Blog en Energy & The Economy - Crash Course Chapter 22 ]]><p>In the past few chapters on&nbsp;<a href="" target="_blank">Energy Economics</a>,&nbsp;<a href="" target="_blank">Peak Cheap Oil</a>, and the false promise of&nbsp;<a href="" target="_blank">Shale Oil</a>, we&#39;ve gone into great detail to show how our economic growth is deeply dependent on our energy systems.</p> <div> <p>Understanding the known facts behind this story, as well as each of the stated risks is what <a href="" target="_blank">The Crash Course</a> is about: assessing those risks and deciding what, if anything, a prudent adult should do about adapting to these realities and facing these risks.&nbsp;</p> <div>&nbsp;</div> </div> <p><a href="" target="_blank">read more</a></p> Blog Chris Martenson Crash Course economic growth economics economy energy peak oil shale oil Sat, 22 Nov 2014 01:17:39 +0000 Adam Taggart 89081 at Shale Oil - Crash Course Chapter 21 ]]><p class="p1">If you&#39;ve watch the previous video chapter on&nbsp;<a href="" target="_blank">Peak Cheap Oil</a>,&nbsp;you may be wondering how any of that could be still be true given all the positive recent stories about shale oil and shale gas , many of which have proclaimed that &ldquo;Peak Oil is dead&rdquo;.</p> <p class="p1">The only problem with this story is that it is misleading in some very important ways. And entirely false in others.</p> <p><a href="" target="_blank">read more</a></p> Blog Bakken Barnett Shale crude oil Eagle Ford energy EROEI Fracking net energy peak oil petroleum saudi arabia shale gas shale oil Fri, 14 Nov 2014 23:38:42 +0000 Adam Taggart 88873 at The Consequences of a Strengthening US Dollar ]]><p>In early September, I made the&nbsp;<a href="" target="_blank">case for a rising U.S. dollar</a>.&nbsp;Since then the dollar has continued its advance, and is now breaking out of a downtrend stretching back to 2005&mdash;and by some accounts, to 1985.</p> <p>So what does this mean for the global economy?</p> <p><a href="" target="_blank">read more</a></p> Blog capital flows Charles Hugh Smith China credit currency debt deflation dollar economy Euro Fed Federal Reserve inflation Japan money QE quantitative easing Yen Wed, 12 Nov 2014 15:21:52 +0000 charleshughsmith 88728 at Peak Cheap Oil - Crash Course Chapter 20 ]]><p>Energy is the lifeblood of any economy.&nbsp; But when an economy is based on an exponential debt-based money system and&nbsp;<em>that</em>&nbsp;is based on exponentially increasing energy supplies, the supply of that&nbsp;<em>energy</em>&nbsp;therefore deserves our very highest attention.</p> <p>What&rsquo;s clearly at work here is that we&rsquo;re finding more oil, but it&rsquo;s expensive. Yet total global demand for oil will climb as developing countries expand their economies and world population continues to grow. Competition for hydrocarbons will become more fierce than it has ever been.</p> <p><a href="" target="_blank">read more</a></p> Blog Admrial Hyman Rickover bell curve James Howard Kunstler Kenneth Deffeyes M. King Hubbert Matt Simmons net energy peak cheap oil peak oil petroleum richard heinberg Robert Hirsch shale oil Thom Hartmann Fri, 07 Nov 2014 23:31:45 +0000 Adam Taggart 88677 at Central Planners Are In A State of Panic ]]><p>Everything the central planners have tried has failed to bring widespread prosperity and has instead concentrated it dangerously at the top.&nbsp; &nbsp;Whether by coincidence or conspiracy, every possible escape hatch for 99.5% of the people has been welded shut.&nbsp; We are all captives in a dysfunctional system of money, run by a few&nbsp;<em>for</em>&nbsp;the few, and it is headed for complete disaster.</p> <p>To understand why, in all its terrible and fascinating glory, we need look no further than Japan.