There may be a building products industry, done with sustainable draw and re-growth of resources. Extraction of materials with ruin, is only theft, and a materials purveyor little better than an evil creep encouraging and selling poached elephant tusks. Charles and David Koch don't run an industry. They only, are timber thieves and, in that, murderers of good people like Salvador Allende enabling free trade madness . So, I imagine them atop the list of investors wanting to sell off our limited public reserves of energy for consumption now and driving down prices, then wanting export-preference, to restore higher prices. But, is it only those without conscience in this tenth of the one percent?
Go here , and be rightly scared if you are among the 99%. See what has been wrought by the greedy, goosed by 1999 elimination of Glass-Steagall restraints, damn you Bill Clinton.
http://cdn.moneymorning.com/files/2014/09/entire_banking_system_drowning_in_leveraged_debt.jpg
Replace a long-lost graphic with this Google AI summary at 3/24/2026:
Replace a long-lost graphic with this Google AI summary at 3/24/2026:
The global banking system is currently navigating a period of notable vulnerability due to financial sector leverage. While traditional banks have generally maintained solid capital positions, the risks are concentrated in the rapidly growing shadow banking sector—specifically private credit and hedge funds—where leverage has reached historical highs.
Key Areas of Leverage Risk in 2026
- Shadow Banking Exposure:
- U.S. and European banks now carry an estimated $4.5 trillion in exposure to non-bank financial institutions (NBFIs).
- Lending from traditional banks to these "shadow banks" has climbed to $1.9 trillion, a 180% increase since 2021.
- Private Credit & "Zombie" Companies:
- Approximately 640 firms in the Russell 3000 are classified as "zombie companies" that cannot cover interest expenses with their earnings.
- Many of these firms rely on Payment-In-Kind (PIK) toggles, which allow them to pay interest with more debt, a practice that now accounts for 44% of large private credit deals.
- Hedge Fund Leverage:
- Measures of leverage averaged across all hedge funds reached their highest observed levels in late 2024 and 2025.
- Corporate Default Outlook:
- While some agencies like Fitch Ratings predict a decline in defaults for 2026 (projecting 4.5%–5.0% for leveraged loans), other analysts warn of a "maturity wall" where firms must refinance at much higher rates than their original loans.
I want to know who are the creditors of this debt. Are there hidden trillionaires lurking about? Holdings of The Government Of China, I understand, but a balance of payments problem does not accrue at this pace. Would some reader please explain this?
https://cdn.moneymorning.com/files/2014/09/great_depression.jpg
(Another graphic is long-gone, at 3/24/2026.)
Then see what this greasy guy is wanting "investors" to do with hard assets of safely-buried energy, now stolen from our children and grandchildren for narrow self-protection of the privileged.
(Another graphic is long-gone, at 3/24/2026.)
Then see what this greasy guy is wanting "investors" to do with hard assets of safely-buried energy, now stolen from our children and grandchildren for narrow self-protection of the privileged.
https://cdn.moneymorning.com/files/2014/09/rickards_stock_market_death.jpg
(Another graphic is long-gone, at 3/24/2026.)
Here is advice leading to promotion of liquid natural gas for EXPORT. Anyone wanting hard-asset security and good returns might buy into and defend the crime. The awful creeps even sell fracking as the will of God , bestowed on blessed land owners. Surely they must not resist!
I'm not going to buy Jim Rickard's books. I have nothing in reserve but the hard asset of a partially-owned but very energy-efficient home. What will you do? Those readers responsible and paid to guard public interest in energy conservation, please find lessons to apply now. In Oregon, I have advised pulling public investment from the Wall Street gamblers. Everywhere, let us immediately create state banks to hold those public reserves and put them to good local use. Do we have enough time? A large and willing work force for weatherization will become available when a crash of world economies is timely. Let us be ready to engage them in secure investment of a small portion of the recovered and safe-guarded funds. Why not? Plans already underway will lessen the fall and speed recovery. We must not be resigned to twenty five year depression, accelerating, not fighting, the destruction of life on Earth.
(Another graphic is long-gone, at 3/24/2026.)
Here is advice leading to promotion of liquid natural gas for EXPORT. Anyone wanting hard-asset security and good returns might buy into and defend the crime. The awful creeps even sell fracking as the will of God , bestowed on blessed land owners. Surely they must not resist!
I'm not going to buy Jim Rickard's books. I have nothing in reserve but the hard asset of a partially-owned but very energy-efficient home. What will you do? Those readers responsible and paid to guard public interest in energy conservation, please find lessons to apply now. In Oregon, I have advised pulling public investment from the Wall Street gamblers. Everywhere, let us immediately create state banks to hold those public reserves and put them to good local use. Do we have enough time? A large and willing work force for weatherization will become available when a crash of world economies is timely. Let us be ready to engage them in secure investment of a small portion of the recovered and safe-guarded funds. Why not? Plans already underway will lessen the fall and speed recovery. We must not be resigned to twenty five year depression, accelerating, not fighting, the destruction of life on Earth.
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