The Collapse of Civilization Manifesto (2009) (2019) Source: Since the 2008 ﬁnancial crash, the world has witnessed an unprecedented outbreak of social protest in every major continent. Beginning with the birth of the Occupy movement in the US and Western Europe, and the Arab Spring, the eruption of civil unrest has continued to wreak havoc unpredictably from Greece to Ukraine, from China to Thailand, from Brazil to Turkey, and beyond. In some regions, civil unrest has coalesced into the collapse of incumbent governments or even the eruption of a prolonged state of internecine warfare, as is happening in Iraq-Syria and Ukraine- Crimea. Increasing public dissatisfaction with government is correlated with continued government difﬁculties in meeting public expectations. Yet while policymakers and media observers have raced to keep up with events, they have largely missed the deeper causes of this new age of unrest — the end of the age of cheap fossil fuels, and its multiplying consequences for economic growth, industrial food production, and the Earth’s climate stability. N.M. Ahmed, Failing States, Collapsing Systems, Springer Energy, 2017 Brexit: stage one in Europe’s slow-burn energy collapse The “disintegration” of global capitalism could unleash world war 3, warns top EU economist Huge Human Inequality Study Hints Revolution is in Store for U.S (Kohler 2017) Nature Billionaire Hedge-Fund Manager Warns a “Revolution” Is Coming Ray Dalio: tackle inequality or face a violent revolution Thousands march as France’s ‘yellow vest’ protests rumble on Merkel: Europe must unite to stand up to China, Russia and US Majority of Europeans ‘expect end of EU within 20 years’ The EU looks like the Soviet Union in 1991 — on the verge of collapse -Soros How the perception of unfair economic inequality leads to civic unrest Billionaire Ray Dalio: U.S. economy must change or there will be ‘conflict’ between the rich and poor Does inequality lead to civil wars? A global long-term study using anthropometric indicators (Baten, 2013) Rage at Globalism Is Just the Beginning Globalization has failed for many and the reaction may be violent Kyle Bass: Hong Kong’s political turmoil occurs atop a ‘financial time bomb’ ‘It’s the apocalypse’: Paris rioters run amok at yellow vest rallies The Real Roots of American Rage War, empire and racism in the Anthropocene America’s new redneck rebellion
Three decades ago, a revolution occurred in the world economy. Today, we’re living through its extensive political consequences. This revolution consisted of
Financial services, from banks and hedge funds to trading houses, became the largest industry in the U.S. The impact of this revolution has been incalculable.
Accompanied by the rapid enrichment of a tiny few and stagnation and disappointment for many more. Now the only
growth that remains is selling expensive services to each other. The financial revolution has no solution for stagnant wages, income inequality and job insecurity. The Great Depression 1929–1940 US Economic Growth GDP (1%) The Great Recession 2007–2018 US Economic Growth GDP (1.6%) CBO’s GDP Forecast for the 2018–2028 (1.9%) OECD GDP Per Capita Govt economic advisor warns British defense planners that OECD growth is ending Get Ready for Europe’s Next Crisis Krugman: The Third Depression Krugman: A Permanent Slump? World economy is sleepwalking into a new financial crisis, warns Mervyn King Ben Bernanke: The US Economy Is Going To Go Off The Cliff In 2020 America’s Real Economy: It Isn’t Booming George Will: Another epic economic collapse is coming The 2020s Might Be The Worst Decade In U.S. History Investors Should Brace for a ‘Frightening’ Recession The Coming Collapse of the American Economic System with Richard Wolff EU membership has many benefits, but economic growth is not one of them — new findings Global Economic Growth Peaked 40 Years Ago Global economic growth has peaked, says World Bank Global economic growth has peaked, warns OECD Welcome To The Decade Of Slow Economic Growth Global economy set for decade of gloom as World Bank predicts recovery will fizzle out BIS warns global economy risks crisis ‘relapse’ IMF warns of global economic “storm” as growth undershoots Will we survive the next financial crisis? Satellite data strongly suggests that China, Russia and other authoritarian countries are fudging their GDP reports The Federal Reserve Seems Oblivious to a Coming Crisis Global economy is facing a ‘perfect storm’, warns BIS chief World economy at risk of another financial crash, says IMF The world has not learned the lessons of the financial crisis BBC: World Bank warns of ‘darkening skies’ for global economy The World Economy Just Can’t Escape Its Low-Growth, Low-Inflation Rut Experts say US economy not seeing ‘Trump bump’ AP FACT CHECK: So where is Trump’s 3 percent growth? President Trump has made 7,546 false or misleading claims over 700 days $1.5 trillion US tax cut has no major impact on business spending plans: Survey US energy consumption has been flat since 2000 US economic growth (GDP) since 2000 is all an illusion
During the mid/late 20th century (1960–1999), a barrel of oil cost
; during the years immediately prior to the Great Recession (2000–2008), the average price of a barrel of oil had increased to $47; and during the years immediately following the Great Recession (2010–2012), the average price of a barrel of oil had further increased to $81. During the same three time periods, the average price of a metric ton of copper increased from $3,085, to $3,713, to $6,817; the average price of a metric ton of iron ore increased from $36, to $57, to $124; and the average price of a metric ton of potash increased from $114, to $185, to $343. (Prices are inflation adjusted.) $19 on average
The simple fact is that we
cannot grow our global economy and improve our global material living standards on $50 oil, $6,817 copper, $124 iron ore, and $343 potash like we did on $19 oil, $3,085 copper, $36 iron ore, and $114 potash. It should come as no surprise that our Non Renewable Resource-dependent global economy experienced the Great Recession during 2009. Nor should it come as a surprise that we have yet to recover from the Great Recession. Nor will our industrialized and industrializing economies ever recover, so long as price levels associated with the vast majority of Non Renewable Resources remain at their inordinately high levels.
Scarcity: Humanity’s Final Chapter Causes and Consequences of the Oil Shock of 2007–08 (Hamilton 2009) Did the Oil Price Boom of 2008 Cause Crisis? WSJ IEA, IMF Every downturn since 1970 has been preceded by a doubling of oil prices the prior 12 months. Oil and food prices move in tandem in the long term. -FAO Food Price Index From 2007 to 2016, US productivity grew at about 1 percent — a historic low No Recovery: An Analysis of Long-Term U.S. Productivity Decline Can Declining Productivity Growth Be Reversed? The Mystery of Declining Productivity Growth US productivity has stagnated for years, and is now expected to decline for the first time in decades Robots Are Now Everywhere, Except in the Productivity Statistics George Will: How technology is hurting U.S. productivity Foreign countries are sapping US productivity, study shows Trump: Since China joined WTO, U.S. has lost 60,000 factories China really is to blame for millions of lost U.S. manufacturing jobs, new study finds In the 80’s Private Equity Firms offshored our manufacturing sector, now they are wiping out whatever remains. China didn’t steal our jobs. Corporate America gave them away Shareholder capitalism and the slow death of U.S. manufacturing Study: Illinois Auto Plant Layoffs May Trigger More Job Loss BASF to cut 6,000 jobs to drive down costs amid slowdown IBM is a ‘zombie company’ U.S. auto industry’s record sales streak snapped in 2017 Carpocalypse now: Lyft’s founders are right — we’re in the endgame for cars Honda to shift production of SUV to China from US amid trade war After 38,000 layoffs, Wall Street wakes up to ‘peak car’ Auto loan delinquency rates are worse now than during the financial crisis Trump, tweets couldn’t save U.S. auto jobs in 2017 How GE Went From American Icon to Astonishing Mess America’s oldest gunmaker Remington files for bankruptcy after 200 years in business If the Economy Is So Great, Why Are Car Loan Defaults at a Record High? Gibson guitar company facing bankruptcy after 116 years Tariffs Unlikely to Bring Back Many U.S. Blue-Collar Jobs, Study Finds ‘Deep’ Subprime Car Loans Hit Crisis-Era Milestone Subprime Auto Defaults Are Soaring, and PE Firms Have No Way Out Smaller Subprime Auto Lenders Are Starting to Fold U.S. used-car glut is a dealer’s dream, automakers’ nightmare Harley-Davidson, a U.S. icon, highlights offshoring’s perils Hundreds Of Carrier Factory Jobs To Move To Mexico Harley-Davidson will ship work to Thailand from closing U.S. plant Uber Is Headed for a Crash Tesla Is ‘Structurally Bankrupt’ But So Are GM And Ford Tesla will have to restructure; “Elon Musk is not a genius, he’s not a visionary. He’s a charlatan, he’s a carnival barker“ Automakers’ Job Cuts Are at 38,000 and Counting GM to lay off up to 14K workers, close as many as 5 plants Morgan Stanley Predicts Ford to Cut 25,000 Jobs in Overhaul Ford to move all small car production to Mexico Ford to cut 7,000 jobs by August, including 900 this week ‘A kick in the stomach’: massive GM layoffs leave workers distraught — and angry A record 7 million Americans are 3 months behind on their car payments, a red flag for the economy The Next American Car Recession Has Already Started Ford Prepares for Mass Layoffs After Losing $1 Billion to Trump’s Trade Tariffs, Report Says As GM union faces big job losses, South Koreans turn cold shoulder Economist: Expect more GM layoffs after plant closures, car eliminations In Mexico, $2-per-hour workers make $40,000 SUVs Ford to cut jobs in Europe, announces talks with labor, expects VW tie Detroit in ruins: the photographs of Yves Marchand and Romain Meffre Tesla Model 3 Costs More To Charge Than A Gasoline Car Tesla’s mass layoffs and reduced car production have Wall Street ‘waking up from the dream’ As Tesla Struggles, Its Rivals Make Far More With Less Elon Musk’s growing empire is fueled by $4.9 billion in government subsidies Lawrence Solomon: How Tesla’s Elon Musk became the master of fake business Former GM vice chair: I think Tesla is doomed Tesla Doesn’t Burn Fuel, It Burns Cash UM Economists: GM layoffs could cost Michigan 16,000 jobs The rise and fall of Subway, the world’s biggest food chain Why so many restaurants are filing for bankruptcy Up to 120 more Applebee’s and IHOP restaurants will close, signaling a big shift Workers Say McDonald’s Isn’t Keeping Up With Rising Local Wages Wendy’s to Install Self-Ordering Machines in 1,000 Stores Buffalo Wild Wings Cuts Jobs Amid Rising Labor, Wing Prices Outback Steakhouse, Carrabba’s, Bonefish Grill, and Fleming’s Steakhouse chains, has announced plans to close multiple restaurants. Owner of Romano’s Macaroni Grill Files for Bankruptcy The Amazon Era: No Profits, No Problem Amazon made an $11.2bn profit in 2018 — and its federal tax bill is $0 Bernie Sanders says Amazon paid no federal income tax in 2017. He’s right Amazon and the culture of fear. When you click ‘buy now’, this is what happens inside Amazon Australia’s warehouse Revealed: Amazon employees are left to suffer after workplace injuries How Amazon gets away with not paying taxes Amazon lobbies to exempt employees from labor protections The Life and Death of an Amazon Warehouse Temp What Amazon does to wages ‘A sweatshop firing on all cylinders’: what it’s like to work at Amazon at Christmas This Analyst Claims the U.S. Postal Service Is Giving Amazon a Huge Subsidy Inside Amazon: Wrestling Big Ideas in a Bruising Workplace Amazon warehouses don’t increase jobs: study Is it Prime Time for an Amazon Dividend? Amazon is using classic anti-union language with workers at Whole Foods Amazon is using an unfair advantage to dominate its competitors I Used to Write for Sports Illustrated. Now I Deliver Packages for Amazon ‘We are not robots’: Amazon warehouse employees push to unionize Fed Interest Rates Will Central Bank Policies Set off Another Global Financial Crisis? There is only one country in the world where negative interest rates are working A Decade of Low Interest Rates Is Changing Everything Why Low interest rates could cause a ‘colossal reckoning’ Low Interest Rates Might Be What’s Hurting Growth Peter Schiff says ‘we’re in a house of cards that the Fed built’ Big banks are still paying American savers almost nothing, even as interest rates hit 2.5 percent Central banks are printing money as though the global economy is in freefall $12 trillion of QE and the lowest rates in 5,000 years … for this? If Central Banks Are the Only Game in Town, We’ve Lost How central bankers blew up the global economy World has run out of firepower to fight next recession, IMF warns Unwinding QE could trigger financial crisis, warns JP Morgan The verdict on 10 years of quantitative easing How Stimulus Made a Soft Landing Harder Quantitative easing was the father of millennial socialism Easy Money of Stimulus Made Life Harder for Some Bank of England’s recovery policies have increased inequality, finds S&P How The Fed Is Helping To Rig The Stock Market US companies have spent record $4T buying back their own stock since 08 Companies buying back their own shares is the only thing keeping the stock market afloat right now The Winners and Losers in a $1 Trillion Buyback Year The stock market would be much lower if it weren’t for companies buying back their own shares’ S&P 500 Q4 2018 Buybacks Set 4th Consecutive Quarterly Record at $223 Billion; 2018 Sets Record $806 Billion Share buybacks soar to record $806 billion — bigger than a Facebook or Exxon Mobil Goldman Considers ‘A World Without Buybacks.’ It Looks Ominous. Hedge fund manager: Stock buybacks should be ‘illegal’ Stock market to get $1 trillion boost via buybacks, says Goldman Why the buyback frenzy may be bad for U.S. stock investors Corporate stock buybacks boom despite Schumer, Sanders criticism Corporate America is spending more on buybacks than anything else Are Stock Buybacks Starving the Economy? The sub-prime timebomb is back — this time companies are lighting the fuse Stock buybacks, explained Why Stock Buybacks Do So Little for Americans When The Stock Buybacks Go Bye-Bye Debt-financed share buybacks have turned the stock market into a high-risk ‘CDO residual’ America’s companies have binged on record amount of debt; a reckoning looms Swelling US corporate debt raises risk of global financial meltdown Remember the subprime mortgage mess? $1.2 trillion in risky corporate debt is flashing similar warning signs The IMF is worried about rising debt in the corporate sector Fed’s Powell Flags Corporate Debt Surge: ‘Some Businesses May Come Under Severe Financial Strain’ Why Corporate America’s mountain of debt matters Corporate Debt Is Reaching Record Levels America’s top leveraged loans banker is worried about corporate debt 13% of the world’s companies are ‘zombies.’ That’s not healthy Corporate debt bubble could spark devastating fire sale of bonds, OECD warns Does the corporate debt mountain pose an avalanche risk? A $3-trillion tsunami is about to flood the stock market, warns fund manager Jeffrey Gundlach interview — Corporate debt is the biggest risk ‘Big Short’ investor Steve Eisman just joined those sounding the alarm on rising corporate debt The sub-prime timebomb is back — this time companies are lighting the fuse How a corporate debt pileup could intensify the global economic slowdown U.S. Corporate Debt Maturing In Five Years Rises To Over $2 Trillion The Next Recession: Mark Zandi says corporate debt could cause ‘reckoning’ When Blue Chip Companies Pile on Debt, It’s Time to Worry US commercial bankruptcies are soaring A $9 trillion corporate debt bomb is ‘bubbling’ in the US economy Investors to Corporate America: You’ve got a debt problem Corporate Debt Crises Could Come Faster and Harder After PG&E, keep an eye on corporate debt Gundlach’s warning on ‘ocean of debt’ adds to worries over corporate bonds Goldman Sachs is worried big companies are stifling competition, holding down wages and growth. The Entire Economy Is MoviePass Now. Enjoy It While You Can. IMF warns that tech giants stifle innovation and threaten stability It’s time to break up the FAANGs (FB, APPL, AMZN, NFLX, GOOGL) A call to save democracy by battling monopolies Companies’ pursuit of high profits is making the rich richer at everyone else’s expense, according to new research Economists Get Serious About the Harm From Monopolies Big companies are crushing their competition in the US, and it’s creating a dangerous ‘fake capitalism’ that hurts workers and consumers Wolf of Wall Street’s Jordan Belfort: ‘The lessons of the crash have been forgotten’ Bill Gates: We will have another financial crisis like the one in 2008 — it’s a ‘certainty’ Share price valuations are at levels not seen before except in 2000 and in 1929 — the dotcom bubble and the Wall Street Crash 1929. Nobel Prize-winning Economist Robert Shiller, The stock market today is similar to the market in 1928 Perfect storm’: Global financial system showing danger signs, says senior OECD economist Markets are ignoring ‘major risk’ of rising interest rates and end of QE, warns Citigroup 83% of IPOs (new stock issues) this year have come to the market with negative earnings. ‘Oblivious’ investors aren’t ready for the bursting of the ‘everything bubble,’ hedge-fund manager warns The Federal Reserve inflated stock prices for years — now comes the scary unwinding World financial structure ‘unstable’ Janet Yellen Warns Another Financial Crisis Could Be Brewing Alan Greenspan has a new warning for investors: ‘Run for cover’ Disaster Is Inevitable When America’s Stock Market Bubble Bursts Why Economists Failed to Predict the Financial Crisis Economists often don’t know what they’re talking about The Financial Crisis and the Systemic Failure of Academic Economics (Colander 2009) What economists have gotten wrong for decades IMF shows poor track record at forecasting recessions The Experts Keep Getting the Economy Wrong Why the Phrase ‘Late Capitalism’ Is Suddenly Everywhere American Capitalism Isn’t Working. A Guardian of Global Capitalism Warns Capitalism Has A Problem Capitalism is in crisis — and business leaders know it America needs to fix capitalism to save it The World Economy Is A Pyramid Scheme, Steven Chu Says Warren Buffett says no textbook could have predicted the strange economy we have today Bill Gates: “Economists don’t actually understand macroeconomics” New Study Suggests Late-Stage Capitalism Stripping Humanity of Simple Joy: Frequent Sex Even the rich worry about the economic future of the US Dare to declare capitalism dead — before it takes us all down with it Charlie Munger: Be afraid when a democracy thinks it can print money to solve all its problems ‘Socialism for the rich’: the evils of bad economics Is Communism Cool? Ask a Millennial Hedge fund billionaire Ray Dalio: ‘Capitalism basically is not working for the majority of people’ People are losing faith in capitalism. The world needs a new approach DealBook Briefing: Capitalists Fear a Socialist Revolt Happy Birthday, Karl Marx. You Were Right! Capitalism in crisis: U.S. billionaires worry about the survival of the system that made them rich Neoliberalism must be pronounced dead and buried. Where next? Rulers of the world: read Karl Marx! The world is finally ready for Marxism as capitalism reaches the tipping point Marx predicted our present crisis — and points the way out Is Capitalism a Threat to Democracy? Reform capitalism or face revolution, billionaires are told at Milken Conference Capitalism no longer working for greater good, say two of its biggest cheerleaders New Zealand’s new prime minister calls capitalism a ‘blatant failure’ Founder of the worlds biggest hedge fund says capitalism needs urgent reform France’s Message for Capitalism Is Quite Simple: Adapt or Die Socialism is gaining in popularity, and today’s capitalism is to blame The Young Left’s Anti-Capitalist Manifesto Capitalism simply isn’t working and here are the reasons why Unless It Changes, Capitalism Will Starve Humanity By 2050 Billionaire investor Howard Marks: America should be worried about the ‘rising tide of anti-capitalism’ Why are millennials burned out? Capitalism. Richard Branson: Capitalism basically is not working for the majority of people. Exposing the great ‘poverty reduction’ lie The top 26 billionaires are as wealthy as 3.8 billion people Wealth inequality ‘out of control,’ Oxfam warns Bill Gates says poverty is decreasing. He couldn’t be more wrong Billionaires take more than they make CEOs made 287 times more money than their workers in 2018 The World Now Has Three People Worth More Than $100 Billion Each Gap between rich and poor growing, fueling global anger: Oxfam World’s wealthiest saw their fortunes increase by $2.5 billion a day in 2018: Oxfam World’s 26 richest people own as much as poorest 50%, says Oxfam Richest 1% on target to own two-thirds of all wealth by 2030 World’s witnessing a new Gilded Age as billionaires’ wealth swells to $6tn Credit Suisse: The world’s wealthiest 1% own half of the worlds wealth These charts show the extreme concentration of global wealth The mathematical law that shows why wealth flows to the 1% Wealth Of 9 Richest Indians Equivalent To Bottom 50% Of Country: Report Abolish Billionaires
In America, a third to nearly a half of all wealth is
inherited rather than self-made. Real Median Household Income in the United States In the past, median income rose in line with GDP. Yet since 2000, median income has stagnated Middle class no longer dominates in the U.S. America’s Fastest Growing Jobs Pay About $24,000 Annually 62% of millennials say they’re living paycheck to paycheck $1 million isn’t enough to make you wealthy in America, survey finds Families Go Deep in Debt to Stay in the Middle Class Millions of Americans are just one paycheck away from ‘financial disaster’ The average American household carries $137,063 in debt, according to the Federal Reserve Almost 80% of US workers live from paycheck to paycheck Nearly half of US workers need side gig to stay afloat, survey finds Compensation of Employees: Wages and Salary Accruals/Gross Domestic Product Consumer debt hits $4 trillion Why the middle class is shrinking Living paycheck to paycheck is disturbingly common: “I see no way out.” Americans see themselves in debt forever, even as they continue to borrow 40% of Americans only one missed paycheck away from poverty A fifth of Americans say they have zero savings Half of Older Americans Have Nothing in Retirement Savings The top 1% of households own more wealth than the bottom 90 per cent. Income inequality in America is the highest it’s been since census started tracking it, data shows The End of the American Dream? Inequality and Segregation in US Cities | BFI University of Chicago US income inequality jumps to highest level ever recorded At this rate, the rich could truly have it all just 33 years from now Millionaires now hold nearly half of the world’s wealth The richest 1% own 50% of stocks held by American households The One Percent Have Gotten $21 Trillion Richer Since 1989. The Bottom 50% Have Gotten Poorer. The bottom 50% of Americans now have 1% of America’s wealth Most Americans Received No Pay Increase In 2018 A decade after the recession, 40% of U.S. families still struggling Real Wage Growth Is Actually Falling Fed’s Brainard: Middle-class wealth still less than before Great Recession Income Inequality in America: Growth and Statistics A shocking 42% of all U.S. workers make less than $15 per hour Income inequality is rising so fast, data can’t keep up The income gap, growing Middle classes losing out to ultra-rich 40% of Americans One Paycheck Away from Poverty: Report Congress has never let the federal minimum wage erode for this long America’s Humongous Wealth Gap Is Widening Further New Federal Reserve data shows how the rich get richer: It’s been a great 30 years for people who own businesses. US income inequality is a ‘national emergency,’ billionaire Ray Dalio says Wealth concentration returning to ‘levels last seen during the Roaring Twenties,’ according to new research Federal Reserve chair calls income inequality the biggest challenge in next 10 years History tells us where the wealth gap leads — Peter Turchin It’s been almost 100 years since America’s 1% had this much wealth Most Americans Think the Current Economic System Is Skewed Toward the Wealthy, Says Study Feeling poorer? That’s because “real” wages fell last year The Shrinking Middle Class: The Current State of Affairs Nobel Prize-Winning Economist: We’re Headed for Oligarchy Bill Gates, Jeff Bezos and Warren Buffett are wealthier than poorest half of US More than half of Americans say they didn’t get a pay raise this year US wealth inequality — top 0.1% worth as much as the bottom 90% Up with the Wealth Gap! Quarter of Americans are ‘worse’ now than before Great Recession: survey It’s Never Been Easier to Be a C.E.O., and the Pay Keeps Rising Survival of the richest: All are equal, except those who aren’t In America, inequality begins in the womb Extreme Inequality: 44% of US adults cannot cover an emergency expense costing $400. UN Special Report 25% of US adults have no retirement savings Top 1.0 percent reaches highest wages ever — up 157 percent since 1979 Politicians have caused a pay ‘collapse’ for the bottom 90 percent of workers, researchers say Adjusted for inflation, the federal minimum wage is worth less than 50 years ago The Wealth Gap in the U.S. Is Worse Than In Russia or Iran 78% of Americans live paycheck to paycheck Our Broken Economy, in One Simple Chart The World Income Database found the U.S. has the highest inequality among all Western countries The decline of African-American and Hispanic wealth since the Great Recession Get Rich, Live Longer: The Ultimate Consequence of Income Inequality American’s personal savings is near an all time low Human health and the Great Recession Nearly 1 In 4 Feel They’ll Never Escape From Significant Debt Too Many Americans Will Never Be Able to Retire The 1% grabbed 82% of all wealth created in 2017 A new billionaire is minted every 2 days as the poor lose wealth The richest 10% of households now represent 70% of all U.S. wealth How Economic Inequality Inflicts Real Biological Harm Share of middle-income households having difficulties to make ends meet in Europe in 2017 Europe’s Middle Class Is Shrinking. Spain Bears Much of the Pain. Half of England is owned by less than 1% of the population The top 26 billionaires own $1.4 trillion — as much as 3.8 billion other people Here’s how the global financial crisis is still affecting your wages World’s eight richest people have same wealth as poorest 50% Wealth Inequality Is Way Worse Than You Think, And Tax Havens Play A Big Role CEOs earn 361 times more than the average U.S. worker Middle class struggles are now threatening the global economy Most Americans live paycheck to paycheck Dimon, Schwarzman and Other Davos A-Listers Add $175 Billion in 10 Years Super-rich early Amazon investor: Wealth gap crisis is the ‘direct result’ of ‘moral failure’ USA Income inequality vs Political Polarization Polarized Americans Rate Environment Worst since 2009 –Gallup Poll: Americans Say We’re Angrier Than A Generation Ago For the first time since the 1940s, Americans have been asking: Can it happen here? Obama warns: if America stays so divided, our democracy and economy won’t survive Loss of newspapers contributes to political polarization Study: US is an oligarchy, not a democracy The Global Rise of ‘Us vs. Them’ Politics How America’s identity politics went from inclusion to division Why is it so stressful to talk politics with the other side? Alec Baldwin: ‘We Need To Overthrow The Government’ ‘Downright evil,’ ‘behave like animals’: Americans increasingly fearful of those in opposing political party ‘American War’ — a grim novel about a second American Civil War Georgetown University: Almost 70% Of Americans Believe Civil War Is Imminent In America, talk turns to something unspoken for 150 years: Civil war Former McCain adviser: Trump has ‘stoked a cold civil war’ in America Slow motion civil war Christian rightwingers warn abortion fight could spark US civil war Is a Second American Civil War Likely? 31% of Americans Think So I think we’re at the beginning of a soft civil war Russian Official Cancels US Visit, Saying ‘Second American Civil War’ Is Underway Is America headed for a new civil war? Fury, violence and now bombs show a US deeply divided Is America headed for civil war? Another ‘Civil War’? Pessimism About Political Violence Deepens In A Divided Nation What are the chances that America’s disunion turns into Civil War? A New American Civil War Feels Closer Than Ever After Pittsburgh Iowa Rep. Steve King says America is heading toward another civil war Steve King posts meme saying red states have ‘8 trillion bullets’ in event of civil war Is America Headed for a New Kind of Civil War? Are Billionaires Leading America Toward Civil War? Clinton, Obama, Soros and CNN mailings mark trail to civil war The American civil war didn’t end. And Trump is a Confederate president Is America headed toward a civil war? Sanders, Nielsen incidents show it has already begun Fox News host Laura Ingraham’s guest says the country is ‘in a civil war’ — and people should ‘buy guns’ Is France showing us what America’s next civil war will look like? The country is hopelessly split. So why not make it official and break up? It’s Time For The United States To Divorce Before Things Get Dangerous The worst American politics since the Civil War How a Real Civil War Between Rich and Poor Could Actually Happen Joe diGenova’s advice to patriots: It’s a ‘civil war’ — ‘I buy guns’ Bernstein: US in a ‘cold civil war’ Trump may ignite Are we headed for Civil War 2.0? The Only Thing, Historically, That’s Curbed Inequality: Catastrophe Is Nuclear War the Only Cure for Inequality? Source
The labor participation rate across the world is dropping rapidly. You may be inclined to believe the official unemployment numbers, but, they are a poor indicator of
employment statistics. Let us take the United States as an example. The labor participation rates have dropped way below the rates when 1980’s recession unfolded. Don’t believe the lies about the US being at ‘full employment’ Here’s Why The Prior Jobs Report Numbers Were Wrong By Over Half A Million Unemployment Is Low, but That’s Only Part of the Story The Big Lie: 5.6% Unemployment — Gallup Misleading unemployment numbers may be prompting the Fed and the Bank of England to make a huge error Unemployment in the US is historically low, but wage growth is sluggish — and no one seems to know exactly why Best U.S. Job Numbers Ever? Not If You’re Out of Work for a Year Over 20% of Americans in their prime working years (between the ages of 25–54) do not have a job Almost all the US jobs created since 2005 are temporary The lost decade for the economy Citigroup Ready To Replace “Tens Of Thousands” Of Call-Center Workers With Robots The outlook is dim for Americans without college degrees A record number of robots were put to work across North America in 2018, report says Busting the ‘Trucker Shortage’ Myth More on the ‘lie’ behind the unemployment numbers Unemployment in the UK is now so low it’s in danger of exposing the lie used to create the numbers Automation has hurt labor-force participation, and it’s going to get worse, IMF finds 47% of jobs will vanish in the next 25 years, say Oxford University researchers Automation is set to hit the heartland the hardest — again Robots are hurting middle class workers, and education won’t solve the problem, Larry Summers says White-Collar Robots Are Coming for Jobs This Thriving City — and Many Others — Could Soon Be Disrupted by Robots Automation could kill 73 million U.S. jobs by 2030 How Technology Is Destroying Jobs — MIT New Oxford study shows nearly half of US jobs at risk of computerization Small cities face greater impact from automation Rise of the Robolawyers Walmart’s Future Workforce: Robots and Freelancers The “skills gap” was a lie Automation and anxiety The robots are coming — for as many as 800 million jobs What if jobs are not the solution but the problem These Are the 12 Employers Who Have Laid Off the Most Workers This Year Amazon lays off hundreds of employees Tech layoffs surged in 2016, and 2017 doesn’t look much brighter Goldman Sachs Announces Its Biggest Layoffs Since Financial Crisis IBM Layoffs 2018: What We Know About the Job Cuts Cisco’s Layoffs Are Just the Tip of the Spear for Tech Harley-Davidson to cut U.S. manufacturing jobs Microsoft plans thousands of job cuts Apple Plans to Cut Back on Hiring Due to iPhone Sales Struggles Walmart is reportedly planning to cut over 1,000 corporate jobs Caterpillar announces undisclosed number of