The Collapse of Fractional Banking | Wall Street Survivor University - 1 views
education.wallstreetsurvivor.com/apse-Fractional-Banking-System
peak oil economy finanskrise tb politics
shared by sylvester roepstorff on 03 Nov 11
- No Cached
-
The U.S. government has confirmed that indeed a recession began in December 2007, when the price of oil climbed to nearly $100 a barrel.
-
And this is what governments are seeing, banks are seeing, what markets are seeing, but no one is talking about it because it portends changes that are greater than anyone can seriously contemplate.
-
Critics of the concept of peak oil claim that it is crazy to suggest we’re running out of oil – and they’re right! These critics fail to understand the predicament of Peak Oil which is that the rate of growth in the daily/monthly/yearly production of oil is slowing and after the peak, will fall into permanent decline.
- ...3 more annotations...
-
Indeed, it is our collective addiction to growth that is the cause of this peak oil predicament. Our entire way of life is focused on growth: growing a family, growing a city, growing a business and growing our economy. All of this growth was needed to perpetuate the fractional reserve banking system, which is now on life support, about to die.