OXI! Ugo Bardi, Gail Tverberg, Steve Ludlum & RE discuss the Greek Referendum

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Audio Only (mp3 Download avaialable on Diner Soundcloud)

In the aftermath of the Greek Referendum results of a Vote of "OXI", or NO to the proposals made by the Troika and the Globalists, Ugo Bardi, Gail Tverberg, Steve Ludlum and myself got together for a Collapse Cafe to discuss the underlying causes of the Greek problems, and how this is being dealt with on the Political & Economic Level.

Production Notes:  Steve had connection issues early in the broadcast (around the 9 minute mark).  These were resolved later in the broadcast.

Entertainment Notes:  At around the 35 minute mark, you will be entertained by something quite novel in our Vidcasts.  A few Bloggers go BALLISTIC.  LOL.

Enjoy.

RE

RE & Roamer’s Excellent Adventure

Off the keyboard of RE

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Published on the Doomstead Diner on July 5, 2015

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I'll be turning this into a series of blogs fairly soon, but I want to keep a log here of how we are prepping up for the Last Great Adventure TM for RE.  This one will likely go up as it stands for next Sunday Brunch Article on the Diner Blog.

Roamer returned from his Fast/Walkabout to meditate on the loss of his friend to Stage IV Cancer last Friday yesterday.  We spent the better part of the day Brainstorming ideas for developing a Doomer Bizness while troubleshooting the battery issue on the Explorer.  Finally called it a night after I got today's articles up on the Blog arond 1:30AM.
 

When he got up around 9, we decided to take a Test Run of the Bugout Machine on a shorter more local fishing expedition, before the long trip down to Kenai for dipnetting season.  This however required getting the BM ready for the trip, getting supplies and equipment we decided would be helpful to […] Continue Reading…

Greece as Strange Attractor: Wings of the Butterfly

Off the microphone of RE

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Aired on the Doomstead Diner on July 1, 2015

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The Butterfly's Wings Effect- Small changes in intitial conditions lead to wildly different outcomes in complex systems.

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Snippet:

…What the Euroclowns are hoping here is that the Syriza Goobermint collapses under the weight of the capital controls, like people unable to withdraw more than €60/day from the ATMs, increasingly long lines at those ATMs, decreasing FOOD available for purchase on the shelves of the local Groger Grocery store, lack of Toilet Paper, etc. IOW, the Eurotrash version of Venezuela. Cut them off from the MONEY, and they will capitulate. No Bombs necessary, the population will riot, the Goobermint will be deposed, and a New Regime of your choice can be dropped in their place, amenable to administering the debt slavery. That's the plan, but it's not clear it will work this time, at least not before the whole EZ is caught up in the contagion. Contagion is really the problem here, not Greece itself.

It's a Chaos Theory problem, and Greece is the Lorenz Attractor […] Continue Reading…

Rally Round the Flag

Off the keyboard of RE

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Published on the Doomstead Diner on June 28, 2015

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So do your duty, boys, and join with pride
Serve your country in her suicide
Find the flags, so you can wave goodbye
But just before the end even treason might be worth a try
This country is too young to die

Discuss this article at the History Table inside the Diner

Battle of the Flags Photo Essay

My commentary on the Confederate Flag Controversy

Jefferson Davis Bikini

Abraham Lincoln Bikini

Adolf Hitler Bikini

Uncle Joe Stalin Bikini

Mao Bikini

Hoser Bikini

Eike Batista Bikini

Jesus Christ Bikini

Mephistopheles Bikini

Mormon & Muslim Bikinis

Things Go Better With Coke Bikini

Bob Marley Bikini

 

Doomstead Diner Bikini

 

Nuclear Explosion on Bikini Island

Collapse Cafe TV

Featuring the Collapse Cafe Vidcasts, Live Feeds, Collapse Tutorials, Documentaries & Music Videos

Born on the 4th of July

In our first of the new Diner Voices series, Diner and Blogger William Hunter Duncan  checks in with poignant musings from his Blog, Off the Grid in Minneapolis.

