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  • A planet at the brink

    Three items taken together from Tom Engelhardt's site

    From Jan 28 - Nick Turse, Desperate Times and Desperate Measures

    Meltdown Madness
    The Human Costs of the Economic Crisis
    By Nick Turse

    The body count is still rising. For months on end, marked by bankruptcies, foreclosures, evictions, and layoffs, the economic meltdown has taken a heavy toll on Americans. In response, a range of extreme acts including suicide, self-inflicted injury, murder, and arson have hit the local news. By October 2008, an analysis of press reports nationwide indicated that an epidemic of tragedies spurred by the financial crisis had already spread from Pasadena, California, to Taunton, Massachusetts, from Roseville, Minnesota, to Ocala, Florida.

    In the three months since, the pain has been migrating upwards. A growing number of the world's rich have garnered headlines for high profile, financially-motivated suicides. Take the New Zealand-born "millionaire financier" who leapt in front of an express train in Great Britain or the "German tycoon" who did much the same in his homeland. These have, with increasing regularity, hit front pages around the world. An example would be New York-based money manager René-Thierry Magnon de la Villehuchet, who slashed his wrists after he "lost more than $1 billion of client money, including much, if not all, of his own family's fortune." In the end, he was yet another victim of financial swindler Bernard Madoff's $50 billion Ponzi scheme.

    An unknown but rising number of less wealthy but distinctly well-off workers in the financial field have also killed themselves as a result of the economic crisis -- with less press coverage. Take, for instance, a 51-year-old former analyst at Bear Stearns. Learning that he would be laid off after JPMorgan Chase took over his failed employer, he "threw himself out of the window" of his 29th-floor apartment in Fort Lee, New Jersey. Or consider the 52-year-old commercial real estate broker from suburban Chicago who "took his life in a wildlife preserve" just "a month after he publicly worried over a challenging market," or the 50-year-old "managing partner at Leeward Investments" from San Carlos, California, who got wiped out "in the markets" and "suffocated himself to death."
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    From Feb 24 - Michael Klare, A Pandemic of Economic Violence

    A Planet at the Brink
    Will Economic Brushfires Prove Too Virulent to Contain?
    By Michael T. Klare

    The global economic meltdown has already caused bank failures, bankruptcies, plant closings, and foreclosures and will, in the coming year, leave many tens of millions unemployed across the planet. But another perilous consequence of the crash of 2008 has only recently made its appearance: increased civil unrest and ethnic strife. Someday, perhaps, war may follow.

    As people lose confidence in the ability of markets and governments to solve the global crisis, they are likely to erupt into violent protests or to assault others they deem responsible for their plight, including government officials, plant managers, landlords, immigrants, and ethnic minorities. (The list could, in the future, prove long and unnerving.) If the present economic disaster turns into what President Obama has referred to as a "lost decade," the result could be a global landscape filled with economically-fueled upheavals.

    Indeed, if you want to be grimly impressed, hang a world map on your wall and start inserting red pins where violent episodes have already occurred. Athens (Greece), Longnan (China), Port-au-Prince (Haiti), Riga (Latvia), Santa Cruz (Bolivia), Sofia (Bulgaria), Vilnius (Lithuania), and Vladivostok (Russia) would be a start. Many other cities from Reykjavik, Paris, Rome, and Zaragoza to Moscow and Dublin have witnessed huge protests over rising unemployment and falling wages that remained orderly thanks in part to the presence of vast numbers of riot police. If you inserted orange pins at these locations -- none as yet in the United States -- your map would already look aflame with activity. And if you're a gambling man or woman, it's a safe bet that this map will soon be far better populated with red and orange pins.

    For the most part, such upheavals, even when violent, are likely to remain localized in nature, and disorganized enough that government forces will be able to bring them under control within days or weeks, even if -- as with Athens for six days last December -- urban paralysis sets in due to rioting, tear gas, and police cordons. That, at least, has been the case so far. It is entirely possible, however, that, as the economic crisis worsens, some of these incidents will metastasize into far more intense and long-lasting events: armed rebellions, military takeovers, civil conflicts, even economically fueled wars between states.

