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Category Archives: Economic Instability
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 distribution of wealth, poverty, white trash
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Conventional economic theory ignores the laws of physics
[ It’s the energy stupid! These figures clearly show a link between energy and the economy. Conventional economic theory has to ignore energy or that would prove that there are Limits to Growth. What follows is from Nafeez Ahmed’s 2017 … Continue reading
Posted in Economists are Stupid and Crazy, Limits To Growth
Tagged economists, energy, GDP, laws of physics, limits to growth, money
3 Comments
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 food stamps, hunger, SNAP, starvation
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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 collapse, Detroit, infrastructure, nuclear waste
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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 HSBC bank, peak oil
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 money, negative interest rate, Nicole Foss, war on cash
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 bubble, corruption, debt, financial crash, index
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
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 poverty, recession, unemployment
Comments Off on 67% of USA counties still in recession — lower incomes than 2009