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The Bulletin: December 12-18, 2024

The Bulletin: December 12-18, 2024

The Baby Bust: How The Toxicity Crisis Could Cause the Next Economic Crash

Global Warming and the Great Unravelling

All Stories Are Propaganda | how to save the world

The Big Shining Lie: We’re Better Off Now–No, We’re Poorer, Much Poorer

Are We Running Out Of Copper? This Image Says Yes

America Is A Long Con

Saltwater will taint 77% of coastal aquifers by century’s end, modeling study finds

Fukushima: Disaster Response is to Spread Radioactive Waste to the Commons – CounterPunch.org

Drought alert issued in Pakistan

Water Scarcity

Environmental-Political Collapse Accelerates – resilience

Book review: Five Insights for Avoiding Global Collapse

Why I Am a Realist – by John J. Mearsheimer – Savage Minds

THE EVIL CYCLES OF WAR AND ECONOMIC DESTRUCTION – VON GREYERZ

“Thank You for Ruining My Life” – The Great Simplification

What it Takes to Master a Collapsing World

Collapse: A Timeline

​​Corporations Are Not Your Friends | how to save the world

Rhyming History: France’s First Hyperinflation

Before Societal Implosion Comes

Syria: Will It Prove To Be the Empire’s Final Quagmire?

Food From Commodity To Commons

World Coal Demand and Exports Set for New Record Highs in 2024 | OilPrice.com

Can Europe Afford Its Energy Transition

Science Snippets: Microplastics Changing Earth’s Climate

Kansas farmers wrestling with how to save their water source — and their future

#295: Beans on tech | Surplus Energy Economics

All Three Pillars Holding Up the Economy Have Cracked

Why it is urgent to take a proactive attitude towards protecting the extant natural forests

UN Talks Fail To Reach Agreement On Dealing With Rising Risk Of Global Drought

Santa, Please Bring Me a War for Christmas

The Real Cost of Net Zero

Peter Thiel Reveals How Scared Oligarchs Are Of The People

Control Oil and You Control Nations | Art Berman

Over 70% of the world’s aquifers could be tainted by 2100

Farming has always been gambling with dirt – but the odds are getting longer | Gabrielle Chan | The Guardian

Copper Mining: Totally Not Green, But Totally Needed for “Green” Energy

Mainstream Propaganda Machine. Galvanizing US Public for War with Iran. Worldwide Military Escalation? – Global Research

Whoever Does Not Respect the Penny is Not Worthy of the Dollar – Doug Casey’s International Man

Trump And Israel Can’t Wait To Start Bombing Iran

Book Review: After Progress – by Shane Simonsen

Egregious Inequality | Do the Math

The Bulletin: November 28-December 4

The Bulletin: November 28-December 4

Globalists Go For Broke: Plan To Trigger World War III Moves Forward – Alt-Market.us

Why Bunkers Won’t Save The Super Rich

Hydropower decline due to climate change may increase price tag to decarbonize the grid

Energy Crises & Global Power Shifts: The Struggle for Stability in Israel, Iran, and Beyond

The shocks that made me abandon the green movement

Exxon Pours Cold Water On Trump’s “Drill, Baby, Drill” Plans | ZeroHedge

The Dilemma and Conundrum of Predicaments

Landman | Tommy Explains Why Even Wind Turbines Depend on the Oil Industry (S1, E3) | Paramount+

Here’s Why We Could See a Big Pivot Away From the Green Scam Agenda

This Dystopia Depends On Hiding Inconvenient Truths

Bankers, Fed Origins, and World War I | Mises Institute

The Civilizational Hospice Protocol

Small Farming, Urbanisation, and Climate Migration

Is Modernity Killing Itself?

Depopulation: Are the World’s Elites Planning to Kill Us?

“No Way Out” – French Credit Risk Spikes After Le Pen Confirms Backing Of ‘No Confidence’ Vote | ZeroHedge

Oil Producers Block Binding UN Treaty To Curb Plastics

Green Energy vs. the Mojave Desert

Babson’s Warning – Doug Casey’s International Man

‘Censorship Is About Stopping Ideas’: Incoming FCC Chairman Brendan Carr Prepares For Battle | ZeroHedge

Are Stocks Poised to Crash 55% Soon? – by David Haggith

Bumblebee population increases 116 times over in ‘remarkable’ Scotland rewilding project

Rethinking Energy, Productivity, and the Illusion of Endless Growth | Art Berman

DIY Microplastic Removal From Water? Study Says Yes

The Looming Debt Crisis: Is America Following the Path of Collapsed Empires?

