The Great Contraction: Global Economy 2012-2020 (PART II)
Saturday, June 9th, 2012 at
5:01 am
RECORDED SEPT 2010, THE EARLY STAGES OF THIS REPORT HAVE COME TRUE, PARTICULARLY ABOUT EUROPE. JOIN US ON FACEBOOK: www.facebook.com JOIN US ON TWITTER: twitter.com
Tags: depression, double dip, david cameron, fiat, 2020, currency war, 2013, deflation, 2012, recession, devaluation, 2050, inflation, 2030, obama, 2011, ron paul, environment, economy, gold
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Glad you get it many people get misled. But let me add peak oil is far from being the end of the world! It just means we'll have to adapt our way of live whether we like it or not. There are just HUGE reserves of unconventional oil, but unconventional oil reserves have much slower production rates, that will not (may not) make up for the decline of conventional oil , also they have much lower net energy output. This plus oil exports going down to? meet national demand is sure to cause trouble.
Oh I understand the concept of peak oil introduced by Hubert but the peak oil people only talk about conventonal production. The oil sands, deep sea and shale? oil with the advent of horizontal drilling and fracking world oil supplies are just fine. I used to the think the world was going to end but guess what it didn't and it's not going to.
It seems yo fail to understand a fundamental principle about peak oil, its not about reserves of oil, there's plenty of oil left! It's about falling rates of production.
Imagine you inherit 1 Bn dollars but that that the will says? each day you will be allowed to spend less and less money, you may be a billionaire but you won't live like one!
peak oil is fake but? maybe the rest of your video might be correct.
ppl need to understand thT ANY ECONOMY cant only grow to a point then it stagnates and only central banks injection of capital can make slow runs up and thern well have big fall? downs, everybody knew this and as resources start to dissipate into trash in this consumer spending economy everything will get worse and worse
Thanks! I think we agree the whole world's going down the tubes, I'd say because people have flat earth political theoconomic fixed convertible currency gold standard thinking and don't understand modern money, sovereign money, fiat money, the UK and the US aren't Greece, Eire or Espana as we are currency maker/issuers not makers, but for false fear of that, we'll end up like? Japan as Warren Mosler puts it.
China's one child policy has lead them to a demographic cliff far steeper than most other places. They're pouring fire on their inflation problem by raising interest rates and slamming the brakes on lending and the combination of? steeply rising labour costs and disruption/unhappiness are eroding their cost advantage...simples!
What caused the crisis was real wages stopped going up in line with labour productivity, financial de-regulation filled the spending gap with a borrowing binge but private debt is limited, once people start paying off the debt consumption falls as does taxes, income, jobs,? while unemployment spending rises along with public deficits. Look at When will the workers wake up? on bilbo.economicoutlook spot net/blog/ for more detail.
like voting? foe McCain would have been soooooooooooooo much beter!!!!!!!!
if you voted for "hope and change" , i hope you are? happy
yes i agree that in this year the economy could be on the edge of destruction this could mean money means nothing because money? is worthless its a piece of paper thathave a value due to the rules of royal banking this means the rise of the value of gold could and has now gone up by 15% this is very bad for us ps i am a 16yearold researcher if you agree with my coment plzsubscribe for more infomation on the world today
Please do some research before you just sound silly...Under George W Bush, the deficit went from $5.7 trillion in 2001 to $10.7 tilllion in 2008... Under your savior Barrack Obama, and a democratically controlled congress since 2006, the debt has gone? from $10.7 trillion in 2008 to $14.2 trillion in February 2011(2 years)....And with Barracks social programs, they will only continue to skyrocket...
Excellent? video. Please keep them coming!!!
Well that did it for me , China go? bust ? please, that's never going to happen . The Chinese economy is solid , what is he talking about?
Very nice? presentation. Thank you.
RONALDINHO GAUCHO E NEYMAR? WWWORLDCUP2014 BRAZIL ORKUT
The elephant in the room that no one wants to talk about re. growing unemployment is technology. It gets cheaper and does more every year, affecting larger and larger groups of workers. Without the internet, for example, how many 100,000's would still be? employed in retail stores, as opposed to the 10,000's needed in internet companies, heavy with technology! I could go on.
Who Cares, let's abolish? political parties.
Dont trust the FOS, they are opinion makers and are living on another world.
If you are in debt, go bankrupt. These debt companies? are like vultures, if your partner is pregnant leave the country, because there is a very good chance she will not have the baby due to treats,excessive phone? calls and harrassment. A corrupt system, banks lie, codes and acts are breached, FSA just watch and dont do anything. A failed system and banks? are fully protected.
Ex IFA, Director 20 yrs service FSA
Well we'll? se what happens
Don't? let the American Republicans have the power back .. they have created the majority of the Debt - Reagan and the two Bush's on Wars/industrial complex ...
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11 + T$ - 1/2 T$ of yearly interest alone !