If oil prices remain low Iraq will not get out of its current budget deficit. That will worsen all other problems this country is already suffering from.
Articles: finance (26)
Here’s a statistic that ought to alarm anyone interested in rebuilding local economies and redirecting the flow of capital away from Wall Street and toward more productive ends
Sandy tells of localism, emergence, a new type of financial system, and more...
One of the key recommendations is the feed in tariff which is probably inspired by the successful German implementation of solar energy.
The financial system as an accelerator and multiplier of the economic and social impacts of energy depletion.
With Jim Rickards author of The Death of Money: The Coming Collapse of the International Monetary System, and behavioral economist Colin Camerer.
Money can be looked at as a marker for energy (alternatively; money is a claim on energy). As energy prices rise and/or energy supplies decline, this will depreciate the purchase value of money (and other paper constructs representing money).
Author Richard Heinberg on geopolitics, finance, and environment of the slow crash. Global Crossing and Green Festivals President Kevin Danaher on transition to green economy. Unicyclist for climate Joseph Boutelier.
"Once you accept that growth will cease, all of the current ‘common sense’ assumptions about investing, such as the assumption of making money from money, cease to be true."
•The truth is out: money is just an IOU, and the banks are rolling in it •Limits to Investment •Alive in the Sunshine