March 15th 2017

27 02 2017

Published on 25 Feb 2017

Former White House Budget Director David Stockman drops a bomb in his latest interview by saying, “I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother of all debt ceiling crises. Everything will grind to a halt. I think we will have a government shutdown. There will not be Obama Care repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”

Stockman also predicts very positive price moves for gold and silver as a result of the coming budget calamity…… but zero mention of the oil problems. Typical economist, almost certainly has no understanding of thermodynamics.





For most people, growth is already over……

24 10 2014

I know I often post videos here that I describe as brilliant or other terms to that effect.  THIS one clearly outshines them all, notwithstanding a slightly unsastifying end and question time…..  THIS video should be compulsory viewing.  This video also told me my brain is wired differently to almost everyone else on the planet!

https://i2.wp.com/www.postcarbon.org/wp-content/uploads/2014/08/Nate_Hagens-1.jpg

Nate Hagens

Nate Hagens is a well-known speaker on the big picture issues facing human society. Before watching this, I had no idea he had done the whole “wolf of Wall Street” thing in his early 20’s… that he was President of Sanctuary Asset Management and a Vice President at the investment firms Salomon Brothers and Lehman Brothers. If you need a shining light on how to reform yourself, Nate is the one..!

Until recently he was lead editor of The Oil Drum, one of the most popular and highly-respected websites for analysis and discussion of global energy supplies and the future implications of energy decline. Nate is currently on the Boards of Post Carbon Institute, Bottleneck Foundation, IIER and Institute for the Study of Energy and the Future.

Nate’s presentations address the opportunities and constraints we face after the coming end of economic growth. On the supply side, Nate focuses on the interrelationship between debt-based financial markets and natural resources, particularly energy. On the demand side, Nate addresses the evolutionarily-derived underpinnings to status, addiction, and our aversion to acting about the future and offers suggestions on how individuals and society might better adapt to what’s ahead. Ultimately, Nate’s talks cover the issues relevant to propelling our species (and others) into deep time.

He has appeared on PBS, BBC, ABC and NPR, and has lectured around the world. He holds a Masters Degree in Finance from the University of Chicago and a PhD in Natural Resources from the University of Vermont.

This presentation, Limits to Growth: Where We Are and What to Do About It” goes for an hour and a half……  but it’s the ride of a lifetime.

Enjoy……





Capitalism IS the Crisis….

26 04 2014

I heard this film mentioned by Derrick Jensen at the end of that podcast I mentioned in Why we are still screwed….. Thorium or no Thorium!

It’s a bit long at one hour forty minutes – why is it doco producers seem to think their films can’t be as good if they’re edited shorter?  Anyhow, I still think it’s compulsory viewing….  especially for Australians who can have the advantage of seeing where Canada’s Harper government took its people.  Remember, we are just a couple of years behind, and Abbott could easily be Harper’s clone.