This is such an obvious question. Yet how many people on CNBC or MSNBC have ever answered it for you? You are left to assume that the US is such an incredibly efficient and hard working nation, that everyone trusts us to pay that debt off at some point in the future…. Right? Anyone? Bueller? (Ferris Beuhler’s Day Off reference for our non-US readers).

with Robert F. Denner.

Hello CollapseNet. I am proud to announce that I am a new commentator on matters of finance, economics and monetary systems. I feel very lucky to be given this opportunity and I will do my level best to make it relevant and worthy of a spot on these pages.

November 2, 2001, SEBASTOPOL – Major evolutions are happening quickly. Rubicons are being crossed, sometimes by the day, sometimes by the hour. Opportunities to nurture the change of consciousness and strengthen Post Petroleum Human’s place in the increasing Babel of confusion, chaos and collapse present themselves and withdraw faster than Henry the Hummingbird can drain a jasmine blossom.

I suppose that most of us can relate to a parent or an aunt, uncle or grandparent risking and taping into their own sterling credit rating to bail out a wayward child with an astonishing record of irresponsibility and fraudulent, criminal behavior. And I think all of us can relate to that elder reaching a point where the errant progeny is left to face the consequences of their actions by themselves.

New York survived Irene, but why isn't anyone celebrating and chanting USA for this reprieve? Mike discusses this and the change of the current collective spirit. 

Mike discusses what felt like the most intense week in his long career.  He also welcomes two insightful Australians to The Lifeboat Hour this week.

There has not been a time like the present, where there are protests, riots, and just general civil unrest breaking out all over the globe. London, Israel, Syria and Egypt is just for starters. Is there a connection to all these disturbances?

The current global social and economic collapse we are witnessing right now was accurately predicted by MCR in April of 2011.  In this video he provides further analysis on the current accelerated unraveling of the global economic paradigm.

MCR's Member Only EMERGENCY ACTION ALERT from April 8th, 2011 predicted the global market turmoil we are seeing right now.  Mike said that there would be no way to continue hiding the economic collapse by the end of July.  In the early days of August we now see global markets tanking.

Under the new proposal, if the new legislative body, made up of six Democrats and six Republicans from both chambers, doesn't come up with a bill that cuts at least $1.5 trillion by Thanksgiving, entitlement programs will automatically be slashed.

July 23, 2011, 1400 PDT, SEBASTOPOL – This short article is necessary to address a problem that is going to get bigger: COINTELPRO, Zombies and Trolls on Collapsenet’s site.

Reflections on Collapse #6 -- Norway

It is clear, the Murdoch Empire is under attack. But what exactly does this mean and what are the implications for attacking the 13th Most Powerful Man in the World (Forbes) ? Michael C. Ruppert provides evidence and analysis of the current landscape, which points to the likelihood that there is a global move against Israel, not Judaism. For the first time in decades Michael Ruppert see a golden opportunity for those who have for so long suffered with FOX News and those it represents... to fight back and win. (Members Only story)  

June 6, 2011, 1400 PDT, SEBASTOPOL – Rarely will you see CNN Money post a story that tells unvarnished truth without spin. But since the subject was Meredith Whitney, her side was going to get told. Collapsenet members will know that over the course of the last year we diligently documented, analyzed and forecast the budget crises that are now enveloping the states.