</p> <p><a href="" target="_blank">read more</a></p> Blog black swan BOJ central banks Chris Martenson ECB Fed Federal Reserve interest rates Japan Thu, 06 Nov 2014 13:36:38 +0000 cmartenson 88617 at Off the Cuff: Japanese Central Bank Throws Granny Under The Bus ]]><p style="font-size: 12.7272720336914px;"><span style="font-size: 12.7272720336914px;">This one was so good, we&#39;re making it public! &nbsp;</span></p> <p style="font-size: 12.7272720336914px;">In this week&#39;s&nbsp;<em>Off the Cuff&nbsp;</em>podcast, Chris and Mish&nbsp;Shedlock&nbsp;discuss:</p> <ul style="font-size: 12.7272720336914px;"> <li style="line-height: 19.5px;">The expected but shocking Japanese central bank decision</li> <li style="line-height: 19.5px;">Increasing central bank desperation</li> <li style="line-height: 19.5px;">How central banks&nbsp;transfer wealth from the masses to the few</li> <li style="line-height: 19.5px;">The impact on gold and silver prices</li> </ul> <p style="font-size: 12.7272720336914px;"><strong>Summary:</strong>&nbsp;&nbsp;In this podcast Chris and Mish let their guard down and say a few choice words about the actions of central banks that obviously and seriously harm average people all in&nbsp;the service of assuring that banks and governments can continue to operate as they have in the past.</p> <p><a href="" target="_blank">read more</a></p> Blog Bank of Japan Japan Markets Mish Shedlock Off The Cuff Fri, 31 Oct 2014 19:09:23 +0000 cmartenson 88532 at About that Shale Oil 'Miracle'… ]]><p>It&#39;s been said that humans are rational<u><em>izing</em></u>&nbsp;--&nbsp;not &#39;rational&#39; -- animals. The deep truth in that statement is that we humans have strongly-held beliefs that color the information we take in an accept. We&#39;re often guilty of recognizing only the data that supports those beliefs while rejecting the rest.</p> <p>For example, today most people place a great deal of faith in the potential for technology to fix whatever predicaments society may face in the future. And they support that view with cherry-picked data, while conveniently overlooking evidence suggesting technology is instead a sword with&nbsp;<em>two</em>&nbsp;edges.</p> <p><a href="" target="_blank">read more</a></p> Blog energy oil oil price petroleum propaganda shale shale oil Wall Street Journal WSJ Tue, 28 Oct 2014 12:16:27 +0000 cmartenson 88437 at Energy Economics - Crash Course Chapter 19 ]]><p>The central point to this latest video is this: as we&rsquo;ve shown in previous chapters of the Crash Course, our global economy depends on continual growth to function. And not just any kind of growth; but&nbsp;<em>exponential</em>&nbsp;growth.</p> <p>But in order to grow, it must receive an ever-increasing input supply of affordable energy and resources from the natural world. What I&rsquo;m about to show you is a preponderance of data that indicates those inputs will just not be there in the volumes needed to supply the growth that the world economy is counting on.</p> <p><a href="" target="_blank">read more</a></p> Blog economics energy energy cliff EROEI ethanol nuclear energy oil peak oil population shale oil solar tar sands wind energy Fri, 24 Oct 2014 23:45:38 +0000 Adam Taggart 88380 at Why Gold Is Undervalued ]]><p>Gold has been in a bear market for three years. Technical analysts are asking themselves whether they should call an end to this slump on the basis of the &quot;triple-bottom&quot; recently made at $1180/oz, or if they should be wary of a coming downside break beneath that level. The purpose of this article is to look at the drivers of the gold price and explain why today&#39;s market value is badly reflective of gold&#39;s true worth.</p> <p><a href="" target="_blank">read more</a></p> Blog Alasdair Macleod China deflation dollar gold inflation money reserve currency Russia Wed, 22 Oct 2014 16:31:32 +0000 Alasdair Macleod 88268 at How The Federal Reserve Is Purposely Attacking Savers ]]><p>There&#39;s something we &#39;regular&#39; citizens wrestle with that the elites never seem to:&nbsp;<em>a sense of moral duty</em>.</p> <div>In a perfect world, we&nbsp;<em>would</em>&nbsp;honor our debts and obligations, every one of us. But the world is an imperfect place ,and moral obligation is something that almost never enters into the decision matrix of our society&#39;s richest. Or the banking industry.</div> <p><a href="" target="_blank">read more</a></p> Blog banking central banks credit debt Fed Federal Reserve financial repression housing Janet Yellen money mortgage short sale Mon, 20 Oct 2014 16:36:29 +0000 cmartenson 88227 at