Get Ready For Sky-High Taxes

As the pie shrinks, the taxman will grab for more
Tuesday, May 12, 2015, 9:39 AM

At some point in the arriving future, there’s plenty of economic pain coming either to the taxpayers when the I.O.U.s come due, or to the hopeful retirees to whom much has been promised. » Read more


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Europe's Next Energy Crisis Is Now Assured

China takes more & more of the gas that once went to Europe
Monday, November 10, 2014, 11:25 PM

Today, Russia inked a second blockbuster deal with China that will starve Europe for natural gas in just a few short years. It's now increasingly clear that 2018 will mark the beginning of the end for any hopes Europe had of returning to robust economic growth.

It was by far the biggest news of the day. While it did make headlines, you might have missed it because not much was made of the affair beyond the announcement.  The story came and went as if Russia has oodles of natural gas (NG) to send to China.

It doesn't. And the supplies it has now contracted to send to China will be pulled from supplies that currently go to Europe. » Read more



Off the Cuff: Warming Up The Helicopters

Yes, they're now talking about giving cash to citizens
Tuesday, September 2, 2014, 8:58 AM

In this week's Off the Cuff podcast, Chris and Mish discuss:

  • Winter Is Coming
    • Russia's trump card
  • Europe Back In Recession
    • The EU's structural weaknesses are re-emerging
  • Bond Market Madness
    • Risk is terribly underpriced right now
  • Helicopter Drop Trial Balloon
    • Yes, they're now talking about giving cash to citizens

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Ukraine: A Perspective from Europe

The West's power & influence is on the wane
Wednesday, August 20, 2014, 10:54 AM

It is still a mystery to many historians as to how and why this World War I led to the slaughter of nine million people. But analysis of different parties to the original event, pursuing their own vested interests without a grasp of the bigger picture, certainly rings true of the Ukrainian situation today with regards to the West, embodied in a disparate committee called NATO. The similarity with the chaotic diplomacy that led to WW1 stops there: Russia under Vladimir Putin’s leadership appears to have a good grasp of its objective. » Read more



On the Path To War

Putin plays chess, the "markets" play Tic-Tac-Toe
Monday, August 11, 2014, 6:25 PM

The US is clearly now pushing Russia towards war. But if you read the signs correctly, Russia has been preparing for exactly this outcome for many years.

Out of several reasons that US power brokers specifically -- but western power brokers more generally -- are deeply unhappy with Russia right now is that Russia is committing a cardinal sin: it is openly, brazenly calling for an end to dollar dominance and has moved aggressively with China to achieve that aim. » Read more



The US Shale Oil Miracle Disappears

The Monterey formation was just downgraded by 96%
Wednesday, May 21, 2014, 8:02 PM

The US shale oil "miracle" has about as much believability left as Jimmy Swaggart. Just today, we learned that the EIA has placed a hefty downward revision on its estimate of the amount of recoverable oil in the #1 shale reserve in the US, the Monterey in California.

As recently as yesterday, the much-publicized Monterey formation accounted for nearly two-thirds of all technically-recoverable US shale oil resources.

But by this morning? The EIA now estimates these reserves to be 96% lower than it previously claimed. » Read more

Featured Discussion

A 'Very Dangerous Game'

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A 'Very Dangerous Game'

Chris opines on the West's risky stance on Russian gas


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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


Growth is Obsolete

Society needs to realize growth does not equal prosperity
Tuesday, October 15, 2013, 7:19 PM

Despite the wishful thinking and happy-talk propaganda lighting up the media-space, we have arrived at the problematic point of the story: the end of cheap oil. The sad, stark fact is that oil is now too expensive to permit further expansion of economies and populations.  » Read more