The Rising Chorus of Renewable Energy Skeptics
The Rising Chorus of Renewable Energy Skeptics The green techno-dream is so vastly destructive, they say, ‘we have to come up with a different plan.’ Cobalt mining in Congo, says journalist Siddharth Kara, ‘drags humanity back to a time when the people of Africa were valued only their replacement cost.’ Photo via Harvard Kennedy School. “Sometime during […]
The Fed Cannot Fix Today’s Energy Inflation Problem
The Fed Cannot Fix Today’s Energy Inflation Problem There is a reason for raising interest rates to try to fight inflation. This approach tends to squeeze out the most marginal players in the economy. Such businesses and governments tend to collapse, as interest rates rise, leaving less “demand” for oil and other energy products. The […]
Franklin D. Roosevelt’s Gold Heist
Franklin D. Roosevelt’s Gold Heist Yesterday (April 5) marked the anniversary 0f the signing of Executive Order 6102 by President Franklin D. Roosevelt. It was touted as a measure to stop gold hoarding, but it was in reality, an attempt to remove gold from public hands. Many people refer to EO-6102 as a gold confiscation […]
“The Last War We Can Afford To Fight”: Tucker Carlson Sounds Alarm Over De-Dollarization, Slams Biden Admin For Pissing Off World
“The Last War We Can Afford To Fight”: Tucker Carlson Sounds Alarm Over De-Dollarization, Slams Biden Admin For Pissing Off World As we’ve noted several times of late, a growing number of countries are threatening the US dollar’s status as the global reserve currency by conducting global trade without it – you know, the thing Saddam and Gaddafi threatened to do […]
Community, Belonging and the Polycrisis
Community, Belonging and the Polycrisis Image: Ad Parnassum, by Paul Klee Wherever I go and ask people what is missing from their lives, the most common answer (if they are not impoverished or seriously ill) is “community.” — Charles Eisenstein ChatGPT, the A.I. robot, often gets things badly wrong It even makes wildly false statements […]
BRICS Nations Developing “New Currency” as Quest for Global De-Dollarization Accelerates
BRICS Nations Developing “New Currency” as Quest for Global De-Dollarization Accelerates China and Brazil recently finalized a trade deal in their own currencies completely bypassing the dollar, but that’s not the only bad news for the world’s reserve currency. Last week, a Russian official announced that the BRICS nations are working to develop a “new currency,” […]
De-dollarization Has Begun.
De-dollarization Has Begun. Last week, China and Brazil reached an agreement to settle trades in one anothers’ currencies. Over the past 15 years, China has replaced the United States as the main trading partner of resource-rich Brazil, and as such that shift may have been inevitable. But within the context of recent circumstances, this appears to […]
Global Bankruptcy Already Baked In
Global Bankruptcy Already Baked In Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing. It’s really that simple. In eras of easy credit, both creditworthy and marginal borrowers are suddenly able to borrow more. This flood of new cash seeking a return […]
Fake News Curated by the Deep State: Government Spin Doctors Control the News Cycle
Fake News Curated by the Deep State: Government Spin Doctors Control the News Cycle “We Americans are the ultimate innocents. We are forever desperate to believe that this time the government is telling us the truth.”—Former New York Times reporter Sydney Schanberg Let’s talk about fake news stories, shall we? There’s the garden variety fake news that is […]
Wheat Spread Hits Record As Drought Plagues Midwest
Wheat Spread Hits Record As Drought Plagues Midwest The spread between hard-red winter wheat and soft-red winter wheat has blown out to a record high as drought threatens crop yields across the Midwest and other major farming regions. Hard-red winter wheat’s premium over soft-red winter wheat is $1.72 a bushel in Chicago on Tuesday morning, […]
“Don’t Talk About Nord Stream”: WaPo Report Further Demolishes Official Narrative
“Don’t Talk About Nord Stream”: WaPo Report Further Demolishes Official Narrative German investigators are now expressing severe doubts about the official Nord Stream sabotage narrative that was pushed hard in the aftermath the bombshell Seymour Hersh report which pointed the finger at a joint CIA-US Navy covert operation, with help from Norway. Last month, Hersh published an article on Substack that said […]
No, Nuclear Energy Won’t Save Us
No, Nuclear Energy Won’t Save Us Soon to be mementos of a lost age. Photo by Lukáš Lehotský on Unsplash Ever since the first commercial reactors have started to produce electricity for the grid in the 1950’s (um, about 70 years ago now…) we keep hearing how nuclear is the clean, green power of the future. No emissions, […]
The schizophrenic understanding of money in economics
The schizophrenic understanding of money in economics One of the great ironies of economics is that, while the public regards economists as experts on money, the issue of how money is created is still not settled within economics. In 2014, the Bank of England published a landmark paper explicitly rejecting the textbook model of money […]
