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8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent
8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent Will there be a financial collapse in the United States before the end of 2015? An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis. Of course that doesn’t mean […]
Venezuela Increasingly Looks Like A War Zone
Venezuela Increasingly Looks Like A War Zone Over the years, we have repeatedly poked fun at the transformation of Venezuela into a “socialist utopia” – an economy in a state of terminal collapse, where the destruction of the currency (one black market Bolivaris now worth 107 times less than the official currency’s exchange rate) and the […]
The Cimmerian Hypothesis, Part Three: The End of the Dream
The Cimmerian Hypothesis, Part Three: The End of the Dream Let’s take a moment to recap the argument of the last two posts here on The Archdruid Report before we follow it through to its conclusion. There are any number of ways to sort out the diversity of human social forms, but one significant division lies between […]
Government of Venezuela Forces Farmers to Hand Over Food
Government of Venezuela Forces Farmers to Hand Over Food The government of Venezuela is playing Monopoly, but it isn’t the kind with those little plastic hotels. They’re controlling essential goods like food, and putting the retail establishments of the country out of business. According to a UK Telegraph report, the government is now forcing farmers and […]
Beyond Extinction: Transition to post-capitalism is inevitable
Beyond Extinction: Transition to post-capitalism is inevitable In Margaret Atwood’s powerful essay on the reality of climate change — and its implications for the future of oil-dependent industrial civilization — she tells two vastly distinct stories of our future. The first is a tale of dystopia — a future so bleak, it would make Hollywood moguls looking for the next science fiction […]
Neither Crowdfunding, Nor Oxi,Nor Anything Else Can Stave OffGreece’s Systemic Collapse
Neither Crowdfunding, Nor Oxi,Nor Anything Else Can Stave Off Greece’s Systemic Collapse In case you missed the media hubbub, a one-week Indiegogo crowdfunding campaign was started back on June 29th with the goal of raising €1.6 billion to pay off Greece’s most recent debt repayment and set it back on the road to prosperity. The […]
If everyone lived in an ‘ecovillage’, the Earth would still be in trouble
If everyone lived in an ‘ecovillage’, the Earth would still be in trouble We are used to hearing that if everyone lived in the same way as North Americans or Australians, we would need four or five planet Earths to sustain us. This sort of analysis is known as the “ecological footprint” and shows that even the so-called […]
Who Will Be the Last to Crash?
Who Will Be the Last to Crash? This is the question that astute investors are forced to ask themselves these days. No reasonable person believes that a system of ever-expanding debt can resolve painlessly. It simply cannot happen… not, at least, until 2+2 stops equaling four. But the international money system, while deeply interconnected, can […]
The Global Template for Collapse: The Enchanting Charms of Cheap, Easy Credit
The Global Template for Collapse: The Enchanting Charms of Cheap, Easy Credit Cheap, easy credit has created moral hazard and nurtured magical thinking throughout the global economy. According to polls, the majority of Greek citizens want the benefits of membership in the euro/EU and the end of EU-imposed austerity. The idea that these are mutually exclusive […]
Collapse, Part 5: Things Fall Apart
Collapse, Part 5: Things Fall Apart It is impossible to wean an economy that relies on debt and leverage for its “growth” of excessive debt and leverage. As noted earlier in this series, collapse is not an event, it’s a process, a process we experience as things fall apart. The phrase famously appears in William Butler Yeats’ […]
Collapse, Part 4: Loss of Faith in Public Institutions
Collapse, Part 4: Loss of Faith in Public Institutions Public institutions are now devoted to serving their own vested interests or the interests of private financial Elites. Though we may think of collapse in terms of ATMs not working and rampaging mobs, collapse actually starts with the intangible loss of faith in public institutions:elected officials, law enforcement, […]
