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Recent Posts
- The Green New Deal is not a solution for the real problem: Overshoot
- A transition from fossil fuels to renewables could take a century – if it ever happens
- Electrifying freight trains in the U.S. is a bad idea
- Why Nuclear Power can’t replace fossil fuels
- Energy, Water, & Climate Change are interdependent
- Why fusion power is Forever Away
- Climate Change dominates news coverage at expense of other existential planetary boundaries
- Excerpt from “The Geopolitics of Resource Wars”
- Homes & Buildings
- Book Review “The Outlawed Ocean” by Ian Urbina
- Underestimating the Challenges of Avoiding a Ghastly Future
- Motherboards: too complicated to make after oil
- “More and More and More” one of the best books on energy ever written
- The staggering destruction of knowledge by Christians in the Roman Empire
- Why the R/P Reserves to Production ratio does not show when oil will run out
Category Archives: Society
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 Crash Coming Soon, Debt, Money, No Reforms, Ponzi Schemes
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How Money is Created: 3 articles
Also see: Money as Debt (45 minute video) Can Banks Create Money out of Nothing? – Richard Werner Money Creation in the Modern Economy –Bank of England David Graeber. March 18, 2014. The Truth Is Out: Money Is Just An IOU, … Continue reading
Will the government seize your IRA after the next financial crash?
Federal government may seize part of your IRA passportira.com [I don’t think this is likely, but then again, when you look at the influence of money on politics, the corruption across all financial sectors, the largest bubble in human history … Continue reading
Posted in Sovereign Default
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Are Brokerage Accounts Safe?
James Stewart. December 9, 2011 A Risk Once Unthinkable. New York Times. Are customer accounts at brokerage firms safe? SIPC will replace up to $500,000 of securities and cash (but not futures contracts) missing from customer accounts at member firms. … Continue reading
Posted in FDIC & SIPC Insolvent
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The case for Gold
Gold, Infinite Debt, and the Problem of Capital Storage: Has The Hotelling Moment Arrived? March 9, 2011 Gregor Macdonald One of the reasons that gold retains its competitiveness as a capital-storage unit is the rather slow and plodding rate at … Continue reading
Posted in Gold & Silver
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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
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Banks still gambling on illegal Collateralized Loan Obligations (CLO)
Banks Cling to Bundles Holding Risk APRIL 19, 2014 GRETCHEN MORGENSON New York Times Some $431 billion worth of C.L.O.s currently exist. The Volcker Rule doesn’t go into effect until 2015, but that hasn’t stopped big bankers and their supporters … Continue reading
Posted in Banking
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Fannie & Freddie started the mortgage crisis
Reckless Endangerment. How outsized ambition, greed, and corruption led to Economic Armageddon 2011 by Gretchen Morgenson and Joshua Rosner This book makes the case that Fannie & Freddie started the mortgage crisis and then Wall Street got in on the … Continue reading
Posted in Mortgages
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The Murderer Next Door: Why the Mind Is Designed to Kill
THE MURDERER NEXT DOOR: Why the Mind Is Designed to Kill, David M Buss http://www.amazon.com/Murderer-Next-Door-Mind-Designed/dp/0143037056 [pp. 36-44] THE COMPETITIVE LEGACY OF OUR ANCESTORS Every breath we take we owe to our ancestors-an unimaginably long and unbroken line of forebears who managed to … Continue reading
Posted in Violence
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Gordon Long Extend & Pretend
Gordon Long has interesting ideas about what’s going on and how to invest accordingly. I don’t agree with all that he writes, but what he has to say sure is interesting and a good overview of the incredibly widespread corruption … Continue reading
Posted in Corruption & Finance, Crash Coming Soon
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