layoffs Lego to cut 1,400 jobs and ‘reset company’ after sales drop GE Is Laying Off 12,000 People From Its Power Business Kellogg job cuts are ‘devastating news’ -Union Pfizer Expecting Layoffs as it Ends Alzheimer’s Drug Research AT&T Preps for New Layoffs Despite Billions in Tax Breaks and Regulatory Favors Toys ‘R’ Us lays off 31,000 employees: No job and no severance Barnes & Noble Is Laying Off Workers Amid Declining Sales Kleenex and Huggies Maker to Cut More Than 5,000 Jobs State Farm to Close 11 Offices, Cut Some 4,200 Jobs, After 2016 $7B Loss Macy’s is closing 68 stores — laying off around 4,000 employees Lowe’s Will Lay Off More Than 500 Workers Homeless population given one-way tickets to leave town. 2011 to 2017. Homeless People Outside New York City Are Pushing for More Help More Than 16,000 People in L.A. Now Live in Cars, Vans and RVs, But Safe Parking Remains Elusive Homeless in College: Students sleep in cars, on couches when they have nowhere else to go U.S. homeless population tops 550,000 — with Los Angeles seeing ‘26%’ spike 1 in 7 New York City Elementary Students Will Be Homeless, Report Says Homelessness jumps 12% in L.A. County and 16% in the city, leaving officials ‘stunned’ L.A.’s Homelessness has surged 75% in six years Los Angeles homelessness rises sharply as housing crisis deepens Rise in homeless numbers prompts outrage and alarm The Homeless Are Dying in Record Numbers on the Streets of Los Angeles Retail apocalypse: 4,810 closures in first three months of 2019 Minnesota’s homeless population reaches record high number How rising rents contribute to homelessness 1 in 5 L.A. community college students is homeless, survey finds Homelessness Rises Slightly, Federal Report Finds Why America Can’t Solve Homelessness Homelessness growing at faster rate in Massachusetts than any other state Thanksgiving help for the homeless: ‘We haven’t seen numbers like this since the Great Depression’ Indianapolis Homeless population on the rise as mayor challenges community to curb issue The impact homelessness and the opioid crisis are having on San Francisco streets L.A.’s Housing Crisis Hits Hollywood: The Entertainment Workers Living in Their Cars Atlanta’s homeless population triples as officials move them into the Airport Homeless population up in the panhandle U.S. homeless shelters overwhelmed in brutal weather Silicon Valley — working and homeless Seattle’s homeless population grows more than 40-percent in two years A record number of homeless people died in Seattle in 2017 Letter Promising to ‘Beat’ and “Burn” Homeless People in San Francisco Strikes Fear Revealed: homeless people given one-way tickets to other areas Homeless family of 4 found dead in parked van “It was the hardest week of my life” Executive Director of Homeless Shelter spends week homeless Homeless man dies on ‘doorstep’ of Houses of Parliament Chart Source Chart Source Life Expectancy by county Distressed Communities: Map of Unemployment Rate, Education, Housing, and Poverty by Congressional District America has two economies — and they’re diverging fast US has regressed to developing nation status, MIT economist warns Growing up in poverty, and experiencing traumatic events like a bad accident or sexual assault, were linked to accelerated puberty and brain maturation, abnormal brain development, and greater mental health disorders, such as depression, anxiety, and psychosis, according to a new study U.N. report: With 40M in poverty, U.S. most unequal developed nation The Middle Class Is Shrinking Everywhere — In Chicago It’s Almost Gone America’s 10 worst states to live in New report shows more senior citizens in the Mid-south living below the poverty line America’s Shrinking Middle Class: A Close Look at Changes Within Metropolitan Areas Nearly 40% of Americans can’t cover a surprise $400 expense Why American families are struggling to pay for child care Almost half of US families can’t afford basics like rent and food America Is Poorer Than It Thinks U.S. Is a Rich Country With Symptoms of a Developing Nation The US has a lot of money, but it does not look like a developed country OSU study: Nearly 2/3 of US kids live in ‘asset poverty’ New York City is edging toward financial disaster, experts warn Having a ‘good’ job in America no longer makes you financially secure “You feel so overwhelmed”: Fed reports $1 trillion increase in Americans’ debt A minimum-wage worker needs 2.5 full-time jobs to afford a one-bedroom apartment in most of the US World’s Retirees Risk Running Out of Money a Decade Before Death Extreme poverty in America: read the UN special monitor’s report
School turns students’ lunch debt over to collection agency
Childhood poverty has a lasting impact on developing brain, finds study There are over 43 million people currently living in poverty in the United States 13 million people in poverty are disconnected from the social safety net. Most of them are white. The Crushing Logistics of Raising a Family Paycheck to Paycheck At least 1.5 million households in the United States with about 3 million children are surviving on cash incomes of no more than $2 per day Extreme poverty has nearly doubled since major welfare reform efforts in the 1990s Poverty is moving to the suburbs. The war on poverty hasn’t followed A Shocking Number of American Families Can’t Afford Diapers Child poverty in the U.S. is among the worst in the developed world This Week in Poverty: US Single Mothers — ’The Worst Off’’ The Kaiser Family Foundation has poverty rates at 27% for African Americans and 24% for Hispanics The Number Of Americans Living In Their Vehicles “Explodes” As The Middle Class Collapses Working to 70 is not an easy fix to the retirement crisis These numbers prove African-Americans still haven’t recovered from the financial crisis
China was barely a statistical rounding error in 1978, with less than 1 percent of global trade, China rose to become in 2013 the world’s leading trading nation with almost a quarter of its annual flows. Nothing on this scale or speed has been witnessed before in history. Since 1970, Asia’s per capita incomes have
increased fivefold. Even in Africa, the world’s worst performing continent, incomes have almost doubled. The west’s median income, meanwhile, has barely shifted in the last half century.
In arguing for China’s entry to the World Trade Organization, Bill Clinton, the then US president, said globalization was ‘the economic equivalent of a force of nature, like wind or water’. In addition, he argued that China’s entry would reduce America’s bilateral trade defect by binding China to lower tariff rates on its imports. Following China’s WTO accession in 2001, America’s trade defect with China has leapt almost five fold. It is clear, in retrospect, that Beijing had better grasp of the global economy’s dynamics than Washington.
In terms of purchasing power parity — measured by what you can buy in the local currency — China economy surpassed the US in 2014. Within a decade, give or take a few years, China will overtake America on more conventional dollar measures. By 2050 — a century after its communist revolution — China’s economy is likely to be twice the size of America’s and larger than all the Western economies combined. And by then, even India’s economy will be roughly the same size as America’s.
The Retreat of Western Liberalism Atlantic Monthly Press, New York, 2017 Normalizing Trade Relations With China Was a Mistake Economic Mobility studies show it’s harder to climb the economic ladder in America than in Europe, and twice as hard as in Canada.
America today has
higher inequality and less upward social mobility than most other developed countries Georgetown study: ‘To succeed in America, it’s better to be born rich than smart’ Americans Have Lost Faith In Their Ability To Move From Poverty To Riches Meritocracy is a myth invented by the rich An alarming number of Americans are worse off than their parents and we’re not talking about it Fewer Americans are making more than their parents did — especially if they grew up in the middle class More Than Half Of All College Grads Are Working Jobs That Don’t Even Require A Degree Half Of College Grads Are Working Jobs That Don’t Require A Degree Felicity Huffman among dozens charged over admissions fraud at top US schools Many college grads feel their grip on middle class loosening Will more higher education improve economic growth? Textbook costs have risen nearly 1000% since the 70's The economics of higher education Petroleum engineering degrees seen going from boom to bust Students are turning to sex work for extra money but experts warn universities are ignoring the issue Two-thirds of American employees regret their college degrees U.S. Student Loan Debt Sets Record $1.5 trillion, Doubling Since Recession 10 mind-blowing facts that show how dire the US student loan crisis is Free college and bailouts won’t solve the student debt crisis: SoFi CEO U.S. Student-Loan Program Now Runs Deficit, CBO Estimates One in 15 US student loan recipients have considered suicide over debt, study suggests People are fleeing the US to keep from paying off their student loans Is College Worth It? Debt, Low Pay Leaves Some Grads Regretful The looming student loan default crisis is worse than we thought US higher education: A system of meritocracy that never was: The recent college bribing scandal in the US revealed nothing we already didn’t know. Student Loan Debt Statistics In 2019: A $1.5 Trillion Crisis Dimon: U.S. student loan debt is ‘now starting to affect the economy’ Federal Reserve chairman: Mounting student debt could hold back economic growth U.S. Student-Loan Delinquencies Hit Record Is College still worth it? It’s complicated. America’s Great College Boom Is Winding Down Despite the economic recovery, student debtors’ ‘monster in the closet’ has only worsened What to do with homeless college students? Let them sleep in the parking lot, new bill says What a Student Loan ‘Bubble’ Bursting Might Look Like U.S. Student Debt in ‘Serious Delinquency’ Tops $166 Billion U.S. Student Debt in `Serious Delinquency’ Tops $166 Billion Student debt may inch the US towards the next crisis Fed Says Student Debt Has Hurt the U.S. Housing Market Janet Yellen warns student debt may be holding back housing recovery This Economic Bubble Is Going to Wreak Havoc When It Bursts Rural America’s “brain drain”: How student debt is emptying small towns Think college students are privileged? Nearly a third are hungry and homeless The financial crisis is far from over for students Millions of College Students Are Going Hungry: A new government report highlights just how pervasive the problem is Young People Are Doomed by Student Loans, Not the National Debt Who Foots the Bill? Families Fight Over College Debt Seniors, too, are drowning in student loan debt Millennials are ‘canaries in the coalmine’ for toxic economic trends, say Stanford scholars More millennials are living at home than at any other time this century Percentage of Young Americans Living With Parents Rises to 75-Year High Millennials are in worse off financial state than any other generation since the great depression The Next Recession Will Destroy Millennials The average American millennial has an $8,000 net worth More Millennials Are Dying ‘Deaths of Despair,’ Report Says Millennials kill industries because they’re poor: Deloitte study 22 percent of millennials say they have “no friends” Millennial men live with their parents more than other generations Millennials ‘more likely to face working-age poverty than any previous generation’ The average millennial has an average net worth of $8,000. That’s far less than previous generations. Millennials Are Suffering, But It’s Not Baby Boomers’ Fault The lost generation: ‘I’m 30-something and still depressed and broke’ The number of adults living with their parents has doubled since 1995 Fewer millennials are making it into the middle class Millennials’ pay still stunted by the 2008 financial crash Millennials being squeezed out of middle class, says OECD Millennial households are poorer than any other generation: Study Millennials buried in debt can’t buy into American Dream Why Millennials Are Facing Financial Struggles We’ve Never Seen Before Millennials Face $1 Trillion Debt as Student Loans Pile Up Millennial debt passes $1 trillion More Than One In Five Millenials Still Live With Mom Less than a third of Canadian millennials think their lives will be better than their parents’ were: Ipsos poll Millennials born in 1980s may never recover from the Great Recession Millennial depression on the rise, study says More than half of millennials in their 30s still banking on Mom and Dad Nearly 50% of millennials have nothing saved, according to a 2018 report Nearly a million more young adults now live with parents — study Millennials are killing countless industries — but the Fed says it’s mostly just because they’re poor The Fleecing of Millennials All the ways Gen X is financially wrecked Millennials’ pay still stunted by the 2008 financial crash New York’s millennials are waiting tables to pay off student loans Me and my quarter-life crisis: a millennial asks what went wrong Millennials struggle to afford homes over high debt, no savings Some millennials aren’t saving for retirement because they don’t think capitalism will exist by then Millennial money: Why young adults still need support from parents Millennials are struggling. Is it the fault of the baby boomers? Millennials say anxiety about money is literally making them sick Young People have never been unhappier, research suggests 1 in 5 millennials with debt expect to die without ever paying it off How Millennials Became The Burnout Generation Millennials Didn’t Kill the Economy. The Economy Killed Millennials. Home ownership among young adults has ‘collapsed’, study finds A $21,000 Cosmetology School Debt, and a $9-an-Hour Job Millennials are spending an insane amount on rent 66% of Millennials have nothing saved for retirement. Poll: Majority of millennials are in debt, hitting pause on major life events Hollywood is suffering its worst-attended summer movie season in 25 years 2017 was the worst year for Hollywood movie ticket sales in the US in over two decades Can Hollywood’s Biggest Media Companies Avoid Getting Crushed by Debt? U.S. Real Estate 25% to 60% Overvalued: Analyst Housing market reminiscent of 2006 bubble, ready to burst — Nobel Prize-winning economist Robert Shiller Housing Market Crisis 2.0 HSBC sounds alarm over ‘vulnerable’ Canadian housing market as global home prices cool Average Americans can’t afford a home in 70 percent of the country $61/Hour Wage Needed To Rent 2-Bedroom In San Francisco, $54/Hour In San Jose Why bubble-era home mortgages are a disaster waiting to happen You need to earn $418,000 to buy home in NYC. Here’s what you need in other major US cities The current bubble could take 2 paths on this chart — one’s nastier than the other Living In A Van in Google’s Backyard? Some Employees Make It Work Millennials dont want baby boomer’s homes Higher home prices mean more Americans struggling to afford homes near work More than 1 in 11 mortgaged properties in the U.S. is considered “seriously underwater” San Francisco’s Median House Price Hits a New High: $1.6 Million You can buy an entire town in Georgia for the cost of a typical home in San Francisco West Coast real estate is now so expensive that married couples are moving in with multiple roommates Home prices soar high as Federal Reserve hopes to avoid big crash New York’s luxury real estate market is in correction The same house costs $500,000 more to build in California than Texas Rising Home Prices Push Borrowers Deeper Into Debt Median income insufficient to buy a home — even cheap ones, Zillow reports U.S. Fertility Rate Reaches a Record Low The U.S. birthrate hits another record low. Even women in their 30s are having fewer babies America’s declining birth rate is a warning sign for millions of people’s finances New moms stuck with crippling medical debt The Relentlessness of Modern Parenting US population growth hits 80-year low, capping off a year of demographic stagnation Americans aren’t making enough babies to replace ourselves Hackers breach dozens of voting machines brought to conference Russians compromised election systems in seven states When Russian hackers targeted the U.S. election infrastructure US officials say foreign election hacking is inevitable Top-Secret NSA Report: Details Russian Hacking Effort Days before 2016 Election The Pentagon’s