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.
A recent report commissioned by the prime minister of Iceland lays bare in laymans’ terms the root causes of the 2008 collapse of the country’s banking system, the same set of core problems which permeate the rest of the monetary and banking systems of the world.
Forget about what you have been taught in economics classes on how money is created. This is how it really works in real life.
After a near death experience of its banking industry during the 2008 global financial meltdown, Iceland looks hard at the root causes of the crisis and contemplates the reset button to its monetary system, a system which shares the same characteristics and ills with the ones used by all major economies.
The capital of Sweden, which pioneered the concept of Vision Zero, an ambitious goal of having zero traffic fatalities, Stockholm has made much progress in transforming itself into a more walk-able and bike-able city with stimulating public places, as illustrated by this Streetfilms short film.
Geological consultant and expert in petroleum exploration and production explains in this video why the US has years, not decades of shale oil and natural gas, why the current price slump and where the industry is heading.
With the latest central-bank-gone-mad printfest otherwise known as quantitative easing from the European Central Bank, the financial world is firmly in the twilight zone. The extend and pretend strategy is pretty much on its last legs, and the monetary end game is now in sight.