Category Archives: 2) Overshoot

The polycrisis/overshoot, collapse of the financial system, breakdown of supply chains, blackouts, end of being able to make computer chips, and so on are symptoms of the underlying cause: peak energy and peak everything, especially peak diesel since trucks, rail, and ships make this one-time only fossil fueled civilization possible. Wind, solar, nuclear, and so on also need fossil fuels for every single step of their life cycle, so that is a dead end. It is back to before the 15th century — wood world. Whether the house of cards collapses from chokepoints in the middle east such as the Suez canal, the financial shock of a natural disaster or from debt and corruption, Export Land Model, or nuclear war — there is certain to be a series of dislocations that ultimately bring population down to 400 million (population before fossil fuels) or less (due to overshoot factors such as top soil erosion, pollution, etc) Let’s hope there are some islands of sanity and that you are living on one of them!

Republicans have righteous minds? Really? Book review of the “Righteous Mind”

Preface. Although I liked this book, I found other books on far better and more profound. Garcia and Shermer deal with humanity as a species (Tomasello too, but he is hard to read and repetitious, find a book review), and … Continue reading

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Credit Rating Agencies gave bad debt AAA ratings

How banks gamed the rating system from biz.yahoo.com April 2008 Triple-A Failure Nothing sent the [credit ratings] agencies into high gear as much as the development of structured finance. As Wall Street bankers designed ever more securitized products — using … Continue reading

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Bernie Madoff

The Day the Earth Went Broke. 2008. Byron King   whiskeyandgunpowder.com What if you woke up one day and there was a flying saucer sitting in the middle of Central Park? It would change your view of the world, if not … Continue reading

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New York Times : 401K, mutual fund, brokerage fees have cost you tens of thousands of dollars

Give Fees an Inch, and They’ll Take a Mile March 1, 2014. Jeff Sommer. New York Times. [I’ve shortened and paraphrased much of the article, go to the link above to see the full article. My comments are in brackets] … Continue reading

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New York Times: Global Bond Frenzy Raises Concerns

Global Bond Frenzy Raises Concerns Feb 19, 2014. Landon Thomas. New York Times Global bond investors have financed some of the most enormous projects ever taken on by emerging economies the past few years. Now growth is faltering in many … 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

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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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Civil Asset Forfeiture: across the nation authorities confiscate cash & homes of innocent people

Source: Ironside AM (2016) New report finds civil asset forfeiture most heavily burdens minorities and low-income communities. Civil Rights Law & Policy Blog. Preface. Basically if you’re poor, your cash, car, home, and other property can be confiscated for no … Continue reading

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The repo market was a key reason the meltdown happened

NY Fed’s Dudley Warns that “Firesales” Could Trigger Another Financial Crisis.  Still Broken Five Years Later by Mike Whitney. Feb 21-23, 2014. Counterpunch. “The repo market wasn’t just a part of the meltdown. It was the meltdown.”  – David Weidner, … Continue reading

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Science: A Drier Future. Global Warming is likely to lead to overall drying of land surfaces.

A Drier Future. Global Warming is likely to lead to overall drying of land surfaces. Sherwood, S & Fu, Q. Science. 14 Feb 2014. Vol 343. pp 737-739 Global temperature increases affect the water cycle over land, but the nature … Continue reading

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