Tuesday, December 12, 2017 by Martin Mavis
Is everything a bubble? The Health Ranger explores many of the most egregious bubbles currently in play.
Podcast Transcript: “I’m calling this podcast ‘Everything is a bubble‘ although that’s not technically true but most of the things that people focus on are bubbles. So, let me give you some examples. We know that the stock market is in a massive bubble, where valuations are far higher than earnings would justify. We know Bitcoin is in a bubble. A lot of cryptocurrencies are in a massive bubble. So, on the financial side, lots of bubbles, bond market bubble, real-estate bubble and so on. But did you know there’s also an energy bubble? There’s the energy that’s available to us today through fossil fuels. It’s so easy and so cheap to come by that unless there is a major breakthrough on the fusion side, which is possible in the next 10 to 20 years, but if that doesn’t happen energy is going to become a lot more scarce and expensive. So, we’re in an energy bubble – especially given that energy is what drives tractors that produce food cheaply through a lot of automation and so on. It means we’re also in a food bubble. I don’t know if you’ve ever thought about the fact that we’re in a food bubble. Most people haven’t thought about that. Today food is so plentiful, so cheap and so easy to come by, that even people living in absolute poverty are clinically obese. Think about that. You know 100 years ago when people were poor they were starving. Today when people are poor they’re overfed. They’ve got too much food. That’s how much of a food bubble we’re in. So, the food bubble is going to collapse like every bubble at some point, but the food bubble has made possible a population bubble. Yes, we are in a population bubble right now, as well or over 7 billion humans on this planet. We’re destroying this planet destroying the ecosystem making it unsustainable…” Listen to the podcast below: