Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1522945 Comments:2390
Day of reckoning time may be 2013. European governments toppled like tenpins. Obama or Romney in America hardly matters. Their agendas are similar on issues mattering most.
Both support militarism, permanent wars, imperial dominance, corporate needs above public ones, painful austerity, and stiff crackdowns on resisters. Going forward, things look grim. Households least able to cope suffer most.
Key indicators point south. The Baltic Dry index historically indicates global economic activity. In May, it slumped about 10%. Future prospects look uncertain or troubled. Only about 20% of companies ventured outlooks. Of those, over half turned negative."
" Analysts paying attention understand. Others suspect the worst. Europe is cratering in crisis. Media reports understate the severity. Sovereign debt is dangerously high. The world is awash in debt. Major banks are insolvent. Bailouts follow earlier ones."
