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September 1932. "Iraq oil fields. Man with fires in desert." American Colony Photo Department, Matson Photo Collection.

Western developed economies have been resorting to almost every possible trick they can conjure up to maintain financial stability and economic growth over the last few years. And while stimulus, interest rate cuts, monetary easing, currency swaps, liquidity operations, bailout/austerity programs, bank "re-capitalizations", loan guarantees, entitlement/welfare programs, data manipulation, etc. have kept them muddling through so far, the undeniable truth is that there will SOON come a time when none of those things makes the least bit of difference anymore.

For instance, Morgan Stanley just produced a report which concluded that the euphoric market effects of quantitative easing, the most potent monetary weapon possessed by CBs, may only last a few HOURS or DAYS, rather than weeks or months. This concept should be so familiar to readers of TAE by now that I [More...]


A month and a half ago, I posed the following question in Spain, Land of Magical Financial Realism:


These days when I read about Spain I'm wondering more and more how and why it is that the country has any access at all left to international [More...]


As everything connected to Europe seemed to fall apart even before US jobs numbers were announced, and we could say I told you so a thousand times when it comes to debt deflation and crunching credit and the rise of the US dollar, but won‘t, there' [More...]


What's really left to say about Spain, anymore? This 12th largest economy in the world now finds itself as close to financial meltdown as a country (other than Greece) can get, and it has gotten there by taking the most twisted and shady path that it [More...]


I would like to present an extremely depressing and disheartening article to you today, written by Surly of the Doomstead Diner. It contains a lengthy story that encapsulates all that is ass-backwards in modern consumerist cultures, where there is an [More...]


The dialogue between academics, officials, analysts and pundits in Europe has very obviously turned towards ways of spinning a Greek exit as a "good thing" for the system, or, at least, not such a "bad thing". Last week, we saw analysts at Bank of Am [More...]


The U.S. Fish and Wildlife Service ("FWS") is the federal agency in charge of "listing" most species under the Endangered Species Act ("ESA"). This legislation was passed in 1973 and explicitly stated its goal was "to protect critically imperiled spe [More...]


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Nicole Foss Lecture Tour:

AUSTRALIA/NEW ZEALAND March-June 2013


New Zealand May/June Dates still available


May 24 Waiheke Island
Palm Beach Hall 6.30pm

May 27 Auckland
The Hillsborough Room, The Fickling Centre (Mount Eden) 7.30pm

May 29 Tauranga
Baycourt 7.15pm

May 30 Wellington
Sustainability Trust, 2 Forresters Lane 5.30pm

June 1 Otaki
Clean Technology Centre 47 Miro St. 1.30pm


US Fall 2013 - Dates Available

Request Lectures: StoneleighTravels •at• gmail •dot• com.


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