    Every outbreak of violence has its own distinctive origins and characteristics. All, however, are driven by a similar combination of anxiety about the future and lack of confidence in the ability of established institutions to deal with the problems at hand. And just as the economic crisis has proven global in ways not seen before, so local incidents -- especially given the almost instantaneous nature of modern communications -- have a potential to spark others in far-off places, linked only in a virtual sense.
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    From Apr 5th - Michael Klare, Boom Times for Criminal Syndicates

    Global Crime Wave?
    A Syndrome of Crime, Violence, and Repression on the Way
    By Michael T. Klare

    In all catastrophes, there are always winners among the host of losers and victims. Bad times, like good ones, generate profits for someone. In the case of the present global economic meltdown, with our world at the brink and up to 50 million people potentially losing their jobs by the end of this year, one winner is likely to be criminal activity and crime syndicates. From Mexico to Africa, Russia to China, the pool of the desperate and the bribable is expanding exponentially, pointing to a sharp upturn in global crime. As illicit profits rise, so will violence in the turf wars among competing crime syndicates and in the desperate efforts by panicked governments to put a clamp on criminal activity.

    Take Mexico, just now in the headlines. In late March, during her first trip there as Secretary of State, Hillary Clinton was repeatedly asked about the burst of narcotics-related violence in that country, the thousands of deaths that have gone with it, the patent inability of the Mexican military to contain, no less repress, the drug trade, and the possibility that the country might be at risk of becoming a "failed state." Mexico itself may not be in danger of collapse, she replied diplomatically, but a very real danger threatens both countries from a rise in violent crime along the U.S.-Mexican border. "The criminals and kingpins spreading violence are trying to corrode the foundations of law, order, friendship, and trust between us," she declared at a press conference in Mexico City. To counter this danger, the secretary of state promised a militarized response that reflected the level of danger she imagined -- a significant increase in U.S. anti-narcotics assistance, including the expedited delivery of Black Hawk helicopters.

    The Mexican drug trade itself is nothing new. The illicit export traffic to the United States and the ensuing bloody competition among drug traffickers for access to the U.S. market have long concerned U.S. and Mexican law enforcement authorities. In the last two years, however, the violence associated with this commerce has grown to unprecedented levels as the leading crime syndicates -- the Juárez Cartel, the Sinaloa Cartel, the Gulf Cartel, and Los Zetas -- have successfully resisted a fierce government crackdown, while fighting among themselves for control over key border access points. According to Mexico's Attorney General, Eduardo Medina-Mora, 5,376 Mexicans were killed in drug-related violence in the first 11 months of 2008 compared to 2,477 during the same period in 2007, an increase of 117%. And as times get ever tougher for ordinary Mexicans, recruiting for the trade grows ever easier while the killings only multiply. U.S. law enforcement officials now believe inter-gang warfare is spilling into the United States in a serious way, producing rising murder rates in border states like Arizona, California, and Texas.

    The ongoing slaughter in Mexico may be monopolizing overseas crime headlines, but other parts of the world have also seen sharp rises in criminal violence in 2008 and the early months of 2009 as the global economic crisis has deepened. With legal jobs disappearing, growing numbers of unemployed youth are unsurprisingly drawn to what's still available -- illicit professions or jobs in the military and police that, in many countries, are ill-paid but allow access to bribes. Just such a process appears to be under way in impoverished parts of Africa, Asia, and Latin America.
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    Mike Klare discusses his latest article, "Boom Times for Criminal Syndicates."

    [MEDIA]http://www.hipcast.com/export/Paa24e46cdad4c0432f01fed8f7a5780fbFB7QVREYmB1.mp3[/MEDIA]
    Last edited by Rajiv; April 07, 2009, 01:46 AM.

