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Why Obama’s Regulators Let Wall Street Bankers Off Easy

If there’s anything more maddening than the sheer scale of the financial fraud that sent America and the rest the planet spiraling into the economic abyss in 2008, it’s the fact that no Wall Street bankers have gone to jail for causing the mess. As in zero, zilch, none at all.

So at his farewell party last month to celebrate a lengthy career at the Securities and Exchange Commission (SEC)—the US regulatory agency that supposedly keeps Wall Street in check—James Kidney, a trial attorney who had been hamstrung for years by indifferent bosses, broke his silence and went off on an awesome rant about how no one in the financial sector fears the body supposedly policing their behavior. The SEC, in essence, is a joke.

Describing it as “an agency that polices the broken windows on the street level and rarely goes to the penthouse floors,” Kidney told an audience of fellow employees that they had dropped the ball because of a revolving door of corruption between the SEC and Wall Street megabanks. “I have had bosses, and bosses of my bosses, whose names we all know, who made little secret that they were here to punch their ticket. They mouthed serious regard for the mission of the Commission, but their actions were tentative and fearful in many instances,” he said.

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The research project is based on a new cross-disciplinary ‘Human And Nature DYnamical’ (HANDY) model, led by applied mathematician Safa Motesharri of the US National Science Foundation-supported National Socio-Environmental Synthesis Center, in association with a team of natural and social scientists. The study based on the HANDY model has been accepted for publication in the peer-reviewed Elsevier journal, Ecological Economics.

It finds that according to the historical record even advanced, complex civilisations are susceptible to collapse, raising questions about the sustainability of modern civilisation:

“The fall of the Roman Empire, and the equally (if not more) advanced Han, Mauryan, and Gupta Empires, as well as so many advanced Mesopotamian Empires, are all testimony to the fact that advanced, sophisticated, complex, and creative civilizations can be both fragile and impermanent.”

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Evolution of Civilisations: Prelude to Collapse (1)

By investigating the human-nature dynamics of these past cases of collapse, the project identifies the most salient interrelated factors which explain civilisational decline, and which may help determine the risk of collapse today: namely, Population, Climate, Water, Agriculture, and Energy.

These factors can lead to collapse when they converge to generate two crucial social features: “the stretching of resources due to the strain placed on the ecological carrying capacity”; and "the economic stratification of society into Elites [rich] and Masses (or “Commoners”) [poor]” These social phenomena have played “a central role in the character or in the process of the collapse,” in all such cases over “the last five thousand years.”

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Evolution of Civilisations: Prelude to Collapse (2)

Currently, high levels of economic stratification are linked directly to overconsumption of resources, with “Elites” based largely in industrialised countries responsible for both:

“… accumulated surplus is not evenly distributed throughout society, but rather has been controlled by an elite. The mass of the population, while producing the wealth, is only allocated a small portion of it by elites, usually at or just above subsistence levels.”

The study challenges those who argue that technology will resolve these challenges by increasing efficiency:

“Technological change can raise the efficiency of resource use, but it also tends to raise both per capita resource consumption and the scale of resource extraction, so that, absent policy effects, the increases in consumption often compensate for the increased efficiency of resource use.”

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END:CIV ‘Resist or Die’

Productivity increases in agriculture and industry over the last two centuries has come from “increased (rather than decreased) resource throughput,” despite dramatic efficiency gains over the same period.

Modelling a range of different scenarios, Motesharri and his colleagues conclude that under conditions “closely reflecting the reality of the world today… we find that collapse is difficult to avoid.” In the first of these scenarios, civilisation:

“…. appears to be on a sustainable path for quite a long time, but even using an optimal depletion rate and starting with a very small number of Elites, the Elites eventually consume too much, resulting in a famine among Commoners that eventually causes the collapse of society. It is important to note that this Type-L collapse is due to an inequality-induced famine that causes a loss of workers, rather than a collapse of Nature.”

Another scenario focuses on the role of continued resource exploitation, finding that “with a larger depletion rate, the decline of the Commoners occurs faster, while the Elites are still thriving, but eventually the Commoners collapse completely, followed by the Elites.”

In both scenarios, Elite wealth monopolies mean that they are buffered from the most “detrimental effects of the environmental collapse until much later than the Commoners”, allowing them to “continue ‘business as usual’ despite the impending catastrophe.” The same mechanism, they argue, could explain how “historical collapses were allowed to occur by elites who appear to be oblivious to the catastrophic trajectory (most clearly apparent in the Roman and Mayan cases).”

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Late Bronze Age collapse

Applying this lesson to our contemporary predicament, the study warns that:

“While some members of society might raise the alarm that the system is moving towards an impending collapse and therefore advocate structural changes to society in order to avoid it, Elites and their supporters, who opposed making these changes, could point to the long sustainable trajectory ‘so far’ in support of doing nothing.”

However, the scientists point out that the worst-case scenarios are by no means inevitable, and suggest that appropriate policy and structural changes could avoid collapse, if not pave the way toward a more stable civilisation.

The two key solutions are to reduce economic inequality so as to ensure fairer distribution of resources, and to dramatically reduce resource consumption by relying on less intensive renewable resources and reducing population growth:

“Collapse can be avoided and population can reach equilibrium if the per capita rate of depletion of nature is reduced to a sustainable level, and if resources are distributed in a reasonably equitable fashion.”

