Category Archives: The end of more

Collapse of the debt-economy

7 March 2013 Norman Pagett writes: there is a very clear cut and simple reason why our current debt-economy will collapse when we started deep mining of coal with the use of steam engines (to pump the water out) it … Continue reading

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Violence across the Middle east

4 March 2013 Norman Pagett writes: We watch in horror as the violence erupts across the Middle East, ethnic groups wracked by violence towards one another, in lands where tolerance had been normal for centuries. So why now? Syria is … Continue reading

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Deficit Reduction = Recession

Posted Feb 27, 2013 by Richard Heinberg courtesy of the Post Carbon Institute The math is not difficult. The US has an annual GDP of $14 trillion, and the nation’s current $1 trillion in annual deficit spending is seven percent … Continue reading

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Water: Lake Powell may dry up within a few decades

26 February 2013 By Bob Berwyn Summit Voice FRISCO — Some of the West’s biggest reservoirs could dry up completely as the region gets warmer and drier in coming decades, and major increases in storage capacity probably won’t help address … Continue reading

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A Fracking great fraud

25 February 2013 Norman Pagett writes: in a groundbreaking report one of Canada’s top energy analysts has exposed the delusion of the ‘new fuels’, tarsands bitumen, shale gas and shale. David Hughes, of the Post Carbon Institute makes a powerful … Continue reading

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800,000 Pentagon employees on a rolling furlough

21 february 2013 Norman Pagett writes: Most people see pentagon civilians as earning wages, just like everybody else. It’s not like that. Government employees are paid by the surplus created by the rest of us. That’s been happening since prehistory. … Continue reading

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Why your pension will evaporate

20 February 2013 Norman Pagett writes: A pension is a debt, and like all debts, it can only be paid from future prosperity. Unfortunately there isn’t any, that’s why pensions are unaffordable. We’re not making enough profits to pay them, … Continue reading

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When Is Racketeering Classed As ‘Development’? When It Applies To India

By Colin Todhunter 10 February, 2013 Countercurrents.org In his January editorial piece in Kisan Ki Awaaz (National Magazine of the Farmer’s Voice), Krishan Bir Chaudhary claims there is a conscious attempt by officialdom in India to remove farmers from farming. … Continue reading

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What is our economy?

17 February 2013 Norman Pagett writes: the economy is not about wages or money the economy is an energy equation, or more accurately a dynamic of surplus energy In a primitive context, I must either grow or kill my energy … Continue reading

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The view from Brittany

16 February 2013 Damien Perrotin Client States As you probably know, France has been at war for two weeks now. This does not change everything to our daily life and I don’t plan to raid the nearby supermarket for supply … Continue reading

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