- our incomes are not rising…
- which prevents us from increasing our already high debt…
- which prevents us from affording higher oil prices…
- which prevents an increase in oil production…
- which prevents an increase in productivity…
- which prevents an increase in wealth creation…
- which prevents our incomes from rising (see above)…
- which prevents the money supply from increasing…
- which threatens our ability to pay interest on existing debts…
- which threatens the value of debts…
- which threatens a deflationary collapse…
- which threatens social unrest…
- which threatens politician’s jobs…
- which guarantees money printing will continue until it can’t…
- which erodes the value of our retirement savings…
- and someday (probably after a crash) will cause fierce inflation…
- which will make food and other necessities very expensive…
- which will create social unrest…
- which will threaten politician’s jobs…
- which will encourage despots…
- and thanks to geology…
- it will cost more next year to produce the same quantity of oil…
- and the year after…
- and so on until it costs 1 barrel of oil to produce 1 barrel of oil…
- and then we will use 100% renewable energy…
- just like the Romans…
- except we have to feed 7 billion instead of 100 million…
- and producing food will be a challenge…
- with most of the good soil, fish, and forests gone…
- and an unstable climate…
- and rising sea levels…
- and scarce fertilizer…
- and wars between tribes over remaining resources.
