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Romania’s Government Collapses

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Romania’s prime minister has been toppled after the parliament passed a vote of no confidence tabled by his party. Barely six months after winning elections, Sorin Grindeanu was ousted by almost all the MPs in his leftwing Social Democratic party (PSD) with the backing of their junior coalition partners, the Alliance of Liberals and Democrats […]

Saudi King Removes Crown Prince, Names Son As First Heir

Public Policy

In a shocking development, on Wednesday Saudi Arabia’s King Salman appointed his 31-year-old son Mohammed bin Salman (his eldest son from his third wife) as crown prince, placing him as first-in-line to the throne and removing his nephew, 57-year-old Mohammed bin Nayef – the country’s counterterrorism czar and a figure well-known to Washington – from […]

Trump’s Attack On Renewable Energy

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Fossil fuels have long been subsidized by tax policies, such as the oil depletion allowance, and by infrastructure construction, such as the interstate highway system. In light of these long-standing subsidies, it’s always a little ironic when fossil fuel industry advocates complain about tax expenditures and other subsidies promoting the renewable energy business. In my […]

The Imperial City At The Brink

Public Policy

David Stockman routinely refers to President Trump as the ‘Great Disrupter’. But this is not a bad quality, he insists. Rather, it is a necessary one: Stockman argues (my paraphrasing) that Trump represents the outside force, the externality, that tips a ‘world system’ over the brink: It has to tip over the brink, because systems […]

Squats for Migrants

Public Policy

Responding to the refugee crisis, many European anarchists and other activists have stepped up to try and help provide services and a sense of community to those who have been rendered stateless in a foreign land. Watch the entire show here –…

Kunstler: Absent Without Leave

Public Policy

It ain’t bragging if it’s true. I’ve said repeatedly on this blog for years that the federal government would only become more impotent, more incompetent, and more ineffectual as The Long Emergency rolled out. And here we are now, at just such pass in history. The process has been well underway since the beginning of […]

PetroDollar System In Trouble As Saudi Arabia Continues To Liquidate Foreign Exchange Reserves

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The U.S. PetroDollar system is in serious trouble as the Middle East’s largest oil producer continues to suffer as the low oil price devastates its financial bottom line.  Saudi Arabia, the key player in the PetroDollar system, continues to liquidate its foreign exchange reserves as the current price of oil is not covering the cost […]

Summer Of Hate: The Arrival Of The Crisis & The Second Civil War?

Public Policy

In our previous article, we discussed how our analysis of recent events in the US and elsewhere seem to be leading up to some sort of ‘Crisis Event’ that appears to correlate with some of the predictions made in Neil Strauss and William Howe’s 1997 book The Fourth Turning: What the Cycles of History Tell […]

Trump sells Qatar $12 billion of U.S. weapons days after accusing it of funding terrorism

Public Policy

While President Trump berates Qatar for sponsoring terrorism at the highest levels, he is simultaneously authorizing the country to purchase over $21 billion of U.S. weapons. One portion of that deal — $12 billion for 36 F-15QA fighter jets — was inked on Wednesday in Washington, D.C., when Qatar’s Defense Minister met with U.S. Defense […]

Gulf Showdown Exposes Qatar’s Fragility

Public Policy

At her new exhibition in Doha, Qatari artist Maryam Al-Semaitt explained to guests the central message of her latest work: what happens when great wealth is taken for granted. That money, mainly from selling natural gas from a peninsula in the Gulf desert that was a British protectorate until 1971, has paid for the city’s […]

Kunstler: Things To Come

Public Policy

As our politicos creep deeper into a legalistic wilderness hunting for phantoms of Russian collusion, nobody pays attention to the most dangerous force in American life: the unraveling financialization of the economy. Financialization is what happens when the people-in-charge “create” colossal sums of “money” out of nothing — by issuing loans, a.k.a. debt — and […]

Fed rate hike this week to hit millions of borrowers

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The Federal Reserve this week is expected to enact a quarter-point rate hike that would take its benchmark target to between 1 percent and 1.25 percent. TransUnion estimates that 8.6 million borrowers were unable to take the payment hit the last time the Fed hiked in December. Another full percentage point hike from here could […]

The Challenge of Defining Fossil Fuel Subsidies

Public Policy

Just over a year ago, the G7 group of nations pledged to end all “inefficient fossil fuel subsidies” by 2025. This language disappeared from the latest annual G7 communique, signed in Sicily last month, while a similar G20 promise to end subsidies has no deadline. Meanwhile, on the fringes of such promises lies the perpetual […]

The Fourth Turning: A Summer Of Rage And The Total Eclipse Of The Deep State

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“If you do a worldwide survey of eclipse lore, the theme that constantly appears, with few exceptions, is it’s always a disruption of the established order,” said E. C. Krupp, director of the Griffith Observatory in Los Angeles, California. That’s true of both solar and lunar eclipses. “People depend on the sun’s movement,” Krupp said. […]

Gulf Crisis: Cold War in the GCC

Public Policy

The Gulf Cooperation Council was rocked by scandal this week as Saudi Arabia and its allies swiftly moved to cut all ties with fellow member Qatar over claims that it supports regional terrorism. The allegations are purportedly due to Doha’s persistent backing of the Muslim Brotherhood despite agreeing in late-2014 to radically downscale its support for the organization as part of a détente […]

Tillerson Tells Arab States To Lift Qatar Blockade: “It’s Hindering The Campaign Against ISIS”

Public Policy

Secretary of State Rex Tillerson called on the Saudi Arabia-led coalition, which includes UAE, Bahrain and Egypt and others, to lift its blockade of Qatar, saying that the cutoff is hindering the fight against the (Qatar-funded) Islamic State. Tillerson also said the blockade had led to food shortages and forced families to uproot themselves and […]

