Rotting stairs in Billionaire's row mansion London

So Why Does John Key Tell You There Is No Housing Crisis? Well, There Is No Crisis! Not For Him Anyway!

So to get back to Auckland and Christchurch and the hysterical house price rises ( I just checked but a solid stone 4 bedroom house with a nice garden in a quite burb in Holland ( a country so densely populated you could just about walk over heads to get from one city to the next) so close to all the amenities you could possibly need you could walk there still only costs about a quarter of what a wooden run down shack in Auckland costs and there are a million people in a waiting list for a home and they have to wait at least 20-30 years to get a small flat for themselves.

China Halts Bank Transfers And HSBC Ends Limited Cash Withdrawls, Are We Sliding Into The Next Phase?

I know it’s happy Auckland day and all that but for the rest of the world it’s business as usual. So here are a few headlines  you might want to check up on: China stops bank transfers. HSBC (of Rockstar economy infamy) Was forced to end the limitations on cash withdrawals after it tired to […]

The Four Horsemen Are Coming. Are You Prepared?

A full length Documentary (the official version which we are allowed to link to and share) about how Financial institutions brought the global economy to a standstill and are continuing to this day to pay themselves big bonuses as a reward for being the biggest parasites this globe has ever seen.

While Rome Burns The Senators Are Partying!

Bartenders in Washington are telling us that while the US dollar is collapsing the Senators and MP’s are partying from as early as 9 am. Here are some quotes: I’m not over exaggerating when I say I can smell the booze wafting from members as they walk off the floor. — Ginger Gibson (@GingerGibson) September […]

Quantitative Easing Worked For The Weimar Republic For A Little While Too

From Michael Snyder: There is a reason why every fiat currency in the history of the world has eventually failed.  At some point, those issuing fiat currencies always find themselves giving in to the temptation to wildly print more money.  Sometimes, the motivation for doing this is good.  When an economy is really struggling, those […]

10 Reasons Why The Global Economy Is About To Experience Its Own Version Of “Sharknado”

Tomtidomtidom…. Here is what keeps john Key awake at night; Most of his money is in Bank of America and guess what, he knows that bank is going to go down!!!! Soon!!!! Have you ever seen a disaster movie that is so bad that it is actually good?  Well, that is exactly what Syfy’s new […]

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Is The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash?

From Economic collapse blog Somebody out there is sure getting prepared for something really big.  We have just witnessed a takedown of gold and silver unlike anything that we have witnessed in decades.  On Monday, the price of gold had fallen by more than 10 percent at one point.  It shocked investors all over the […]

On Paying Back Loans, Diminishing Incomes and The Inevitability Of Economic Collapse Under The Current System

In order  not to have to start just yet on what can only be called the mother of all dishes after feeding about 25-30 people throughout the Sunday on what was a beautiful day with beautiful people celebrating our good fortune in life, I thought I’d put down a couple of thoughts about why we […]

On China, Housing Bubbles And How Truly Terrifying It’s Collapse Will Be!

(Update: as is common when you link to “copyrighted” content it is impossible to embed it in your blog. If you want to see the 60 minute segment scroll down to the bottom and click on the word segment) Update II: It seems that the globe is catching on to the idiocy of building 12-24 […]

Wal-Mart Situation “Getting Worse” New Leaks Reveal

You know the shit is about to hit the fan when Wall-mart complains about sales! Two weeks ago, Wal-Mart stunned the world when a leaked memo discloses that February sales had been a “total disaster” and the company was facing the worst February start since 2006. Today, Bloomberg’s deep throat in Bentonville strikes again, as […]

On Greece, Austerity Or Why Privsatisation Really Is A Very Bad Idea

Here is a one and a half hour Greek documentary about the privatization and the “soft” coup in Greece by the same people who supported the Military Junta which brought misery to millions of Greeks in times not so long past. It is subtitled in English if you push the subtitle button!

The Beginning Of A Scandal And Does Wall Street Know Something We don’t Or Why Getting Into The Stock Market Now Is A Really Bad Idea!

