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It’s Not About Saving the Planet, It’s the Big Daddy We Need To Look For

It’s Not About Saving the Planet, It’s the Big Daddy We Need To Look For

Saving the Planet
Don’t tell Greta, but the hits keep coming for wind projects…

For perspective, $4 billion equals about 28 billion DKK. Orsted’s equity is 76 billion DKK, so that $4 billion hit is equivalent to some 37% of its market cap. How the hell did they get it that wrong? Perhaps we can just put it down to delusional expectations that pervaded in the wind industry and still pervade today.

Remember: your energy bills have skyrocketed in order to subsidise bird-killing wind turbines that don’t work. You may think it’s just silly and those pushing this agenda are simply delusional, but this is actually part of the Net Zero agenda to deliberately deindustrialise (and thereby impoverish) the West, while China and other countries unashamedly continue to capitalise on the huge economic prosperity afforded by the use of fossil fuels.

None of this has anything to do with saving the planet, and everything to do with demolishing our standard of living, demolishing our economic prosperity and transforming the former middle class into a neo-feudal peasant class.

  • From Wall Street Silver: “Net Zero was never viable. It is impossible to completely remove CO2 from our energy needs and overall economy. Politicians are just now beginning to realize that. Just about every modern technology requires oil, natural gas and/or coal in order to function. Many of the metals required need to be mined and new deposits are often remote with no access to the electric grid.”
  • Then there’s this from The Travelling Scientist: “The Paris accord interestingly promotes “non-fossil biocarbon-based” CO2 sources as being okay and counts towards net zero… so cutting trees and burning wood is no problem to the regulators, and becoming ever more popular to meet regulations companies are even patting themselves on their backs in their quarterly reports for doing so.”

…click on the above link to read the rest…

Today’s Contemplation: Collapse Cometh XXXII–Greenwashing, Fiat Currency, and Narrative Management: More On Climate Change and Elite Confabs


Today’s Contemplation: Collapse Cometh XXXII

November 6, 2021

Tulum, Mexico (1986) Photo by author

Greenwashing, Fiat Currency, and Narrative Management: More On Climate Change and Elite Confabs

Today’s missive was motivated by a former student’s (and eventual colleague) question regarding a Facebook Post I made regarding COP-26.

Here’s what I posted:


COP-26. Be aware…

These elite confabs are not about climate, except to leverage the fear factor over it to meet the primary concern of the ruling class: control/expansion of the wealth-generating systems that provide their revenue streams. It’s additionally a marketing expo for ‘green’ energy products; a mechanism for helping to steer the mainstream narratives; and a justification for further enrichment of the elite via massive expansion of fake fiat currency.

It is not about saving the planet.


And here is the comment I am responding to:


The greenwashing of society is ridiculous. People continuing to buy useless things they don’t need that will not help the environment and now feeling good about draining their own pockets. The elite lining their pockets and masterminding it all. Curious, what do you mean by fake flat currency?


My response to Michelle:


Thanks for the question. It has motivated me to write a rather lengthy response that I have ‘published’ with my ongoing ‘series’ on Medium. You can find it below:


Basically, the currency we use is supposed to carry with it a number of ‘qualities’: use as a medium of exchange; a measure of ‘wealth’; and, a store of ‘value’. As with virtually everything the ruling class touches, our ‘fiat’ currency has become a tool of control and wealth extraction through its creation and distribution mechanisms (just another in a long line of examples that have lead me to believe that the primary motivation of our ruling class is the control/expansion of the wealth-generating systems that provide their revenue streams; everything they do seems to serve this purpose in one way or another).

Our ‘money’ has always been problematic in the ability to be manipulated, but became even more exploitive in nature once removed from its tie to physical commodities, such as gold and silver, that served to constrain somewhat the level of abuse — thanks Richard Nixon and fellow politicians of the time. Since then, money (with the aid of the monetary policies of our central banks) has been able to be created from thin air in staggering amounts. This exponential growth in currency destroys it as a store of ‘value’ — the quality that most significantly impacts the ‘average’ user.

The term inflation actually refers to this growth in currency but has been twisted (as language often is by the-powers-that-be, think about the notion of ‘clean/green’ energy and the greenwashing that has and is occurring) to represent something ‘beneficial’ when it is for the ‘average’ person actually quite detrimental (classic Orwellian doublespeak). When the term inflation is now used it usually refers to the increase in the price of consumer products, and those running the fiat currency system market this price increase as beneficial to the economy and pursue it believing they can control it and its consequences (the belief that one can control/predict a complex system is perhaps one of humanity’s greatest shortcomings).

