Reply #72: Do you really think that this will happen?

[jmcgowanjm]

Derivatives are based on "Free Energy" for the next 100 years.
Not steam powered tractors, not 50 acre farms, not bikes.
But on increasing efficiencies of Wealth creating engines of today.

Corps cannot go back to "old" accounting anymore than we can
build a Saturn V rocket(the blueprints have been lost).

The system is an upside down pyramid. And there's a reason upside down pyramids aren't built. Stability.

Oil is measured as 2% of our GDP, but it's "wealth effect" is much larger.
And agriculture plays a much larger role than it's measured
by our GDP.

When the limits of oil (happyslug's or Simmon's, I don't care)
can be seen by minimum wage people, they'll be seen by all.

The bondholders will be screaming for protection and not just
protection of %. They'll be wanting principle.

Returning principle will be like taking building blocks out of the
bottom of the inverted pyramid.

It cannot be allowed to happen.