The Coming Fall of the House of Saud: Austerity is in, and the Countdown to Saudi Arabia's Fire Sale is On! [part 2/2]

With austerity policies sweeping the globe it was really only a matter of time before they hit the more affluent parts of the Middle East, although one certainly wouldn't expect the oil-rich kingdom of Saudi Arabia to be so hot on the heels of the "lazy" Greeks. The word "austerity" has however earned a bit of a bad rap with some and so rendered itself rather unfashionable in certain circles, resulting in no astute leader being daft enough to explicitly impose "austerity" on his or her populace. Nevertheless, when your nation's time has come it doesn't matter what kind of

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Peak Oil Ass-Backwards: Forget Austerity and Grexit – it's Time for a Gretaway! [part 3/3]

So here we are on this precipice of sorts, staring upon the twilight of the industrial economy due to peaking energy supplies and thus peaking credit supplies (as explained in part 2 of this 3-part series).

Simply put, being on the peak oil plateau, and with fossil fuel supplies in general reaching their limits (and getting more expensive to extract), there's going to increasingly be less and less of the stuff to go around. This means one of two things, the first being that what's left gets spread around thinner and thinner between all the participants. However, since people of

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Is Greece Planning to Print Energy?

Over the past couple of months the story keeping many people on the edge of their seats has been the ongoing dilemma of Greece's detested debt burden, its Great Depression-worthy 25% contraction of its economy, and its voluntary or even forced withdrawal from the eurozone – the fabled "Grexit."

For about five years now, heavy austerity policies (cutbacks in government spending) have contributed to what is being described by some as a "humanitarian crisis." As per stated in the conditions of €240 billion in loans that Greece has received over these years, the Greek government has had to significantly cut back

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