In reality, this currency expansion is primarily beneficial to the creators and distributors of money, and those first in line to receive this newly ‘minted’ money — usually governments and wealthy elite who can more or less avoid the impact of price inflation by getting access early, thus the lack of resistance by governments and large businesses to reign it in; to say little about the banking system that creates the currency and then charges interest on its product made from nothing. Once this flood of currency filters down to the ‘average’ person, its ‘value’ has decreased significantly because of consumer price inflation (what we witness as a loss of purchasing power — which of course is drastically underreported by the government institutions that ‘measure’ it; primarily because of the way they manipulate the statistics with the actual price increases people experience multiple times higher than the value reported and broadly regurgitated by the uncritical establishment media).

The issue is far more complex and convoluted than I could summarise in a few paragraphs, and I am sharing my ever-changing view based on relatively limited reading and experience. There are a myriad of books written about the subject.

And I haven’t even touched on the ‘narrative managers’ (academics, private economists, government bureaucrats, journalists, etc.) that steer the public perceptions of this gargantuan scam for that is what our monetary/financial systems have become (and thus our entire economic system): they have morphed into the largest Ponzi scheme ever created. In fact, we have entered a time where without constant growth (thus exponential in nature) the entire scheme collapses — the classic definition of a Ponzi scheme, one in which we are all embroiled.

For a long time, the growth needed to ‘fuel’ our economic system was provided by our exploitation of the planet and its relatively preserved and seemingly limitless resources. That changed, however, as we began encountering diminishing returns on our investments. For the past 50 years or so this growth has been predicated upon the expansion of debt/credit (i.e., fiat currency creation) and has, unfortunately, entered a very dangerous territory where debt repayments are exceeding people’s ability to even pay for their interest, let alone principal. To say little about the fact that debt/credit is in essence stealing from the future in the form of claims on future resources (especially energy) that are not only increasingly difficult to procure but in many cases don’t or won’t exist in the future because we live on a finite planet.

Our ‘prosperity/wealth/growth’, therefore, is in a sense all ‘fake’. A Potemkin village if you will. It appears solid and real on the surface but behind the façade is nothing but the ‘promises’ of our feckless ‘leaders’ — and we should, by now, know how much integrity these class of people have and how much of the ‘truth’ they spew. Zero, except perhaps some kernel of it that can be manipulated and leveraged to their advantage.

Today’s Contemplation: Collapse Cometh XXXI–Beware the Snake Oil Salesmen: Climate Change and Elite Confabs

Today’s Contemplation: Collapse Cometh XXXI

November 2, 2021

Tulum, Mexico (1986) Photo by author

Beware the Snake Oil Salesmen: Climate Change and Elite Confabs

So, dozens of political leaders, their hundreds of staff, multitudes of corporate leaders, and who knows how many ‘celebrities’ have all gathered in Glasgow, Scotland for an elite confab (#26) to discuss the ‘Climate Crisis’. Heaven knows how many resources have been extracted and pollutants dispersed in this latest political theatre (mostly? all? at taxpayer expense). The irony is not lost on many, except perhaps much of the mainstream media that tends to simply regurgitate political media releases and share simplistic narratives for exceedingly complex issues — it is indeed difficult to get someone to understand something if their income depends on them not understanding it.

So, dozens of political leaders, their hundreds of staff, multitudes of corporate leaders, and who knows how many ‘celebrities’ have all gathered in Glasgow, Scotland for an elite confab (#26) to discuss the ‘Climate Crisis’. Heaven knows how many resources have been extracted and pollutants dispersed in this latest political theatre (mostly? all? at taxpayer expense). The irony is not lost on many, except perhaps much of the mainstream media that tends to simply regurgitate political media releases and share simplistic narratives for exceedingly complex issues — it is indeed difficult to get someone to understand something if their income depends on them not understanding it.

Needless to say I expect little of substance to result from this event. In fact, I am increasingly seeing this event as an expo for marketing of ‘green/clean’ energy products (and making sure most? all? countries pursue purchasing them) that do not address our fundamental predicament — ecological overshoot — of which greenhouse gases is but one negative consequence (and not even the worst). And, of course, all of this provides the justification to create trillions of more dollars out of thin air (the debt held by a variety of the ruling class) that will be funnelled towards specific industries (owned by others of the ruling class) while doing little to reduce actual consumption or ecologically-destructive extraction industries.

This is increasingly looking not like a problem that can be solved but a predicament that may at best be mitigated on the margins. One of the most significant dilemmas, however, appears to be the ‘solutions’ that are being bandied about also appear to be the ones that will simply make the situation worse: increasing technology and complexities in the form of ‘renewables’.