Cybersecurity Is Falling Behind Global Cyberattack Could Cause Economic Damage of $85b-$193b, Report Finds How America Lost Its Mind How Americans Began Denying Reality Itself Science journalist retires at 98 and warns of Americans who suffer from a ‘thinking disability’ The Self-Destruction of American Power Researchers find IQ scores dropping since the 1970s ‘Never underestimate human stupidity,’ says historian whose fans include Bill Gates and Barack Obama Americans view fake news as a bigger problem than terrorism Actual Journalism Is Under an Asymmetrical Attack Religious fundamentalists and dogmatic individuals are more likely to believe fake news, finds a new study Right-wing individuals are more tolerant of the spreading of misinformation by politicians Fake news sharing in US is a rightwing thing, says Oxford study Older people, conservatives more likely to share fake news: study Republicans baby boomers are more likely to share #fakenews on Facebook Study: Fake news may have won Trump the election UN Special Rapporteur: Donald Trump ‘worst perpetrator’ of fake news populists far more likely to believe in conspiracy theories Partisan, Propaganda, and Disinformation: Online Media and the 2016 U.S. Presidential Election — Harvard Study 59 percent of Americans consider this the lowest point in US history The U.S. Is the Unhappiest It’s Ever Been Americans are more anxious than before The US spends more money on their military (about $610 billion this year) than the next seven countries combined. War Spending Could Bankrupt America. The US Department of Defense is the Worlds Largest Employer U.S. Military Could Collapse Within 20 Years Due to Climate Change, Report Commissioned By Pentagon Says The US is the Worlds Largest Arms Dealer MSU Scholars find $21 Trillion in Unauthorized Government Spending America has spent $5.9 trillion on wars in the Middle East and Asia since 2001, a new study says Chinese billionaire Jack Ma says the US wasted trillions on warfare instead of investing in infrastructure Former VP of Boeing with no military experience is now the ‘acting’ US Secretary of Defense The Pentagon reportedly dropped $4.6 million on crab and lobster and bought a $9,000 chair in a last-minute spending spree The Pentagon’s doctored ledgers conceal epic waste The Pentagon Doesn’t Know Where Its Money Goes The United States Is Notoriously Bad at Counting Civilian Casualties. Its Allies Are Even Worse. The United States Has a Superb Military That Never Gets the Job Done The Pentagon spends more on war than all 50 states combined spend on health, education, welfare, and safety. Pentagon Video Warns of “Unavoidable” Dystopian Future for World’s Biggest Cities Military survey finds deep dissatisfaction with family housing on U.S. bases Trump Finds Reason for the U.S. to Remain in Afghanistan: Minerals US military consumes more hydrocarbons than most countries — massive hidden impact on climate The US government spends $20 billion annually just to provide air conditioning for military installations in Iraq and Afghanistan. In essence, what we’re doing is “we’re air conditioning the desert A government audit, found that defense contractor Boeing has been massively overcharging taxpayers for mundane parts, resulting in tens of millions of dollars in overspending. Once all the expenses of delivering gas to troops in the field are factored in, we’re paying between $18–30 per gallon for gas in Iraq and Afghanistan. US military ‘could lose its next war’ with Russia or China, warns Rand Corporation The US has been getting ‘its ass handed to it’ in war games simulating fights against Russia and China Army Study: US strategy to ‘dethrone’ Putin for oil pipelines might provoke WW3 Pentagon bracing for public dissent over climate and energy shocks Libya in chaos since overthrow of Kadhafi US ‘might lose’ war against China or Russia, report to Congress says National debt hits new milestone, topping $22 trillion Federal Debt and the Risk of a Fiscal Crisis The US has the largest federal debt in the entire world The Debt Threat to the Economy New Evidence on Debt as an Obstacle to US Economic Growth Gundlach Warns U.S. Economy Is Floating on ‘an Ocean of Debt’ Janet Yellen: A debt crisis is coming Fed Chairman Powell says he is ‘very worried’ about growing amount of U.S. debt Fed Chair Powell: ‘The U.S. federal government is on an unsustainable fiscal path’ The Debt Crisis Is Coming Soon In a decade, the federal debt held by the public will reach nearly $82,000 per American US National debt rose to record high $21.974 trillion at the end of 2018 As Debt Rises, the Government Will Soon Spend More on Interest Than on the Military Federal Budget Deficit Projected to Soar to Over $1 Trillion in 2020 Trump shrugs off future debt crisis: ‘I won’t be here’ US national debt rises $2 trillion under Trump U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit The debt is still out of control Federal debt bomb moves closer to detonating The US national debt problem is only getting worse US GDP Minus Debt U.S. growth would have contracted without trillions in gov’t, consumer debt -Gundlach US Debt VS Full Time Jobs Created Just Four Large Countries Have a Higher Debt Burden Than the U.S. Total Public Debt as Percent of Gross Domestic Product Tops 104% Debt Denial Is a Threat to America Top Economist: America: The Future Looks Broke
Professor Laurence Kotlikoff from the University of Boston is, according to The Economist, one of the 25 most influential economists in the world. He says America’s official debt paints an untrue fiscal picture.
“The problem is the official debt is only the debts that politicians decide to put on to the books. Politicians are able and free to put whatever they want on to the books and keep other things off the books.” What doesn’t get recorded is the value of all future government liabilities and the value of all future receipts, what he calls fiscal gap accounting. Future liabilities would be social security benefits, pensions, health care benefits and defence. These liabilities minus future receipts gives the true picture, Kotlikoff says.
“For the US, the fiscal gap is not $US20 trillion, which is the size of the official debt, but it’s
$US200 trillion, ten times larger. So the country’s bankrupt.” The world is drowning in debt, warns Goldman Sachs The World Is Drowning in Debt Rising Emerging-Market Debt Sparks Anxiety Government debt hits record $66 trillion, 80% of global GDP, Fitch says China central bank chief warns of ‘Minsky moment’ China’s grand plan hit by delays and debt fears As China’s Debt Balloons, Other Emerging Markets Fail to Take Off Debt, Not Trade War, Is China’s Biggest Problem Bass Says China Is ‘Just a Paper Tiger’ As China’s debt soars, the market for buying bad loans revs up China’s Silk Road Isn’t So Smooth China’s looming great wall of debt may have ‘major global implications’ China and emerging market debt bubble set to burst George Soros warns the European Union is on the brink of collapse — and Trump is partly to blame American investor Jim Rogers warns of severe economic downturn and forecasts grim future for Japan IMF chief warns of high Arab public debt Japan’s debt passes 250% of GDP Italy could blow up Europe as we know it European Central Bank sends Italy a warning over debt EU Sets in Motion Discipline Process Against Italy Over Debt German Bundesbank comes clean on euro default risks after Italy’s ‘parallel currency’ decree Italy has excessive economic imbalances, a risk to euro zone: EU Why Italy’s Debts Are Europe’s Big Problem Doomed: How There’s No Way Out Of The Debt Crisis For Italy Debt and doom loops: The eurozone’s Italian nightmare Europe Is Emerging as the Real Weak Link for Global Economy Brazil tumbles deeper into its worst ever depression Why Latin America’s economies are stagnating Source: Bloomberg 12/1/19
Government Intervention is triggered by a Keynesian belief that aggregate demand can be increased by lower interest rates and by increasing government deficits thereby somehow spurring economic growth. Debt grows faster than income growth and eventually has to be restructured, i.e., everyone loses in the end. Since 2007,
global debt has grown by US$57 trillion and it’s had disastrous results. Greece, Detroit, Puerto Rico, Venezuela are just the beginning of this trend. Soon, it will be followed by larger countries like China and United States. ‘WORSE THAN 2007’: Top central banker warns of looming wave of worldwide bankruptcies Global debt surges to highest level in peacetime Why we should all be worried about the global economy Global debt now totals $246.5 trillion after unprecedented borrowing binge. The world is swimming in $244 trillion of debt The Decade of Deleveraging Didn’t Quite Turn Out That Way Total global debt tops 325 pct of GDP as government debt jumps: IIF World Bank President David Malpass says there is too much debt in the world Explosion of global debt biggest risk to world’s financial system, Bank of Canada warns Emerging market debt hit a record high of $69 trillion Chilling Davos: A Bleak Warning on Global Division and Debt China’s loans to other countries are causing ‘hidden’ debt. That may be a problem China’s debt at 303% of GDP, 15% of global total: Report Global debt rose to $237 trillion in 2017, highest level on record Over 60% Of All New Debt Created Globally In Past Decade Was In China The world’s mounting debt crisis must solved before it blows up in our face Debt Worldwide Hits Record $184 Trillion, or $86,000 Per Person World Bank CEO Adds to Voices of Worry Over Global Debt Pileup A Worldwide Debt Default Is Coming How global debt has changed since the financial crisis IMF’s firepower insufficient to respond to major new crisis: BIS head Beware: The worldwide debt monster is rearing its ugly head Global debt ticks up, just shy of record high -IIF Global Debt Monitor Retail defaults soar to record high in 2018 Store closures accelerate and may top 12,000 in 2019. Here’s what’s closed so far this year A Nation of Broke People Are Killing Retail More Than Amazon: Top Expert Don’t Blame Amazon for the Retail Apocalypse The retail apocalypse has claimed 6,000 US stores in 2019 so far, more than the number that shut down in all of 2018 With So Many Vacant Stores, E-Commerce Is Only Part of the Problem Apparel retail earnings haven’t been this bad since the Great Recession Dressbarn closing all of its 650 stores after decades in business These haunting photos reveal the retail apocalypse ripping through America Are more store closings coming? Firm forecasts ‘No light at the end of the tunnel’ Malls see tsunami of store closures as foot traffic declines further More than 5,300 stores are closing in 2019 as the retail apocalypse drags on Online sales only make up 9 percent of all retail sales in America America’s ‘Retail Apocalypse’ Is Really Just Beginning Europe’s Retail Apocalypse Spreads to Online From Stores Walmart is quietly closing stores — here’s the full list J.Crew is kicking off 2019 with a set of store closings Payless ShoeSource will close all 2,100 shoe stores in biggest retail liquidation ever The continuation of the ‘retail apocalypse’: Retailers closed thousands of stores in 2018 Sears plans to liquidate after 126 years in business What in the World Is Causing the Retail Meltdown of 2017? A tsunami of store closings is about to hit the US — and it’s expected to eclipse the carnage of 2017 Retailers Are Going Bankrupt at a Record Pace More than 6,300 stores are shutting down — here’s the full list JCPenney stock falls below $1 for the first time ever Payless ShoeSource to close all US stores, file for bankruptcy again: report Owners of failing malls ‘on their knees’ as buyers disappear Mall Vacancies Reach Six-Year High as Retail Slump Batters Local Economies Around half of all shopping Malls in America are scheduled to close by 2023 This Mall Is Only for the Rich, and It’s Doing Fine Victoria’s Secret to close 20 stores in 2018 Online sales only make up 9 percent of all retail sales in America. The Big Mac index Why The Consumer Price Index Is Controversial 7 things you could buy for $1 in 1950 More Americans Are Getting Their Electricity Cut Off The Fed says inflation is low but you don’t agree. Hospitals’ prices keep going up Prepare to Pay More for Diapers, Clorox and Cat Litter Why Your Water Bill Is Rising Much Faster Than Inflation Government to Cigna: Drug Pricing is Broken Senators tell drug company executives pricing is ‘morally repugnant’ Drug companies greet 2019 with U.S. price hikes on more than 250 prescription drugs Drug companies are sitting on generics — 43% of recently approved aren’t for sale America’s Insanely Expensive Child Care Is a Serious Economic Problem Higher tuition fees are distorting the choices poorer students make Why the US has higher drug prices than other countries 10 charts that show the effect of tuition fees Affordable Water in the US: A Burgeoning Crisis Insulin has become so expensive that this diabetic is trying to make his own Big Pharma returning to U.S. price hikes in January after pause When companies raise prices, they make the rich richer at everyone else’s expense, study finds Health costs per capita in OECD countries Over half of Americans are struggling to pay their medical bills The U.S. healthcare system: ranked worst in the developed world U.S. Health Care Spending Highest Among Developed Countries U.S. lawmakers want NIH and CDC foundations to say more about donors Many U.S. hospitals mark up prices 1,000 percent: study 137 million Americans suffered hardships from medical costs Experts Shocked to Learn US Centers for Disease Control Taking Drug Company Funding 25% of cancer survivors reported problems paying medical bills, CDC study findsE 72 million Americans struggle with medical debt This is the real reason most Americans file for bankruptcy Americans Are Going Bankrupt From Getting Sick These states leave the most mentally ill adults untreated. Guess what else they have in common. Doctor Prescribing Linked to Industry Gifts University of Minnesota study says doctors who received payments overprescribed rising class of painkillers Michigan Blue Cross CEO’s $19.2M pay is higher than Ford, FCA bosses Americans Far Less Healthy, Die Younger Than Global Peers, Study Finds The U.S. drops to 35th place in a ranking of the world’s healthiest countries. That’s lower than Cuba Why private, for-profit health care is a terrible idea 42% of new cancer patients lose their life savings Critical condition: The crisis of rural medical care CDC: One-third of uninsured can’t afford to take drugs as prescribed To end the HIV epidemic, addressing poverty and inequities one of most important treatments “People are dying”: Diabetics rationing insulin amid rising drug prices Almost half of all US adults have heart disease, study says Low-Income Workers Are Less Likely to Receive Employer-Funded Insurance World Health Organization — World Healthcare Rankings: United States (37) Medical Bills Are the Biggest Cause of US Bankruptcies: Study American babies are 76% more likely to die before their first birthday than those born in other wealthy countries Coke and CDC, Atlanta icons, share cozy relationship, emails show Rural hospitals are collapsing throughout Tennessee, creating health care deserts in poor, far-flung towns where residents are the most vulnerable. Stripper turned pharma exec gave doctor a lap dance to get him to prescribe fentanyl spray, officials say Doctor Prescribing Linked to Industry Gifts Why medical bills in the US are so expensive Big Pharma shells out $20B each year to schmooze docs, $6B on drug ads U.S. health care industry spends $30 billion a year on marketing Doctors and hospitals got at least $3.5 billion from industry in just five months A $20,243 bike crash: Zuckerberg hospital’s aggressive tactics leave patients with big bills Drug company made rap video to push for higher doses, sales Two-thirds of Americans see docs who got paid by drug companies Dollars for Docs -ProPublica What It’s Like Living Without Health Insurance in America Majority of Americans are one medical emergency away from financial ruin The health care industry is bound to collapse soon, experts say Here’s how much being unhealthy will cost you CDC banned from using ‘evidence-based’ and ‘science-based’ in official documents: report The Disappearing Doctor: How Mega-Mergers Are Changing the Business of Medical Care Former pharma CEO pleads guilty to bribing doctors to prescribe addictive opioids Why do poor Americans eat so unhealthfully? Because junk food is the only indulgence they can afford Americans Are Shrinking, While Chinese And Koreans Sprout Up Why the Wealthy Are Healthy Wealth secures health Physicians, Depression and Burnout US infrastructure report card: D+ US infrastructure is crumbling, and it needs lots of money to fix it: Civil engineer group America’s infrastructure is decaying — here’s a look at how terrible things have gotten: Pictures, details America’s infrastructure is falling apart — here’s a look at how bad things have gotten At our current pace it’ll take 80 years to repair all the structurally deficient bridges in the US, a report finds More than 50,000 American bridges are falling apart The State of U.S. Infrastructure -Council on Foreign Relations Major Power Outages In New York City, San Francisco Come Amid Worries About Failing Infrastructure US cities may have to be bulldozed in order to survive America’s Virtual Border Wall Is a 1,954-Mile-Long Money Pit U.S. electricity blackouts skyrocketing Energy and Civilization Chevron CEO warns US shale oil alone cannot meet the world’s growing demand for crude Schlumberger CEO: Can U.S. shale meet future global oil demand? Shale Oil Will Boost U.S. Production, But It Won’t Bring Energy Independence US energy independence could prove to be an illusion It takes 2,500 shale wells a year just to sustain output of 1 million barrels a day in North Dakota’s Bakken shale, according to IEA. Iraq could do the same with 60 conventional wells. Firms that burn up $1bn a year are sexy but statistically doomed U.S. Oil Companies Find Energy Independence Isn’t So Profitable A New U.S. Oil Production Peak Looks Imminent A ‘’Gusher Of Red Ink’’ For U.S. Shale More than 75% of dedicated US shale oil companies are unprofitable Shale return on investment peaked in 2017. -Rystad U.S. Shale Is Doomed No Matter What They Do
