“Minsky moments are triggered by excessive financial leverage, and in the context of supply chains, leverage means excessive operating leverage: in Germany, $2 trillion of value added depends on $20 billion of gas from Russia… …that’s 100-times leverage – much more than Lehman’s.”
Zoltan Poszar
The green transition is dead. The war in Ukraine laid that bare. This is now a multipolar world and it is run on fossil energy. Globalism is dead too and with it, affluence.
REAL Green Adaptation 
“The Neocolonial-Financialization Model has reached its limits globally. There are no more markets to exploit with financialization, the discretionary incomes of the debt-serfs have stagnated to the point they cannot take on any more debt and the reality that the speculative gains are phantom and the mountains of debt are unpayable can no longer be masked.”
“The EU’s crisis isn’t limited to energy. It is a manifestation of the global breakdown of Neocolonialism, Financialization and Globalization. No one will be unaffected as the internal contradictions destabilize a global economy that was presented as permanent.”
https://charleshughsmith.blogspot.com/2022/09/the-eus-crisis-is-global.html
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I saw that great article on Zero Hedge. Smith has had some excellent articles on systematic decline. I have saved several to my notes including this one.
What you highlighted above is in a nutshell the trend. What is amazing is how your writing on Energyshifts.net place this real life trend into the cyclic view of things from the Mayan text.!
Good to hear from you JJ.
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I don’t read Smith’s work often, but I also catch his work on Zero Hedge sometimes. This one was particularly good as well as a couple of others linked from inside that chapter.
I think we are all seeing this same trend, but just from different angles – I’ve ‘worked it out’ through studying the cyclic events in the Maya Calanders, while you are integrating Korrowitcz’s work and your own knowledge and observations.
Smith brings some interesting details as to the dynamics at play, while I tend to generalise more, focusing on descernable patterns.
I’ll be publishing some more stuff towards the end of the year again – in observation mode right now. Hope your projects on the farm are coming along well, Shoal.
J.J.
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