When did they start handing out tin foil at MIT?

**CivilWars** · 04-05-12, 02:53 PM

So, where are all of our resident experts that said only people who have been abducted by aliens believe this crap?

Next Great Depression? MIT researchers predict

Not saying it will happen, but I do find it...ironic, if that is the right word for it, that according to many on this site only unintelligent people would believe that a massive economic collapse would be possible.

**Guyver** · 04-05-12, 02:59 PM

If it happened once, there's no reason to believe that it won't or can't happen again.

**SmokenScion** · 04-05-12, 03:45 PM

**WickedTribe** · 04-05-12, 05:38 PM

Who would ever claim that another depression is impossible? Hell, we barely avoided falling into another depression after Bush.

**CivilWars** · 04-05-12, 05:52 PM

Originally Posted by WickedTribe

Who would ever claim that another depression is impossible? Hell, we barely avoided falling into another depression after Bush.

Oh, I don't know, maybe this guy?

Originally Posted by Fovezer

What do you think my reply will be? /sarcasm

Of course I think this is insane. Not only a waste of money, but a waste of time. Just like those nuts on the NatGeo show "Doomsday Preppers." The situations in both Libya and Egypt have no comparisons to anything in the US. That is a completely different environment. The US dollar will not collapse. Decline? Yes. Collapse? No. In short, yeah, he's nuts.

Or maybe this one?

Originally Posted by triggerhappy2005

What about them? Did you see Iceland or Greece descend into chaos...nope. Just some riots and disgrutled people. Life goes on.

Boom, bust, boom, bust. Get the picture?

Just off the top of my head.

**WickedTribe** · 04-05-12, 06:32 PM

Did you read the article? This study is about how, unless we we drastically adjust our demand on resources, we're going to run out. This isn't about banking fraud.

**CivilWars** · 04-05-12, 06:55 PM

Oh, so we will run out of food, but everything will be fine because we will have plenty of cash still?

**Guyver** · 04-05-12, 07:08 PM

Originally Posted by CivilWars

Oh, so we will run out of food, but everything will be fine because we will have plenty of cash still?

This.

That's a retarded argument, Wicked. One affects the other.

**WickedTribe** · 04-05-12, 07:24 PM

Originally Posted by CivilWars

Oh, so we will run out of food, but everything will be fine because we will have plenty of cash still?

No, it absolutely wouldn't be fine, but those quotes are from a completely different topic, so stop pretending that they apply.

This is what Fov was responding to:

Originally Posted by CivilWars

What about Iceland, and more relatively Greece? What about the recent announcement posted in another topic here that the UK government is quickly running out of money?

And he was absolutely correct. Economic downturns like the one that we experienced, or even the great depression, are far from doomsday. The Wyoming bill that that article, and those quotes were from is idiotic, and wouldn't apply to this kind of scenario. A Wyoming currency isn't going to have any effect in a global collapse like the one described in this article.

The solution isn't right-wing wackiness, its good old American left-wing environmentalism and economic regulations. From the Smithsonian article:

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.

it's also important to note that this guy isn't exactly the mainstream either. What makes him an outlier instead of a tinfoil-hat wearing nutjob is that he's backing up his possibly wild claims with solid facts and hard science.