RE

Discuss this article in the Epicurean Delights Parlor of the Diner

911

by William Hunter Duncan

I was reading about 9/11 this week. I know I'm a little behind the times, in that regard. I guess I always kind of knew, but maybe I didn't really want to know. An hour reading was all it took, to convince me, there is only one player on this planet truly capable of knocking down those three buildings in that way, and attacking the Pentagon in the way it was attacked, and that is my government. Or more accurately, the military/industrial complex. And the blame, while widespread, clearly rests with Dick Cheney and Donald Rumsfeld. They were maybe following orders from someone or some others, but they were the hands on de-architects, no doubt.

I'm returning to this because of all the chatter on the Internet about a potential false flag operation planned for the London Olympics this summer. Some people think it will be a faked alien invasion, others think a small nuclear or “dirty” bomb. Many are tying […] Continue Reading…

What it really takes for a US-Iran deal

Off the keyboard of Pepe Escobar
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Originally published in RT on July 1, 2015

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U.S. Secretary of Energy Ernest Moniz, U.S. Secretary of State John Kerry and U.S. Under Secretary for Political Affairs Wendy Sherman (L-3rd L) meet with Iranian Foreign Minister Mohammad Javad Zarif (2nd R) at a hotel in Vienna, Austria June 28, 2015 (Reuters / Carlos Barria)

 

 

Forget the mad spinning. Here it is, in a nutshell, what it really takes for Iran and the P5+1 to clinch a game-changing nuclear deal before the new July 7 deadline.

Iran and the P5+1 agreed in Lausanne on a “comprehensive plan of action,” taking into account delicate constitutional considerations in both the US and Iran. A crucial part of the plan is the mechanism to get rid of sanctions. Lausanne – and now Vienna – is not a treaty; it’s an action plan. There will be a declaration when a deal is reached. But there won’t be a signing ceremony.

 

The next important step is what happens at the UN Security Council (UNSC). All the concerned parties at the UNSC will endorse a declaration, and a resolution – which […] Continue Reading…

Euro Margin Call

Off the keyboard of Steve Ludlum

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Published on Economic Undertow on July 5, 2015

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Figure 1: Triangle of you-know-what, continuous WTI futures contracts, chart by TFC Charts, (click for big). Petroleum price decline is just one piece of evidence for credit distress; another is the steady increase in bond yields which reflects the anxiety on the part of lenders that they might not be repaid.

Discuss this article at the Economics Table inside the Diner

It is difficult to make heads-or-tails out of the Greek melodrama playing out at this moment. To default or not default, in the eurozone or out. Who knows? Observers are confused and so are the participants, what is clear is that the stakes are very high. The group designated to absorb the hardest blows cling to the bottom of the economic mast; workers, pensioners, students and suckers lured into investing in countries like Greece … then again, maybe not. There is the chance of contagion, anything is possible including the chance that some tycoons might lose their fortunes.

Regardless of outcome, the politicians are winners. Even as their follies multiply they meet nothing […] Continue Reading…

The End of the Oil Age

Off the keyboard of Norman Pagett

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Published on Collapse of Civilization on July 2, 2015

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Author: Norman Pagett (The End of More)

But how can we define an oil age? It has been about 150 years since the first deep oilwells were sunk, and just over 200 years since the viable steam engine was developed. The two are linked, because the steam engine made deep drilling of oilwells possible and gave us access to a hundred million years worth of fossilized sunlight. Perhaps we have not strictly had an oil age, but rather the first and only age where we enjoy vast amounts of surplus energy that we have extracted from hydrocarbon fuels, of which oil is the most energy dense. It has brought us material wealth, and the means to indulge in wholesale killing of each other and all other species. It gave excesses of food and a population that consumed that food and grew to five or six times the sustainable level of the planet. In the timespan of human existence, the ascendance of modern […] Continue Reading…

$75T in Shadow Banking Collapsing

Off the keyboard of Michael Snyder

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Published on The Economic Collapse on June 30, 2015

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Keep an eye on the shadow banking system – it is about to be shaken to the core.  According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars.  It has approximately tripled in size since 2002.  In the U.S. alone, the size of the shadow banking system is approximately 24 trillion dollars.  At this point, shadow banking assets in the United States are even greater than those of conventional banks.  These shadow banks are largely unregulated, but governments around the world have been extremely hesitant to crack down on them because these nonbank lenders have helped fuel economic growth.  But in the end, we will all likely pay a very great price for allowing these exceedingly reckless financial institutions to run wild.

