Discussion (Economics lesson) Energy depletion and why the inflation problem is just getting started and is guaranteed to only get immensely worse from here

[Deleted member 31092]

By now, everyone not comatosed has noticed that everything is getting much more expensive. I will explain why this is just the beginning, and why the price increases will only be far more severe and crippling in the future. What is money or fiat currency? Take out some dollars, euros, pesos, rials, rupees, pounds etc from your wallet- a piece of paper with a number and perhaps a picture of a dead guy. Can you eat it? Can you chew on it and gain sustenance? Can you crumple it up and throw it in the gas tank? Of course not. It is nothing more than a symbol- dollars, euros, yuan's, yen etc, symbolize the ability to perform work. What is the actual ability to perform work? Energy. Energy, in the form of animal or manpower, or in the modern world, fossil fuels, particularly oil. Oil is what allows work to be done, with its approximately 25,000 hours worth of human labor in a single barrel. Oil is what allows resources to be extracted, food to be grown, goods to be shipped, people to be moved, items to be manufactured, etc, on a mass scale. Look around you- every item you see was made and transported using oil. Oil isn't just one part of the economy, oil is the economy. The world was able to ostensibly "get away" with its last QE/stimulus binge after the 08 crash due to the American "shale oil revolution" providing 8 million barrels of extra oil per day to the market. That won't be the case this time around. Global conventional oil production peaked in 2005 or 2006, and it is very likely that global general oil production peaked in 2018, and will never again exceed those levels. It is also very likely that the shale oil industry will collapse in the next 3-5 years. Less oil means less goods and services and economic contraction, it's that simple. More fiat currency+less energy/oil to back it up means that each individual unit of fiat currency must lose purchasing power. And what happens when funny money is being created by the trillions of dollars while energy production is falling off a cliff? Venezuela on steroids.

 

[Deleted member 31092]

energy are in other form. solar, wind, nuclear, natural gas, bio fuel not just oil.

All of those are oil derivatives. An abundant oil economy is necessary to make all those work.

the inflation is largely transitory. it will pass.

The inflation is about as transitory as "two weeks to flatten the curve

you have to realize for the past 10 years, US FAILED TO have inflation, it went below the 2% fed goal for fucking 10 years. now it's finally going up

There's been plenty of inflation. Ask anyone paying rent if there's been "no inflation" over the past decade JFL

moderate inflation CAN BE GOOD.

Why is it a good thing for your money to become increasingly worthless?

if the fed goes retard and actually try to curb this inflation, it would bring a recession for no reason at all

Yes, that is true, because inflation is basically the only thing the economy has going for it. But continued inflation will create an even worse crisis later down the line.

 

[based_meme]

Yes, this inflation will be a major contributor to the Great Collapse of the 2030s.

 

[Deleted member 31092]

Yes, this inflation will be a major contributor to the Great Collapse of the 2020s.

FTFY

 

[proudweeb]

energy are in other form. solar, wind, nuclear, natural gas, bio fuel not just oil.

the inflation is largely transitory. it will pass. doesnt mean price gonna drop, as price tend to be sticky but it gonna flatten out.

you have to realize for the past 10 years, US FAILED TO have inflation, it went below the 2% fed goal for fucking 10 years. now it's finally going up

moderate inflation CAN BE GOOD.

if the fed goes retard and actually try to curb this inflation, it would bring a recession for no reason at all

this is what "they" want you to believe

house prices up 25% in a year
stock market up 58% in a year
gas prices up 50% in a year
supply chain disaster ongoing
chip shortage affecting hundreds of industries

but it's just gonna b "transitory" boyos

 

[ControlledInsanity]

You wrote all that but you're not going to mention how governments print money? Cryptocurrency and precious metals are the only real sound money that the people have devised, and we should probably be using those instead.

 

[Deleted member 31092]

You wrote all that but you're not going to mention how governments print money?

Read again. I did, in the last paragraph

Cryptocurrency

Jfl

and precious metals

This one's legit.

