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Rumors of War

Rumors of War The race to economic collapse is an international competition sparking threats and tensions summoning the specter of war. The imploding center of this collapse is that of industrial technocracy based on fossil fuels. All the nations will go through it on differing schedules. It has been playing out slowly, painfully, and deceptively […]

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What can we do?

What can we do? Rainbow over the Tapajós River in the Amazon © Todd Southgate / Greenpeace At the University of Minnesota Dr. Nate Hagens teaches an honours course called “Reality 101: A Survey of the Human Predicament.” Hagens operated his own hedge fund on Wall Street until he glimpsed, “a serious disconnect between capitalism, growth, and […]

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Civil Unrest = Hoarding of Assets

Civil Unrest = Hoarding of Assets QUESTION: Mr. Armstrong; You pick themes that are not really just political on the surface, but beneath you are connecting the dots economically. This is what I read between the lines for you do not always emphasize it in every post why you will address issues like migration and […]

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Geopolitical Tensions Are Designed To Distract The Public From Economic Decline

Geopolitical Tensions Are Designed To Distract The Public From Economic Decline Tracking geopolitical and fiscal developments over the past several years is a bit like watching a slow motion train wreck; you know exactly what the consequences of the events will be, you try to warn people as much as possible, but, ultimately, you cannot […]

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US On Road To Third World

US On Road To Third World On January 6, 2004, Senator Charles Schumer and I challenged the erroneous idea that jobs offshoring was free trade in a New York Times op-ed. Our article so astounded economists that within a few days Schumer and I were summoned to a Brookings Institution conference in Washington, DC, to explain our […]

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Immigration During an Economic Decline Is Insane!

Immigration During an Economic Decline Is Insane! According to the BBC, the German government has admitted that there have been almost 500 attacks on homes intended for asylum seekers this year. Politicians are clueless when it comes to managing an economy. In the USA during the 1840s, in the middle of the State Sovereign Debt Crisis, gun […]

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Albert Einstein, Soil, Honey Bees and Biodiversity.

Albert Einstein, Soil, Honey Bees and Biodiversity. Among the manifold quotes that are attributed to Albert Einstein, are variants along the lines of: “If the bee disappeared off the surface of the globe then man would only have four years of life left. No more bees, no more pollination, no more plants, no more animals, […]

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War Threat Rises As Economy Declines

War Threat Rises As Economy Declines Paul Craig Roberts, Keynote Address to the Annual Conference of the Financial West Group, New Orleans, May 7, 2015 The defining events of our time are the collapse of the Soviet Union, 9/11, jobs offshoring, and financial deregulation. In these events we find the basis of our foreign policy […]

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The Whisper of the Shutoff Valve

The Whisper of the Shutoff Valve Last week’s post on the impending decline and fall of the internet fielded a great many responses. That was no surprise, to be sure; nor was I startled in the least to find that many of them rejected the thesis of the post with some heat. Contemporary pop culture’s […]

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Hopium: How Far Can Irrational Optimism Take The U.S. Economy?

Hopium: How Far Can Irrational Optimism Take The U.S. Economy? If enough people truly believe that things will get better, will that actually cause them to get better?  There is certainly something to be said for being positive and thinking that anything is possible.  And as Americans, optimism seems to come naturally for us.  However, […]

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Dead malls: Half of America’s shopping centres predicted to close by 2030

Dead malls: Half of America’s shopping centres predicted to close by 2030 The obituaries are being written for what has been an intrinsic part of American culture for half a century, as the country’s ubiquitous shopping malls face a slow, painful death. As shopping and driving habits change, retailers are facing difficult times, and some […]

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One Region That Could Benefit Most From Low Oil Prices

One Region That Could Benefit Most From Low Oil Prices The current low price of oil so far has been a mixed blessing for the world economy. Some countries, such as the poor OPEC member Venezuela, are hurt by the price drop. Many others benefit, in most cases simply because their businesses and consumers pay […]

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You Thought The Saudis Were Kidding? – The Automatic Earth

You Thought The Saudis Were Kidding? – The Automatic Earth. There are many things I don’t understand these days, and some are undoubtedly due to the limits of my brain power. But at the same time some are not. I’m the kind of person who can no longer believe that anyone would get excited over […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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