If you are not familiar with the “shadow banking system”, the following is a pretty good definition from investing answers.com…

The shadow banking system (or shadow financial system) is a network […] Continue Reading…

Teaching Ourselves Out of the Industrial Economy

Off the keyboard of Allan Stromfeldt Christensen

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Published on From Fimers to Farmers on June 30, 2015

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Last week I had the fortunate opportunity to attend a fruit tree pruning workshop held at a nearby community garden. I say "fortunate" since I've only had one day of pruning experience, and because growing fruit trees is something I'd like to take on in the future for preservation purposes and, amongst other things, for fermentation purposes.

That one day of pruning experience I've had came about 10 years ago, which also occurred here in New Zealand while on my one-year WWOOFing venture. To say it was horrid would be a severe understatement, partly due to it being during one of my short (non-WWOOFing) work stints that inevitably occurred on one of those wretched monoculture farms.

To start off the day I vaguely remember being dropped off at a peach monoculture, given a pair of pruning loppers, and a quick ten-minute lesson on how we were to prune those trees. It was pathetic to say the least, and not only were […] Continue Reading…

The Limits to Growth and Greece

Off the keyboard of Ugo Bardi

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Published on Resource Crisis on June 29, 2015

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Systemic or financial collapse?

 

The results of the "standard run" (or "base case") scenario of "The Limits to Growth" 1972 study. Could it be that the ongoing Greek collapse is a symptom of the more general collapse that the model generates for the first two decades of the 21st century?

So, we have arrived to an interesting point, to be intended in the Chinese sense of a curse. It is the point where the people of Greece are being asked to choose between starvation and slavery and this is supposed to be a triumph of democracy.

As the tragedy unfolds, people take sides, aiming their impotent rage at this or that target; the Euro, the bureaucrats of Brussels, the Greek government, Mr. Tsipras, some international conspiracy, and even Mr. Putin, the usual bugaboo of everything.

But, could it be that all the financial circus that we are seeing dancing in and around Greece be just the effect of much deeper causes? The effect of something that […] Continue Reading…

Global Financial Devastation

Off the keyboard of Michael Snyder

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Published on the Economic Collapse on June 29, 2015

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16 Facts About The Tremendous Financial Devastation That We Are Seeing All Over The World

As we enter the second half of 2015, financial panic has gripped most of the globe.  Stock prices are crashing in China, in Europe and in the United States.  Greece is on the verge of a historic default, and now Puerto Rico and Ukraine are both threatening to default on their debts if they do not receive concessions from their creditors.  Not since the financial crisis of 2008 has so much financial chaos been unleashed all at once.  Could it be possible that the great financial crisis of 2015 has begun?  The following are 16 facts about the tremendous financial devastation that is happening all over the world right now…

1. On Monday, the Dow fell by 350 points.  That was the biggest one day decline that we have seen in two years.

2. In Europe, stocks got absolutely smashed.  Germany’s DAX index dropped 3.6 percent, and France’s CAC […] Continue Reading…

Death of the Euro

Off the keyboard of John Ward

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Published on The Slog on June 29, 2015

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Vindictive eurocrats, a happy Mario Draghi, a predictably exposed Christine Lagarde, and a wise but powerless DSK

O Lucky Man

HOW THE AMERICAN PENCHANT FOR REGIME-CHANGE DELIVERED US INTO DYSTOPIA

It hasn’t taken long today for the strutting “We can handle a Greek default” faux-confidence to evaporate among the engorged egos of the euroélite. On the whole it is becoming hourly more obvious what small, mean-minded and vindictive goblins the eurocrats all are. Juncker’s petty little address – laced with self-pity, riddled with fantasy but devoid of remorse – reveals this rubber-spined brothel-creeping bitch as a man with neither dignity nor style.

Dijesslbleom’s response was made of similarly flimsy dissembling: the classic over-promoted prefect blamestorming his way from topic to topic, condemning an elected Member State government for having spotted the game plan – humiliation piled on top of debt slavery – and proclaiming the Great Offer “removed from the table” in a pathetic tone of how very dare they.

