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Tag Archives: Great Depression

  • Podcast

    Art Berman: Like It Or Not, The Future Remains All About Oil

    And competition for it is heating up
    by Adam Taggart

    Tuesday, January 23, 2018, 5:19 PM

    34

    Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil.

    After the price of oil fell from its previous $100+/bbl highs to under $30/bbl in 2015, many declared dead the concerns raised by peak oil theorists. Headlines selling the "shale miracle" have sought to convince us that the US will one day eclipse Saudi Arabia in oil production. In short: cheap, plentiful oil is here to stay.

    How likely is this?

    Not at all, warns Berman. World demand for oil shows no signs of abating while the outlook for future production looks increasingly scant. And the competition among nations for this "master resource" will be much more intense in future decades than we've been used to.

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  • Podcast

    David Stockman: We’ve Been Lied To, Robbed, and Misled

    And we're still at risk of it happening all over again
    by Adam Taggart

    Saturday, March 30, 2013, 4:42 PM

    19

    David Stockman, former director of the OMB under President Reagan, former US Representative, and veteran financier is an insider's insider. Few people understand the ways in which both Washington DC and Wall Street work and intersect better than he does.

    In his upcoming book, The Great Deformation, Stockman lays out how we have devolved from a free market economy into a managed one that operates for the benefit of a privileged few. And when trouble arises, these few are bailed out at the expense of the public good.

    By manipulating the price of money through sustained and historically low interest rates, Greenspan and Bernanke created an era of asset mis-pricing that inevitably would need to correct.  And when market forces attempted to do so in 2008, Paulsen et al hoodwinked the world into believing the repercussions would be so calamitous for all that the institutions responsible for the bad actions that instigated the problem needed to be rescued — in full — at all costs. 

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  • Blog

    Daily Digest 11/23 – ‘Coal War’ with Beijing, Praise for Oil Spill Response, Siberian Ice Leak

    by DailyDigest

    Tuesday, November 23, 2010, 4:00 PM

    0
    • ‘Coal War’ with Beijing Next Hit on U.S. Economy
    • Fed’s Hidden Agenda of Driving U.S. Into a Second Great Depression
    • The Just-in-Time Consumer
    • When Irish Banks are Ailing
    • Stocks Fall on Korea Clash, Europe Debt, China Lending; Dollar Strengthens
    • BP, Government Praised for Inventive Response to Oil Spill
    • Leaking Siberian Ice Raises a Tricky Climate Issue

    Get started building resilience into your life with our ‘What Should I Do?’ guide

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  • Blog

    Pompous Prognosticators

    by Chris Martenson

    Wednesday, April 2, 2008, 3:45 PM

    0

    Below, I’ve liberally excerpted from an article I read a couple years back that always stuck with me.

    Since our challenge today is to know
    whom to trust and which story to believe, I thought I’d bring this one
    back to the forefront, because the parallels are so striking between
    the late 1920’s and now.

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  • Blog

    USA 2008: The Great Depression

    by Chris Martenson

    Tuesday, April 1, 2008, 3:01 PM

    0

    On the one hand, the stock market continues
    to climb against all odds….on the other hand, record numbers of
    Americans are bankrupt, in foreclosure, receiving food stamps, or all
    three.

    Read More »