Neither Crowdfunding, Nor Oxi, Nor Anything Else Can Stave Off Greece's Systemic Collapse

In case you missed the media hubbub, a one-week Indiegogo crowdfunding campaign was started back on June 29th with the goal of raising €1.6 billion to pay off Greece's most recent debt repayment and set it back on the road to prosperity. The campaign of course came nowhere near the repayment amount, and although it amassed a massive reaction across the Internet, it barely made it past the 0.1% mark of its goal – €1,930,366. But seeing how it had no realistic chance of achieving its goal in the first place, it's inherent that its failure isn't

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We Are All Now Cypriots-to-be in the New Age of Bail-Ins

According to the mostly ignored and hardly covered piece of news from a couple of weeks ago, it turns out that 11 of the 28 European Union countries have been scolded by the European Commission for failing to implement a new set of rules intended to prop up failed banks. Known as the Bank Recovery and Resolution Directive (BRRD), the stated purpose of the newly required rules is to purportedly protect taxpayers from having to cover the losses of any possible future bank failures, similar to the failures that occurred back in 2008. Taking the place of the more conventional

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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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Money: The People's Proxy (for Energy)

In my previous post I drew some parallels between energy and money – and more specifically, energy and banking – and pointed out that when money is at stake, the presence of energy is likely lurking somewhere in the shadows. It was mostly hypotheses and observations I was throwing around about energy and banking, but when it comes to energy and money, one can hardly overstate the connection.

Take an Economics 101 class, however, and not only will it be very unlikely that you'll ever hear of energy mentioned in a context besides that of a random commodity within the supply and

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Follow the Energy to Find the Money

While the phrase "follow the money" is common parlance in progressive circles these days, a more relevant line of investigation for these peak oil times of ours might be, I think, "follow the energy."

For as it is, the suggestion of "following the money" generally refers to something like following the trail of bread crumbs all the way to where the buck stops, one eventually coming upon a conniving band of so-called "one-percenters," conveniently deemed as being responsible for all the evils in the world. However, if one tries "following the energy," the conclusions and perspectives drawn can be quite

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