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