Category Archives: Society

Bonuses and salaries way too high at Banks, Wall Street, Corporations

Posted on March 28, 2014 by

The “Paid-What-You’re-Worth” Myth March 13, 2014. Robert Reich. New York Times and robertreich.org It’s often assumed that people are paid what they’re worth. According to this logic, minimum wage workers aren’t worth more than the $7.25 an hour they now … Continue reading →

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FDIC Sues 16 Banks for Fraud by Manipulating Global Interest Rate

Posted on March 28, 2014 by

FDIC sues 16 Banks for rigging the Libor Rate March 2014. New York Times. The Federal Deposit Insurance Corporation (FDIC) sued 16 banks for fraud because they conspired to set a crucial global interest rate low to enrich themselves.   … Continue reading →

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Oil and Gas Infrastructure are Rusting Apart

Posted on March 27, 2014 by

Oil And Gas “Rust”: An Evil Worse Than Depletion Offshore Technology Conference May 5, 2008 Houston, Texas by Matthew R. Simmons Chairman Simmons & Company International Some of the slides are: If Infrastructure Not Rebuilt It Creates A Double Whammy … Continue reading →

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Rot in the Banking culture

Posted on March 23, 2014 by

Questions are asked of Rot in Banking Culture Peter Eavis. March 13, 2014. New York Times. Money laundering, market rigging, tax dodging, selling faulty financial products, trampling homeowner rights and rampant risk-taking — these are some of the sins that … Continue reading →

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Money – what is it?

Posted on March 21, 2014 by

The following are good articles to read about what money really is The supply of money in an energy-scarce world  2011. Richard Douthwaite. Summary of this article: Money has no value unless it can be exchanged for goods and services … Continue reading →

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William Rees: Culture and behavior: The human nature of unsustainability

Posted on March 21, 2014 by

Read the full report:»  Download the PDF (1 MB) William Rees.  (2011) The Unsustainability Conundrum. Post Carbon Institute In 1992 the Union of Concerned Scientists (UCS) issued the following gloomy assessment of the prospects for civilization: We the undersigned, senior … Continue reading →

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Society is fragile and vulnerable compared to 1930s, more prone to collapse

Posted on March 19, 2014 by

Oct 27, 2008. James Wesley, Rawles. The Depression of the 1930s–Why No Societal Collapse? survivalblog.com There are some substantial differences between our society in the early 21st Century, and America in the 1930s. With these differences, our society is now much … Continue reading →

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Money versus Credit or Hyperinflation versus Hyperexpansion

Posted on March 19, 2014 by

I’ve put in several articles by Nicole Foss here on these topics. Resurgence of Risk – A Primer on the Develop(ed) Credit Crunch The Inverted Pyramid – Money versus Credit (or Hyperinflation versus Hyperexpansion) Money and credit are not the … Continue reading →

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Cost of the bailout of the Banksters and Wall Street

Posted on March 19, 2014 by

Jim Bianco of Bianco Research crunched the inflation adjusted numbers. The bailout has cost more than all of these big budget government expenditures –- combined: • Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion • Louisiana Purchase : … Continue reading →

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Dailyreckoning

Posted on March 19, 2014 by

Preface. Bonner & Wiggins at the dailyreckoning called the 2008 housing crash in 2002 and the 2000 dot.com crash in 1999. They’ve got a lot right, a lot wrong, and are always entertaining to read. A few random excerpts are … Continue reading →

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