 

[based_meme]

FTFY

This decade will ramp up the social and economic problems. Toward the end of the 2020s things will get really, REALLY, REALLY bad. By 2030, many governments are going to take emergency measures, while others will outright collapse from being unable to sustain their dying economies. We might even see countries being absorbed and assimilated. They'll have to give up their sovereignty and join another state or risk outright anarchy. When the West is in disarray China will make its moves against Taiwan and possibly other SEA countries. There might be an AU, and even an NAU in North America that may include Mexico.

 

[Deleted member 31092]

This decade will ramp up the social and economic problems. Toward the end of the 2020s things will get really, REALLY, REALLY bad. By 2030, many governments are going to take emergency measures, while others will outright collapse from being unable to sustain their dying economies. We might even see countries being absorbed and assimilated. They'll have to give up their sovereignty and join another state or risk outright anarchy. When the West is in disarray China will make its moves against Taiwan and possibly other SEA countries. There might be an AU, and even an NAU in North America that may include Mexico.

It's very difficult to predict what will happen. I think that there will be 3-4 billion fewer people in the world by 2050 .

 

[Deleted member 35245]

all those emojis are so tiresome

 

[Deleted member 31092]

man, this is ridiculous. icant take your opnion seriously

like wtf. there're so much food available right now

on a long term scale, global food price gone lower and lower and productivity gone hihger and higher.

Modern agriculture is essentially the process of turning oil/fossil-fuels and their byproducts into food, and food into people. There are 11 calories of fossil fuel energy in every one calorie of food consumed in the world today. That doesn't even include cooking energy. What do you think will happen to food production when energy production falls off a cliff?

you read too much alt right bullshit, man and also leftist bullshit, unironically. coz leftists always talk about muuuuuuuuuh overpopulation, muuh climate change destroying crops. muuh peak oil.

Peak oil is simply the laws of geology and thermodynamics at work, it has nothing to do with any political ideology.

leftists predicted the world would go into mass starvation, back in 1970s. didnt happen. never happpend. all those doom amd gloom shit are so tiresome

The cataclysm was delayed, not averted, and it will be immensely worse when it finally does happen since there are far fewer resources and far more people in the world now than there were back then

 

[RandomGuy]

self driving trucks are already on the road for testing

TuSimple, UPS mapping new self-driving routes in southern U.S. states​

Tusimple Holdings Inc
NASDAQ: TSP

 

[unuser]

Standard gay doomsday preaching

If for decades you predict the apocalypse is happening tomorrow one day you're gonna nail it, amirite

 

[Deleted member 31092]

Standard gay doomsday preaching

If for decades you predict the apocalypse is happening tomorrow one day you're gonna nail it, amirite

Thanks for the hot take, GREYfag

 

[AutisticMonstrosity]

​

​

​

By now, everyone not comatosed has noticed that everything is getting much more expensive. I will explain why this is just the beginning, and why the price increases will only be far more severe and crippling in the future. What is money or fiat currency? Take out some dollars, euros, pesos, rials, rupees, pounds etc from your wallet- a piece of paper with a number and perhaps a picture of a dead guy. Can you eat it? Can you chew on it and gain sustenance? Can you crumple it up and throw it in the gas tank? Of course not. It is nothing more than a symbol- dollars, euros, yuan's, yen etc, symbolize the ability to perform work. What is the actual ability to perform work? Energy. Energy, in the form of animal or manpower, or in the modern world, fossil fuels, particularly oil. Oil is what allows work to be done, with its approximately 25,000 hours worth of human labor in a single barrel. Oil is what allows resources to be extracted, food to be grown, goods to be shipped, people to be moved, items to be manufactured, etc, on a mass scale. Look around you- every item you see was made and transported using oil. Oil isn't just one part of the economy, oil is the economy. The world was able to ostensibly "get away" with its last QE/stimulus binge after the 08 crash due to the American "shale oil revolution" providing 8 million barrels of extra oil per day to the market. That won't be the case this time around. Global conventional oil production peaked in 2005 or 2006, and it is very likely that global general oil production peaked in 2018, and will never again exceed those levels. It is also very likely that the shale oil industry will collapse in the next 3-5 years. Less oil means less goods and services and economic contraction, it's that simple. More fiat currency+less energy/oil to back it up means that each individual unit of fiat currency must lose purchasing power. And what happens when funny money is being created by the trillions of dollars while energy production is falling off a cliff? Venezuela on steroids.