North American exploration and production companies have seen their
net debt balloon from $50 billion in 2005 to nearly $200 billion by 2015. U.S. Vastly Overstates Oil Output Forecasts, MIT Study Suggests Problems for US Producers at $50
According to the
Wall Street Journal, since 2010, the US shale industry has spent $265 billion more than it has generated. US Shale Companies are Burning through Cash Nine in ten US shale oil companies were burning cash in Q1 2019 US Shale Companies Facing “Catastrophic Failure” over Ballooning Debt Can U.S. Shale Overcome Its Cash Flow Problem? Fracing’s Secret Problem — Wells Aren’t Producing as Much as Companies Forecast U.S. Oil Has One Fatal Weakness Wall Street Loses Faith In Shale BP questions pace of US tight oil growth as productivity fades The IEA is grossly overestimating shale growth Rystad: US Shale Production To Peak At 14.5 Million Bpd in 2030 Peak U.S. Shale Could Be 4 Years Away Is Peak Permian Only 3 Years Away? BP questions pace of US tight oil growth as productivity fades Shale Skeptic Forecasts Imminent Demise for Permian and Eagle Ford Shale Produces Oil, Why Not Cash? U.S. Shale Has A Glaring Problem America Is Producing the Wrong Kind of Oil Big Fracking Profits at $50 a Barrel? Don’t Bet on It Shale Trailblazer Turns Skeptic on Soaring U.S. Oil Production Frackers Scrounge for Cash as Wall Street Closes Doors Is Wall Street Funding A Shale Failure? Hedge fund star David Einhorn calls fracking companies a joke Shale Pioneer: Fracking Is An “Unmitigated Disaster” How the Financial Crisis Created the Fracking Revolution Wall Street Tells Frackers to Stop Counting Barrels, Start Making Profits The Next Financial Crisis Lurks Underground Could Fracking Industry Debt Trigger a Financial Crisis? The Shale Gas Revolution Is A Media Myth Insider Documents: Industry Privately Skeptical of Shale Gas US Shale: How Smoke And Mirrors Could Cost Investors Millions US shale investors still waiting on payoff from oil boom US Real Cost per Crude Oil, Natural Gas, and Dry Well Drilled -EIA As M. King Hubbert (1956) shows, peak oil is about discovering less oil, and eventually producing less oil due to lack of discovery. Rystad Energy Oil Discoveries Hit 70-Year Low Oil Discoveries Recover, But Still Far From Replacing Output RYSTAD: 2018 Oil discoveries 9.4 billion barrels Oil discoveries in 2017 hit all-time low –Houston Chronicle All-Time Low For Discovered Resources in 2017: Around 7 Billion Barrels of Oil Equivalent Remember Peak Oil? It’s back! Will peak oil save Earth’s climate? The Biggest Saudi Oil Field Is Fading Faster Than Anyone Guessed Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines Global crude oil discoveries plunge to record low, and it’s gonna get worse Warning of oil shortages as discoveries fall to record low Oil Discoveries at 70-Year Low Signal Supply Shortfall Ahead The Oil Industry Needs Large New Discoveries, Very Soon Peak Oil & Drastic Oil Shortages Imminent, Says IEA The Largely Ignored Problem Of Global Peak Oil Will Seriously Hit In A Few Years Oil peak likely by 2025, according to the International Energy Agency There will be an oil shortage in the 2020’s, Goldman Sachs says Growing demand for oil will lead to shortage and high prices in 2020s Is An Oil Supply Crunch Looming? IEA: Crunching the numbers: are we heading for an oil supply shock? Sleepwalking Into The Next Oil Crisis Is An Oil Supply Crunch Inevitable? -Nasdaq The Inevitable Oil Supply Crunch Oil Executive: Industry Needs To Find ‘Another Iraq Or North Sea’ Every Year To Meet Demand Growth IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows IEA warns of oil supply crunch after 2020 IEA 2018 World Energy Outlook: Peak oil is here, oil crunch by 2023 Oil markets may see a supply gap in the early 2020s, says IEA Oil Market Reliance on U.S. Shale Potential Is Risky, IEA Says Why the IEA is worried about an oil supply crunch Oil price will soar without investment in capacity, says watchdog International Energy Agency: Oil price spike coming in 2020 Saudi Arabian oil reserves are overstated by 40% — Wikileaks Saudi Arabia’s Energy Minister Warns of World Oil Shortages Ahead Saudi Aramco chief warns of looming oil shortage Saudi Aramco CEO believes oil shortage coming despite U.S. shale boom Saudi Aramco CEO sees oil supply shortage coming as investments, discoveries drop Saudi Arabia ‘may run out of oil to export by 2030’ The collapse of Saudi Arabia is inevitable An oil crisis may be brewing — and it’s not because of decreasing demand Venezuela’s collapse is a window into how the Oil Age will unravel 10 Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC The underinvestment could cause a super-spike “potentially much larger than” $150 a barrel. UAE warns of world oil shortages ahead by 2020 due to industry spending cuts Halliburton CEO says oil will spike due to oil shortages by 2020 after Industry Cuts Total CEO warns we are going to have oil shortages around 2020 due to lack of investment & new discoveries Repsol boss warns of oil supply crunch after spending squeeze Wood Mackenzie warns of oil and gas supply crunch Permian Won’t Be Enough — Prepare for Supply Gap and ‘a Decade of Disorder’ Oil shortages could push prices all the way to $80, commodities expert says Oil is escaping from ‘purgatory,’ as supply fears shift from glut to shortage World Oil Shortages To Lead To Oil Price Spike By 2020s, warns Goldman Sachs VP UBS Global Bank warns of industry slowdown and world Oil Shortages by 2020 The underinvestment could cause a super-spike “potentially much larger than” $150 a barrel. Citigroup CEO Ed Morse warns of oil shortages coming soon 2020s To Be A Decade of Disorder For Oil All That New Shale Oil May Not Be Enough as Big Discoveries Drop Wood Mackenzie warns of oil supply crunch and world oil shortages around 2020 People are almost completely ignoring a looming crisis for oil Energy watchdog warns oil and electricity shortages could develop as investment falls Opec believed to overstate oil reserves by 70% How an oil glut could swiftly turn to an oil shortage — Houston Chronicle IEA: Warning: Oil supplies are running out fast Why investors’ should brace for a devastating oil shortage ahead The decline of the world’s major oil fields Former BP geologist: peak oil is here and it will ‘break economies’ North Dakota Department of Mineral Resources Director “We could have worldwide oil crisis by 2021” 50% Of Proved Oil Reserves May Have Just Vanished It Will Take 131 Years To Replace Oil, And We’ve Only Got 10 IEA: Russia’s oil output to reach its peak in 2020 Russia’s Peak Oil Production Could Be Just Three Years Away Russia plans to reduce oil production in 2022 Mexico Oil Reserves Gone in 9 Years Without New Finds World Bank Warns Of Extreme Volatility In Oil Markets IEA: Oil markets are entering an era of unprecedented volatility Imminent peak oil could burst US, global economic bubble — study Peak Oil And The Fall Of The Soviet Union: Lessons On The 20th Anniversary Of The Collapse Impending Soviet Oil Crisis: CIA (1977) Is the oil industry able to support a world that consumes 105 million barrels of oil per day in 2025? Peak Oil May Be Imminent (Reynolds 2015) International Association for Energy Economics Peak oil is not a myth -The Royal Society of Chemistry The future of oil supply –The Royal Society of Science Peak Oil: Theory or Myth? -Live Science Has Petroleum Production Peaked, Ending the Era of Easy Oil? Predicting Peak Oil (Hall 2016) Science Peak Oil may keep Climate Change in Check A Regional Oil Extraction and Consumption Model. (Dittmar 2017) Regional Oil Extraction and Consumption: A Simple Production Model for the Next 35 years (Dittmar, 2016) An Estimation of Different Minimum Exergy Return Ratios Required for Society HSBC Global Bank: 81% of world liquids production already in decline and world oil shortages ahead A global energy assessment (Jefferson 2015) Energy return on investment, peak oil, and the end of economic growth (Murphy, (2010) World’s oil supply gone by 2041, study says Oil’s Tipping Point Has Passed (James Murray & Sir David King 2012) World Oil Production 2018–2050: World Energy Annual Report Projection of World Fossil Fuels by Country (Mohr, 2015) Economic Vulnerability to Peak Oil (Kerschner 2013) Limitations of Oil Production to the IPCC Scenarios: The New Realities of US and Global Oil Production (Murray 2016) We’re still on the slippery slope to peak oil Oil shortages, climate change and collective action ( Newberry 2011) Energy and the food system (Woods 2010) The implications of the declining energy return on investment of oil production (Murphy 2014) Decline and depletion rates of oil production: a comprehensive investigation (Hook 2014) Crude Oil — the Supply Outlook — EWG (2008) Oil Extraction, Economic Growth, and Oil Price Dynamics (Schindler 2017) Economic Consequences Of Peak Oil For The Major Multinational Oil And Gas Companies (Amate 2018) EROI of different fuels and the implications for society (Hall 2014) Energy Return on Investment, Peak Oil, And the End of Economic Growth (Murphy, & Hall, 2011) Energy Expenditure, Economic Growth, And the Minimum EROI of Society (Fizaine 2016) Forecasting OPEC crude oil production using a variant Multicyclic Hubbert Model (Ebrahimi 2015) Analyzing the DeGolyer & MacNaughton Audit of Saudi Crude Oil Reserves What Saudi Aramco’s Bond Offering Says About the Ghawar Oil Field Saudi Proven Crude Oil Reserves: The Myth & the Reality Revisited Aging giant oil fields produce more than half of global oil supply and are declining (Hook, 2009) Global oil depletion: A review of the evidence (Sorrell 2010) Forecast for US oil and gas production (Laherrère & Hall 2018) Forecasting the limits to the availability and diversity of global conventional oil supply: Validation (Perez 2014) The End of Peak Oil? Why this topic is still relevant despite recent denials (Chapman, 2014) IMF: The Future of Oil — Geology vs Technology The End of Cheap Oil Energy and public health: the challenge of peak petroleum (Frumkin H 2009) USA DOE Study: Peaking of World Oil Production (Hirsch, 2005) USA GAO Study: Uncertainty about Future Oil Supply. Addressing a Peak and Decline in Oil Production Australian Government (Leaked) Study: concludes world peak oil around 2020 German Military (leaked) Peak Oil study: oil is used in the production of 95% of all industrial goods, so a shortage of oil would collapse the world economy & world governments ‘Peak Oil’ and the German Government China Government Study: China’s Oil Production is About to Peak in 2018 & Coal in 2020 (Wang, 2017) Edinburgh Study: Only 10 years of UK’S North Sea Oil and Gas Remaining (Thompson, 2017) Russian Oil Production Outlook to 2020 Shell forecasts global Natural Gas supply shortage in mid-2020s Chevron expects global Natural Gas supply shortage by 2025 RYSTAD: Major Natural Gas Shortage Increasingly Likely Europe’s Biggest Natural Gas Producer Is Running Out of Fuel Natural gas as answer to oil decline could lead to catastrophe, says leading expert US ‘asleep at the wheel’ as nuclear industry faces collapse while climate change looms The coming nuclear energy crunch The end of cheap uranium (Dittmar 2013) Can The U.S. Keep Its Nuclear Industry Afloat? IEA: Nuclear energy set for risky, significant decline USA must take action on nuclear policy, says IEA’s Birol Declining use of nuclear power may increase reliance on fossil fuels: study Power density of various renewable and non renewable energy sources Source: IEA Source: Can the world kick its fossil-fuel addiction fast enough? Renewable energy ‘simply won’t work’: Top Google engineers Solar and Wind produced less than two percent of total world energy in 2016 — IEA WEO 2017 Renewable energy push barely dents fossil fuel dependence
Former NASA scientist and climate advocate James Hansen said “suggesting that
renewables will let us phase rapidly off fossil fuels in the United States, China, India, or the world as a whole is almost the equivalent of believing in the Easter Bunny and Tooth Fairy.” Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countries (Marques, 2018) The “New Energy Economy”: An Exercise in Magical Thinking If You Want ‘Renewable Energy,’ Get Ready to Dig Despite renewables growth, there has never been an energy transition It Will Take 131 Years To Replace Oil, And We’ve Only Got 10 Warning of shortage of essential minerals for laptops, cell phones, electric cars, solar panels, wiring We Might Not Have Enough Materials for All the Solar Panels and Wind Turbines We Need We Don’t Mine Enough Rare Earth Metals to Replace Fossil Fuels With Renewable Energy Bill Gates: We need global ‘energy miracles’ Study predicts world economy unlikely to stop relying on fossil fuels The world is not spending enough money to put fossil fuel out of business — and it probably never will ‘Most renewable energy companies’ linked with claims of abuses in mines Why technology can’t solve all of our problems Do Alternative Energy Sources Displace Fossil Fuels? (York 2012) Shortage of resources for renewable energy and food production (Rhodes 2011) Top scientists show why powering US using 100 percent renewable energy is a delusional fantasy Why sustainable power is unsustainable Renewable energy mix played role in SA blackout, third AEMO report confirms At this rate, it’s going to take nearly 400 years to transform the energy system Desert sun in Qatar too hot for solar panels to work Air Pollution Casts Shadow over Solar Energy Production Solar power — largest study to date discovers 25 percent power loss across UK Insane: Germany Will Need 3,000 Wind Turbines To Replace This Workhorse Nuke Plant IT TAKES OVER 150 WIND TURBINES (1.5 MW models) TO PROVIDE THE MINIMAL POWER NECESSARY FOR 1 SHOPPING MALL The down side to wind power Germany’s Expensive Gamble on Renewable Energy Germany’s renewable energy program, Energiewende, is a big, expensive failure Germany Runs Up Against the Limits of Renewables The Reason Renewables Can’t Power Modern Civilization Is Because They Were Never Meant To Why we can’t reverse climate change with ‘negative emissions’ technologies Rebound, Backfire, and the Jevons Paradox The Curse of Energy Efficiency According to the IEA, an estimated 50 million electric vehicles will be in operation by 2025, and 300 million by 2040, compared to about 2 million vehicles currently on the road. That growth is expected to reduce global oil demand by 2.5 million barrels a day or about 2%. A factor of 6-to-1 easily offsets that reduction with increased demand from petrochemicals, trucks, shipping and aviation — areas the IEA says could lead to net demand growth of up to 14 million barrels a day.
