tag:blogger.com,1999:blog-14237465.post9154974890260791979..comments2024-03-22T19:12:22.089+11:00Comments on One Salient Oversight: OSO's Debt Watch - September 2010Neil Cameron (One Salient Oversight)http://www.blogger.com/profile/03143948543305522865noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-14237465.post-45837011193780579752010-09-13T17:57:05.949+10:002010-09-13T17:57:05.949+10:00Serious people are now talking about the end of Am...Serious people are now talking about the end of America!<br /><br /><a href="http://www.abc.net.au/rn/bigideas/stories/2010/2988904.htm" rel="nofollow">Download Empires on the Edge of Chaos</a>. Well worth it.<br /><br /><i>The Centre for Independent Studies 2010 John Bonython Lecture with Niall Ferguson.<br /><br />Is the rise and fall of empires cyclical or arrhythmic? How does economic profligacy - whether the result of arrogance or naivety - contribute to the downfall of civilisations?<br /><br />Today Professor Ferguson will argue that great powers or empires are in the strict sense of the word, complex systems. Made up of very large numbers of interacting components that are quite asymmetrically organised. In other words, he continues, their construction more resembles a termite hill than an Egyptian pyramid. They operate somewhere between order and disorder. Moreover imperial falls are nearly always associated with fiscal crises, when there are dramatic imbalances between revenues and expenditures.<br /><br />Thus alarm bells should be ringing in Washington DC but what does that for mean for Australia?</i><br /><br />A contact at church told me he had lunch with his brother-in-law recently, a guy who happens to be the CEO of Barclay's bank.<br /><br />The bankers get together and have business lunches and dinners. They talk about the end of America... the end of it resembling anything we've known in the last 60 years. They think by 2040 or 2050 it will look like something from one of the former Soviet Block 'new Europe' countries aspiring to join the EU... bankrupt, high unemployment, defunct, nearly irrelevant to world financial concerns.<br /><br />And that's just finances. The <a href="http://tinyurl.com/yypqzc4" rel="nofollow">Joint Forces command</a> have just issued a report that world oil production could be down 10mbd by 2015! That's down 1/8th in 5 years!<br /><br />America is the most oil vulnerable country in the world. It's not looking good for them, not good at all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14237465.post-23267699999651610852010-09-13T17:54:24.131+10:002010-09-13T17:54:24.131+10:00This comment has been removed by the author.Anonymousnoreply@blogger.com