Tag «Federal Reserve»

Techno-optimism meets its match

According to the extremely conservative International Energy Agency (IEA), we’ve passed the world peak for conventional oil (in 2006, they say). In a stunning nod to reality, even the New York Times agrees. In a bizarre case of committee-style cognitive dissonance, the IEA follows up on the admission that peak oil has come and gone …

King Ben

The authority of the U.S. federal government has eroded to the vanishing point. No longer do the three branches of government possess significant authority. Their collective ability to right the listing ship of empire has been negated by forces large and small. Whereas the president used to have considerable power, primarily through his position as …

Empire of lies

Benny and the Inkjets are tossing the money around, but it didn’t pump up the industrial economy the last time and QE2 will be no better, even if the next version is expectedly gihugic. He’s destroying the dollar in the process of printing fiat currency, but he cannot keep up with the ongoing economic contraction. …

Grifter nation

Throughout the blogosphere, pundits are predicting the foreclosure fiasco will be the tipping point. Instead of death by a thousand cuts, this spurting wound will bring the industrial economy to its overdue close, they say. Those of us who care about the living planet should be so lucky. All twelve of us. Let’s ignore 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 …