Für Morpheus und alle: "Warum unser System nicht funktionieren kann."

el_mar , Samstag, 24.12.2016, 11:16 (vor 2890 Tagen) @ Morpheus
bearbeitet von unbekannt, Sonntag, 25.12.2016, 19:58

Ohne wachsenden Energie- und Rohstoffinput keine weitere Aufschuldung, kein Erhalt der Infrastruktur - GO!

Interessanter Kommentar heute bei "our finite world":

Norman Pagett says: End of more
December 23, 2016 at 11:52 am
if you buy a house, you are buying a block of embodied energy that various people have assembled on your behalf into a usable, livable commodity.

if you take out a mortgage on that house, you have a debt, of —say– 25 years.

what that actaully means is, that for the next 25 years you have got to acquire sufficient SURPLUS money to pay off that debt (surplus to all your other needs etc.)

But money is only a token of energy, so effectively you have got to acquire sufficient surplus energy in excess of the energy already embodied in the house that you are paying for.
If granny left you sufficient cash —then you are spending her “surplus” energy tokens instead.
This is why our infrastructure depends on “forward debt” —in every aspect of our lives, we have to find “more” in order to sustain ourselves. It is supposed to be infinite. If it isn’t infinite, our system must collapse. “The End of More” you see, which is what i keeping banging on about.
Inescapable no matter what we do.

If in the course of that 25 year span you acquire “less” than your debt—- then your mortgage will be foreclosed and you would be homeless. If you enter into a state of denial, then eventually you will be physically thrown out onto the street. Brutal—but there it is.

This formula applies to nation states as well as you and me.
National energy resources must exceed “financial commitments”—but we can be pretty sure that our prime energy resource, oil, will be gone in 20 years, probably less. If nations borrow money from better off neighbours, that is on a promise that they too will in the coming years, acquire sufficient money/energy to repay the debt, with interest.
So nations have to constantly find ‘surplus” in order to pay their debts, just like the mortgagee—-but of course oil is going to run out, and you can’t build solid infrastructure—roads, bridges, railways– with the output of solar farms and wind turbines.

If nations borrow money without means to repay, then their citizens are living a fantasy world—hence riots in Athens.

“capital resources”–(hydrocarbons and minerals etc) are not extracted with money, they are extracted with more hydrocarbons.
Once our hydrocarbons run out, money becomes worthless—just bits of coloured paper and plastic.
But nations are in denial (politicians have no choice in that).

This why Greece and Italy are collapsing right now. Their banks do not have sufficient prime energy to back up their currency and demanded lifestyle. Those countries are just the first dominoes to go down."

Gail Tverberg says:
December 23, 2016 at 3:58 pm
"You are right. As long as cheap fossil fuels are available, it is actually possible to use them in ways so that it is possible to repay debt with interest. We actually lost the battle in the 1970s however, when oil prices exceeded $20 per barrel in today’s prices. We have been using more debt to hide the problem for a long time. Also globalization, and a shift to using coal, ignoring pollution, and using workers who earn less."

Saludos

el mar

--
Sorry, der Lebensstil den Sie geordert haben, ist ausverkauft!