No Short Supply of Freaking Doom!

…”One such untenable arrangement rests on the notion that it is possible to perpetually borrow more and more money from abroad, to pay for more and more energy imports, while the price of these imports continues to double every few years.”

And why not? He reveals the problem so elegantly, almost Newtonian, when he explains, “Free money with which to buy energy equals free energy, and free energy does not occur in nature.”


And how to explain that it IS occurring right now? He easily brushes me off, like he would some pesky fly buzzing around his head, by saying, “This must therefore be a transient condition. When the flow of energy snaps back toward equilibrium, much of the U.S. economy will be forced to shut down.”

And what does this mean by “shut down” in terms of the essential staples of modern life like, you know, 24-hour convenience stores with gasoline pumps, 24-hour coffee shops and 24-hour adult novelty stores? I see him mentally check those three items off the list, and then he says we should, “certainly expect shortages of fuel, food, medicine, and countless consumer items, outages of electricity, gas, and water, breakdowns in transportation systems and other infrastructure, hyperinflation, widespread shutdowns and mass layoffs, along with a lot of despair, confusion, violence, and lawlessness.”

Daily Reckoning