How does a new monetary system need to look like vis-à-vis Peak Oil?
There are many possibilities for alternatives, including tradable energy vouchers. Is it this monetary change that has to take place that constitutes the “Heart of Darkness” so to speak when it comes to the problem that the elites and the mainstream media are “too fearful to publicise peak oil reality”?[9] I don’t think reality is that conspiratorial. Certainly there are some deep, dark conspiracies out there, but with regard to peak oil my belief is that, for the most part, the elites genuinely do not understand the situation or its implications. Of interest with regard to the recession is of course the oil price spike of 2008. Global Portfolio Strategist Marshall Auerback stated in an interview with me that even though “recessionary pressures were already ‘baked in the cake’ well before the oil price spike”, that this was “the straw that broke the came ‘s back, or the ‘icing on the cake.’”[10] That given, I would like to get your reading of that oil price spike. Do you agree with Jam
