When American Empire completes its fall, we will not have the ability to sacrifice one big bank just to rescue an even larger corporate entity along with an ill-devised government program. Instead, we’ll be focused on the only economic system too big to fail: Earth.
I caught a lot of flak from readers on this blog when I pointed out, six months ago, that we have become a neocon nation. I even pointed out the apparent neoconservative tendencies of our newly elected president, much to the chagrin of readers across the political spectrum (meaning, I suppose, Democrats and Republicans, the spectrum for which is about as broad as that from indigo to violet on the electromagnetic spectrum).
It seems I’ve touched a nerve. Maybe a couple of them.
As I indicated in my previous post, we’ve reached the end of economic growth. I pointed to the Financial Times article that leaked the results of the International Energy Agency’s long-awaited study of the depletion rates of the world’s 400 largest oil fields. The bottom line: “Without extra investment to raise production, the natural annual rate of output decline is 9.1 per cent.”