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Unread 04-05-2012, 01:36 AM   #1 (permalink)
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The next Global Great Depression will happen 2030

according to MIT

Next Great Depression? MIT researchers predict

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A new study from researchers at Jay W. Forrester's institute at MIT says that the world could suffer from "global economic collapse" and "precipitous population decline" if people continue to consume the world's resources at the current pace.
Smithsonian Magazine writes that Australian physicist Graham Turner says "the world is on track for disaster" and that current evidence coincides with a famous, and in some quarters, infamous, academic report from 1972 entitled, "The Limits to Growth."
Produced for a group called The Club of Rome, the study's researchers created a computing model to forecast different scenarios based on the current models of population growth and global resource consumption. The study also took into account different levels of agricultural productivity, birth control and environmental protection efforts. Twelve million copies of the report were produced and distributed in 37 different languages.
Most of the computer scenarios found population and economic growth continuing at a steady rate until about 2030. But without "drastic measures for environmental protection," the scenarios predict the likelihood of a population and economic crash.
However, the study said "unlimited economic growth" is still possible if world governments enact policies and invest in green technologies that help limit the expansion of our ecological footprint.
The Smithsonian notes that several experts strongly objected to "The Limit of Growth's" findings, including the late Yale economist Henry Wallich, who for 12 years served as a governor of the Federal Research Board and was its chief international economics expert. At the time, Wallich said attempting to regulate economic growth would be equal to "consigning billions to permanent poverty."
Turner says that perhaps the most startling find from the study is that the results of the computer scenarios were nearly identical to those predicted in similar computer scenarios used as the basis for "The Limits to Growth."
"There is a very clear warning bell being rung here," Turner said. "We are not on a sustainable trajectory.
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Unread 04-05-2012, 01:41 AM   #2 (permalink)
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Re: The next Global Great Depression will happen 2030



Does that make you feel better or something?

Yahoo! is in the ditch, by the way. What's that tell you?
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Unread 04-05-2012, 01:41 AM   #3 (permalink)
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Re: The next Global Great Depression will happen 2030

Gotta get out of this one first.
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Unread 04-05-2012, 01:47 AM   #4 (permalink)
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Re: The next Global Great Depression will happen 2030

Give me a call when our resident economists and social scientists chime in.
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Unread 04-05-2012, 01:48 AM   #5 (permalink)
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Re: The next Global Great Depression will happen 2030

Quote:
Originally Posted by River View Post


Does that make you feel better or something?

Yahoo! is in the ditch, by the way. What's that tell you?
Just thought people might want to get an early job on things.
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Unread 04-05-2012, 01:54 AM   #6 (permalink)
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Re: The next Global Great Depression will happen 2030

who was that guy that said it was going to all fall apart in 2011, he had some kind of commercial on CNN and a youtube video along with his own website.... he said for everyone to invest in gold ect ect... said it would be chaos and riots in the streets....
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Unread 04-05-2012, 01:56 AM   #7 (permalink)
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Re: The next Global Great Depression will happen 2030

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who was that guy that said it was going to all fall apart in 2011, he had some kind of commercial on CNN and a youtube video along with his own website.... he said for everyone to invest in gold ect ect... said it would be chaos and riots in the streets....
Yeah, yeah, that was me... so, um, sorry about that.
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Unread 04-05-2012, 01:59 AM   #8 (permalink)
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Re: The next Global Great Depression will happen 2030

Harold Camping
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Unread 04-05-2012, 02:00 AM   #9 (permalink)
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Re: The next Global Great Depression will happen 2030

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Harold Camping
yeah thats him!

Harold is full of sxhit.
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Unread 04-05-2012, 02:01 AM   #10 (permalink)
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Re: The next Global Great Depression will happen 2030

I'd assumed it was common knowledge that we're on an unsustainable course.

Kind of obvious really.
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Unread 04-05-2012, 02:03 AM   #11 (permalink)
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Re: The next Global Great Depression will happen 2030

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yeah thats him!

