Executive Summary
- How our driven pursuit of “growth” is putting the entire system at risk
- Why those running the system do NOT have our interests in mind
- Why a correction risk is so high right now
- Why our odds keep getting worse
If you have not yet read Part 1: The Federal Reserve Is Directly Monetizing US Debt , available free to all readers, please click here to read it first.
At the highest elevation, here’s the big picture story I tell: Endless exponential growth on a finite planet is not possible.
It’s mathematically impossible, and easily understood by most people who are not traditional economists or otherwise saddled by ego or conflict of interest.
Perpetual growth is also a very bad idea, given that after a certain point growth becomes self-destructive. Again, this is not a terribly difficult concept to grasp, but it is absolutely outside of the ‘common narrative’.
If a single cell in your body accidentally doubles itself but then stops, it’s no big deal. But if a growing mass of cells in your body continues to double and then double again in an uncontrolled fashion, we call it cancer. And it will eventually kill you.
So growth simply for the sake of growth is no longer a workable plan. That much is abundantly clear in the ecological data.
But it’s the one and only plan of every central bank, every government, and every corporation at present. So there’s a huge amount of embedded inertia organized around keeping growth going, at all costs.
Which is too bad because the longer we wait to confront the very simple and obvious predicaments and problems associated with growing past the carrying capacity the worse the “solutions” will be. That last word is in quote marks because there are no solutions for predicaments, only outcomes to be managed.
What’s the “solution” for overpopulation? Or running out of food? Or a live bomb that’s speeding towards its target below?
Wait long enough and the only remaining solution is collapse, with all of its attendant misery and death and suffering.
So our view at Peak Prosperity, quite shockingly to the people at the BBC and other such centrist news outlets, has been “so let’s not do that then.”
I mean, if we can avoid sleepwalking our way into a dystopian future, well, why not give that a shot?