Irredeemble Debt

Economic Ebola

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Aired on the Doomstead Diner on November 25, 2014

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…For a while longer, a few lucky graduates in a few fields may still glom onto this ever spiraling downward system, but the percentages get smaller all the time. Globally, the energy economy has reached criticality, and its not the Supply end that controls what will be accessed, but the demand end. Demand is being destroyed as an ever greater percentage of the global population is impoverished and simply cannot afford to buy and burn the energy. Demand Destruction outpaces any Quantitative Easing, and all the monetary game does is shift around the pain from one country to another for a while, but everyone is on the downhill slide and nothing will change that. The world has contracted Economic Ebola, and this is a terminal disease for Industrial Civilization…

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