Harold is full of sxhit.
Well he was trying to predict the end of the world. Not another Great Depression Bling.
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Unread 04-05-2012, 02:04 AM   #12 (permalink)
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Re: The next Global Great Depression will happen 2030

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Well he was trying to predict the end of the world. Not another Great Depression Bling.
He's still full of sxhit.
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Unread 04-05-2012, 02:06 AM   #13 (permalink)
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Re: The next Global Great Depression will happen 2030

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He's still full of sxhit.
Well you won't get any argument from me on that.
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Unread 04-05-2012, 02:12 AM   #14 (permalink)
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Re: The next Global Great Depression will happen 2030

Who are you trying to kid? At the rate we are adding debt we wont last another 5 yrs.

"We are accumulating debt at a rate of $3.7 billion per day, or $154 million per hour. No politician of either party, other than Ron Paul, has any plan to even moderate the spending, let alone make actual cuts. The CBO projections rolled out by these congressional weasels aren’t worth the paper they are printed on. The National Debt is on track to surpass $20 trillion in 2015 and $25 trillion by 2018. And this is before the Medicare and Social Security costs blast into orbit in 2020. Kicking the can down the road works until math catches up with you. It is insane to believe we can dig ourselves out of this debt induced mess with more debt, but empires tend to act insanely in their death throes."
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Unread 04-05-2012, 02:14 AM   #15 (permalink)
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Re: The next Global Great Depression will happen 2030

Depression isn't that bad. It's the murderous rage that ... oh, wait, forget I said that.
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Unread 04-05-2012, 02:15 AM   #16 (permalink)
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Re: The next Global Great Depression will happen 2030

There have been mass deaths periodically throughout history...where large chunks of the human population have been wiped out from war, disease, famine, etc. Examples would be:

WWI and the Spanish Flue pandemic
WWII
An Lushan Rebellion
Mongol Conquests
Qing dynasty conquest of the Ming Dynasty
The Black Plague
Great Chinese Famine
etc.

I'm talking about mass deaths in the 10's of millions range...entire generations. We haven't had any events like these in a long time. We've eradicated some diseases, developed better treatments, precautions and prevention techniques for others...and avoided world wars since the last one. Although we've still got famines and millions of deaths from them...they aren't on the same scale as what China experienced from 1959-1962.

We're living longer, procreating more and not killing each other at the same rate we used too. If we just look at history over the long term...unfortunately, maybe it's time fo another massive global catastrophe?
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Unread 04-05-2012, 02:21 AM   #17 (permalink)
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Re: The next Global Great Depression will happen 2030

Now they are trying artificially drive up the price of bullets.
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Unread 04-05-2012, 02:23 AM   #18 (permalink)
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Re: The next Global Great Depression will happen 2030

Quote:
Originally Posted by Malikon View Post
I'd assumed it was common knowledge that we're on an unsustainable course.

Kind of obvious really.
No... the USA is the Saudi Arabia of natural gas! Get on board for the natural gas conversion!

All hail the shale! 100 years of freedom

Tar Sands All the way!! It's really bitumen!


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Unread 04-05-2012, 02:23 AM   #19 (permalink)
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Re: The next Global Great Depression will happen 2030

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Originally Posted by KSG_Standard View Post
We're living longer, procreating more and not killing each other at the same rate we used too. If we just look at history over the long term...unfortunately, maybe it's time for another massive global catastrophe?
Especially once you consider the enormous numbers of people -- who in biological terms represent an incubator for microbial evolution -- and the speed of modern travel.
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Unread 04-05-2012, 02:24 AM   #20 (permalink)
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Re: The next Global Great Depression will happen 2030

“The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the land, with severe distress that could involve questions of class, race, nation and empire. The very survival of the nation will feel at stake. Sometime before the year 2025, America will pass through a great gate in history, commensurate with the American Revolution, Civil War, and twin emergencies of the Great Depression and World War II.” – Strauss & Howe - The Fourth Turning
YOU AIN’T SEEN NOTHING YET – PART ONE « The Burning Platform
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Unread 04-05-2012, 02:41 AM   #21 (permalink)
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Re: The next Global Great Depression will happen 2030

Interesting link McL
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