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We Are Already in Overshoot
We Are Already in Overshoot
When The Global Monetary Reset Happens, Don’t You Dare Forget Who To Blame
When The Global Monetary Reset Happens, Don’t You Dare Forget Who To Blame Submitted by QTR’s Fringe Finance “What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world. You don’t know what it is, but it’s there, like a splinter in your mind, […]
The Divestment Movement’s Big Month
The Divestment Movement’s Big Month Investors, foundations, universities and governments pulled their assets from fossil fuel companies in record numbers in October. The decades-long push to get large investment funds to pull their money from destructive oil, gas and coal has made several major leaps forward in the past month. One of the biggest occurred […]
In Response To Soaring Gas Prices, Biden Orders FTC To “Immediately” Probe “Illegal Conduct” By Oil & Gas Companies
In Response To Soaring Gas Prices, Biden Orders FTC To “Immediately” Probe “Illegal Conduct” By Oil & Gas Companies Commenting on perhaps the most absurd moment of the Xi-Biden virtual summit, which as we learned last last night, was the US president begging China to release oil from its strategic petroleum reserve (ostensibly because due to opposition […]
EU Gas Prices Soar On NS2 Delays, Sudden Belarus Pipeline Closure
EU Gas Prices Soar On NS2 Delays, Sudden Belarus Pipeline Closure European natural gas prices continue to soar after Nord Stream 2 pipeline delays were seen earlier this week, and now a major crude pipeline from Russia into Europe has temporarily halted flows due to “unscheduled repairs.” The newest market generated information pushing up European natgas prices […]
How Durable Is The Potemkin Economy?
How Durable Is The Potemkin Economy? “Increased borrowing must be matched by increased ability to repay. Otherwise, we aren’t expanding the economy – we’re merely puffing it up.” – Henry Alexander of Morgan Guaranty Trust The original Potemkin Village dates to the late 1700s. At that time, Russian Governor Grigory Aleksandrovich Potemkin constructed facades to hide […]
Inflationary pressure in the US
We are seeing more news about rising inflation, but in reality the US data isn’t as bad as the news coverage would lead us to believe. The following table shows the data of seasonally adjusted price changes by month published by the US Bureau of Labor Statistics. Food prices are continuing to rise at about […]
Another extraordinary delusion: Mining helium from the Moon
Another extraordinary delusion: Mining helium from the Moon Asia Times tells us that there is a “secret mining war” taking place in space over helium-3, a version of helium which is surprisingly abundant on the Moon. Helium-3 is an isotope of helium with two protons and one neutron. The far more prevalent arrangement is helium-4, two […]
Perversity: Thy Name is Dollar
Perversity: Thy Name is Dollar If you ask most people, “what is money?” they will answer that money is the generally accepted medium of exchange. If you ask Google Images, it will show you many pictures of green pieces of paper. Virtually everyone agrees that money means the dollar. Image credit: Cildo Meireles Breaking Down the Dollar Monetary […]
California Gas Prices Reach New Record High
Gas prices nearing $5.00 a gallon are displayed at Chevron and Shell stations in San Francisco, Calif., on July 12, 2021. (Justin Sullivan/Getty Images) California Gas Prices Reach New Record High The average price of a regular gallon of gasoline in California reached a record high on Monday as sticker shock continues to anger drivers paying more […]
Coal Demand Booms Under Biden As Prices Hit 2009 Levels
Coal Demand Booms Under Biden As Prices Hit 2009 Levels US coal is experiencing a massive boom under President Biden despite the administration trying to kill fossil fuels by touting net-zero goals at the COP26 climate conference in Glasgow. On Monday, S&P Global Market Intelligence released data that showed prices for coal from Central Appalachia jumped more […]
Turkey On Verge Of Currency Collapse As Lira Implodes, Crashes 4% In Minutes
Turkey On Verge Of Currency Collapse As Lira Implodes, Crashes 4% In Minutes In recent weeks we have had our share of humorous hot takes on the current state of Turkey’s currency, which thanks to the “sage” economic despotism of the country’s authoritarian ruler has been in freefall for much of the past decade. folks, […]
Limitarians and Cornucopians: what Surprises from Technological Progress?
Limitarians and Cornucopians: what Surprises from Technological Progress? Resource depletion, ecosystem disruption, population growth, and technological change are interacting with each other in a tsunami of changes that always take us by surprise. The surprises that technological progress may be bringing are among the most unpredictable drivers of change. Yet, it is not impossible to […]
Third of UK’s remaining energy suppliers are at imminent risk of collapse
Third of UK’s remaining energy suppliers are at imminent risk of collapse About a third of the UK’s dwindling number of domestic energy suppliers are at imminent risk of collapse amid soaring wholesale energy prices, new analysis suggests. © Provided by The Telegraph Wind turbinesFourteen electricity and gas suppliers are deemed “maximum risk” under their credit […]
George Monbiot champions wealth taxes on ultra-rich as best way to prevent environmental collapse
George Monbiot champions wealth taxes on ultra-rich as best way to prevent environmental collapse Why do we tolerate the massive environmental impacts of the very rich? Most of our dysfunctions are caused by pandering to the rich. — George Monbiot “Why do we tolerate the massive environmental impacts of the very rich? Most of our dysfunctions […]