But what we’ve seen today is precisely what […] Continue Reading…

On Losing a Friend

Off the keyboard of MKing

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Published Inside the Diner on June 26, 2015

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In April, I lost my first friend.

We met in first grade, where a quick confrontation escalated into me getting my ass kicked. As sometimes can happen, I requited myself well enough for that initial respect to develop into friendship. Both of us far brighter than our circumstances and socio economic status might otherwise indicate. We lived 3 miles apart, as a crow flies or farm boys might walk through the forest. He was a farm boy since birth, by age 10 he had taught me how to trap raccoon and fox, I worked baling hay in the summer with his family, and as we aged we became more than just a team. We hunted the hills and valleys first with 22's, and later with long rifles. He taught me how to use a rifle and pistol, he loaned me the money for my first hogleg, a Ruger New Model Superblackhawk in 44 magnum. We walked the river valleys and ridges between our houses […] Continue Reading…

Systemic Turmoil, Structural Reform

From the keyboard of James Howard Kunstler
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Originally Published on Clusterfuck Nation June 29, 2015

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“The problem with the post-2007 world is that we are not in a cyclical recovery; we are in a structural depression defined as a sustained period of below-trend growth with no end in sight. The U.S. has caught the Japanese disease. Structural depressions are not amenable to monetary solutions, they require structural solutions.”
–James Rickards

Can anyone stabilize this bitch? At daybreak, anyway, the Federal Reserve governors were all bagging Z’s in their trundle beds. Maybe after a few pumpkin lattes they’ll jump in and tell their trading shills to BTFD. The soma-like perma-trance among those who follow markets and money matters appears to be ending abruptly with the recognition that sometimes robots and humans alike run shrieking to the exit. A pity when they get to the door and discover it opens onto a cliff-edge. Look out below.

All this trouble with money comes from one meta problem: aggregate industrial growth has ended. It has stopped more in some parts of the world than others, while in the USA it has actually been contracting. The […] Continue Reading…

The Crash of 2015: On Track, Behind Schedule

Off the keyboard of Thomas Lewis

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Published on the Daily Impact on June 22, 2015

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The dominoes are toppling, just as we have been expecting for nearly a year now, but slower than we thought. The fact-resistant strain of humans (Thank you, Borowitz Report) now in charge of the world are trying to use vast amounts of money to counteract gravity, and, counterintuitively, succeeded in slowing the dominoes’ fall. But not for long.

To review our expectations of last summer: the hideous decline rate of fracking wells (of up to 90% in three years) was forcing frackers to borrow huge amounts of money to put up large numbers of new wells at a breakneck pace in order to preserve the illusion (it was always an illusion) of a revolution in American oil leading to prosperity and “energy independence.” On average, it cost the frackers over $4 to get $1 of revenue in the door during the first quarter of this year. A year ago, with oil commanding $100 a barrel, they were still spending $2. As the old joke goes, the only way to make any money when you’re losing […] Continue Reading…

The Gift of Clear Mind: Laudato Si’

Off the keyboard of Albert Bates

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Published on Peak Surfer on June 28, 2015

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"Human beings and material objects no longer extend a friendly hand to one another; the relationship has become confrontational."
 

Does the Pope also Duckwalk?

If we are honest and admit climate change threatens the survival of our species, right now and not next decade or next century, and don't just turn away or accept the numbing banality that comes with avoidance of the subject, we would have to, to not be hypocritical, actually choose to do something about what we know we know.

But do what, exactly? Our institutions are not working. Any real change has to come from our personal footprint, changing our choices. Change is our only way of being truthful with ourselves, and not neurotic or schizophrenic.

What is needed, says Margaret Klein Salamon, founder of Climate Change Mobilization, are achievable goals, a set of actions that anyone can take and appreciate that they are actually changing the situation for the better. Merely changing light bulbs or buying a Prius won't cut it. […] Continue Reading…

Yanis Varoufakis Intervention

Off the keyboard of Yanis Varoufakis

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Published on Yanis Varoufakis Blog on June 28, 2015

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As it happened – Yanis Varoufakis’ intervention during the 27th June 2015 Eurogroup Meeting

