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Food Crisis In The Making: Farm Bankruptcies Reach Horrifying Levels
Food Crisis In The Making: Farm Bankruptcies Reach Horrifying Levels We are amidst a food crisis. Farms in the United States Midwest are filing for chapter 12 bankruptcy at an alarming rate. And many are saying president Donald Trump’s trade war is taking the most blame. We hate to say we told you so, but […]
Low Oil Prices: An Indication of Major Problems Ahead?
Low Oil Prices: An Indication of Major Problems Ahead? Many people, including most Peak Oilers, expect that oil prices will rise endlessly. They expect rising oil prices because, over time, companies find it necessary to access more difficult-to-extract oil. Accessing such oil tends to be increasingly expensive because it tends to require the use of greater […]
Don’t Get Distracted By The Trump/Fed Soap Opera – The Crash Will Continue
Don’t Get Distracted By The Trump/Fed Soap Opera – The Crash Will Continue At the beginning of 2018 I wrote extensively on what was likely to happen under the administration of Jerome Powell, the new Federal Reserve Chairman. In my article ‘New Fed Chairman Will Trigger A Historic Stock Market Crash In 2018‘, published in […]
Bearish on Fake Fixes
Bearish on Fake Fixes This systemic vulnerability is largely invisible, and so the inevitable contagion will surprise most observers and participants. The conventional definition of a Bear is someone who expects stocks to decline. For those of us who are bearish on fake fixes, that definition doesn’t apply: we aren’t making guesses about future market gyrations (rip-your-face-off […]
Saving the Environment: Is Degrowthing the Answer?
Saving the Environment: Is Degrowthing the Answer? Photo Source Anahi Patricia Jasso Aleman | CC BY 2.0 A friend recently sent me a piece by Jason Hickel, arguing that growth can’t be green and that we need to move away from growth oriented economics. I am not convinced. It strikes me both that the piece misrepresents what growth […]
The Fed Is Tightening More Than It Realizes
The Fed Is Tightening More Than It Realizes Before the 2008 collapse of Lehman Brothers, the Fed’s balance sheet stood at $925 billion—mostly U.S. Treasury securities. After 59 months of asset purchases to push down longer-term interest rates, it had ballooned to a peak of $4.5 trillion, including nearly $1.8 trillion in mortgage securities, in […]
The Coming Bankruptcy of the American Empire
The Coming Bankruptcy of the American Empire Better to bring the troops home on our terms than wait for a debt crisis to do it for us. Credit: Anneka/Shutterstock The chickens are coming home to roost. It’s only a question of when. Herbert Stein was chair of the Council of Economic Advisors under Presidents Richard Nixon […]
Canada’s Treacherous “Faustian Bargain”
Canada’s Treacherous “Faustian Bargain” Canadian Prime Minister Justin Trudeau, it seems, adheres to the principle of globalism, according to which the world is borderless, and the idea of sovereign nation-states is both reactionary and obsolete. In this borderless world, the governing body is the unelected, untransparent, unaccountable and deeply corrupt United Nations and its agencies, […]
Foreword to Oil, Power and War
This month’s Museletter is my Foreword to Matthieu Auzanneau’s excellent new book Oil, Power, and War: A Dark History published by Chelsea Green Publishing. For information on where to get hold of a copy see the links at the end. Foreword to Oil, Power and War Come and listen to my story ’bout a man named Jed A […]
General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble
General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble America’s twin economic “generals” are both in very deep trouble. General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire […]
The Biggest Losers Of The Current Oil Price Slump
The Biggest Losers Of The Current Oil Price Slump The ongoing slump in oil prices, which has seen crude fall so sharply from the 52-week high set in October that $1 trillion has been wiped off energy stocks, will cut deep into the pockets of major producers like Saudi Arabia, Russia, Nigeria and Angola. As the world heads into […]
China Ambassador Warns Of “Dire Consequences” If No Deal, Hints At “All Out” War
China Ambassador Warns Of “Dire Consequences” If No Deal, Hints At “All Out” War Earlier today, Trump’s chief economic advisor Larry Kudlow poured cold water on expectations for an imminent resolution of the US-China trade war when he said that negotiations in the run up to this week’s G-20 talks “haven’t yielded any progress”, and unless something […]
The Politics of Debt-Serfs and Tax Donkeys: Our Only Choice Is the Least Bad Option
The Politics of Debt-Serfs and Tax Donkeys: Our Only Choice Is the Least Bad Option The reality is there is no avenue left for advocacy, grievances or redress in a system dominated by global corporations and self-serving political insiders. What’s striking about the protests in Paris against higher fuel taxes is the universality of the […]
