The Guardian: Limits to Growth Was Right

[Well-Prepared Witch]

It's more than a little doomsday-ish, but very interesting to see this in a major, mainstream news outlet.

Limits to Growth was right. New research shows we're nearing collapse
http://www.theguardian.com/commentisfree/2014/sep/02/limits-to-growth-was-right-new-research-shows-were-nearing-collapse?CMP=fb_gu

[JohnyMac]

Interesting read Wellie.

With $17T+ in debt here in the USofA or about 75% of GDP; worse in the EU, I suspect that we will see a global depression like the world has never seen.

As long as we and other countries accept the fiat money the the Fed is printing at face value, nothing will happen. But once that does happen, we will see hell on earth.

  ALERT:
If we combine depression, influenza and local terrorism in a global crock pot, our world will be altered for ever. 

[JohnyMac]

Here is an interesting article I got off the Survival blog this morning.
 
http://usawatchdog.com/economy-in-severe-trouble-john-williams/

In short the economist predicts that the financial SHTF will happen by year end.

> 2014 GDP will be sub 1%,
> Banks will start to fail,
> The Fed will continue to print money to try and keep banks afloat, hence ...
> Inflation will start to rise and be hitting hyperinflation rates by year end 2015,
> Etcetera, etcetera, etcetera.

We have been reading about these things since 2011. I do think this will happen but I can not predict when. Every day the crash doesn't happen I consider it a gift from God and one more day to prepare and learn.

Keep doing what you are doing and work on your prioritized list (s). REMEMBER Freedom Through Self-Reliance

[DMCakhunter]

JM,

Here is a link to the World Bank listing countries GDP.
In 2013, the US was at $16,800,000,000,000, or just below our level of debt.
http://data.worldbank.org/indicator/NY.GDP.MKTP.CD

[JohnyMac]

Thanks, DMCakhunter!

There you go, debt has now exceeded GDP. OUCH! What will happen?

> Interest rates on loans will go up
> The USofA will have to give a better rate of return on Treasury notes to borrow more money to
    run the government
> Because interest rates will go up to borrow money and pay on further debt we will start to see inflation
    on things that .gov watches to gauge inflation. We are Al Ready seeing double digit inflation on food
> Banks will fail. 

[Kbop]

> Interest rates on loans will go up
> The USofA will have to give a better rate of return on Treasury notes to borrow more money to
    run the government

with QE quantitative Easing still going on, the Treasury and the FED are a perpetual motion machine.  the FED buys the debt and the Treasury prints it into money.  no external input needed - at least for awhile.