New data shows that the total wealth of the top 1% of Americans just hit a record $44 trillion. Corporate profits are also hitting record highs, raking in $2.8 trillion in the last three months of 2023 alone. And that’s after taxes. It won’t surprise you to hear, given these massive numbers, that inflation is being driven primarily by corporate greed and these staggering, record profits. By raising the cost of food, housing, and every basic need corporations are facilitating a gargantuan transfer of wealth from the working class to the 1%. In doing so they’re cementing this era’s position as the second Gilded Age.
For most of you, that’s probably not new information. Inequality has been soaring since the Reagan era, and even though workers have been creating more and more wealth, we’re seeing a smaller and smaller share of the value we produce. But this Gilded Age is slightly different from the first, and more importantly our remedy for this era should be separate and distinct.
The Gilded Age of the late 1800s is typically defined by extreme inequality and the monopolistic consolidation of industries. A handful of men, the Robber Barons, controlled the railroads, mines, newspapers, and, ultimately, the country. The concentration of wealth was so extreme that one man, John D. Rockefeller, is estimated to have been worth approximately $400 billion at the peak of his wealth, which was about 2% of the entire U.S. economy. Others like Andrew Carnegie, J. P. Morgan, and Cornelius Vanderbilt also pillaged and ruled the country with ruthless business tactics, exploitation of workers, and political corruption.
…click on the above link to read the rest of the article..
Bloomberg Economics ran a million forecast simulations on the US debt outlook. 88% of them show borrowing on an unsustainable path.
The Congressional Budget Office warned in its latest projections that US federal government debt is on a path from 97% of GDP last year to 116% by 2034 — higher even than in World War II. The actual outlook is likely worse.
From tax revenue to defense spending and interest rates, the CBO forecasts released earlier this year are underpinned by rosy assumptions. Plug in the market’s current view on interest rates, and the debt-to-GDP ratio rises to 123% in 2034. Then assume — as most in Washington do — that ex-President Donald Trump’s tax cuts mainly stay in place, and the burden gets even higher.
Simulations Show Range of Uncertainty Around CBO’s Forecasts
10th and 90th percentile results of a million scenarios
With uncertainty about so many of the variables, Bloomberg Economics has run a million simulations to assess the fragility of the debt outlook. In 88% of the simulations, the results show the debt-to-GDP ratio is on an unsustainable path — defined as an increase over the next decade.
The Biden administration says its budget, featuring a slew of tax hikes on corporations and wealthy Americans, will ensure fiscal sustainability and manageable debt-servicing costs.
“I do believe we need to reduce deficits and to stay on a fiscally sustainable path,” Treasury Secretary Janet Yellen told lawmakers in February. Biden administration proposals offer “substantial deficit reduction that would continue to hold the level of interest expense at comfortable levels. But we would need to work together to try to achieve those savings,” she said.
Trouble is, delivering on such a plan will require action from a Congress that’s bitterly divided on partisan lines.
…click on the above link to read the rest of the article…
Today’s Contemplation: And Now For Something Completely Different, Part 4
January 13, 2023 (original posting date)
While I take a break from my Contemplation posts and specifically the energy series I began (see here for Part 1, Part 2), here is the fourth installment of chapters from the fourth book in my fictional novel series (that stalled a few years ago but have ready). I will continue to share some of these over the next little while. Here are the links to PDF files of Chapter 1, Chapter 2, Chapter 3, and now Chapter 4.
The storyline: Flowing from actual world events, a damaged environment, dwindling energy resources, and a manipulated market-economy all come crashing together in this tale about the social and individual impact of stresses that overwhelm a precarious and complex global system. Supply chain interruptions, border disputes, increased fascism, growing protest movements, and mass migration out of rural areas into cities dominant the new normal.
Basically, this is a tale (set in Canada) about the individual (and societal) reactions to a breakdown of our complex systems. Life is proceeding ‘normally’ for most while a marginalised minority are increasingly concerned about the unsustainability of our way of life. Governments begin to clash with domestic populations while the machinations of some of the ruling caste, especially around energy systems, is exposed. Chapters trace the lives and experiences of a handful of people during the timeframe of about 3 months before to 3 months after a grid-down situation…
If you’ve made it to the end of this contemplation and have got something out of my writing, please consider ordering the trilogy of my ‘fictional’ novel series, Olduvai (PDF files; only $9.99 Canadian), via my website — the ‘profits’ of which help me to keep my internet presence alive and first book available in print (and is available via various online retailers). Encouraging others to read my work is also much appreciated.
