“Worst Since Lehman”: Banks Break The World Again
“Worst Since Lehman”: Banks Break The World Again Last week we detailed BofA’s Michael Hartnett’s warning that “The Fed will tighten until something breaks”. Well, something just broke… SVB’s collapse – the second biggest US bank failure in history – dominated any reaction to this morning’s mixed bag from the BLS (hotter than expected earnings growth, rising unemployment (especially […]
The Weakening Electric Grid: Less Reliable, More Fragile
The Weakening Electric Grid: Less Reliable, More Fragile California Independent System Operator announced a statewide electricity Flex Alert urging conservation to avoid blackouts in El Segundo, Calif., on Aug. 31, 2022. (Photo by Patrick T. Fallon/AFP via Getty Images) As more and more irritated customers become certain that power shortages and blackouts have become more […]
What If There Are No Solutions?
What If There Are No Solutions? The unencumbered realist concludes that there are no solutions within a status quo structure that is itself the problem. Realists who question received wisdom and conclude the status quo is untenable are quickly labeled pessimists because the zeitgeist expects a solution is always at hand–preferably a technocratic one that requires zero […]
Pakistan’s Dystopian Warning to the World
Pakistan’s Dystopian Warning to the World Supporters of former Prime Minister Imran Khan at a rally in Rawalpindi in November. Photographer: Asad Zaidi/Bloomberg Pakistan has touted itself as one of the world’s cradles of civilization, flourishing for thousands of years along ancient trade routes passing through the fertile Indus Valley. Now it presents a dystopian […]
Central Bank Digital Currency Prison – Catherine Austin Fitts
Central Bank Digital Currency Prison – Catherine Austin Fitts Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), says the Central Bank Digital Currency (CBDC) is much easier said than done. There is a monster fight behind the scenes between commercial banks and central […]
The End of the Oil Age Gets Postponed Again. Really?
The End of the Oil Age Gets Postponed Again. Really? Photo by Diyar Al Maamouri on Unsplash It looks like we have to wait a little more to see the end of the oil age. Our desire to burn more and more stuff knows no limits — at least not when talking about the foreseeable future. Statements like “oil will […]
Animals Dying Across Ohio State Parks After East Palestine Train Derailment
Animals Dying Across Ohio State Parks After East Palestine Train Derailment After a catastrophic train derailment in East Palestine, Ohio, early last month, President Biden, Transportation Secretary Pete Buttigieg, corporate media outlets, Ohio Governor Mike DeWine, Environmental Protection Agency, and some local officials have ensured air monitoring and water sample tests show everything is under control. […]
The Top 3 Reasons the US Has Entered the Inflation Death Spiral
The Top 3 Reasons the US Has Entered the Inflation Death Spiral Rapidly rising food, housing, medical, and tuition prices are squeezing Americans, and many do not understand the real cause of their falling living standards. That confusion opens the door for opportunistic politicians who promise supposed freebies to ease the pain of inflation. Many, […]
Chris Hedges: The Trump-Russia Saga and the Death Spiral of American Journalism
Chris Hedges: The Trump-Russia Saga and the Death Spiral of American Journalism The media caters to a particular demographic, telling that demographic what it already believes — even when it is unverified or false. This pandering defines the coverage of the Trump-Russia saga. De-Pressed – Mr. Fish Reporters make mistakes. It is the nature of […]
Fed Fears Complete Economic Collapse – Peter Schiff
Fed Fears Complete Economic Collapse – Peter Schiff Money manager and economist Peter Schiff said in October the Federal Reserve “could NOT win the fight on inflation by raising interest rates.” As inflation just turned up anew, it looks like he was right—again. Schiff explains, “Based on the recent data we got . . . […]
America’s Largest Power Grid Faces Worsening Reliability Risks
America’s Largest Power Grid Faces Worsening Reliability Risks A new report reveals the US’ largest power grid is shuttering power generation units faster than new supply can be brought online, threatening electric reliability in 13 states that stretch from Illinois to New Jersey with over 65 million customers. PJM Interconnection published a new study Friday that examines […]
#246: The Surplus Energy Economy, part 1
#246: The Surplus Energy Economy, part 1 FROM FIRST PRINCIPLES Introduction We have reached a turning-point at which economics and the economy have parted company. Orthodox economics continues to promise growth in perpetuity, but the economy itself is going in the opposite direction. The explanation for this is simple. Conventional economics assumes that the economy is […]
Indigenous knowledge is key to sustainable food systems
Indigenous knowledge is key to sustainable food systems Agricultural sciences have for too long ignored traditional and local knowledge about crop plants and how best to grow them. That must change if the world is to ensure future food security. Farmer Angelina Monday works on her plot of land in Uganda, where she grows beans […]
Europe Turned an Energy Crisis Into a Green Energy Sprint
Europe Turned an Energy Crisis Into a Green Energy Sprint Credit…Ibrahim Rayintakath This was supposed to be a winter of energy crisis in Europe. Beginning last spring, not long after the Russian invasion of Ukraine, the fear of gas shortages spread across the continent, along with fears of what might follow. The coming winter crunch […]
