10:41 am - Fri, Dec 27, 2013
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The years 2008 to 2013 were the first few years of peak oil.  We are already feeling the effects and have been for years.  When will we take the next leg down?  When the US shale oil bubble pops…sometime between 2015 and 2020. Brace yourself…

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7:31 pm - Fri, Dec 6, 2013

A fantastic mythical tale and obituary for the self image of humanity during the fossil fuel age.  Great work JMG!

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6:32 pm - Wed, Nov 13, 2013
206 notes

america-wakiewakie:

A group of Occupy Wall Street activists has bought almost $15m of Americans’ personal debt over the last year as part of the Rolling Jubilee project to help people pay off their outstanding credit.

Rolling Jubilee, set up by Occupy’s Strike Debt group following the street protests that swept the world in 2011, launched on 15 November 2012. The group purchases personal debt cheaply from banks before “abolishing” it, freeing individuals from their bills.

By purchasing the debt at knockdown prices the group has managed to free $14,734,569.87 of personal debt, mainly medical debt, spending only $400,000.

"We thought that the ratio would be about 20 to 1," said Andrew Ross, a member of Strike Debt and professor of social and cultural analysis at New York University. He said the team initially envisaged raising $50,000, which would have enabled it to buy $1m in debt.

"In fact we’ve been able to buy debt a lot more cheaply than that."

The group is able to buy debt so cheaply due to the nature of the “secondary debt market”. If individuals consistently fail to pay bills from credit cards, loans, or medical insurance the bank or lender that issued the funds will eventually cut its losses by selling that debt to a third party. These sales occur for a fraction of the debt’s true values – typically for five cents on the dollar – and debt-buying companies then attempt to recoup the debt from the individual debtor and thus make a profit.

The Rolling Jubilee project was mostly conceived as a “public education project”, Ross said.

"We’re under no illusions that $15m is just a tiny drop in the secondary debt market. It doesn’t make a dent in the amount of debt.

"Our purpose in doing this, aside from helping some people along the way – there’s certainly many, many people who are very thankful that their debts are abolished – our primary purpose was to spread information about the workings of this secondary debt market."

The group has focussed on buying medical debt, and has acquired the $14.7m in three separate purchases, most recently purchasing the value of $13.5m on medical debt owed by 2,693 people across 45 states and Puerto Rico, Rolling Jubilee said in a press release.

“No one should have to go into debt or bankruptcy because they get sick,” said Laura Hanna, an organiser with the group. Hanna said 62% of all personal bankruptcies have medical debt as a contributing factor.

Due to the nature of the debt market, the group is unable to specify whose debt it purchases, taking on the amounts before it discovers individuals’ identities. When Rolling Jubilee has bought the debt they send notes to their debtors “telling them they’re off the hook”, Ross said.

Ross, whose book, Creditocracy and the case for debt refusal, outlines the problems of the debt industry and calls for a “debtors’ movement” to resist credit, said the group had received letters from people whose debt they had lifted thanking them for the service. But the real victory was in spreading knowledge of the nature of the debt industry, he said.

"Very few people know how cheaply their debts have been bought by collectors. It changes the psychology of the debtor, knowing this.

“So when you get called up by the debt collector, and you’re being asked to pay the full amount of your debt, you now know that the debt collector has bought your debt very, very cheaply. As cheaply as we bought it. And that gives you moral ammunition to have a different conversation with the debt collector.”

(Photograph: Spencer Platt/Getty Images)

Spread the word. Deflate this onerous debt!

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(Source: america-wakiewakie, via anonymissexpress)

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8:52 pm - Sun, Nov 3, 2013
4,207 notes
did-you-kno:

Source

Great philosophy and quote.

did-you-kno:

Source

Great philosophy and quote.

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11:00 pm - Wed, Oct 30, 2013
147 notes
gunrunnerhell:

Gas Mask
A pro-Ouattara fighter of the FRCI (Republican Force of Ivory Coast), wearing a gas mask, prepares for the so-called ‘final assault’ in front of the Golf Hotel in Abidjan on April 5, 2011. Ivory Coast strongman Laurent Gbagbo is hunkered down in a bunker at his residence in Abidjan, after calling for a ceasefire as rival forces cornered him, the UN mission said.

Bad dude

gunrunnerhell:

Gas Mask

A pro-Ouattara fighter of the FRCI (Republican Force of Ivory Coast), wearing a gas mask, prepares for the so-called ‘final assault’ in front of the Golf Hotel in Abidjan on April 5, 2011. Ivory Coast strongman Laurent Gbagbo is hunkered down in a bunker at his residence in Abidjan, after calling for a ceasefire as rival forces cornered him, the UN mission said.

Bad dude

Comments

10:33 pm
2,807 notes

cabinporn:

Cyclocross racer and writer Dan Chabanov photographed teammate Dan Timmerman’s off-grid homestead (complete with yurt guest house) in the Finger Lakes of New York.

Very cool!

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8:15 pm - Tue, Oct 29, 2013
14,654 notes
Here here!

Here here!

(via quickhits)

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11:51 am - Fri, Oct 25, 2013
8 notes

silpol:

Q: “Russell Brand, where do you get the authority to talk about politics?”
RB: “I don’t get my authority from this pre-existing paradigm which is quite narrow and only serves a few people. I look elsewhere for alternatives that might be of service to humanity. Alternative means alternative political systems.”
Q: “They being…?”
RB: “Well I haven’t invented it yet! I just started this magazine last week! But here’s the thing it shouldn’t do: it shouldn’t destroy the planet, it shouldn’t create massive economic disparity, and it shouldn’t ignore the needs of the people.

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9:25 pm - Tue, Oct 22, 2013
44 notes

anonymissexpress:

When the Government’s Boot …

Yes

(Source: 1horrorpunk)

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11:45 pm - Tue, Oct 8, 2013
15,301 notes

cabinporn:

A-frame cabin built in 1968 in the woods of Dorrington, California.

Contributed by David Nichols.

Nice

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