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A red light on the dashboard
A red light on the dashboard On New Year’s Eve 2006-7, something unexpected happened. For most of the previous two decades, most of the pubs where I live had operated a system where they gave tickets to regular drinkers in order to limit the number of people seeking entry. This was a problem because one […]
Global Food Prices Hit Fresh Decade High In October
Global Food Prices Hit Fresh Decade High In October In October, global food prices continued climbing higher for the third straight month, hitting fresh decade highs, led by vegetable oils and cereals. Higher food costs contribute to more inflationary pressures for the working poor, central banks, and governments. The UN’s Food and Agriculture Organization’s food […]
Climate Change and the Limits of Economic Growth
Shutterstock CLIMATE CHANGE AND THE LIMITS OF ECONOMIC GROWTH If economic growth ushered in this era of climate change, how can economic growth also be part of the solution? Since the nineteenth century, human society has experienced extraordinary but uneven economic growth thanks to the energy unleashed from fossil fuels. That growth, and the greenhouse […]
The Mainstream Has the Inflation Story Backwards
The Mainstream Has the Inflation Story Backwards The mainstream blames inflation on “supply chain bottlenecks.” But they have it completely backward. In reality, Federal Reserve-created inflation is causing the supply chain mess. According to Biden administration talking points, the economy is booming. Americans are flush with cash. And they are demanding lots of goods. The […]
Oil Jumps As Investors Expect Cartel To Balk At Biden’s Demands To Boost Output: OPEC+ Preview
Oil Jumps As Investors Expect Cartel To Balk At Biden’s Demands To Boost Output: OPEC+ Preview OPEC+, which meets later Thursday via video conference, has shown little signs it plans to waver from its plan to raise oil production gradually, despite pressure from senile presidents and consuming nations to temper high prices. The OPEC+ alliance’s […]
Returning to a 1970s Economy Could Save Our Future
Returning to a 1970s Economy Could Save Our Future We’d contract energy use by half. Shrinking consumption is the solution we can actually live with. Second of two. A society that consumes less energy and stuff could rehumanize society and heal the biosphere. [Editor’s note: Read part one of this two-parter here.] Thanks to bright green […]
“We’re Near The Very End”: Lawrence Lepard On Bitcoin, Gold & The Coming Crash
“We’re Near The Very End”: Lawrence Lepard On Bitcoin, Gold & The Coming Crash Submitted by QTR’s Fringe Finance This is part 1 of an exclusive Fringe Finance interview with fund manager Lawrence Lepard, where we discuss the state of the economy, gold, bitcoin, catastrophic outcomes for the market, the supply chain in the country and more. Lawrence Lepard […]
Get Ready for Food Rationing
Get Ready for Food Rationing It was a very strange moment when this week the spokesperson for the president defended inflation as a high-class problem. She explained that higher prices are merely a sign that economic activity is picking up. People are buying things and that’s good. Of course that pushes up prices, she said. […]
Artificially Low Interest Rates? So what?
Artificially Low Interest Rates? So what? The Federal Reserve has held interest rates artificially low for decades. Even after pushing rates to zero in the wake of the 2008 financial crisis, “normalization” only managed to raise rates to 2.5% — hardly “normal.” The central bank began cutting rates in 2019, even before the coronavirus pandemic. But what […]
History Warns The Fed Will Raise Interest Rates More, Not Less
History Warns The Fed Will Raise Interest Rates More, Not Less History Warns The Fed Will Raise Interest Rates More, Not Less “Currently, the December 2019 Fed Funds futures contract implies that the Fed will reduce the Fed Funds rate by nearly 75 basis points (0.75%) by the end of the year. While 75 basis […]
Revenge of the Real World
Revenge of the Real World The status quo response would be amusing if the consequences weren’t so dire. Rather than stare at empty shelves, you have two options for distraction: you can don a virtual-reality headset and cavort with dolphins in the metaverse, or you can trade various forms of phantom wealth that always go up (happy happy!) because […]
How Much of the Worsening Energy Crisis Is Due to Depletion?
How Much of the Worsening Energy Crisis Is Due to Depletion? If society attempts to maintain current levels of energy services throughout the transition, the result will be a spike in both energy usage and carbon emissions. Coal and natural gas spot prices have recently soared to record levels internationally, while oil is trading at over […]
When they say money, think energy
When they say money, think energy The Indian government ruffled a few feathers at the COP this morning, by raising the thorny question of the £722bn they were supposed to receive to aid their transition away from fossil fuels. Because, when all is said and done, the proposed transition is all about money. Decommissioning the old fossil […]
Today’s Contemplation: Collapse Cometh XXXI
Today’s Contemplation: Collapse Cometh XXXI Tulum, Mexico (1986) Photo by author So, dozens of political leaders, their hundreds of staff, multitudes of corporate leaders, and who knows how many ‘celebrities’ have all gathered in Glasgow, Scotland for an elite confab (#26) to discuss the ‘Climate […]
The Big Three: The 21st Century “Clean Energy” Regime
THE BIG THREE: THE 21ST CENTURY “CLEAN ENERGY” REGIME *Breakthrough Energy Coalition Founders The “big three” that comprise the 21st century “clean energy” regime are Mission Innovation, Breakthrough Energy Coalition (BEC), and the Global Apollo Programme, with BEC in the driving seat. What we are witnessing is militarized advertising campaign for pseudo ‘public interest’ purposes. This is an example […]
