June 2010 - The Automatic Earth

Trickles, Floods and the Escalating Consequences of Debt

Jun 142010

June 14, 2010 Posted by Nicole Foss at 3:23 pm Primers Comments Off

Trickles, Floods and the Escalating Consequences of Debt

Dorothea Lange Dead Ox Flat October 1939 “Mr. and Mrs. Wardlaw at entrance to their dugout basement home, Dead Ox Flat, Malheur County, Oregon” Ilargi: Stoneleigh today, in between speaking engagements, tackles the slowly but surely creeping closer threat of being in debt. We may no longer -or maybe should we say not yet- have debtors’ prisons, but that doesn’t mean that everyone is safe from debt collectors, including state officials who often -illegally- work as such. The Star Tribune

Dollar-Denominated Debt Deflation

Jun 032010

June 3, 2010 Posted by Nicole Foss at 8:52 pm Primers Comments Off

Dorothea Lange Ennui 1939 “One of Chris Adolph’s younger children. Farm Security Administration Rehabilitation clients, Washington, Yakima Valley, near Wapato” Stoneleigh: Since we at The Automatic Earth generally tell people to hold cash or cash equivalents, it makes sense to expand on that a little, and to point out some of the location-specific risks of doing so. We tell people to hold cash because that is what they will need access to in order to make debt payments and to