Author Archives: energyskeptic

The Future of Humanity: a Lecture by Isaac Asimov

The Future of Humanity: a Lecture by Isaac Asimov Newark College of Engineering, November 8, 1974  http://www.asimovonline.com/oldsite/future_of_humanity.html [I’ve truncated most of this very long article] We wouldn’t be in the mess we’re in [if people weren’t stupid, illustrated with humorous … Continue reading →

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How can you buy a farm when you’re competing with private equity?

Looks like it will be hard to buy a farm unless you’re wealth.  But in the crisis phase you don’t want to own a large farm anyhow… Half of U.S. Farmland Being Eyed by Private Equity February 19th, 2014.  By … Continue reading →

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Mass Destruction from Derivatives HuffingtonPost

The Armageddon Looting Machine: The Looming Mass Destruction From Derivatives Sep 18, 2013. Ellen Brown. Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although … Continue reading →

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

Why cash is better than gold

Why people buy gold To protect against inflation That’s a good reason, but the next crash will be deflationary like the 2008 crash, when stocks, homes, oil, gold, and everything else plummeted in value. Trillions of dollars vanished overnight.  The … Continue reading →

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Book review of Murderers in Mausoleums. Riding the back roads of empire between Moscow and Beijing

Book review of Murderers in Mausoleums. Riding the back roads of empire between Moscow and Beijing. Jeffrey Tayler. 2009. This was a very timely book to read while the crisis is unfolding now in the Ukraine. One of the reasons … Continue reading →

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Bloomberg: Dream of U.S. Oil Independence Slams Against Shale Costs

Dream of U.S. Oil Independence Slams Against Shale Costs By Asjylyn Loder – Feb 26, 2014 The path toward U.S. energy independence, made possible by a boom in shale oil, will be much harder than it seems. Just a few of the roadblocks: Independent producers will spend … Continue reading →

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Wall Street Journal FDIC Faces Balancing Act in Replenishing Its Coffers

FDIC Faces Balancing Act in Replenishing Its Coffers August 21, 2008.  Wall Street Journal. As financial institutions continue to fail, the Federal Deposit Insurance Corp. is under pressure to decide how to replenish the fund that insures consumer deposits. The … Continue reading →

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Your Money is not Safe in an FDIC Insured Bank Account

Below are 3 articles about why the FDIC can’t actually protect your money at banks Ellen Brown. July 5, 2013 Think Your Money is Safe in an Insured Bank Account? Think Again. A trend to shift responsibility for bank losses … Continue reading →

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Deflation : The meltdown was far more like the crash of 1873 than the 1929 Great Depression

The Real Great Depression. The depression of 1929 is the wrong model for the current economic crisis. 10-17-2008. Scott Nelson.   The Chronicle of Higher Education. As a historian who works on the 19th century, I have been reading my newspaper … Continue reading →

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James Howard Kunstler 2007 Predictions: many came true

Kunstler (and many others) saw the immense corruption on Wall Street and the housing bubble years before it popped.  He is also one of the few who saw it would be deflationary and understands how the financial system and energy … Continue reading →

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