The Daily Economic Update

WELCOME To the new Daily Economic Update Web Blog.

I have made some big changes in the layout of this site and I am hoping it will make it more user friendly and easier for me to post new content. CLICK HERE… For daily postings from me about current events and news items. CLICK HERE For informational videos about our money system and other deep economic subjects. CLICK HERE  to view my fictional writing in an interesting “Diary” style.

The Daily Economic Update is a continuation of a project that I started back in 2005 on the Running on Empty web blog. It started as a weekly post on that site called “SIGN POSTS”. It was a compilation of news stories and commentary that bucked the conventional wisdom at the time that said “There IS NO HOUSING BUBBLE”.  Many commentators (myself included) were warning all who would listen, about the economic devastation that the collapse of the housing market would bring.

Further we warned that this was not going to be a run of the mill “recession” that the Main Stream commentators were telling everyone. These same MSM commentators were the ones that proclaimed a new economic age in 2005 and were POSITIVE that the housing doom Sayers were insane. In October of 2008 I was proven right as the combination of Peak Oil and the collapse of the housing bubble pushed the global economic system to the brink of collapse(our President’s estimation by the way).

So here we are at the beginning of 2011 and the same MSM Commentators are once again glossing over gapping problems in our system and they STILL fail to understand the dire implications of Peak Oil and other shortages that are just now beginning to plague our world. NOTHING has changed my friends. The same people who oversaw this corrupt system are still in charge. The same laws and rules that allowed leverage to reach over SIXTY TO ONE in some cases has not been changed one bit. The same politicians and corporate lobbyist are still holding the levers of power. SO HOW CAN WE BELIEVE THE OUTCOME WILL BE DIFFERENT THIS TIME??

This blog will chronicle the 2nd leg of this economic collapse as it happens. I cannot tell you when it will happen no better than I could in 2005 when I started warning people about the housing collapse. But I can tell you that without systemic changes, it is a CERTAINTY. And these changes cannot be the cosmetic BS that is being pushed by this administration (or was pushed by GWB as he deftly left office as it all fell apart), I am talking about fundamental changes in everything we are doing as a society.

I will try and mix some realistic optimism in with my very sharp (and sometimes angry) critiques of the Mainstream Media’s portrayal of our current economic situation. I will try and give good advice on what you can do to mitigate the problems we will all be facing in the coming months and years. This is NOT a doom website, though the content can (and will) be very disconcerting for many. But without a sober and realistic accounting of the problems we face, we can expect a replay of October 2008 once again. Only this time it will be orders worse as there will be no bailouts left to prop up the system.

Feel free to comment at the end of any post. Please keep it relevant and social. I reserve the right to delete any post I find offensive or that may offend others. Other than that, have fun and hopefully you’ll learn a few things..

Robert