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Page added on March 6, 2014

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A Century of Challenges Peak Oil & Economic Crisis

Nicole M. Foss is co-editor of The Automatic Earth, where she writes under the name Stoneleigh.

Nicole Foss – How I Prepared My Home for Peak Oil and Economic Uncertainty videos..

2 Comments on "A Century of Challenges Peak Oil & Economic Crisis"

  1. Davy, Hermann, MO on Thu, 6th Mar 2014 12:43 pm 

    M. Foss is covering a topic I talk about here over and over. She made the statement that if you care about the long term issues you have to look at the short term issues. Finance is a short term human phenomenon in relation to the longer term issues of geology (energy/depletion), climate (instability), biology (overshoot of carrying capacity), and pollution. She is discussing what I have been speaking about over and over here and that is the decline down the energy gradient popping the human finance bubble. This decline or contraction means less with less for society which will pop a financial bubble every time. She speaks about the largest bubble in human history and that is our fossil fuel induced economic and social growth. Bubbles have their own dynamics and finance becomes a driver in an inflating bubble in human affairs. Finance allows a pseudo-wealth creation based on future returns. An excess supply of energy can allow a bubble to be created which we see with the long term growth of the human carrying capacity which is in over shoot. It is finance that allows a short term bubble. Finance bubbles have occurred with short term regularity within the long term energy bubble we are in over the last 200 years. The current bubble is the largest ever created and I fear will bring an end to our financial system. If you look at the wealth that the finance system indicates is there you plainly see unreality. It is not possible for that much wealth to be present in our finite world. Since our ultimate local support system relies on the global support system. This global support system relies on the all-important complex global economy which further relies on the global finance system for lubrication. The current global finance system is currently a Ponzi scheme of debt. This is true because the wealth that is being indicated by this finance system is not real it is solely based on an unreal future at this point. There is no way it can be real. It is based upon future earnings and resources that a “lobby of plenty” and “lobby of human exceptionalism” claims is there. It is claiming useable future energy supplies that are not there. It is forecasting growth which will not be there. When we realize that all finance is at its core is confidence which allows the liquidity in the engine of human affairs we see “THIS” is the ultimate danger for our contraction or collapse. We see that we are in the final arch of the cycle in finance with the current excessive money creation. This is the final peak in the bubble creation. It cannot last because confidence will not last. I get back to this quote I have used before here (bellow). It is the all-important confidence variable that causes a ponzi scheme to shatter. The consequences of avoiding reality are close. They are corruption, manipulation, mal investments, distorted leading economic indicators, and a disregard for the rule of law. We are there folks!

    You can avoid reality, but you cannot avoid the consequences of avoiding reality.

  2. Northwest Resident on Thu, 6th Mar 2014 3:22 pm 

    “It cannot last because confidence will not last.”

    All the propaganda we see pumping out of places like Bloomberg, Forbes, Motley Fool and numerous other “news” sources is meant to keep that confidence balloon inflated, to numb the not-so-sharp minds into a state of tranquil trust in the future despite all conflicting facts, and most of all, to keep the investment money flowing into oil production projects. It is nothing but a short-term plan, one that buys time — but time for what? Time to prepare, folks, that’s all. There is a long list of natural and/or man-made events any one of which could prove to be the final dagger in the heart of the over-inflated confidence balloon. When that confidence balloon pops, watch out — herd mentality will kick in, panic will spread like wildfire, global finance will collapse on itself and all of this will happen at the speed of light once the fuse is lit. From my point of view, it could happen at any time.

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