Many thanks Kane, a well-argued discourse. But I believe that fake money is not the driver now although it has enabled the expansion of our economies for 200 years because the massive (almost free) energy reserves from oil have allowed the global population to explode from 1Bn in 1900 to 8Bn.

It's energy, or rather EROEI, that drives economies and we have come to the end of a glorious age for the collective west anyway, IMHO. Here's why: https://austrianpeter.substack.com/p/the-financial-jigsaw-part-2-the-end?s=w

Whatever comes next, we will have fewer 'stuff' and less obscene excess - "Less is More". Here's my personal paradigm of the future: https://austrianpeter.substack.com/p/the-financial-jigsaw-part-2-localisation?s=w

And how I will be actioning it in South Africa: https://austrianpeter.substack.com/p/progressing-plan-b-a-quarterly-review?s=w



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