Category Archives: politics

Public debt levels rose dramatically after the 2008 peak oil shock as governments recapitalized banks and defibrillated their sclerotic economies with large cash injections. Many OECD countries now register public debt at around 100% of GDP. Although unpleasant, this is … Continue reading →

This country has £1 trillion national debt, a £250 billion hole in its pension system, a ballooning retired population and a collapsing working population. We depend macro-economically on oil production for balance of payments, foreign exchange, interest rates and inflation—and … Continue reading →