Barck Obama didn't jail a single banker. So seeing how he won't pardon Edward Snowden, why not show his true mettle by pardoning Bernie Madoff?
Austerity and "Grexits" are only going to result in more and more people getting triaged from the industrial economy and, no less, from such basics as food. The alternative? Gretaway!
Since money is a proxy for energy, energy's limits are putting a damper on credit creation. Could this be the cause for plunging stock markets and oil prices?
The convention says that the supply constraints of peak oil lead to an increase in oil prices. But when you factor in fractional-reserve banking, does this not instead imply a decrease in prices?
A recent crowdfunding campaign to bail out Greece does little more than obfuscate the role that energy shortages play in Greece’s systemic collapse.
Bail-outs are out and bail-ins are in, the fast-track method for triaging the early "losers" from the collapse of industrial civilization.
What Greece (and the rest of the world) is short on isn't money. It's short on energy. And because of the musical chairs game of fractional-reserve banking and interest-bearing debt, Greece is just the first in a long line of inevitable "losers."
Tough or as inconvenient as it may be, one can live without money. But you can't live without energy. In short, money at its core is a proxy for energy.
Try following the energy instead of the money and you might come upon something quite different. (For one, that following the bursting of the fracking bubble may be the inflation, and then bursting, of the alternative energy bubble.)
The price of oil's been crashing, and no one's cutting back production to bring up prices. Could this be a death knell for the U.S. fracking industry, and possibly even a disaster for the world economy?