Coast-To-Coast Winter Storm Sends US NatGas Surging
Coast-To-Coast Winter Storm Sends US NatGas Surging In what’s forecasted to be the first coast-to-coast major winter storm of the season across the Lower 48, traders have furiously panic bid US natural gas futures due to the prospects of increased heating demand. On Sunday, wintery precipitation, powerful winds, and heavy rains battered Intermountain West as a powerful […]
What “longtermism” gets wrong about climate change
What “longtermism” gets wrong about climate change Corn affected by 2013 drought in Texas. Global warming is making summer droughts in Texas longer and more severe. USDA photo by Bob Nichols In his new book What We Owe the Future, William MacAskill outlines the case for what he calls “longtermism.” That’s not just another word for […]
How Things Fall Apart
How Things Fall Apart That’s how things fall apart: insiders know but keep their mouths shut, outsiders are clueless, and the decay that started slowly gathers momentum as the last of the experienced and competent workforce burns out, quits or retires. Outsiders are shocked when things fall apart. Insiders are amazed the duct-tape held this […]
EU’s Oil Price Cap Creates a Price Cap… on Stupidity
EU’s Oil Price Cap Creates a Price Cap… on Stupidity MOSCOW, RUSSIA DECEMBER 1, 2021: Russia’s Foreign Ministry Spokesperson Maria Zakharova gives a weekly press briefing. Russian Foreign Ministry/TASS The EU and the US went forward with their long-debated, long-telegraphed move to put a price cap on Russian oil at $60 per barrel. By […]
Americans Dumbed Down on Russia
Americans Dumbed Down on Russia Five years ago today, Congress learned from sworn, horse’s-mouth testimony that there is no technical evidence that Russia (or anyone else) hacked the DNC emails showing how the DNC had stacked the deck against Bernie Sanders, Hillary Clinton’s rival for the Democratic nomination. I can almost hear readers new to this website […]
Noam Chomsky: “We’re on the Road to a Form of Neofascism”
Noam Chomsky: “We’re on the Road to a Form of Neofascism” The ground is well prepared for neofascism to fill the void left by class war wrought by neoliberalism, says Chomsky. Trump supporters near the U.S. Capitol on January 6, 2021, in Washington, D.C.SHAY HORSE / NURPHOTO VIA GETTY IMAGES Neoliberalism has reigned supreme as […]
Climate Change Lockdowns? Yup, They Are Actually Going There…
Climate Change Lockdowns? Yup, They Are Actually Going There… I suppose that we should have known that this was inevitable. After establishing a precedent during the pandemic, now the elite apparently intend to impose lockdowns for other reasons as well. What I have detailed in this article is extremely alarming, and I hope that you […]
BIS warns of $80 trillion of hidden FX swap debt
BIS warns of $80 trillion of hidden FX swap debt LONDON — The Bank for International Settlements (BIS) has warned that pension funds and other ‘non-bank’ financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps. Dubbed the central bank to the world’s central banks, […]
The US is a rogue state leading the world towards ecological collapse
The US is a rogue state leading the world towards ecological collapse It’s not just indifference. It’s an active, and deadly, cavalier attitude towards the lives of others: an example other nations follow Illustration: Eleanor Shakespeare There are two extraordinary facts about the convention on biological diversity, whose members are meeting in Montreal now to discuss the […]
BlackRock: Prepare For Recession “Unlike Any Other”… And What Worked Before “Won’t Work Now”
BlackRock: Prepare For Recession “Unlike Any Other”… And What Worked Before “Won’t Work Now” The world’s largest investment manager has gone all in – and says a global recession is right around the corner. What’s more, the financial tricks deployed by Central Banks in the past ‘won’t work this time.’ According to BlackRock, the global […]
Long-Delayed Cold Weather To Blanket Much Of US
Long-Delayed Cold Weather To Blanket Much Of US An update to the Climate Prediction Center’s official 8-14 day outlook for pre-Christmas forecasts more than two-thirds of the Lower 48 will be colder than average, with near-normal temperatures for the Mid-Atlantic and above-average temperatures for the Northeast. NOAA’s temperature outlook forecasts the West, Southwest, and Midwest, as well […]
Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments
Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments A staggering number of Nigerians love Bitcoin, but hate government cryptocurrency (CBDCs). In April, leading cryptocurrency exchange KuCoin noted that 35% of the adult population in Nigeria – roughly 34 million adults aged 18-60, own bitcoin or other cryptocurrencies. But when it came to the country’s Central Bank Digital Currency […]
The macroeconomics of bank-created money and a Modern Debt Jubilee as a way out of the private debt trap
The macroeconomics of bank-created money and a Modern Debt Jubilee as a way out of the private debt trap My friend Dr. Sabri Oncu has established an innovative seminar program at Kadir Has University in Turkey. Called the “Kadir Has Lectures on Global Political Economy”, it has had lectures from a number of non-mainstream economists, […]
Arctic Ocean overheating
Arctic Ocean overheating Arctic sea ice extent was 10.31 million km² on December 4, 2022. At this time of year, extent was smaller only in two years, i.e. in 2016 and 2020, both strong El Niño years. With the next El Niño, Arctic sea ice extent looks set to reach record lows. The NOAA image on the […]
