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Welcome to Speaking Truth To Power—A websiite owned and managed by Carolyn Baker. It is dedicated to up-to-the moment reporting of unprecedented transitions in economics, energy, and the environment, as well as options for navigating those changes. It is intended to be a venue of support and connection for awake individuals who want not only to be informed, but to organize their lives and communities in ways that most effectively assist them in navigating what current events are manifesting.
Carolyn’s Mission: “The Chinese proverb and curse says, ‘May you live in interesting times’.” In the first decade of the twenty-first century, we live in profound uncertainty, faced with issues unprecedented in the history of the human race. Truth To Power seeks to provide readers with a ‘fixed point in a changing universe’ that both informs and supports humanity’s efforts to remake the world—both our personal worlds and our planet. My intention is to offer a beacon of light in the smothering darkness with which we seem to be engulfed, making available information and specific ideas and strategies which we all might utilize as we experience the life/death/rebirth process inherent in the inner and outer realms of our current reality.”
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| THE COLLAPSE OF FRACTIONAL BANKING, By Mark Berger |
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| Monday, 29 June 2009 | |
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Reprinted from WALL ST. SURVIVOR MARK BERGER is a Truth to Power subscriber.
In my last article, I explained how our banking system is like a giant ponzi scheme. In this article, I will detail why this system is collapsing now. Energy: The Master Resource Of all the Earth’s resources, energy is the master resource. Without energy, there is no economy and thus its production is measured and studied unlike any other. Whether the price of oil will go up or go down in the short-term is a worthy question for traders to ponder. However, regardless of price, one fact is indisputable: for the economy to grow, there must be an increase in energy consumption. One cannot exist without the other. Look at the last 50 years and you will see a tight correlation between energy consumption and economic growth. When economies grow, they consume more energy and when economies contract during a recession, the consumption of energy also shrinks. Therefore, without an increasing energy supply, there cannot be an expanding economy. This is just common sense when you think about it.
To read the rest of this article, CLICK HERE |
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| Last Updated ( Saturday, 25 July 2009 ) |
What I am trying to get across is that this news about Peak oil and the destruction of the fractional banking system isn’t all doom and gloom! There are many benefits to Peak oil including opportunities to profit, if you just know where to look!
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