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Archive for Economics

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The Crisis of Credit Visualized on Vimeo

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US global dominance ‘set to wane’

US aircraft carrier USS Stennis - 6/2/2007

The US will face more competition at

via BBC News

US economic, military and political dominance is likely to decline over the next two decades, according to a new US intelligence report on global trends.

The National Intelligence Council (NIC) predicts China, India and Russia will increasingly challenge US influence.

It also says the dollar may no longer be the world’s major currency, and food and water shortages will fuel conflict.

However, the report concedes that these outcomes are not inevitable and will depend on the actions of world leaders.

It will make sombre reading for President-elect Barack Obama, the BBC’s Jonathan Beale in Washington says, as it paints a bleak picture of the future of US influence and power.

Ah Shit, US interest rates slashed to 1% What about me?!

With all this new fiat money in the system I just hope the powers that be dont change the dollar menu or niggas’ is gonna starve out here Bernanke!
via BBC News

US interest rates graph

The Federal Reserve has cut its key interest rate from 1.5% to 1% in a widely expected move, as it aims to avoid a possible US recession.

Earlier this month the Fed cut rates from 2% to 1.5% in an emergency move, which was co-ordinated with five other central banks. Interest rates have been slashed since September 2007, when the federal funds rate stood at 5.25%. The 1% level was last seen between June 2003 and June 2004.

Clip of Tim Russert- Paul Krugman vs Bill O’reilly

I’m so grateful to whoever found this. Watch how aggressively and borderline disrespectfully Bill O’reilly’s clueless ass is arguing with Paul Krugman. Paul Krugman is at least 3 times smarter than him on the subject, and is probably one of the most important economists of our time. (BTW Mr. Krugman has recently won the Nobel Prize)

Bill is arguing how excellent the American Economy is… lol wtf

Commanding Heights- The Battle for the World Economy

If you don’t watch any other Documentary- watch this one. It discusses the chaning global economic game we’re all involved in. (Three 2-hour episodes)

Episode 1: (2 hours)

Episode 2: (2 hours)

Episode 3: (2 hours)