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Peak everything economics, or, what do you call this mess?
JICWyllie
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1
1-24-2008 1:42 PM
192 views
tags:
energy
,
economy
,
i-peak oil
,
i-depression
,
i-consequences
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c0bf50a5-12af-4853-bc76-46d3850e8513/55CA7CC0-4411-4A24-9DDD-D19BA9453B8E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.energybulletin.net/39472.html" href="http://www.energybulletin.net/39472.html" style="font-size: 11px;">www.energybulletin.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.energybulletin.net/39472.html"> As oil becomes more costly, a greater and greater percentage of societal resources will be going to energy and food production, draining other sectors. This is in fact inherently deflationary (even though the price hikes may be interpreted as inflation), because the proportion of societal resources going to support consumption (infrastructure, wages, and credit) will inevitably have to decrease. Jobs in most sectors will vanish.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.energybulletin.net/39472.html"><DIV> In other words, as this mess unfolds we may see extreme symptoms of inflation alongside those of deflation.</DIV> <BR /><DIV> For an economy, this is the worst of all possible worlds. We have never seen anything quite like it. Maybe it's a "Perfect Storm" economy.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.energybulletin.net/39472.html">collapse of the current debt-and-growth based economy may finally force a redesign of the money system and the "science" of economics. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.energybulletin.net/39472.html">it will help if there are good ideas out there being widely discussed and promoted, such as the notions of a steady-state economy or an energy-backed currency.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/55CA7CC0-4411-4A24-9DDD-D19BA9453B8E/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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