Where is this text taken from?

 

[KetamineAddictYoda]

Explain to me how less oil=economic contraction.

 

[Deleted member 31092]

Where is this text taken from?

I posted this on another forum I frequent and copy and pasted it here.

Explain to me how less oil=economic contraction.

Oil is what allows work to be done, with its approximately 25,000 hours worth of human labor in a single barrel. Oil is what allows resources to be extracted, food to be grown, goods to be shipped, people to be moved, items to be manufactured, etc, on a mass scale. Look around you- every item you see was made and transported using oil. Oil isn't just one part of the economy, oil is the economy.

 

[MarquisDeSade]

​

​

​

By now, everyone not comatosed has noticed that everything is getting much more expensive. I will explain why this is just the beginning, and why the price increases will only be far more severe and crippling in the future. What is money or fiat currency? Take out some dollars, euros, pesos, rials, rupees, pounds etc from your wallet- a piece of paper with a number and perhaps a picture of a dead guy. Can you eat it? Can you chew on it and gain sustenance? Can you crumple it up and throw it in the gas tank? Of course not. It is nothing more than a symbol- dollars, euros, yuan's, yen etc, symbolize the ability to perform work. What is the actual ability to perform work? Energy. Energy, in the form of animal or manpower, or in the modern world, fossil fuels, particularly oil. Oil is what allows work to be done, with its approximately 25,000 hours worth of human labor in a single barrel. Oil is what allows resources to be extracted, food to be grown, goods to be shipped, people to be moved, items to be manufactured, etc, on a mass scale. Look around you- every item you see was made and transported using oil. Oil isn't just one part of the economy, oil is the economy. The world was able to ostensibly "get away" with its last QE/stimulus binge after the 08 crash due to the American "shale oil revolution" providing 8 million barrels of extra oil per day to the market. That won't be the case this time around. Global conventional oil production peaked in 2005 or 2006, and it is very likely that global general oil production peaked in 2018, and will never again exceed those levels. It is also very likely that the shale oil industry will collapse in the next 3-5 years. Less oil means less goods and services and economic contraction, it's that simple. More fiat currency+less energy/oil to back it up means that each individual unit of fiat currency must lose purchasing power. And what happens when funny money is being created by the trillions of dollars while energy production is falling off a cliff? Venezuela on steroids.

They're currently trying to make a new world order in the west in the guise of Covid19 to offset the collapse of the dollar behind the nations of Australia, New Zealand, Canada, United States, and the United Kingdom [Great Economic Reset] to combat against both Russia and China. It of course will fail because there is no way to put Humpty Dumpty back together again. You'll notice I didn't say anything about the E.U. and that's because it is in shambles, more likely it will fall under the influence of both Russia and China going into the next century. Other nations linked into this new world order abysmal failure of the west will be Japan and South Korea. As I said they will try to make a pivot towards this but ultimately it will end in tremendous colossal failure.

 

[KetamineAddictYoda]

Oil is what allows work to be done, with its approximately 25,000 hours worth of human labor in a single barrel. Oil is what allows resources to be extracted, food to be grown, goods to be shipped, people to be moved, items to be manufactured, etc, on a mass scale. Look around you- every item you see was made and transported using oil. Oil isn't just one part of the economy, oil is the economy.

That doesn't help. Alternative power sources are replacing oil so I'm unable to see the problem. Maybe if oil was mysteriously disappearing disappearing en masse or prices were $1,000 a barrel I'd agree, but its not. If you use a petrodollar you're screwed. However, most of the world does not.

 

[MarquisDeSade]

