Destruction of claims

Tim Morgan -amongst others- has stated that future claims on the economy will not be able to be met due to basically no economic growth. Lack of growth is really because we’re running out of easily recoverable energy.

The EROIE looks to be diminishing  which will spell serious trouble for economies already saddled with serious debt (especially the UK)

Effectively it’s been spelt out that Governments will have to take some pretty extreme measures which could well include expropriation so it might mean wherever you’ve kept your wealth – savings or material assets (houses you’ve bought as an investment) – they are bound to be raided.

So we appear to face a pretty grim future with savings and pensions being destroyed – but has anyone got a more optimistic view – apart from moving to Iceland where they’re blessed with renewables.

 

 

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