Collapse is here

Translation: Collapse is here and unavoidable. That's because the service of the giant debt bubble depends upon growth. -- MCR

I am reproducing a spot-on response to the interview from Irish TV from Rawsea

“As an Irishman, I can tell you that it is about fucking time someone got this message onto the mainstream platform. It is utterly ridiculous that a problem of this magnitude is being ignored. Well, that is before you remember that the rich control the media.

The response uttered by the host "can you not tell us something that's not apocolyptic" to me sums up how incapable the mainstream is at dealing with serious issues. In other words, "Lie to them, Eddy. Tell them that everything is OK. Just let them go and watch Britain's Got Talent and be happy. It's all doom and gloom with you, that's your problem".

Rome is burning folks. The flames will soon be at the door”.

All major economies headed for slowdowns: OECD

Vancouver Sun,

November 14, 2011

None of the world's major economies will escape a slowdown, the Organization for Economic Co-operation and Development said Monday, highlighting increasing signs that growth momentum is dwindling across the board.

The Paris-based organization's composite leading indicator (CLI) for its members fell for the seventh straight month, to 100.4 in September, down from 100.9 in August, and hitting the lowest reading since December 2009.

Readings for individual countries and big developing world economies were broadly lower at levels indicating slowdowns, and were in many cases below their long-term averages.

"Compared with last month's assessment, the CLIs point more strongly to slowdowns in all major economies," the OECD said in a statement.

The OECD CLIs are designed to anticipate turning points in economic activity relative to trend; a turnaround in an indicator tends to precede turning points in economic activity by about six months.

The Group of Seven's CLI fell to 100.6 in September from 101.1 in August, while the reading for the euro area dropped to 99.1 from 99.9, well below its long-term average of 100.

Japan's CLI remained above its long-term average of 100, with a reading of 101.6, but it was still down from 102.0, suggesting the economic recovery after its March earthquake and tsunami disaster is losing steam.

Economic momentum in the United States eased only slightly, according to the OECD's indicator, which fell to 101.2 from 101.5.

The Chinese economy also showed only marginally weaker activity, with a reading of 99.8, down from 99.9. Among other emerging market economies, Brazil's CLI fell to 94 from 95.1 while India's reading decreased to 93.8 from 94.4.

In a report released at the end of October, the OECD slashed its 2012 growth estimate for the U.S. to 1.8 per cent from 3.1 per cent and cut its forecast for growth in the euro area next year to 0.3 per cent from two per cent in May.