All I hear from the media is bankers this and bankers that like they're the main cause of the current economic slump. While they haven't helped they're more another symptom. The driving reason is the price of energy, specifically oil.

The global financial systems are built on the paradigm of infinate growth, rather like a pyramid scheme. This was fine throughout most of the 20th century but today it's no longer possible. This is because world oil production has peaked and is now in permanent decline. At this time decline is slow, but in around a decade it'll be in freefall as we descend down the back end of the bell curve. Infinite growth requires cheap energy, and that party is over.

The only thing that's temporarily allieviated oil prices is the present global economic slump. That's why no long term recovery is possible, as soon as economic activity grows beyond a certain point oil prices will spike again. We're entering a rollercoaster with a trend of ever worsening slumps.

Now for the really bad part, without oil and natural gas (used to make fertiliser) for agriculture this planet can't feed more than a around a billion people, probably much less. And yet world population continues to grow unchecked.

The media are keeping quiet so we don't realise the desperation of our situation. Perhaps they're hoping for some 'magic wand' type technological solution, but we can't break the laws of thermodynamics. We're talking about trying to replace the energy laid down over hundreds of millions of year in the next decade or two. It ain't possible.

It's about time our leaders and media had the moral fortitude and courage to actually tell people what's going on so we can start dealing with it NOW. The SOPA bill makes me suspect that isn't going to happen, the only rational reason for this bill is to suppress news.

If you want to do your own research google Michael Ruppert. I've been looking at his data for three months now. I wish I thought he was wrong, but his data adds up and he correctly predicted the 2008 crash and it's consequences.