I've seen a lot of documentaries and youtube videos lately about economic collapse in the world. Normally, it would be easy to brush off most of these as conspiracy theorist type propaganda. However, a lot of them seem to based not really on speculation, but fact. There are generally 3 main postulates on why collapse is coming:
1) peak oil - when the maximum amount of oil that can be produced is being produced. this is happening now. Not much more oil can be produced per day than is being produced now. As demand rises in other developing countries and the supply stays constant, the price goes up, clearly.
2) rising debt levels - every country in the world is now wracked in debt, and this can only go up. There is no possible way to pay back the money, because it doesn't exist. Essentially, a government gets a 1000$ loan from its "Federal Reserve" or central bank. The central bank then wants the money back + 0.005% interest, or whatever it may be. But that central bank also prints the money. Thus, they print the 1000$ but the 0.0005% does not exist. Simple concept.
3) water shortages - many areas of the world are short on clean water already, and that is set to increase. A good example is a massive underground water supply in the mid-west of the US. Nothing is replenishing the water supply, but it is being used. It will be sort of a problem when that runs out!
I've argued with a friend of mine about the resource based economy proposed in the movie Zeitgeist: Moving Forward (good watch, by the way). He considers himself a pure capitalist (where you let the banks fail that fail instead of bailing them out). He certainly does not agree with me about what should happen after collapse, but he does agree that there will be one. He also recognizes the threat of peak oil and water shortages. You know it's scary when two people on opposite ends of the spectrum agree on the conclusion.
Good movies to watch (by all means be as skeptical as you want!)
1) prophets of doom
2) zeitgeist: moving forward
I'm interested in peoples comments even if they comment 5 months from now