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The work of the systems-ecologist Howard Odum presages the vicious circle principle (VCP) presented in Too Smart for Our Own Good(2009).[*]As presented in Too Smart, the VCP is as follows:
Humankind’s development consists in an accelerating movement from situations of scarcity/need, to technological innovation, to increased resource availability, to increased consumption, to population growth, to resource depletion, to scarcity once again, and so on. (p. 110)
Applying Odum’s thinking to the VCP’s interpretation of changes in the actual development/evolution of humankind suggests that with each technological revolution there has resulted an increase in the usable energy available to our species, which has in turn resulted in population growth and a subsequent demand for increasing quantities of energy. On the VCP this demand has to date generally been met (particularly since the industrial revolution and the near-exponential increase in our burning of fossil fuels), with the result that the vicious circle of humankind’s development has grown in both size and environmental impact.
A second point of contact between Odum and the VCP – related to the first – is Odum’s emphasis on system-development’s involving pulses. He applies this notion to both living and non-living systems. Among the living are ecosystems, individual human civilizations, and human civilization as a whole. In Too Smart pulsing is emphasized with regard to the human species as a whole, each turn of the circle constituting a pulse.
The pulses of the populations of non-human species tend to fluctuate about a mean (cf. Too Smart, pp. 21–22), in the case of K-selected species their growth or shrinking depending on both internal and external population checks. But, according to the VCP, in the case of the total human population these pulses have taken the form of the constantly increasing growth of the human enterprize. In each instance of humankind’s developing technology, which has taken us through the javelin, bow-and-arrow, hoe, plow, coal, and oil and natural gas phases, the problems (scarcities) have as a matter of fact in each case led to a of technological development capable of harnessing ever-greateramounts of energy from the environment, and a consequent weakening of human population checks and a growth in the human population. Here we might also note, in keeping with Tainter, that part of the vicious circle consists in the diminishing returns that eventually hit any new technology, leading to the need for its replacement.
Housing market 10% overvalued in Canada amid condo risks, data uncertainty: TD executive
TORONTO — Canada’s housing market is 10% overvalued, with the biggest risks in condominium overbuilding and uncertainty over how many investors are buying, but the risk of a U.S.-style collapse is low, a top executive at Canada’s second largest bank said on Monday.
Lisa Reikman, chief risk officer of Canadian banking at Toronto-Dominion Bank, said a spike in interest rates or unemployment could threaten Canada’s robust housing market, but the risk is fairly low.
Instead, TD Bank, one of the country’s top three mortgage lenders and a growing retail banking presence on the U.S. East Coast, is watching house appreciation and the growing supply of condominiums.
“The high-rise condo market is an area we’re certainly watching closely, and I think all of the other banks, as well and the regulator, (are watching),” Ms. Reikman said in an interview.
“Just by virtue of the fact there is a lot of new construction of high-rise condos, and there are some questions around … how many of those are being purchased by investors as opposed to people (who) are actually living in them as a primary residence,” she told Reuters.
Read More Insights... Housing prices and assets values will collapse by 50 to 75% when interest rates spike by 3 to 4%. or more. That's just mathematics. What will cause the spike? Oil prices are bound to jump to 500 or 1000 a barrel within 5 to ten years, if not sooner. Food and material costs will rise proportionately, all of which is inevitable. That's just physics.
And both are just logic. Investors' Insights June 6, 2014
Will It Be a False Flag Attack Or a Currency Collapse?
initiated a false flag event and burned down the Reichstag to gain
control over the German government. Could the same happen here in the
United States? My initial response to that question is, does it really
matter? The pattern of societal collapse
and subsequent governmental enslavement of the American people will be
largely the same whether the precipitating incident is a false flag
attack or a currency collapse. For the purpose of simplicity, let us
call the precursor event to all-out martial law, a currency collapse.
The Federal Reserve Is the Enemy of Humanity
Federal Reserve has been bleeding this country to death for a century.
What the dollar bought 100 years ago, can only buy three cents of
product today. This means that 97% of the value of our currency has gone
into the pockets of the Federal Reserve investors for the past 100
am amazed at the abject ignorance of the American people and that they
think the Federal Reserve is actually part of the federal government. As
we like to stay in the alternative media, the Federal Reserve is no
more federal than Federal Express. For the record, the Federal Reserve
is a privately held corporation which sells stock to preferred insiders.
In 1913, a small majority of Congress commissioned the Federal Reserve
to control banking in the United States. Without a doubt, this was the
worst decision ever made by an act of Congress.
There are many reasons why the US dollar is ultimately doomed to collapse. First, we are running out of just about everything that makes the industrial complex operative, so commodities such as oil are going to become scarcer and much more expensive.
Second, the free ride will end, in that the US will no longer be able to trade paper IUO's for hard concrete goods. You have a geopolitical world that is becoming more and more savvy to this unfair trade imbalance.
Third, the US military's overreach is just becoming to costly to sustain and that's puts more pressure on the currency and its reserve status.
Does history repeat itself? Sure looks that way when you compare Rome's rise and fall to the history unfolding in America. The problem is: there is no where to run nor hide.
Built with visions of suburban prosperity in more optimistic times, the
empty shells of former dream homes dot the countryside among piles of
construction rubble and fallen-down fences. Economic highs and lows have
led to abandonments of entire villages all over the world, from China to the Mediterranean, but Ireland is among the nations that was particularly hard-hit.
Photographer Valérie Anex captures Ireland’s ‘ghost estates’ in
a series of striking images that juxtapose a fading hope for sanitized
suburbia with the current reality, which is simply that nobody can
afford to live in these houses. The National Institute for Regional and
Spacial Analysis defines ‘ghost estates’ as developments of ten houses
or more in which fifty percent or less of the homes are occupied or
Bust looming over China property market? New home prices in China have soared, more than quadrupling in Beijing and Shanghai since 2003, and more than doubling in the country as a whole. — Reuters pic -
BEIJING, June 1 — After years of boom that have seen prices rocket, the prospect of a bust is looming over China’s vast property sector, with authorities hoping to avoid a meltdown that could send shock waves through the world’s second-biggest economy.Housing was doled out by the state when Communist-style collectivism dominated economic management. But in the past two decades that has given way to market-oriented principles as China’s economy has opened.
New home prices have soared, more than quadrupling in Beijing and Shanghai since 2003, and more than doubling in the country as a whole, according to a report by Jeremy Stevens, Beijing-based Asia economist at South Africa’s Standard Bank.
The increases have been a key source of wealth for China’s rising middle classes, and a major driver of the economy.
Now some — including individuals who have made fortunes — foresee imminent disaster.
“I think Chinese property is the Titanic about to crash into the iceberg right in front of it,” Pan Shiyi, billionaire chairman of commercial developer SOHO China, said at a forum, China Business News reported last week.
big is the real estate bubble in China? On good authority we understand
that the number of empty homes exceeds 53 million. Clearly we are
nearing a collapse, but the big problem will be the ripple effect on the
the global economy that could be crippling for years to come.
knew this was going to happen sooner or later. Shorting the banking
sector is starting to look attractive and it bolsters the prospects for
precious metals including Gold!