Nafeez Ahmed writes: A new research study by HSBC on global oil supply shows that the bulk of the world’s oil production has peaked and is now in decline. Welcome to a new age of permanent economic recession driven by our ongoing dependence on dirty, expensive, difficult oil — unless we choose a fundamentally different path.
Gail Tverberg writes: Underlying problems are sufficiently severe that we seem to be headed for a crisis far worse than 2008. Our fundamental problem is that neither high nor low energy prices are now able to keep the world economy operating as we’d like it to. Increased debt can’t seem to fix the problem either.
What lies ahead for the economy this year? Will there be a global economic collapse as predicted by many or will the early positive signs in stock markets around the world continue? While focused on the U.S., this compilation by Daisy Luther of forecasts by 12 leading experts has implications for the entire global economy.
Monetary historian Mike Maloney says in this podcast: Within the next few years you’re going to see probably the greatest crash in history. I have often said that the crisis of 2008 was just a speed bump on the way to the main event. We are in the process right now of seeing this unwind.
There’s No Tomorrow is a half-hour animated documentary about resource depletion, energy and the impossibility of infinite growth on a finite planet, a theme that rarely finds its way to the mainstream media. Inspired by the pro-capitalist cartoons of the 1940s, the film is an introduction to the critical energy dilemmas facing the world today.
It’s indeed possible to wrap your head around the new emerging reality. It doesn’t take a financial maverick to foresee collapse and it’s by no means my discovery. I just saw the patterns emerging before most people simply because I was paying attention to facts and trends – all in public domain, some for decades.
Doomstead Diner Doomstead Diner Discussions on The Shit Hits The Fan (TSHTF) – Three Recordings on Aug. 23, 2015. At the Doomstead Diner, we investigate, discuss and debate the ramifications of the Economic Collapse of Industrial Civilization. Often referred to in shorthand as TEOTWAWKI. The End of the World as We Know It. Energy Discussion
(Editor’s note: Rumours of another global economic meltdown has been doing the rounds of online forums for at least couple of years now, but of late there seems to be a spike in the commentary warning about such a possibility. Commentators offer different reasons for why this might happen, but what’s pertinent is that most