by DesuMaiden » Tue 06 Jan 2015, 21:49:33
$this->bbcode_second_pass_quote('pstarr', 'W')olf is an interesting site to a point. Mr Wolf doesn't understand oil economics, the supply/demand dynamic and the consequence of ever-more-costly oil production. He seems to assume that prices will continually rise, the competition for remaining oil will be fierce and the final consequence World War Three. But this is wrong.
We are seeing the opposite; ever-more-costly oil production causes debt-contraction, the inability to pay for oil and real demand destruction. From a personal and business perspective this is deflation, depression, personal/business money/product shrinkage. Difficult to conceptualize for those raised their entire lives in inflationary times. Things will get smaller and less competitive, less fierce. No money for bullets. Lots of moping around, waiting on bread lines, killing time. Who wins? Families/gangs with collective power.
He said that there are four stages to collapse.
Awareness---> Transition (Orderly and then Anarchic)----> Savagery----> Self-Sustainability.
We are still in the awareness and early transition phrase.
History repeats itself. Just everytime with different characters and players.