And this is a major issue.

CA

With that said, the question that everyone's wondering about is, what's going to happen now?

Okay, so the bad news first

You could have made it in the 1890s you wouldn't have the transistor.

Have had technologies that would liberate the world from the slavery of our current

And then we have inequality.

(Laughter)

In the 1980s we had the Reagan revolution, which lead to deregulation.

That woman!

Not only has that been weak. it's getting weaker.

There will be an economic crisis at the end of this year.

An economic crisis will hit at the end of the year.

Today, as these very foundations are being shaken by crises, the need for open and honest dialogue on the future of the monetary system has never been greater.

NF

And it's an idea that I think is very prevalent at these TED Talks, the idea that we can invent our way out of a profound economic and energy crisis, that a move to a knowledge economy can somehow neatly sidestep those energy constraints, the idea that we'll discover some fabulous new source of energy that will mean we can sweep all concerns about energy security to one side, the idea that we can step off neatly onto a completely renewable world.

So let's start talking about that.

What else, after all, is there?

That bird is now in danger of dying out.

Good afternoon.

This economic crisis look like a cancer.

So we're bound with the laws of physics and the laws of economics.

But one has to wonder, now that we've had this financial sector collapse upon us in Iceland and by the way, Europe looks pretty bad right now, and many would say that you in America are heading for some more trouble as well.

The eminent scientists of the Global Footprint Network, for example, calculate that we need about 1.5 Earths to sustain this economy.

America is in crisis the economy, national security, the climate crisis.

And notice, the money supply at least as we defined it with this M1

I think is an epiphenomenon.

You cannot separate what's happening in the world, and what's happening within people. Jairon G Cuesta Social Anthropologist, Psychotherapist

Alan Greenspan's proclamations that the years of economic growth would go on and on, not challenged by his peers, until after the crisis, of course.

And look here compare to the Philippines of today.

And what I discovered is this parallel reality, another international economic system, which runs parallel to our own, which has been created by arms organizations since the end of World War Il.

She is economically independent of her parents now.

President Camacho stood before the world and promised everyone... that Joe would solve all their problems.

The economist instinctively anticipated the current depression.

The amount of time elapsed in current song

The economy still hasn't completely recovered from the financial crisis.

It is a win win win situation that starts the food economy moving.

There now, social benefits, social progress, are going ahead of economical progress.

Longitude of your current position

Location 118.30 degrees West.

They use the energy, the strength and the lives of others, for their own economic prosperity.

(Applause.)

But I'm not here to share these stories about these two things exactly.

And here in my chart on the left hand side is where we are now.

The longitude of the current geographic location, in decimal degrees.