Maxed Out - Living in Crisis on the Edge of Peak Oil
The documentary film "Maxed Out" explores the crisis of people living deeply in debt
In recent years, corporations have extended credit to practically everyone, in their search for shareholder profits. Credit is given out for homes, cars, trips, credit cards, payday loans, and more. Many individuals find themselves permanently in debt, or unable to make payments, needing to file for bankrupcy. Some people who have a spending habit end up so stressed out, upset, and afraid that the will do anything to get out of debt, including killing themselves.
Peak Oil will strike these people with a vengance. Having money, or having credit, is having the ability to cause energy to be used. For example, ask me to jump on one foot for a minute, and I'll say "no thanks". Tell me that you'll pay me a dollar to do it, and I probably will. I will expend the energy because the money.
Want an apple? Money will cause energy to be used, but into the past. It was indeed the promise, the expectation of money, that caused the apple grower, the distributor, the grocery store all to bring the apple from tree to shelf. You complete the promise when you pay. You caused energy to be used, into the past. The purchase also signals the future that more money that more energy should be extended, to bring more apples to the store.
If peak oil comes as a financial collapse, many of those in debt will be left virtually pennyless. Will the banks collapse first? Or the job market? Or the housing market? Or will hyperinflation push interest rates through the roof? The risk is enormous, and the deeper in debt a person is, the worse off they will probably be.
In the biggest picture, it the film points out that this is the beginning of the end. Alan Greenspan himself indicates that the larger the debt, both federal and consumer, the more difficult to get out. In truth, the collapse of the economy will most likely coincide with some change in the size of the money supply due to consumer or federal credit. I don't know how it will happen, but as we pass the peak oil point, less and less energy will be available, with more and more money and credit chasing it. Bad things are on the horizon.
In his standard talk regarding peak oil and the government, Michael Ruppert, a very energetic and outspoken individual, had one command, "Get Out Of Debt". The film "Maxed Out" demonstrates that this message needs to make it to the public, and that this is some of the best advice anyone could ever receive.
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Michael Ruppert video talks on peak oil, the government, and debt
In recent years, corporations have extended credit to practically everyone, in their search for shareholder profits. Credit is given out for homes, cars, trips, credit cards, payday loans, and more. Many individuals find themselves permanently in debt, or unable to make payments, needing to file for bankrupcy. Some people who have a spending habit end up so stressed out, upset, and afraid that the will do anything to get out of debt, including killing themselves.
Peak Oil will strike these people with a vengance. Having money, or having credit, is having the ability to cause energy to be used. For example, ask me to jump on one foot for a minute, and I'll say "no thanks". Tell me that you'll pay me a dollar to do it, and I probably will. I will expend the energy because the money.
Want an apple? Money will cause energy to be used, but into the past. It was indeed the promise, the expectation of money, that caused the apple grower, the distributor, the grocery store all to bring the apple from tree to shelf. You complete the promise when you pay. You caused energy to be used, into the past. The purchase also signals the future that more money that more energy should be extended, to bring more apples to the store.
If peak oil comes as a financial collapse, many of those in debt will be left virtually pennyless. Will the banks collapse first? Or the job market? Or the housing market? Or will hyperinflation push interest rates through the roof? The risk is enormous, and the deeper in debt a person is, the worse off they will probably be.
In the biggest picture, it the film points out that this is the beginning of the end. Alan Greenspan himself indicates that the larger the debt, both federal and consumer, the more difficult to get out. In truth, the collapse of the economy will most likely coincide with some change in the size of the money supply due to consumer or federal credit. I don't know how it will happen, but as we pass the peak oil point, less and less energy will be available, with more and more money and credit chasing it. Bad things are on the horizon.
In his standard talk regarding peak oil and the government, Michael Ruppert, a very energetic and outspoken individual, had one command, "Get Out Of Debt". The film "Maxed Out" demonstrates that this message needs to make it to the public, and that this is some of the best advice anyone could ever receive.
...
Michael Ruppert video talks on peak oil, the government, and debt