Author Archives: energyskeptic

Bill Black on why there aren’t any prosecutions for financial fraud

2011 Will Bring More De facto Decriminalization of Elite Financial Fraud Dec 28, 2010   Bill Black The role of the criminal justice system with regard to financial fraud by elite bankers in 2011 is likely to reprise its role last … Continue reading

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Inflation: defining and identifying it

Ilargy 2011 automatic earth The fact that there’s all that zombie money around (or zombie credit, to be precise) leads many to believe the US witnesses inflation. Not true. Inflation is not the same as rising prices. Prices can rise … Continue reading

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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

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Predictions on how a crash will unfold

You can read Martin Weiss’ prediction here. Keep in mind that although these predictions were made years ago, and it seems as if some of them were wrong, all that’s happened is that the trillions of dollars given to banks … Continue reading

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Martin Weiss on how a crash unfolds and how to protect yourself

A massive default on debt servicing and obligations by states and localities will trigger a run on the banks. The credit inflation that has been growing over the last two decades will reverse in a nano-second and leave people who … Continue reading

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Electric Grid Energy Storage

Storing electricity Electricity can’t be stored. It has to be converted to something else.   Nearly all of the electric grid storage (95%) comes from pumping water up to a reservoir so the water can fall again and generate electricity. But … Continue reading

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Technology Won’t Save Us

Too many science fiction books, movies, comic books, Landing on the Moon, the Manhattan Project, and Happy Endings have  created an unspoken certainty that a hero will arrive before aliens can destroy the Earth and that alternative energy will allow … Continue reading

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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

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Tom Whipple on how the energy crisis might unfold

The Peak Oil Crisis: An Announcement June 1, 2011. FNPC.com There are far too many people in nearly every country of the world that are dependent on a very complex supply chain to bring them the necessities of modern life … Continue reading

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Oil Crunch 2015: UK Industry Task force on Peak Oil & Energy Security (ITPOES)

Ahmed, N.  28 Mar 2014. Ex govt adviser: “global market shock” from “oil crash” could hit in 2015. The Guardian. Former oil geologist Dr. Jeremy Leggett, identified 5 “global systemic risks (oil depletion, carbon emissions, carbon assets, shale gas, and … Continue reading

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