The following contemplation shares my thoughts/response to The Honest Sorcerer’s latest article (another very worthwhile read) regarding the diminishing returns being increasingly encountered by non-renewable, renewable energy-harvesting technologies (aka ‘renewables’) — and, yes, I am still plugging away at the Energy Series (Part 1; Part 2) I began as I organise a Food Gardening Guild within my local community, the response to which has been great!
The material and environmental ‘blindness’ to the situation you describe so well seems, at least for the masses, mostly due to attempts to reduce the stress of the cognitive dissonance created by the contradictory information we are exposed to — on the one hand we have increasing numbers of ecologists/biologists warning about the perils of our unchecked growth, finite resource use, and the increasingly negative consequences of these practices; while on the other hand, we have our politicians/industrialists/economists weaving stories about salvation and continued prosperity mostly via the shifting of energy sources and associated products (their motivations being self-serving and that I have written about repeatedly).
These denial-/bargaining-based narratives around a ‘green’ energy transition must be overcome to allow us to see/comprehend the fundamental predicament we have on our hands — ecological overshoot — before any ‘progress’ can be made towards mitigating some of the inevitable consequences we will increasingly encounter as various systems break down (both human-contrived and natural). Without seeing and understanding this predicament we will not, except perhaps in some few local and lucky ‘safe havens’, be able to mitigate at least some of the fallout of the coming storm.
The problem with predicaments of course is that they have no solutions, only consequences, and human complex societies tend to be problem-solving organisations (see archaeologist Joseph Tainter’s thesis in The Collapse of Complex Societies[1]). And this problem-solving orientation of large, complex societies has served humanity well during its last 10,000 or so years, so it seems next to impossible to counter this ingrained/enculturated belief that we can ‘solve’ any issue thrown down in front of us — most recently by throwing gargantuan amounts of fiat currency and/or complex technology at it. Toss on top of this long-term belief system the tendency of our ruling caste to leverage crises to their personal advantage and our dilemma becomes increasingly ‘wicked’; in fact, it becomes next to impossible to see clearly for a variety of reasons (mostly psychological in nature; e.g., deference to ‘authority’, groupthink, cognitive dissonance reduction).
Perhaps one aspect of the issue is that we tend to interpret the world partially through our perceived position on Maslow’s hierarchy of needs[2]. Or at least through a lens that impacts our perceived risk of needs. If we believe our more basic needs are at risk, we focus upon the risk factors located there (e.g., predicament of overshoot, resource scarcity, etc.) whereas those who are in denial of/blind to those risks are concentrating on the needs to be met further along the hierarchy (e.g., achievement, prestige, growth, play, etc.) and hold out that since their basic needs are being met satisfactorily (at least for now) they are not at risk and ‘higher’ needs should be one’s focus.
Maslow’s Hierarchy of Needs
As well, It seems next to impossible to counter ruling caste propaganda regarding a renewable energy-based transition to ‘sustainability’ in balance with ecological systems (all while pursuing growth), especially if they serve to instill hope (falsely-based in my opinion) and promises of continuing prosperity/security/etc.. And while some accuse ‘doubters’ of this grand narrative of being fossil fuel-industry shills, ‘doomers’, and/or — God forbid — ‘conspiracy theorists’, the truth of the matter appears to be that we are living during the time of a significant ‘phase transition’[3]. Such eras tend to be a time of competing narratives, confusion, grieving, and even despair for some.
Phase transitions are an interesting phenomenon, particularly in societal settings (an area I think I need to explore further for better understanding). There is growing research/academic study upon them, especially in the realm of transitioning to a ‘sustainable’ society[4]. It seems all of what I read in my brief look into the subject was oriented towards understanding how to shift societal ‘thinking’ towards the acceptance of a ‘sustainable’ future. There is even an entire journal dedicated to this[5]. Of course, the mainstream future being propagated by the ruling caste can be seen in much of this work: technological solutions and the concomitant uptake of new industrial products, and governing shifts that centralise power.
