john maynard keynes

Geopolitical implications of the current economic downturn

Summary:  How will this recession end?  My guess:  with re-balancing of the global economy and a decline of the US dollar so that the our goods and services are again competitive.  No more trade deficit, we can pay our debts, and there will be no serious outflow of jobs. There are several schools of economic thinking about …

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More good news about Peak Oil, on the demand side

Many in the Peak Oil community have trumpeted the rise of oil prices from their 1990’s average of aprox $20 (measured by West Texas Intermediate, aka WTI). For example, note these posts at The Old Drum: The Bet Oil Price Touches $100 a Barrel; Signal of Pending Oil Shortages Ignored Holding Daniel Yergin and CERA …

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Death of the post-WWII geopolitical regime – death by debt

But this *long run* is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again. — John Maynard Keynes, “A Tract on …

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More paths to failure in Iraq. Part III of a series.

Summary:   This is Part 3 of this series, looking at more pathways to failure in Iraq.  Only when we abandon our dreams of victory can salvage what we can and plan for successes after Iraq.  Links to the other chapters are at the end. . History repeats itself because we fail to learn from it. “Our nation …

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