CAPITALISM WITHOUT CONSCIENCE LEADS TO COLLAPSE

Farrell and Grantham are dead on. We don’t have free market capitalism in this country or anywhere in the world. Politicians in the pockets of mega-corporations and powerful banking interests have attempted to manipulate the worldwide economic system to benefit the few at the expense of the many. They have created a Frankenstein’s Monster and it has escaped. They use their control of the corporate media to try and use propaganda and misinformation to keep the masses sedated and ignorant of the danger. They are incapable of stopping the monster at this point. There are not enough courageous people in positions of authority to stop the self destruction of the worldwide economic system. The efforts of those in power to keep the ponzi scheme going are becoming increasingly futile. The fake solutions and creation of new debt to replace bad debt have a half life of about two weeks. Then a new leak develops in the dyke. The end is drawing near. There will be revolution. There will be blood. You know the enemy. They inhabit the top floor executive offices on Wall Street and the offices in the Capital Building in Washington DC.

10 explosive bubbles that will kill capitalism
Commentary: Slow-motion train wreck in store for U.S.

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — In mid-2005, three years before Wall Street’s credit meltdown, the Economist warned of the “Biggest Bubble in History.” In five short years after the 2000 dot-com crash property prices across the world had risen an unprecedented 75%. Real estate had become the new dot-com.

In his April 2007 quarterly newsletter, Jeremy Grantham, founder of the $95 billion GMO firm, reinforced the warning: “First Truly Global Bubble, impacting all countries, all assets worldwide.”

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