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.

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

Hang Onto Your Wallets: Negative Interest, the War on Cash and the $10 Trillion Bail-In (Excerpts) 23 November 2015  By Ellen Brown, The Web of Debt Blog  By quietly eliminating the possibility of cash withdrawals, banks can make sure 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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Tilting at Windmills, Spain’s disastrous attempt to replace fossil fuels with Solar Photovoltaics

Book review of “Spain’s Photovoltaic Revolution. The Energy Return on Investment”, by Pedro Prieto and Charles A.S. Hall. 2013. Springer. Reviewed by Alice Friedemann, www.energyskeptic.com, last updated November 30, 2015 Last updated April 11, 2015 with responses from Prieto on … Continue reading

Posted in Alternative Energy, Charles A. S. Hall, Debt, Electric Grid, Energy, EROEI Energy Returned on Energy Invested, Pedro Prieto, Photovoltaic Solar, Solar, Solar EROI | Tagged , , , , , , , , | 26 Comments

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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Gail Tverberg: How this collapse differs from past collapses

Converging Energy Crises – And How our Current Situation Differs from the Past  May 29, 2014 by Gail Tverberg At the Age of Limits Conference, I gave a talk called Converging Crises (PDF), talking about the crises facing us as we reach energy … Continue reading

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Energy price increases and the 2008 financial crash: a practice run for what’s to come?

Hall, C.A.S., Groat, A. 2010. Losing Faith in Economics. Energy price increases and the 2008 financial crash: a practice run for what’s to come? The Corporate Examiner. 37: No. 4-5: 19-26. The summer of 2008 saw the third year in … Continue reading

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Global Bond Frenzy Raises Concerns

Global Bond Frenzy Raises Concerns By LANDON THOMAS Jr. FEB. 19, 2014 New York Times. Prospecting for oil in Brazil, manufacturing steel in Russia, erecting skyscrapers in China: Global bond investors have financed some of the grandest investment projects taken … Continue reading

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Student loan crisis widens gap between rich and the rest

Student loan crisis widens gap between rich and the rest. Bill Zimmerman.   February 21, 2014.  San Francisco Chronicle. Growing concern about wealth and income inequality overlooks a principal cause: the student loan crisis, which is much deeper than the $1.1 … Continue reading

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Financial system brought down by next oil shock

Erik Townsend. 6 January 2013. Why Peak Oil Threatens the International Monetary System. ASPO-USA The U.S. Treasury bond market will most likely crash, and borrowing costs will skyrocket. Those increased borrowing costs will further exacerbate the fiscal deficit. Can you … Continue reading

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