According this video,
https://www.youtube.com/watch?v=8j4Tyy5nsQ8
the world's economy will collapse in 2020. That's only 5 to 6 years away. This is because our oil production will decrease to an insufficient level to meet our current demand for oil. By 2027, our oil production will only be able to met 1/2 of the global demand for oil. This will cause a major economic depression and food storage around the world.
Get ready for the worst because it is happening soon.
PeakOil is You
Global Economic Collapse is happening sooner than you think
Global Economic Collapse is happening sooner than you think
by DesuMaiden » Fri 24 Oct 2014, 04:47:49
History repeats itself. Just everytime with different characters and players.
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Re: Global Economic Collapse is happening sooner than you th
by Tanada » Fri 24 Oct 2014, 07:37:50
As one of the older crew who have been here since the mid Aughts five more years will be 15 years after I arrived. Soon in a geological sense, certainly, but long overdue if you argued the timing for the last decade 
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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Re: Global Economic Collapse is happening sooner than you th
by Pops » Fri 24 Oct 2014, 08:27:30
If you notice, the datelines are all 3-5 years old. 2015 is a couple of months away and the production of oilish stuff is higher than when the vid was made. Things change and you have to keep up - I realize you are later to this party than some but my best advice is to look out for the pinch points rather than fretting over some apocalyptic collapse that will crush everything.
After reading this stuff for years, I'll say predicting the future is tough, but much tougher when one chooses to consume only a particular version of the present. That is the trick, keeping an open mind to whatever evidence presents and making your plans based on the best evidence rather than the best rationalization for your existing plan.
I'd like to say I have an open mind, probably a better description is that my mind wanders, LOL.
Not saying a global collapse is impossible, anything's possible, even contracting ebola from a doorknob in Bunker, Mo; but you need to play the odds.
After reading this stuff for years, I'll say predicting the future is tough, but much tougher when one chooses to consume only a particular version of the present. That is the trick, keeping an open mind to whatever evidence presents and making your plans based on the best evidence rather than the best rationalization for your existing plan.
I'd like to say I have an open mind, probably a better description is that my mind wanders, LOL.
Not saying a global collapse is impossible, anything's possible, even contracting ebola from a doorknob in Bunker, Mo; but you need to play the odds.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: Global Economic Collapse is happening sooner than you th
by GHung » Fri 24 Oct 2014, 09:21:50
I'm with Pops and Tanada; been beating this drum going on 20 years and have learned to not under-estimate the amount of shear inertia and faux-trust in 20th century systems, though I did under-estimate central banks' insane ability to extend and pretend.
http://www.bloomberg.com/news/2014-10-2 ... of-qe.html
$this->bbcode_second_pass_quote('', 'Q')uantitative easing may turn out to be a gift that keeps on giving for the U.S. economy.
As the Federal Reserve prepares to end its third round of bond buying next week, the central bank plans to hang on to the record $4.48 trillion balance sheet it has accumulated since announcing the first round of purchases in November 2008.
That will continue to keep a lid on borrowing costs, helping the Fed lift inflation closer to its target and providing support to a five-year expansion facing headwinds abroad, from war in the Mideast to slowing growth in Europe and China...
http://www.bloomberg.com/news/2014-10-2 ... of-qe.html
$this->bbcode_second_pass_quote('', 'Q')uantitative easing may turn out to be a gift that keeps on giving for the U.S. economy.
As the Federal Reserve prepares to end its third round of bond buying next week, the central bank plans to hang on to the record $4.48 trillion balance sheet it has accumulated since announcing the first round of purchases in November 2008.
That will continue to keep a lid on borrowing costs, helping the Fed lift inflation closer to its target and providing support to a five-year expansion facing headwinds abroad, from war in the Mideast to slowing growth in Europe and China...
Surely they know these unprecedentedly high levels of debt can never be paid off; that a giant reset is thoroughly baked in. Extend and pretend is how the future will define the early 21st century, when all global systems have been linked and leveraged to each other to a remarkable degree.
Just how far into overshoot our collective can push their relationship to the planet remains to be seen, but every year this paradigm continues will make the inevitable decline exponentially worse. The downside to industrial man's ascent gets steeper by the moment, as the pressure increases, all of our relief valves are beeing wired shut; consequences compounded and delayed, but certainly not avoided. Fossil fuels are the 'Ring of Power', and we are Gollum.
Greer mentioned in this week's post that -
$this->bbcode_second_pass_quote('', 'O')ne wrinkle many people miss is that we’re not waiting for the first of the three and a half rounds of crisis and recovery to hit; we’re waiting for the second. The first began in 1914 and ended around 1954, driven by the downfall of the British Empire and the collapse of European domination of the globe...
Whenever the next crisis becomes undeniable, it will be a great laugh/cry moment for me personally, if I'm around to see it, here from the cheap seats; how could some of us have been so right and all of us have been so wrong? Hopefully we haven't destroyed any chances for whomever or whatever remains,, to survive in the mess we've made.
Blessed are the Meek, for they shall inherit nothing but their Souls. - Anonymous Ghung Person
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Re: Global Economic Collapse is happening sooner than you th
by JuanP » Fri 24 Oct 2014, 11:22:41
Desu, we are already living in a world that gets worse every day. I hope you are right and we have five years. I see things unraveling scaringly fast right now. In the USA, in particular, the situation is hopeless because of the horrible government policies. And, it seems, that the US government has decided to drag the rest of the world down with them, unfortunately.
