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.

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

Posted on September 27, 2018 by

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 →

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Conventional economic theory ignores the laws of physics

Posted on November 4, 2017 by

[ 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 →

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Ugo Bardi on money, gold, and silver

Posted on May 18, 2017 by

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 →

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Detecting Food Stamp Fraud

Posted on April 8, 2017 by

[ 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 →

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Why is Detroit falling apart so fast?

Posted on February 6, 2017 by

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 →

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HSBC bank report predicts another financial crisis in 2018

Posted on January 18, 2017 by

[ 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 →

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Nicole Foss: Negative interest rates and the war on cash

Posted on January 2, 2017 by

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 →

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Corruption and economic instability in the news

Posted on November 12, 2016 by

[ 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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Millions of Americans have tropical diseases they’re unaware of

Posted on November 11, 2016 by

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 →

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67% of USA counties still in recession — lower incomes than 2009

Posted on March 4, 2016 by

[ 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 →

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