When — not if — TSHTF
Through April of 2009, the year-over-year decline is holding steady at about 3 percent. While that may seem like good news for the industrial economy, the opposite is true: The longer we hold onto a slow decline, the steeper the subsequent, inevitable cliff, as has been demonstrated in dozens of fields and collections of fields (e.g., nations). The steeper the cliff, the greater the probability of sudden disruptions in the supply of fuel, food, and water in towns and cities. And, too, a 3 percent annual decline puts us at mid-1980s world oil supply by 2015. Looks like it’s Mourning in America all over again.