The End Of Abundance | Frankly #6
The Great Simplification with Nate Hagens
Nate Hagens
4.8 • 555 Ratings
🗓️ 30 August 2022
⏱️ 9 minutes
🧾️ Download transcript
Summary
On this segment of Frankly, Nate opines on the significance of French President Macron's statement we are nearing the "end of an era of abundance'.
Nate shares what this watershed moment in the global political narrative means for Europe, the U.S. and the world - as we rapidly become less "energy-blind".
For Show Notes and Transcript visit: https://www.thegreatsimplification.com/frankly-original/frankly-06-the-end-of-abundance
To Watch on Youtube: https://www.youtube.com/watch?v=l5NuN0rqV6s
Transcript
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| 0:00.0 | Hello. |
| 0:03.0 | It is 9 p.m. I just got home. |
| 0:07.0 | Let me try that again. |
| 0:12.0 | Hello. It is 9 p.m. I just got home from a day trip to Austin, Texas, where I was on a podcast with Aubrey Marcus. |
| 0:22.9 | It was quite personal and intense. |
| 0:24.9 | In a few weeks, I hope you watch it. |
| 0:28.1 | On the podcast, I told Aubrey that the things we were discussing could never be voiced |
| 0:33.3 | by a leader of the G20 or the G7 because they were too threatening and no easy answers, |
| 0:42.2 | etc. And longtime listeners will have heard me say that before. On the plane home today, |
| 0:49.2 | I read that French President Macron said today that we are at the end of an era of abundance, |
| 0:59.0 | and that we're going to have to make choices, and that the energy crisis in France and |
| 1:08.0 | Europe is going to require sacrifice and different ways of thinking. |
| 1:14.7 | But he did say we are approaching the end of the era of abundance. |
| 1:20.1 | I think this is potentially a watershed moment, so I wanted to do a quick recording |
| 1:26.0 | because I have to leave again in the morning. |
| 1:29.3 | Here are my quick thoughts. |
| 1:31.8 | Right now the energy situation, it was only a few months ago I made the short video called |
| 1:37.7 | energy blindness. |
| 1:39.3 | Our culture is becoming less energy blind by the day. |
| 1:43.5 | Europe is almost completely energy aware. |
| 1:47.0 | Right now, electricity is for next year's forward prices between 600 and 750 euros per megawatt, |
| 2:00.0 | which is in contrast to 40 or 50 euros a megawatt in the last few |
... |
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