Regardless of the orientation of this research, the important thing to understand about phase transitions is how ‘quickly’ they can occur and how unpredictable they are. My introduction to the topic was during my research for my first novel when I came upon the topic of the Abelian sandpile model[6] and self-organised criticality[7]. Basically, the sandpile model shows why complex systems cannot be predicted and their ‘collapse’ can occur quickly, without warning.
Here are two passages from texts I read while researching for my ‘fictional’ writing that brought this to the forefront of my thinking:
First, from David G. Green’s 2014 book Of Ants and Men: The Unexpected Side Effects of Complexity in Society[8]:
The history of human civilization is, in large measure, a story of the human quest for control. After thousands of years of civilization, we think that we control the environment in which we live. We begin to think that we control the natural world. We might even fool ourselves into thinking that we control human nature. Modern society is built on the assumption of control. Yet, as the terror of the New York blackout shows, chaos all too easily bursts forth, reminding us how flimsy the illusion of control really is.
The root cause of much of the chaos that besets us is complexity, sheer complexity. From complex webs of interactions, chaos emerges. It is complexity that leads to unexpected problems, that turns order into chaos. As much as anything, the New York blackout, like most accidents and breakdowns, was a result of complexity. The power system did have backups and safeguards built in. But no one had anticipated that the network could suffer a cascade of failures of the kind that occurred. Nor could anyone anticipate the mayhem that would ensue when power failed on such a large scale for such a long period. This does not mean that the planners were incompetent; there are just so many possible ways that the system could behave, it is not possible to anticipate and plan for all contingencies.
Second, from a 2003 Corey Lofdahl paper, On the Confounding of Overshoot and Collapse Predictions by Economic Dynamics[9]:
The ability to predict when a system will ‘collapse’ is possible if it is understood when the underlying, foundational resources will exhaust themselves…The best that can be said…is that entropy decreases as the system moves towards its natural limit. The system becomes more likely to collapse, but it is impossible to say exactly when…the larger the resource base, the larger the overshoot and the more postponed the collapse…
[G]rowth can continue for far longer than seems possible to somebody who recognizes the systems’ eventual unsustainability and foresees limitation and collapse…The strongest statement that can be made is that as growth continues, the likelihood of system limitation and collapse increases. For the individual, the growth dynamic can prove so overwhelming that the possibility of collapse begins to seem unlikely and remote as naysayers are continually proven wrong…[However,] the actual likelihood of collapse grows ever larger, while for those under its thrall, the possibility of collapse grows ever more distant. When the system eventually collapses, it does so suddenly, dramatically, and unexpectedly.
The evidence is accumulating that a phase transition is fast approaching for the human species. When it occurs and how quickly it completes its shift is completely unpredictable, which is why it will be a Black Swan event[10] for the vast majority of people. The best preparation for this transition that cannot be avoided will not be to put the remainder of our diminishing resources — especially energy — towards more technologies and complexities, but the exact opposite. We need to be pursuing a ‘Great Simplification’[11], decommissioning those complexities that pose great risk for future generations, abandoning our cherished dreams of infinite growth on a finite planet, and accepting that the future is not going to be one as laid out by our ‘leaders’ and such fictional narratives as Star Trek — not even close.
Attempting to relocalise all those truly important resources (potable water procurement, food production, shelter needs for the local climate) as much as is possible is where I will be putting my energy and resources…as well as getting my community to try and do the same.
“Our current banking system is not free market capitalism.”
Suppose you bring a fur coat to a dry cleaner and later discover that the owner allowed his wife to wear it before cleaning it (an episode from Seinfeld). Or suppose you gave your car keys to a hotel valet and was told he lent your car to teenagers who took it for a joyride while you were sleeping at the hotel. You would not be too happy and for good reason. When you surrendered your clothes or your car keys, it was a bailment. You retained ownership and gave the clothes or car keys for safekeeping. In no shape or form did you surrender ownership of the items or lend out your property.
Suppose you lived in the eighteenth century and had a hundred ounces of gold. It’s heavy, and you do not live in a safe neighborhood, so you decide to bring it to a goldsmith for safekeeping. In exchange for this gold, the goldsmith gives you ten tickets on which are clearly marked as claims against a total of ten ounces. Now, gold is heavy and burdensome to carry, so in a short period of time, those claims will start circulating in place of gold. This is the creation of near monies. This doesn’t mean you have given up your ownership claims on gold but have instead used a simpler way of transferring ownership on this gold.
