Category Archives: Doomsday scenarios

Michael Hudson on the Coming Global Fracture as Economic Orders Clash

How our current “clash of civilizations” is a war between economic models.

The Oil Industry’s Downstream Nightmare Is Here To Stay

Another oil and gas crisis problem: inadequate refinery capacity.

“One Reason Republican Lies About the Climate Crisis Work”

Republicans use the fact that tackling climate change will impose costs as a reason not to go there, while Dems largely finesse the issue.

Sanctions Now Weapons of Mass Starvation

US/allied sanctions against Russia have not achieved their objectives but are worsening economic stagnation, inflation and hunger worldwide.

Gresham’s New Law – In War There Is No Law

Gresham as an introduction to some of the key financial players in Russia.

EU Continues to Try to Hurt Russia by Shooting Itself in the Foot

Amazement that the EU is engaging in yet more self harm to try to damage Russia.

NY Spurns Recycling Fairy, and Instead Considers New Extended Producer Responsibility Requirements

NY is poised to say no to plastics? Alas, no, but the state is mulling extended producer responsibility measures, to place the onus for waste management on plastics pushers rather than on consumers.

The War Nerd: NATO, A Memoir

NATO….how exactly did we get here?

Our Global Economic System Is Broken. Are We Headed for a Mass Revolt?

An increase in global hunger, combined with the rich getting even richer, would seem to set the stage for revolt. But is that in the cards?

The Danger of Underestimating Russia

If we keep insisting on sticking with our self-serving fantasies about Russia, we are only going to dig our hole deeper.

The EU Needs More Than $1 Trillion for Plan to Ditch Russian Oil and Gas

The EU will have to make very large expenditures to end its depencence on Russian energy. But does it also have the organizational chops?

Housing Bubble Getting Ready to Pop: Unsold Inventory of New Houses Spikes by Most Ever, to Highest since 2008, with 9 Months’ Supply, Sales Collapse at Prices below $400k

The housing market is starting to unravel at the lower end, with new home purchases taking the biggest hit.

At Least 11 Dead in Wake of Michigan Tornado, Canada Derecho

As if tornadoes weren’t bad enough, you now need to add the derecho to your summer weather risks.

Paradigm and Nervous Breakdown: Globalization Goes Into Reverse as Inflation/Scarcity Crisis Accelerates

How long-established structures are approaching breakdown, yet those in charge try to look past that.