Infinite Money Finite World comes to a head

What is it all about?

I agree with a lot of what he says, but he contradicts himself in a few places. For instance he says we should be thinking about the collapse of the Roman Empire in one place and then another he says that when things return to normal the "elite" will open up new discoveries of oil in North America.

Sorry, but it will be like the fall of the Roman Empire and that implies a very long dark ages afterwards. This system is all interconnected and reliant on exponentially increasing levels of debt. Theoretically, the expansion of debt ends when interest on the debt cannot be paid with new debt issuance. I suppose that is a function of time, say the time involved in issuing new debt from a sovereign, the auction and the deposit of newly issued sovereign debt into banks.

But the wheels will come off the bus before then, the immediate impact will be to the existing bills of credit system that forms world trade (think food and energy). Supply and distribution lines will be cut, then the length of survival equates to how much food is on the shelf.

Not a pretty picture.

Great Video. I've heard this guy somewhere else. Can't remember what he was commentating.

Any possible outcome scenarios have one thing in common they all come down to atrocity!