There are very many reasons the economy won't just be fixed. Not by any soft means anyways. Some ways to fix it would be to dissolve the fed, to massively default loans, or to just take a new currency. And even then, there are no good times ahead. Peak oil is here, and from now oil will only become more scarce. Expect the standard of living to go down everywhere if we don't adapt to new sources of energy quickly.
There are very many reasons the economy won't just be fixed. Not by any soft means anyways. Some ways to fix it would be to dissolve the fed, to massively default loans, or to just take a new currency. And even then, there are no good times ahead. Peak oil is here, and from now oil will only become more scarce. Expect the standard of living to go down everywhere if we don't adapt to new sources of energy quickly.
My reasoning comes from here:
http://www.chrismartenson.com/crashcourse
Paranoid are we? Wasn't "Peak Oil" supposed have happened last year? Wasn't cheap oil supposed to be over last year?
There are very many reasons the economy won't just be fixed. Not by any soft means anyways. Some ways to fix it would be to dissolve the fed, to massively default loans, or to just take a new currency. And even then, there are no good times ahead. Peak oil is here, and from now oil will only become more scarce. Expect the standard of living to go down everywhere if we don't adapt to new sources of energy quickly.
My reasoning comes from here:
http://www.chrismartenson.com/crashcourse
MoonMarvel
Paranoid are we? Wasn't "Peak Oil" supposed have happened last year? Wasn't cheap oil supposed to be over last year?I don't know when we'll feel it exactly. Point is, if you look at the data of how many new oil supplies are found every year, it's a simple bell curve that had the top in 1969. There's rarely new oil being found. It's simple logics that very soon we'll have to start consuming less oil, because you can drill only so much. Also, the "with new technology we'll find new oil" isn't really an argument, because it would cost too much energy to harvest it.
The oil price and availability are too much influenced by every day events to really be a science, and of course the price will go up and down depending on how economy goes.
Edit: Why am I even explaining this? Chapter 17a in the link is an 8 minute synopsis of why we are probably at peak oil, and how this isn't about some exact moment of peak oil, and how it's a scientific fact.
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