Submitted by Adam Taggart via Peak Prosperity,
In the past few chapters on Energy Economics, Peak Cheap Oil, and the false promise of Shale Oil, we've gone into great detail to show how our economic growth is deeply dependent on our energy systems.
Here’s how it all sums up.
There are some knowns:
We know that energy is required for both growth and complexity. We know that surplus energy is shrinking. We know that the age of cheap oil is over. And we know that because of this oil costs will consume an ever-greater proportion of our total budget.
And with these known facts, come along specific risks.
There is the risk that our exponential money system will cease to operate in a world of declining energy surplus. It is designed for a world without limits – a world of endless growth.
And there is the risk that our society will be forced to become less complex - a loaded statement if ever there was one.
Each one of these known facts adds to each one of the stated risks and that is what The Crash Course is about: assessing those risks and deciding what, if anything, a prudent adult should do about adapting to these realities and facing these risks.
Putting these together, the predictions in video below become so easy to make they don't feel like predictions at all; just inevitable facts.
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The full suite of chapters in this new Crash Course series can be found at www.peakprosperity.com/crashcourse
And for those who have yet to view it, be sure to watch the 'Accelerated' Crash Course -- the under-1-hour condensation of the new 4.5-hour series. It's a great vehicle for introducing new eyes to this material.