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WEF Panelist Says COVID Response Made People More Receptive to Central Bank Digital Currencies
WEF Panelist Says COVID Response Made People More Receptive to Central Bank Digital Currencies COVID-19 the path for a cashless future, according to Bahrain’s central bank chief at WEF. The World Economic Forum (WEF) “globalism caravan” was in Saudi Arabia late last month, when one of these “special meeting” panels heard about the usefulness of […]
The Homo Economicus Myth
The Homo Economicus Myth Among the larger albatrosses burdening the economics profession is the idea of Homo economicus. To this day, most economics undergraduates hear about it in the context of neoclassical economics. Homo economicus, we are told, is the ideal economic man who always seeks to maximize profits and minimize costs. He only acts “rationally,” and rationalism is […]
More Evidence Screams “The Books Are Cooked!”
More Evidence Screams “The Books Are Cooked!” You just can’t make stuff like this up … except the government does … over and over! Photo by Ahmed Zayan on Unsplash On April 20th, I wrote about how CNBC had reported that something looked rather rigged about the government’s new jobless-claims data in this election year: What a Wonderful […]
The Cold Hard Truth About Renewable Energy Adoption
The Cold Hard Truth About Renewable Energy Adoption The energy transition is essential but complex and challenging. The pace of the transition and the balance between future and current energy security are key issues. Economic and logistical barriers, as well as geopolitical and environmental concerns, need to be addressed for a successful transition. The future […]
The Oil and Energy Macro
The Oil and Energy Macro U.S. oil reserves reached a new record in 2022. Crude oil and condensate proved reserves exceed 48 billion barrels (Figure 1). Reserves declined from 1969 to 2006 then increased with additions from the deepwater Gulf of Mexico and Tight Oil. Tight oil accounted for 27 billion barrels (56% of total) […]
David Stockman on the $1.3 Trillion Elephant In The Room
David Stockman on the $1.3 Trillion Elephant In The Room These people have to be stopped! We are talking about the nation’s unhinged monetary politburo domiciled in the Eccles Building, of course. It is bad enough that their relentless inflation of financial assets has showered the 1% with untold trillions of windfall gains, but their […]
The Permian Shrugs Off Below-Zero Natural Gas Prices in Texas
The Permian Shrugs Off Below-Zero Natural Gas Prices in Texas Natural gas prices at the Waha hub slumped to a negative value of -$2.00 per MMBtu in April. Major pipeline operators in the Permian basin haven’t yet seen any effect of the negative gas prices at the Waha hub in West Texas on activity. In […]
We’re Getting GhostGirled
We’re Getting GhostGirled A lesson from history. They glowed in the dark. In 1917, the U.S. Radium Corporation began hiring women and girls as young as 14 to paint the dials on their watches. They used a special radium paint called Undark. The corporation sold the watches to the U.S. military for a huge profit. […]
If Treasury Bonds Hit 5%, You’re Gonna See Some Serious Sh*t
If Treasury Bonds Hit 5%, You’re Gonna See Some Serious Sh*t Almost as if all of us Austrian Economists (read: any carbon based life form using common sense when it comes to finance) live in an echo chamber together, a third expert I respect came out over the last few days and has warned that 5% on […]
How to Collapse: Hyperinflationary Depression
How to Collapse: Hyperinflationary Depression How crop failure leading to a 20% caloric deficit might cause a financial crisis. It’s Wednesday. You wake up, let the dog out for a piss, shower and drag yourself to work. Eight to ten hours of pointless grin-fucking pass by and you’re ready to collapse on your sofa with […]
Unification Of CBDCs? Global Banks Are Telling Us The End Of The Dollar System Is Near
Unification Of CBDCs? Global Banks Are Telling Us The End Of The Dollar System Is Near World reserve status allows for amazing latitude in terms of monetary policy. The Federal Reserve understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The dollar’s petro-status also makes […]
Do U.S. Presidents Matter for Carbon Dioxide Emissions Reduction?
Do U.S. Presidents Matter for Carbon Dioxide Emissions Reduction? The answer is not what most people will expect Rare glimpse of the Energy Policy control panel in the White House Situation Room Pop Quiz! Before reading on, please provide your best guesses matching the presidential administration with with the annual rate of carbon dioxide emissions […]
The Fed’s Game of “Make Believe” Comes to an End
The Fed’s Game of “Make Believe” Comes to an End It’s barely been a year since the 2023 bank crisis in which several large banks, including Silicon Valley Bank and Signature Bank, failed. At the time, I wrote that the bank failures weren’t over, and that there would be more. But it’s been quiet for […]
Banking on Surveillance: Republicans Investigate Major Banks’ Warrantless Data Sharing with Federal Agencies
Banking on Surveillance: Republicans Investigate Major Banks’ Warrantless Data Sharing with Federal Agencies Congressional inquiry into banks’ role in warrantless data surveillance following January 6 raises alarm over potential civil liberties violations and improper government collaboration. Congressional Republicans are further investigating claims that at least 13 major US banks collaborated with federal agencies to monitor […]