Of course, the gold now just sits in the vault, and no one usually comes to get some of it or even checks that it is still there. Quickly, the goldsmith realizes there is an easy, fraudulent way to get rich: just lend out the gold to someone else by creating another ten tickets…
…click on the above link to read the rest of the article…
Today’s Contemplation: And Now For Something Completely Different, Part 3
January 7, 2023 (original posting date)
Common Grackle Fledgling, Whitchurch-Stouffville. (2022) Photo by author.
While I take a break from my self-indulgent Contemplation posts and specifically the energy series I began (see here for Part 1, Part 2), here is the third installment of chapters from the fourth book in my fictional novel series (that stalled a few years ago but have ready). I will continue to share some of these over the next little while. Here are the links to PDF files of Chapter 1, Chapter 2, and now Chapter 3.
Today’s Contemplation: And Now For Something Completely Different, Part 2
January 4, 2023 (original posting date)
Going to ‘try’ and take a bit of a break from my self-indulgent Contemplation posts and specifically the energy series I began (see here for Part 1, Part 2). I do attempt to take time to reflect upon and do additional reading when I’m in ‘the writing zone’ so it takes some significant personal time and energy, that I tend to have more of during the Canadian winter months when my food gardening chores are on hold.
The break is to pursue some ‘action’ on my part — something I am attempting to do more of. I am initiating a Food Gardener’s Guild in my local community and wish to put my energies into that for the next week or more (in between my hockey playing). I threw the idea out this morning to local residents on our community’s Facebook group and got a resounding positive response in the first hour or so.
In light of this, I will be devoting some time to trying to get this off the ground.
However, having written a few chapters in the fourth book of my fictional novel series (that stalled a few years ago but have ready), I will share some of these over the next little while. Here are the links to PDF files of Chapter 1 (shared a few days ago), and now Chapter 2.
Another brief contemplation this morning that I put together in response to a post that appeared on a Facebook Group I help to administer. One of our moderators works diligently within the ‘system’ in an attempt to persuade some of the ruling caste to embrace degrowth strategies. While a very noble endeavour, we disagree on the ability of this to bring about meaningful changes.
She posted the following introduction to the image below:
“This is a quote from a friend with an exceptionally high IQ, he has encouraged me ever since I started my Degrowth divining efforts. His Twitter feed is both fascinating and thought provoking, look for JamesCMorrow; he is an expert in Nudge theory and he assures me that the paradigm shift to a united aspiration for altruistic Degrowth is already well underway. Your feedback on the idea expressed in the image below is invited.”
My feedback:
While a lovely sentiment that many will certainly grasp onto and embrace in their attempts to reduce anxiety-provoking thoughts, the harsh reality is that we are probably far too deeply into ecological overshoot that even if we reach a tipping point in the population whereby a cooperative (and agreed upon — the truly difficult (unachievable?) part) mentality sweeps the planet — and not one the ruling caste develops/implements since their plans are always simply a leveraging of crises to control/expand their positions of power and prestige, despite the constant propaganda/marketing that what they do is for the benefits of the hoi polloi — the fact is we are in a predicament that can only be mitigated, not solved (not even, as some argue, if we were to experience an even more drastic population reduction than the 50% as was Thanos’s plan in the Marvel Comics Universe movies).
We have painted ourselves into a corner from which there appears no escape (as I would argue most evidence suggests). Rather than focus our energies (and resources) on unattainable ‘enlightenment’, I’d prefer to see — while we have the quickly diminishing resources — a decommissioning of the dangerous complexities we’ve created (e.g., nuclear power plants and their waste products; biosafety labs and their pathogens; chemical production and storage facilities and their toxins; armament factories and their weapons; etc.) and a concerted effort to push self-sufficiency based upon local and truly renewable resources for as many as possible to help them weather the coming storm. Unfortunately, I no more see this coming down the pike than global cooperation — apart from a few small communities pursuing self-reliance.
