How long does this take Arraya? What is the course it takes?
It’s hard to say. It looks as if, from the either incompetence, greed or design, we are going to a financial system induced deflationary period similar to the 30’s.
Interestingly, if this was not happening the effects of oil depletion would be similar to the financial induced depression we are seeing unfold before our eyes. Basically, our economy has been debt based growth for a decades. To put simply: without net energy gain we can no longer grow our economy in the sense that we know and thus that debt can’t be serviced. Literally trillions upon trillions of dollars HAVE to default from the system. I suspect this will play out over the next 6-24 months because once terminal decline starts, it’s over and the globalized system will seize up and collapse if it has not all ready. The economy is dead man walking and most of our leaders know this.
There are solutions. Communities need to come up with plans to deal with this. Every local region has it’s own issues with food, water and infrastructure and it would be advantageous for everyone to know what they are.
