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Olduvai III: Catacylsm
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Shale Euphoria: The Boom and Bust of Sub Prime Oil and Natural Gas

Shale Euphoria: The Boom and Bust of Sub Prime Oil and Natural Gas Those whom the gods wish to destroy they first send mad Introduction The aim of this article is to show that the shale industry, whether extracting oil or gas, has never been financially sustainable. All around the world it has consistently disappointed […]

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The Subprime Auto Loan Meltdown Is Here

The Subprime Auto Loan Meltdown Is Here Uh oh – here we go again.  Do you remember the subprime mortgage meltdown during the last financial crisis?  Well, now a similar thing is happening with auto loans.  The auto industry has been doing better than many other areas of the economy in recent years, but this […]

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Why Greece Is The Precursor To The Next Global Debt Crisis

Why Greece Is The Precursor To The Next Global Debt Crisis The Eurozone fantasy will be one of the early casualties The one undeniable truth about the debt drama in Greece is that each of the conventional narratives—financial, political and historical—has some claim of legitimacy. For example, spendthrift Greeks shunned fiscal discipline: here’s an account […]

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BREAKING BAD (DEBT) – EPISODE THREE

BREAKING BAD (DEBT) – EPISODE THREE In Part One of this three part article I laid out the groundwork of how the Federal Reserve is responsible for the excessive level of debt in our society and how it has warped the thinking of the American people, while creating a tremendous level of mal-investment. In Part Two I focused on […]

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Greece and Euroland’s Crumbling McMansion of Debt

Greece and Euroland’s Crumbling McMansion of Debt All the gimmicks lenders press on borrowers to maintain the artifice that the loan is being serviced are financial frauds. Sometimes the best way to summarize a complex situation is with an analogy. The Greek debt crisis, for example, is very much like the subprime mortgage crisis of 2007-08. […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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