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Ocean Acidification: An Ecological Nightmare

A far as global crises go, it's a doozy
Monday, April 13, 2015, 8:10 PM

The oceans are facing numerous difficulties including pollution (especially from farm run off), over-fishing, and dragnet methods that ruin innumerable other things besides the targeted catch -- but all of that pales in comparison to the problem of ocean acidification. » Read more


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Steve Keen: The Deliberate Blindness Of Our Central Planners

Choosing to ignore the largest risks
Sunday, March 29, 2015, 11:20 AM

The models we use for decision making determine the outcomes we experience. So, if our models are faulty or flawed, we make bad decisions and suffer bad outcomes.

Professor, author and deflationist Steve Keen joins us this week to discuss the broken models our central planners are using to chart the future of the world economy. » Read more



Neil Howe: What To Expect From The Fourth Turning We're Now In

More centralized control, crisis & conflict
Sunday, March 15, 2015, 11:58 AM

Fourth turnings are characterized by a growing demand for social order, yet supply of it remains weak. The emergence of the surveillance state, a perpetual war machine, increased intervention in the markets by the central planners, greater government control of critical systems like health care and the Internet -- all of these are classic signs that we are well into a fourth turning now. » Read more


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The Approaching Great Unraveling - Are You Prepared?

Greece is just the start of the global insolvency crisis
Thursday, February 5, 2015, 3:54 PM

Executive Summary

  • Which countries are next in line to "go Greek"?
  • Which major countries will be hit by deflation next? Which will instead see massive inflation?
  • How individuals should start preparing
  • Why huge massive losses and wealth transfer are inevitable for many

If you have not yet read Part 1: Greece Exposes The Global Economy's Achilles Heel, available free to all readers, please click here to read it first.

At a high level, the suite of predicaments we face are as obvious as they are serious. 

Perhaps the largest predicament we face is that infinite economic growth on a finite planet is an impossibility and yet that's exactly what our monetary and banking systems require.

Not merely because the bankers and politicians want it, which they do, but because that's how the system itself is designed.  When you loan money into existence, you get an exponential increase of that money over time.  Actually you get an exponential increase in debt too, only at a faster pace which translates into larger quantities.

For as long as debts are growing at an exponential pace, everything is fine with the world, the economy hums along, politicians get re-elected and the big banks churn out profits year after year.

However, when the debt growth stops, financial panic sets in, the banking system threatens collapse, and the fiscal and monetary authorities pull out all the stops in their efforts to prevent these various ills from getting any worse.

What the political and banking folks are desperately seeking to prevent is nothing less than a Great Unraveling.

Their task is impossible.

The Great Unraveling will be a set of related economic and financial crises that end up taking inflated expectations and reducing them to match reality.  Perhaps this process will take years, or maybe it will take decades, or maybe it will take months.  Nobody knows.  But the longer that... » Read more



Deflation Is Still Winning!

OK, folks: this is it
Monday, December 15, 2014, 8:20 PM

As we've written on and warned about before, deflation is winning.  We're starting to see very serious cracks in the façade, beginning with oil, then various peripheral currencies -- especially from emerging market oil exporters -- and now equities. » Read more



Deflation Is Winning

And central banks are running scared
Wednesday, December 10, 2014, 10:21 AM

Remember in the early part of the last decade, long before he was appointed the Chairman of the Federal Reserve, Ben Bernanke penned an article that caught widespread public attention entitled, “Deflation: It Can’t Happen Here” ?

Bernanke was referring to the deflationary pressures Japan had been dealing with for more than a decade. In the article, Bernanke laid out a game plan for how the Fed would respond if the US ever faced deflationary pressures. His miracle antidote for battling deflation? Printing money. Lots of it.

Little did anyone know at the time that this game plan would become the Fed’s exact response to the credit market crisis and deflationary impulse that erupted in 2008 and 2009. » Read more



Attempting To Sustain The Unsustainable

Only makes the inevitable crash worse
Monday, September 29, 2014, 7:32 PM

The general theme of the 2008 financial rescues engineered by the world's central banks was: Do more of the same.

The same things that got us into trouble -- namely too much debt and increasingly expensive energy -- simply increased after the 2008 crisis.

By a lot. » Read more


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Where To From Here?

An analysis of the good, the bad & the ugly
Wednesday, September 3, 2014, 12:02 AM

The financial markets were certainly correct in dismissing that rather abysmal first quarter 2014 GDP print, no?  After all, the current 4.2% GDP growth snapback revision in Q2 is proof positive Q1 was just a one-off fluke. Right?

The fact is: for a good five years now, economic pundits have been both hoping for, and then repeatedly disappointed by, the US economy's inability to achieve "escape velocity”.

So what lies ahead for the US economy? And for the financial markets? Are things going to get better or worse from here? » Read more


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Warning: Ukraine Is At A Flashpoint

The stability between Russia & the West is failing
Sunday, May 4, 2014, 12:16 AM

Regrettably I am very close to issuing an official Alert over the situation in Ukraine.  The situation has continued to both escalate and deteriorate and more than 50 people died on Friday, May 2 in violence in Odessa and other eastern cities in Ukraine.  Relations between Russia and the US are finding new lows while China and Russia grow closer. 

For those living in Europe who are exposed to the possible fallout that would result from the loss of supplies of Russian energy, the time to begin your preparations is right now. » Read more



How This Situation Can Quickly Get Much Worse

We're teetering on a very slippery slope towards war
Sunday, May 4, 2014, 12:16 AM

Executive Summary

  • Why the US' antagonistic approach towards Russia is likely to backfire big time, in both the near and long term
  • How, by definition, the West has already initiated economic warfare against Russia
  • Why things will get very bad in a hurry for the West if Russia reacts by re-directing its energy exports 
  • And how things could get much worse indeed, for everyone, if this conflict erupts into a military confrontation

If you have not yet read Warning: The Ukraine Is At A Flashpoint, available free to all readers, please click here to read it first.

Poking The Bear

And that finally brings us to Russia, which has a long and complicated history with Ukraine. There are many Russian speaking people in the Ukraine, for whom Russia feels somewhat protective, as perhaps US citizens in Canada or Mexico might expect from the US.

Further, Russia quite rightfully feels that it is being systematically surrounded and cornered by the NATO military structure and they might reasonably ask themselves why and for what purpose(s)?  There are probably other ways to look at this, but it's certainly reasonable to think that Russia might feel just the tiniest bit provoked, if not threatened, at the West's obvious efforts to get Ukraine to join up with NATO.

Instead of sitting down with Russia to try and hammer things out, the US resorted almost immediately to a series of sanctions targeted at Russian individuals and companies, as well as the Russian stock and bond markets, with the intention of creating economic and financial hardship that would get Russia to leave Ukraine to the west.

Here are a few of the efforts so far... » Read more