MIT researchers predict ‘global economic collapse’ by 2030. Thoughts on this?

[Bern]

This guy is a new world order shit...
Definitely watch, these people are scum.

Not sure how you came to that conclusion from watching the presentation. He's quite the opposite of a NWO acolyte. He's trying to warn people that the exponential economic growth is unsustainable and we are near the breakdown point. He advocates methods for individuals to protect themselves against what's coming. He's not advocating any sort of global political "solution". In short, you totally missed the point.

...
A couple of things about the way he looks at things troubles me.

One is he talks about growth. How much of what he is seeing as growth is an illusion brought about by the counterfeiting of the currency?

He was talking about the rising price of oil. How much of that is an illusion brought about by the counterfeiting of the currency?
...

It's been a few months since I watched the video, but I recall the main point being growth in the demand for energy. That has nothing to do with currency debauchment.

...
The guy is saying the problem we face is going from cheaper sources to more expensive sources. The cost are going to be staggering.

The problem I see us facing is that through the counterfeiting of the money supply. ...

He is talking about EROI - energy return on investment. It costs more energy (not money/currency) to access/develop resources (mine coal, drill less accessible oil caches, etc.) as the sources that were easy to access with little cost are used up. He is talking about diminishing returns.

...
Energy for what? ...

Our whole economy is dependent upon energy to manufacture and transport goods.

...
Hear we go. He is saying use our resources wisely. ...

As I recall, he was trying to show that even *if* resources were used wisely, the event horizon where demand will overwhelm supply is imminent. Unless some Nikola Tesla genius discovers a cheaper energy source very, very soon, the math is not favorable for the status quo - unless, I suppose a world war wipes out a significant portion of the population. That would be one way to dampen demand.

...
No one can factor unknown technology into long range projections when things are changing so rapidly.
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Alternatives will be developed. I reject the study.

You are betting your children's future on an assumption for which there is no supporting evidence. Martenson did talk specifically about this issue.

[Travlyr]

Travlyr,

46:44

I made it about ten seconds.

Oh ya so pissed I had to go back to see why I was so pissed. He says Mexico gets something like 40% of the income from oil and they are collapsing. (Remember. Oil companies are getting in silver what they've been getting in silver for long time. The inflation has sucked the little profit we all got by on down to dust.)

See what I mean. Perfectly sound business models that have stood up to decades and some back to the beginning of time itself can't keep up with he back-door, stealth socialism allowed by the fiat fraud. They have went and done it.



Still must go on a little longer.

Interesting take. I thought he made some good points about conventional wisdom. The next 20 years may not demonstrate exponential growth like the last 20. It will be a changed world. I didn't really get that it was all about the money. Exponential population growth mixed with human desire to acquire wealth does deplete available non-renewable resources on an exponential scale. What we should be doing is finding our senators & representatives, grabbing each one of them by the ear, drag them across the isle and force them to audit the Fed and legalize the most renewable resource and green plant known to man... industrial hemp. It is completely irresponsible to not be making high quality products out of the Earth friendly plant.

Still it was two hours well spent just for the perspective ... even if he is wrong.

[Carson]

Interesting take. I thought he made some good points about conventional wisdom. The next 20 years may not demonstrate exponential growth like the last 20. It will be a changed world. I didn't really get that it was all about the money. Exponential population growth mixed with human desire to acquire wealth does deplete available non-renewable resources on an exponential scale. What we should be doing is finding our senators & representatives, grabbing each one of them by the ear, drag them across the isle and force them to audit the Fed and legalize the most renewable resource and green plant known to man... industrial hemp. It is completely irresponsible to not be making high quality products out of the Earth friendly plant.

Still it was two hours well spent just for the perspective ... even if he is wrong.

Like is said. I was tired. I also have mania about currency fraud. Ever had a horse stand on your foot?

Maybe later I'll take another look. I'm hearing you and the guy in the video about the growth and the limited resources. It could also be that I'm not getting much out of him except I can feel a set-up coming on.

They had the big important goals that worked you over with when they wanted to control the population. Long drawn out explanations of limited water and room on the roads. At the same time they were snuffing out the people that could reason they were opening the floodgates to the worlds population problem. They did it globally. This is sounding a whole lot like another such scheme.

Still need more rest to play more of it...and I just woke up.

Thanks though Travlyr.

[Zippyjuan]

Travlyr,

46:44

I made it about ten seconds.

Oh ya so pissed I had to go back to see why I was so pissed. He says Mexico gets something like 40% of the income from oil and they are collapsing. (Remember. Oil companies are getting in silver what they've been getting in silver for long time. The inflation has sucked the little profit we all got by on down to dust.)

See what I mean. Perfectly sound business models that have stood up to decades and some back to the beginning of time itself can't keep up with he back-door, stealth socialism allowed by the fiat fraud. They have went and done it.



Still must go on a little longer.

True that the Mexican government gets most of its revenues from oil sales. The problem there is that due to growth in domestic demand combined with stagnant growth in production they are expected to lose their status as a net oil exporter- which would lose them a major reveue source. Article from earlier this year:

http://www.reuters.com/article/2012/...8DTCSV20120301

UPDATE 2-Mexico oil output seen stagnant next 14 yrs
Feb 29 (Reuters) -

Mexico's oil production is seen stagnating at around 2.8 million barrels per day (bpd) over the next 14 years unless the state oil company Pemex significantly boosts investment, the energy ministry said in a report on Wednesday.

The world's No. 7 oil producer currently produces 2.55 million bpd of oil, as Pemex has managed to stabilize a dramatic decline in production at its largest aging fields, most notably the giant Cantarell field.

Pemex has struggled to replace lost output with new discoveries and risks becoming a net oil importer within the next decade as energy demand rises.

http://latino.foxnews.com/latino/new...-oil-revenues/

Federal Reserve Official Worried About Mexico's Oil Revenues


Published March 01, 2012

Read more: http://latino.foxnews.com/latino/new...#ixzz1rNtaVsMF

Federal Reserve Bank of Dallas President Richard W. Fisher said he was concerned about Mexico’s falling oil revenues because this trend could affect the government's ability to finance public programs.

Hydrocarbons account for 34 percent of Mexico's public revenues, but petroleum production has fallen 25 percent since peaking in 2004, Fisher said in an address Wednesday to the Mexican Stock Exchange.

Livin’ la Vida Loaded in Mexico City

"The future ability of the Mexican government to finance its needs in an era of declining petroleum production ... concerns me," Fisher said.

Mexico's tax revenues relative to gross domestic product (GDP) rank at "the lowest levels in Latin America, despite the government's best efforts to increase fiscal revenues," the Dallas Fed chief said.

"It is important to find new ways to maintain a balanced national budget as required by Congress, and to be able to do this without choking off economic growth," Fisher said.


Read more: http://latino.foxnews.com/latino/new...#ixzz1rNtOJce4

[Len Larson]

[anaconda]

I predict a global economic collapse by 2013. Let's see who is closer.

I didn't read the whole article, but I think the MIT thing is talking about simple resource depletion. But I wonder if the financial bubble will result in economic break down much sooner than 2013. Perhaps whenever the U.S. dollar collapses? I think Ron Paul said he thinks this could happen at any time. And I believe the consensus is that once the dollar crisis starts it will unwind very rapidly. Like a couple of weeks or thereabouts.