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The Saker
A bird's eye view of the vineyard

offsite link More Gonzalo Lira: No More Lies, No More BS Sat May 21, 2022 12:27 | amarynth
And this is the real issue:   And a little real history and situation today, that would be fine to discuss at a barbecue and probably not at a formal

offsite link A Rare Look into Michael Hudson?s Email Inbox ? US amazing threats against China and India Sat May 21, 2022 10:52 | amarynth
Dear K C, China won?t go along with this surrender, will it? This is amazing! Michael   US Sanction ENFORCEMENT THREATS Edward Wong and Michael Crowley, ?U.S. Aims to Cripple Russian

offsite link Michael Hudson: Interview with RT ? Transcript Sat May 21, 2022 10:27 | amarynth
Michael Hudson’s interview with RT – May 19 2022. Peter Scott, RT anchor: Joining us now is Michael Hudson, economist and author of “Super-Imperialism... and the recently-published “Destiny of Civilization?.

offsite link Russia Rewrites the Art of Hybrid War Fri May 20, 2022 23:59 | amarynth
Hybrid War is being fought predominantly in the economic/financial battleground ? and the pain dial for the collective West will only go up. By Pepe Escobar, posted with the author’s

offsite link Andrei Martyanov: Feeling Sitrepish on May 20 Fri May 20, 2022 23:44 | amarynth
Andrei Martyanov talks about a very important issue almost buried in the other issues.  That is the Global Conflict which he describes as the west against the global community coalescing

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Fergus Finlay and the maternity hospital ‘gotcha’ trap

offsite link Irish Examiner and fake news Anthony

offsite link Labour Party: The unvarnished truth Anthony

offsite link Humanity: Zero chance of survival Anthony

offsite link RTE gives balance – accidentally? Anthony

Public Inquiry >>

Human Rights in Ireland
A Blog About Human Rights

offsite link UN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights

offsite link 5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Nick Hudson Coming to London ? Get Tickets Now Tue May 17, 2022 18:00 | Will Jones
Nick Hudson of PANDA is coming to London on Thursday May 26th to deliver ?The Quest for Open Science?, after which he will be interviewed by Jeffrey Peel from the New Era and take questions from the audience.
The post Nick Hudson Coming to London ? Get Tickets Now appeared first on The Daily Sceptic.

offsite link Don?t Panic Mr Monkeypox! Social Distancing Returns Due to New Viral Panic Tue May 17, 2022 16:53 | Toby Young
At least one medical practice in West London has reintroduced social distancing to reduce the risk of patients contracting Monkeypox. This, in spite of the fact that there are only nine cases so far in the U.K.
The post Don’t Panic Mr Monkeypox! Social Distancing Returns Due to New Viral Panic appeared first on The Daily Sceptic.

offsite link Are All Britain?s Current Woes Traceable to a Group of Entitled ?Tory Toffs? at Oxford in the 1980s? Tue May 17, 2022 13:00 | Toby Young
Simon Kuper's book about how a small group of 'Tory Toffs' who were at Oxford in the 1980s masterminded the Brexit project to reclaim their aristocratic birthright is highly entertaining, but not convincing.
The post Are All Britain’s Current Woes Traceable to a Group of Entitled ‘Tory Toffs’ at Oxford in the 1980s? appeared first on The Daily Sceptic.

offsite link Forget Science ? Climate Now Has a Central Role in The Culture Wars Tue May 17, 2022 11:26 | Chris Morrison
You might think that if you debunk patently silly extreme weather claims, the entire fear agenda will go away. Think again. Climate change is now firmly embedded in the culture wars surrounding race, identity and gender.
The post Forget Science ? Climate Now Has a Central Role in The Culture Wars appeared first on The Daily Sceptic.

offsite link Would the U.S. Side With Ukraine?s Far-Right Against Zelensky? Tue May 17, 2022 10:10 | Noah Carl
Why didn't the US back Zelensky? The New York Times wrote earlier this year that his government could be overthrown by far-right groups if he ?agrees to a peace deal that in their minds gives too much to Moscow?.
The post Would the U.S. Side With Ukraine?s Far-Right Against Zelensky? appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Welcome to the downward spiral!

category international | anti-capitalism | opinion/analysis author Sunday February 24, 2013 10:52author by Luke Eastwood Report this post to the editors

Despite the continued 'green shoots' talk, recovery seems increasingly far away.

It does not take a genius or even an economist to realise that we are in fact in the depths of a major depression, which is continuing to worsen. The mainstream media, especially the USA media 90% of which is owned by just 6 corporations, continues to talk up a recovery but this is pure hyperbole that an intelligent person should be able to see through.

Peak oil pundits have suggested that the effects of hitting the plateaux would be like a car that keeps stalling each time it gets into second gear. This crude analogy seems to be entirely appropriate – attempts to kick start the western economies have short-lived and limited effects because the underlying problem of relatively high production and employment costs will not go away. This is exacerbated by the high price of oil, which itself feeds into the increasingly high prices of basic commodities such as food and minerals.

So now rather than peak oil, we might be finding ourselves in a situation of peak everything! As prices rise and debt levels too the printing of more money (quantative easing) makes the situation worse by devaluing currency, making everything even more expensive, fuelling even higher inflation and continuing to reduce the buying power of every individual’s pay packet.

Economies with cheap labour and an abundance of resources (e.g. China) have done very well due to the imbalance between their production costs and those of western economies. However, as the western powers lose their buying power and people increasingly focus on necessities instead of luxuries, they too may well be affected. With a collapse in its export market China may not have a sufficiently strong local or domestic market to continue its expansion and any fiat currency based system of commerce that is not expanding is in crisis.

So what does the future hold? Simple household economics will tell you that if you don’t have enough money to cover your costs then you have to cut your spending until it is equal to or less than your household income. Using myself as a perfect example – I have relatively well paid professional employment but I have remained on the same salary to 5 years.

In truth my static salary has led to a reduction in income, in part due to inflation but also due to rises in taxes. So in order to compensate for this reduction I have had to reduce my household spending by finding better deals (e.g. cheaper insurance), providing essentials myself (food and fuel) or by simply cutting certain items from my monthly budget.

I’d consider myself fortunate that I am able to continue with my life pretty much as normal after accepting some cutbacks and adjustments. Many millions of people are not half so fortunate. In the western economies millions of people are defaulting on their debts, losing their homes and falling into poverty. Elsewhere the situation is far worse – in Egypt for instance most families spend 80% of their income just on food!

All indications are that this depression is far from over, in fact it looks set to become increasing severe in the years ahead. This situation may be exacerbated further by the currency wars that have begun and indeed by the real proxy wars between the main rival blocks (NATO and SCO) taking place in Africa and Arabia as I write.

Given this grim outlook I would consider it wise to be prepared for the worst, although I am ever hopeful that we might escape the worst case scenarios predicted by some commentators. If you can – pay off your debts; save some money as physical cash or metals; reduce your outgoings on unnecessary expenditure; become more self-sufficient. Even if things do not turn out as bad as predicted – cutting away self-indulgence and becoming more self-reliant are positive steps towards gaining more control over your own life – something worth doing even if a financial collapse is not coming.

Luke Eastwood is a writer and horticulturist living in Ireland,

Related Link: http://www.lukeeastwood.com
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