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The Peak Oil Crisis: Masking the Peak

Thu, 7 Aug 2008 20:24:05 +0100

From the Falls Church News Press www.fcnp.com Written by Tom Whipple Wednesday, 06 August 2008 12:53 As world oil production has never peaked before, there is no historical basis for making informed judgments as to what is going to happen. All we know is that some six billion people, living in some 200 economies on this earth are soon going to be confronted with getting by on less than the 86 million barrels of oil per day (b/d) that we currently consume. The outcome of the interaction amo

Peter Schiff on the Mortgage Bubble

Sun, 27 Jul 2008 10:15:10 +0100

Speech from 2006 predicting the sub prime collapse. This guy is compelling and appeals to me because of the his belief that the system failed due to the distortion of fundamental values. However, since he is active in shorting the market in sub prime (at the time), I think he fails to understand that he is in fac part of the system he derides... however, I watched the first, then the second, third ... http://www.youtube.com/watch?v=6G3Qefbt0n4&feature=related I still fail to understand the

You Know The Banking System Is Unsound When....

Wed, 23 Jul 2008 18:09:24 +0100

1. Paulson appears on Face The Nation and says "Our banking system is a safe and a sound one." If the banking system was safe and sound, everyone would know it (or at least think it). There would be no need to say it.  2. Paulson says the list of troubled banks "is a very manageable situation". The reality is there are 90 banks on the list of problem banks. Indymac was not one of them until a month before it collapsed. How many other banks will magically appear on the list a month before the

Lose the safety net and banks might find balance

Tue, 22 Jul 2008 20:55:29 +0100

By Paul Amery Published: July 22 2008 19:59 | Last updated: July 22 2008 19:59 In 1964, Martin Luther King Jr spoke of “socialism for the rich and rugged free market capitalism for the poor” in the US. Nearly 50 years later, King’s first phrase might describe Britain’s finance industry, which our politicians and regulators are trying so desperately to prop up. From the failed rescue and nationalisation of Northern Rock, to the provision of extra funding and the swapping of illiquid mortgage pap

The global economy is at the point of maximum danger

Mon, 21 Jul 2008 19:54:32 +0100

By Ambrose Evans- Pritchard Last Updated: 6:53am BST 21/07/2008 It feels like the summer of 1931. The world's two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution. The International Monetary Fund has abdicated into schizophrenia. It has upgraded its 2008 world forecast from 3.7pc to 4.1pc growth, whilst