Things Will Unravel Faster Than You Think
Yes, he's a financial adviser and yes, he's selling his services in part through this pitch, but this article by Chris Martenson on the interplay between Peak Oil, government insolvency, and currency debasement is a clear and concise report on several dangerous facets of the polygonal battlespace.
Read it and pass it on, please.
Tempus fugit.
posted by Concerned American | 3:45 AM
3 Comments:
How "Peak Oil" will occur is a detail that is still argued about.
The global use of oil isn't going to be the problem, there's plenty to go around for a long time.
It's where the oil is located and the delivery thereof that's the looming issue.
You may wish to visit James Howard Kunstler's site and nose around for a while. Kunstler's Eyesore of the Month is also worth a look, a lot of looks actually, he's been doing them for over ten years.
Peak Oil does not mean Peak Energy. The continental US contains 200 years of coal reserves. Coal can be rearranged into the liquid fuels our internal combustion engines use today, at some smallish cost in energy. Peak Oil is a red herring just like the Muslims.
Without peak oil as an issue, it can take 10 years for a currency crisis to develop:
http://gardenserf.wordpress.com/2010/10/08/when-money-dies-the-nightmare-of-deficit-spending-devaluation-and-hyperinflation-in-weimar-germany/
With peak oil thrown in, this could develop faster. Either way, it's hard to see a soft landing at the end...
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