Here is are Max and Stacey on how the banks are preparing for the total collapse of the bond market and why you might ask are Wall street insiders selling 9 times more shares then they are buying and betting mind bogling sums against the a financial collapse in the next 60 days? Could it […]

Let The Mayhem Commence: Venezuela Sets The Pace!

This is worth breaking my blog silence for (Sometimes the real world is just so glorious I can’t get my act together online). Venezuela just nuked the global finance world with a devaluation of it’s currency with46% . Even with Hugo Chavez in cancerous limbo it seems Venezuela can’t stop being naughty. The bad news […]

IBM to ‘financialize’ water; the last frontier in monopolizing human rights and installing neo-feudalism

Release Date: January 23, 2013 Issued By: Waterfund LLC NEW YORK, NY – January 23, 2013 – Waterfund LLC announced today that it has signed an agreement with IBM (NYSE: IBM) to develop a Water Cost Index (WCI). Scientists from IBM Research will apply Big Data expertise, acting as a calculation agent, to analyze large […]

Britain is experiencing ‘worse slump than during Great Depression’

Britain’s recent economic performance is the worst since records began in the pre-Victorian era, experts said today, apart from the two immediate post-war slumps. Ministers today admitted Britain is facing “very, very grave difficulties” after figures showed the economy did not grow at all in 2012. Both George Osborne, the Chancellor, and Danny Alexander, the […]

Jamie Dimon Says You Don’t Need To Know How Banking Works. I Dare Say We DO!

Here we are bailing out the big banks and yes, John Key gave billions to the IMF to do just that and Jami Dimon whose bank JPP Morgan has been a recipient of bailout money while they were scamming the system with Derivatives and he has the gall to tell us that we don’t know […]

Home Foreclosures: Another Sweetheart Bank Settlement on Sub-Prime Mortgage Fraud

Wall street is becoming the biggest slumlord in human history. Ten major financial firms agreed on Monday to pay $3.3 billion in cash to settle allegations of mortgage fraud by the Office of the Comptroller of the Currency (OCC) in the latest in a string of sweetheart settlements between the major Wall Street banks and […]

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Washington’s Hegemonic Ambitions Are Not in Sync With Its Faltering Economy

Just in case you are still laboring under the impression that the US is recovering. By Paul Craig Roberts In November the largest chunk of new jobs came from retail and wholesale trade. Businesses gearing up for Christmas sales added 65,700 jobs or 45% of November’s 146,000 jobs gain. With December sales a disappointment, these […]

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Large Cities All Over America Are Degenerating Into Gang-Infested War Zones and a New RSS Feed

I have added the  Economic Collapse blog to my RSS feeds so you can keep informed about the real state the US is in as reported from the ground. Large U.S. cities that the rest of the world used to look at in envy are now being transformed into gang-infested hellholes with skyrocketing crime rates.  […]

Greece ‘Selective Default’ And Geithner’s ‘Selective Memory’

If Greece defaults even partially it will trigger the insurance hedges countries have taken to insure their risks against foreign Currencies. This is what will be the result: Late last night S&P placed Greece into “Selective Default” again. This is not the first time that Athens has been placed in the jailhouse and perhaps it […]

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Bubble burst alert: The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic

the next bubble to burst! We have already discussed the student loan bubble, and its popping previously, most extensively in this article. Today, we get the Q3 consumer credit breakdown update courtesy of the NY Fed’s quarterly credit breakdown. And it is quite ghastly. As of September 30, Federal (not total, just Federal) rose to […]

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Bubble burst alert: Bank of Japan Posts Whopping ¥233 Billion Loss As Its Soaring Balance Sheet Hits Record ¥156 Trillion

But… but… a central bank can never lose money. Bzzzz, wrong. As it just so happens, the world’s most tragicomic farce of a central bank, and one which is about to officially lost its (faux) “independence” and become a branch of the Japanese government if the up and coming PM Abe has his way, the […]

The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

Most people here in Hobbiton are still of the persuasion that America will always be a superpower and that we are part of the biggest bestest empire ever. In fact John Key has us signed on to NATO and the US war machine to help conquer oil and gas fields liberate poor suppressed brown people […]