A Mind-Blowing Leap | Do the Math

How Climate Change Is Framed to Disempower You | by Joe Brewer | Dec, 2024 | Medium

Carbon Dioxide: The Wonder Molecule

Don’t Buy Into Phony Anti-Establishment Schtick

Iran Ready To Send More Troops To Syria, But This Could Trigger Deeper Israeli Entry | ZeroHedge

House Oversight Report Supports Chinese Lab Leak Theory For Covid-19 Origins

Existential Risks: The Biggest Threats to Life as We Know It

The Bulletin: November 7-13, 2024

The Bulletin: November 7-13, 2024

Thousands Of Californians Lose Power After PG&E Protects Grid As Wildfire Risks Soar | ZeroHedge

The Possible Relevance of Joseph Tainter – by Brink Lindsey

The Recession of 2025 Will Be Backdated | The Epoch Times

‘Ecosystems are collapsing’: one of Australia’s longest rivers has lost more than half its water in one section, research shows | Water | The Guardian

Do You Want Truth or Illusion?

Has the world ‘surrendered’ to climate change? These authors think so | CBC News

Here’s Why These Geopolitical and Financial Chokepoints Need Your Attention…

67 Reasons why wind turbines cannot replace fossil fuels | Peak Everything, Overshoot, & Collapse

Adapting For the End of Growth

All States are Empires of Lies | Mises Institute

It Is Time We Educate Children About The Coming Collapse – George Tsakraklides

What Kind of Society Will We Have?

We Are On the Brink Of An Irreversible Climate Disaster

Trump’s Three Arrows

What You Need To Know About Preparing For Emergencies

Can We Escape Our Predicament? – The Honest Sorcerer

Science Snippets: Buildings Collapsing Due to Climate Change

Surviving the Apocalypse: A Practical Guide to Modern Risks

The Politics of Collapse: uncommon conversations for unprecedented times – Prof Jem Bendell

Microplastics Could Be Making the Weather Worse | WIRED

Nuclear electricity generation has hidden problems; don’t expect advanced modular units to solve them.

Trump Inherits Turd of an Economy – Ed Dowd | Greg Hunter’s USAWatchdog

Amsterdam shows us just how brazenly the media rewrites history

Global Food Prices Re-Accelerate For Second Month As Situation Remains ‘Sticky’ | ZeroHedge

‘Nothing grows anymore’: In Malawi, eating becomes a daily struggle due to climate change

Financial Collapse Within 18 Months

Why Don’t We Just Build More Nuclear?

Buzzkill: The Alarming Impact of Light Pollution on Honey Bee Health

Understanding Energy Use: The Challenge Of Substituting Electrification

The Anxiety Economy

The Anxiety Economy

We’re told to stop being so darn negative even as the tsunami of inequality washes away the beach chairs of the bottom 90%.

The disconnect between the happy story of the economy is growing healthily, so all is well and the insecurity and stagnation experienced by the bottom 90% of wage earners has been widening since the wheels fell off in 2008. One would be forgiven for assuming that a smartly growing economy would increase the general sense of security and reduce the general awareness of precarity. But alas, this assumption is false: the sense of precariousness is rising as the sense of security has slid off a cliff.

Welcome to the Anxiety Economy, a term coined by longtime correspondent Bart D., who describes the term thusly:

“By my reckoning the Anxiety Economy is an adjunct to (and perhaps to some degree a product of) the Landfill Economy model.

There was a time when the economy was designed to provide surety and stability. Jobs were stable, opportunities to create increasing wealth (particularly small business creation) were uncomplicated and products were designed to be genuinely better and longer lasting with every iteration. I think this typified the late 1800s to the early 1970s.

Since the 1970s we’ve seen stable jobs drastically reduce along with the durability and usefulness of new product iterations and trying to comply with the massive regulatory burden of businesses as simple as washing dogs or growing vegetables has become mind bending and expensive.

