Category Archives: Corruption

Stansberry on “The End of America”

[ Stansberry has been predicting a market crash and currency collapse for a long time.  But this hasn’t happened yet, so Stansberry re-evaluates his ideas. He notes that the top 20 industrialized nations have pension and retiree obligations that aren’t … Continue reading

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Corruption and economic instability in the news

[ I can’t keep up with the flood of news about corruption, fraud and economic instability, which is just a symptom of the real problem: the end of growth. In a credit/debit system, lenders won’t lend if they think the … Continue reading

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Kurt Cobb on the true definition of corruption

Kurt Cobb. April 10, 2016. Corruption, resources, climate and systemic risk.  resourceinsights.com Corruption is a loaded word. One person’s corruption is another’s sound social policy. Some people believe providing unemployment benefits to laid-off workers corrupts them by making them “lazy.” … Continue reading

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When will the corrupt financial system cause another financial collapse?

[ Conventional oil production peaked in 2005-6, so if a financial crash occurs, the net energy cliff will be much steeper on the other side, since new projects won’t get financed, and unconventional oil is very expensive to produce and … Continue reading

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Pensions face bankruptcy in the future

2016-4-10. US faces disastrous $3.4 trillion pension funding hole. Collective deficit of retirement plans is three times larger than official figures. Financial Times. The US public pension system has developed a $3.4 trillion funding hole that will pile pressure on … Continue reading

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Why economic corruption or an oil decline will lead to a financial crash, depression, and permanent energy crisis

This is the introduction to the Corruption category under the Menu item 3) Fast Crash. The posts in this category show that another, much worse crash, is inevitable.  Meanwhile, low oil prices have led to less oil production and discoveries.  … Continue reading

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The 1% have always been with us – even hunter gatherers had inequality

Pringle, H. May 23, 2014. The ancient roots of the 1%. Science 344: 822-825. Don’t blame farming. Inequality got its start among resource-rich hunter-gatherers. In 79 C.E., the year Mount Vesuvius destroyed it, Pompeii was not one city but two. … Continue reading

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Taxpayers are paying for a concentrated solar project — Ivanpah– that doesn’t work

Ivanpah in the news: Dvorsky, G. May 21, 2016. The World’s Largest Solar Plant Just Torched Itself. Gizmodo (Australia). Misaligned mirrors are being blamed for a fire that broke out yesterday at the world’s largest solar power plant, leaving the … Continue reading

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Bankers and Wall Street take cheating to new levels

[ What follows is an excerpt of an interview between behavioral economist Dan Ariely (DA) and Graham Lawton (GL) in New Scientist  16 June 2012 “The Cheating Game“. This is yet another reason another worse crash is inevitable (in addition … Continue reading

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U.S. taxpayers lose billions from Powder River Basin bad lease deals and undervalued coal

According to the Center for American Progress: For decades the Bureau of Land Management (BLM) has run a fundamentally noncompetitive leasing program, which has been a boon to industry. Since 1990, 96 of the 107 coal-lease sales held by the … Continue reading

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