Whether any of humanity makes it out the other side of the ecological bottleneck we’ve created is in all likelihood well out of our hands for the biogeochemical limits, physical laws, and biological principles will always, in the end, trump human ‘ingenuity’, ‘technology’, and ‘cooperation’ — especially if the last 10,000 years of our existence is any indication. Human societies grow, increase in complexity, over-exploit their surroundings, encounter significant diminishing returns on their investments in complexity, then eventually (and always) decline and perish. This time, however, this recurrent phenomenon is global in nature — thank you fossil fuels.
We do not and have never stood apart from, outside of, or above the biosphere and its biophysical nature (especially the limits imposed by a finite planet), no matter how much we would like to believe or wish otherwise. For as Guy McPherson has argued: Nature bats last. And nature’s method for rebalancing a species that has shot well past its natural environmental carrying capacity and the waste products produced from its expansion and existence cannot, no matter how much we’d like, be avoided or put off indefinitely. The piper must always and eventually be paid, and s/he is getting ever closer…
As I continue to work on my multipart contemplation regarding our energy future (Part 1; Part 2), thought I would throw out this ‘brief’ one that shares my comment on the most recent post by The Honest Sorcerer, whose writing in general continues to parallel my own (probably not surprising given the increasing evidence regarding the trends in the topic(s) we discuss).
Great article. As the saying goes: it’s difficult to make predictions, especially about the future[1]. We mostly look at current trends and extrapolate them into the future, believing that tomorrow will unfold much like today — and we do this for pretty sound reasons but mostly because our primate brains have extreme difficulty comprehending complex systems and their nonlinear feedback loops and emergent phenomena. In a time of flux/chaos/transition, such an approach is not always such a good strategy — to say little about all the Black Swans circling overhead[2].
One of the places I default to when hoping to give some certainty to the future (something homo sapiens strongly desire[3]) is the past. This is likely because of my ‘brief’ educational background and work in pre/history (aka archaeology)[4].
While technology has dramatically changed some aspects of how we re/act (i.e., adapt) to our changing environment through our problem-solving abilities, we tend to follow a similar path to our distant ancestors by way of leveraging our tools and ingenuity to help us survive and adapt (agriculture being perhaps the big one that resulted in food surpluses, sedentary lifestyles, exponentially increasing populations, and eventually organizational structures that led to differential access to resources, sociopolitical complexity and, perhaps finally, territorial competition[5]); but these solely human abilities can only take us so far in a world of biogeochemical limits — particularly when the energy required to sustain all our complexities have encountered significant diminishing returns and resulted in catastrophic ecological systems breakdown.
Mix in cognitive and social psychology, biological principles, and physical limits and laws, and we humans can more or less get a better picture of the path(s) we are likely to take in our societal evolutionary journey. One only need review the business-as-usual scenario painted by Meadows et al. in The Limits to Growth for a fairly accurate longer-term prediction of how a world with hard limits will unfold[6].
Based upon all previous experiments with complex societies over the past ten millennia or so, ‘collapse’ appears unavoidable. This decline in complexity (which is what ‘collapse’ is when one gets right down to it and ignores all the emotional baggage we’ve tied to the term) manifests itself in less; less in terms of: social differentiation/stratification; occupational specialization; centralised control by political elite; behavioural control/regimentation; investment in the epiphenomena of complexity — i.e., monumental architecture, artistic and literary development; flow of information between groups; sharing, trading and redistribution of resources; and, coordination between polities[7]. This is a simplification (or Great Simplification as Nate Hagens has termed it[8]) of our adaptive complexities, something that likely would have happened much sooner had we not leveraged fossil fuels to hyper-complexify human adaptations and extend/expand — temporarily — the planet’s carrying capacity for homo sapiens.
Given how far we’ve overshot our natural environmental carrying capacity and consequently degraded our much needed environments and ecological systems — and overexploited virtually every corner of our planet — this inevitable simplification may actually end up being even more dramatic than previous experiments as Catton has pointed out in Overshoot[9].
The journey to this endgame of a substantially simpler future is sure to be the hard part. Increasing geopolitical tensions between competing polities for scarcer resources is sure to occur. Concomitantly, the ruling caste is certain to tighten their grip on their domestic populations by way of authoritarian tendencies (e.g., behavioural and narrative control via increased mass surveillance, militarisation of police, media influence). We are going to witness a continuing breakdown of ecological systems and environmental degradation yet be told these are temporary or reflective of ‘natural’ change. Our Ponzi-type financial/monetary/economic systems are going to be further manipulated from their current highly-manipulated states and any ‘temporary’ deviations from the economy-is-great narrative will be blamed on some evil ‘other’ rather than our own ruling caste and their ongoing machinations.