We get bombarded in news and other media with stories of house fires, chronic illnesses and car crashes in places very far away and disconnected from us (interspersed with, and no doubt sponsored by, marketing for insurances of every kind) that make us feel that the risks we face of loss of assets and health are waaaay bigger than they actually are. So that we buy expensive insurances.

…click on the above link to read the rest of the article…

Economic Collapse is Stalking us Like Death

Economic Collapse is Stalking us Like Death

The exceptional degree to which the Fed has trapped itself (and all of us) in an economic death spiral is becoming evident everywhere now.

a black and white photo of a tree in a cemetery
Photo by Rob Martin on Unsplash

My longtime prediction that the Fed will not be able to kill inflation without destroying the economy is showing itself true in articles about hand-wringing from multiple directions today. The short of it is that the Fed either wins inflation but drives us deep into recession, or it rushes to bail out a collapsing economy but lights inflation fully back on fire again. Either route is bringing the collapse of the Everything Bubble that the Fed and multiple federal administrations created.

Let’s look at the concerns that are emerging from all over the financial realm in today’s news headlines to see what many are sensing and what the most reliable economic indicator is now screaming like a siren.

Most reliable recession timer redlines

Let’s begin with the “creator” of the very accurate “Sahm Rule, which says that, whenever the unemployment level rises 0.5% from its one-year low, we are plunging into recession, regardless of what low level of unemployment we start from. This indicator has never been wrong as a timer, and we are right there! However, we already also dealing with very broken labor indicators. So, maybe we are well past a 0.5% rise or maybe still a touch under. Who can know when even Jerome Powell has said the government’s labor numbers are clearly wrong and when CNBC took the rare step of saying they looked “cooked,” though it’s not clear that Powell knows by how much or in what direction? Just clearly they don’t add up, but that has been my major warning of peril for a couple of years now.

…click on the above link to read the rest of the article…

The Crises and Sacrifices Yet to Come

The Crises and Sacrifices Yet to Come

The timing of finally embracing risk and sacrifice as the only option left is exquisitely sensitive: finally caving in a moment too late leads to the system collapsing beyond recovery.

The sense that we’re approaching a tipping point into a crisis with no easy resolution is pervasive, a sense that beneath the veneer of normalcy (the Federal Reserve will lower interest rates and that will fix everything), we sense the precariousness of this brittle normalcy.

While many are uneasily scanning the horizon for geopolitical crises, others see the crisis emerging here at home, possibly a political crisis or a financial crisis that ensnares us all.

Few look at the decay of our social order as the source of crisis. Few seem to notice that corruption has become so normalized that we don’t even recognize the ubiquity and depth of our corruption; we tell ourselves that this isn’t corruption, it’s just healthy self-interest, the “invisible hand” of the market magically organizing our economy to optimize efficiency and productivity. This provides cover for our worship of self-interest, a polite phrase for limitless greed.

While the media glorifies illusions of salvation and grandeur (AI!), few look at what’s been lost in the decay of our social order, a list that starts with sacrifice for the common good and civic virtue.

The American Dream has a peculiarly truncated vision of sacrifice: we make individual sacrifices to advance our personal goals, but sacrifices for the common good are not part of the Dream: sacrifices for the sake of our fellow citizens are at best unnecessary and at worst a waste of money, something only chumps fall for.

…click on the above link to read the rest of the article…

Prepare for the Repricing of Risk Globally

Prepare for the Repricing of Risk Globally

There are no more “saves” available for the next market meltdown.

The past 24 years can be viewed as an era in which risk declined due to the dynamics of globalization and financialization.

The ascent of China as “workshop of the world” generated a deflationary wave of lower prices for products (due to lower labor costs and lower quality components) that blunted the inflationary impact of the global economies adding $150 trillion in debt since 2000. Global debt, public and private, now tops $315 trillion, 333% of global GDP.

Absent the deflationary impact of globalization, this vast increase in money sloshing around would have sparked inflation. Absent the vast expansion of money via financialization, the expansion of production and consumption enabled by globalization could not have occurred.

