Energy

Updated on December 2, 2021 in General Stuff
2 on November 28, 2021

#215. The price of equilibrium

This is really good.

We operate on the assumption that financial systems are an accurate model of reality.

What if that is no longer true?

Tim Morgan makes the observation that the amount of energy needed to provision all the future economic activity already baked into the cake (via debt, pension obligations, etc) simply can not exist.

IE, the financial economy has diverged from the real (energy based and energy constrained) economy in a way, and to an extent, that can never be reconciled.

 
  • Liked by
  • Sidhedude
Reply
0 on November 29, 2021

Thank you for that. While it’s a bit beyond my currently wine-addled state, it seems to reflect and greatly reinforce what I’ve been privy to and saying for a decade or more. If we assume 2007 as the critical error and 2016 as the crucial introduction of the alternate path of thinking, we’re probably 2-3 years away from the collapse of the current cycle. Time to focus on what’s real and not what’s projected to be our salvation. As for me and my house, we’re crunching to eliminate debt and hold hard assets (an F150 that can actually do work in real time, etc.).

Thanks again.

  • Liked by
Reply
Cancel
0 on December 2, 2021

“New Normal.” More when I can properly digest it.

  • Liked by
Reply
Cancel