All told, the IEA expects net oil demand to be 12 million barrels a day higher in 2040 compared to 2016.
Not enough lithium to electrify transportation How Much Oil is in an Electric Vehicle? Electric cars will not stop rising oil demand, says IEA chief IEA Chief: EVs Are Not The End Of The Oil Era Are Automakers Overestimating EV Demand? Saudi Aramco CEO Rebukes Peak Oil Demand ‘Hype’ Saudi Aramco says electric vehicles won’t heavily impact oil demand IEA Sees No Peak Oil Demand ‘Any Time Soon’ EV’s have decreased global oil demand by less than 3% since 2011 BP’s ‘Peak Oil’ Demand Prediction Falls Flat Shell is Wrong: Global Oil Demand Can Only Increase Why the electric vehicle revolution will bring problems of its own Understanding the life of lithium ion batteries in electric vehicles AAA: Cold weather can cut electric car range over 40 percent Don’t be too optimistic about electric car forecasts Tesla, Jaguar and Nissan EVs lose range in freezing temps as polar vortex leaves electric car owners out in the cold Tesla Model 3 Costs More To Charge Than A Gasoline Car L.A. to Vegas and Back by Electric Car: 8 Hours Driving; 5 More Plugged In Corn better used as food than biofuel, study finds Are electric cars worse for the environment? Morgan Stanley Says Electric Cars Create More CO2 Than They Save Electric vehicles emit more CO2 than diesel ones, German study shows Study reveals that green EV incentives could actually be increasing CO2 emissions The Myth Of An Imminent Energy Transition We no longer have faith in technology to solve global issues The world agrees that Earth is getting warmer
The 20 warmest years on record have been in the past 22 years, with the top four in the past four years,
according to the World Meteorological Organization (WMO) Climate crisis: 11,000 scientists warn of ‘untold suffering’ The last five years have been Earth’s warmest since records began Shift the focus from the super-poor to the super-rich (Otto, 2019) | NATURE June was the hottest month ever recorded on Earth Global warming could devastate civilization by 2050: report Earth’s carbon dioxide levels are highest they’ve been in millions of years BP Warns Of An Unsustainable Path UN chief urges action to avert climate change ‘catastrophe’ Warning to Davos: world ‘sleep-walking’ into climate disaster Satellite confirms key NASA temperature data: The planet is warming — and fast U.N. Secretary-General Warns of ‘Total Disaster’ If Global Warming Isn’t Stopped We Have Five Years To Save Ourselves From Climate Change, Harvard Scientist Says Earth’s oceans could rise over 6 feet by 2100 as polar ice melts, swamping coastal cities such as NYC Air pollution in cities ‘as bad for you as smoking 20 cigarettes a day’ Global warming has increased global economic inequality Air pollution killing more people than smoking, say scientists Climate change: Sir David Attenborough warns of ‘catastrophe’ Global carbon emissions hit record high in 2018: IEA U.S. and Canadian oil production pushing planet’s climate goals out of reach, says IEA Scientific consensus on humans causing global warming passes 99% Heat to smash records every year across vast swathes of Earth Out of history’s trash heap, clues to climate’s role in ancient collapse We need to rethink everything we know about global warming: New calculations show scientists have grossly underestimated the effects of air pollution Marks of the Anthropocene: 7 signs we have made our own epoch Global warming: Earth carbon dioxide levels highest in 3 million years Climate and economic risks ‘threaten 2008-style systemic collapse’ The last five years have been Earth’s warmest since records began Evidence for man-made global warming hits ‘gold standard’: scientists Study shows IPCC is underselling climate change Earth just had its 400th straight warmer-than-average month thanks to global warming 2018 Is the Fourth-Hottest Year on Record It is absolutely time to panic about climate change Medical community must sound alarm about climate change’s negative effects on health Scientists’ warning to humanity: microorganisms and climate change It’s already too late: the inevitability of our climate doomsday Global Temperature in 2018 and Beyond (Hansen, 2019) Climate risk makes 2008 crisis look like a breeze Climate change: World heading for warmest decade, says Met Office Carbon dioxide levels will soar past the 410 ppm milestone in 2019 The planet’s 4 warmest years on record have all occurred since 2015 250,000 deaths a year from climate change is a ‘conservative estimate,’ research says U.N. Predicts Disaster if Global Warming Not Checked Time to Panic: The planet is getting warmer in catastrophic ways. And fear may be the only thing that saves us. U.S. Midwest Freezes, Australia Burns: This Is the Age of Weather Extremes Climate change is making us sicker and shortening our lives, doctors say Global temperature 1850 to 2018 compared to pre-industrial values Global carbon emissions hit record high in 2017 ‘The Uninhabitable Earth’ explores climate doomsday The World Is Losing Fish to Eat as Oceans Warm, Study Finds A terrifying look at the consequences of climate change Canada’s forests actually emit more carbon than they absorb Climate change could zap clouds, bake the Earth even more More extreme and more frequent: Drought and aridity in the 21st century Climate Change Tipping Point Could Be Coming Sooner than We Think Oceans warming faster than expected, set heat record in 2018, scientists say Source apportionment of circum-Arctic atmospheric black carbon from isotopes and modeling The Anthropocene epoch: scientists declare dawn of human-influenced age Domino-effect of climate events could move Earth into a ‘hothouse’ state Trajectories of the Earth System in the Anthropocene” (or “hothouse earth”) Defining the Anthropocene (Lewis 2015) Nature Less than 2 °C warming by 2100 unlikely (Raftery 2017) Nature What Future for the Anthropocene? A Biophysical Interpretation (Bardi 2016) More Than 250,000 People May Die Each Year Due to Climate Change Current fossil fuel infrastructure does not yet commit us to 1.5 °C warming Industrial methane emissions are 100 times higher than reported, researchers say Carbon dioxide (CO2) levels this century will alter the protein, micronutrients, and vitamin content of rice grains with potential health consequences for the poorest rice-dependent countries (Zhu 2019) Science Global warming of oceans equivalent to an atomic bomb per second Climate Change May Cause Increased Rates of Heart Defects in Babies Why heatwaves are the silent killers more devastating than hurricanes Climate change impacts worse than expected, global report warns Are Antarctica’s Glaciers Collapsing? Devastating climate change could lead to 1m migrants a year entering EU by 2100 Climate models are even more accurate than you thought Risks of ‘domino effect’ of tipping points greater than thought, study says Are We Living Through Climate Change’s Worst-Case Scenario? Extreme weather linked to climate change caused billions in damage this year, new report finds The Next Financial Crisis Could Be Caused by Climate Change Greenland’s Melting Ice Nears a ‘Tipping Point,’ Scientists Say Climate Change Is a Public Health Emergency Major Climate Report Describes a Strong Risk of Crisis as Early as 2040 Risks of ‘domino effect’ of tipping points greater than thought, study says Global warming will happen faster than we think How soon will climate change force you to move? Climate change may have played a significant role in the collapse of the Akkadian Empire Climate action must now focus on the global rich and their corporations Social and economic impacts of climate (Carleton 2016) Science The broad footprint of climate change from genes to biomes to people (Scheffers 2016) Science Ancient Antarctic ice sheet collapse could cause a global flood Armed-conflict risks enhanced by climate-related disasters in ethnically fractionalized countries ( Schleussner 2016) Quantifying the influence of global warming on extreme climate events ( Diffenbaugh 2017) Warming World Impacts By Degree Earth just had its 400th straight warmer-than-average month thanks to global warming Harrison Ford: leaders who deny climate change are ‘on the wrong side of history’ Climate change is already causing widespread local extinction in plant and animal species Climate change will affect gender ratio among newborns, scientists say Military buildup in Arctic as melting ice reopens northern borders The US Is Burning Up, But No One Wants to Talk About The Elephant in The Room Shocking Global Map Shows the Extent of a Global Heat Wave Terrifying climate change warning: 12 years until we’re doomed Increase of extreme events in a warming world (Rahmstorf 2011) Climate models have underestimated Earth’s sensitivity to CO2 changes, study finds Air pollution ‘as bad as smoking in increasing risk of miscarriage’ The World’s richest 10% produce half of global carbon emissions. Billionaires Are the Leading Cause of Climate Change Pentagon Fears Confirmed: Climate Change Leads to More Wars and Refugees Our planet is one big fireball Organic food worse for the climate? How archaeology can help us understand climate change Glaciers Are Retreating. Millions Rely on Their Water. Climate change will fuel more wars and displacement in the Middle East, experts warn David Attenborough: The world’s oceans are under the greatest threat in human history A meteorologist’s warning: We’re running out of time to save ourselves How smartphones are heating up the planet Arctic permafrost might contain ‘sleeping giant’ of world’s carbon emissions Wave of Climate Migration Looms, but It “Doesn’t Have to Be a Crisis” Violence, infectious disease and climate change contributed to Indus civilization collapse Central bank chiefs sound warning on climate change Caravan Provides a Preview of Climate Migrations, Experts Say Climate change is exacerbating world conflicts, says Red Cross president The air in Germany’s capital is currently so bad, it’s violating EU law Conservatives Are Purposely Making Their Trucks Spew Black Smoke To Protest Environmentalists Chart Source: NOAA How global warming makes hurricanes more severe Hurricane Maria ‘killed 4,600 in Puerto Rico’- 70 times the official toll, a Harvard University study says Harvey dumped 33 trillion gallons on Texas, southern US The indirect cost of natural disasters and an economic definition of macroeconomic resilience Megadisasters devastated America in 2017. And they’re only going to get worse After Worst Hurricane Season Ever, 2018 Will Be Above Average Eight Billion-Dollar Weather Disasters Have Hit the U.S. So Far in 2016 Brutal Choice in Houston: Sell Home at a Loss or Face New Floods U.S. High-Tide Flooding Has Doubled in 30 Years, NOAA Report Says Yes, You Can Blame Bad Storms on Climate Change Human-driven climate change meets “gold standard” of scientific certainty Extreme weather shatters records around the world During Record-Breaking Heat Wave, California Sees Nearly 240 Wildfires Within a Week Climate disasters cost $650 billion over 3 years — Americans are bearing the brunt: Morgan Stanley California’s Camp Fire Was The Most Expensive Natural Disaster Worldwide In 2018 Catastrophic fires are a reckoning for Californians and their ‘new normal.’ Has the state reached a tipping point? California’s 2017 Wildfire Season Continues to Break Records Natural disasters: The riskiest spots in the U.S. Tesla: Autopilot was on during deadly Mountain View crash Self-Driving Cars Will Always Be Limited. Even the Industry Leader Admits it. Waymo CEO: Autonomous cars won’t ever be able to drive in all conditions Tesla and GM self-drive cars involved in road collisions Self-driving Uber kills Arizona woman in first fatal crash New Jersey man involved in scary crash after autopilot Tesla veers off road The “Self-Driving Car” is Only an Oxymoron Consumers Don’t Really Want Self-Driving Cars, MIT Study Finds Tires Slashed, Guns Pulled On Self-Driving Cars As Arizona Residents Revolt Public’s trust in self-driving cars is plunging — for good reason Brand New Tesla Model S Spontaneously Combusts Twice Tesla shares fall after Consumer Reports yanks its reliability ranking Moore’s Law Is Dead. Now What? Road Tripping Around Europe in a Tesla Is Less Fun Than You’d Think Five reasons why autonomous cars aren’t coming anytime soon
Humans can’t live on Mars because the radiation and
cosmic rays can fry your brain and cause chronic dementia and paranoia. And the technology and logistics haven’t advanced far enough either. Bill Nye: We are not going to live on Mars, let alone turn it into Earth Elon Musk wants to live on Mars, but this planetary scientist says that’s a terrible idea The likeliest reasons why we haven’t contacted aliens are deeply unsettling Fermi Paradox: Where Are the Aliens? Scientists say humans are alone in the universe How Do Aliens Solve Climate Change? ‘Artificial Intelligence’ Has Become Meaningless Questioning the Hype About Artificial Intelligence Don’t believe the hype: the media are unwittingly selling us an AI fantasy The Future Isn’t What It Used to Be Yes, U.S. locks people up at a higher rate than any other country Concentration Camps in the U.S. Nearly Half of Americans Have a Close Family Member Who Has Been Incarcerated Study finds police misconduct “spreads like a contagion” Armed police raid US journalist’s home ‘with a sledgehammer’ after he refuses to reveal source The Moral Horror of America’s Prisons The NDAA Legalizes The Use Of Propaganda On The US Public Call immigrant detention centers what they really are: concentration camps Alabama’s Gruesome Prisons: Report Finds Rape and Murder at All Hours Trump Makes It Easier for Police to Get Military Equipment Private Prisons Are a Failed Experiment Capital and punishment: Resource scarcity increases endorsement of the death penalty OpenTheBooks interactive map for all military weaponry transferred to the 6,500 local, state and other federal police agencies across America. U.S. Homeland Security to compile database of journalists, bloggers and ‘media influencers’ 1.6 Billion Rounds Of Ammo For Homeland Security? It’s Time For A National Conversation How to Break America’s Addiction to Caging Human Beings
Police shootings have an underlying economic issue
(Poverty) that is deeper than just race. Portland Police Sergeant To Precinct: If A Homeless Person Is Black, Just Shoot Them POLICE MAKE MORE THAN 10 MILLION ARRESTS A YEAR, BUT THAT DOESN’T MEAN THEY’RE SOLVING CRIMES Fatal Force: 987 people have been shot and killed by police in 2018 ‘Better financially’ to kill suspects than wound them: sheriff ICE paid estimated $807 million to 19 private detention centers in fiscal 2018: report U.S. in Top 10 of most dangerous countries for women Death by Government Number of hate groups in US reached record high in 2018: SPLC Radical-right wing groups reach all time high Hate Crime Has Gone Up In Most Major U.S. Cities Anti-Semitic Assaults Doubled In The U.S. In 2018, ADL Report Finds FBI director says white supremacy is a ‘persistent, pervasive threat’ to the US White Supremacist Propaganda At ‘Record-Setting’ Levels, ADL Report Finds All of the extremist killings in the US in 2018 had links to right-wing extremism, according to new report Right-Wing Extremism Linked to Every 2018 Extremist Murder in the U.S., ADL Finds Violent far-right extremist groups on the rise in Germany In the United States, right-wing violence is on the rise US terror attacks are increasingly motivated by right-wing views Teenage neo-Nazis jailed for threatening to attack Prince Harry and other targets Armed Neo-Nazis disrupt Detroit Pride Parade, appear to urinate on Israeli flag “Put Them All In A Gas Chamber,” A Militia Member Allegedly Said While Stopping Migrants At The Border Far-right extremism to be included in official terror warnings alongside Islamist threats for first time World stunned by explosion of hate The neo-Nazi plot against America is much bigger than we realize German far-right group ‘used police data to compile death list’ Swastika flyers dropped by drone on Ariana Grande concert ‘I am dreaming of a way to kill almost every last person on earth’: A self-proclaimed white nationalist planned a mass terrorist attack, the government says Hate makes a comeback in the Pacific Northwest Right-wing extremists are already threatening violence over a Democratic House The Making of an American Nazi The Southern Poverty Law Center’s list of hate groups Pittsburgh synagogue mass shooting claims 11 lives; 4 officers among multiple wounded: Officials Hate crimes go up in San Francisco 49 people killed in shootings at New Zealand mosques, prime minister says Antisemitic incidents at record high in the UK Outrage in France over swastika graffiti as anti-Semitic acts surge by 74 percent More than 2.6m Brits are Holocaust deniers, poll finds Survey: Nearly half of Canadians think US has a large number of neo-Nazis Israeli Director Nominated for Oscar: ‘As a Jew, I Don’t Feel as Safe in America as I Once Did’ Extreme neo-Nazi ‘death cults’ drawing in children as young as 13, report warns European support for far right extremism reaches 1930s scale Holocaust Survivor Receives Threats After Criticizing Germany’s Far-right AfD Party Suspect in German politician’s murder ‘has links to far right’ White Supremacist Pleads Guilty to Killing Black Man in New York to Start a ‘Race War’ Suspected far-right attacker ‘intentionally’ rams car into crowd of Syrian and Afghan citizens in Germany Three Kansas men convicted over mass ‘slaughter’ plot targeting Muslims Neo-Nazis Are Organizing Secretive Paramilitary Training Across America Polish Neo-Nazis Protest Against Auschwitz Commemorations Italy’s Salvini called for ‘mass cleansing, street by street, quarter by quarter’, newly resurfaced footage reveals Disillusioned Britons turn to far-right ‘popular front’ Charlottesville attack shows homegrown terror on the right is on the rise U.S. sees 300 violent attacks inspired by far right every year