Like the story about being able to boil a frog alive because of minute temperature changes that go unnoticed, we may miss the little steps that take us to an entirely different world than the one we currently exist within and accept that everything is ‘normal’ despite evidence to the contrary. The ruling caste has learned to be quite adept in manipulating our beliefs about life and their abilities to ‘protect’ us.
All of this said, the future is both unknowable and unpredictable. It will hold many surprises, particularly for the vast majority of people who are just struggling to get through another day/week/year and tend to defer to the ‘authority’ figures that promise them this, that, and everything…
[4] Although my career was in education, I spent a handful of years in university studying and practising archaeology — graduating with a Master of Arts in the subject.
Named after American economist Hyman Minsky, the idea behind a Minsky moment is that a financial markets crisis (especially in credit markets) is caused by a sudden and systemic collapse in asset prices, usually after a sustained period of speculative investment, excessive borrowing, and widespread financial risk taking. In other words, it’s the moment when the music stops playing, investors stop buying, and the Ponzi game ends abruptly. It’s a hard crash.
America may be on the brink of its Minsky moment.
This process, which moves from slowly, slowly, to suddenly and now, goes back decades.
The confrontation with reality that was required to put America’s economic house back in order after the global financial crisis of 2008–09 was deferred to a later date by politicians, central bankers, and government officials alike, presumably when they would no longer be around.
Instead of taking the painful but necessary steps of liquidation—i.e., allowing more over-levered and risk-heavy banks and financial firms to fail, and for the economy to take the short-term pain, then move on—the U.S. government and the Federal Reserve kicked the can down the road by massive money-supply expansion and unproductive government spending.
The same playbook from the financial crisis (i.e., money printing and fiscal excess) was used again in 2020 in response to the pandemic. As the monetary authorities had but one instrument in their toolbox—the blunt-force cudgel of money-supply growth—it was the go-to solution.
As the saying goes, when the only tool available is a hammer, every problem looks like a nail. In both instances—the financial crisis and COVID periods), the U.S. Congress went on a massive spending spree, not realizing (or, as political animals with short time horizons, not caring) that excess and repeated deficit spending, and the debt creation needed to fund it, would eventually spiral out of control and doom future generations.
The federal debt has been recently increasing by $1 trillion every 100 days. That’s $10 billion per day, $416 million per hour.
In fact, Uncle Sam’s debt has risen by $470 billion in the first two months of this year to $34.5 trillion and is on pace to surpass $35 trillion in a little over a month, $37 trillion well before year’s end, and $40 trillion some time in 2025. That’s about two years ahead of the current CBO (Congressional Budget Office) forecast.
On the current path, moreover, the public debt will reach $60 trillion by the end of the 10-year budget window. But even that depends upon the CBO’s latest iteration of Rosy Scenario, which envisions no recession ever again, just 2% inflation as far as the eye can see and real interest rates of barely 1%. And that’s to say nothing of the trillions in phony spending cuts and out-year tax increases that are built into the CBO baseline but which Congress will never actually allow to materialize.
So when it comes to the projection that the 2034 debt will come in at just $60 trillion, we’ll take the wonders any day of the week. The fact that it will likely be much higher also means that the Washington UniParty’s prevailing fiscal policy path will lead to $100 trillion of public debt sometime in the early 2040s. And that means, in turn, that annual interest expense will then be greater than the entire federal budget during 2019.
Needless to say, neither Trump nor Biden has said, “Boo,” about this looming calamity. Sleepy Joe has even had the audacity to brag that he has reduced the federal deficit by more than half.
…click on the above link to read the rest of the article…
Today’s Contemplation: And Now For Something Completely Different…
January 1, 2023 (original posting date)
A corner of our property after a typical February snowstorm.
As I work upon the multi-part series regarding my thoughts on our energy future, thought I would throw together something a little different for this initial contemplation of 2023.