At the same time, central banks coordinated policies to steadily reduce interest rates, reaching effectively zero or negative rates (when adjusted for inflation) in 2009 and beyond. This reduction of rates far below historic norms enabled creditors to borrow more even as their debt service costs fell.

Financialization vastly increased leverage and the commodification of credit/debt, enabling emerging-market nations and enterprises and consumers globally to increase their borrowing/spending.

Globalization generated incentives for nations and their central banks to “play nice” and cooperate with other governments and banks to spur profitable (and happily deflationary) trade. These coordinated efforts enabled the global economy to avoid the potentially fatal disruptions of the Global Financial Crisis (GFC) in 2008-09.

Despite localized droughts and extreme weather, global food production increased by expanding land in production and intensifying agricultural methods.

All of these risk-reducing trends are reversing or reaching diminishing returns.

Extreme weather events are increasing, leading to massive losses by insurers, a trend described in As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose (New York Times)(seechart below):

…click on the above link to read the rest of the article…

10 Premises Behind Collapse 2050

10 Premises Behind Collapse 2050

What does “collapse” mean? What will the downfall of civilization look like? What am I suggesting people do? What if I’m wrong?

10 Premises Behind Collapse 2050
Photo by Yaoqi / Unsplash
People look at my username on Twitter or title of this website and jump to conclusions about the way I think. Some ‘get’ me straight away, while others formulate their own incorrect narratives.

What does “collapse” mean? What will the downfall of civilization look like? What am I suggesting people do? What if I’m wrong?

To better understand my thinking on collapse, read my 10 premises below and share your own in the comments.

Premise 1: Existential risks are converging

This is not just about rising CO2. There are converging crises driving collapse. The combination of climate change, ecological destruction, declining EROEI and AI will overwhelm civilization at some point.

Regardless of the cause, our fate ultimately comes down to our ability to grow food – something we have done for about 12,000 years under a stable climate. Agriculture requires predictability. Modern agriculture requires energy (transportation, mechanization, fertilizer). The poly-crisis is straining our ability to produce enough food to feed 8+ billion people.

AI is the wildcard, but it is emerging at such a speed that the risk of unpredictable damage is growing rapidly.

Note how I didn’t mention nuclear war or civil strife. While I believe these become more probable as the poly-crisis emerges, these are symptoms and not causes.

The Poly-Crisis
I’m afraid the best we can hope for now is to delay the inevitable and mitigate the consequences.

Premise 2: Collapse is a mathematical certainty

Collapse – however you define it – is almost a mathematical certainty at this point. The economic system, regulatory capture and individual behaviors are baked into the maintenance of civilization. Stepping back requires a decline in living standards, so few will voluntarily do so.

Importantly, the ‘math’ suggests a discontinuous change in the future, not the past. Those relying on civilization’s record of success – built on a temporary influx of high EROEI energy, no less – will miss the left turn as it approaches.

…click on the above link to read the rest of the article…

Global ‘Game Of Chicken’ Continues – MOAB >> NFP

Global ‘Game Of Chicken’ Continues – MOAB >> NFP

Today we will hit two topics, NPF and MOAB.

Let’s Start with NFP

About as good as it gets for the economy, not so good for Fed cuts.

Not only were the headline jobs better than the top estimates on Bloomberg (303k jobs). We also revised prior job reports up by 22k.

Wages are doing reasonably, with monthly wages coming in 0.3%.

What is most impressive to me is the unemployment rate coming down to 3.8%. That occurred while participation rate increased nicely. At 62.7%, it is just a smidge below the post covid high of 62.8%. The Household Survey (which is used for unemployment) added 498k jobs!

Definitely not “goldilocks” for the Fed, but good for the economy.

  • Yields should rise a bit and curves should be less inverted.
  • Stocks should probably react slightly negatively to the report as yields rise. But offsetting that yield rise is the sheer strength of the economy and the fact that the consumer should be in good shape.

What Does MOAB Have to do with Anything?

Nothing and everything. MOAB or Mother Of All Bombs isn’t front and center but Escalation and Expansion is. Thursday’s big drop in stocks was precipitated by fears that Iran was preparing to attack Israel. Part of why stocks were higher overnight and are still strong post NFP is because nothing happened overnight in terms of escalation and expansion (you can see that in oil too, which is hovering around unchanged).

