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

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

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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

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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Bonds – a hidden risk to the economy

Condon, B. August 24, 2016. The hidden risk to the economy in corporate balance sheets. AP. America has a debt problem, but it’s not what you think. Yes, the federal government owes trillions of dollars more than it did a … Continue reading

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Toxic Loans Around the World Weigh on Global Growth

[ Since 2008 people have been struggling to pay back increasing amounts of debt. China is the worst of all, with $5 to $6.6 trillion dollars of bad debt and $30 trillion overall debt, up from $9 trillion just 7 … Continue reading

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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

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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

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