  • #2
    Re: A planet at the brink

    A former college mate who lives in my neighborhood had his partner kill himself last year over all this. They were big time residential developers. Developed thousands of lots. He drove into one of his abandoned neighborhoods and called an employee and told them where to find his body.

    Comment


    • #3
      Re: A planet at the brink

      New to the forum, saying hello, just trying to read an article and it seems it won't let me unless I post. Some Admin thing ? So HELLO everyone! :eek:

      Comment


      • #4
        Re: A planet at the brink

        Originally posted by windsock View Post
        New to the forum, saying hello, just trying to read an article and it seems it won't let me unless I post. Some Admin thing ? So HELLO everyone! :eek:

        Welcome. I don't think you have to post to read articles.

        Comment


        • #5
          Re: A planet at the brink

          Originally posted by Rajiv View Post
          Three items taken together from Tom Engelhardt's site

          From Jan 28 - Nick Turse, Desperate Times and Desperate Measures



          From Feb 24 - Michael Klare, A Pandemic of Economic Violence



          From Apr 5th - Michael Klare, Boom Times for Criminal Syndicates



          Mike Klare discusses his latest article, "Boom Times for Criminal Syndicates."

          http://www.hipcast.com/export/Paa24e...B7QVREYmB1.mp3
          Regarding the financier suicides, I think there's need for more of them. A lot more.
          Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. -Groucho

          Comment


          • #6
            Re: A planet at the brink

            Originally posted by Master Shake View Post
            Regarding the financier suicides, I think there's need for more of them. A lot more.

            Now there's a bull market I can get behind.

            Comment


            • #7
              Re: A planet at the brink

              Ok, i am opening myself up to an attack here, im going to make a religious statement. I hope i can make in a philisophical non-threating way.

              This problem is caused by people having faith in the wrong things. when people put ultimate trust in money, in the government, in their company etc essentially deifying it, when that god fails them, it can unhinge them.
              Also when a person's god fails them they can get angry and violent. In the story of Jesus, a great deal of people viewed him as a military messiah who would kick the romans out and restore israel to the grandness of david. When jesus failed to live up to their desires they destroyed him.

              Will the current situation get so bad that we are going to lose faith in / destroy our false gods (idols)? I'm not a heaven seeker, meaning that it dosen't matter what happens here on earth because we are going to paradise some day. We are obligated to fight for a better life down here.

              i am an investor and trader too, im not going to be led down the punch drunk path of the government can take all my money to do greater good. My money is being saved and invested to send my kids to school, to care for my special needs child in a manner that I think is best, to have a retirement with dignity, i dont intend on feathering my nest with my wealth, but I will decide who benefits. not some stupid, ideological, currupt gvt stiff.

              I have had some hard times in my life, both physically, and emotionally. Sometimes having faith in a true God is all that gets me through these dark times.

              Ohh, by the way windsock welcome to the sight.

              Comment


              • #8
                Re: A planet at the brink

                Originally posted by Master Shake View Post
                Regarding the financier suicides, I think there's need for more of them. A lot more.
                There is need for more personal responsibility, although falling on your sword is not exactly productive or helpful. These cowards are likely leaving massive obligations to their families. If they had any moral compass at all they'd get to work cleaning up their mess as best they could. Even if they have nice life insurance policies, loved ones would gladly forego a big settlement for more time with the individual. These people simply have their heads up their asses.

                When my father lost his job in 1973, he sold our upper class home and all of our nice toys and belongings. He bought a travel trailer and stuffed our family of five into a camp ground for over a year. For 6 months, he went fishing with us every day after school. We had no luxuries, but, at 14 years old at the time, those are my fondest memories of growing up. Families and children don't need expensive toys and lots of money to have a great life. They need each other and an appreciation for what they have.

