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Whack!

The next case of $120 oil, assuming we get there before the industrial economy falls into the abyss, will be brutal for an already over-stretched American consumer. Banks are falling like dominoes on a mule cart over the bumpy terrain of declining energy supplies. When will the lights go out?
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A Typical Reaction

Occasionally when people talk to me about my new life in and around the mud hut, their conclusions include one of the following statements: (1) You’re selfishly wasting your talent as an excellent and inspiring teacher. You should be teaching at the university, saving students, instead of preparing for economic collapse. (2) Don’t be silly. The United States cannot suffer economic collapse.
My responses go something like this:

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Theory and practice

I used to believe the bankruptcy of the Federal Deposit Insurance Corporation would have substantial implications. The FDIC officially ran out of money last Friday when they shuttered the usual handful of banks. When they close another handful this Friday — conveniently out of the media’s not-so-watchful eye — they’ll have exactly nothing with which to back up the deposits. Since backing up deposits in failed banks is the FDIC’s entire mission, this should cause the financial system to fail overnight. The FDIC claims to be working magic to solve this problem, but they’re simply trying to gloss over a monumental problem, as even the Wall Street Journal seems to notice.

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Preparing for Collapse at the Mud Hut

I've dug trenches (requiring only a strong back and a weak mind, so it's the perfect job for me) in which to install water lines, and even installed a
frost-free hydrant
near the chicken coop and duck house (I'm a plumber). This morning I laid
laid tile atop a counter
in the outdoor kitchen (I'm a mason). I've built several awnings for tools and shade, along with a few structures for animals (I'm a rough carpenter). And we're growing considerable food, planted from seed, in our own garden beds and also in a neighbor's field (I'm a sharecropper). My two favorite titles, then, are Professor Emeritus and Sharecropper.
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Politics and personal responsibility

I’ve long recognized the two-party, one-ideology basis of American politics, and I was calling Barack Obama a neoconservative long before it was popular to recognize him as the Teflon President 2.0. But even I can hardly believe this tidbit from a guy I thought was pretty damned smart: From the I-cannot-believe-this-is-happening camp, Obama is appointing a Monsanto man as food safety czar. Welcome to Farmageddon, land of the free.

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