We dealt with our thoughts on Hedging Geopolitical Risk at the start of the year and remain convinced of two things:

  • Long energy and energy stocks is the best hedge, since we like that sector already for a variety of reasons, and the next potential shoe to drop, would be cracking down on Iran’s 3.5 million barrels of oil being sold daily.

…click on the above link to read the rest of the article…

Report Warns Risk of Nuclear War At Its Highest Since US Nuked Japan

Report Warns Risk of Nuclear War At Its Highest Since US Nuked Japan

President Biden has recognized the risk of nuclear war but continues to escalate against Moscow

A Swedish group that assesses catastrophic risks warned in its annual report this year that the risk of nuclear weapons use is higher today than at any point since the US dropped nuclear weapons on Japan in 1945, AFP reported on Tuesday.

Kennette Benedict, an advisor to the Bulletin of Atomic Scientists who led the report for the Global Challenges Foundation, said the risk of nuclear war was greater than during the 1962 Cuban Missile Crisis.

The report warned that an all-out nuclear exchange would send enough dust in the air to block sunlight resulting in “a period of chaos and violence, during which most of the surviving world population would die from hunger.”

President Biden acknowledged the risk back in October when he said the chances of nuclear “armageddon” are higher today than at any point since the Cuban Missile Crisis. Despite his recognition of the danger of his policy of supporting Ukraine against Russia, Biden continues to escalate US involvement in the war, and there is no end in sight to the fighting.

Ukraine’s war effort is entirely reliant on Western support, and the US is not just sending weapons but also providing training, intelligence, and other kinds of targeting support. According to recent media reports, the Pentagon now tacitly backs Ukrainian strikes on Russian territory, and the CIA is directing sabotage operations inside Russia.

Russian officials have made clear that they believe they are not just fighting Ukrainian forces in the war but also the US and NATO. This means Russia has the pretext to launch strikes on the US and NATO, although there’s no sign that such a decision has been made.

…click on the above link to read the rest…

The Pursuit of Growth is a Disaster For Our Country and Our Planet

The Pursuit of Growth is a Disaster For Our Country and Our Planet

Poland’s central bank predicts double-digit inflation until 2024

Image: Poland’s central bank predicts double-digit inflation until 2024

(Natural News) The National Bank of Poland (NBP) has predicted that the Central European nation will be saddled with high inflation for the next two years.

According to the NBP, yearly inflation will hit 14.5 percent in 2022 and drop to 13.1 percent in 2023. Single-digit rates will only begin by 2024, when the country’s inflation is projected to decrease to 5.9 percent. The central bank’s inflation target of 2.5 percent is only expected to be accomplished in 2025.

Figures from Statistics Poland (GUS) showed that inflation in the country hit 17.2 percent in September, and increased to 17.9 percent in October.

The NBP also forecast a 0.7 percent growth in Poland’s gross domestic product (GDP) for 2022. Meanwhile, the GUS predicts a 1.4 percent GDP growth in 2023 and a flat two percent GDP growth in 2024.

Amid all these projections, economic activity in Poland is about to weaken because of the heightened uncertainty, a tightening of financing settings and the economy’s adjustment to higher commodity costs, according to the European Commission’s latest economic forecast.

“The Polish economy continued its upward trajectory in the first half of 2022, although a marked drop in inventories and investment led to a contraction in real GDP in the second quarter. Data on the real economy suggest that growth was at full steam in the third quarter, with industrial output and retail sales expanding at a solid pace. As a result, despite a deterioration in confidence indicators, the second half of the year is expected to see a relatively good performance, leaving annual real GDP growth in 2022 at a projected 4.0 percent,” the European Commission (EC) report said.

Increase in inflation due to rise in food and energy prices

As stated by the NBP’s November report on inflation, the present increase can be largely attributed to the rise in food and energy prices brought by the war in Ukraine and the enormous increase in money printing by global central banks during the Wuhan coronavirus (COVID-19) pandemic…

…click on the above link to read the rest…

If You Believe

IF YOU BELIEVE

If you believed they put a man on the moon
Man on the moon
If you believe there’s nothing up his sleeve
Then nothing is cool
REM – Man on the Moon

The REM song Man on the Moon, released in 1992, is a haunting melancholy tune, with Andy Kaufmann and his life and death as the focal point. For me, the lyrics always bring me back to the simpler time of my youth, when our antenna TV could get about eight channels, we had one rotary phone, one old used station wagon, lived in a row home, and a family of five could be raised on a truck driver’s income, with a stay-at-home mom.

