Post Tagged with: "Debt Crisis"

Don’t Buy The “National Deficit/Debt” Scam That Steals From Working People

Don’t Buy The “National Deficit/Debt” Scam That Steals From Working People

For decades the politicians have refused to tax the rich, the corporations and the banks. They choose instead to borrow to run the government. They borrow money from the rich, whom they refused to tax, and then pay them interest. Politicians keep telling us that the national debt is too high; they say we can’t afford to spend money on[Read More…]

June 28, 2017 World
What Has Gone Wrong With Oil Prices, Debt, And GDP Growth?

What Has Gone Wrong With Oil Prices, Debt, And GDP Growth?

Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation: (1) The big thing that pulls the economy forward is the time-shifting nature of debt and debt-like instruments. If we want any kind of specialization, we need some sort of long-term obligation that will make that specialization worthwhile. If one hunter-gatherer[Read More…]

December 9, 2016 Resource Crisis
Why Energy Prices Are Ultimately Headed Lower; What The IMF Missed

Why Energy Prices Are Ultimately Headed Lower; What The IMF Missed

We have been hearing a great deal about IMF concerns recently, after the release of itsOctober 2016 World Economic Outlook and its Annual Meeting October 7-9. The concerns mentioned include the following: Too much growth in debt, with China particularly mentioned as a problem World economic growth seems to have slowed on a long-term basis Central bank intervention required to produce[Read More…]

October 13, 2016 Resource Crisis
IMF Warns Of Record High Global Debt

IMF Warns Of Record High Global Debt

Eight years after the eruption of the global financial crisis, the conditions are being created for another meltdown of even bigger proportions, amid rising geo-political and economic tensions between the major capitalist powers. This is the implication of three reports issued by the International Monetary Fund in preparation for its annual meeting, which begins in Washington today. The World Economic[Read More…]

October 7, 2016 Globalisation
How Our Energy Problem Leads To A Debt Collapse Problem

How Our Energy Problem Leads To A Debt Collapse Problem

Usually, we don’t stop to think about how the whole economy works together. A major reason is that we have been lacking data to see long-term relationships. In this post, I show some longer-term time series relating to energy growth, GDP growth, and debt growth–going back to 1820 in some cases–that help us understand our situation better. When examining these[Read More…]

June 17, 2016 Globalisation, Resource Crisis