Jump to content
House Price Crash Forum


New Members
  • Content Count

  • Joined

  • Last visited

About cybervigilantes

  • Rank
    HPC Newbie
  1. This weeks economic commentary from sott.net
  2. This weeks economic commentary from sott.net
  3. This weeks economic commentary from sott.net
  4. This weeks economic commentary from sott.net
  5. This weeks economic commentary from sott.net
  6. This week's summary from Signs Economic Commentary for 4 February 2008:
  7. http://www.sott.net/articles/show/147923-S...28-January-2008 This week Donald Hunt discusses why we all felt that sick feeling in the pit of our stomach. We know this is coming, yet when it comes it scares the begeebusses out of us:
  8. A great article that sums up where the US going here: http://www.sott.net/articles/show/147855-C...a-as-we-know-it "The U.S. government, once crafted as a system that would serve the interests of the people, has devolved into a system of plutocracy where corporations control both the government and the people."
  9. There is a certain degree of truth in the vids you mention. A recent book that is firmly backed up by research and supporting evidence is from the Guardian contributor, Naomi Klein. 'the shock doctrine' see a review here: http://www.sott.net/articles/show/143437-S...Shock-Doctrine- "Disaster Capitalism-Microcosm and Macrocosm Disaster capitalism is according to Klein "...orchestrated raids on the public sphere in the wake of catastrophic events, combined with the treatment of disasters as exciting market opportunities." (6) It has its origins in the "Chicago School" of economics made famous and perpetuated for decades by University of Chicago economics professor, Milton Friedman, who actually coined the phrase "shock treatment" to describe the psychological pummeling of societies and individuals who might stand in the way of or could be made more useful to the advancement of corporate goals. One recent example was the dramatic use of shock and awe, including using those very words to describe it, against the nation of Iraq during the invasion by the U.S. in 2003. A more recent example to which Klein devotes a great deal of attention is the devastation of New Orleans during and after Hurricane Katrina. The endgame of disaster capitalism is the total privatization of what have throughout American history been state services. Not surprisingly, the ultimate outcome of unbridled disaster capitalism will be the supplanting of government by corporations." video here:http://www.sott.net/articles/show/142775-Video-The-Shock-Doctrine
  10. News about political upheavals, signs of impending economic disaster or projected natural catastrophes tend to generate strong 'fight or flight' emotional reactions in readers. We want to sell all we own, run for the hills and barricade ourselves in a fully stocked compound - preferably one with a bomb and meteorite shelter attached to it. Major changes to our lifestyle are inevitable; yet the time frame and the exact way the changes will occur are uncertain, which only adds to our stress. I grew up in Russia during the collapse of the Soviet Union and the accompanying economic upheaval, i.e., during the time of high uncertainty. I was 10 when the Perestroika started in 1985. The economic situation got progressively worse, with the very worst hitting in the early 90-s. I admit I don't remember things as well as I should have. Psychologically and physically, I was sheltered by my age and its petty egotistical concerns, by my parents' effort to provide for the family, and by living in a close-knit community that had a lot of strength, spirit and intellectual resources. Now that I think about it though, memories and conclusions are coming up that I never thought about. Some of them are unexpected and counterintuitive to the prevailing survivalist mentality; but they may be relevant to the coming changes and end up being useful to someone. more:>>http://www.sott.net/articles/show/147683-Survival-in-Times-of-Uncertainty-Growing-Up-in-Russia-in-the-1990s
  11. This weeks commentary after a volatile week: http://www.sott.net/articles/show/147537-S...21-January-2007
  12. This weeks commentary in full: http://www.sott.net/articles/show/147186-S...14-January-2007 Summary: Gold continued to shoot up in price last week, ending just below $900 an ounce. Oil, however, dropped sharply, due to concerns about economic recession (which lowers demand for energy). The evidence for recession in 2008 continued to mount this week with the release of bad holiday sales figures for the major U.S. retailers. The once strong Countrywide mortgage company was bought by Bank of America and Citigroup got another infusion of cash from a Saudi prince and China. Recession fears also pushed U.S. stocks sharply down at the end of the week. Last week we continued a look into the reasons why capitalism makes everyone, poor and rich, so miserable. This week, we delve into the inner workings of capitalism to give a better idea of how and why the economy reached its current dismal state. The edition last week can be found here: http://www.sott.net/articles/show/146786-S...-7-January-2008 Summary: Stocks continued to plummet in the United States last week. The NASDAQ in particular, dropped almost 7%. The latest official unemployment numbers came out and, even with all the undercounting they do, it rose to 5%, spooking the media into finally acknowledging the recession. This week, we look at selfish capitalism, the Post-Bush regime, and a new War of Terror that is most certainly tied to the current economic chaos.
  13. Every week the alternative news site www.sott.net produces economic commentary of a bearish outlook for the global economy. The current edition discusses the housing bubble in the US and its implications: Summary: Gold and oil rose again and the dollar fell last week continuing trends that were interrupted last week in a classic short-lived "correction." Right now with real estate and the dollar no one really knows where the bottom is, and with gold and oil, no one knows where the top is. One analyst even predicted a 90% drop in the value of the dollar. How many times do we have to read that "we've never been in this situation before," or "we are going to see economic times the likes of which no living person has seen," before we get the picture?
  14. Hi, I've been reading hpc for about two years now, and pretty much based on articles here, consequently sold a flat and moved to the middle east, I have the modest capital sitting in a bank gathering dust, wondering how to stop it from depreciating. I keep a keen eye on what is happening on the rainy-island and check out the daily newsblog to keep uptodate. I just read the thread on dubai property, just in time, since I was considering buying an off-plan investment there. So many thanks!
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.