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LNG in BC Is a ‘Losing’ Bet, Report Finds
LNG in BC Is a ‘Losing’ Bet, Report Finds New analysis calls out rosy job projections for industry ‘misleading’ and unrealistic. BC’s LNG Canada project under construction earlier this year. Photo by Robin Rowland, the Canadian Press. A respected U.S. energy group has criticized a rosy Conference Board of Canada report championing more liquefied natural gas development […]
A simple way to understand what’s happening … and what to do
A simple way to understand what’s happening … and what to do The world seems to be coming apart at the seams. It’s critical to understand why, so that we can avoid the worst and find the best responses so as to move toward the environmentally and socially healthy future we want. It turns out that […]
US Expands Nord Stream 2 Sanctions As Germany Vows Pipeline Completion “Not If, But When”
US Expands Nord Stream 2 Sanctions As Germany Vows Pipeline Completion “Not If, But When” Secretary of State Mike Pompeo has long vowed he’ll “do everything” to stop Nord Stream 2, last month indicating the US is building a coalition of countries to fight against it, given Washington sees it as a massive compromise to Russia, giving it […]
World leaders are planning new lock downs to introduce “The World Debt Reset Program” which includes universal basic income and vaccination requirements
World leaders are planning new lock downs to introduce “The World Debt Reset Program” which includes universal basic income and vaccination requirements (Natural News) World leaders are preparing for a second and third wave of covid-19 cases and are fine-tuning their lock down strategies which will be implemented late in 2020 and into 2021. Their planning […]
The Coming Financial Crisis of 2021
The Coming Financial Crisis of 2021 Economist Steve Keen issues new warning Economist Steve Keen predicts that even if the covid-19 health crisis subsides next year, a brewing financial crisis on par with the 2008 Great Recession is in the making. He sees the pandemic as having delivered an “unprecedented shock” to the global economy, […]
Hyperinflation is here
Hyperinflation is here Definition: Hyperinflation is the condition whereby monetary authorities accelerate the expansion of the quantity of money to the point where it proves impossible for them to regain control. It ends when the state’s fiat currency is finally worthless. It is an evolving crisis, not just a climactic event. Summary This article defines […]
Extend-and-Pretend Caused Bankruptcies to Plunge in Germany, France, Spain. Now Central Banks Tell Banks to Prepare for Bankruptcy Surge
Extend-and-Pretend Caused Bankruptcies to Plunge in Germany, France, Spain. Now Central Banks Tell Banks to Prepare for Bankruptcy Surge The “second wave,” if prolonged, could cause bad loans to almost triple, to €1.4 trillion, says the ECB. German banks need to prepare themselves for a sharp spike in corporate bankruptcies early next year, the Bundesbank […]
The Great American Oil & Gas Massacre: Bankruptcies Hit New Milestone as Bigger Companies Let Go
The Great American Oil & Gas Massacre: Bankruptcies Hit New Milestone as Bigger Companies Let Go The American Oil Boom Was Where Money Went to Die. The amount of secured and unsecured debts, such as loans and bonds, listed in bankruptcy filings in the third quarter by US oil and gas companies, at $34 billion, […]
Analysis shows how the Greens have changed the language of economic debate in New Zealand
Analysis shows how the Greens have changed the language of economic debate in New Zealand When Health Minister Chris Hipkins recently quipped that the Green Party is “to some extent the conscience of the Labour Party” he was not simply referring to polls suggesting Labour may need the Greens’ support to form a government. Hipkins was also suggesting […]
Japan Embraced Debt As a Way Out of Its Budget Crisis. It’s Not Working.
JAPAN EMBRACED DEBT AS A WAY OUT OF ITS BUDGET CRISIS. IT’S NOT WORKING. The sudden resignation of Japans Prime Minister Shinzo Abe has led to evaluations of his so-called Abenomics. Many have praised Abe’s aggressive monetary policy because the long shopping list of the Bank of Japan (government bonds, corporate bonds, ETFs and real […]
Fossil Fuel Production Is Reaching Limits in a Strange Way
Fossil Fuel Production Is Reaching Limits in a Strange Way Strangely enough, the limit we seem to be reaching with respect to fossil fuel extraction comes from low prices. At low prices, the extraction of oil, coal, and natural gas becomes unprofitable. Producers go bankrupt, or they voluntarily cut back production in an attempt to force […]
Fifth Of Countries Worldwide At-Risk Of “Environmental Shocks” Collapsing Ecosystem
Fifth Of Countries Worldwide At-Risk Of “Environmental Shocks” Collapsing Ecosystem A new report via insurance firm Swiss Re warns that one-fifth of countries worldwide are at risk of their ecosystems collapsing because of a decline in biodiversity. The reinsurer said more than half of global GDP, equal to about $41.7 trillion, is highly dependent on “high-functioning […]
Can Constant Money Growth Rule Prevent Boom-Bust Cycles?
CAN CONSTANT MONEY GROWTH RULE PREVENT BOOM-BUST CYCLES? According to the Nobel Laureate in Economics, Milton Friedman, the key cause of the business cycles is the fluctuations in the growth rate of money supply. Friedman held that what is required for the elimination of these cycles is for central bank policy makers to aim at […]
Why We’re Doomed: Our Delusional Faith in Incremental Change
Why We’re Doomed: Our Delusional Faith in Incremental Change Better not to risk any radical evolution that might fail, and so failure is thus assured. When times are good, modest reforms are all that’s needed to maintain the ship’s course. By “good times,” I mean eras of rising prosperity which generate bigger budgets, profits, tax revenues, […]
