U.S. stock losses intensified Thursday 26th August with Wall Street on edge about the health of the economic recovery.

Investors are looking for data "to confirm, deny or corroborate what we've hearing, that there is a 30% to 60% chance of a
double-dip recession actually occurring, depending on who you actually listen to," said Paul Nolte, managing director at Dearborn Partners. Source

Where are we heading?

• Huge Debts

• No savings

• Assets devalued

• Where we live

• Peak Oil

• Climate Change

Is life as we know it about to change?

YES

Blame is ultimately laid at the feet of our culture of consumerism

The global financial crisis has evolved into a worldwide recession of epic proportions. Analysts fear the sudden slump which has followed the credit crunch could even rival the Great Depression of the early 1930s and lead to global stagnation.

A growing economy depends on reliable flow of new resources and on an environment with a capacity to accommodate growth and absorb waste. Yet we are running down our resources at an alarming rate. Rapidly acidifying oceans, declining fish stocks and forest areas, biodiversity decline, freshwater contamination, depleted aquifers and rivers, failing oil states more chaotic climate.

Any question of economic collapse is not if, but when..... Things will not return to how they have been, we must deliberately redirect the economy from one base on emission-generating fossil fuels to one based directly or indirectly on solar energy. We need to listen to the scientists and not the economists to bring the economy function into line with global ecological realities. Physical laws tell us that unless we change direction, our economy and by implication our social fabric, must inevitable crash.