Author Archives: Yves Smith

The Future of Mining Is Deeper, Darker, and Riskier

As mining companies delve ever deeper into the Earth, new tools — from AI to metal-eating microbes — will guide the way.

“Effective Altruism” Network Infiltrates Congress, Federal Agencies to Create Silicon Valley Favoring AI Policies

How Silicon Valley has taken over the AI agenda in the Beltway, for fun and above all, profit.

Memo on the Final Solution for One State – Israel or Palestine

Why the war between Israel and Palestine is moving towards very bad outcomes.

Israel Intends to Make Gaza Uninhabitable by Cutting Power Permanently

Israel is now making no bones about the fact that it intends to make it impossible for humans, as in Palestinians, to live in Gaza.

Links 10/21/2023

India Expected To Reject Russian Demand To Pay For Oil In Chinese Yuan

As we warned, bilateral trade, here to avoid using the dollar, is messy. Russia is balking at taking more Indian rupees in payment for oil.

Russia, China Unite Against US Empire

Michael Hudson on China’s wobbles, Russia-China cooperation, the revolt against colonialism and neoliberalism, and the conflict in Gaza.

Links 10/20/2023

The British Roots of the Conflict in Palestine

How the British set up and fed strife between Israeli and Palestine.

WSJ’s Greg Ip Discusses China Crisis Risk

Fed whisperer Greg Ip expresses cautious concern about China, based on the latest IMF forecasts.

30-Year Treasury Yield Spikes Past 5%, 30-Year Mortgage Rates Hit 8%, Mortgage Applications Plunge

Treasury bond bloodbath, housing Market in deep-freeze, as delusions fade.

EPA Fast-Tracking of Gene-Altering Pesticide Sparks Concerns

The EPA is rushing a gene-changing pesticide through the approval process which would open the door to similar products from Big Chemical

Iran Calls For Middle East States to Start Economic Escalation Via Oil Embargo On Israel

An oil embargo against Israel looks unlikely to have much economic impact but it could promote other Middle Eastern joint action.