Category Archives: Debt

no way we can go on like now with 56 trillion dollars of overall debt

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

Posted in Debt | Tagged , | Leave a comment

Pensions face bankruptcy in the future

2016-4-10. US faces disastrous $3.4 trillion pension funding hole. Collective deficit of retirement plans is three times larger than official figures. Financial Times. The US public pension system has developed a $3.4 trillion funding hole that will pile pressure on … Continue reading

Posted in Debt, Pensions | Comments Off on Pensions face bankruptcy in the future

James Howard Kunstler posts

[ As I re-read Kunstler posts I will add more excerpts and/or links.  I encourage you to read these brilliant posts in their entirety at http://kunstler.com/clusterfuck-nation/ for their wonderful humor, language, and the full logical chain of discourse, which excerpts … Continue reading

Posted in Crash Coming Soon, Debt, Derivatives, Energy Markets, Foreclosures, Interest Rates, James Howard Kunstler | Tagged , , , , | Comments Off on James Howard Kunstler posts

Tilting at Windmills, Spain’s disastrous attempt to replace fossil fuels with Solar PV, Part 1

Book review by Alice Friedemann at energyskeptic of “Spain’s Photovoltaic Revolution. The Energy Return on Investment”, by Pedro Prieto and Charles A.S. Hall. 2013. Springer. This book is the best EROI study that has ever been done. It is based … Continue reading

Posted in Alternative Energy, Alternative Energy Resources, Charles A. S. Hall, Debt, Electric Grid, Energy, EROEI Energy Returned on Energy Invested, Pedro Prieto, Photovoltaic Solar, Solar, Solar EROI | Tagged , , , , , , , , | 26 Comments

Gail Tverberg The oil glut and low prices reflect an affordability problem

Tverberg, G. March 9, 2015. The oil glut and low prices reflect an affordability problem. ourfiniteworld.com For a long time, there has been a belief that the decline in oil supply will come by way of high oil prices. Demand … Continue reading

Posted in By People, Debt, Gail Tverberg, Inflation or Deflation | Comments Off on Gail Tverberg The oil glut and low prices reflect an affordability problem

Signs of Peakiness, oil companies are running out of cash

Andrew Nikiforuk, August 29, 2014. A big summer story you missed: Soaring oil debt. The Tyee.  Over 100 of the world’s largest energy companies are running out of cash. Photo of Keystone pipeline in Nebraska by Shannon Ramos. Creative Commons … Continue reading

Posted in Debt, Energy Markets, Peak Oil | 1 Comment

Student loan crisis widens gap between rich and the rest

Student loan crisis widens gap between rich and the rest. Bill Zimmerman.   February 21, 2014.  San Francisco Chronicle. Growing concern about wealth and income inequality overlooks a principal cause: the student loan crisis, which is much deeper than the $1.1 … Continue reading

Posted in Student Loans | Comments Off on Student loan crisis widens gap between rich and the rest

How you’re tricked into thinking there is an economic recovery

Ilargi 2011 theautomaticearth A real recovery would require a surge in real productivity, i.e. outside of the service industry. Where and how have we increased production since the crisis started? Obviously, nowhere. The vast majority of “jobs created” is in … Continue reading

Posted in Crash Coming Soon, Debt | Comments Off on How you’re tricked into thinking there is an economic recovery

Drowning in digits: National, Unfunded Liabilities, State, and Derivative Debt

Just about everyone I know believes in the permanence of the Dollar, the Eternal Supremacy of the United States, and the propaganda to constantly grow their money by taking risks. So they dutifully feed hard-earned wages into the voracious slot … Continue reading

Posted in Collateralized Debt Obligation, Crash Coming Soon, Debt, Money, No Reforms, Ponzi Schemes, Unfunded Liabilities | Comments Off on Drowning in digits: National, Unfunded Liabilities, State, and Derivative Debt

Why the USA can’t inflate its way out of debt.

Mar 11, 2010. Why the U.S. can’t inflate its way out of debt. Financial Times. It’s dawning on people that getting a handle on burgeoning U.S. debt will be a long and hard process. So if lawmakers can’t agree on … Continue reading

Posted in Debt | Comments Off on Why the USA can’t inflate its way out of debt.