The Eurogroup Meeting of 27th June 2015 will not go down as a proud moment in Europe’s history. Ministers turned down the Greek government’s request that the Greek people should be granted a single week during which to deliver a Yes or No answer to the institutions’ proposals – proposals crucial for Greece’s future in the Eurozone. The very idea that a government would consult its people on a problematic proposal put to it by the institutions was treated with incomprehension and often with disdain bordering on contempt. I was even asked: “How do you expect common people to understand such complex issues?”. Indeed, democracy did not have a good day in yesterday’s Eurogroup meeting! But nor did European institutions. After our request was rejected, the Eurogroup President broke with the convention of unanimity (issuing a statement without my consent) and even took the dubious decision to convene a follow up meeting without the Greek minister, ostensibly […] Continue Reading…

Guns Don’t Kill People: Confederate Flags Kill People

Off the keyboard of Thomas Lewis

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Published on the Daily Impact on June 24, 2015

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We have just seen another massive, and masterly, prestidigitation by the people who love guns and dislike poor people, and who understand that large majorities of Americans dislike gun violence and are poor. The continued existence of free and open elections in this country — albeit less free and less open every year — constrain these people from talking too openly about their vision for America, i.e. one nation, under God, armed to the teeth with people dying in the streets. So they obfuscate, and misdirect, and bloviate and lay down smoke.

And when confronted with a truly obscene massacre of innocent black people by a white  whack job with a racist manifesto and a gun, right wingnuts have to work overtime to come up with a diversion to keep the chattering class from talking about their manifesto. This time, after nine people at prayer were gunned down in a church in Charleston, South Carolina, they knew they were going to have to be really good to get this off TV and out […] Continue Reading…

Iran nuclear deadline: Showdown in Vienna

Off the keyboard of Pepe Escobar
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Originally published in Asia Times on June 26, 2015

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This is it? No one knows. As foreign ministers gather in Vienna ahead of the June 30 deadline, an Iranian government source tells Asia Times it’s a “done deal.” For days, there have been no leaks, certainly to prevent hardliners on both sides – Iran and especially the U.S. – from ruining it at five seconds to midnight.

Realistically, all the myriad complex components are not there for a conclusive nuclear deal between Iran and the P5+1. Not yet. Iranian deputy lead negotiator Seyed Abbas Araqchi said earlier this week that “progress is not as expected.” Both presidents, Obama and Rouhani, badly want it, while both hardcore lobbies — in Washington and Tehran — are keen on derailing it.

Witness an open letter by the usual suspects, some of them former Obama advisers, stating, “the agreement will not prevent Iran from having a nuclear weapons capability” – which is a flat-out lie; and predicting the deal will “fall short of meeting the administration’s own standard of a ‘good’ agreement,” which implies they are fully […] Continue Reading…

Detailing the Causes of Overshoot

Off the keyboard of Ugo Bardi

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Published on Resource Limits on June 26, 2015

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Discuss this article at the Population Overshoot Table inside the Diner

The causes of overshoot finally explained in detail

– The more I cut, the more the GdP goes up.

– I say: jobs, not branches!!

 – I can't stop cutting, but I can capture sawdust and sequester it into the tree hollow.

 – Do you really believe in this story of 'gravity'? I am not convinced at all.

 – Such a small cut in this big branch, why should I be worried?

– I am not a woodsman, but I can say that, if this branch was supposed to fall, why do we see so many branches, up there?

– I have been cutting this branch for quite a while and nothing has happened. Why should anything happen?

– Branches fall all the time; it is a natural phenomenon.

– It is just an engineering problem. They'll find something to keep the branch up.

– If we stop cutting. it will cost us more than the hospital bill for the fractures caused by the fall.

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Quote from: Surly1 on Today at 11:15:06 AMRE, brilliant fucking rant in brief. Succinct, accurate, to the point.Covered everything except the Japanese had it coming at the end of WWII.I also forgot about the par...

Every single mainstream media has the following narrative for the economic crisis in Greece: the government spent too much money and went broke; the generous banks gave them money, but Greece still can’t pay the bills because it mismanaged the money th...

Quote from: monsta666 on Today at 09:13:16 AMI remain doubtful the Chinese/Russians will come out with a bail out plan in the eleventh hour to save Greece. If the Chinese or Russian were to save Greece it would more likely...

