Monthly Archives: February 2014

Book review of Murderers in Mausoleums. Riding the back roads of empire between Moscow and Beijing

Book review of Murderers in Mausoleums. Riding the back roads of empire between Moscow and Beijing. Jeffrey Tayler. 2009. This was a very timely book to read while the crisis is unfolding now in the Ukraine. One of the reasons … Continue reading

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Bloomberg: Dream of U.S. Oil Independence Slams Against Shale Costs

Dream of U.S. Oil Independence Slams Against Shale Costs By Asjylyn Loder – Feb 26, 2014 The path toward U.S. energy independence, made possible by a boom in shale oil, will be much harder than it seems. Just a few of the roadblocks: Independent producers will spend … Continue reading

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Wall Street Journal FDIC Faces Balancing Act in Replenishing Its Coffers

FDIC Faces Balancing Act in Replenishing Its Coffers August 21, 2008.  Wall Street Journal. As financial institutions continue to fail, the Federal Deposit Insurance Corp. is under pressure to decide how to replenish the fund that insures consumer deposits. The … Continue reading

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Your Money is not Safe in an FDIC Insured Bank Account

Below are 3 articles about why the FDIC can’t actually protect your money at banks Ellen Brown. July 5, 2013 Think Your Money is Safe in an Insured Bank Account? Think Again. A trend to shift responsibility for bank losses … Continue reading

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Deflation : The meltdown was far more like the crash of 1873 than the 1929 Great Depression

The Real Great Depression. The depression of 1929 is the wrong model for the current economic crisis. 10-17-2008. Scott Nelson.   The Chronicle of Higher Education. As a historian who works on the 19th century, I have been reading my newspaper … Continue reading

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James Howard Kunstler 2007 Predictions: many came true

Kunstler (and many others) saw the immense corruption on Wall Street and the housing bubble years before it popped.  He is also one of the few who saw it would be deflationary and understands how the financial system and energy … Continue reading

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Civil Asset Forfeiture: across the nation authorities confiscate cash & homes of innocent people

Source: Ironside AM (2016) New report finds civil asset forfeiture most heavily burdens minorities and low-income communities. Civil Rights Law & Policy Blog. Preface. Basically if you’re poor, your cash, car, home, and other property can be confiscated for no … Continue reading

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The repo market was a key reason the meltdown happened

NY Fed’s Dudley Warns that “Firesales” Could Trigger Another Financial Crisis.  Still Broken Five Years Later by Mike Whitney. Feb 21-23, 2014. Counterpunch. “The repo market wasn’t just a part of the meltdown. It was the meltdown.”  – David Weidner, … Continue reading

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Nuclear Winter in China: Chinese Smog will lower food supplies

Scientists liken Chinese smog to ‘nuclear winter’ February 27, 2014.  by Kim Kyung-Hoon. Reuters. Air pollution in parts of China is now so extreme it could lead to conditions similar to a “nuclear winter,” scientists say. The smog that covers … Continue reading

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Science: A Drier Future. Global Warming is likely to lead to overall drying of land surfaces.

A Drier Future. Global Warming is likely to lead to overall drying of land surfaces. Sherwood, S & Fu, Q. Science. 14 Feb 2014. Vol 343. pp 737-739 Global temperature increases affect the water cycle over land, but the nature … Continue reading

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