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How to Buffer the Fallout from America’s Third World Death Spiral
How to Buffer the Fallout from America’s Third World Death Spiral “What the hell?!” – President Joe Biden, June 16, 2021 Out of Control American workers are trying to make their way in an economy that’s rigged against them. We made this claim many years ago. Today, for fun and for free, we revisit this assertion…starting with the […]
Four Scenarios for a Catastrophic Future (part II)
Four Scenarios for a Catastrophic Future (part II) This is the second part of the series of posts by “Rutilius Namatianus” (RN) that re-examines the 4 scenarios of the future proposed by David Holmgren in 2009 (first part). In general, you may find that RN’s interpretations are rather extreme, but I do believe that there is some […]
The Unmistakable Impact Of The IEA’s ‘Fantasy’ Report
The Unmistakable Impact Of The IEA’s ‘Fantasy’ Report In an effort to adapt to Trudeau’s recent green policies and owing to pressure from the International Energy Agency (IEA), Canadian oil sand producers have formed an alliance to achieve net-zero emissions by 2050. This would see a huge shift from current practices as, at present, oil sands […]
The everything death spiral
The everything death spiral Inflation is back in the establishment media headlines, as prices are rising across the economy. But rather like generals fighting the last war, business and economic journalists are dusting off models of inflation last used in the early 1980s. The idea, for example, that “inflation is always a monetary phenomenon” worked well […]
The long history of money
The long history of money We are approaching a critical turning point in the history of financial systems. Since the Great Financial Crisis, central banks have exerted control over the financial markets through their QE-programs and plan to extend their influence over the monetary system through the introduction of national digital currencies. Opposing forces include, as […]
A circular food system can withstand crises like COVID-19 — and provide delicious meals
A circular food system can withstand crises like COVID-19 — and provide delicious meals There are many hard lessons learned from the pandemic. One is that our food system needs a serious reboot. Luckily, we need only look to nature’s cycles for clues on how to fix it. In a circular food economy, food waste becomes valuable, affordable […]
USA 2021: Capitalism for the Powerless, Crony-Socialism for the Powerful
USA 2021: Capitalism for the Powerless, Crony-Socialism for the Powerful The only dynamic that’s even faintly “capitalist” about America’s Crony-Socialism is the price of political corruption is still a “market.” The supposed “choice” between “capitalism” and “socialism” is a useful fabrication masking the worst of all possible worlds we inhabit: Capitalism for the powerless and Crony-Socialism for […]
It’s Too Late To Avoid A Major Oil Supply Crisis
It’s Too Late To Avoid A Major Oil Supply Crisis There are a number of observable trends in oil supplies and by extension prices, presently. I am going to discuss one of them in this article. A lack of capital investment in finding new supplies of oil and gas. A favorite analogy of mine comes […]
BC’s Axed Climate Action Fund Worries Municipalities
BC’s Axed Climate Action Fund Worries Municipalities Government promises replacement for program that helped towns and cities reduce emissions. Municipalities used funds from the climate program for everything from bike lanes to planting trees to electric vehicle charging stations. Photo by Paul Krueger, Creative Commons licensed. After abruptly cancelling a program that helped local governments fund projects […]
Who pays for the care of “orphaned” oil and gas wells? You do
Who pays for the care of “orphaned” oil and gas wells? You do When oil and gas wells end their useful life, one of two things happens: 1) They are plugged and capped to prevent further flows or 2) they are simply abandoned. When they fall into the second category, they are called “orphaned” wells […]
From the Notebook: Killing All the Birds With One Pile of Gold
From the Notebook: Killing All the Birds With One Pile of Gold French President Emmanuel Macron, whose poll numbers are abysmal and needs a sincere shot in the arm, just gave away the plot with his outside voice. I’ve noticed this trend within The Davos Crowd in recent months, speaking with their outside voice what they only […]
Translating Yellen-Speak into Golden-Speak
Translating Yellen-Speak into Golden-Speak Given the increasingly politicized interplay (cancer) of central bank policy and so-called free market price discovery, it’s becoming increasingly more important to track the actions of central bankers rather than just traditional market signals alone. Like it or not, the Fed is the market. Toward this end, we’ve had some substantive fun deciphering […]
It Gets Ugly: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982. It’s “Permanent” not “Temporary,” Won’t Bounce Back
It Gets Ugly: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982. It’s “Permanent” not “Temporary,” Won’t Bounce Back The Consumer Price Index jumped 0.6% in May, after having jumped 0.8% in April, and 0.6% in March – all three the steepest month-to-month jumps since 2009, according to the Bureau of Labor Statistics today. For the three […]
The G-7’s Reckless Commitment To Mounting Debt
The G-7’s Reckless Commitment To Mounting Debt Historically, meetings of the largest economies in the world have been essential to reach essential agreements that would incentivise prosperity and growth. This was not the case this time. The G7 meeting agreements were light on detailed economic decisions, except on the most damaging of them all. A minimum […]