My journey down the rabbit’s hole of Peak Oil and related energy/societal issues began more than a decade ago after watching the documentary Collapse featuring the late Michael Ruppert. The information presented seemed to mesh closely with my educational background in biology and archaeology — particularly the rise and fall of complex societies. My thinking about virtually everything shifted significantly shortly afterward. The typical Kubler-Ross grieving process was followed with much denial, bargaining, and anger until I finally reached acceptance and really began to explore ways to better understand our predicament and to help others along that road as well.
The first method of talking to people about my appreciation/understanding of what we were facing did not go very well, perhaps because I was still overly ‘enthusiastic’ about my ‘discovery/enlightenment’. It took a while but I’ve learned to mostly reign in that ‘preaching’ tendency and offer ‘insights’ only if asked directly or the topic has been raised by others. My understanding of things still doesn’t sit well with most people, but I have grown to appreciate why — we have a host of cognitive/psychological mechanisms that keep us from holding anxiety-provoking thoughts for very long, if at all.
The second way I dealt with my new perspective was more cathartic in nature. I have always enjoyed writing. I’ve found it a pleasing and somewhat more precise method to both explain my understanding of our world and work out this understanding by way of the feedback I receive and reflection upon it (primarily during the process as I edit and rework the wording for greater clarity). Speaking — particularly in public venues — is not something I find that I can do with much confidence or clarity, although others tell me I do fine (I did, after all, spend 25 years in a career that demanded lots of it and pursue some voluntary leadership positions that required it). Writing is my chosen and preferred method of communication outside of my immediate circle of family and a couple of close friends/acquaintances. I leave it up to readers to conclude whether I do it well or not.
Anyways, I thought I would share some fictional prose. It is a chapter I wrote some years ago as I began putting together Olduvai IV: Courage, a follow-up to my first three novels. Writing on this book has come to a stop for a variety of reasons, mostly because I lost the motivation to continue it as I transitioned into non-fictional writing and have begun to enjoy it and I have grown to believe I need to be ‘acting’ on my altered belief system rather than simply thinking/reflecting upon it so have put much greater effort into personal actions — especially as it comes to learning about and practising food production.
Please keep in mind that this was written at least 6 years ago before some of the chaos of the last few years occurred and when my understanding was different than now, which is pertinent since I attempted to weave current events into my story and many of my ‘predictions’ of what might take place in an unknowable future are completely off the mark — such is the difficulty of making predictions, especially if they are about the future!
I may, depending upon feedback, share the other chapters I’ve already written (or mostly written) in the future. Difficult to predict…
A brief contemplation that shares my comment on the latest post by The Honest Sorcerer regarding the recent fusion energy ‘breakthrough’ that has been making the rounds on many media sites. My current ‘bias’, given my last post, has me viewing this particular topic in a focused way that I outline below.
You’ve hit the nail on the head of the dominant narrative and mass magical thinking that goes on in our world around notions of limitless and ‘clean’ energy: given time (and funding/resources), our human ingenuity and technological prowess can ‘solve’ any problem thrown our way. Limits imposed by our existence on a finite planet are minuscule compared to our unfettered imaginations and abilities provided by our opposable thumbs. Finite limits? Meh. Ecological destruction? Who cares. Global collapse? Nothing to see, look over here…
And you ask a pertinent question: “Who in their sane minds approved the budget for all this?!”
I think energy analyst Art Berman highlights the nefarious actors that have done just this (see here). As he argues, not only are the claims about the ‘breakthrough’ a big nothing burger (since the energy-return-on-investment is about 0.005, or basically zero) but the announcement just happened to coincide with an announcement by the U.S. Congress to fund to the tune of $624 million this type of research.
Given the ties to the military that lay in the shadows of the event and the media propaganda about this fusion energy ‘miracle’ that ignores this connection, we should all be asking some hard, critical questions. Like: is this all just a form of ‘money laundering’ by the government to divert funding in a roundabout way to its military while marketing it as ‘energy research’; and, is this just a funnelling of wealth to the elite that own/control the industries necessary to carry out the work? (Questions that should also be asked about the billions (if not trillions) of dollars heading to Ukraine, NATO, various military and quasi-military establishments around the globe; as well as all the other ‘clean/green’ energy research and industries.)
