Oil and Real Estate Bubbles in Canada: What Goes up Won’t so Smoothly Come Down
By James Magnus-Johnston, The Daly News
When prices are high, the debt-based Ponzi scheme functions; when prices sustain lows, the scheme unravels.
Tag: financial bubbles
Déjà Vu All Over Again
By John Michael Greer, The Archdruid Report
Every square on the bingo card marked “economic debacle” has been filled in with a pen dipped in fracking fluid.
Heading Toward The Sidewalk
By John Michael Greer, The Archdruid Report
Talking about historical change is one thing when the changes under discussion are at some convenient remove in the past or the future. It’s quite another when the changes are already taking place.
Money System Mayhem?
By Justin Ritchie, Seth Moser-Katz, The Extraenvironmentalist
With Jim Rickards author of The Death of Money: The Coming Collapse of the International Monetary System, and behavioral economist Colin Camerer.
When Predatory Equity Hit the Big Apple
By Laura Gottesdiener, TomDispatch
How Private Equity Came to New York’s Rental Market -- and What That Tells Us About the Future.
More evidence that capitalism never solves its crises
By Jerome Roos, ROAR Magazine
As David Harvey has noted, and as the ongoing emerging market panic confirms, capitalism never solves its crises — it merely moves them around geographically.