Far-right suspect confesses to killing German politician
Anti-Defamation League CEO: White supremacy a global threat ‘You have to call them out,’ Madeleine Albright in Ann Arbor talk on fascism The Year in Hate: Trump buoyed white supremacists in 2017, sparking backlash among black nationalist groups In Germany, online hate speech has real-world consequence Far-right activity at universities rising as more young people deny Holocaust, experts warn The rise of the Spanish far-right party Vox shines a light into the dark corners of the country’s politics Anti-Semitic incidents soared in 2017, marking nation’s largest single-year increase, report finds ‘Far-right cell’ in German police ‘threatened to kill lawyer’s two-year-old daughter’ Could anti-Semitism be on the rise in Canada? Right-wing mobs creating ‘civil war’ in Germany after second night of violence in Chemnitz People with extreme political views ‘cannot tell when they are wrong’, study finds Study shows rapid rise in mass school shootings in the US El Paso Walmart shooting is the 250th mass shooting this year Gun deaths at highest level in 40 years, CDC says There have been 47,220 gun incidents in the U.S. in 2018 — and here they all are on one map More than 15% of childhood deaths in America are due to guns, study says Editorial: America’s Real National Emergency: Mass Shootings One mass shooting every day: Seven facts about gun violence in America Five mass shootings in five days: Is America officially desensitized to gun violence? 14 Children Died in the Parkland Shooting. Nearly 1,200 Have Died From Guns Since. More US school-age children die from guns than on-duty US police or global military fatalities, study finds Shooter in deadly Illinois rampage was not supposed to own a gun, police say Student journalists track 1,200 youth gun deaths in year since Parkland There have been 1,624 Mass Shootings in 1,870 days in America. Las Vegas Shooting: 59 Killed and More Than 500 Hurt Near Mandalay Bay Gunman Kills at Least 26 in Attack on Rural Texas Church Kentucky school shooting: 2 students killed, 18 injured Six months later, the Capital Gazette shooting still resonates, among family, community, news industry Virginia Beach: 11 people killed in shooting at government building, police say 2 killed on east side marks 2018 as Indy’s bloodiest year 17 killed in mass shooting at high school in Parkland, Florida Advocacy group highlights 18 cases of gunfire at US schools so far this year YouTube Shooting: Woman Wounds 3 Before Killing Herself, Police Say ‘I Think About It Daily’: Life in a Time of Mass Shootings A Mother’s Fear Post-Sandy Hook Florida massacre survivor hid under dead classmate’s body Secretly, Americans Love Guns. Just Watch TV This kind of shooting happens every day in America — and we usually ignore it One shooting every six hours An FBI Study of Active Shooter Incidents in the United States between 2000 and 2013 Source: Deaths by suicide, drugs and alcohol reached an all-time high last year Suicide Is Becoming America’s Latest Epidemic Suicide rates soar among America’s young people, study says Suicide is skyrocketing in young people, even as deaths from accidents, cancer, and murders are down U.S. Suicide Rate Surges to a 30-Year High Number of children going to ER with suicidal thoughts, attempts doubles, study finds All-American Despair Yes, U.S. suicides have risen by 30% in past decade and a half Suicide rates in girls are rising, study finds, especially in those age 10 to 14 Depression, anxiety, suicide increase in teens and young adults, study finds Number of U.S. children taken to hospital for suicide attempt or suicidal thoughts doubles to 1.1M Mapping the rising tide of suicide deaths across the United States Suicide Rates Rise Sharply in U.S. America’s rising suicide rate A Worrying Rise in Gun Suicides Suicides are at the highest rate in decades, CDC report shows Why Are Black Children Killing Themselves? Soaring suicides are another sign of our toxic social disconnect CDC says life expectancy down as more Americans die younger due to suicide and drug overdose US Marine and Navy suicides at a 10-year high Teen suicide is soaring. The biggest rate increase was among black youth Teenagers not surprised by alarming increase of suicides Why are America’s farmers killing themselves at record rates? Land O’Lakes CEO: Farmers Are in Crisis — and America Isn’t Paying Attention American farmers have seen net farm income decline by 50 percent since 2013 Suicide rates up for rural farmers The Next American Farm Bust Is Upon Us Midwest farmers going bankrupt Here’s Why More American Farms Are Going Bankrupt Suicide Is Rising Among American Farmers As They Struggle To Keep Afloat Falling prices, borrowing binge haunt Midwest ‘go-go farmers’ Stressed, Struggling, and Suicidal: America’s Farmers Are Begging for Mental Health Wall Street banks bailing on troubled U.S. farm sector U.S. farm debt is at highest point since 1980s agriculture crisis When the Death of a Family Farm Leads to Suicide America’s Farmers Are in Crisis, and They’re Looking to Trump for Relief As Milk Prices Decline, Worries About Dairy Farmer Suicides Rise ‘This One Here Is Gonna Kick My Butt’ — Farm Belt Bankruptcies Are Soaring ‘Deaths of Despair’ Are Surging Among the White Working Class For non-Hispanic whites in the U.S., life expectancy outlook worsens Deaths from drugs, alcohol, suicide at all-time high in U.S. The Depths of Despair Among US Adults Entering Midlife Why Is This Happening? Dying of whiteness with Jonathan Metzl Deaths by suicide, drugs and alcohol reached an all-time high last year More Americans Are Dying From Suicide, Drug Use And Diarrhea Declining mental health among disadvantaged Americans America’s opioid tragedy One in eight Americans is an alcoholic: study New Study Finds Nearly 1 in 4 Americans Under the Age of 30 Is an Alcoholic Changing dynamics of the drug overdose epidemic in the United States from 1979 through 2016-Science U.S. death rates from suicides, alcohol and drug overdoses reach all-time high Drug overdoses killed more Americans last year than the Vietnam War Deaths From Drugs and Suicide Reach a Record in the U.S. U.S. Life Expectancy Drops for Third Year in a Row, Reflecting Rising Drug Overdoses, Suicides UN report: Two-thirds of drug use disorder deaths in 2017 were from opioid use The opioid crisis has stunted Canadian life expectancy. Let that sink in America’s overdose crisis keeps getting worse. Fentanyl isn’t the only drug to blame. How the Opioid Crisis Makes Everyone Poorer Florida’s ‘pill mills’ were a gateway to the opioid crisis Fentanyl deaths up 122% in West Virginia, say WVU researchers How Heroin Came for Middle-Class Moms Opioid epidemic may have cost US governments $37.8 billion in tax revenue FDA opioids adviser: ‘One thing is clear’ about the ongoing crisis Tens of thousands of Americans die each year from opioid overdoses Americans more likely to die of opioid overdose than car crash, council report says Even in best-case scenario, opioid overdose deaths will keep rising until 2022 Family behind OxyContin maker engineered opioid crisis, Massachusetts AG says ER visits for opioid overdose up 30%, CDC study finds Child deaths from opioids nearly tripled in recent years, says Yale study Drug overdose deaths skyrocketed among women Drug overdose deaths in America are rising exponentially Millennials Hit Hard by Opioids. The death rate continues to rise sharply among young adults. Why Drug Overdoses Are on the Rise and Getting Worse in America CDC: Synthetic Opioid Deaths Doubled from 2015 to 2016 Nearly 1 million people out of workforce due to opioid addiction: study Drug crisis: Opioid addiction costs employers $2.6B a year for care Surgeon General Urges Americans to Carry Drug That Reverses Opioid Overdoses When they smoke it, they almost become zombie-like Many People Taking Antidepressants Discover They Cannot Quit Opioid crisis creating ‘grandfamilies,’ a need for more resources The Family That Built an Empire of Pain The decline in U.S. life expectancy is unlike anything we’ve seen in a century US life expectancy drops for second year in a row Americans Are Retiring Later, Dying Sooner and Sicker In-Between Report: Alcohol, Drug, Suicide Deaths Hit New High in America
America has become less attractive to economic migrants. Illegal immigration has
dropped 80 percent, since it’s record high in 2000. Trump Administration’s practice of permanently separating migrant children from their parents is an act of genocide Ocasio-Cortez accuses Trump admin of ‘brutalizing’ immigrants in ‘concentration camps’ ‘The Taliban gave me toothpaste’: Former captives contrast U.S. treatment of child migrants More people are moving from the US to Mexico than the other way around More Mexicans are leaving the US than coming here — and it’s not because of deportation Mexico meets migrants at southern border with armed forces Foreign-Born Workers Make Up Highest Percentage of U.S. Employment Since 1996 -WSJ Arrests For Illegal Border Crossings Hit 46-Year Low What Immigration Crisis? The U.S. Isn’t Being Swamped Americans Renouncing Citizenship at Record High Record-Breaking Number Of Americans Want To Get Out Of U.S. Forever Dallas Fed’s Kaplan: U.S. needs more, not less, immigration for economic growth Gallup: World’s Approval of U.S. Leadership Drops to New Low America’s New World Order Is Officially Dead Global Poll Shows U.S. Prestige Plummeting Under Trump Richard Dawkins says England is becoming a ‘nasty little backwater’ UK will be worse off in every possible scenario after Brexit, concludes leaked Government analysis London murder rate overtakes New York’s City of London is already dying Persistent poverty affects one in five UK children UK wages worth up to a third less than in 2008, study shows Violent crime in England and Wales up 19% ‘You can’t really win’: 4m Britons in poverty despite having jobs Child poverty in Britain is already a problem — and Brexit will likely make it worse Homeless shelters experience record demand as government reports decrease in rough sleeping My walk to work shows me how homelessness is transforming Britain 300,000 people in Britain are now homeless, shocking study reveals Children’s bedroom photographs expose reality of UK poverty Brexit could cost UK about 500,000 jobs, London mayor says Average UK household debt now stands at record £15,400 Nearly 600 homeless people died on the streets last year IFS: Growth in UK living standards worst in 60 years British workers face worst decade for pay in 70 years UK is the worst-performing advanced economy in the world, official figures confirm Paradise Papers: U2 singer Bono named in tax-haven document dump Bono used Malta-based firm to invest in Lithuanian shopping centre The plague of global terrorism Terror related deaths across the world (1970–2016) Homeland Security head says terror situation is scarier than you know Terrorists ‘plot in shadows of the dark net’, report warns ‘Children are dying before our eyes’: Images from suspected Syrian gas attack again tell the story US Special Ops suicides tripled in 2018 US arms ended up in hands of Iranian-backed rebels, al Qaeda-linked fighters What would ‘nuclear Armageddon’ look like in your city? This terrifying simulator shows you A statistical look at the probability of future major wars This nuclear-explosion simulator shows where radioactive fallout would blow using today’s weather The world is two minutes from doom We’re edging closer to nuclear war When Doomsday comes, Americans will tweet Putin to U.S.: I’m ready for another Cuban Missile-style crisis if you want one Economic Crisis Can Trigger World War Decades after the end of the cold war, Russia is showing new aggression Vladimir Putin on nuclear war: U.S. is pushing world ‘closer to a very dangerous line’ The real purpose of Russia’s 100-megaton underwater nuclear doomsday device Putin confirms development of Russia’s hypersonic cruise missile called Tsirkon With the US-Russian Nuclear Treaty in Tatters, Is ‘Doomsday’ Ticking Closer? The U.S. And Russia Are Stocking Up On Missiles And Nukes as part of a renewed zeal for tactical nuclear War U.S. exiting nuclear treaty with Russia North Korea Keeps Stockpiling Materials to Make Nuclear Weapons, Report Finds Putin threatens to target the US if it deploys missiles in Europe US nuclear weapons: first low-yield warheads roll off the production line Ticking doomsday clock warns yet again of this dangerous new world Data mining adds evidence that war is baked into the structure of society The US and China are in a quantum arms race that will transform warfare At least 340,000 Americans died from radioactive fallout between 1951 and 1973 China preparing for World War III, warns US senator The Threat of Nuclear Weapons Is Truly Terrifying and No One Seems to be Paying Attention The conflict between India and Pakistan is about to get uglier New EMP warning: US will ‘cease to exist,’ 90 percent of population will die Massive global ozone loss predicted following regional nuclear conflict (Mills 2007) 7 Ways Russia Is Telling People to Prepare for War China’s secret plan to topple the US as the world’s superpower Putin boasts military might with animation of nuke strike on Florida Russia has restarted the Cold War — but this time as an outlaw fighting only to assert its own power Russian media threatens Europe with 200-megaton nuclear ‘doomsday’ device The Doomsday Clock is ticking faster How Russia’s New Doomsday Torpedo Works Lowering arms threshold could lead to global nuclear catastrophe — Putin China Installed Military Jamming Equipment on Spratly Islands, U.S. Says Democracy continuities its disturbing decline worldwide Trial runs for fascism are in full flown ‘This is an authoritarian era’ — and investors should be worried, says Richard Haass If You’re Not Scared About Fascism in the U.S., You Should Be Liberal World Order, R.I.P. How Democracy Dies, American-Style The Self-Destruction of American Power The world is sadder and angrier than ever, major study finds European support for far right extremism reaches 1930s scale Trump ‘most authoritarian president’ in US history, says Watergate journalist Carl Bernstein A Fourth Reich is rising across Europe — with ties to Donald Trump and Vladimir Putin Right-wing populists and authoritarians now govern over half of the world’s population These European regions haven’t recovered from the