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.
Seems a life in the ivory tower is damned poor preparation for post-carbon living. But I’ve largely survived the blister phase, and calluses are forming on my soft, pink hands as I return to a life of labor at the mud hut. My fingers try to wrap around a shovel handle, even when there’s no shovel in sight.
The rewards are not evident yet, but I can feel them coming closer with each new dawn. Fortunately, I’m no longer addicted to academic success, as I once was, because I know there are greater rewards than meaningless paper in the bank and meaningless plaques on the wall.