Should the rise of conflicts across the Middle East and Ukraine serve as a warning sign that something much more dangerous is approaching?
Mitchell Boden's insight:
"Jim Rickards, the CIA's Asymmetric Warfare Advisor, reveals that all 16 U.S. Intelligence Agencies have begun to prepare for World War III. And to make matters worse, his colleagues believe it could begin within the next 6 months."
Virtually every past civilization has eventually undergone collapse, a loss of socio-political-economic complexity usually accompanied by a dramatic decline in population size. Some, like those of Egypt and China, have recovered from collapses at various stages; others, like that of Easter Island or the Classic Maya, were apparently permanent.
According to Russia's RIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan for the transfers. Meaning Russia will export energy to either Europe or China, and receive payment in either Rubles or Yuan, in effect making the two currencies equivalent as far as the Eurasian axis is conerned, but most importantly, transact completely away from the US dollar thus, finally putin'(sic) in action the move for a Petrodollar-free world.
So where does that leave the world's working class?
Mitchell Boden's insight:
And this is why Capitalism is soon doomed to fail.
"- to ensure that the 99 percent of tomorrow benefit from still-accelerating technology, we're going to have to push for policy adjustments that adapt to our mechanized world. Radical income redistribution is probably in order, even a minimum guaranteed income; ideas unlikely to prove popular to the corporate titans used to reaping outsized rewards."
Memo: From Nick HanauerTo: My Fellow ZillionairesYou probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club I started in my 20s to giant ones like Amazon.com, for...
What would you say if we told you that Americans are nearly 60 trillion dollars in debt? Well, it is true. When you total up all forms of debt including government debt, business debt, mortgage debt and consumer debt, we are 59.4 trillion dollars in debt. 2008 should have been a major wake up call that resulted in massive changes. But instead, our leaders just patched up the old system and reinflated the old bubbles so that they are now even larger than they were before. They assure us that they know exactly what they are doing and that everything will be just fine. Unfortunately, they are dead wrong.
by Extropia DaSilva As robots slowly become more capable, the realization that our relationship with work must undergo radical review is spreading. Mostly, thoughts turn to the link between jobs and wages. Proposals are put forward, such as the introduction of a guaranteed basic income or a moneyless society, as possible solutions for a time when the rise of automation will make human beings- in employable terms at least- truly…