Steve Keen: “Mythonomics”
The Great Simplification with Nate Hagens
00:00
Oil Depletion - The Next Financial Crisis
We will continue to grow our economy as long as we issue credit in sufficient amounts that we grow our energy. But at some point this decade, in my opinion, either the financial markets themselves will say, no mas, and we won't be able to grow credit. We're running out of a easily available energy. The cost of getting energy out of the ground is rising in energy terns. And because we're runing out of both, we cret ta crunch point where suddenly that ist is not available any more. That's number one. It will be what causes the next financial crisis. Ye, every time his negative credit, we have at down to nd so wit
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