Economic news continues to dominate the headlines week-in-and-week-out. Sundays have become "dooms day" as bad news breaks before trading begins in the Asian markets. This past weekend's bomb? Lehman Brothers and Merrill Lynch are collapsing. Standing in the wings is insurance giant AIG, which is warning of impending doom. Today AIG saw its stock drop … Continue reading It’s Only Just Begun
Category: Economics
China: Transformation at Light Speed
How fast is China transforming itself into the modern age? Consider these examples from the Money and Markets article, "The 6 Giants of Global Profits" by Martin D. Weiss: China: "To Get Rich is Glorious" When Chinese Premiere Deng Xiaoping spoke these words back in 1993, Larry Edelson was among the first to let us … Continue reading China: Transformation at Light Speed
The Great Paradigm Shift
John Loeffler provides a good summary of the coming paradigm shift heading at Americans at an increasing speed. For several years, Loeffler has been talking about a window from 2009 to 2012 as the critical years when all the pieces begin to fall into place to create what Jim Pulplava has dubbed, "The Perfect Financial … Continue reading The Great Paradigm Shift
Oil Prices Reach $135 A Barrel
The quotes below from two news stories on rising oil prices help to give some context to the crisis the U.S. faces in the coming months. I draw two conclusions from these articles: Oil prices are not coming down. There are economist and politicians trying to make the point that oil will one day return … Continue reading Oil Prices Reach $135 A Barrel
IT Needs to Prepare for $200 A Barrel Oil
Tech Republic is alerting readers to begin preparing now for the increased demand for for remote connections if oil continues to climb. Bill Detwiler states: Many IT organizations, particularly in large enterprises, already support a distributed workforce. IT leaders within this category should ensure their infrastructure has the capacity to support increased demand. IT departments … Continue reading IT Needs to Prepare for $200 A Barrel Oil
Americans Watching a Way of Life Disappear?
Yesterday, crude oil reached $126 per barrel for the first time. That is a 25 percent increase year-to-date, and it isn't finished. Search the web, and it is easy to find broad-ranging opinions pointing towards $200 a barrel. This is a life-changing catastrophe for Americans. As gas quickly approaches $4.00 a gallon, we must start … Continue reading Americans Watching a Way of Life Disappear?
The Rise of a New World Order
In an interesting article in The Asian Times, Michael T. Klare highlights five forces merging on the world energy market that will create a "new energy world order." According to Klare: The combination of rising demand, the emergence of powerful new energy consumers, and the contraction of the global energy supply is demolishing the energy-abundant … Continue reading The Rise of a New World Order
Paradigm Shift
What does the economy and soaring oil prices have to do with educational technology and the church? If oil prices continue to climb, and the cost at the pump starts to hit $4.00 per gallon, $5.00 per gallon, and up, then the U.S. is in for a major paradigm shift unlike anything this generation has … Continue reading Paradigm Shift
OPEC President: $200 Oil on the Horizon?
Reuters is reporting this morning that the cost of oil could hit $200 per barrel. Citing a story in the Algerian government newspaper, El Moudjahid, the news agency quoted OPEC President Chakib Khelil saying, ""In terms of fundamentals, stocks are high, demand is easing, supply is satisfactory. Therefore normally, without geo-political problems and the fall … Continue reading OPEC President: $200 Oil on the Horizon?
America is Neither Invincible Nor Immortal
Here is an excellent article by J.R. Nyquist from Financial Sense. http://www.financialsense.com/stormwatch/geo/pastanalysis/2007/1126.html The American Republic is neither invincible nor immortal. At present, the Republic is sick. There is much amiss: No great figures appear on the national stage; The populous is distracted and the pundits are blind to the great and ever-present danger of a … Continue reading America is Neither Invincible Nor Immortal