The Mordor Economy | Frankly #23
The Great Simplification with Nate Hagens
00:00
Global Human Economy
The Bank of Japan right now owns over 50% of Japanese government bonds. "Indigenously, it's like an unbelievably dangerous Ponzi scheme scenario from a biophysical perspective," he says. As we go down the resource pyramid and get more environmentally sensitive technology required shale oil, for instance, that contributes to US GDP.
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