Wednesday, October 31, 2012

Super Hurricane Sandy & End of Current Economic Growth Model

On the previous Wednesday(24th) i wrote about the change in weather which most people are still 'asleep' with regard to its seriousness.

Super Hurriance Sandy which hit eastern US is the largest Atlantic hurricane in diameter on record thus is called 'super'. A few papers even dubbed it 'Frankenstorm'.

We are hitting the limits of our current model of economic growth. There are limits to what Mother Nature can sustain.

"We are approaching a cliff & no one is driving, No one is putting on the brakes. In fact we have people in charge still trying to step on the accelerator saying we need more economic growth at any costs. Because that's what it takes to keep the economy going & people with jobs & politicians elected. But how do we get more economic growth? By burning more fossil fuels which just make all the problems worse."-Richard Heinberg speech in 2010

The moment Richard Heinberg says those words in red, i know the best example is S'pore's Pro Alien Party. I have been hammering at the repugnant approach the Pro Alien Party utilizes to grow the economy like cancer. No other nation on this planet import & import & import so many Consumers (again i don't use Citizens) that foreigners make up 40% of the population in this tiny island.

More consumers to eat eat eat, shit shit shit. That's why a few call the S'pore economy an Eat & Shit economy. All these burn up more fossil fuels. As Richard Heinberg said, it just make the problems worse.

Who Killed Economic Growth: 6min 30secs . Watch it 2x.
You can see there's no recovery till now since the dotcom bubble burst in 2000 in the chart in my blogpost: 5 Years On & Still No Recovery in Overall Market

Again in my blogpost yesterday - Gotthard Base Tunnel - Reflects How S'pore Veers Off-course. Switzerland does not resort to massive importation of consumers to eat & shit in order to boost consumption & drive gdp. They don't need more vehicles on the road to suck $$ via parking fees, electronic road pricing, petrol taxes etc.

As the current economic model is unsustainable, the housing bubble in S'pore is similarly unsustainable. It will collapse. Many sinkie's retirement $$ which went into house payments & hoping to sell & downgrade will have devastating losses.

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