Actually, when discussing the hydrocarbons predicament, it's useful to review all of M. King Hubbert's predictions, including one few have considered: Exponential Growth as a Transient Phenomenon in Human History (https://drive.google.com/file/d/1M4Ereq_ww74YOKSTFd5iHMoBMM1kPdti2BbYS53X-4KpdObUguaaxKQAEJsG/view?pref=2&pli=1). He reviews (in somewhat overly technical language, but whatever) that our money supply is infinite, but that the stuff from the ground or sky that creates the wealth that should underpin our money is quite finite.
Which means, as we approach an era of discernible limitations to energy, our underpinned economies will start to unravel unless they are re-pinned, something that simply doesn't happen quickly, if at all. Most monetary systems are more likely scrapped than revised, something everyone with a dependence on future wealth should consider.
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Date: 1/1/16 00:01 (UTC)Actually, when discussing the hydrocarbons predicament, it's useful to review all of M. King Hubbert's predictions, including one few have considered: Exponential Growth as a Transient Phenomenon in Human History (https://drive.google.com/file/d/1M4Ereq_ww74YOKSTFd5iHMoBMM1kPdti2BbYS53X-4KpdObUguaaxKQAEJsG/view?pref=2&pli=1). He reviews (in somewhat overly technical language, but whatever) that our money supply is infinite, but that the stuff from the ground or sky that creates the wealth that should underpin our money is quite finite.
Which means, as we approach an era of discernible limitations to energy, our underpinned economies will start to unravel unless they are re-pinned, something that simply doesn't happen quickly, if at all. Most monetary systems are more likely scrapped than revised, something everyone with a dependence on future wealth should consider.