"We must remember, debts are nothing more than “Energy IOU’s.” To pay back a debt, energy has to be burned so the market can generate goods and services. Thus, this allows for growth to continue which provides a surplus of wealth enabling the repayment of debts. The problem the world is facing, is not the huge amount of derivatives or debts, but the availability and affordability of its future energy supply. Actually, the world has not been able to afford the energy that it has been consuming for quite some time now. Basically, the world (especially the U.S.) cannot not afford its way of life, so it has created a system of debts and derivatives to cover up and mask the problems ... Very few realize that their retirement accounts are in fact future liabilities rather than present marketable assets. This is the typical example of a Ponzi scheme. Why? Because there isn’t the available physical assets to satisfy these retirement accounts — only a fraction. Again, retirement accounts are also “Energy IOU’s” ... Just like the U.S. Retirement Market, the dollar is backed by a huge amount of future liabilities ($16.7 trillion and growing), which are again… Energy IOU’s. There is no way these debts will ever be repaid, because there will not be the available energy supply in the future to do so ... Even though the United States is bragging about its new Shale Oil Bonanza, this will turn out to be a mere blip in the whole scheme of things. World conventional oil production already peaked and the only thing saving the day is… shale oil. While shale oil has helped to bridge the gap from the loss of conventional oil supplies, it is doing so on the heels of very high annual decline rates — averaging 40% per year ... Furthermore, Saudi Arabia has increased its domestic consumption 370% in 30 years ... Saudi Arabia produced 10.3 mbd of oil in 1980 while consuming 600,000 barrels a day — showing net exports of 9.7 mbd. However, in 2011 Saudi Arabia increased their oil consumption to 2.8 mbd while producing 11.1 mbd. Even though the Saudi’s have increased their oil production in 2011, their net oil exports actually declined to only 8.3 mbd – this trend will only get worse ... At some point in time (near future), the Saudi’s will peak in oil production while their domestic consumption steadily increases — a double-edged sword. The decline of net oil exports is a phenomenon that is occurring in most of the oil exporting countries in the world ... I have stated this before, and will state it again, Energy=Money. Energy drives the world, and money is supposed to be the accountants. The present Fiat Monetary System no longer works as it is saddled with $trillions worth of energy IOU’s… liabilities we cannot afford."

Zum Artikel von 'SRSrocco', erschienen auf Silver Doctors (17. Mai 2013) »