User login

Economics

Daily Digest 7/13 - Alaska's Climate Refugees, The Really Big One

Chris Martenson - July 14, 2015 - 07:45
  • King World News: Egon von Greyerz Interview
  • Greek debt crisis: Goldman Sachs could be sued for helping hide debts when it joined euro
  • A Huge Deal
  • The Moment for Criminal-Justice Reform?
  • The Multi-Trillion Dollar Oil Market Swindle
  • Science says no impacts from Shenhua mine: Baird
  • The Really Big One
  • Alaska's Climate Refugees

Join the conversation »

Categories: Economics

Chicken Coop Enhancements

Chris Martenson - July 13, 2015 - 17:40

Some good videos and ideas for improving the function and maintenance of your backyard chicken coop.

http://www.mattcole.us/chicken-coop-ideas-ehancements/

Join the conversation »

Categories: Economics

Greece Humiliated

Chris Martenson - July 13, 2015 - 16:50

Well, that went badly. For the Greeks in general and for Tsipras specifically. After many years and rumors and brinksmanship, and a powerful "No" referendum from the people of Greece, Tsipras managed to ‘secure’ for Greece a deal worse than any other offered to date.

Join the conversation »

Categories: Economics

16 Tips to Crowdfund a Tool Library In Your Town

Shareable Magazine - July 13, 2015 - 07:30

Tool libraries are much-loved community resources, and for good reason: they expand access to tools, save members money, and strengthen relationships between neighbors.

However, they aren't easy to start, but that's changing. New fundraising, social media, and inventory management tools are making it easier to start, promote, and manage them. Crowdfunding is emerging as a powerful way to start or expand a tool library.

Categories: Economics

Repairing Our Broken Economy Through Community Wealth Building

Shareable Magazine - July 13, 2015 - 06:56

In 2013, Boeing threatened to move production of its new airplane out of Seattle if it didn’t receive the government handouts it wanted. The deal, which was the largest state tax break in U.S. history, squeezes $8.7 billion in tax breaks out of the state. As one Seattle councilperson said, “The company held not only Boeing workers, but the entire state’s economy hostage...to their endless desire for profit.”

This is just one example of how economic development is broken, driven by large corporations focused on maximizing shareholder profits at the expense of all else.

Categories: Economics

Daily Digest 7/13 - Policy Extremes Maintain Illusion of Stability, What To Know About Puerto Rico's Debt Crisis

Chris Martenson - July 13, 2015 - 06:47
  • Greek crisis: surrender fiscal sovereignty in return for bailout, Merkel tells Tsipras
  • America, We Have A Problem
  • Policy Extremes Maintain Illusion of Stability: Charles Hugh Smith
  • Everything you should know about Puerto Rico’s debt crisis
  • China’s Incendiary Market Is Fanned by Borrowers and Manipulation
  • EIA Confirms: Oil Production Peaked
  • Water is a precious commodity, but B.C. is just giving it away
  • Alaska Starts Cleaning Up Debris From Japan Spread by 2011 Tsunami

Join the conversation »

Categories: Economics

Olivier Garrett: Buying Gold & Silver

Chris Martenson - July 12, 2015 - 09:34

With financial markets becoming increasingly volatile (the Shanghai Composite's loss of over $2 trillion in the past month, anyone?), along with growing global economic instability and currency risks, we think it time to reiterate more loudly our core belief that everyone should own some precious metals.

Join the conversation »

Categories: Economics

Daily Digest 7/11 - A Growing Hush In China's Economy, Are Big Banks Suppressing Bullion Prices?

Chris Martenson - July 11, 2015 - 08:47
  • Greece Financial Crisis Hits Poorest and Hungriest the Hardest
  • Are Big Banks Using Derivatives To Suppress Bullion Prices?
  • Gerald Celente: Greek Crisis, Gold and Geopolitics
  • China, Greece and the NYSE: Black Swans or Red Flags?
  • What it’s like to actually eat the food in Oakland County Jail
  • Signs of a Growing Hush in China’s Economy
  • Airbus e-Fan electric plane successfully crosses the English Channel
  • Scientists have discovered that living near trees is good for your health

Join the conversation »

Categories: Economics

Why Greece Is The Precursor To The Next Global Debt Crisis

Chris Martenson - July 10, 2015 - 08:48

There is no way for Greece to fix its debt problem if it keeps the euro as its currency.  Every purported solution that doesn’t address the core cause of the debt is mere theater.

