Countdown to Financial Armageddon
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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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Cartoon from 1912, one year before the creation of the Federal Reserve… amazing.

Cartoon from 1912, one year before the creation of the Federal Reserve… amazing. | Countdown to Financial Armageddon | Scoop.it

Ok, so this appeared on a conspiracy site, but such an arresting image!

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The Most Sensible Solution to Fix The Debt Crisis? Give Collapse a Chance

The Most Sensible Solution to Fix The Debt Crisis? Give Collapse a Chance | Countdown to Financial Armageddon | Scoop.it

Bill Bonner gives his assessment of how to fix the financial crisis, by letting it default and collapse. '... every bailout makes the world poorer. Because it’s clearly bad money after good. Greece does not suddenly become a good credit risk just because you lend it more money. And Americans won’t be made richer because the feds offer them more debt at an even cheaper rate!'

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Why QE2 will damage pensions by pushing inflation up and interest rates down

Why QE2 will damage pensions by pushing inflation up and interest rates down | Countdown to Financial Armageddon | Scoop.it

The Bank of England's website homepage states "the Bank sets interest rates to keep inflation low to preserve the value of your money". Such sentiments ring hollow as inflation roars ahead. The bank is ignoring the evidence and increasing inflation risks further.

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