Texas has decided to build the first state level gold depository, casting a most tangible vote of no confidence yet on a monetary world careening towards a reset and where possession is the ultimate insurance in a world of re-hypothecated ownership.
Hit by the global banking crisis in 2008, Iceland took a drastically different path from the rest of the Western economies captured by banking interests. Six years later the country stands to show the world what success looks like by doing the right thing.
Google’s first driverless car report offers interesting insights into the rapidly evolving technology trend of autonomous vehicles. The future of robo cars, however, is already here.
Lured by no-money-down and an immediate boost in property tax revenue, a city often approves development projects which end up with negative returns down the road. This concept only becomes obvious after digging into the income and expenses over a lifecycle of a project.
After raining on the EIA’s Monterey shale oil parade resulting in the department’s subsequent jaw dropping 96% sobering haircut of the formation’s oil reserve, David Hughes, in Drilling Deeper and its latest updates, further challenges the EIA’s tight oil and shale gas production predictions.
Austria will enact bail-in rules in July. Bank deposits will no longer be guaranteed.
The repressive interest rate policy of the Fed drove stupid money into the tight oil industry, the commercial viability of which is at best questionable at the price of oil much higher than the current level.
Ellen Brown outlines how a country abdicates its judicial function to corporate lawyers and its legislative function to multinational corporations under the TPP ISDS.
A recent 2.5-hour solar eclipse over Europe had the equivalent effect of shutting down a medium size power plant every minute for a full hour and turning them back on at the same rate, resulting in a major stress test to the continent’s power grids.
The possible outcomes to the monetary end game and the subsequent reset range from tolerably painful to devastating hardship and chaos. Part 3 of this series examines one which sits on the hit-me-gently end of possible monetary reset scenarios championed by a most unexpected tiny island nation of Iceland.