Thursday, February 2, 2017

Unsafe at any price. Falling net energy and global debt guarantee collapse on current course

How global economic growth will drown in Trump’s oil glut after 2018 – INSURGE intelligence – Medium: "This has led to a number of devastating consequences. To maintain economic growth, we are using ingenious debt mechanisms to finance new economic activity. The expansion of global debt is now higher than 2007 pre-crash levels. We are escalating the risk of another financial crisis in coming years, because the tepid growth we’ve managed to squeeze out of the economy so far is based on borrowing from an energetically and environmentally unsustainable future.
And this is also why there has been an unmistakeable correlation between long-term global net energy decline, and a long-term decline in the rate of global economic growth."

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