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Pretty evident on what is happening in the world right now concerning the need for a government(s) to sustain infinite growth.
Problem is, infinite growth can only work if you have infinite resources, but seeing that almost everything...food, plastics, transportation, money etc, etc is based off oil, which is not renewable and can only be consumed (tin foil hats deployed) then our path down the bell curve of peak oil directly relates to the inevitability of total systematic collapse of the world's economy.
My take on it..."they're" trying to keep it going for as long as possible with these loans, bailouts etc preventing a widespread "run" on the banks and grinding the system to a halt.
I am indifferent to whether this was right or wrong. I do believe if it wasn't done, I'd be growing a garden next year and the camaro would be parked because the gas pumps would be dry.
*removes tin foil cap
What just happened?
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