oh shit .. 05:15 in the morning
just spend a night researching #US #consumer houshold #debt, without noticing
at least you can profit of my stupidity because I'm telling now that the world is clearly headed into a 2008 style global #EconomicCrisis
epicenter will again be the #USA
this time it isn't going to be just a #mortage default crisis but a everything default (#AutoLoans, #CreditCard, #StudentDebt, ..)
and the trigger is #tariffs & #doge adding to an already financially hurting nation
The Silent Crisis: UK, Australia, Canada.
Three nations, oceans apart, facing the same unraveling: rising costs, stagnant wages, vanishing industries, and mass migration propping up broken systems. Politicians promise solutions, but the problems only deepen—homeownership is a distant dream, public services are crumbling, and wages haven’t moved in decades.
This isn’t just bad luck—it’s managed decline. A strategy not to fix nations, but to ensure their collapse happens “orderly,” while the powerful extract wealth. From housing crises to cultural shifts, the evidence points to something far more deliberate than mismanagement.
The cracks are widening. How long will we pretend not to see them?
#EconomicCrisis #HousingCrisis #ManagedDecline #UK #Australia #Canada
Blaming Labour for Their Own Failures
The Tories blamed Labour for problems they had 14 years to fix. NHS inefficiencies? Tory cuts. Rising welfare spending? Their own low-wage economy. Economic collapse? Liz Truss tanked it in 44 days. #ToryFailure #UKPolitics #EconomicCrisis
4/ Internally, Europe struggles with slow economic growth, technological stagnation, and rising radical political movements. These fractures weaken EU unity and make it harder to respond to global challenges. #EconomicCrisis #Populism
Season Two Episode Three: Beirut: Finding Your Future in a Nearly Failed State, With JD Harlock
The situation in Lebanon today is bleak. Carved out of the remains of the Ottoman Empire and subjected to years of colonialism-lite administration by France, its economy and infrastructure have been devastated by a long civil war, overlapping occupations by Syria and Israel, and corruption on a massive scale. Since 2019, Lebanon has been in the midst of a severe financial crisis, with widespread unemployment and hyperinflation. Now 80% of the population is poor and Lebanon is on the brink of becoming a failed state.
And yet, JD Harlock, erstwhile Poetry Editor at Solarpunk Magazine, who lives in Beirut, believes in solarpunk. Join us for this episode to find out how that can be and what day to day life is like in Beirut right now.
You can find JD on X and Instagram at @JD_Harlock.
NB: This episode was recorded several years ago, before (open) Israeli state aggression, and so some of what is discussed will necessarily have changed.
The effects on the country’s already fragile #healthcare system are visible. In April last year, all #EmergencySurgeries were suspended for several weeks in the District General Hospital in #Embilipitiya, about 200km (120 miles) south of #Colombo, after two #anaesthesiologists there left the country. #SriLankaCrisis
#SriLanka loses 10 percent of its #doctors amid exodus after #EconomicCrisis
https://www.aljazeera.com/features/2024/6/20/fed-up-doctor-exodus-bleeds-sri-lankas-healthcare-after-economic-crisis
#March2nd
#Harrisburg
#MassAction
#VoicesUnited
#FinancialJustice
#EconomicCrisis
#HousingInequality
#HealthcareRights
#EndPoverty
#DebtStruggles
#ChildhoodPoverty
#AirAndWaterJustice
#SystemicChange
#WarOnThePoor
#TaxDollarsMatter
#PowerInUnity
#PovertyAbolitionists
#EndPovertyDeaths
#RichestCountry
#SocialJustice
#SilentNoMore
#OrganizeForChange
#PAActivism
#CommunitySolidarity
#March2Hbg
#Pakistan is in an #EconomicCrisis, with dwindling foreign #CurrencyReserves that will be further strained by a US$1 billion (S$1.35 billion) #BondPayment due in two months, while its US$3 billion funding programme with the #IMF expires on April 12.
"Our reserves will evaporate in weeks," said former finance minister Hafeez Ahmed Pasha. #PakistanElection #ImranKhan
Pakistan may face more economic misery if election result unclear
https://www.straitstimes.com/asia/pakistan-may-face-more-economic-misery-if-election-result-unclear
Uncertainty drives market gyrations - World Socialist Web Site
Disoriented by #hyperinflation and rising #poverty, many Argentinians see the adoption of the #USDollar as the country’s official currency as the long-awaited solution to an #EconomicCrisis that they’ve been struggling to escape from since 2018.
Why hard-right #libertarian #JavierMilei wants to dollarise #Argentina’s economy
https://www.france24.com/en/americas/20231002-why-hard-right-libertarian-javier-milei-wants-to-dollarise-argentina-s-economy
Authorities in Ghana have detained dozens of people for unlawful assembly as protesters have spent three days rallying over the economic crisis. #Ghana #corruptgovernment #economiccrisis #antiprotestlaws
Youth unemployment? What youth unemployment?
"Release of figures suspended in order to ‘optimise labour force survey statistics’, says bureau, after youth jobless figure hit record 21.3% in June"
https://www.theguardian.com/world/2023/aug/15/china-unemployment-rate-youth-economy
