Category Archives: Crash Coming Soon

Since 2008: No reform, corruption continues, banks are even MORE insolvent, trillions in bail-out money kicked the can down the road, making the next crash worse, and too much debt to do another bail-out

Many signs of peak oil and decline

Preface.  Recently the IEA 2018 World Energy Outlook predicted an oil crunch could happen as soon as 2023.  Oil supermajors are expected to have 10 years of reserve life or more, Shell is down to just 8 years. Political shortages … Continue reading

Posted in Debt, How Much Left, Peak Oil | Tagged , | 6 Comments

How United Nations scientists are preparing for the end of capitalism

Preface. The article below was written by Nafeez Ahmed, who wrote one of my favorite books  “Failing States, Collapsing Systems: BioPhysical Triggers of Political Violence“. Ahmed writes: “Most observers have no idea of the current biophysical realities – that the driving … Continue reading

Posted in Crash Coming Soon, Organizations | Tagged , , , , , | 3 Comments

Richard Heinberg: Our bonus decade

Preface.  Because of the bonus oil and gas fracking brought us starting in 2005, Heinberg says “I’ve titled this essay “Our Bonus Decade” because the past ten years were an unexpected (by us peakists, anyway) extra—like a bonus added to … Continue reading

Posted in Crash Coming Soon, Richard Heinberg | Tagged , , | 7 Comments

238 academics call on the EU to plan for a post-growth future

Preface. We know there’s going to be no growth soon due to peak oil and limits to growth, and ought to be planning for it so that the financial system doesn’t “freak out” and crash like Humpty Dumpty, beyond repair.  … Continue reading

Posted in Crash Coming Soon | Tagged , , , , | 5 Comments

The Butterfly Defect: How Globalization Creates Systemic Risks

Preface. I’m fascinated by system risks, so I’ve included this, though there’s no awareness at all of peak oil or limits to growth or that energy, not money, is the basis of civilization and foundation of every single widget made … Continue reading

Posted in Crash Coming Soon, Financial | Tagged , , , | 1 Comment

Crash alert: China’s resource crisis could be the trigger

Preface.  Way to go Nafeez Ahmed, your second home run of reality based reporting on the energy crisis this week.  There are countless economists within the mainstream media predicting an economic crisis worse than in 2008, but they totally ignore … Continue reading

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The coming crash in 2020 from high diesel prices for cleaner emission of oceangoing ships

Preface.  Ships made globalization possible, and play an essential role in our high standard of living, carrying 90% of global goods traded. But the need for a new, cleaner fuel may cause the next economic crisis.  What follows are excerpts … Continue reading

Posted in By People, Crash Coming Soon, Peak Oil, Ships and Barges | Tagged , , , | 3 Comments

Homer-Dixon predicts 20 to 30% chance of Trump causing financial crisis, war, civil violence, and authoritarianism over next 5 years

[ Homer-Dixon wrote an article over a year ago for the Toronto Globe and Mail titled “Crisis analysis, how much damage can Trump do? (A lot). How’d his prediction turn out? Within this article is a link showing 4 major … Continue reading

Posted in Crash Coming Soon, Scientists, Social Disorder, War | Tagged , , , , | 1 Comment

Nobel prize economist Robert Shiller: market risk keeps him awake worrying

[ According to this article: “Shiller’s latest analysis shouldn’t be taken lightly. His forecasting skills were recognized in 2013 when he won the Nobel Prize in Economics. He’s known for predicting both the dot-com bubble and the housing bubble in … Continue reading

Posted in Crash Coming Soon | Tagged , , | 1 Comment

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 , , | 2 Comments