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.

Food shortages as the energy crisis grows and supply chains break?

Preface. This is a long preface followed by two articles about how supply chains and complex tractors may be affected by energy shortages and consequent supply chain failures in the future.Which we’re already seeing as massive numbers of ships sit … Continue reading

Posted in Cascading Failure, CyberAttacks, Economic Decline, Interdependencies, Liebig's Law, Peak Critical Elements, Peak Oil | Tagged , , , , , | Comments Off on Food shortages as the energy crisis grows and supply chains break?

Kurt Andersen: “Evil Geniuses” & wealth

Preface.  This is a well-written book with original insights into the economic, cultural, and politics behind how we got to a right-wing wannabe fascist incredibly unfair distribution of wealth.  But Andersen is unaware that energy, not money, is the basis … Continue reading

Posted in Distribution of Wealth, Poverty | Tagged , | 2 Comments

Book review of “White Trash. The 400-year untold history of class in America”

Preface.  This book makes the case that the poor arrived 500 years ago when America was first settled, and most of them never rose to the middle or upper classes because “land was the principal source of wealth, and those … Continue reading

Posted in Distribution of Wealth, Financial, Politics, Poverty | Tagged , , | Comments Off on Book review of “White Trash. The 400-year untold history of class in America”

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 & Collapse, Infrastructure & Fast Crash, 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, Economic Decline | Tagged , | Comments Off on HSBC bank report predicts another financial crisis in 2018

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, Economic 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, 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