Category Archives: Doomsday scenarios

Tale of Two Cities Redux: HK to Ease its COVID-19 Restrictions, While NYC Situation Remains Dire

Hong Kong’s public health authorities protect its population from COVID-19, via use of masks; NYC, by contrast, flounders.

Rubbish Is Piling Up and Recycling Has Stalled – Waste Systems Must Adapt

The COVID-19 crisis has disrupted waste management, especially the EU plan to move from virgin resourcs inputs towards a circular economy.

Big Oil Fears Keystone XL Ruling Means End of Easy Pipeline Permits

Important pipeline legal ruling, plus some context: the Trump administration didn’t pioneer US policy of greenlighting oil pipelines.

More Public Pension Fund Pain: LACERS Reports Hit to Liquidity from Private Equity Capital Calls; Are Fund Managers Exploiting the Dumb Money Yet Again?

Private equity firms are sucking cash out of their limited partners at the worst possible time, exposing public pension funds in particular to liquidity crunches and fire sales.

Finance Capitalism vs Industrial Capitalism: How Financial Parasites and Debt Bondage Are Destroying Us

Another Michael Hudson star turn on debt dynamics, this time focusing on the coronavirus bailouts are shoring up rentiers.

Max Blumenthal and Ben Norton With Michael Hudson: How The US Makes Countries Pay For Its Wars – Economics Of American Imperialism

Economist Michael Hudson explains how American imperialism has created a global free lunch, where the US makes foreign countries pay for its wars, and even their own occupation.

Is There Deflation or Inflation in Our Future?

We don’t have a recovery in sight, but some economists are already worried about inflation.

‘No Warming, No War’: Report Details How US Militarism and Climate Crisis Are Deeply Interwoven

“In the face of both COVID-19 and the climate crisis, we urgently need to shift from a culture of war to a culture of care.”

Max Blumenthal and Ben Norton With Michael Hudson: US Coronavirus “Bailout” Is a $6 Trillion Scam

Michael Hudson explians why the coronavirus bailouts are even more of a gimmie to the rich than they look.

Coronavirus-Induced Food Supply Disruptions Hitting Farmers, Poor Consumers

Food scarcity is already starting to bite in the US and is likely to become a serious problem in much of the world.

Coronavirus Pandemic is Paving the Way for an Increase in Superbugs

The coronavirus crisis will exacerbate an existing threat to healthcare systems, around the world: the problem of antibiotic resistance.

Inequality and the Coronavirus: Destroying American Society From the Top Down

Coronavirus is exposing the severity of inequality in the US, particulary limited access to health care and the health costs of poverty.

The Coronavirus New Normal Has Only Started To Arrive

Why we aren’t even at the end of the beginning of coronavirus-induced change.

The Worst Is Yet To Come for Oil Prices

Collaping oil prices demonstrate the severity of the fall in real economy activity.