I’m getting cranky, judging from several comments on this blog and on Facebook (where my latest entries have been posted and then re-posted by contacts there). Not to pick nits, but I’m getting crankier. But, like all rationalizing animals, I…
My latest post stirred considerable interest, as indicated by my email in-box as well as several thoughtful comments online. Although I tried to be clear about my position, questions continue to flow in, suggesting my no-holds-barred approach lacked clarity. I’ll…
People often accuse me of inappropriate behavior because I propose bringing down the industrial economy. Interestingly, nobody seems too concerned about the morality of the big banks as they devise ways to profit from economic collapse (to be fair, some…
Nine more banks failed last weekend, bringing the year’s total to 115. Along with the banks, one of the largest companies in the country declared bankruptcy, further evidence every large entity in the world will go down with energy availability. Small businesses are joining the fiesta, declaring bankruptcy like Zimbabweans, and the mother of all carry trades is headed for a collapse the size of hell and half of Montana.
Passing the world oil peak has had, and doubtless will continue to have, relatively little impact on the long-term price of gasoline. The economic implications of getting through the first half of the Oil Age have been much more significant, a trend that seems likely to continue until the collapse is complete.
We’ve seen 106 banks fail, so far, including some of the monsters. Others were perceived by the Obama adminstration as too big to fail, so we tacked on a series of taxes to future generations of Americans. A majority of those taxes will never be paid because the whole country is bankrupt (and not merely financially). Regional banks are suffering, too. We’ve seen house prices plummet under the weight of massive foreclosures and a bubble pumped up by the likes of Greenspan and Bernanke. We’ve seen entire airlines disappear, along with a plethora of other companies. The nation’s largest car company was socialized when we the people took ownership. (Against our wishes, of course. Isn’t faux democracy great?) Unemployment has risen, and continues to rise even as the Obummer administration throws massive fiat currency at every enterprise they deem worthy (expectedly excluding you and me). Suddenly, shopping at Wal-Mart is all the rage because, despite lies from the federal government, prices continue to rise for the average consumer.
I suppose the king of Norway could endow me with the Nobel Prize for Medicine. After all, I’ve done no harm, thereby adhering to the first rule of medical practice. As a consequence, I demonstrate great promise.
But of course there would be no political reason to hand me a Nobel Prize. The Nobel committee is nothing if not political, and there is no more political act than awarding the Nobel Peace Prize.