​

​

​

By now, everyone not comatosed has noticed that everything is getting much more expensive. I will explain why this is just the beginning, and why the price increases will only be far more severe and crippling in the future. What is money or fiat currency? Take out some dollars, euros, pesos, rials, rupees, pounds etc from your wallet- a piece of paper with a number and perhaps a picture of a dead guy. Can you eat it? Can you chew on it and gain sustenance? Can you crumple it up and throw it in the gas tank? Of course not. It is nothing more than a symbol- dollars, euros, yuan's, yen etc, symbolize the ability to perform work. What is the actual ability to perform work? Energy. Energy, in the form of animal or manpower, or in the modern world, fossil fuels, particularly oil. Oil is what allows work to be done, with its approximately 25,000 hours worth of human labor in a single barrel. Oil is what allows resources to be extracted, food to be grown, goods to be shipped, people to be moved, items to be manufactured, etc, on a mass scale. Look around you- every item you see was made and transported using oil. Oil isn't just one part of the economy, oil is the economy. The world was able to ostensibly "get away" with its last QE/stimulus binge after the 08 crash due to the American "shale oil revolution" providing 8 million barrels of extra oil per day to the market. That won't be the case this time around. Global conventional oil production peaked in 2005 or 2006, and it is very likely that global general oil production peaked in 2018, and will never again exceed those levels. It is also very likely that the shale oil industry will collapse in the next 3-5 years. Less oil means less goods and services and economic contraction, it's that simple. More fiat currency+less energy/oil to back it up means that each individual unit of fiat currency must lose purchasing power. And what happens when funny money is being created by the trillions of dollars while energy production is falling off a cliff? Venezuela on steroids.

Global peak oil and afterward it is a race to the bottom upon a new world war to control the last bit of dwindling reserves worldwide before technological industrial civilization collapses on itself globally. The nation that controls the last of the oil and petroleum will be the last technological industrial nation or civilization to survive but eventually, succumb to its own internal collapse just like everybody else. The race to the finish line of oblivion.

 

[MarquisDeSade]

energy are in other form. solar, wind, nuclear, natural gas, bio fuel not just oil.

the inflation is largely transitory. it will pass. doesnt mean price gonna drop, as price tend to be sticky but it gonna flatten out.

you have to realize for the past 10 years, US FAILED TO have inflation, it went below the 2% fed goal for fucking 10 years. now it's finally going up

moderate inflation CAN BE GOOD.

if the fed goes retard and actually try to curb this inflation, it would bring a recession for no reason at all

None of those things you mentioned can replace oil other than nuclear power and even with that comes an irradiated planet with spent nuclear fuel rods over time.

All of those are oil derivatives. An abundant oil economy is necessary to make all those work.

The inflation is about as transitory as "two weeks to flatten the curve


There's been plenty of inflation. Ask anyone paying rent if there's been "no inflation" over the past decade JFL

Why is it a good thing for your money to become increasingly worthless?

Yes, that is true, because inflation is basically the only thing the economy has going for it. But continued inflation will create an even worse crisis later down the line.

There's also the dilemma of manufacturing base components for a so-called green economy without oil as well. People don't understand the processes of manufacturing batteries and solar panels, there's a ridiculous amount of energy consumption involved.

Yes, this inflation will be a major contributor to the Great Collapse of the 2030s.

2030s? A whole lot sooner than that, more like 2022-25.

Just imagine thinking the current United States is going to last into the 2030s, JFL.

this is what "they" want you to believe

house prices up 25% in a year
stock market up 58% in a year
gas prices up 50% in a year
supply chain disaster ongoing
chip shortage affecting hundreds of industries

but it's just gonna b "transitory" boyos

Classic market melt-up by any other definition.

 

[Deleted member 31092]

Global peak oil and afterward it is a race to the bottom upon a new world war to control the last bit of dwindling reserves worldwide before technological industrial civilization collapses on itself globally. The nation that controls the last of the oil and petroleum will be the last technological industrial nation or civilization to survive but eventually, succumb to its own internal collapse just like everybody else. The race to the finish line of oblivion.

There's been talk of a "New Great Depression" in some "alt" financial media outlets. A "depression" implies that there can be a recovery. There will be no recovery because what the world is heading for is the collapse of techno-industrial civilization as we know it- a catabolic collapse that will make the Bronze Age Collapse look like a Sunday school picnic.

I don't know what the world will look like in 20-30 years, but there's a very real possibility it could reassemble the movie 'The Road.'

 

[MarquisDeSade]

You wrote all that but you're not going to mention how governments print money? Cryptocurrency and precious metals are the only real sound money that the people have devised, and we should probably be using those instead.

Cryptocurrency is a Ponzi scheme of corporate money laundering at best and a trial balloon for the most coveted idea of a one-world global currency which of course only works if you get all nations to agree with that. [Good luck.]

