Peak Oil - an analysis by German Military

http://www.pennenergy.com/index/petroleum/display/2307445781/articles/oil-gas-financial-journal/e-__p/conventional/petrochina-discovers.html

Something to consider: The end of oil trumps monetary monopoly....?

Because localities, (local self-sustainable regions -- and not all are so endowed, so rich in natural resources, such as water, y'know), separate apart and circulate their own currencies. When the lights go out. What do you see when you turn out the lights? / I can't tell you, but I know it's mine / Oh, I get by with a little help from my friends / I'm gonna try with a little help from my friends / I get high with a little help from my friends with a little help from my friends with a little help from my friends ...

It used to be money was back by gold and precious metals. The 20th century is the story of the ascent of oil to collateralize money. Now the oil depletes to empty. So ...?

The whole boogieman fearfuming about reading the political entrails and tea leaves of Deutschland/Euro-burly should include such information in consideration as the following:

www.PeakOil.NET

Peak Oil - an analysis by German Military
by Mikael Höök

A study by a German military think tank has analyzed how "peak oil" might change the global economy. The internal draft document -- leaked on the Internet -- shows for the first time how carefully the German government has considered a potential energy crisis.

The Peak Oil issue is so politically explosive that it's remarkable when an institution like the Bundeswehr, the German military, uses the term "peak oil" at all. But a military study currently circulating on the German blogosphere goes further.

The study is a product of the Future Analysis department of the Bundeswehr Transformation Center, a think tank tasked with fixing a direction for the German military. The team of authors, led by Lieutenant Colonel Thomas Will, uses sometimes-dramatic language to depict the consequences of an irreversible depletion of raw materials. It warns of shifts in the global balance of power, of the formation of new relationships based on interdependency, of a decline in importance of the western industrial nations, of the "total collapse of the markets" and of serious political and economic crises.

http://www.oilposter.org/