Category Archives: Economic Instability

Capitalism is a credit/debit system of borrowing money and pay it all back, plus interest. As energy declines, people will realize that loans can’t be paid back, that the principal is at risk. Stock markets worldwide will crash once Peak Oil (everything) is acknowledged, and social chaos won’t be long after that. On a separate but related track, the corruption and greed of the financial system is on course for crashing it all irregardless of energy.

Millions of Americans have tropical diseases they’re unaware of

MacKenzie, D. December 14, 2013. America’s hidden epidemic. NewScientist. Increasing climate change and poverty are likely to increase the numbers of people with these diseases. An estimated 330,000 US citizens, and possibly as many as a million, carry the parasite … Continue reading

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67% of USA counties still in recession — lower incomes than 2009

[ Time magazine points out that most of the green counties are oil drilling locations, which in 2016 are quickly losing jobs ] Wilson, C. December 15, 2015. See How Well Your Neighbors Have Recovered From the Recession. Time Magazine. … Continue reading

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What if cash were made illegal so your money could be used to bail out too-big-to-fail banks after the next crash?

[ Also see: February 28, 2016 The Global Run On Physical Cash Has Begun: Why It Pays To Panic First by ZeroHedge ] Ellen Brown. November 23, 2015. Hang Onto Your Wallets: Negative Interest, the War on Cash and the … Continue reading

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James Howard Kunstler posts

[ As I re-read Kunstler posts I will add more excerpts and/or links.  I encourage you to read these brilliant posts in their entirety at http://kunstler.com/clusterfuck-nation/ for their wonderful humor, language, and the full logical chain of discourse, which excerpts … Continue reading

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Kurt Cobb Cheap oil, complexity and counter-intuitive conclusions

Kurt Cobb. March 22, 2015.   Cheap oil, complexity and counterintuitive conclusions. Resource Insights. It is a staple of oil industry apologists to say that the recent swift decline in the price of oil is indicative of long-term abundance. This … Continue reading

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Gail Tverberg The oil glut and low prices reflect an affordability problem

Tverberg, G. March 9, 2015. The oil glut and low prices reflect an affordability problem. ourfiniteworld.com For a long time, there has been a belief that the decline in oil supply will come by way of high oil prices. Demand … Continue reading

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Signs of Peakiness, oil companies are running out of cash

Andrew Nikiforuk, August 29, 2014. A big summer story you missed: Soaring oil debt. The Tyee.  Over 100 of the world’s largest energy companies are running out of cash. Photo of Keystone pipeline in Nebraska by Shannon Ramos. Creative Commons … Continue reading

Posted in Debt, Energy Markets, Peak Oil | 1 Comment

Gail Tverberg on Inflation, Deflation, or Discontinuity?

Gail Tverberg. July 1, 2013. Inflation, Deflation, or Discontinuity? ourfiniteworld.com A question that seems to come up quite often is, “Are we going to have inflation or deflation?” People want to figure out how to invest. Because of this, they … Continue reading

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Russian energy to highest bidder US$ no longer reserve currency, Europe threatened

“Russia and the Ukraine – The Worrisome Connection to World Oil and Gas Problems”  May 7, 2014 by Gail Tverberg What is behind the Russia/Ukraine problem? It seems we are seeing Russia’s attempt to fix a 2-part problem: Some oil … Continue reading

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Cash is King in a deflation — but there are dangers

Risk 1: Capital controls Restrictions on bank withdrawals (no ATM withdrawals, no bill payments, etc) Restrictions on money market fund redemptions Greater restrictions on retirement fund liquidations Fixing an official exchange rate and criminalizing market rate transactions Banning the conversion … Continue reading

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