In my humble opinion, all the people who think they're going to get rich quick off of cryptocurrency are in store for a rude awakening. Tulipmania is what's for breakfast kiddies.

There's been talk of a "New Great Depression" in some "alt" financial media outlets. A "depression" implies that there can be a recovery. There will be no recovery because what the world is heading for is the collapse of techno-industrial civilization as we know it- a catabolic collapse that will make the Bronze Age Collapse look like a Sunday school picnic.

I don't know what the world will look like in 20-30 years, but there's a very real possibility it could reassemble the movie 'The Road.'

Be rest assured that with all the murder, looting, raping, enslaving, and pillaging on the surface of the planet in such a chaotic scenario our upstanding elites bastions of virtue will hide out in their already built underground bunkers, you know, after running human civilization into the ground of ruin under their wise leadership.

 

[Deleted member 31092]

Cryptocurrency is a Ponzi scheme of corporate money laundering at best and a trial balloon for the most coveted idea of a one-world global currency which of course only works if you get all nations to agree with that. [Good luck.]

In my humble opinion, all the people who think they're going to get rich quick off of cryptocurrency are in store for a rude awakening. Tulipmania is what's for breakfast kiddies.

Be rest assured that with all the murder, looting, raping, enslaving, and pillaging on the surface of the planet in such a chaotic scenario our upstanding elites bastions of virtue will hide out in their already built underground bunkers, you know, after running human civilization into the ground of ruin under their wise leadership.

Wealth is no protection from chaos, just ask the headless aristocrats in late 18th century France

 

[MarquisDeSade]

Wealth is no protection from chaos, just ask the headless aristocrats in late 18th century France

Historic record gun and ammo sales in the United States so when the chaos comes the population will have their guns turned on each other, the military being disbanded under Covid19, welcome to the big leagues of societal collapse. Now we await the grand finale of economic internal collapse which will basically push everything in motion. Once it transpires people will forget the collapse of Rome as the collapse of the United States will become the new future historical footnote.

 

[Deleted member 31092]

Historic record gun and ammo sales in the United States so when the chaos comes the population will have their guns turned on each other, the military being disbanded under Covid19, welcome to the big leagues of societal collapse. Now we await the grand finale of economic internal collapse which will basically push everything in motion. Once it transpires people will forget the collapse of Rome as the collapse of the United States will become the new future historical footnote.

There are many factors that can drive a social order, a nation, a civilization, or an empire to collapse- societal deterioration, political strife and dysfunction, social strife and dysfunction, ecological ruin and exhaustion, spiritual and intellectual exhaustion, resource and energy depletion, moral and financial bankruptcy, widespread disillusionment and apathy, widespread corruption and racketeering, etc etc. Any one of these factors could cause a nation to collapse. The USSA faces not one of these ailments, but all of them . The US empire is crumbling and decaying as I write this. Mark my words, the collapse of the American empire will be the biggest event in the history of man since the Great Flood. The world, for better or worse (usually for worse) practically revolves around the USSA and has no 'Plan B' for when that happens. One upside to a collapse on such a scale is that female hypergamy will be practically nonexistent

 

[MarquisDeSade]

There are many factors that can drive a social order, a nation, a civilization, or an empire to collapse- societal deterioration, political strife and dysfunction, social strife and dysfunction, ecological room and exhaustion, spiritual and intellectual exhaustion, resource and energy depletion, moral and financial bankruptcy, widespread disillusionment and apathy, widespread corruption and racketeering, etc etc. Any one of these factors could cause a non to collapse. The USSA faces not one of these ailments, but all of them . The US empire is crumbling and decaying as I write this. Mark my words, the collapse of the American empire will be the biggest event in the history of man since the Great Flood. The world, for better or worse (usually for worse) practically revolves around the USSA and has no 'Plan B' for when that happens. One upside to a collapse on such a scale is that female hypergamy will be practically nonexistent

In the collapse, women will still flock to Chads but the problem, of course, is that involuntary celibate men outnumber Chads 7-3, it's going to be a dark period for our spoiled entitled western feminists, if they only knew the horrors that await the vast majority of them. Well, I don't want to give it away and spoil the fun, but suffice it to say, their days are numbered, and even more amusing is that they don't even know their days is numbered which is fine, because that's what makes it all the more fun in enjoyment. We all must learn to take enjoyment in life's delicious ironies and amusements, I know that I do on a daily basis.