crisis, and are now a populist breeding ground ‘Never underestimate human stupidity,’ says historian whose fans include Bill Gates and Barack Obama The strongmen are back. And we have no idea how to confront them. Brazil Is About To Show The World How A Modern Democracy Collapses What Populists Do to Democracies Obama warns that if the world isn’t careful, democracy could be in danger: ‘Democracy is a garden that has to be tended’ Hillary Clinton: ‘We are living through a full-fledged crisis in our democracy’ Angela Merkel warns of global political disintegration at Munich Security Conference Revealed: the rise and rise of populist rhetoric Corruption is still rife around the world Soros: Xi Jinping is the ‘most dangerous opponent’ to open society Record number cite poor leadership as US’s greatest problem Will ‘winter of discontent’, fueled by populism, lead to European Union’s collapse? Young Americans are ditching democracy, say Harvard researchers Where And Why The World Is Getting More Dangerous Thirty countries use ‘armies of opinion shapers’ to manipulate democracy — report China has started ranking citizens with a ‘social credit’ system — here’s the ways they can punish you ‘Big Brother’ in India Requires Fingerprint Scans for Food, Phones and Finances Chinese schools make pupils wear micro-chipped uniforms to thwart truancy United States added to list of most dangerous countries for journalists for first time The super rich are preparing for the end of the world Why Silicon Valley billionaires are prepping for the apocalypse in New Zealand Doomsday Prep for the Super-Rich Do you know a good panic-room maker? Doomsday preppers head underground as bunker economy enters mainstream society Super-rich prepare for doomsday in American bunkers NZ farms eyed as ‘boltholes’ for world’s super rich New Zealand’s billionaire doomsday preppers 45 unreal photos of ‘billionaire bunkers’ that could shelter the superrich during an apocalypse New Zealand’s ban on foreigners buying homes set to start Reddit’s CEO got corrective laser eye surgery — for the apocalypse. I did too. Miami's billionaire bunker, a private island Business Is Booming for America’s Survival Food King 15 things you can buy from Costco, Amazon, Sam’s Club, and BJ’s to be ready for when the apocalypse hits Costco selling $1,000 food kits that last 25 years Costco sells out of 27-pound mac-and-cheese bucket with 20-year shelf life Anticipating the Apocalypse? How to Grow Bud in a Bunker Is it possible to live off-grid? End of days: Is Western civilization on the brink of collapse? National Intelligence Council — Global Trends 2030 Are we on the road to civilization collapse? Why Civilizations End Jared Diamond: There’s a 49 Percent Chance the World As We Know It Will End by 2050 The US has reached the last stage before collapse — Foreign Policy The End of Our World Order Is Imminent Pentagon study declares American empire is ‘collapsing’ Huge Human Inequality Study Hints Revolution is in Store for U.S How western civilization could collapse Lessons from the fall of a great republic Chris Hedges: The Coming Collapse How America will collapse (by 2025) How republics die Ralph Nader: American Society Is in Rapid Decay Trent Reznor: ‘You’re seeing the fall of America in real time’ Michael Moore Says ‘We’re Living The Handmaid’s Tale’ IRL ‘The Handmaid’s Tale’ doesn’t feel like fiction anymore The Decline and Fall of the American Empire What America can learn from the fall of the Roman republic Industrial Civilization (1760-present) World Population Stabilization Unlikely This Century
The last law of nature says: that any creature that despoils and
outbreeds its natural habitat will be culled to bring its numbers under control and restore a stable environment. Studies of mice populations indicate that when faced with overpopulation, many catastrophic events occurred. Such as the mothers abandoned their young, the birth rate plunged, homosexuality, mass violence, cannibalism, and lack of maternal functions. Studies revealed as the mice population densities reached a tipping point. Once reached, the population began to suffer a “spiritual death” and went down a “behavioral sink”. (Calhoun, 1962)
Article I of the Constitution of the United States, (1790) describes the House of Representatives, and says that “The number of Representatives shall not exceed one for every thirty thousand…” In the year 2000 there are over 600,000 persons per member of the U.S. House of Representatives. Thus in
210 years we have seen democracy being diluted by a factor of approximately 600,000 / 30,000 = 20. (Bartlett, 2000)
Democracy cannot survive
overpopulation; Human dignity cannot survive overpopulation; Convenience and decency cannot survive overpopulation; As you put more and more people into the world, The value of life not only declines, it disappears. It doesn’t matter if someone dies, The more people there are, the less one individual matters.
The Heritability of Fertility Makes World Population Stabilization Unlikely in the Foreseeable Future (Collins 2019) Geo-cultural Time: Advancing Human Societal Complexity Within Worldwide Constraint Bottlenecks — A Chronological/Helical Approach to Understanding Human–Planetary Interactions (Gunn, 2019) How many times has the human population doubled? Comparisons with cancer (Hern 99) Human domination of the biosphere: Rapid discharge of the earth-space battery foretells the future of humankind (Schramski 2015) Biological annihilation via the ongoing sixth mass extinction signaled by vertebrate population losses and declines (Ceballos 2017) Approaching a state shift in Earth’s biosphere (Barnosky 2012) Nature Vaclav Smil: ‘Growth must end. Our economist friends don’t seem to realise that’ ‘This is a crisis: Facing up to the age of environmental breakdown’ (IPPR 2019) Humans will be extinct in 100 years says eminent scientist Has the Earth’s sixth mass extinction arrived? (Barnosky 2011) Nature Psychology and Disaster: Why We Do Not See Looming Disasters and How Our Way of Thinking Causes Them (Glockner 2016) Peak water limits to freshwater withdrawal and use ( Gleick 2010) Generic Indicators for Loss of Resilience Before a Tipping Point Leading to Population Collapse (Dai 2012) Science Inhabiting the Anthropocene Back Loop (Wakefield, 2017) Anticipating societal collapse; Hints from the Stone Age ( Scheffer 2016) Complexity and Collapse: (Ferguson 2010) Council on Foreign Relations Bushmeat hunting and extinction risk to the world’s mammals (Ripple 2016) Modes of growth in dynamic systems (Garrett 2012) Ecological selectivity of the emerging mass extinction in the oceans (Payne 2016) Science Climate Change Could End Human Civilisation as We Know It by 2050, Analysis Finds Number of migrants now growing faster than world population, new UN figures show Has land use pushed terrestrial biodiversity beyond the planetary boundary? A global assessment (Newbold 2016) Science The ‘ecological foundations of society’ are in peril, a massive UN report warns What fallen civilizations can teach us about avoiding our own ‘social catastrophe’ How to Avoid Population Overshoot and Collapse 5 U.S. Cities That Potentially Could Run Out of Water High IQs won’t be enough to prevent ecological disasters ‘Everything is not going to be okay’: How to live with constant reminders that the Earth is in trouble Muslim population in some EU countries could triple, says report Amazon deforestation is close to tipping point Is it Too Late for Sustainable Development? Phosphate fertilizer ‘crisis’ threatens world food supply Mammals going nocturnal to avoid humans Obesity, malnutrition and climate change are the greatest threats to humanity We’d Need 1.7 Earths to Make Our Consumption Sustainable EU ‘outright dangerous’ in its use of natural resources, says WWF Would Human Extinction Be a Tragedy? Large Influence of Soil Moisture on Long-term Terrestrial Carbon Uptake (Green 2019) ‘Everything is not going to be okay’: How to live with constant reminders that the Earth is in trouble Science proves kids are bad for Earth. Morality suggests we stop having them. Lost world: UN report shows Nature at death’s door Prelude to global extinction: Stanford biologists say disappearance of species tells only part of the story of human impact on Earth’s animals Scientists warn of climate ‘time bomb’ for world’s groundwater The Great Dying nearly erased life on this planet. Scientists see similarities to the situation we face today. On the causes of mass extinctions (Bond 2017) Researchers find IQ scores dropping since the 1970s The Decline of the Worlds IQ (Lynn 2007) Researchers suggest Victorian-era people more intelligent than modern-day counterparts What do you mean, “Tipping Point” (Van Ness 2016) Cell Cascading Regime Shifts Within and Across Scales (Rocha 2018) Science Prince William warns that there are too many people in the world Humanity is on path to self-destruction, warns UN special rapporteur Over-population is the real cause of climate change — it’s killing us all off Global food system is broken, say world’s science academies Plummeting insect numbers ‘threaten collapse of nature’ World’s food supply under ‘severe threat’ from loss of biodiversity Humans Are Eating Most of Earth’s Largest Animals to Extinction Nobel laureates call for a revolutionary shift in how humans use resources One of the largest banks issued an alarming warning that Earth is running out of the resources to sustain life Mathematics predicts a sixth mass extinction Nearly half of all child deaths in Africa stem from hunger, study shows Apple CEO Tim Cook to the class of 2019: ‘My generation has failed you’ An Earth Scientist on Climate Change: ‘We’ve Created a Civilization Hellbent on Destroying Itself, and I’m Terrified’ Paul Ehrlich: ‘Collapse of civilization is a near certainty within decades’ Sir David Attenborough: collapse of civilization is on the horizon Al Gore:“We are facing an ecological crisis that can bring about the end of civilization.” Noam Chomsky: ‘In a couple of generations, organized human society may not survive.’ Jane Goodall: ‘The most intellectual creature to ever walk Earth is destroying its only home’ David Attenborough tells Davos: ‘The Garden of Eden is no more’ Dennis Meadows: “There is nothing that we can do” There are not enough resources to support the world’s population The decline of sex is the end of civilization Insects Are Dying Off at an Alarming Rate World Wildlife Federation: Living Planet Index The 21st-Century Great Food Transformation (Lucas 2019) The Lancet The book that incited a worldwide fear of overpopulation Books The Limits to Growth: A report for the Club of Rome’s project on the predicament of mankind Secular Cycles Critical Transitions in Nature and Society Energy and Civilization Peeking at Peak Oil Energy Return on Investment Failing States, Collapsing Systems When Trucks Stop Running The Seneca Effect: Why Growth is Slow but Collapse is Rapid Energy and the Wealth of Nations: Understanding the Biophysical Economy The Vanishing Middle Class: Prejudice and Power in a Dual Economy (The MIT Press) The Future Is Not What It Used to Be. Climate Change and Energy Scarcity Oil and the Western Economic Crisis Not the Future We Ordered: Peak Oil, Psychology, and the Myth of Progress Eating Fossil Fuels: Oil, Food and the Coming Crisis in Agriculture The Retreat of Western Liberalism The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century Confronting Collapse: The Crisis of Energy and Money in a Post Peak Oil World Fantasyland: How America Went Haywire: A 500-Year History Scarcity: Humanity’s Final Chapter Collapse of Complex Societies Collapse: How Societies Choose to Fail or Succeed Overshoot: The Ecological Basis of Revolutionary Change Limits to Growth: The 30-Year Update The End Of More The Handmaid’s Tale Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy The Party’s Over: Oil, War and the Fate of Industrial Societies The Shock of the Anthropocene: The Earth, History and Us Denying to the Grave: Why We Ignore the Facts That Will Save Us Rare Earth: Why Complex Life is Uncommon in the Universe Rise of the Robots: Technology and the Threat of a Jobless Future Cold War Energy: The Rise and Fall of the Soviet Union Sapiens: A Brief History of Humankind Mathematical Geoenergy: Discovery, Depletion, and Renewal (Geophysical Monograph Series) 1st Edition Homo Deus: A Brief History of Tomorrow The Road Too Much Magic: Wishful Thinking, Technology, and the Fate of the Nation The Sixth Extinction: An Unnatural History The Long Emergency Saudi America: The Truth About Fracking and How It’s Changing the World Oil, Power, and War: A Dark History The Coming Anarchy: Shattering the Dreams of the Post Cold War Collusion: How Central Bankers Rigged the World Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil A Short History of Progress Mortal Republic: How Rome Fell into Tyranny The Fourth Turning: An American Prophecy Unstoppable: Harnessing Science to Change the World The Divide: American Injustice in the Age of the Wealth Gap Brave New Arctic: the Untold Story of the Melting North The Rise and Fall of American Growth Ages of Discord: A Structural-Demographic Analysis of American History The Third Curve: The End of Growth as we know it Why Nations Fail: The Origins of Power, Prosperity, and Poverty Denial: Self-Deception, False Beliefs, and the Origins of the Human Mind America the farewell tour: Chris Hedges Limits to growth had 12 models. One of those models, the “standard run” or, alternatively, the “business as usual” model was the one that 40 years of historical data has tracked/followed. Looking Back on the Limits of Growth -Smithsonian Apocalypse Soon: Has Civilization Passed the Environmental Point of No Return? -Scientific American Is Global Collapse Imminent? (Turner, 2014) Gloomy 1970s predictions about Earth’s fate still hold true Civilization peaked in 1940 and will collapse by 2040: the data-based predictions of 1973 World Scientists “Warning to Humanity” Signed by 15,000 Scientists from 184 Countries Including the Majority of all Nobel Prize Winners World Scientists’ Warning of a Climate Emergency Modeling sustainability: population, inequality, consumption, and bidirectional coupling of the Earth and Human Systems (Motesharrei, 2016) Here’s How NASA Thinks Society Will Collapse Human and nature dynamics (HANDY): Modeling inequality and use of resources in the collapse or sustainability of societies (Motesharrei, 2014) Can a collapse of global civilization be avoided? (Ehrlich, 2013) ‘Society could end in less than a decade,’ predicts academic historian Social instability lies ahead, researcher says Society will collapse by 2040 due to catastrophic food shortages, says study New Report Suggests ‘High Likelihood of Human Civilization Coming to an End’ Starting in 2050 Inside the new economic science of capitalism’s slow-burn energy collapse (Ahmed, 2017) Energy Returns and the Long-run Growth of Global Industrial Society (Andrew, 2017) Scientific model supported by UK Government Taskforce flags risk of civilization's collapse by 2040 This is how UN scientists are preparing for the end of capitalism New study shows how environmental disruptions affected ancient societies Industrial Society and Its Future (Kaczynski, 95) Perfect Storm: Energy, Finance and the End of Growth. Dr Tim Morgan Financial System Supply-Chain Cross-Contagion: A Study In Global Systemic Collapse (Korowicz, 2012) It’s time for a hyper-crash, say multifractal analyses of the main stock market index
Simple really..When the world economy collapses everything shuts down..the end..We’re talking about
grids down all over the world and 7.5B people dropping like f*** flies in short order.. The collapse will be absolutely horrible..There is no collapse or horror movie ever produced that has even come close to imagining what the collapse of BAU might look like..I’m talking about every corporation and every social program going bankrupt at once. I’m talking about people eating people.. I’m talking about the worst catastrophe to ever happen in the history of mankind..Nothing has ever, or will ever come close.. The End of the Human Race will be that it will Eventually Die of Civilization –Ralph W Emerson