Money, Energy, and the Future (of Michigan) - Professor Richard Douthwaite - 1 of 6

Professor Richard Douthwaite of The Foundation for the Economics of Sustainability presents the risks and opportunities of the current money and energy situation of Michigan and the world.

Peak oil, climate change, and monetary instability are three massive threats facing Michigan. With Michigan's unemployment rate the highest in the USA at 21.5% (U-6), the motivation and opportunity exists for Michigan to make revolutionary change to address monetary, energy, and climate crises.

Richard Douthwaite presented via live video link to the Conference on Michigan's Future: Energy, Economy, Environment hosted by Local Future nonprofit.

This video is part 1 of 6.

Category:

Education

Tags:

• Richard
• Douthwaite
• local
• future
• energy
• money
• oil
• peak
• depletion
• crisis
• collapse
• Ireland
• Michigan
• economy
• economics
• monetary
• bank
• banking
• sustainability
• unemployment

[Adriaan1950]

Please watch:

youtube.com/watch?v=n_bKjVwS_0­g

[johnTconover]

Yep, its all about net energy gains. If we cannot increase the rate of consumption of finite energy resources to make up for the lack of technology capable of increasing real net energy gains, the system implodes. This is where we are today, its to late to avoid a total economic collapse. Could come tomorrow, or maybe 2-3 years max but either way it is over.

[johnTconover]

Money represents a claim on energy, always has and always will. And a gold standard is only an accounting method, useless today. The less energy an economy consumes, the less energy value each monetary unit represents (purchasing power). The economic model of exponential consumption of finite energy resources is over. That should be obvious. A global emissions trading economy is the only solution, either that or resource wars. Its our choice.

[pgm98387]

Its going to happen sooner than experts are saying. Every time there are troops deployments it takes huge amounts of refined oil.

[pgm98387]

He mentions return on energy investment, that is very crucial.

Now China & India are pushing ICE

vehicles to its consuming population.