The NASA-funded HANDY model offers a highly credible wake-up call to governments, corporations and business – and consumers – to recognise that ‘business as usual’ cannot be sustained, and that policy and structural changes are required immediately.

Although the study is largely theoretical, a number of other more empirically-focused studies – by KPMG and the UK Government Office of Science for instance – have warned that the convergence of food, water and energy crises could create a ‘perfect storm’ within about fifteen years. But these ‘business as usual’ forecasts could be very conservative.

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To The Sky: Carl Sagan on the implications of technological progress

Source: Raw Story

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meet uncle sam!
—and how his debt causes 
eventual global economic collapse… 

20 Early Warning Signs Indicating that We are Approaching a Global Economic Meltdown

Many financial experts have indicated that the not only the United States, but all major currencies around the world are approaching an economic meltdown. Some say an economic collapse of this magnitude will make the great depression look like a cake walk.

What indicators have these

Read more at http://freedomprepper.com/1320/approaching-global-economic-meltdown/

Global Economic Crash Imminent

New Doomsday poll: 98% risk of 2014 stock crash (June 29, 2013)

Alessio Rastani Predicts A ‘Devastating’ Financial Crash In 2014 (October 25, 2013)

THE BIG SLEEP: Why The Stock Market Will Crash In A Few Months, Then Go Nowhere For Years (October 12, 2013)

'World could be plunged into crisis in 2014': Cambridge expert predicts 'a great event' will determine course of the century (June 17, 2010)

MEANS: U.S. economy on schedule to crash March 2014 (October 25, 2012)

People’s Bank of China announces emergency injection of liquidity after interbank lending rates shoot up (December 19, 2013)

Tomorrow’s the big day!

Watch on www.otpglobal.com

#GeraldCelente - Brian Wilson, WSPD - August 3, 2012

http://www.TrendsJournal.com

#GlobalEconomicCollapse   #Austerity  #Banksters 

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Global Economic Collapse? (by TheYoungTurks)



*Professor Farnsworth voice* Good news, everyone!!

Emerging Market Collapse

Turkey’s currency has collapsed further today, after a phone call leaked showing the country’s leader telling his son to start hiding piles of stolen cash, which may be as much as $1 billion. The currency has been declining throughout 2013, and had a rapid collapse at the start of 2014, prompting Central Bank interest rate hikes.

Meanwhile, Russia’s currency is also collapsing, and dragged the whole economy into recession in January.

China’s Yuan had a massive slide against the strengthening US dollar and Euro too.

Economic Collapse 2013: Global Economic Crisis Accelerating!

As month end rapidly approaches, so to does economic collapse in 2013, with many financial indicators pointing to an acceleration in the global economic crisis ultimately leading to global economic collapse.
If there was any debate about the global economic contraction, driven largely due to… Economic Collapse http://bit.ly/13uq2fp

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When Will The Economy Collapse? - StormCloudsGathering

A new study from researchers at Jay W. Forrester’s institute at MIT says that the world could suffer from “global economic collapse” and “precipitous population decline” if people continue to consume the world’s resources at the current pace. Continue Reading

The global economic collapse has become an eye-opening experience for many people. The ongoing crisis continues to create more joblessness at a time when the cost of essential items like food and energy continue to rise. Inflation is only expected to continue due to excessive printing of money Continue Reading

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Economic Armageddon and You (by paladex77)

I can only understand complex problems through simple illustrations.

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The Fall of America & the Western World

— CONTENTS —

The Economic Crisis // 00:00 - 01:02:11
Financial Armageddon // 01:02:12 - 01:48:21
The Police State // 01:48:22 - 02:41:31
The End of the World As We Know It? // 02:41:32 - 03:54:06
The Power Elite, Pt. 1 // 03:54:07 - 04:31:44
The Power Elite, Pt. 2 // 04:31:45 - 04:53:07
Our American Nightmare // 04:53:08 - 05:31:01
America’s Collapse // 05:31:02 - 06:10:09
Survival Guide // 06:10:10 - 07:12:21

Download these videos for free here: http://bit.ly/15FUG3X.

200) The Rover (2014)

10 years after a global economic collapse, a hardened loner pursues the men who stole his only possession, his car. Along the way, he captures one of the thieves’ brother, and the duo form an uneasy bond during the dangerous journey.

8/10 - Written and directed by David Michôd who created the excellent Animal Kingdom, comes this weirdly sparse outback thriller. The dialogue is limited, the violence is frequent but quick, and the story is largely unexplained but simple. It’s an effective film, heightened by great performances from Guy Pearce - who plays a slightly disturbed and intense character, hell bent on getting his car back, and the barely recognisable Robert Pattinson whose simple redneck character soon becomes one of the most interesting aspects of the film.

It doesn’t pack as much of a punch as Animal Kingdom, it’s much more subdued. Similar to films like The Road, this sort of post-apocalyptic thriller relies on uncertainty and unpredictability to create suspense, the emptiness of the outback combined with the downfall of society is enough to create a certain uneasiness as it meanders to the finale.

Highly recommended, should still be available in some cinemas but it did only see a limited release.

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