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Next Great Depression? MIT researchers predict ‘global economic collapse’ by 2030. Why is it alway just a few years? It maybe the funds are running out?


http://www.smithsonianmag.com/science-n ... rowth.html" onclick="window.open(this.href);return false;

Next Great Depression? MIT researchers predict ‘global economic collapse’ by 2030

"Recent research supports the conclusions of a controversial environmental study released 40 years ago: The world is on track for disaster. So says Australian physicist Graham Turner, who revisited perhaps the most groundbreaking academic work of the 1970s,The Limits to Growth.

Written by MIT researchers for an international think tank, the Club of Rome, the study used computers to model several possible future scenarios. The business-as-usual scenario estimated that if human beings continued to consume more than nature was capable of providing, global economic collapse and precipitous population decline could occur by 2030.

However, the study also noted that unlimited economic growth was possible, if governments forged policies and invested in technologies to regulate the expansion of humanity’s ecological footprint. Prominent economists disagreed with the report’s methodology and conclusions. Yale’s Henry Wallich opposed active intervention, declaring that limiting economic growth too soon would be “consigning billions to permanent poverty.”

Turner compared real-world data from 1970 to 2000 with the business-as-usual scenario. He found the predictions nearly matched the facts. “There is a very clear warning bell being rung here,” he says. “We are not on a sustainable trajectory.”..."

Dooms Day is coming.

Beiruty wrote:Dooms Day is coming.

Better start stocking up on freeze dried foods - 25 yr shelf life.

old farmer wrote:
Recent research supports the conclusions of a controversial environmental study released 40 years ago: The world is on track for disaster. So says Australian physicist Graham Turner, who revisited perhaps the most groundbreaking academic work of the 1970s,The Limits to Growth.

Written by MIT researchers for an international think tank, the Club of Rome, the study used computers to model several possible future scenarios. The business-as-usual scenario estimated that if human beings continued to consume more than nature was capable of providing, global economic collapse and precipitous population decline could occur by 2030.

However, the study also noted that unlimited economic growth was possible, if governments forged policies and invested in technologies to regulate the expansion of humanity’s ecological footprint. Prominent economists disagreed with the report’s methodology and conclusions. Yale’s Henry Wallich opposed active intervention, declaring that limiting economic growth too soon would be “consigning billions to permanent poverty.”

Turner compared real-world data from 1970 to 2000 with the business-as-usual scenario. He found the predictions nearly matched the facts. “There is a very clear warning bell being rung here,” he says. “We are not on a sustainable trajectory.”

I bolded the parts that make me think this isn't an actual economic concern, but another greenie way of saying that capitalism is evil and must be destroyed.

But it is not tomorrow. The graft indicates world is not destroyed. The world will change with time.

old farmer wrote:“We are not on a sustainable trajectory.”

That's been intuitively obvious to the casual observer for quite a while.

FWIW, I agree with 74novaman's assessment as well.

74novaman wrote:

old farmer wrote:
Recent research supports the conclusions of a controversial environmental study released 40 years ago: The world is on track for disaster. So says Australian physicist Graham Turner, who revisited perhaps the most groundbreaking academic work of the 1970s,The Limits to Growth.

Written by MIT researchers for an international think tank, the Club of Rome, the study used computers to model several possible future scenarios. The business-as-usual scenario estimated that if human beings continued to consume more than nature was capable of providing, global economic collapse and precipitous population decline could occur by 2030.

However, the study also noted that unlimited economic growth was possible, if governments forged policies and invested in technologies to regulate the expansion of humanity’s ecological footprint. Prominent economists disagreed with the report’s methodology and conclusions. Yale’s Henry Wallich opposed active intervention, declaring that limiting economic growth too soon would be “consigning billions to permanent poverty.”

Turner compared real-world data from 1970 to 2000 with the business-as-usual scenario. He found the predictions nearly matched the facts. “There is a very clear warning bell being rung here,” he says. “We are not on a sustainable trajectory.”

I bolded the parts that make me think this isn't an actual economic concern, but another greenie way of saying that capitalism is evil and must be destroyed.

Another Al Gore scaring those that have no desire to think for themselves............nothing more to see here......keep moving......

I'll be long gone by then......whoo! Live while you can!

2030?
Its much closer then that... once the US bails out the rest of Europe secretly, inflation will skyrocket, it is around 12% now. This will drive up the cost of everything and food will become hard to find.
If you dont stop the FED this will happen, a Vote for Ron Paul is a vote for America and the cause of liberty!

Are you Prepped?

We've already tried one fool in the White House.....we don't need/want another one!

GeekDad wrote:2030?
Its much closer then that... once the US bails out the rest of Europe secretly, inflation will skyrocket, it is around 12% now. This will drive up the cost of everything and food will become hard to find.
If you dont stop the FED this will happen, a Vote for Ron Paul is a vote for America and the cause of liberty!

Are you Prepped?

Current inflation rate is 2.9 percent, exceedingly low by historical standards. The 12% number is fairy tale material.

http://www.usinflationcalculator.com/in ... ion-rates/" onclick="window.open(this.href);return false;

matriculated wrote:
Current inflation rate is 2.9 percent, exceedingly low by historical standards. The 12% number is fairy tale material.

http://www.usinflationcalculator.com/in ... ion-rates/" onclick="window.open(this.href);return false;

Yea?
See how that works out for you at the grocery store or the gas station........

AEA wrote:

matriculated wrote:
Current inflation rate is 2.9 percent, exceedingly low by historical standards. The 12% number is fairy tale material.

http://www.usinflationcalculator.com/in ... ion-rates/" onclick="window.open(this.href);return false;

Yea?
See how that works out for you at the grocery store or the gas station........

Inflation is measured using the core CPI (consumer price index), which strips out volatile prices such as energy and food. I'm aware of the gas pump pain. Had to endure some of it this morning.

If even an ounce of this is truth environmentalist should be jumping for joy all they have to do is wait out the next twenty years and they will have what they want

Propaganda from Christmas Card Salesmen to increase sales due to no Mayan's buying cards this year because of 12/21/12.
That indicates the world will be here in 2030, so stock up on cards now ..... edible ones if yo can find them

matriculated wrote:

GeekDad wrote:2030?
Its much closer then that... once the US bails out the rest of Europe secretly, inflation will skyrocket, it is around 12% now. This will drive up the cost of everything and food will become hard to find.
If you dont stop the FED this will happen, a Vote for Ron Paul is a vote for America and the cause of liberty!

Are you Prepped?

Current inflation rate is 2.9 percent, exceedingly low by historical standards. The 12% number is fairy tale material.

http://www.usinflationcalculator.com/in ... ion-rates/" onclick="window.open(this.href);return false;

Do you honestly believe everything you read?

The proof on inflation is at the gas pump and at the grocery checkout lines.

Anygunanywhere