Live for today, man. The future sucks!
Live for today, man. The future sucks!
"Human stupidity has no limits" JuanP
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Re: Global Economic Collapse is happening sooner than you th
by KingM » Fri 24 Oct 2014, 13:24:06
For the final collapse to happen "sooner than you think" for the PO crowd, it would have come to pass around 2006 or so.
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Re: Global Economic Collapse is happening sooner than you th
by MonteQuest » Fri 24 Oct 2014, 14:07:33
Desu,
The economics effects of peak oil happen well in advance of demand outstripping supply. The economy, as we have come to know it, collapsed when the oil price increased 300%. Only a unfathomable amount of debt, inflated assets, and creative book-keeping keeps this afloat. The tipping point for a global economic collapse may have little to do with actual production, but price and debt affecting GDP and economic oil production.
The economics effects of peak oil happen well in advance of demand outstripping supply. The economy, as we have come to know it, collapsed when the oil price increased 300%. Only a unfathomable amount of debt, inflated assets, and creative book-keeping keeps this afloat. The tipping point for a global economic collapse may have little to do with actual production, but price and debt affecting GDP and economic oil production.
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
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Re: Global Economic Collapse is happening sooner than you th
by dolanbaker » Fri 24 Oct 2014, 14:15:45
Global collapse is very unlikely, simply down to the fact that far too many powerful individuals have a huge stake in it! That's not to say that from time to time sectors of the economy will "be left out to dry" like The European banking sector a decade ago, or Irish construction industry (which lost something like 80% of its staff).
The real impact is that we are already past "peak lifestyle" in the west, the fact that most of our consumer goods are made in China using cheap labour, hides this decline well.
The boom-bust cycle will continue on as usual, but with one difference, in future it is likely that the peak of each boom will be lower than the previous boom, previously it used to be higher.
Another thing to consider is that the inflation that used to "hide the debt", is almost non-existent due to the inability to raise interest rates for fear of killing the economy.
The real impact is that we are already past "peak lifestyle" in the west, the fact that most of our consumer goods are made in China using cheap labour, hides this decline well.
The boom-bust cycle will continue on as usual, but with one difference, in future it is likely that the peak of each boom will be lower than the previous boom, previously it used to be higher.
Another thing to consider is that the inflation that used to "hide the debt", is almost non-existent due to the inability to raise interest rates for fear of killing the economy.
Religion is regarded by the common people as true, by the wise as false, and by rulers as useful.:Anonymous
Our whole economy is based on planned obsolescence.
Hungrymoggy "I am now predicting that Europe will NUKE ITSELF sometime in the first week of January"
Our whole economy is based on planned obsolescence.
Hungrymoggy "I am now predicting that Europe will NUKE ITSELF sometime in the first week of January"
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Re: Global Economic Collapse is happening sooner than you th
by Deputy Barnes » Fri 24 Oct 2014, 18:34:08
Just one problem with this: The west's population is shrinking. It does not matter if the powerful want the economy to collapse or not when the demographics just aren't in their hands. People in their 50s and 60s are retiring, those in their 20s are not having hardly any kids anymore and those kids are not as interested in finance, science or engineering as their predecessors. Young males are sitting out the workforce and in nations like Japan they are increasingly retreating to their bedrooms to immerse themselves in video games, to escape the harsh, crushing reality of being a young male in the 1st world. China also has an aging problem. We are about to witness the greatest exodus of investors out of the market the world has ever seen. You had better believe the system is going to crash and burn to a crisp.
$this->bbcode_second_pass_quote('dolanbaker', 'G')lobal collapse is very unlikely, simply down to the fact that far too many powerful individuals have a huge stake in it! That's not to say that from time to time sectors of the economy will "be left out to dry" like The European banking sector a decade ago, or Irish construction industry (which lost something like 80% of its staff).
The real impact is that we are already past "peak lifestyle" in the west, the fact that most of our consumer goods are made in China using cheap labour, hides this decline well.
The boom-bust cycle will continue on as usual, but with one difference, in future it is likely that the peak of each boom will be lower than the previous boom, previously it used to be higher.
Another thing to consider is that the inflation that used to "hide the debt", is almost non-existent due to the inability to raise interest rates for fear of killing the economy.
$this->bbcode_second_pass_quote('dolanbaker', 'G')lobal collapse is very unlikely, simply down to the fact that far too many powerful individuals have a huge stake in it! That's not to say that from time to time sectors of the economy will "be left out to dry" like The European banking sector a decade ago, or Irish construction industry (which lost something like 80% of its staff).
The real impact is that we are already past "peak lifestyle" in the west, the fact that most of our consumer goods are made in China using cheap labour, hides this decline well.
The boom-bust cycle will continue on as usual, but with one difference, in future it is likely that the peak of each boom will be lower than the previous boom, previously it used to be higher.
Another thing to consider is that the inflation that used to "hide the debt", is almost non-existent due to the inability to raise interest rates for fear of killing the economy.
"The most common lie is the lie that one tells to oneself" -- Friedrich Nietzsche
Vote Republican.
Vote Republican.
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