Category Archives: Economic

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.

Have Cash by Nicole Foss July 3, 2010

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 … Continue reading

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The need for trust

Beyond the Trust Horizon  Oct 1, 2010  Nicole Foss   theautomatic earth Relationships of trust are the glue that holds societies together. Trust takes a long time to establish, and much less time to destroy, hence societies where trust is wide-spread, … Continue reading

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Gordon Long Extend & Pretend

Gordon Long has interesting ideas about what’s going on and how to invest accordingly.  I don’t agree with all that he writes, but what he has to say sure is interesting and a good overview of the incredibly widespread corruption … Continue reading

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Jeff Rubin: Oil and the End of Globalization

Jeff Rubin: Oil and the End of Globalization Nov 8, 2010. ASPO-USA Much of the article has been snipped below: It is easy to see how sub-prime mortgages blew up Wall Street; it is a little more challenging to see … Continue reading

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Automaticearth World View

Here is an updated distillation of our worldview. The Resurgence of Risk, which appeared at The Oil Drum Canada in August 2007 provides the background to how we came to be in our present predicament. It is by far the … Continue reading

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Sovereign Default predictions

Matt Mushalik: Links Between Peak Oil and Financial Crisis; also Updated Graphs Feb 1, 2009. A comment by WNC Observer on this post. theoildrum.com My guess is that a US sovereign default is probably not in the cards anytime before … Continue reading

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What derivatives are and why you’re screwed

You are the Crisis Feb 2, 2009 by Ilargi at theautomaticearth Oh no, we’re not rid of the bad bank drivel yet, are we? I started out trying to make a point about the character of the paper a bad … Continue reading

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Ellen Brown’s Web of Debt blog

Brown’s Web of Debt blog and books are well researched and worthwhile reading, but she isn’t aware of the energy and resource crises, so her work isn’t fully informed.  But still, you can see that even without those larger issues, … Continue reading

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The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives

The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives Posted on September 17, 2013 by Ellen Brown Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow … Continue reading

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A Flaw in the Hyperinflationary Argument

Dec 13, 2009 A Flaw in the Hyperinflationary Argument  intothegreyzone.com People assuming hyperinflation are assuming that the cash injected into the system will be spread equally or nearly equally, resulting in competitive bidding with more dollars for the current pool … Continue reading

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