Tag «stock market»

Can we handle the truth?

The International Energy Agency (IEA) released World Energy Outlook 2009 today. Even before the sham was shipped, it was exposed as a big ‘ol bucket of lies. Seems the current administration thinks Americans can’t handle the truth, so we need to apply some pressure to keep the lid on the facts. If this country’s paragon of transparency (i.e., world’s leading liar) and master of hope (i.e., wishful thinking) actually trusted the American people, perhaps we could avert chaos.

Theory and practice

I used to believe the bankruptcy of the Federal Deposit Insurance Corporation would have substantial implications. The FDIC officially ran out of money last Friday when they shuttered the usual handful of banks. When they close another handful this Friday — conveniently out of the media’s not-so-watchful eye — they’ll have exactly nothing with which to back up the deposits. Since backing up deposits in failed banks is the FDIC’s entire mission, this should cause the financial system to fail overnight.

Bring on the doomers

The twin sides of our fossil-fuel addiction — energy decline and global climate change — are the most important topics we can address as a species. The national conversation ignores or marginalizes these critical topics. On the rare occasion they inadvertently come up, we act like a roomful of eight-year-olds with plates full of peas and mashed potatoes, pushing the main course around without actually ingesting it, wishing for the distraction of dessert.

Revising my forecast

If you’re waiting until things get bad before you start making other arrangements, I have two words for you: We’re there.

The Greatest Depression, briefly described

We’ve built a set of living arrangements that relies on infinite access to a finite resource. That set of ill-conceived living arrangements is comprehensive, including capture and delivery of water, production and delivery of food, construction of shelter, the systems of health care, education, and finance, our sense of community (or absence thereof), and thousands of attributes we take for granted on a daily basis.