by StarvingLion » Tue 13 Oct 2015, 23:21:24
Billy needs to add an 's' to the word 'Miracle'. Instead of Galaxy Class Warp Cores we get reduced to a bunch of Tribal Recyclers.
We are not just facing a run of the mill recession here, but a triple crisis scheduled to hit in the 2015-2030 interval:
– A general resource crisis, as we have run out of the cheap easy to obtain resources and are moving fast towards the expensive hard to obtain resources due to our explosive population growth. Paradoxically this is manifesting as an affordability problem so resources are becoming not only more expensive to obtain, but less demanded, and thus are facing a double hit from increasing costs and decreasing prices. This is going to manifest as the next recession-depression headed by commodity countries.
– A general debt crisis as the model of increasing indebtedness started in the 80’s has run its course and now comes to the realization that the debt cannot be neither paid, nor rolled, nor serviced, in the zero growth environment we are achieving. The resulting deflationary environment will bring a day of reckoning as essentially most of the world countries are unable to pay their debts. Debts can be written off, but not without another major upset to the world economy and hopefully not another global war.
– A general monetary crisis as the folly of the central banks cannot be unwind without sending the world economy into a terminal tail spin in a debt saturated world. Sooner rather than later people will awake to the true value of currencies in a world of crashing global commerce, debt repudiation and economic malaise, and the deflation will instantly turn into a vicious inflation and run for hard assets. A new monetary system will be required once the world middle class is thoroughly destroyed.
Each an everyone of these problems is unavoidable and will come to haunt us in due course. We are going to have plenty of entertainment as we watch CO2 emissions dwindle and climate cool. The Greens are going to be ecstatic and will claim victory in the climate wars against fossil fuel capitalism. Global thermaggedon, never a possibility, will be “avoided”, they will say, due to their efforts.
Thankfully we, and our close descendants, will all be dead before the next glacial inception reduces mankind to a bunch of tribal recyclers, less than one tenth our present numbers.
Outcast_Searcher is a fraud.