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By Mica Molecule
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Peak oil. peak prosperity, peak corruption.....

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All around the world we see stock markets declining; most countries showing 5% to 10% down from the peak reached during the last 8 to 12 months. It means pension and investment funds will be struggling to pay their dividends and it’s a rather gloomy picture. The trend seems to be related to declining global energy production.

The linked article and historical chart of fossil fuel production confirms what was becoming evident a year ago – declining global energy production will soon be unable to meet the world’s growing demand. See SRSrocco Report:

https://srsroccoreport.com/the-foundation-of-the-financial-markets-to-a-big-hit-in-2015/

We now have larger than ever credit and debt creation for enabling oil companies to find and produce fossil fuel and they hope that the next generation will repay the debts. That’s all good and well if economies and tax revenues are growing as a result of debt and credit creation. But when economies and tax revenues are shrinking while debt levels keep growing, and that’s the real situation today, then there’s no hope that the next generation will repay the debts. The credit creating banks don’t care as long as interest on debt is regularly paid. That’s still affordable these days because interest rates are low and cannot be raised when debts are so high. However, if ever more credit and debt creation is required for energy production because easy to find reserves are being depleted, that means credit and debt creation is taking place faster than population growth and that means inflation is taking place more than before. The working class can usually keep up with inflation because they demand and receive higher pay as prices go up. But the world’s retired people don’t receive the same increase in pension payments and are least able to get their voices heard and have any influence on economic affairs. They have little alternative but to suffer economic hardship in silence.  

 

The world’s energy production is crucial to the global economy and we are in the first stage of economic, social, environmental and political crisis, but international news and flow of information is controlled to prevent the public realizing and understanding what’s going on. As energy production slumps the health and life expectancy of retired folks will decline first. There are no plans, nor talks in government circles, nor signs of a possible return to the good old, bad old days, only wishful thinking; and so the crisis will get progressively worse until it’s massive and irreversible. At that stage the citizens of the world will be exposed to the awful reality. Shock, bewilderment and fear will then motivate the public to accept a new global economic, social, financial and political system for managing trade, security, education, health services and environmental protection. Part of the new deal will be a new World Council of Religious leaders authorized on behalf of the new global government to supervise the practice of religion.

 

The Key of Knowledge will enable us to find out where this is all heading, how it was predicted by the prophets and how we should prepare to survive and shrive through coming times of trouble. Go to this page and read more about the Key of Knowledge:  https://mikamolyneaux.wordpress.com/2015/09/08/the-little-book-and-the-key-of-knowledge-revelations-10-and-11/



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Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


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