Category Archives: Corruption

One of the biggest risks to the world’s financial system is the $3 trillion of debt owed by oil and gas firms

[ Yet another “crash coming soon” post, if it hasn’t happened already (I scheduled this article and others to appear a year or more later, since crashes always take longer to happen than you expect. Alice Friedemann   www.energyskeptic.com  author of … Continue reading

Posted in Bond Market, Crash Coming Soon, Debt, Oil & Gas Fracked | Tagged , , | 1 Comment

Steve St. Angelo: Prepare for asset price declines of 50 to 75%

Steve St. Angelo. July 4, 2017. Prepare for asset price declines of 50 to 75%. SRSRocco report. What we have is a totally propped-up market based upon debt. Energy isn’t producing positive growth. So instead of having real economic growth, … Continue reading

Posted in Crash Coming Soon | Tagged , | 2 Comments

Steve St. Angelo: The global oil & gas industry is cannibalizing itself to stay alive

[ I heard Steve recently on a Peak prosperity podcast here.  I like St. Angelo because he is one of very few financial advisors who understand the role energy plays in the economy.  Though I don’t think that gold and … Continue reading

Posted in Debt, Economic, Investing advice, Natural Gas, Oil | Tagged , , | 2 Comments

The real trouble with ‘Bizarro Capitalism’ by Porter Stansberry 7-22-2017

[ I sent out a newsletter to everyone I knew in 1999 about why dot.com companies were going to go bust, started warning people in 2002 that there was a housing bubble, and in 2005 that a financial crash was … Continue reading

Posted in Crash Coming Soon, Debt | 2 Comments

Many signs of peak oil and decline

[ I think the huge debt of major and minor oil and gas companies, falling cash flow, and dimming prospects are a huge waving banner of “Danger Ahead!”  It was expected by those of us following the energy crisis that … Continue reading

Posted in Debt, How Much Left, Peak Oil | Tagged , | 1 Comment

The growth of incarceration in the U.S. Causes and consequences. National Research Council 2014

Preface. This National Research Council 465-page report may be the most comprehensive study of the U.S. prison system there is.  It will make you cry. I’ve excerpted about one-sixth of it below.  It is shocking that the “U.S. penal population … Continue reading

Posted in Advice, Drug wars and the prison system, Politics, Politics | Tagged , , | Leave a comment

Preventing economic shock wave: Securing the port of Houston from a terrorist attack

                    [ An attack on (LNG) ships, oil tankers, or the Houston port facilities Houston would cause an oil shock, since a third of oil refining takes place there, and it’s … Continue reading

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Wells Fargo created bogus bank accounts and credit cards without customer knowledge, billed them millions

[ I know this is “old news” from 2016, but the drawback of newspapers is that stories aren’t repeated.  What an insane level of corruption we’ve reached! Just look at the financial book list I haven’t yet posted at the … Continue reading

Posted in Banking | Comments Off on Wells Fargo created bogus bank accounts and credit cards without customer knowledge, billed them millions

Not only are telecom companies screwing us on net neutrality, they refuse to get rid of robocalls

Preface. It’s four years after the 2013 Senate hearing below and the telecomm industry has still refused and congress and/or the Federal Trade Commission (FTC) have not demanded robocalls be blocked despite over 10 years of complaints.  In fact, unwanted … Continue reading

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Book review of “Chasing the Scream: The First and Last days of the War on Drugs”

[ The founder of the War on Drugs, Harry Anslinger, wanted to build as large a bureaucracy as possible. But a war on narcotics alone—cocaine and heroin, outlawed in 1914—wasn’t enough. They were used only by a tiny minority, and … Continue reading

Posted in Corruption, Drug wars and the prison system | Tagged , , | 4 Comments