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America's Greatest Problem; The Misunderstanding of Exponential Growth:

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Message Mike Folkerth

We won’t slowly run out of resources; we will suddenly run out of resources. Technology has allowed us to harvest and consume resources in an exponential manner to keep pace with our exponential growth. Technology may well continue to advance, however, the resources that technology is applied to will continue to decline. You can write that on the wall.

As an example, modern underground coal miners by using the “advancing long wall system” can mine more coal in one shift, than the same number of old time miners could mine in one year! We are apparently in a hurry to reach the end. Once more, pack light, it’s gonna be a short trip.

 

Our system of “compounding debt capitalism” by its very design, insures both constant inflation of the money supply, constant population growth and exponential consumption of finite resources; all of which are mathematically and physically impossible in a finite world. And that is a very bad thing for those whose future is based on “The Biggest Lie Ever Believed,” the lie that “exponential growth is good.”

 

If you find that you’re on the wrong train, get off at the next stop. It makes getting back home a much shorter trip. ─ Mike Folkerth

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Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 
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