Today I posted three items on FB which are clearly linked in ways that I would love to explore further. The first is an article in the UK’s Guardian newspaper that reveals that wind power generated more energy in 2016 than coal power, and that coal power generated less in 2016 than in 2015. However, what was more significant than this to me is a reference in the article to the construction of a vast new infrastructure of “thousands” of wind farms – in other words, a new decentralised energy infrastructure to replace the centralized fossil fuel-based energy infrastructure. The second post was a remarkable article by Nafeez Ahmed entitled Brace Yourself for the Oil, Food and Financial Crash of 2018. Using a recent report confirming oil peak by HSBC bank, Ahmed argues that the peaking of conventional oil production in 2005 will not only prevent global economic recovery it also contributes to a debt-driven finance bubble that will burst in 2018. The only alternative, he argues, is to prepare for a post-fossil fuel and post-capitalist economy. However, what will prevent this is the fact that global banks are capable of creating money via debt to sustain growth rates that are necessary to protect the value of the debt. Hence the significance of the third article which is about the remarkable – albeit gradual – acceptance of the notion that it is indeed banks that create money via debt financing. Quoting Mervyn King, former UK Governor of the Bank of England, the problematic role that banks play in the global financial system is lucidly explained and highlighted. It makes so much sense to connect the dots reflected in these three articles: the success of renewables that exacerbates the crisis of fossil fuel production by preventing scarcity from pushing up energy prices; the coming financial crisis exacerbated by debt-financed strategies to artificially compensate for the recessionary implications of oil peak – a strategy that the new Trump Cabinet is bound to reinforce and back up with military force; and the search for alternatives to the current system of money creation via ‘too-big-to-fail’ private banks, including either greater centralisation of control of money supply by central banks (e.g. as already started in India) or the promotion of localised (ideally non-profit) community banks (as has been prevalent in Germany). Surely the Trump Presidency is about defending the existing globalised financial system and the centralised fossil fuel-based energy system it is based on? Will the devastation caused by a possible global economic crisis in 2018 wreck these plans? Will alternatives to financialised capitalism and fossil fuel-based energy emerge on scale to replace the existing system? What alliances of forces are needed to make this happen? And what role will the construction of a decentralised renewable energy system play in creating a new global space economy of literally millions of renewable energy power plants? What is the relationship between the emergence of this new global space economy and the alliance of forces needed to bring about a global transition to a more equitable and ecologically sustainable world? Herein lie glimpses of future trajectories.