Reducing Expectations, Dr. Tim Morgan at Surplus Energy Economics presents: The emerging ‘modified consensus’, Inching towards acceptance? As you may know, the interpretation long set out here is that the underlying ‘real’ or physical economy of products and services has deteriorated, via stagnation, into contraction.
The 2008-2009 bailout figure I've seen often on Wall Street on Parade is $29 Trillion, much of it in payments from the Maiden Lane companies to counterparties.
May 9, 2023·edited May 9, 2023Liked by John Day MD
Hi John
Those who are ( still ) out to "promote material expansion". We can simply ask them,
what about the biophysical limits of the earth. How can infinite growth continue on a finite planet?
In this context, to all those technology worshipers and energy experts - They could consult two books which explain why their dream will be dashed or at best stalled along the way.
1. THE LIMITS TO GROWTH Donella Meadows / Dennis Meadows / Jorgen Randers
2. Overshoot (and Collapse) by William Catton.
Not that one is holding these two scientific texts as the bible, however they foresaw the
coming age of polycrisis (energy, climate change, exodus, war, fire, flood etc) as an outcome
of infinite growth and a very short age of exuberance (1950 to 1990)
hostia que loco todo. O sea que esto es lo que esta pasando!!! Que los bancos y las hipotecas y los 0,2% y la reserva federal se deteriora hasta la contraccion y nadie quiere perder dinero. Y yo sin enterarme!!! Muchs gracias por avisarme. espero que salgamos de esta. Hasta la victoria final camaradas. saludos a los niños
The 2008-2009 bailout figure I've seen often on Wall Street on Parade is $29 Trillion, much of it in payments from the Maiden Lane companies to counterparties.
https://www.globalresearch.ca/financial-meltdown-and-the-bailouts-the-role-of-speculative-trade-wall-street-criminality-on-display/5721337
see also
https://www.levyinstitute.org/pubs/wp_698.pdf
It sounds dirty: emerging modified consensus.
Hi John
Those who are ( still ) out to "promote material expansion". We can simply ask them,
what about the biophysical limits of the earth. How can infinite growth continue on a finite planet?
In this context, to all those technology worshipers and energy experts - They could consult two books which explain why their dream will be dashed or at best stalled along the way.
1. THE LIMITS TO GROWTH Donella Meadows / Dennis Meadows / Jorgen Randers
2. Overshoot (and Collapse) by William Catton.
Not that one is holding these two scientific texts as the bible, however they foresaw the
coming age of polycrisis (energy, climate change, exodus, war, fire, flood etc) as an outcome
of infinite growth and a very short age of exuberance (1950 to 1990)
Serious times. There is at least one happy lady with a growing garden!
I’m holding my breath and I secretly take lessons in how to breathe under water, Waterworld II or is it already III coming
hostia que loco todo. O sea que esto es lo que esta pasando!!! Que los bancos y las hipotecas y los 0,2% y la reserva federal se deteriora hasta la contraccion y nadie quiere perder dinero. Y yo sin enterarme!!! Muchs gracias por avisarme. espero que salgamos de esta. Hasta la victoria final camaradas. saludos a los niños