Ashley Seager The Guardian, https://www.guardian.co.uk/environment/2008/jul/03/biofuels.food The G8’s push for greater biofuel use has been a significant factor in driving 760 million people into food insecurity and putting them at risk of hunger in the past two years, ActionAid says today. Released before next week’s G8 summit in Hokkaido, Japan, the […]
Economics
Sky-High Oil Will Make U.S. Go Broke forbes.com Stratospheric crude oil prices precipitated by speculation are wreaking havoc on the U.S. economy. Based on income tax withholdings data from the Daily Treasury Statement, the wages of all U.S. workers on payrolls were unchanged on a year-over-year basis in the past […]
By Ambrose Evans-Pritchard, International Business Editor Last Updated: 12:19am BST 19/06/2008 https://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=A1YourView&xml=/money/2008/06/18/cnrbs118.xml The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks. “A very nasty period is soon […]
Saturday, 21 June 2008, 3:27 pm Column: Ross Spencer https://www.scoop.co.nz/stories/HL0806/S00291.htm The world must embrace a “carbon-neutral lifestyle.” So says Al Gore. To do otherwise, he says, will result in a cataclysmic catastrophe. “Humanity is sitting on a ticking time bomb,” warns the website for his film, An Inconvenient Truth. “We […]
https://rense.com/general82/whyi.htm Why Oil Prices Are So High A Weak Dollar, Bad Fed Policies and Hedge Fund Speculators By Paul Craig Roberts 6-14-8 How to explain the oil price? Why is it so high? Are we running out? Are supplies disrupted, or is the high price a reflection of oil company […]
https://www.marketoracle.co.uk/Article4984.html While attention has been focused on the relatively tiny US „sub-prime“ home mortgage default crisis as the center of the current financial and credit crisis impacting the Anglo-Saxon banking world, a far larger problem is now coming into focus. Sub-prime or high-risk Collateralized Mortgage Obligations, CMOs as they are […]
In his most recent post, Richard Heinberg asks “How Do You Like Collapse So Far?” and also asks why we should think or talk about collapse if there’s nothing we can do about it? He suggests that in the face of the gargantuan unraveling over which we have very little […]
I’ve been telling everyone that this is a bubble for the elite to suck the people dry and to kill off a few at the same time… https://mises.org/story/2999 Daily Article by Frank Shostak | Posted on 6/2/2008 There are many factors behind the sharp increase in the oil price, but […]
by Toni SoloWestern Bloc central banks and financial and investment corporations are locked into an inflationary dynamic in order to sustain their system’s militarist imperialism. The Bloc’s European and Pacific components offer supportive economic collaboration. In exchange, the US serves as the Bloc’s global enforcer. The US Treasury, Federal Reserve […]