In this week's Off the Cuff podcast, Chris and Charles discuss:
- Limits To Growth
- Our current system is acting as if they don't exist
- Financial Chicanery
- All the smoke & mirrors can't hide the fact it's a zero sum game
- False Stability
- The current calm will end when the central banks fail
- Energy, Energy, Energy
- In the end, ownership/access to energy is all that matters
In this excellent and far-reaching discussion, Chris and Charles ponder one of the great mysteries of today's financial system: it's priced for perfection. As if economic and earnings growth are going to grow, and only grow, forever.
While there are a preponderance of data points that show that the health of the US and global economy is *not* well, and that growth is indeed challenged or absent (see today's announcement of 0% Q2 GDP growth in the Eurozone) across much of the landscape, it's the net energy available to power that counted-upon economic growth that is the most important component.
As as talked about so often on this site, if you trust in math, there's a lot to be worried about. At current demand/supply trajectories, as well as the cost trends for obtaining the fuels we depend on, global net BTUs/capita are heading in the wrong direction the optimists are so desperately counting on.
Why is so much of the world behaving as if limits to growth don't exist? The longer these risks
by cmartenson 
