Mike Hayward: With the help of DK, I have redrafted my Meltdown presentation to be suitable for an International Audience and it is attached below. I have already given this talk at several UK universities with more to come. It is designed multidisciplinary audiences so it is not too technical and is richly illustrated. Please feel free to use and adapt the presentation to suit your own needs and viewpoint. My name is not mentioned in the presentation. The subject is too important to claim authorship or credit. Summary...... The global debt mountain, peak oil, population growth, resource depletion, population growth, the pension time bomb and climate change are all interconnected. Meltdown did not occur in October 2008, but we were within 4 hours of it happening. It has only been deferred. Remember, only 3 dozen economists correctly predicted the 2008 global financial crisis, out of a profession of 20,000 members. Not one of the World politicians and Central Bankers saw the crisis coming, but all of them claim to know the remedy. The reasons for the 2008 crash have not gone away. The US housing market is still in freefall and US and European Banks are becoming increasingly insolvent, although they won't admit it. Economic growth will be stifled by rising oil prices. The bailouts are not working. World Politicians, Bankers and Economists are trying to maintain the status quo but they are losing control. Fundamentally, the real systemic causes of the crisis are rarely discussed with transparency and have not been addressed. Fractional Reserve Banking and universal public ignorance of banking practices are the cause of all the our global problems. The collapse will happen within the next couple of years. The Eurozone or USA will most probably be the epicentre. The interconnectivity of the financial system means we will all be affected. What happens next after the collapse is impossible to predict. History is replete with examples but not on a Global scale. Massive political unrest will prevail. There will be a rise in popularity of extreme left and right political parties.

1. How close are we to the Systemic collapse of the Global Financial System?

3. Oil is the fuel on which the Global Economy runs and credit is the grease

4. Exponential growth of World population and economy coincided with the Start of the use of fossil fuels and fractional reserve banking

7. The Debt Mountain Someday soon all this will be yours

9. US

11. WE DON’T SPANK THEM ANYMORE. WE JUST TELL THEM HOW MUCH THEY OWE TO THE NATIONAL DEBT

21. 97% is electronic money that exists as entries in Bank Computer records

23. Fractional Reserve Banking

35. The hydra with five heads Head 2 Population growth

37. In 1950, the World population was 2 billion

38. There are now 6.5 billion (6,500,000,000) people in the World, all becoming more and more addicted to oil

40. The hydra with five heads Head 3 Pension time bomb

41. Growing population of baby boomers, born between 1946 and 1964 Over 23% of Florida’s Population is over 60

46. The hydra with five heads Peak oil Climate change Heads 4 & 5

47. So what is ‘Peak Oil’? • Consumers are only interested in delivery flows • Many commentators talk of reserves and forget flows • Reserves are only useful as flows Peak oil is the point when worldwide production of conventional crude oil peaks

51. World population growth China's oil consumption is expected to grow by 7.5% per year for the next 20 years Climate change 4 fold

52. Is the Financial Crisis over?

53. Why will the 2 epicentres of collapse probably be USA or Eurozone US economy represents 25% of global economy European Union also represents 25%

54. Baltic dry index This index indicates that global shipping is now one sixth of what it was in 2008

65. Much of Old World infrastructure predates the invention of the internal combustion engine. Communities were connected by walking and riding horses. Here is a typical English village as it is today Playing field

66. Most of New World infrastructure has been built after the invention of the internal combustion engine with cheap oil You can’t go anywhere in the States, or Canada, or Australia, or New Zealand without a car

68. The price of crude oil

79. The End