Tag «Dow Jones Industrial Average»

Rollercoaster redux

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 …

What works, maybe: individual options

Like global climate change, peak oil represents a predicament, not a problem. There is no politically viable solution to either of these great challenges. Political solutions require economic growth, forever, and therefore no significant sacrifice on the behalf of the electorate. Further, the industrial economy is underlain by the assumption of growth: The industrial economy …

Surveying the field and charting a course

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 …

Politically Viable Solutions for Peak oil and global climate change

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 …

Is terminating the industrial economy a moral act?

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 are advising their clients how to profit, too, from a collapse they foresee within two …

Capitulation draws near

I never cease to be amazed by the number of people, on this blog and elsewhere, who believe the supply of oil is infinite, and the similar number who believe we’ll innovate, conserve, or organize our way out of our oil addiction. I use “believe” intentionally, because there’s no evidence of any thinking going on. If there were is evidence to support the notion we’ll get through the year without capitulation of the Dow, please bring it forward, and soon.