Claim that Renewables are Cheaper than Fossil Fuels and Declared... Tue Jul 23, 2024 07:00 | Paul Homewood
The BBC has ?fact-checked? Labour's claim that a unit of power from a new solar or wind project is cheaper than the cost from a new gas generator and found it to be true. But it's false, says Paul Homewood.
The post The BBC Has ?Fact-Checked? Labour?s Claim that Renewables are Cheaper than Fossil Fuels and Declared it to be True. But it?s False appeared first on The Daily Sceptic.

News Round-Up Tue Jul 23, 2024 01:16 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

Will Trump Ever Admit Lockdown Was a Mistake? Mon Jul 22, 2024 19:35 | Jeffrey A. Tucker
Will Trump ever admit he was wrong to back lockdown in March 2020 ? a decision that doomed America to years of crisis and sank his re-election hopes that year? Jeffrey Tucker is hopeful that truth will finally prevail.
The post Will Trump Ever Admit Lockdown Was a Mistake? appeared first on The Daily Sceptic.

Joe Biden Out in Apparent Palace Coup Mon Jul 22, 2024 17:30 | Eugyppius
Biden's team was still obliviously tweeting his resolve to fight on hours after he had decided to step down. So was the matter taken out of his hands? It has all the signs of an opportunistic palace coup, says Eugyppius.
The post Joe Biden Out in Apparent Palace Coup appeared first on The Daily Sceptic.

Who Will Guard Us Against the Guardian?s ?Fact Checks?? Mon Jul 22, 2024 15:34 | David Craig
The Guardian has published a 'fact check' of Donald Trump's claims about inflation and immigration. Just one problem, says David Craig: the 'fact check' gets its facts wrong. Who will guard us against the Guardian?
The post Who Will Guard Us Against the Guardian’s ‘Fact Checks’? appeared first on The Daily Sceptic.

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Voltaire Network

Voltaire, international edition

Netanyahu soon to appear before the US Congress? It will be decisive for the suc... Thu Jul 04, 2024 04:44 | en

Voltaire, International Newsletter N°93 Fri Jun 28, 2024 14:49 | en

Will Israel succeed in attacking Lebanon and pushing the United States to nuke I... Fri Jun 28, 2024 14:40 | en

Will Netanyahu launch tactical nuclear bombs (sic) against Hezbollah, with US su... Thu Jun 27, 2024 12:09 | en

Will Israel provoke a cataclysm?, by Thierry Meyssan Tue Jun 25, 2024 06:59 | 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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