Imagining The Post-Industrial Economy, By Sharon Astyk

Imagining The Post-Industrial Economy, By Sharon Astyk

Here is the single biggest question to consider about the economic, energy and environmental unwinding we are facing – what will the economy look as we go? I get more questions about this than about anything else – what should people do for work, what should they do with savings, how should they begin to prepare themselves for a lower energy world. What I find, however, is that among both the prepared and the unprepared, there’s a whole lot of people kidding themselves. There are those who imagine that there is no economy outside the world of the stock market and formal jobs – that a crash in those things is the end of the world, which means to them either that it can’t happen or they should buy a bunker and some ammo. Others have imagined themselves “free’ of all economic structures larger than the neighborhood, cheerfully providing most of their needs or bartering and never again touching cash. Both ideas fall into the realm of fantasy.

Roubini Predicts Eurozone Collapse; World Markets To Follow

Roubini Predicts Eurozone Collapse; World Markets To Follow

Noted American economist Nouriel Roubini says the eurozone is in the midst of crumbling, and with the rest of the world’s future at stake with a potential collapse, they might want to listen up — Roubini has been right before. Speaking privately at a get-together this week at his apartment, those in attendance have since leaked that Roubini, who manages the Roubini Global Economics firm, has low-expectations for resurgence in the eurozone. According to the economist, a collapse is imminent as the economy overseas gets more chaotic.

Living On Stolen Time, By Dmitry Orlov

Living On Stolen Time, By Dmitry Orlov

And so whether it is a retiree spending his deficit-financed social security check at the dollar store or a banker spending his bailout-financed bonus on lavish gifts for his trophy girlfriend, or a construction worker drinking his economic stimulus-financed paycheck at the bar, somebody somewhere is getting robbed—and becoming poorer.

Roubini & Soros: U.S. Already In Double Dip Recession; Warn of Uprising

Roubini & Soros: U.S. Already In Double Dip Recession; Warn of Uprising

Dr. Doom Roubini has grown even more pessimistic since he put a 60% probability of a U.S. double dip in 2012 just about three weeks ago. Business Day reported that speaking at a press conference in Johannesburg on Sep. 20, Roubini now says, “The US is already in a recession although it will not admit it.” and that the rest of the world would not be insulated from the effects of another global meltdown. (Clip Below)

Gross National Happiness, By Richard Heinberg

Gross National Happiness, By Richard Heinberg

After World War II, the industrial nations of the world set out to rebuild their economies and needed a yardstick by which to measure their progress. The index soon settled upon was the Gross National Product, or GNP—defined as the market value of all goods and services produced in one year by the labor and property supplied by the residents of a given country. A similar measure, Gross Domestic Product, or GDP (which defines production based on its geographic location rather than its ownership) is more often used today; when considered globally, GDP and GNP are equivalent terms.