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Humanity’s Salvation Will Necessarily Look Like A Leap Into The Unknown
Humanity’s Salvation Will Necessarily Look Like A Leap Into The Unknown If humanity is to turn away from its murderous, omnicidal, ecocidal, oppressive and exploitative trajectory, it will necessarily involve a sharp, drastic deviation from all its previous patterning. You would think that this would go without saying; obviously a drastic change in behavior will look […]
Paul Volcker: The Man Who Vanquished Gold
Paul Volcker: The Man Who Vanquished Gold The flood of obituaries that noted the passing of Paul Volcker (1927–2019) last week have almost all lauded his achievement as Fed chair (1979–1987) in reining in the double-digit inflation that ravaged the US economy during the 1970s. Volcker was referred to as the “former Fed chairman who […]
The Final Act
The Final Act In processing the flow of information about the goings on in the US, it is impossible to get rid of a most unsettling sense of unreality—of a population trapped in a dark cave filled with little glowing screens, all displaying different images yet all broadcasting essentially the same message. That message is […]
From Boom To Bust: Permian Shale Towns Face Exodus
From Boom To Bust: Permian Shale Towns Face Exodus Perhaps it’s not evident to anyone who is not an oil-worker living in America’s biggest shale towns, but signs of the shale slowdown predicted by many analysts, and the EIA itself, are already surfacing in the form of vacant hotels, a dip in home prices, a […]
Four Banks & Three Tech Companies Blow $56 Billion in Q3 to Prop up Their Own Shares
Four Banks & Three Tech Companies Blow $56 Billion in Q3 to Prop up Their Own Shares The Biggest Share-Buyback Queens: When Will They Run Out of Juice? Companies in the S&P 500 index bought back $176 billion of their own shares in the third quarter, down 13.7% from the third quarter last year, and […]
Helena Norberg-Hodge — Is Localization a Solution to the Crisis of Capitalism? (In Conversation)
Helena Norberg-Hodge — Is Localization a Solution to the Crisis of Capitalism? (In Conversation) It’s often said that the economic system is rigged. The truth, however, is that the system is working exactly as it was designed to. Those in power, whether they hold public office or whether they sit in the boardroom of a […]
Skyrocketing Costs Will Pop All the Bubbles
Skyrocketing Costs Will Pop All the Bubbles The reckoning is coming, and everyone who counted on “eternal growth of borrowing” to stave off the reckoning is in for a big surprise. We’ve used a simple trick to keep the status quo from imploding for the past 11 years: borrow whatever it takes to keep paying […]
Angry French Pensioners Cut Power To Central Bank, Hint At More To Come
Angry French Pensioners Cut Power To Central Bank, Hint At More To Come France’s trade unions on Wednesday defended a series of illegal power cuts to 150,000 homes, thousands of companies and the Bank of France in an effort to force the Macron government to quash its wide-ranging pension reform, according to Reuters. The power cuts, illegal under […]
Scientific Models and Myths: What Is the Difference?
Scientific Models and Myths: What Is the Difference? Most people seem to think, “The difference between models and myths is that models are scientific, and myths are the conjectures of primitive people who do not have access to scientific thinking and computers. With scientific models, we have moved far beyond myths.” It seems to me that the […]
Will Modern Monetary Theory Blow Up the Dollar?
Will Modern Monetary Theory Blow Up the Dollar? The idea of an ‘infinite’ money supply from federal printing presses is gaining ground among the radical left in Washington, D.C. Commentary “As long as the government can print money, we’ll never be broke.” That’s the idea behind modern monetary theory (MMT) in a nutshell. Naturally, many […]
Rickards: World on Knife Edge of Debt Crisis
Rickards: World on Knife Edge of Debt Crisis Herbert Stein, a prominent economist and adviser to presidents Richard Nixon and Gerald Ford, once remarked, “If something cannot go on forever, it will stop.” The fact that his remark is obvious makes it no less profound. Simple denial or wishful thinking tends to dominate economic debate. […]
Dennis Meadows: The Limits To Growth
Dennis Meadows: The Limits To Growth Revisiting one of the most seminal studies of our era Fifty years ago, an international team of researchers was commissioned by the Club of Rome to build a computer simulation of exponential economic and population growth on a finite planet. In 1971, its findings were first released in Moscow […]
Monetary Looting
Monetary Looting The United States has historically bragged about its free and transparent markets. But what the Fed is doing today is pulling a dark curtain around the financing of this so-called free and transparent market. The public has no idea which Wall Street firms have received this $3 trillion or why they can’t borrow […]
US Official Gold Reserves Auditor Caught Lying
US Official Gold Reserves Auditor Caught Lying More false statements by the auditor have appeared, further eroding its credibility. In my previous post, from March 2018, on the audits of US official gold reserves, I have exposed that during the audit procedures of the US official gold reserves from 1974 through 2008, repeatedly audit staff deviated from […]
