CommUnity of Minds— Donald B. Halcom writes: The recent history of the United States of America has indicated a propensity for economic “bubbles”. The “.com” bubble of the 1990’s, the “housing bubble” of the 2000’s and indeed the current National Debt crisis of the USA are all manifestations of bubbles.
The belief in bubbles is inherently tied to a false belief in the infinite. This is a false belief because there is nothing on the earth that is infinite. Infinite growth of money, property values, debt, the stock market or any other earthly resource is physically impossible. We all live on a finite planet with finite resources. There are those who will claim that the National Debt is not a bubble. This is profoundly not true. The payment of the National Debt is based upon the false assumption of continuous and unrelenting growth of the US economy. These false assumptions based upon infinite growth will produce monumental tragedies eventually.
This is being written with the intent of educating as many people as possible about a future that may be absolutely devastating or, if we execute well, a new dawn for mankind.
Short Synopsis of the Intent
1) Fossil fuels are finite resources.
2) Sunshine is a finite resource.
3) Fossil fuels stored the sun’s energy over millions of years.
4) We are about to consume all this energy over about 300 years.
5) Once this stored energy is consumed, the energy party is over.
6) Fossil fuels are also the sources for many chemicals.
7) When fossil fuels are gone, our chemical party is also over.
8) The infrastructure of the world will change post fossil fuels.
9) A new infrastructure must replace the old before the old dies.
10) Failure to do so will produce devastation.
The history of the world has always been about the exploitation of resources in one form or another. Before the year 1800, these exploitation’s were mainly about agricultural resources. Agriculture requires arable land and a consistent supply of water. Wild trees and grasses are also agricultural resources. Countless wars were fought over these resources. Resource wars over minerals such as precious metals and iron were also important. About the only exceptions to these resource wars were religious wars.
Using the year 1800 as a reference, mankind’s resources began to change. The exploitation of coal began and this initiated the Industrial Revolution. The invention of the steam engine led to larger scales of farming and locomotives plus much more. Mankind cannot exploit what he does not know exists.
Somewhere around 1860 the exploitation of oil began. Fossil fuel exploitation, including natural gas, really began to grow. Internal combustion engines were invented, without which the airplane would not exist. People like Thomas Edison, Nikola Tesla and James Clerk Maxwell came along. These people, among others, led to the exploitation of hydroelectric power as well as fossil fuel fired electrical plants. About the year 1900 the exploitations of fossil fuels were in full bloom.
Fossil fuels lay in the ground for at least a million years before mankind discovered them. Before DNA created plant life on the earth there was no oxygen in the atmosphere. There were no life forms that used oxygen to live. There was no coal, oil or methane. The plant life took light from the sun, carbon dioxide and nitrogen from the atmosphere and water from rain to form hydrocarbons. The growth and death cycles of these plants repeated over millions of years and their residues were covered by dirt. Eventually the residues were under enough pressure to form coal, oil and methane down in the bowels of the earth. (10/30/11)