{"id":34820,"date":"2018-06-06T13:21:52","date_gmt":"2018-06-06T18:21:52","guid":{"rendered":"http:\/\/olduvai.ca\/?p=34820"},"modified":"2018-06-06T13:21:52","modified_gmt":"2018-06-06T18:21:52","slug":"the-three-crises-that-will-synchronize-a-global-meltdown-by-2025","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=34820","title":{"rendered":"The Three Crises That Will Synchronize a Global Meltdown by 2025"},"content":{"rendered":"

The Three Crises That Will Synchronize a Global Meltdown by 2025<\/a><\/h3>\n

We’re going to get a synchronized global dynamic, but it won’t be “growth” and stability, it will be DeGrowth and instability. <\/i><\/p>\n

To understand the synchronized global meltdown that is on tap for the 2021-2025 period, we must first stipulate the relationship of “money” to energy:<\/b>“money” is nothing more than a claim on future energy.<\/i> If there’s no energy available to fuel the global economy, “money” will have little value.<\/p>\n

The conventional economists assure us that energy is now a small part of the overall economy, so fluctuations in energy prices will have a limited effect on global prosperity. But what’s left of global prosperity when energy is unable to meet current demand at any price that consumers can afford?<\/p>\n

The current “economic understanding” of energy and “money” is an artifact of a unique period of cheap, abundant fossil fuels.<\/b> It is an article of faith in economics that energy will always become cheaper and more abundant as the pixie-dust of technology is irreversible. By the time fossil fuels become scarce many decades hence, we’ll all have cold-fusion generators, or micro-nuclear power plants or nearly free electricity from solar panels, and so on.<\/p>\n

This is of course complete rubbish.<\/b> To scale up any energy source to replace fossil fuels will require decades and tens of trillions of dollars in capital investment. In other words, energy development is a financial dynamic.<\/i> Technology is only the first small piece of a much larger puzzle.<\/p>\n

This becomes clear when we ponder the unwelcome reality that the fracking miracle<\/i> has resulted in $250 billion in losses.<\/b> You mean all those companies lost money exploiting the miracle technologies of fracking?<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

The Three Crises That Will Synchronize a Global Meltdown by 2025 We’re going to get a synchronized global dynamic, but it won’t be “growth” and stability, it will be DeGrowth and instability. To understand the synchronized global meltdown that is on tap for the 2021-2025 period, we must first stipulate the relationship of “money” to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[19884,127,180,203,20378,428,587],"class_list":["post-34820","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-19884","tag-charles-hugh-smith","tag-crises","tag-degrowth","tag-global-meltdown","tag-instability","tag-of-two-minds"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34820"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34820\/revisions"}],"predecessor-version":[{"id":34821,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34820\/revisions\/34821"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}