Tag Archive | "Barack Obama"
Teetering
The industrial economy, that is. On the brink, yet again. The real economy — not the born-again exuberance in the world’s stock markets — is stalling as the effects of easy money wear off. Indeed, investor fund flows haven’t been this bad since Lehmann Brothers collapsed in the autumn of 2008. The IMF says risks [...]
Continue reading...Dispatches from Central Absurdistan
Monday, June 7, 2010
1. In yet another reason to keep those shows on the air, reality TV breeds new body ideals. 2. It’ll take a lot of rats to clothe plus-size models in the latest fashion accessory. 3. Encouraging us to keep the weight on, the American Heart Association endorses Nintendo’s Wii. Please put aside your shovel and [...]
Continue reading...We didn’t start the fire
Tuesday, June 1, 2010
Actually, to counter singer/songwriter Billy Joel, we did start this FIRE. Not you and me, of course, but our culture. The U.S. industrial economy is all about Finance, Insurance, and Real Estate. The FIRE is about to run its course, extinguished by the absence of fuel in each of those interconnected sectors. The financial sector [...]
Continue reading...Time to bury the dead
Monday, May 10, 2010
The final nail in the global financial coffin was hammered into place this morning by the masters of the Eurozone. The trillion-dollar bailout Ponzi scheme to save Greece is yet another example of kicking the proverbial can down the road, hoping the taxpayers fail to notice the 800-pound gorilla fighting its way out of the [...]
Continue reading...Rollercoaster redux
Thursday, May 6, 2010
To his imperial credit, Barack Obama did manage to calm the stock markets for a year. But his promises of oversight and transparency are being overwhelmed by his actions. It’s obvious the banksters will not be regulated on Obama’s watch in any significant manner because the entire American economic system is based on fraud, and [...]
Continue reading...Surveying the field and charting a course
Friday, April 16, 2010
It’s all the rage to talk about a double-dip in the industrial economy. That would be an economic trend in the shape of a W. I think an M is far more likely. The assumption of never-ending growth underlies all neoclassical economic assessments, but I think that assumption is about to break up on the [...]
Continue reading...Throwing off the shackles of debt
Monday, March 1, 2010
by Guy R. McPherson, Keith Farnish, Dave Pollard, and Sharon Astyk Indebtedness is a form of servitude, usually involuntary, and, in extreme cases imprisonment. Consider, for example, current rates of interest, usurious compared to what savers earn on their savings in the same banks that charge that interest. Many religious organizations loath interest rates as [...]
Continue reading...Prescription for (Killing) the Planet
Monday, February 22, 2010
Prescription for the Planet was written by Tom Blees and published in 2008. It was recommended to me, with a strong sense of urgency, by a couple friends. It is written in a very compelling style, which is too bad because it suckers people into the kind of wishing thinking for which we’ve become infamous [...]
Continue reading...Where do we go from here?
Thursday, January 28, 2010
Some doors are closed. We will no longer observe long-term growth of the industrial economy. In fact, any growth reported by the government or media is suspect at this point, and probably a result of the age-old fudging-the-numbers trick. We have entered the age of contraction. The days of access to the inexpensive fossil fuels [...]
Continue reading...Politically viable solutions for peak oil and global climate change
Saturday, January 9, 2010
As I’ve written and said many times, I see no politically viable solutions to peak oil or global climate change. There is simply no way to tell the masses the truth about economic contraction and then get re-elected. Ditto for declining accessibility to fossil fuels even as the human population continues to grow, with every [...]
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Thursday, June 10, 2010
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