SR has been covering the rise of Oklahoma earthquakes since they first began, and it has been fascinating in a macabre kind of way to watch the people of Oklahoma vote again and again for politicians who support Fracking, even as their homes are falling down as a result of Fracking.
In a forceful interview with German newspaper Die Zeit, the star economist Thomas Piketty calls for a major conference on debt. Germany, in particular, should not withhold help from Greece.
Cash would still be used as a medium of exchange, but it would lose its significance as a store of value. In a way, that's what central banks are trying to achieve when they keep lowering interest rates, sometimes breaching what is called the “zero bound.” They want money to get out and work rather than languish in bank accounts, with the idea that spending will increase demand and thus inflation rather than deflation.
As this report spells out, “By 2030, Asia-Pacific countries will comprise nearly two-thirds of the global middle class, dwarfing the projected one-fifth for Europe and North America combined.” Along with climate change this is one of the great geopolitical meta-trends that will define the 21st century. In the U.S., one has to also add The Emerging White Minority Trend. And yet you will find barely a mention of this anywhere in corporate media. Why is that do you think? Austerity economics and deregulation have virtually destroyed the American middle class, certainly made it a shadow of its former self. In those European countries which embraced Austerity Economics a similar process has been going on. At the same time India, China, the Asia-Pacific nations, are creating a middle class that will dwarf its White counterpart. Power will shift. Our intransigence concerning climate change, means leadership will go elsewhere, and will increase the speed of this transfer. We are going into a different world. And because profit is our only cultural priority, we are doing it rather badly.
The presentation caused quite a stir but it was when Nobel Prize winner Barry Blumberg approached Mr. LeClair and told him that he believed his theory was the most sound that he had heard yet, that Mark had gotten the jolt he needed to see an old problem with new eyes.
USA Not #1 in Health, Family, Income and More: Ranks #29 Among 30 Countries
When someone tells you the United States is the best country in the world to live, ask them on what grounds or with what data do they make this claim. They would not make such a statement if they had all the facts marshalled in the ebook-report summarized in this article. The author looks at, according to Paul Rosenberg, “eight indicators each in seven categories, ranking counties in order along with precise figures for how they score. The seven categories are: health, family, education, income and leisure, freedom and democracy, public order and safety, and generosity. Indicators include things like life expectancy at birth, infant mortality rate, share of income received by richest 10 per cent, years of life lost in injury, etc.”
The problem is not Greece, the problem is in how the EU set up its finance and banking system. And yes, unless we get a serious reform going, the EU is likely to see economic collapse.
Never forget this: The EU is in trouble not because of Greece, but because of forced supranational interdependency. The EU by all rights should not exist, nor should any centralized supranational single currency system.