‘The End of Growth’ excerpt by Richard Heinberg

This article is an excerpt from Richard’s new book (working title ‘The End of Growth’), which is set for publication in July 2011. Given the urgency and fragility of the global economic crisis, it is being serialized as Richard writes it. This chapter gives the history of events that have lead us to where we are today.

Richard Heinberg is the author of nine books, including The Party’s Over, Peak Everything, and the newly released Blackout, and is widely regarded as one of the world’s most effective communicators of the urgent need to transition away from fossil fuels. With a wry, unflinching approach based on facts and realism, Richard exposes the tenuousness of our current way of life and offers a vision for a truly sustainable future.

Read the chapter on 'The Sound of Air Escaping' and make sure to visit his Facebook page.

8 Reasons Wall Street Loses Another 20% in This Decade

You cannot win at Wall Street's "Loser's Game." The past decade proves it. The house always wins in Vegas and on Wall Street. So why bet on the house? Why bet with the Wall Street casino for another decade? Why? You're betting in a rigged casino. Worse, they keep adding powerful new tools, scams and algorithms to their "financial weapons of mass destruction" arsenal, as Warren Buffett calls this mysterious $670 trillion global shadow banking world of derivatives. You cannot win.

Statistically, the odds now predict Wall Street losing another 20% of your money in the next decade. The momentum's headed down. So, what should you do? Sell all your stocks, ETFs, bonds and funds. Get out of commodities and gold. Sell.

Read the article by Paul B. Farrell.