Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Thursday October 8th, 2009

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U.S. Dollar Collapse:

UK Telegraph: Historians will Date Collapse of U.S. Dollar to Last Month

Zero Hedge: Plight of the U.S. Nightcrawler (a.k.a. "The U.S. Dollar")

Wall Street Journal: Measured in Euros, U.S. GDP Fell 25% Since 2000

Bloomberg: Deficit for 2009 at $1.4 Trillion, 300% of What Was in 2008

Mish Shedlock: "Why would anybody in their right mind hold dollars?"

Economic Collapse:

Wall Street Journal: Consumer Credit Being Ratcheted Down Savagely

Reuters: Rate of Hours Worked Per Week Plunges to New Record Low

MSN: Rich People Walk Away from Mortgages More Than Middle Class

Mish Shedlock: Government Statistics Coming from the Twilight Zone

Alternet: Economy is Doing Great! (But Only if You Don't Have to Work)

Alternet: Welcome to the All White Ghettos, aka the American Suburbs

Most Crucial Articles from Yesterday's Update:

Yahoo: "The real economy is dying, fourth quarter will be a bloodbath"

NY Times: Paralysis in the Debt Markets is Deepening Credit Drought

Market Watch: Latvia on the Brink of Collapse, Carnage Could Spread

Recent Articles Worth a Second Look:

Wall Street Journal: Huge Number of Americans Out of Work and Hope

Slate: Indebted Young People Feel "Betrayed" Over State of Economy

Kunster: People Getting Desperate as America Plunges Into Black Hole

Preparation and Relocalization:

SurvivalBlog: How Should I Assess My Location & Develop Scenarios?

Outside Online: What's the Number One Survival Skill I Should Learn?

Alternet: How to Raise Pigs and Turkeys in an Inner City Environment?

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