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.

Ugo Bardi on money, gold, and silver

What follows is from a really great book: Bardi, Ugo. 2014. Extracted: How the Quest for Mineral Wealth Is Plundering the Planet. Chelsea Green Publishing. Alice Friedemann   www.energyskeptic.com  author of “When Trucks Stop Running: Energy and the Future of Transportation”, … Continue reading

Posted in Gold & Silver, Money, Ugo Bardi | Tagged , , , | Comments Off on Ugo Bardi on money, gold, and silver

Detecting Food Stamp Fraud

[ The number of Americans on food stamps has been trending up for years, in August 2012 it was 15% of Americans, 47,102,780 people. The Supplemental Nutrition Assistance Program (SNAP), has quadrupled in cost since 2001, and doubled in cost … Continue reading

Posted in Poverty, Starvation | Tagged , , , | Comments Off on Detecting Food Stamp Fraud

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

Posted in Crash Coming Soon, Infrastructure, Infrastructure, Poverty | Tagged , , , | Comments Off on Why is Detroit falling apart so fast?

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

Posted in Crash Coming Soon, Decline | Tagged , | Comments Off on HSBC bank report predicts another financial crisis in 2018

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

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

Posted in ! About Corruption, Decline, Other Experts | Tagged , , , , | 2 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

Posted in Disease, Disease, Poverty | Tagged , , | Comments Off on Millions of Americans have tropical diseases they’re unaware of

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

Posted in Poverty | Tagged , , | Comments Off on 67% of USA counties still in recession — lower incomes than 2009

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

Posted in Banking, Ellen Brown, Money | Comments Off on What if cash were made illegal so your money could be used to bail out too-big-to-fail banks after the next crash?

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