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Tag Archives: collapse
Collapse of NZ “Guarantor” Puts $300M Deposits for 10K Homes at Risk
Collapse of NZ “Guarantor” Puts $300M Deposits for 10K Homes at Risk Guaranteeing things is an excellent business until it fails suddenly and completely. In the Great Financial Crisis guarantors were wiped out. It’s happening now down under where 10,000 Property Buyers are Caught in the Collapse of Deposit Power. A leading national property finance […]
What do I mean by Skin in the Game? My Own Version
What do I mean by Skin in the Game? My Own Version When selecting a surgeon for your next brain procedure, should you pick a surgeon who looks like a butcher or one who looks like a surgeon? The logic of skin in the game implies you need to select the one who (while credentialed) looks […]
How Societies Collapse: Or, The Eerie Parallels Between Rome, Nazi Germany, and America
How Societies Collapse: Or, The Eerie Parallels Between Rome, Nazi Germany, and America A little reflection occurs to me every time I write about American collapse. Societies collapse in much the same way — there is something like a universal way of collapse. Yet the whole problem begins with the fact that human beings, having needy egos, find their […]
India Enters the Sovereign Debt Crisis
India Enters the Sovereign Debt Crisis I have warned continually that the Sovereign Debt Crisis will unfold not so much by people selling government debt, but by the lack of people buying new debt. The greatest peril is when there is NO BID for the new issues because all governments are operating a PONZI scheme. The sell […]
Old Age and Societal Decline
Old Age and Societal Decline People grow old and die. Civilizations eventually fail. For centuries amateur philosophers have used the former as a metaphor for the latter, leading to a few useful insights and just as many misleading generalizations. The comparison becomes more immediately interesting as our own civilization stumbles blindly toward collapse. While not […]
Our Approaching Winter of Discontent
Our Approaching Winter of Discontent The tragedy is so few act when the collapse is predictably inevitable, but not yet manifesting in daily life. That chill you feel in the financial weather presages an unprecedented–and for most people, unexpectedly severe–winter of discontent. Rather than sugarcoat what’s coming, let’s speak plainly for a change: none of […]
How the SHTF in Bosnia: Selco Asks Americans, “Does this sound familiar?”
How the SHTF in Bosnia: Selco Asks Americans, “Does this sound familiar?” Selco interviewed by Daisy Luther I was recently emailing back and forth with Selco and we were discussing the situation in the US right now, with the political polarization, the rage, and the general cognitive dissonance. I asked him if he saw any […]
Venezuela Is Moving From Crisis To Collapse
Venezuela Is Moving From Crisis To Collapse Venezuela’s slumping oil production is a “clear and present danger” to the oil market, RBC Capital Markets said this week. Venezuela’s production continues to fall at a frightening clip, falling to about 1.6-1.7 million barrels per day (mb/d) in December. On an annual basis, Barclays predicts that Venezuela’s […]
Dark Kitchen: Uncivilizing the Table
DARK KITCHEN: UNCIVILISING THE TABLE Today we begin a new series that explores food and eating in times of collapse. During this Lenten month we’ll travel through different kingdoms and terrains, sharpening our appetites and cooking knives, in the company of artists, filmmakers, writers and activists – starting with an introduction by series editor Charlotte Du Cann. […]
ECONOMIC CRASH LIKELY? Stock Market Insanity & Risk Reaching Nose-Bleed Levels
ECONOMIC CRASH LIKELY? Stock Market Insanity & Risk Reaching Nose-Bleed Levels With the Dow Jones Index falling 665 points today, the risk of a large market correction has just increased significantly. Ironically, I discussed the very indicators that were setting up for a huge market correction in my newest video which I recorded on Tuesday. […]
Nine Reasons Why Globalization Can’t Be Permanent
Nine Reasons Why Globalization Can’t Be Permanent Since the late 1990s, globalization has seemed to be the great hope for the future. Now this great hope seems to be dimming. Globalization sets up conflict in the area of jobs. Countries around the world compete for development and jobs. If there is not enough cheap-to-produce energy to go […]
Anxiety, Anguish, Anger: How It Really Feels to Survive a Collapse
Anxiety, Anguish, Anger: How It Really Feels to Survive a Collapse Hello to all those readers interested in learning from my personal experience of surviving an economic collapse. I decided to write this article, the first of a series of several similar that will be posted because I am experiencing these days a huge emotional […]
Why We’re Underestimating American Collapse
Why We’re Underestimating American Collapse The Strange New Pathologies of the World’s First Rich Failed State You might say, having read some of my recent essays, “Umair! Don’t worry! Everything will be fine! It’s not that bad!” I would look at you politely, and then say gently, “To tell you the truth, I don’t think we’re taking […]
“The collapse of our civilization is not a political issue.” Really??
“The collapse of our civilization is not a political issue.” Really?? The cover article of New Scientist this week asks “Is Western civilization on the brink of collapse?” I’m glad they’re raising this question, but their discussion was extremely disappointing. First, as George Monbiot points out in a follow-up article, the article fails to distinguish between […]
