skip to Main Content

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.

Read More..

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.
Read More..

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.

Read More..

The Service Trap

It is clear that some of us are committed to lives of service, and others are not. I'm sure social scientists have identified myriad patterns to justify our quirky lives, without actually explaining them, much less identifying mechanisms underlying them. And that's just as well, given the magnitude of the task. I'd rather we spend our considerable cognitive surplus on other issues. Consider, for example, how much time we spend tweeting. And then trying to determine if twittering counts at literature. (If you think twit lit is, well, literature, I think you're an idiot. But I digress.) Never mind who's drinking which brand of beer in the White House. We're so absorbed with television and the Internet and who's screwing whom in the world of celebrities, we can't bother to focus on the inordinate suffering we're causing, to humans and other animals. Sixth great extinction, including our own species? Whatev. Solving those problems will simply have to wait until after I get a tattoo proclaiming my independence from mainstream culture.
Read More..

Truth and lies

Seems ex-politicians are so much better at telling the truth than current politicians. Peter Orszag, budget director in the Barack Obama/Goldman Sachs administration, finally admitted we came very close to full-scale economic collapse (as if that’s not obvious by now), but he simply can’t resist claiming economic growth is right around the corner.
One out of two ain’t bad, for somebody in the White House. Never mind that’s what he said two months ago, too.

Read More..

Earth Egg

The bumper sticker starts with bold type: EARTH FIRST!
The second line is smaller: We’ll mine the other planets later.
The very notion that we can rely on other planets for resources after we trash this one is ignorant and offensive. I’ll start with the offensive part before discussing the ignorant part.

Read More..
Back To Top