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Date Posted: 11:52:25 09/17/08 Wed
Author: Neil
Subject: Re: Tuesday & Wednesday madness too?
In reply to: Ari 's message, "Re: Tuesday & Wednesday madness too?" on 11:23:04 09/17/08 Wed

All "wealth" in fiat capitalist economies is created using a mechanism of future expectations. Essentially you are lent money to allow you to develop a scheme that pays back principle+interest and also make it worth your time to do it (and pay any other associated costs).

In the past this has been successful due to ever increasing availability of cheap resources (ESPECIALLY energy). Basically energy use = wealth. I have long term trend (~200 years) graphs somewhere that show a pretty much linear correlation between energy use and global wealth

The future looks VERY DIFFERENT - we have a massive and still growing population, so even if all else were equal, the per capita availability of resources would be declining (we are down to about 1/7th of the level of this time last century on this metric).

As it is we have massive resource depletion (essentially peak-everything) at the same time.

I have no doubt that TPTB will try all they can to keep the shell game going, but (despite what I have seen written by those involved in economics) do not believe there is any way to defeat basic physical limits. One day the general population will realize it too.

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