
poaec.blogspot.com
Peak Oil and Economic ContractionPeak Oil and Economic Contraction. Peak Oil and Economic Contraction. Wednesday, December 17, 2014. The receding tide of oil price foreshadows the incoming DEFLATION TSUNAMI. Contrary to the main stream message that all is well with our new oil supply glut, the falling price of oil exposes the current fragility of the global economy. Nothing grows indefinitely in a finite system, not even debt! Almost all (90%) of ‘money’ in existence today is debt (credit) [i]. It is one massive pyramid scheme. World co...
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