Tag Archive | "Barack Obama"
Three paths to near-term human extinction
About a decade ago I realized we were putting the finishing touches on our own extinction party, with the party probably over by 2030. During the intervening period I’ve seen nothing to sway this belief, and much evidence to reinforce it. Yet the protests, ridicule, and hate mail reach a fervent pitch when I speak [...]
Continue reading...Bricks in the wall
Thursday, June 30, 2011
The U.S. Department of Defense consumes 360,000 barrels of oil each day. Yet corporate Amerika wants you to conserve, no doubt to save the last drops for the military (to be used to secure more oil). We’re being fleeced, folks, and the fleecing continues unabated at all levels. Here’s a minor example of the fox [...]
Continue reading...Reality bites
Sunday, May 15, 2011
The BRICS are making their move to shove aside the U.S. dollar (although their own troubles might interfere). The dollar dump is particularly timely in light of recent recognition that U.S. credit verges on junk status, and rates lower than Mexico and several other countries with relatively small industrial economies. And, as pointed out by [...]
Continue reading...Partial understanding on planet Easter Island
Tuesday, April 26, 2011
The recent S&P downgrade of U.S. debt is yet another example of a circus sideshow in a nation filled with clowns sleepwalking off a cliff. Ben Bernanke, the master of ceremonies in the most ridiculous show on Earth, has come up with a new scheme to print money, hence plunge a financially bankrupt nation further [...]
Continue reading...Like an elevator when the cable breaks
Sunday, April 17, 2011
According to Mark Twain, “civilization is the limitless multiplication of unnecessary necessities.” It seems western civilization is just about done with the mindless multiplication of anything, much less unnecessary nonsense. It’s too late for a fast collapse of the industrial economy. According to every significant index, the U.S. hit its economic peak in 2000. We’ve [...]
Continue reading...Quickening
Thursday, April 7, 2011
In the United States, various states offer glimpses into the future of industrial economies. Wisconsin is filling the mainstream media outlets, but California really leads the way. In the latter state, the lights have gone out and the water has been turned off for a significant number of people. Those events are coming to the [...]
Continue reading...Techno-optimism meets its match
Monday, November 15, 2010
According to the extremely conservative International Energy Agency (IEA), we’ve passed the world peak for conventional oil (in 2006, they say). In a stunning nod to reality, even the New York Times agrees. In a bizarre case of committee-style cognitive dissonance, the IEA follows up on the admission that peak oil has come and gone [...]
Continue reading...Balloon seeks pin
Tuesday, September 21, 2010
I speak openly about myriad ongoing collapses, regardless how others respond. Among the costs: Rumors of my insanity have spread beyond the institution I departed and throughout the nation’s hallowed halls. Apparently I’ve contracted a rare disease, which explains the insanity. I can only hope (i.e., wish) it’s not fatal. Further evidence I’ve lost my [...]
Continue reading...Economic and environmental consequences of expensive oil
Friday, July 16, 2010
What are the causes and consequences of expensive oil? The first question is posed in this article, and answered surprisingly well by a neoclassical economist. He understands the relationship between the price of oil and economic growth, and he hints at constrained supply while also expressing irrational exuberance about continued economic growth. As an economist, [...]
Continue reading...Strike one … you’re out?
Monday, July 5, 2010
Bad Company’s Shooting Star blares over the PA system. Don’t you know, yeah, yeah The hour is late as the game enters the top of the ninth inning. The home team has held the Industrialists scoreless, and leads by a single run. If the Industrialists score, the home team will bring out the bats. Don’t [...]
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Saturday, August 20, 2011
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