Huff

Something to chew on via Gregor MacDonald

To paraphrase someone’s tweet yesterday: peak oil is more concerned with the size of the spigot (demand) than with the supply of the resource.  Our society is heavily reliant on oil. What happens when you hook in Brazil, India and China to the equation?  I really like the “overhead crush” theory that Gregor has proposed.

“It’s very nice to know however stupid and incompetent I am, it’s not going to make a difference.”

“The financial system nearly collapsed,” he said, “because smart guys had started working on Wall Street.”

The historical debt data is freely available, but this provides some good context to what is happening now and the relative debt levels across different sectors.

“everything must change so that everything can stay the same.”