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Diaries

Ground Zero

Submitted by hecate on Thu, 08/06/2015 - 8:18pm

Behold, he travaileth with iniquity, and hath conceived mischief, and brought forth falsehood. He made a pit, and digged it, and is fallen into the ditch which he made. His mischief shall return upon his own head, and his violent dealing shall come down upon his own pate.

The Commodity Market Wipeout

Submitted by gjohnsit on Thu, 08/06/2015 - 1:38pm

There is a systemic and fundamental change going on in the global economy and it's time to pay attention.
With our economy and financial media engineered toward consumption, falling commodity prices generally don't register for most Americans. However, there are significant shocks from a collapsing commodity market that need to be recognized as non-negligible.

Open thread 08-06-15

Submitted by shaharazade on Thu, 08/06/2015 - 6:00am

(Hey! It's Shahryar, with internet problems on my computer so I'm using shaz's. )

Really! Those people who rule the world should be ashamed of themselves but of course they're not.

In 1939 MGM made a movie called "Idiot's Delight". You might have seen it. We never had until last night. It's Europe on the brink of war. Hollywood's designated "peacenik actor", Burgess Meredith, delivers this line:

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