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Page added on May 3, 2009

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From financial crisis to global catastrophe

Financial crisis which manifested in the 2008 (but started much earlier) has led to discussion in alarmists circles – is this crisis the beginning of the final sunset of mankind? In this article we will not consider the view that the crisis will suddenly disappear and everything returns to its own as trivial and in my opinion false. Transition of the crisis into the global catastrophe emerged the following perspective:

1) The crisis is the beginning of long slump (E. Yudkowsky term), which gradually lead mankind to a new Middle Ages. This point of view is supported by proponents of Peak Oil theory, who believe that recently was passed peak of production of liquid fuels, and since that time, the number of oil production begins to drop a few percent each year, according to bell curve, and that fossil fuel is a necessary resource for the existence of modern civilization, which will not be able to switch to alternative energy sources. They see the current financial crisis as a direct consequence of high oil prices, which brace immoderate consumption. The maintenance is the point of view is the of

(Note that the possibility of replacing some of resources with other leads to that peaks of each resource flag to one moment in time.) Finally, there is a theory of the



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