I appreciate the sentiments, expressed on and off the blog, by those who asked me to come back. As I’ve come to expect, you’re kind. You give me yet another reason to slog on, through the fog of misery shrouding the empire.
I used to talk, and write, about peak oil with considerable urgency. But my enthusiasm is waning. Perhaps it’s time to throw in the proverbial towel, give up the proverbial ghost, switch proverbial horses, or … well, insert your own tired cliché here.
If you’re paying attention to forecasts in the blogosphere, you’ve no doubt seen James Howard Kunstler’s projections for 2009. As always, Kunstler’s writing is humorous and provocative. The forecast is a bit vague and bloated, but we’re halfway to the Dow 4,000 Kunstler predicted more than a year ago we’d hit by the end of 2009.
I’ve written and said, the existence of Buddhist monks indicates we can power down with the tranquility of Buddhist monks. And I keep referring to this line, mostly because I’ve had damned few memorable lines that make any sense. My money, though, is on more human, less humane, behavior. Thus, my choice to stake my picket-pin in defense of the landbase and the community near the mud hut.
Now that the Fed has cut interest rates as low as it dares and the economy is still in the tank, the Fed is going public with the strategy it’s been using for the last year: printing money. ‘Cause that worked so well for the Weimar Republic. The strategy led to Germany’s fall and Hitler’s rise. In the present case, it’ll probably delay a world economic collapse for a few weeks or months. But the long-term effects will be horrific. Not that any civilized government has ever cared about long-term effects.