Amadd wrote on Nov 4
th, 2011 at 6:21am:
What does that mean to us?
Is it a good thing or a bad thing?
In economic terms it means continuing economic growth...or does it?
Do we have the current, or even implied resources to continue such growth?
What happens when you no longer get interest on your money because of limited resources?
We don't have the capacity to grow any further. We can expect a series of impacts as our global ecosystem deteriorates. Our deeply intertwined and complex global financial market which is prone to panic, driven by fear and uncertainty will suddenly wake up to this which will lead to a dramatic drop in share markets and a tightening of capital supply.
Over she goes!
The resulting series of economic and political crisis will be massive in scale and decades long.
We are starting to see signs of this decline right now.
Don't worry, it won't be the end, just a transition to a new economy. There are people that are exploring a range of exciting activities that will prepare us for the transition, but one thing is certain, we have come to the end of exponential growth.
We started the downward spiral in 2008 when Mother Nature and the market said "no more".
Cited in The Great Disruption, Paul Gilding 2011.