This certainly plays into one of the themes I’ve been writing about: the actions of our ruling caste is driven by the primary goal of controlling/expanding the wealth-generation/-extraction systems that provide their revenue streams and thus positions of power and prestige. Having control (or at minimum overriding influence) of the politicians/government aids this immensely.
Mix this up with the competition between polities that occurs (and is discussed by archaeologist Joseph Tainter in The Collapse of Complex Societies; and that I have just written about here) and one can well imagine the shenanigans that goes on amongst politicians (i.e., those allocating a society’s resources in the name of ‘citizen prosperity’), industrialists (i.e., those that ‘own’ the needed industries and resources), and the media (i.e., those that own the propaganda machinery and guide/influence societal narratives) to fund ‘research’ (especially military-oriented) and other wealth-extraction/-generation systems in the name of citizen welfare.
But let’s be frank, the ruling caste cares not one iota for the hoi polloi or the ecological systems destruction this pursuit is causing. Their concern is to maintain the rigged game with them at the apex of the pyramid (an apt description given the entire scheme is little more than a gargantuan Ponzi-like structure predicated upon infinite growth on a finite planet). And as Tainter concludes regarding the peer polity competition that arises as an epiphenomenon of this:
“Collapse, if and when it comes again, will this time be global. No longer can any individual nation collapse. World civilization will disintegrate as a whole. Competitors who evolve as peers collapse in like manner.”
A previously secret (and still heavily redacted) RCMP report warns the Canadian government to expect civil unrest once citizens realize how totally screwed the economic situation is, the National Post reports.
“The coming period of recession will … accelerate the decline in living standards that the younger generations have already witnessed compared to earlier generations,” reads the “Whole-of-Government Five-Year Trends’ report for Canada- of which the aforementioned heavily redacted version was made public thanks to an ‘access of information’ request filed by Matt Malone, an assistant professor of law at British Columbia’s Thompson Rivers University, and an expert in government secrecy.
“For example, many Canadians under 35 are unlikely ever to be able to buy a place to live,” the report continues.
According to the report, labeled as “special operational information” and originally intended to be distributed only within the RCMP and among “decision makers” in the federal government, trends are in motion “that could have a significant effect on the Canadian government and the RCMP.”
The authors warn that Canada’s current situation “will probably deteriorate further in the next five years,” and that in addition to worsening living standards, Canada faces unpredictable seasonal catastrophes, including wildfires and flooding.
Another major theme of the report is that Canadians are set to become increasingly disillusioned with their government, which authors mostly chalk up to “misinformation,” “conspiracy theories” and “paranoia.” -National Post
“Law enforcement should expect continuing social and political polarization fueled by misinformation campaigns and an increasing mistrust for all democratic institutions,” reads one of the report’s “overarching considerations,” the Post reports.
“Erosion of Trust”
“The past seven years have seen marked social and political polarization in the Western world,” reads part of the first sentence of a heavily redacted section, entitled “erosion of trust,” with the remainder deleted by government censors – who also eliminated most of a section warning about “paranoid populism.”
…click on the above link to read the rest of the article…
Every week, usually once or twice, I sit down to put onto paper my thoughts about the market. And every week, my disgust not only for the rigged system that encompasses our equity markets, but also for the sound of my own whining, grows exponentially.
When I sit down to perfunctorily prattle on about how nothing makes sense and how I constantly see things the polar opposite of 99% of everybody else in the world of finance every week, I usually wonder two things.
First, I wonder whether or not today will finally be the day that I capitulate, get bullish on the stock market, and start bowing religiously to a statue of Stephanie Kelton.
“I should know, I’ve followed a few!” – Arthur
After all, the incessant price moves higher in Bitcoin are part of what triggered me to eventually reassess my thought process on the cryptocurrency. And even though I got bullish for reasons other than price, why couldn’t the same happen with equities?
Second, I try to conceptualize exactly how fast the universe can, and will, make a total ass out of me by crashing markets 50% in 15 minutes in the days, hours, minutes, or probably even seconds after I’d have such a shift in sentiment.
Which is why, like the Black Knight in Monty Python and the Holy Grail, I will continue to forge forward, exasperated, regardless of the inconvenient fact that I have no arms or legs left. But don’t let anybody ever tell you that my spirit was easy to break.
“The Black Knight always triumphs!”
…click on the above link to read the rest of the article…
