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It is interesting, at best, aggravating mostly, that folks are still adamant that we can apply the heuristics of the past to conditions in the present. Evidence
by ambientenv 4y ago
It is interesting, at best, aggravating mostly, that folks are still adamant that we can apply the heuristics of the past to conditions in the present. Evidence suggests we cannot. Governments, government bodies and other vested interests around the globe are covertly managing (taking liberties with the "numbers"?) the downward spiral in order to maintain some semblance of control and not have everything derail too quickly or catastrophically [1]. This includes but not limited to all the movement on digital currencies and ID's, and the dreams of the WEF and associated minions. The climate crisis and the emerging reality that we can no longer live on a finite planet with goals of infinite growth [2] will force discontinuities and catastrophes that are hard to fully imagine, never mind prepare for. There is solid evidence that fossil fuel availability - the cheap to extract kind - is in steady decline now [3], so excitement over falling pump prices is misplaced. The economy is energy and energy is the economy and all of the impacts of our economic and cultural decline have yet to reveal and play themselves out.
[1] In economics there is a proposition known as Dornbusch’s Law that states: Crises take longer to arrive than you can imagine, but when they do come, they happen faster than you can possibly imagine.
[2] https://www.resilience.org/stories/2022-08-08/the-renewed-clamour-for-growth-ignorance-stupidity-or-immorality/ https://www.resilience.org/stories/2022-08-08/the-renewed-cl...
[3] https://www.resilience.org/stories/2022-08-03/the-status-of-global-oil-production-part-1/ https://www.resilience.org/stories/2022-08-03/the-status-of-...
- rossdavidh 4y agoWhile I don't doubt that governments like to bias the numbers, if they are doing it this year to convince us we have no inflation issue, they are doing it very poorly.
- Invictus0 4y agoSir this is a monthly inflation report