The Current SituationThe Current Situation

What We Thought Would Happen

The “Bumpy Plateau”

What Actually Happened

Peak Oil Crashed The Financial System

Without Increased Energy InputsThere’s No Economic “Growth”

Without growth, the financial system is not sustainable

Without “Growth,” Debt Can’t Be Repaid

US Is Broke at All Levels

Unable To Service Debt

The USA Blew It

Frankenstein Securities = Experiment That Failed

Frankenstein Securities Are Dead

No More Ability to Generate Further Massive Credit

Revolving Credit EconomyIs Gone Forever

=

Without Lavish Credit

Middle Class Ceases To Exist

Capital is Flying Out of the System

America’s Oil Problem

The Old Theory

A New Wrinkle

Credit Dmitry Orlov for Ingenius Chart

Financial Crisis > Commercial Crisis > Political Crisis

Global Oil Production Collapses Much Faster

Problems We Already Know About:

• Oil Export Crisis

• Oil Nationalism

• Sclerotic Infrastructure

• Aging Oil Workforce

• Geopolitical Friction

• Canceled Projects

The Zombie Economy

Why Are These People Laughing?

I Will Give You More Bonds Tomorrow

For a Hamburger Today

What Now ? ? ?

Complex Systems Break Down

The Way We Produce Our Food

The Way We Do Commerce

The Way We Move Across The Landscape

The Way We Inhabit The Landscape

AlsoBankingOil MarketsSchoolingMedicineEt Cetera. . . .

So-Called “Solutions” or “Intelligent Responses”

Fuggeddabowdit(Techno-grandiosity)

Intelligent Response:Urban Edge Meets

Productive Farmland

“Solution” - Electric Car

Demographic Shifts Coming

Where the Action Will Be

Where The Action Will Be Also

Where the Action Won’t Be

Future Urban Development

Smaller IncrementHuman ScaleFiner Details

Project: Broekpolder District The Netherlands

Rob Krier, Architect

Fuhgeddabowdit

Toast

Example of Compound FailureThe Demise of Happy Motoring

The Future of Happy Motoring

We’re Too Dumb To Do This

Not “Cutting Edge” Enough

De-Complexifying the Hard Way

Downscaling And Relocalization