                "It's not having what you want
                It's wanting what you've got"

                Sheryl Crow from the song Soak Up the Sun
                "...the western financial system has already failed. The failure has just not yet been realized, while the system remains confident that it is still alive." Jesse

                Comment


                • #9
                  Re: A planet at the brink

                  Originally posted by charliebrown View Post
                  Ok, i am opening myself up to an attack here, im going to make a religious statement. I hope i can make in a philisophical non-threating way.

                  This problem is caused by people having faith in the wrong things. when people put ultimate trust in money, in the government, in their company etc essentially deifying it, when that god fails them, it can unhinge them.
                  Also when a person's god fails them they can get angry and violent. In the story of Jesus, a great deal of people viewed him as a military messiah who would kick the romans out and restore israel to the grandness of david. When jesus failed to live up to their desires they destroyed him.

                  Will the current situation get so bad that we are going to lose faith in / destroy our false gods (idols)? I'm not a heaven seeker, meaning that it dosen't matter what happens here on earth because we are going to paradise some day. We are obligated to fight for a better life down here.

                  i am an investor and trader too, im not going to be led down the punch drunk path of the government can take all my money to do greater good. My money is being saved and invested to send my kids to school, to care for my special needs child in a manner that I think is best, to have a retirement with dignity, i dont intend on feathering my nest with my wealth, but I will decide who benefits. not some stupid, ideological, currupt gvt stiff.

                  I have had some hard times in my life, both physically, and emotionally. Sometimes having faith in a true God is all that gets me through these dark times.

                  Ohh, by the way windsock welcome to the sight.
                  Well said. Humans are hard-wired to believe. In something. And since we killed off God, we substitute inferior goods, like charismatic leaders, ideologies or the government sugar daddy, all ultimately unsatifying.

                  Since you brought up religion, Tom Wolfe wrote a magnificant essay on the subject over a decade ago. Well worth reading.

                  http://www.orthodoxytoday.org/articl...feSoulDied.php
                  Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. -Groucho

                  Comment


                  • #10
                    Re: A planet at the brink

                    Originally posted by rjwjr View Post
                    There is need for more personal responsibility, although falling on your sword is not exactly productive or helpful. These cowards are likely leaving massive obligations to their families. If they had any moral compass at all they'd get to work cleaning up their mess as best they could. Even if they have nice life insurance policies, loved ones would gladly forego a big settlement for more time with the individual. These people simply have their heads up their asses.

                    When my father lost his job in 1973, he sold our upper class home and all of our nice toys and belongings. He bought a travel trailer and stuffed our family of five into a camp ground for over a year. For 6 months, he went fishing with us every day after school. We had no luxuries, but, at 14 years old at the time, those are my fondest memories of growing up. Families and children don't need expensive toys and lots of money to have a great life. They need each other and an appreciation for what they have.

                    "It's not having what you want
                    It's wanting what you've got"
                    Sheryl Crow from the song Soak Up the Sun
                    Amen to that sir. I really like your story and I am fully prepared to implement that strategy should the need arise. If I have good health for me and my family the rest is gravy.

                    Comment


                    • #11
                      Re: A planet at the brink

                      so I take it that blood is on the street, then?

                      Comment


                      • #12
                        Re: A planet at the brink

                        Originally posted by Master Shake View Post
                        Regarding the financier suicides, I think there's need for more of them. A lot more.
                        I would have no problem sleeping at night if this where to occur.

                        Comment


                        • #13
                          Re: A planet at the brink

                          Originally posted by flintlock View Post
                          A former college mate who lives in my neighborhood had his partner kill himself last year over all this. They were big time residential developers. Developed thousands of lots. He drove into one of his abandoned neighborhoods and called an employee and told them where to find his body.
                          Not to sound insensitive but they went to the craps table, rolled some unlucky sevens and eventually "craped out". It is what it is.

                          Are we supposed to feel sorry for them? The same type of guys(ego- driven) that can't shut up when they hit winners and are typically the loudest guys in the bar?

