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Category Archives: Crash Coming Soon
Toxic Loans Around the World Weigh on Global Growth
Preface. Obviously endless growth on a finite planet is impossible. Clearly the main “benefit” of debt is being able to rape and pillage the planet immediately. The accumulating debt can never be paid off, because energy is required to grow … Continue reading
Many signs of peak oil and decline
Preface. Recently the IEA 2018 World Energy Outlook predicted an oil crunch could happen as soon as 2023. Oil supermajors are expected to have 10 years of reserve life or more, Shell is down to just 8 years. Political shortages … Continue reading
How United Nations scientists are preparing for the end of capitalism
Preface. The article below was written by Nafeez Ahmed, who wrote one of my favorite books “Failing States, Collapsing Systems: BioPhysical Triggers of Political Violence“. Ahmed writes: “Most observers have no idea of the current biophysical realities – that the driving … Continue reading
Posted in Crash Coming Soon, Organizations
Tagged biophysical economics, captialism, collapse, EROI, Nafeez Ahmed, United Nations
3 Comments
Richard Heinberg: Our bonus decade
Preface. Because of the bonus oil and gas fracking brought us starting in 2005, Heinberg says “I’ve titled this essay “Our Bonus Decade” because the past ten years were an unexpected (by us peakists, anyway) extra—like a bonus added to … Continue reading
The Butterfly Defect: How Globalization Creates Systemic Risks
Preface. I’m fascinated by system risks, so I’ve included this, though there’s no awareness at all of peak oil or limits to growth or that energy, not money, is the basis of civilization and foundation of every single widget made … Continue reading
Posted in Crash Coming Soon, Financial
Tagged banking, contingency, finance, systemic risk
1 Comment
Crash alert: China’s resource crisis could be the trigger
Preface. Way to go Nafeez Ahmed, your second home run of reality based reporting on the energy crisis this week. There are countless economists within the mainstream media predicting an economic crisis worse than in 2008, but they totally ignore … Continue reading
Posted in Crash Coming Soon, EROEI remaining oil too low, Peak Oil
Tagged china, debt, EROI, financial crisis, peak oil
Comments Off on Crash alert: China’s resource crisis could be the trigger
Homer-Dixon predicts 20 to 30% chance of Trump causing financial crisis, war, civil violence, and authoritarianism over next 5 years
[ Homer-Dixon wrote an article over a year ago for the Toronto Globe and Mail titled “Crisis analysis, how much damage can Trump do? (A lot). How’d his prediction turn out? Within this article is a link showing 4 major … Continue reading
Posted in Crash Coming Soon, Scientists, Social Disorder, War
Tagged authoritarianism, civil violence, financial crash, Trump, war
1 Comment
Nobel prize economist Robert Shiller: market risk keeps him awake worrying
[ According to this article: “Shiller’s latest analysis shouldn’t be taken lightly. His forecasting skills were recognized in 2013 when he won the Nobel Prize in Economics. He’s known for predicting both the dot-com bubble and the housing bubble in … Continue reading