Category Archives: Economic Instability

Capitalism is a credit/debit system of borrowing money and pay it all back, plus interest. As energy declines, people will realize that loans can’t be paid back, that the principal is at risk. Stock markets worldwide will crash once Peak Oil (everything) is acknowledged, and social chaos won’t be long after that. On a separate but related track, the corruption and greed of the financial system is on course for crashing it all irregardless of energy.

Ted Trainer: The radical implications of a zero growth economy

Posted on January 20, 2026 by

Projections of business as usual from Meadow’s et al “Limits to Growth” Preface. Clearly infinite growth on a finite planet is impossible. Returning the world to ecological health requires humans to live within ecological boundaries in a steady state economy. … Continue reading →

Posted in Debt, Economic Decline, Investing advice, Other Experts | Tagged , , , , | 2 Comments

Egads! An unfair distribution of wealth is good for the climate

Posted on July 16, 2025 by

Preface. Good grief!!! I never thought I would write a post with that title. I am pro Democracy, pro fair distribution of wealth!  As you can see at posts here. But it has occurred to me that if if everyone … Continue reading →

Posted in Distribution of Wealth, Overshoot, Poverty, Social Disorder | Tagged , , | 5 Comments

Kurt Andersen: “Evil Geniuses” & wealth

Posted on March 11, 2021 by

Preface.  This is a well-written book with original insights into the economic, cultural, and politics behind how we got to a right-wing wannabe fascist incredibly unfair distribution of wealth.  But Andersen is unaware that energy, not money, is the basis … Continue reading →

Posted in Distribution of Wealth, Poverty | Tagged , | 2 Comments

Book review of “White Trash. The 400-year untold history of class in America”

Posted on September 27, 2018 by

Preface.  This book makes the case that the poor arrived 500 years ago when America was first settled, and most of them never rose to the middle or upper classes because “land was the principal source of wealth, and those … Continue reading →

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Ugo Bardi on money, gold, and silver

Posted on May 18, 2017 by

What follows is from a really great book: Bardi, Ugo. 2014. Extracted: How the Quest for Mineral Wealth Is Plundering the Planet. Chelsea Green Publishing. Alice Friedemann   www.energyskeptic.com  author of “When Trucks Stop Running: Energy and the Future of Transportation”, … Continue reading →

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Detecting Food Stamp Fraud

Posted on April 8, 2017 by

[ The number of Americans on food stamps has been trending up for years, in August 2012 it was 15% of Americans, 47,102,780 people. The Supplemental Nutrition Assistance Program (SNAP), has quadrupled in cost since 2001, and doubled in cost … Continue reading →

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Why is Detroit falling apart so fast?

Posted on February 6, 2017 by

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

Posted on January 18, 2017 by

[ 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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Corruption and economic instability in the news

Posted on November 12, 2016 by

[ I can’t keep up with the flood of news about corruption, fraud and economic instability, which is just a symptom of the real problem: the end of growth. In a credit/debit system, lenders won’t lend if they think the … Continue reading →

Posted in ! About Corruption, Economic Decline, Other Experts | Tagged , , , , | 2 Comments

Millions of Americans have tropical diseases they’re unaware of

Posted on November 11, 2016 by

MacKenzie, D. December 14, 2013. America’s hidden epidemic. NewScientist. Increasing climate change and poverty are likely to increase the numbers of people with these diseases. An estimated 330,000 US citizens, and possibly as many as a million, carry the parasite … Continue reading →

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