Wake Up Call - The New Depression - 03/24/14

The Wake Up Call show

Summary: Debt and the absurd hubris and arrogance of the accursed politicians assure our ultimate destruction. Insolvency is everywhere: banks, governments, cities and states, consumers… The concept of the death-wish will kick in once the markets melt down and the 1-percenters have lost their money. There will be no turning back. There will be a cascading sequence of debt defaults, mass poverty, collapsing financial markets and deflation. Nothing can prevent this now: the system is too far-gone. A discussion of the concept of the minimum wage. China is almost ready to collapse, following the example of South Korea in the 1990s. The government lies about its fiscal reality, to be ‘corrected’ by the GAO. Paul Craig Roberts’s take on the Crimea situation. The U.S. has been described as ‘an enemy of the Internet’ for the first time by Reporters Without Borders, in the company of such countries as Russia, Iran, Syria and North Korea. Bill Binney, 32-year veteran of the NSA last week described the U.S. as a police state and said it was within an inch of being a totalitarian one. A Saudi cleric has issued a fatwa on all-you-can-eat buffets in Saudi Arabia. (You’re supposed to know what you want beforehand)