Revolving Debt Cheap Energy Economy on Its Knees

The infrastructure of highways and the car-dependent lifestyle it supported will run into trouble as the revolving debt and cheap energy economy continues to collapse. … Here in the USA , we will mount the most strenuous campaign to keep the motoring system going — in fact, we’re already doing it — but it will fail just as surely as two (so far) of the “big three” automakers have failed. It will fail because car-making is only one facet of a larger network of systems …

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Revolving Debt Cheap Energy Economy on Its Knees

Peak Oil and the Global Economy

Some two-thirds of the U.S. economy is based on consumerism, which is declining rapidly due to increasing unemployment. Declining personal income means a shrinking tax base and a need to raise state, local, and federal …

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Peak Oil and the Global Economy