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Mainstream Economists Struggling to Hide the Incoming Economic Collapse
Mainstream Economists Struggling to Hide the Incoming Economic Collapse Photo by Annie Spratt For many years now there has been a contingent of alternative economists working diligently within the liberty movement to combat disinformation being spread by the mainstream media regarding America’s true economic condition. Our efforts have focused primarily on the continued devaluation of the […]
Is it possible that the world is approaching end times?
Is it possible that the world is approaching end times? I frequently write that the world economy is, in physics terms, a dissipative structure that is powered by energy. It can grow for a time, but eventually it reaches limits of many kinds. Ultimately, it can be expected to stop growing and collapse. It seems […]
Mayhem Beneath the Surface of the Stock Market
Mayhem Beneath the Surface of the Stock Market But on the surface, stocks still look hunky-dory. It’s amazing how individual stocks, at the tippy-top of the biggest stock market bubble in modern times, are getting taken out the back one by one to be crushed, but without denting the overall indices all that much. The […]
Running Out of Spare Capacity
Running Out of Spare Capacity Global oil markets could not have looked grimmer than back in the summer of 2020. COVID cases were increasing again and further global economic lockdowns were being threatened. Only two months before, oil prices had crashed into negative territory for the first time in history as global inventories had surged […]
Eurozone Inflation at a Record High
Eurozone Inflation at a Record High Inflation in the doomed Eurozone increased 4.9% in November, marking the highest level of inflation since the creation of the euro. The larger economies within the bloc experienced a significant rise in inflation, with Germany posting a 6% increase and France experiencing a 3.4% rise. Other nations saw extreme […]
Davos is Making the Central Bank Case for Gold
Davos is Making the Central Bank Case for Gold A few months ago I talked about the upcoming changes to the way adoption of Basel III’s new bank reserve rules would alter the gold market. In short my conclusion was similar to that of Alistair MacLeod’s and others, that Basel III should collapse the egregious manipulation of […]
The Fed Will Break the Economy
The Fed Will Break the Economy Last week, the Fed was handed an unexpected gift as first-time jobless claims fell to the lowest level since 1969, which gives the Federal Reserve the green light to continue tapering its $120 billion monthly purchases of U.S. Treasury and mortgage-backed securities. Given the Fed’s dual mandate of maximum employment and stable […]
Of grain and gulags: a note on work, labour and self-ownership
Of grain and gulags: a note on work, labour and self-ownership I’ll begin with a brief account of how our modern global grain trading system was invented in Chicago in the 19th century, which is maybe a bit of a jolt from the present focus of this blog cycle on the forms of property but hopefully […]
On Fossil Fuel Subsidies, the Facts Matter
On Fossil Fuel Subsidies, the Facts Matter The BC Green leader responds to the energy minister’s Tyee op-ed on provincial subsidies. LNG Canada’s marine terminal under construction. Photo via LNG Canada. In his Tyee op-ed on Monday titled “Let’s Talk Fossil Fuel Subsidies in BC,” Bruce Ralston, the provincial minister for energy, mines and low-carbon innovation, […]
Joseph Tainter on the Dynamics of the Collapse of Civilization
Joseph Tainter on the Dynamics of the Collapse of Civilization
#216. It’s now
#216. It’s now TIMING THE MOMENT OF FRACTURE When and how can we know that a change of direction is fundamental and lasting, rather than a temporary departure from established trends? That, in essence, is the call we need to make now. Far from being “transitory”, current conditions – including rising inflation, surging energy prices and […]
Singapore Power Prices Spike 1,290% As Energy Crisis Emerges
Singapore Power Prices Spike 1,290% As Energy Crisis Emerges The global energy crisis continues to worsen with its latest victim Singapore. Power prices in the Southeast Asian country saw a dramatic surge in wholesale power prices. According to Bloomberg, provisional Uniform Singapore Energy Price jumped S$4,499 ($3,293) per megawatt-hour, the highest on record or about a […]
Zog Energy becomes 25th UK supplier to go bust in three months
Zog Energy becomes 25th UK supplier to go bust in three months Company, which supplied gas to about 11,700 households, is another victim of record market prices Zog Energy was founded in 2012 with a plan to offer households simple, affordable gas tariffs. Photograph: Niklas Halle’n/AFP/Getty Images Another of the UK’s small energy companies has […]
Our $29 Trillion Deficit, Interest Rates, Inflation, And Debt
Our $29 Trillion Deficit, Interest Rates, Inflation, And Debt The emergence and acceptance of Modern Monetary Theory has turned our economic system upside down. Skeptics of its substance and sustainability have been brushed aside temporarily but expect the MMT experiment to collapse and end in ruin. To us that believe in old school economics, […]
