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Mass Education and the Climate Crisis: Lessons from the Pandemic (Part 2)
Mass Education and the Climate Crisis: Lessons from the Pandemic (Part 2) This is part two of a five-part essay that highlights lessons from the coronavirus pandemic which could advance the fight for a Green New Deal. Part one (published on Resilience.org here) argues that money is not scarce. Part two argues that control of […]
‘A Monstrous Monument to Greed and Stupidity’: Critics React to Site C Decision
‘A Monstrous Monument to Greed and Stupidity’: Critics React to Site C Decision BC Liberals accuse NDP of mismanagement; Greens warn public to brace for higher costs. Premier John Horgan confirmed today that construction of the Site C dam will once again go ahead. ‘I know there are a lot of British Columbians who have […]
Sisphean Printing Will Kill Dollar & Bonds
SISYPHEAN PRINTING WILL KILL DOLLAR & BONDS Understanding four critical but simple puzzle pieces is all investors will need to take the flood that leads to fortune. Why then will the majority of investors still take the wrong current and lose their ventures? Well because investors feel more comfortable staying with the trend than […]
Analysis: How Exxon Is Being Forced To Accept The Reality Of Bad Fossil Fuel Investments
Analysis: How Exxon Is Being Forced To Accept The Reality Of Bad Fossil Fuel Investments Last August, ExxonMobil warned that it may need to remove 20 percent of its oil and gas proved reserves from its books. While that was a shocking number from the oil major, reality proved to be even more of a shock […]
Jerome von Havenstein: Inflation Or Bust
Jerome von Havenstein: Inflation Or Bust This week brought forth new evidence that – to be perfectly frank – we’re all screwed. On Thursday, the yield on the 10 year Treasury note topped 1.55 percent. Subsequently, the Dow Jones Industrial Average, after hitting an all-time high on Wednesday, dropped 559 points. Wall Street must not […]
‘Brace For Rampant Inflation’: Hedge Fund Billionaire Stunned At “Market Craziness”, Sees “Trouble Ahead”
‘Brace For Rampant Inflation’: Hedge Fund Billionaire Stunned At “Market Craziness”, Sees “Trouble Ahead” In 2012 Elliott Management’s Paul Singer correctly warned that financial system leverage and technology would “serve as an accelerant in the next crisis”: “The major message that I want to give you (and I’ve invited challenge on both parts of my thesis […]
Culmination of Fed Interventions Inflates Historic “Everything Bubble”
Culmination of Fed Interventions Inflates Historic “Everything Bubble” via HistoryDaily We reported on last year’s partial deflation of the “everything bubble,” aided in part by the COVID-19 pandemic and erratic response to it. But it could be a bit premature to consider that partial crash a singular event, followed by another period of economic recovery. In fact […]
The Outage at the Federal Reserve
The Outage at the Federal Reserve The outage of the National Settlement Service and the Fedwire Securities Service, which provides issuance, settlement, and transfer services for Treasuries and other government securities, was down and this has caused some concern and then conspiracy theories mixed in. The Fed made progress reversing the shutdown within a couple […]
Bank Of America Expects Fastest Oil Price Rise In 30 Years
Bank Of America Expects Fastest Oil Price Rise In 30 Years Oil prices are set to rise by the fastest rate since the 1970s over the next three years, Bank of America said in a new report, joining the growing group of analysts forecasting a return of oil to three-digit territory. The average price of […]
‘Brace For Rampant Inflation’: Hedge Fund Billionaire Stunned At “Market Craziness”, Sees “Trouble Ahead”
‘Brace For Rampant Inflation’: Hedge Fund Billionaire Stunned At “Market Craziness”, Sees “Trouble Ahead” In 2012 Elliott Management’s Paul Singer correctly warned that financial system leverage and technology would “serve as an accelerant in the next crisis”: “The major message that I want to give you (and I’ve invited challenge on both parts of my thesis […]
Global Green Energy Zombie Abengoa, Caught Cooking its Books in 2015 & Bailed Out Twice, Finally Runs Out of Bailouts, Files for Bankruptcy, 2nd Largest in Spanish History
Global Green Energy Zombie Abengoa, Caught Cooking its Books in 2015 & Bailed Out Twice, Finally Runs Out of Bailouts, Files for Bankruptcy, 2nd Largest in Spanish History Biggest beneficiaries of the now scuttled rescue plan would have been private equity firm KKR and Banco Santander. Abengoa, the global renewables energy giant that was caught […]
Oil and Debt: Why Our Financial System Is Unsustainable
Oil and Debt: Why Our Financial System Is Unsustainable How much energy, water and food will the “money” created out of thin air in the future buy? Finance is often cloaked in arcane terminology and math, but the one dynamic that governs the future is actually very simple. Here it is: all debt is borrowed against […]
Why Collapse Occurs; Why It May Not Be Far Away
Why Collapse Occurs; Why It May Not Be Far Away Collapse is a frightening subject. The question of why collapse occurs is something I have pieced together over many years of study from a number of different sources, which I will attempt to explain in this post. Collapse doesn’t happen instantaneously; it happens many years after an […]
Is it Taxes or Debt Default Which Cause Revolution?
Is it Taxes or Debt Default Which Cause Revolution? QUESTION: Marty, do you agree with other analysts who claim debt defaults create revolutions? From reading your work for decades now, I think you would say it was taxes. Am I correct? Hopefully, see you at the next WEC again KL ANSWER: You are correct. Rome never […]
Past world economic production constrains current energy demands: Persistent scaling with implications for economic growth and climate change mitigation
Past world economic production constrains current energy demands: Persistent scaling with implications for economic growth and climate change mitigation Abstract Climate change has become intertwined with the global economy. Here, we describe the contribution of inertia to future trends. Drawing from thermodynamic principles, and using 38 years of available statistics between 1980 to 2017, we […]
