THE UNATTENDED CRISIS OF 2010

[thekauritree]

Keep up the good work guys. Time to another surely.

Cheers

[wwwBeeHappyus]

the causes were/are many..as usual the hairless monkeys lust for bigger and better sticks with which to beat their challangers, is unsatiable. cheap energy dependancy, greed in the financial markets on unparralled scales, unlimited credit to all who breathed or at least had a pulse, stagnated growth of old world market leaders and on and on. times will change..they always do..and the cycle will repeat in another form yet again,but the monkeys are relentless and self extinction is assured..

[DeathNeedsTime]

I agree with the views expressed. Who is this you are interviewing?

[dave777blaster]

Though I like the forecast I am afraid this is the big one.

Do not know about New Zealand

But most places will be reduced to anarchy

We can already see the signs of this happening.

I would get a piece of land to grow your own

To make matters even worse, Something is happening to the climate and it is not global warming rubbish.

It's changing too fast for global warming to account for it.

Great discussion

David

[bryanpepperell]

Nice to hear from you David.

Cheers

Bryan

[MrTadblack]

@dave777blaster You underrate what climate chage is capable of.

[dave777blaster]

@MrTadblack the argument is not what it can do rather it is what is causing it

[zthustra]

Of course the financial failure is inevitable. It is a simple math problem as a result of lending money into existence as priciple but not lending the interest into existence.

The debt-based money system only works with growth economy and growth can only happen with all that cheap oil and by consuming everything in sight.

Debt-money is a paper problem but there is only one cure for population overshoot and it's ugly.

[johnTconover]

@qwizzer78. True, Credit (money) is created from debt which must be repayed with interest. The collateral for this debt is future surplus energy both human (eg. food) and mechanised (eg. oil). When surplus energy is no longer available to fuel economic growth and thus the credit expansion required to service the existing debt, the (pyramid ponzi) system fails. This global system came close to implosion in 2008 and is now on life support. The next decade will be very interesting to say the least.

[boundtogetdown]

three things:

exponential growth

peak oil

first law of thermodynamics

here it comes

[thekauritree]

Another five stars Guys!

Cheers

[ShaneChiswick]

I enjoyed that

[DeathNeedsTime]

Me too. I couldn't quite make out the interviewee's name though.

[bryanpepperell]

My friend is Nick Joliffe of Brooklyn, Wellington.

[Bl0odguard]

Any economic theory which disagrees with mathematical fact will fail.  What your seeing now is keynesian economics meeting the exponential function.

Example: China's economy is growing at 10% per year. (100 ln2)/10 gives a doubling time of 7 years. So does anyone believe that the world has enough resources for China to double its GDP in the next 7 years?

Our financial institutions are gambling on China doing just that.

[randallsellis]

Yet another fine video from New Zealand. Best.