Home » Economics (Page 35)
Category Archives: Economics
Today’s Contemplation: Collapse Cometh CLXXV–Energy and Its Interconnections With Our Financialised Economic System
Today’s Contemplation: Collapse Cometh CLXXV Teotihuacan, Mexico (1988). Photo by author. Energy and Its Interconnections With Our Financialised Economic System Petroleum geologist Art Berman recently posted an article discussing an issue regarding the mainstream energy transition narrative that I wanted to highlight. This is the connection between our monetary/financial/economic systems and energy, something that as Art argues […]
The True Costs of Net Zero Are Becoming Impossible to Hide
The True Costs of Net Zero Are Becoming Impossible to Hide Our net zero lesson of the day is from the U.K. but it applies universally. It’s increasingly difficult for Biden and the EU to hide the true costs of net zero mandates. Britain Boiler Tax Scandal In the latest green fiasco, UK Prime Minister […]
The Great Growth Hoax
The Great Growth Hoax For several days, ever since the supposedly amazing GDP report from quarter four 2023, we’ve been blasted by the media about how great the economy is doing. It’s exasperating because these claims do not fit with human experience. Last we heard from the Census Bureau, real income is down, and no […]
Today’s Contemplation: Collapse Cometh LVII–Ecological Overshoot Cannot Be ‘Solved’
Today’s Contemplation: Collapse Cometh LVII July 2, 2022 (original posting date) Rome, Italy (1984). Photo by author. Ecological Overshoot Cannot Be ‘Solved’ A quick morning contemplation based upon an article posted to the Peak Oil Facebook Group I participate in. Almost everywhere the pursuit of the infinite growth chalice (primarily by the ruling elite) and/or population growth […]
Today’s Contemplation: Collapse Cometh LVI–Cognition and Belief Systems: Part Six — Sociopolitical ‘Collapse’ and Ecological Overshoot
Today’s Contemplation: Collapse Cometh LVI June 29, 2022 (original posting date) Rome, Italy (1984). Photo by author. Cognition and Belief Systems: Part Six — Sociopolitical ‘Collapse’ and Ecological Overshoot This contemplation is my concluding post regarding several psychological mechanisms at play in our thinking about ecological overshoot and the accompanying societal ‘collapse’ that will eventually result. In the initial […]
Iraqi parliament calling to ditch US dollar for oil trade
Iraqi parliament calling to ditch US dollar for oil trade Washington has exercised strict control over Iraqi oil revenues for the past two decades (Photo credit: INA) The Finance Committee in the Iraqi parliament made a statement on 31 January calling for the sale of oil in currencies other than the US dollar, aiming to counter US […]
Today’s Contemplation: Collapse Cometh LV–Expediting ‘Collapse’: Financialisation of Our Economic System
Today’s Contemplation: Collapse Cometh LV Rome, Italy (1984). Photo by author. Expediting ‘Collapse’: Financialisation of Our Economic System A very short contemplation that deviates from the ‘series’ I’ve been writing on several psychological mechanisms that impact our cognitions regarding overshoot and collapse. This is a brief comment (with a slight edit) on an article by The Honest […]
Today’s Contemplation: Collapse Cometh LIV–Cognition and Belief Systems: Part Five — Justification Hypothesis
Today’s Contemplation: Collapse Cometh LIV June 18, 2022 (original posting date) Rome, Italy (1984). Photo by author. Cognition and Belief Systems: Part Five — Justification Hypothesis This contemplation is the fifth part of a look at several psychological mechanisms at play in our thinking about ecological overshoot and the accompanying societal ‘collapse’ that will eventually result. In Part One, […]
Supply Chain Disruptions: The Risks and Consequences
Supply Chain Disruptions: The Risks and Consequences By now the impacts of supply chain disruption are becoming all too familiar: shortages, inflation, factory closures, goods waiting at ports to be unloaded. All these impacts are serious enough, but another more-hidden concern lurks just beneath the surface: the impact of supply chain failure on national security, […]
The Era of Easy Money Ruined Us
The Era of Easy Money Ruined Us The rot caused by easy money will only become fully visible when the hollowed out institutions start collapsing under the weight of incompetence, debt and hubris. We have yet to reach a full reckoning of the consequences of the era of easy money, but it’s abundantly clear that […]
A small and deceptive word
A small and deceptive word In a previous post I referred to two “highly seductive and misunderstood words.” I dealt with one of these several years ago when considering the growing number of things that humans can do in theory but can no longer do in practice. This applied to highly expensive projects like sending humans to the moon […]
Today’s Contemplation: Collapse Cometh LIII–Cognition and Belief Systems: Part Four — Cognitive Dissonance
Today’s Contemplation: Collapse Cometh LIII June 11, 2022 (original posting date) Santorini, Greece (1984). Photo by author. Cognition and Belief Systems: Part Four — Cognitive Dissonance This contemplation is the fourth part of a look at several psychological mechanisms at play in our thinking about ecological overshoot and the accompanying societal ‘collapse’ that will eventually result. In Part One, […]
Today’s Contemplation: Collapse Cometh LII–Cognition and Belief Systems: Part Three — Groupthink
Today’s Contemplation: Collapse Cometh LII June 7, 2022 (original posting date) Monte Alban, Mexico (1988) Photo by author Cognition and Belief Systems: Part Three — Groupthink This contemplation is the third part of a look at several psychological mechanisms at play in our thinking about ecological overshoot and the accompanying societal ‘collapse’ that will eventually result. In Part One, […]
Dominoes: After NYCB, Shares Of Japanese Bank Implode On Massive US CRE Writedown
Dominoes: After NYCB, Shares Of Japanese Bank Implode On Massive US CRE Writedown Following a profit warning from New York Community Bancorp on Wednesday, partially attributed to turmoil in the commercial real estate sector, Japan’s Aozora Bank Ltd. slashed the value of some of its US office tower loans by more than 50%, according to Bloomberg. New York […]