Join the conversation »

Categories: Economics

More Sovereign Defaults Are Coming

Chris Martenson - July 10, 2015 - 08:47
Executive Summary
  • Energy plays a key role in sovereign economic (un)sustainability
  • The export boom is imploding
  • The neofeudal model is collapsing as 'serf' nations enter default
  • Take preparation now, while it still matters

If you have not yet read Part 1: Why Greece Is The Precursor To The Next Global Debt Crisis available free to all readers, please click here to read it first.

In Part 1, we examined the core dynamics that expanded Greek debt to its current unmanageable size—currency/trade deficits and bailouts—and the enormous transfer of private bank debt to the public ledger via the Troika bailouts, only 10% of which trickled down to the Greek people.

There are two other dynamics beneath the surface theater, dynamics which are not unique to Greece but are characteristic of the most heavily indebted nations.

Food and Fuel Imports Drive Structural Imbalances and Debt/Currency Crises

In our recent podcast, Chris mentioned this chart of imported energy by nation. Note that the nations with crushing structural debt loads (the so-called PIIGS—Portugal, Ireland, Italy, Greece and Spain) also happen to be major importers of energy.

What does this have to do with Greece’s debt crisis? Let’s go back to the key driver of Greek debt—imports that far exceeded exports, not occasionally but structurally, year in and year out.  Money was borrowed to pay for those imports, interest accrued on the loans and then austerity was pressed on the debtor nations by the lenders as a means of extracting interest on the rising debts.

If a nation does not generate a significant percentage of its own energy and food needs, or export enough goods and services to offset its imports of energy and food...

Join the conversation »

Categories: Economics

Daily Digest 7/10 - How To Outsmart FATCA, Can Jets Be Fueled With Household Garbage?

Chris Martenson - July 10, 2015 - 07:30
  • The shift of Australia's economy in one painful chart
  • How to Outsmart FATCA
  • To slash the amount of money spent on homelessness, just give homes away
  • OPM Announces More Than 21 Million Affected by Second Data Breach
  • When the End of Human Civilization Is Your Day Job
  • Why the Great Glitch of July 8th Should Scare You
  • Can Commercial Jets Be Fueled With Household Garbage?
  • Tomorrow an electric plane will fly the English Channel for the first time

Join the conversation »

Categories: Economics

Off The Cuff: The Ghosts Of 2008 Have Returned To Haunt Us

Chris Martenson - July 9, 2015 - 13:18

In this week's Off The Cuff podcast, Chris and Nomi Prins discuss:

  • The Ghosts Of 2008
    • Are suddenly returning en masse to haunt us
  • Growing Central Bank Insecurity
    • Beginning to realize that they've cornered themselves
  • The War On Cash
    • Central planners continue to tighten restrictions
  • No Solutions For The Status Quo
    • A massive reset is the best we can hope for

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

Join the conversation »

Categories: Economics

Daily Digest 7/9 - $1 Billion Stolen From Moldova, Is the American Economy Really Recovering?

Chris Martenson - July 9, 2015 - 08:13
  • Someone stole $1 billion from Moldova. That's an eighth of its GDP
  • Astronaut Samantha Cristoforetti returns from record-breaking space mission, becomes internet sensation
  • Third World America
  • Greece – What You Are Not Being Told by the Media
  • Is the American Economy Really Recovering?
  • Shenhua coal mine's footprint larger than City of Sydney, Melbourne
  • The Next Fracking Boom May Be Closer Than You Think
  • What's Killing the Babies of Vernal, Utah?

