Hello Hawkmoon Ron, <<I fear>>
... you can rest easy that your fear regarding Chinese bubble collapse or Chinese hiccup burb may be unfounded.
The events you have in mind will just as likely lead to even more sprightly growth, simply because it is time, and the time is right, as long as the energy keeps flowing (on this you must redouble your effort), and when not, as long the research into coal use bears fruit. A lot of PhD are chipping away at the problem at USD 10k per PhD per year cost. This approach may turn out cheaper than trying to change the desert tribes.
And if the coal cannot be exploited cleanly in a commercial way for heat, electricity and locomotion, we are all in trouble in any and all cases.
As to currency convertibility, it is coming, in its own good time, but as a consequence, not so much as a cause.
As to ideas and values, they are big topics, and widely misunderstood ones at that, and so we will simply have to see. The sustainability of growth aside from the energy angle is not a concern IMO, because change is a constant.
Chugs, Jay |
