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An alarming new report from McKinsey & Company, one of the world leaders in global research and analysis for business and government, reports that nothing less than a "revolution" is needed to prevent high, volatile prices for energy, food, steel and water.
"Progressively cheaper natural resources underpinned 20th-century global economic growth," the report states. "But the 21st century could be different. Indeed, over the past ten years, rapid economic development in emerging markets has wiped out all of the previous century's declines in real commodity prices."
In the 1970s, fears about commodity shortages were quelled by "a combination of technological progress, the discovery of (and expansion into) new low-cost sources of supply, and more productive ways of using it… These developments pushed down-by almost half, in real terms-the price of an index of critical commodities (energy, food, steel, and water) during the 20th century. That reduction came despite demand for those resources growing as much as 20-fold during the period."
But today, the report states, we're in dire need of a revolution if there's any hope for a rescue.
How bad can the global resource shortage get before a miracle arrives?
A group of scientists and economist have a clear message: "You don't have the luxury of time."
Will you feel the impact of shortages? How much could it cost you, and how soon? Click here to find out.
In a newly released documentary, this team of experts say they have discovered a dangerous, hidden pattern that's leading to a catastrophe. Right now, they say, we're on a countdown clock to disaster, and the ticking is speeding up.
The work of this team of scientists, economists, and geopolitical analysts has garnered so much attention, they were brought in front of the United Nations, UK Parliament, and numerous Fortune 500 companies to share much of their findings. Click on the short video above to see the eerie pattern.
According to these experts – who have presented their findings to the United Nations, the UK Parliament and a long list of world governments – the catastrophe may create a global economic collapse. One that could easily lead to riots and geopolitical risk.
"This dangerous countdown clock is quickly approaching zero," said Keith Fitz-Gerald, a leading economic expert and authority on global resource conflicts who correctly predicted the 2008 oil shock, the credit default swap crisis, and European fiscal catastrophe.
"The resulting chaos is going to crush Americans."
Another member of this team, Dr. Chris Martenson, a global economic trend forecaster, former VP of a Fortune 300, and an internationally recognized expert on the dangers of exponential growth in the economy, explained their findings further:
"We found an identical pattern in our energy, food, and water systems that guarantees they're going to fail," Martenson said. "This pattern is nearly the same as in any pyramid scheme, one that escalates exponentially fast before it collapses. Governments around the globe are chiefly responsible."
"And what's really disturbing about these findings is that the pattern isn't limited to natural resources. We found the same catastrophic pattern in our debt, total credit market, and money supply as well."
According to Martenson, these systems could all implode at the same time.
"Food, water, energy, money. Everything."
Dr. Kent Moors, one of the world's leading energy analysts, who advices 16 world governments on energy matters and who currently serves on two State Department task forces on energy, also voiced concerns over what he and his colleagues uncovered.
"Most frightening of all is how this exact same pattern keeps appearing in virtually every system critical to our society and way of life," Dr. Moors stated.
headed for disaster?
"It's a pattern that's hard to see unless you understand the way a catastrophe like this gains traction," Dr. Moors says. "At first, it's almost impossible to perceive. Everything looks fine, just like in a pyramid scheme. Yet the insidious growth of the virus keeps doubling in size, over and over again – in shorter and shorter periods of time – until it hits unsustainable levels. And it collapses the system."
Martenson points to the U.S. total credit market debt as an example of this unnerving pattern.
"For 30 years – from the 1940s through the 1970s – our total credit market debt was moderate and entirely reasonable," he says. "But then in seven years, from 1970 to 1977, it quickly doubled. And then it doubled again in seven more years. Then five years to double a third time. And then it doubled two more times after that.
"Where we were sitting at a total credit market debt that was 158% larger than our GDP in the early 1940s… By 2011 that figure was 357%."
Dr. Moors warns this type of unsustainable road to collapse can be seen today in our energy, food and water production. All are tightly connected and contributing to the economic disaster that lies directly ahead.
See the investigation here.
According to polls, the average American is sensing danger. A recent survey found that 61% of Americans believe a catastrophe is looming – yet only 15% feel prepared for such a deeply troubling event.
Fitz-Gerald says people should take immediate steps to protect themselves from what is happening.
"If our research is right," says Fitz-Gerald, "Americans will have to make some tough choices on how they'll go about surviving when basic necessities become nearly unaffordable and the economy becomes dangerously unstable."
"People need to begin to make preparations with their investments, retirement savings, and personal finances before it's too late," says Fitz-Gerald.