UK election: Brexit confusion

Public Policy

UK Prime Minister Theresa May went to the country June 8 seeking a larger mandate both personally and for Brexit, negotiations for which should in theory start in a matter of weeks. Instead, the UK has returned a hung parliament in which no single party has an overall majority. It is a devastating result for […]

Kunstler: Moby Trump

Public Policy

He breached out of the horse latitudes in the Great Sea of Politics last spring and destroyed all the lesser whales with his mighty flukes, but now the Democratic Pequod, with its diverse and inclusive crew has vowed to chase him to the ends of the earth until he spouts black blood and rolls dead […]

Qatar Puts Military On Highest State Of Alert Over Fears Of Imminent Incursion

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esterday’s news that Saudi Arabia has issued an ultimatum to Qatar, listing ten demands among which that Qatar end all ties with the Muslim Brotherhood and Hamas, has prompted a dramatic response by the small Gulf nation, and according to a just released report by Arabic CNN (and confirmed locally) US officials have said they […]

Desert of Death

Public Policy

Every year, hundreds of people fleeing poverty and persecution from Central and South America, die attempting to cross the desert lands around the Mexico / USA border. US based humanitarian group “No More Deaths” maintains a year-round presence in the deserts of southwestern Arizona where volunteers leave water, food, socks, blankets, and other supplies, to […]

China will declare war if PH drills for oil

Public Policy

On May 19, 2017, President Rodrigo Duterte disclosed at a press conference in Manila that he met with Chinese President Xi Jinping during the “One Belt, One Road” summit in Beijing on May 15 and told Xi of his country’s intention to drill for oil in the West Philippine Sea. “We intend to drill oil […]

The Saudi Prince, the Sheikh and a Gulf Renegade

Public Policy

The choreographed statements by Saudi Arabia and three allies to quarantine Qatar at just after 6 a.m. on June 5 were not signed, but there was no mistake about who was behind them. The move to halt air and sea transport and shut the tiny Gulf nation’s only land border carried the fingerprints of two of […]

Capitalism is destructive and unsustainable

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Several crises of contemporary capitalism have reached or are reaching dangerous tipping points. They are rooted in a path of destructive and unsustainable development. They include extreme wealth and social inequality, job loss and dislocation from automation, and the existential threat posed by the ecological crisis. These interconnected crises are impacting everything and must be […]

Saudi Arabia Gives Qatar 24 Hour Ultimatum As Analysts Warn Of “Military Confrontation”

Public Policy

Shortly after imposing a naval blockade in the immediate  aftermath of the Qatar diplomatic crisis, one which left the small Gulf nation not only politically isolated and with severed ties to its neighbors but potentially locked out of maritime trade and crippling its oil and LNG exports, on Tuesday SkyNews Arabia reported that Saudi Arabia […]

The Arab World Has Never Recovered From the Loss of 1967

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On Dec. 11, 2016, Sadiq Jalal al-Azm, Syria’s most consequential public intellectual in the last half-century, died in Berlin. He was 82 years old. In his last conscious days, Azm, like numerous other Syrian exiles, watched from afar the slow, methodical massacre of rebel-held eastern Aleppo. For a man who struggled for half a century […]

Washington’s Empire Is Not Unraveling

Public Policy

Paul Craig Roberts The military/security complex spent seven decades building its empire. The complex assassinated one American president (JFK) who threatened the empire and drove another (Richard Nixon) out of office. The complex does not tolerate the election of politicians in Europe who might not follow Washington’s line on foreign and economic policy. Suddenly, according […]

T. Boone Pickens Applauds Trump’s Decision to Withdraw From Paris Climate Agreement

Public Policy

Today, President Donald J. Trump announced that he will pull the United States out of the Paris climate accord. Me, I’m with the Weather Channel on this move: Weather Channel brings the fire — Ryan Teague Beckwith (@ryanbeckwith) June 1, 2017 But T. Boone Pickens sees things differently. Here’s the statement he posted to […]

Israel’s Secret Plan to Nuke the Egyptian Desert

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Fifty years ago, war transformed the Middle East. From June 5 to June 10, 1967—known to Israelis as the Six-Day War and to Arabs as the 1967 War—Israel defeated three Arab armies, gained territory four times its original size and transformed from a nation fighting for survival into an occupier and regional powerhouse. The consequences […]

Kunstler: Gimme Shelter

Public Policy

“Have you all lost your mind?” Vladimir Putin replied to one of Megyn Kelly’s thrusts about alleged Russian perfidy toward the US in the gala interview that debuted her new Sunday Night star-chamber on CNN. Old Vlad put his finger on something there. His view of the late goings-on in America is like that of […]

It’s A “Geopolitical Earthquake”: A Stunned World Responds After Saudi Alliance Cuts All Ties With Qatar

Public Policy

Virtually nobody saw it coming. Late on Sunday night, the Saudi-led alliance of Gulf Arab states including Egypt, shocked the world when they announced they had severed ties and closed borders with one of the Gulf’s wealthiest, if smallest, neighbors Qatar, a (now former) member of the Gulf Cooperation Council in what we called a […]

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PO Real Time

@jresener @MarkRuffalo @carolynsbuddy You might think I need mental health young lady, let me tell you something: #PeakOil is real = it will hit the USA like the Hammer of Thor

#Energy very likely to be same as #water supply. 0/very low cost for the product & only distribution cost for users to pay. #peakoil is dead

From Mideast to Argentina, Total Bets on Cheap Oil, Gas #PeakOil