There's definitely a melancholic ingredient in Cafe Tacvba concerts in the United States versus in other places.
Debtor countries may postpone the inevitable by borrowing from the IMF or U. S. Treasury to buy out bondholders. This saves the latter from taking a loss - leaving the debtor country with debts that are even harder to annul, because they are to foreign governments and international institutions.
What do the 5%, or the 1% actually use their money for? They lend it back to the economy at large, they load it down with debt. They make their money by lending to the bottom 95%, or the bottom 99%. When you give them more after-tax income, it enables them to buy even more control of government, even more control of election campaigns. They're not going to spend this money back into the goods-and-services economy.
So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.
The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [. . . ] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.
Skeptics, who flatly deny the existence of any unexplained phenomenon in the name of 'rationalism,' are among the primary contributors to the rejection of science by the public. People are not stupid and they know very well when they have seen something out of the ordinary. When a so-called expert tells them the object must have been the moon or a mirage, he is really teaching the public that science is impotent or unwilling to pursue the study of the unknown.