It’s the references to the Game of Life, Risk, Monopoly, Twister, checkers, and chess, which invoke what we did for fun when we weren’t out riding bikes, playing stick-ball, roller hockey, or touch football in the streets. Were bad things going on in the world? Sure. The Vietnam War, Watergate, gasoline shortages and rationing, stagflation, and a myriad of other damaging challenges confronted the country, just as they always have throughout history.

One of the supposed historic moments in human history was the moon landing in July 1969, when I was six years old. I remember sitting on the floor in front of the TV and thinking how cool it was and how cool that I was allowed up at 11:00 pm to watch it. Another 600 million people were also watching. At the time, no one questioned what they were watching live on their TVs. It was the penultimate human achievement, with the goal set by JFK during Camelot before he was murdered by his own government, proving our technological superiority to the evil Soviets. To fail in this mission would have been too embarrassing to the leaders of our empire, only two decades into its infancy….

…click on the above link to read the rest…

U.S. Midwest may have summer power shortages for years

U.S. Midwest may have summer power shortages for years

June 10 (Reuters) – The power grid operator in the Central United States warned on Friday that problems it may experience keeping the lights on this summer could also occur during the summers of 2023, 2024 and beyond.

The region’s grid operator, Midcontinent Independent System Operator (MISO), has already warned of potential capacity shortfalls and other reliability concerns in parts of its territory this summer.

The northern and central regions are at “increased risk of temporary, controlled outages to preserve the integrity of the bulk electric system,” MISO has said.

MISO operates the grid for some 42 million people in 15 U.S. central states from Minnesota to Louisiana and the Canadian province of Manitoba.

On Friday, MISO released a survey showing it could have a potential capacity deficit of 2.6 gigawatts (GW) during the summer of 2023 depending on market responses over the next year.

One gigawatt can power about a million U.S. homes on average, but as little as 200,000 on a hot summer day.

MISO’s biggest problem is that demand was rising at the same time generation resources have declined due mostly to the retirement of coal and nuclear plants for economic or environmental reasons.

MISO said it may only have 119 GW of power resources available this summer to meet a projected peak demand of 124 GW.

For 2024 and beyond, MISO said “the capacity deficits are projected to widen … due to declining committed capacity and modestly growing demand.”

MISO officials were not immediately available to say what the grid would do to fix this problem.

Sarah Freeman, president of the Organization of MISO States and commissioner with the Indiana Utility Regulatory Commission, said in a statement: “States stand ready to work with MISO … to maintain reliability and resilience throughout this significant resource transformation.”

#231. Short and sharp

#231. Short and sharp

Might we very soon face a major financial crisis, at a scale exceeding that of 2008-09?

Are we heading for a global economic slump, or can current problems be explained away in terms of ‘non-recurring events’, such as the war in Ukraine?

Do the authorities have the tools and the understanding required to navigate the current economic storm? And what is the outlook for inflation?

These are valid questions, and I’m well aware that, whilst many visitors to this site are interested in economic principles, theory and detail, others prefer succinct statements of situations and prospects.

That’s understandable – these are deeply worrying times.

The aim with what follows is to (a) set out a brief summary of the economic and financial outlook, as seen through the prism of the SEEDS economic model, followed by (b) a succinct commentary on how these conclusions are reached.

Accordingly, what we might infer from these conditions is left for another day. Like me, you will have your own views on the political and other implications of what’s going on and what is to be expected, but the plan with this discussion is to stick to a strictly objective analysis of economic and financial conditions and prospects.

Data used here by way of illustration is a ‘top-line’ summary at the global level. We might, at a later date, look at some of this material in greater detail, and examine the circumstances of some of the 29 national economies modelled by SEEDS.

Where both the theoretical and the ‘succinctly-practical’ are concerned, urgency is being increased by what we can only call the ‘uncertainties and fears’ generated by current conditions.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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