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offsite link The Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire

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The Saker
A bird's eye view of the vineyard

offsite link Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

offsite link The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog.  We are also making archives of the blog available for free download in various formats (see below). 

offsite link What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

offsite link Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
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offsite link The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
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Lockdown Skeptics

The Daily Sceptic

offsite link Farage Willing to Lead Merged Conservative-Reform Party After Election Thu Jun 13, 2024 15:06 | Will Jones
Nigel Farage has said he would be willing to lead a merged Reform-Conservative party after the election as a "national opposition" of the "centre Right in this country".
The post Farage Willing to Lead Merged Conservative-Reform Party After Election appeared first on The Daily Sceptic.

offsite link Why Has Sperm Become 30% More ?Sluggish? Since 2019? Thu Jun 13, 2024 13:00 | Alex Kriel
Why has sperm become 30% more 'sluggish' since 2019? A study of Danish sperm donors found a shocking drop in sperm motility. The researchers blame lockdown, but Alex Kriel thinks the vaccines may be involved.
The post Why Has Sperm Become 30% More ‘Sluggish’ Since 2019? appeared first on The Daily Sceptic.

offsite link Euro 2024 Special: Why Is Printing Images of Black Footballers After They Have Lost Now Suddenly ?Ra... Thu Jun 13, 2024 11:00 | Steven Tucker
Newspapers have come under fire for printing images of black footballers after England lost. But why is this suddenly 'racist', asks Steven Tucker. Must we now hide black footballers on a losing side from view?
The post Euro 2024 Special: Why Is Printing Images of Black Footballers After They Have Lost Now Suddenly ‘Racist’? appeared first on The Daily Sceptic.

offsite link BBC Hails Green Election Letter From ?408 Climate Scientists? Signed by Psychologists, Accountants a... Thu Jun 13, 2024 09:00 | Chris Morrison
The BBC has hailed a green election letter from 408 "distinguished climate scientists" that is signed by an assortment of psychologists, accountants, lawyers, engineers and landscape designers.
The post BBC Hails Green Election Letter From “408 Climate Scientists” Signed by Psychologists, Accountants and Landscape Designers appeared first on The Daily Sceptic.

offsite link In the Latest Episode of the Sceptic, the Topics are Covid and the Infected Blood Scandal, Taxpayer-... Thu Jun 13, 2024 07:00 | Will Jones
In the latest Sceptic podcast, Laurie speaks to Molly Kingsley on Covid vaccines and the infected blood scandal, Charlotte Gill on taxpayer-funded wokery and Noah Carl on the Lancet?s embrace of gender ideology.
The post In the Latest Episode of the Sceptic, the Topics are Covid and the Infected Blood Scandal, Taxpayer-Funded Trigger Warnings and the Lancet Goes Woke appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link How to justify NATO's aggression against Russia, by Thierry Meyssan Tue Jun 11, 2024 06:57 | en

offsite link Soros/Biden vs. Netanyahu/Trump, by Alfredo Jalife-Rahme Mon Jun 10, 2024 09:24 | en

offsite link Declaration on the Protection of National and Political Rights and the Common Fu... Sat Jun 08, 2024 12:13 | en

offsite link Joe Biden presents the "Israeli" peace offer Fri Jun 07, 2024 14:35 | en

offsite link Voltaire, International Newsletter N°90 Fri Jun 07, 2024 14:35 | en

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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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