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.

Why is Detroit falling apart so fast?

Using Google street view history, www.goobingdetroit.com records the decay of homes in Detroit. Above shows homes September 2009, September 2011, and September 2013 I’ve been fascinated with the decline of Detroit since a guy in my dormitory told me back … Continue reading

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HSBC bank report predicts another financial crisis in 2018

[ Bill Hill of the Hill’s group predicted in June 2016 (at a peakoil.com forum): “We expect to have reached permanent depression by the end of 2017. The reduction will not hit all nations the same way. The richer Western … Continue reading

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Nicole Foss: Negative interest rates and the war on cash

Nicole Foss, September 4-8, 2016, theautomaticearth.com Part 1 is here: Negative Interest Rates and the War on Cash (1) Part 2 is here: Negative Interest Rates and the War on Cash (2) Part 3 is here: Negative Interest Rates and … Continue reading

Posted in Bubbles, Capitalism, Negative interest rates, Nicole Foss | Tagged , , , | 4 Comments

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

Posted in Crash Coming Soon, Debt, Derivatives, Energy Markets, Foreclosures, Interest Rates, James Howard Kunstler | Tagged , , , , | Comments Off on James Howard Kunstler posts

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