Quote from: RE on Today at 10:26:59 AMQuote from: endofmore on Today at 09:20:09 AMIn response to MKing--and 'infinite' oil.the precise time we have left to consume our oil reserves is irrele...

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Event Update For 2015-07-01http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.html Th [...]

2015 - JUN - Other Stories2015-06-01 - Magnitude 5.8 earthquake and several other moderate earthquakes strike off the coast of [...]

2015 - JUN - Infrastructure Collapse2015-06-01 - Car showroom collapses at car dealership in Milton Keynes (Britain):http://www.bbc.com/ [...]

Seeing how the collapse of economies is turning into a bit more than just a fad, where viable and ap [...]

Do climate change films assist us in reducing our fossil fuel consumption, or pacify us into watchin [...]

Bail-outs are out and bail-ins are in, the fast-track method for triaging the early "losers [...]

The success of Uber gives truth to the fact that post-Great Recession, people are increasingly unabl [...]

It's said that money makes the world go round. But since money is a proxy for energy, it would [...]

Daily Doom Photo

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Sustainability

  • Peak Surfer
  • SUN
  • Transition Voice

Navigating the Blockchain: Drones, Droids and BitCoins"Out of the torrents emerging through the massive hashing power, the torus of a new heart grows [...]

The Gift of Clear Mind: Laudato Si'"Human beings and material objects no longer extend a friendly hand to one another; the relatio [...]

Of Squirrels and Bicycles"Who can parse a random algorithm?"We were biking on a backcountry lane this week when we [...]

Fighting Extinction"This is a true challenge. If the story is told as one of avarice, private gain and exceptional [...]

The Road to Paris"These talks are not just about streamlining a text; they are about realizing, at a deeper leve [...]

Let me take you on a journey through a magical land inhabited by Pagans, Druids, Witches, and Bamboo [...]

There is no excerpt because this is a protected post. [...]

After at least four hours of sleep, I dragged myself out of bed in the wee hours Saturday morning an [...]

Off the keyboard of RE Follow us on Twitter @doomstead666 Friend us on Facebook Published on the Doo [...]

A bunch of newbies have joined up lately and posted comments, which I just have not had time to resp [...]

As we craft the new worldview, we need to put the pragmatic, cost-benefit bottom-line arguments to b [...]

In a time when earth has been subject to the triumph of scientism and capitalism, Pope Francis' [...]

Whether you're a peak oil dooomer, wiccan, agnostic, humanist or just plain earthling, declare [...]

Crop production is down due to climate change. Meanwhile, the world's hungry population continu [...]

Localism will replace globalism, so prepare now, writes Richard Heinberg, in his most accessible and [...]

Top Commentariats

  • Our Finite World
  • Economic Undertow

As you know --- I am working on that species.... It will be a half sheep half solar panel hybrid... [...]

So you are disagreeing with the many articles that Gail has written on this subject? [...]

Yes of course --- what were they thinking --- solar was answer... Feel free to pretend the following [...]

"The mindset that led to the predicament needs to change. The original mindset won’t do." [...]

Btw great post, Steve. Looking forward to part 2 [...]

The Federal Reserve, FDIC and Office of the Comptroller are sounding the alarm about banks' exp [...]

For some reason Wordpress decided to publish the draft rather than simply save it. This is the prope [...]

Great post thanks! You say: "Notable is the absence of imagination on the part of European mana [...]

RE Economics

Bond Market Collapse and the Banning of Cash

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Do Central Bankers Recognize there is NO GROWTH?

Discuss this article @ the ECONOMICS TABLE inside the...

Singularity of the Dollar

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Kurrency Kollapse: To Print or Not To Print?

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SWISSIE CAPITULATION!

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Of Heat Sinks & Debt Sinks: A Thermodynamic View of Money

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Merry Doomy Christmas

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Peak Customers: The Final Liquidation Sale

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Welcome to the Hotel California Mushroom Farm

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Musical Dollars

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Collapse Fiction

Useful Links

Technical Journals

Changes in rainfall regime during the last five decades over the West African Sahel have significant [...]

A previous test of global warming theory, on a local level, for Texas revealed inverse correlations [...]

A new dynamical downscaling methodology to analyze the impact of global climate change on the local [...]

Energy

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