The Great Contraction: Global Economy 2012-2020 (PART II)

Economy | Information | History | Online | Facts | World | Global | Money

1. where is part III?
2. Glad you get it many people get misled. But let me add peak oil is far from being the end of the world! It just means we'll have to adapt our way of live whether we like it or not. There are just HUGE reserves of unconventional oil, but unconventional oil reserves have much slower production rates, that will not (may not) make up for the decline of conventional oil , also they have much lower net energy output. This plus oil exports going down to meet national demand is sure to cause trouble.
3. @GeoffreyRahl Oh I understand the concept of peak oil introduced by Hubert but the peak oil people only talk about conventonal production. The oil sands, deep sea and shale oil with the advent of horizontal drilling and fracking world oil supplies are just fine. I used to the think the world was going to end but guess what it didn't and it's not going to.
4. @69iron69 It seems yo fail to understand a fundamental principle about peak oil, its not about reserves of oil, there's plenty of oil left! It's about falling rates of production. Imagine you inherit 1 Bn dollars but that that the will says each day you will be allowed to spend less and less money, you may be a billionaire but you won't live like one!
5. peak oil is fake but maybe the rest of your video might be correct.
6. We are living a lie. The Economy did not just become this way. Our government does not want us to thrive. Because if the money flows, Population grows, if the population grows at a faster rate, there are limited resources!, Only the rich are thriveing, Why do you think there is banks, medical, Auto, Insurances, and even our own justice system mooching off our earnings, in a clever way. The cost of living has definitly gone out of control, Do they give a shit, no. It was designed this way.
7. @BadAssBen78 Thanks! I think we agree the whole world's going down the tubes, I'd say because people have flat earth political theoconomic fixed convertible currency gold standard thinking and don't understand modern money, sovereign money, fiat money, the UK and the US aren't Greece, Eire or Espana as we are currency maker/issuers not makers, but for false fear of that, we'll end up like Japan as Warren Mosler puts it.
8. @WillOrng China's economic growth this year will be over 9% and the economy is the second biggest in the world now, head of the State Administration of Foreign Exchange Yi Gang said Friday. "In fact, China is now the world's second largest economy , The Whole World if fucked if you as me , but you cant argue with the facts... I enjoyed readiny your post's. 
9. @BadAssBen78 China's one child policy has lead them to a demographic cliff far steeper than most other places. They're pouring fire on their inflation problem by raising interest rates and slamming the brakes on lending and the combination of steeply rising labour costs and disruption/unhappiness are eroding their cost advantage...simples!
10. What caused the crisis was real wages stopped going up in line with labour productivity, financial de-regulation filled the spending gap with a borrowing binge but private debt is limited, once people start paying off the debt consumption falls as does taxes, income, jobs, while unemployment spending rises along with public deficits. Look at When will the workers wake up? on bilbo.economicoutlook spot net/blog/ for more detail.
11. @SinhCung like voting foe McCain would have been soooooooooooooo much beter!!!!!!!!
12. if you voted for "hope and change" , i hope you are happy
13. Excellent video. Please keep them coming!!!
14. Well that did it for me , China go bust ? please, that’s never going to happen . The Chinese economy is solid , what is he talking about? 
15. The elephant in the room that no one wants to talk about re. growing unemployment is technology. It gets cheaper and does more every year, affecting larger and larger groups of workers. Without the internet, for example, how many 100,000's would still be employed in retail stores, as opposed to the 10,000's needed in internet companies, heavy with technology! I could go on.
16. @blevr1234 Who Cares, let's abolish political parties.