Join the conversation »

Categories: Economics

The WE-economy: Value Creation in the Age of Networks

Shareable Magazine - July 8, 2015 - 08:35

Underlying the collaborative economy are a handful of very strong and general trends that are challenging the conventional business models in just about every sector of the economy—not just in the types of transactions that we usually think of as the sharing economy.

Categories: Economics

Not-for-profit Grocery Store Makes Wholesome Food Accessible to All

Shareable Magazine - July 8, 2015 - 08:06

Photo: Daily Table

As Whole Foods get slammed in the press for overcharging customers, a not-for-profit grocery store is modeling a different way of selling food. Daily Table in Dorchester, Massachusetts collects excess food from a network of growers, supermarkets, manufacturers and suppliers, and offers it at steep discounts to shoppers.

Categories: Economics

Daily Digest 7/8 - Greece Bailout Talks Resume, China's Plunging Markets

Chris Martenson - July 8, 2015 - 04:47
  • U.K. Welfare Spending Increases $43 Billion Under Cameron
  • Howes: Detroit water vote may extend state fiscal reach
  • Ontario Cut by S&P as Big Spending Makes It Global Laggard
  • Gold Gets Ignored in Greek Meltdown With Fewest Bulls Since 2006
  • IMF: U.S. Economy at Risk of Stalling Next Year if Fed Raises Rates Prematurely
  • China Targets Short Sellers in Stock-Index Futures Contracts
  • Chinese Trading Suspensions Freeze $1.4 Trillion of Shares Amid Rout
  • Greek Banks Seen Days From Breakdown as Bailout Talks Resume
  • Life insurance industry a risk to U.S. stability, IMF says
  • Fed should wait to hike until 'clear signs' of inflation emerge: IMF
  • Chicago, state lawmakers consider tax hikes
  • Water rates, surcharges rise as cities, water agencies lose money in drought
  • Hit by drought and seawater, Bangkok tap water may run out in a month
  • China's Plunging Markets: Retail Investors Stunned by Rout
  • European Central Bank’s Nowotny: If Greece Misses Payment, Funds Will Be Cut Off
  • Central Banks Across the World Pressured to Fight Against Euro Depreciation

Join the conversation »

Categories: Economics

Daily Digest 7/7 - Greek Banks Plan To Raid Deposits, Cash Is Still King

Chris Martenson - July 7, 2015 - 08:36
  • Cash Is Still King
  • Ranking The States By Fiscal Condition
  • Is Tsipras a reckless revolutionary, bold leader, or calculating gambler? Yes
  • Greek Banks Prepare Plan To Raid Deposits
  • Anxiety: The Reason It Can Socially Isolate You
  • Bernie Sanders Speaks
  • Energy Hungry India To Import More Canadian Crude
  • This dome in the Pacific houses tons of radioactive waste – and it's leaking

Join the conversation »

Categories: Economics

Want to Shake Up Your Work Day? Try Coworking in a Tree

Shareable Magazine - July 7, 2015 - 07:22

TreeXOffice is designed to give back to the trees. Photo: Groundwork London

Coworking is all the rage these days, with spaces popping up faster than one can keep track of. And within the growing coworking movement, there is something for everyone. There are coworking spaces that double as climbing gyms, coworking spaces for artists, coworking spaces in houses, and now, coworking spaces in trees.

Categories: Economics

Walking Makes Strides Toward Healthier Future For All

Shareable Magazine - July 7, 2015 - 07:17

Photo by Matt Karp under a Creative Commons license.

Walking is moving fast these days.

We may think of it as a slow activity, but travel by foot is quickly being recognized as an effective prescription for health, a convenient means of transportation, a great way to meet people, a smart strategy for saving money, and a lot of fun.

Categories: Economics

Greece: Where To From Here?

Chris Martenson - July 6, 2015 - 19:23

It’s pretty hard keeping up with the rapid-fire developments in Greece. Things change every hour it seems; rumors abound and confusion runs deep.

At this point, it all depends on what Greece is prepared to accept and what the EU is prepared to offer. So from here, we could see anything from a full financial pardon from the EU (very unlikely) to a full Greek exit (still quite possible).

Join the conversation »

Categories: Economics