                          At least he did the honorable thing and elected not to take any innocent bystanders with him.

                          That, I can respect.

                          Comment


                          • #14
                            Re: A planet at the brink

                            Originally posted by Master Shake View Post
                            Well said. Humans are hard-wired to believe. In something. And since we killed off God, we substitute inferior goods, like charismatic leaders, ideologies or the government sugar daddy, all ultimately unsatifying.

                            Since you brought up religion, Tom Wolfe wrote a magnificant essay on the subject over a decade ago. Well worth reading.

                            http://www.orthodoxytoday.org/articl...feSoulDied.php
                            Terrific article, thanks for sharing. I need duct tape to keep my head from exploding everytime I venture onto iTulip. The breadth of topics and wealth of knowledge and opinions here is sometimes, literally, overwhelming.

                            Regarding this article, it gets me to thinking that we need a new religion, a new "bible", a new ten commandments, in essence, a new set of guiding principles on which to re-base society. The church has been great, but has lost much credibility. Not that many of the core principles aren't credible, just that the whole tradition doesn't seem to have kept pace with society, and you don't get the impression that the best and brightest thinkers are running the show at this point.

                            Unfortunately, there seem to be so few "givens" and so many issues and beliefs open to interpretation and opinion. How would one even know where to start? It sure seems like we should all have a core set of science/fact based beliefs at this stage, but hell, we don't even have agreement on creationism or not, abortion or not, sexual orientation or not, global warming or not, and a whole host of other issues. I wish we could use that ol' IQ helmet to staff a Supreme Court-like council of elders to tackle some of these tough questions and provide us thruth and wisdom on which to base our actions, our laws, our signposts for a life properly lived. You know, kinda like the way we look to EJ for tomorrow's price of a barrel of oil.;) Not exactly, but you know what I mean.
                            "...the western financial system has already failed. The failure has just not yet been realized, while the system remains confident that it is still alive." Jesse

                            Comment


                            • #15
                              Re: A planet at the brink

                              thank you mastershake for sharing this. I'm still a theist. I believe that genetics plays a greater role in our behaviour and abilities than our society will admit to, but i still believe in the soul.

                              If we are just very complex machines then we have no will, my killing someone is just a by-product of some bio-chemical reactions in my brain perhaps stirred by a random cosmic ray, or a bad twinkie i ate for dinner. I am not responsible because i am just following the laws of nature.

                              I believe that our thoughts and actions are NOT just products of physics. There is some small piece of us that is outside of this physical universe. I'll call it a soul. That soul can reach into our physical world and steer the machine of our mind and body. It can violate the laws of our world in a small way, that is why we have responsibilty.

                              If this is not true, then i dont see much sense in living. we are just very complex machines coming from dust going to dust. Nothing we do matters. We can argue that we do it for our children or fellow humans, but they are just dust too. One day our Sun will collapse as will all the other Suns in the universe so all we do if for naught. Without a soul we rapidly descend into nihilism.

                              I have read the work of behe, and others of his ilk and they do build a strong case for the physical complexity of our "machine" is too great to have been caused by random events ocurring over a few billion years.

                              I wish i could remember his name, but an advanced polymer chemist was interviewed a few years ago (he specialized in building nano-machines and the like, basically controlling the assembling atoms at his will). When asked if he with all of his know how and machines could he construct a simple DNA molecule, he laughed at the current impossiblity of it. So here you have the best scientist in the country unable to construct even a simple DNA molecule, or anything that measures up to its complexity, in a carefully controlled setting, and then your telling me that random events in a shallow warm pool 2 billiion years ago did this? I have to take a leap of faith leap to believe this. The faith leap to a creator is easier to make.

                              I am not a biblical literalist, I believe that God provided us with senses that reveal the truth of the universe. My faith is strong enough to look under any stone, because ultimately all truth points to God.

                              Comment

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