As for the United States, it suffers from all the ailments or illnesses of a nation on the verge of collapse, albeit more defined compared to any other society in past history. Our current ship is rudderless adrift at sea with a hole springing a leak into the galley, and we're floating on by to the eye of a hurricane.

 

[Deleted member 31092]

In the collapse, women will still flock to Chads but the problem, of course, is that involuntary celibate men outnumber Chads 7-3, it's going to be a dark period for our spoiled entitled western feminists, if they only knew the horrors that await the vast majority of them. Well, I don't want to give it away and spoil the fun, but suffice it to say, their days are numbered, and even more amusing is that they don't even know their days is numbered which is fine, because that's what makes it all the more fun in enjoyment. We all must learn to take enjoyment in life's delicious ironies and amusements, I know that I do on a daily basis.

As for the United States, it suffers from all the ailments or illnesses of a nation on the verge of collapse, albeit more defined compared to any other society in past history.

As hyper privileged as the women of today are, under no circumstances would I want to be a female in the next 5-10 years

 

[MarquisDeSade]

As hyper privileged as the women of today are, under no circumstances would I want to be a female in the next 5-10 years

They're going to learn their real worth or value very quickly.

 

[Deleted member 31092]

They're going to learn their real worth or value very quickly.

And they won't like it one bit

 

[MarquisDeSade]

And they won't like it one bit

And none of us will give a shit. What we have here fren is a unique anomaly or aberration for us to observe for the future, what happens when you impoverish and reduce a majority of men to bitter sexless lives shortly before your entire society collapses going tits up completely? As far as past history is concerned this situation is unprecedented or unparalleled. I for one for the sake of intellectual curiosity can't wait to find out especially for a student of human nature such as myself, it should be interesting. It certainly won't be boring.

 

[Deleted member 31092]

And none of us will give a shit. What we have here fren is a unique anomaly or aberration for us to observe for the future, what happens when you impoverish and reduce a majority of men to bitter sexless lives shortly before your entire society collapses going tits up completely? As far as past history is concerned this situation is unprecedented or unparalleled. I for one for the sake of intellectual curiosity can't wait to find out especially for a student of human nature such as myself, it should be interesting. It certainly won't be boring.

I'm not a vengeful man, and I derive no pleasure in the suffering of others, but at the same time, I don't feel bad for them, in the same way I don't feel bad for a guy who walks through a Caracas barrio in a mink coat and enough gold jewelery on to make Mr T look Amish that gets robbed blind, or possibly killed

 

[MarquisDeSade]

I'm not a vengeful man, and I derive no pleasure in the suffering of others, but at the same time, I don't feel bad for them, in the same way I don't feel bad for a guy who walks through a Caracas barrio in a mink coat and enough gold jewelery on to make Mr T look Amish that gets robbed blind, or possibly killed

I believe for every action there is a reaction and finally blowback. Just the natural law of consequences always at work.

 

[Uninvited]

You wrote all that but you're not going to mention how governments print money? Cryptocurrency and precious metals are the only real sound money that the people have devised, and we should probably be using those instead.

Firearms, food and land are the only true things of value

 

[Deleted member 31092]

I believe for every action there is a reaction and finally blowback. Just the natural law of consequences always at work.

I believe that the natural world is a self-correcting or self-regulating system. The larger an aberrancy or "imbalance" grows, the more vicious the natural or cosmic forces will be in bringing it back in line....

 

[MarquisDeSade]

I believe that the natural world is a self-correcting or self-regulating system. The larger an aberrancy or "imbalance" grows, the more vicious the natural or cosmic forces will be in bringing it back in line....

Precisely, agreed.

 

[NobuNagahirohichi]

I think the world will collapse by 2025. We already seen electricity reductions around the world. Food prices are insane, especially vegetables. Shelves are often out if stock. Electricity and gas prices are rising dramatically. In couple of years, the whole world will have the purchasing power if Bangladesh.
I do not even care about women anymore, we will all be dead by 2030