The evidence is accumulating quickly that ‘renewables’ (which aren’t really because they require lots of non-renewable, finite resources in perpetuity) are neither ‘green’, nor ‘clean’, nor ‘sustainable’. They require the fossil fuel platform at every level of their production, maintenance, and after-life disposal, and depend upon a variety of rare-earth minerals whose procurement wreak havoc on the environment. The entire ‘renewable’ narrative is appearing more and more like a sham meant primarily to market products and support business as usual than do anything about reducing our ecological destruction and carbon footprint (and keep in mind that our current debt/credit-based monetary/economic/financial systems are all predicated on growth in perpetuity — they will most certainly collapse without it).

If we are not discussing significant degrowth, however (and we’re not because there’s no money to be made from it and the primary motivation of the ruling class, who control the mainstream narratives, is the control/expansion of the wealth-generating systems that provide their revenue streams), then it would seem we are just creating stories to sell more stuff and people tend to accept them readily because they reduce cognitive dissonance — we recognise we live on a finite planet and infinite growth is not possible (except through extreme magical, Cargo Cult-like thinking) but want to also believe that we can continue to live in our energy- and resource-intensive lifestyles uninterrupted and without significant sacrifice.

Basically, the snake oil salesmen of the world are, as they often (always?) do, leveraging our fear over a crisis (or crises) to enrich themselves mightily. We are being led to follow a path that actually exacerbates the predicament of overshoot rather than reduces the harm caused by us blowing past the biophysical limits imposed by a finite planet.

Sad on so many levels.

The First Signs of Civilization’s Collapse?

The First Signs of Civilization’s Collapse?

New Video Link! Sorry!

Draft script:

From Tom Dispatch on 17 August 2023 comes a story headlined Michael Klare, A World on the Edge of … Collapse? The article is short, and it introduces a much longer article by Michael Klare, professor emeritus of peace and world security studies at Hampshire College. I’ll read the complete introductory article by Tom Dispatch editor Tom Engelhardt:

“You can hardly turn on the TV news or go online these days without seeing… well, Donald Trump, of course, and his extreme version of American politics. Every indictment of him only seems to add to his strength in what’s no longer the Republican but the Trumpublican Party. Still, speaking of extremism (and disasters), I wouldn’t put him at the top of the list. This summer has offered us a scorchingly extreme version of climate change and a planet being burned, flooded, and melted in ever more unexpected and previously unimagined ways. Records are being set regularly with the year itself all too likely to take its place as the hottest ever — until, that is, next year on a planet where the last eight years have been the warmest in recorded history.

Oh, and if you happen to live on an island, here’s a little advice: get off it fast! Islands are going up in flames. Sardinia and Cyprus in the Mediterranean are now scorching messes and Hawaii’s Maui only recently became a first-class nightmare in which some residents had to plunge into the ocean to escape the flames. And if southern Europe, seemingly in an almost endless heatwave, continues to burn, northern Europe has been experiencing startlingly torrential rains and flooding.

…click on the above link to read the rest…

Confetti Dollar End of Ponzi Scheme – Bill Holter

Confetti Dollar End of Ponzi Scheme – Bill Holter

Precious metals expert and financial writer Bill Holter says the recent underreported announcement by the UBS CEO Sergio Ermotti in Switzerland that his bank might need a “rescue” is yet another sign on the short road to the end of the global Ponzi scheme backed by the US dollar reserve currency.  Holter points out, “You’ve got a sick bank (Credit Suisse) that is being bailed out by another bank (UBS) that may turn out to be sick.  My question is who is going to bail out these central banks?  You have got the Fed with a $9 trillion balance sheet.  The last time, the Fed went from $900 billion to $9 trillion.  Can the Fed now go from $9 trillion to $90 trillion?  Who is going to bail out the Fed?  Who is going to bail out the US Treasury?  Who is going to bail out the Bank of England, the ECB or the Bank of Japan?  These central banks have completely blown up their balance sheet and have no ability to save anything.  My question is who is going to save them?”

Can’t they cut interest rates again like they did in 2009?  Holter says, “If they cut interest rates from here, you would see the dollar absolutely crash.  The only reason the dollar has not crashed is interest rates have basically gone from 0% to 5%.   They have done that in a year and a half which is the fastest increase in interest rates in all of history.”

So, rate cuts will devalue the dollar.  Can you pay trillions of dollars borrowed in Treasury Bond back in confetti dollars?  Holter says, “Yes, you absolutely can pay back your debt in confetti.  It’s been done many, many times before as currencies get lost…

…click on the above link to read the rest…

Today’s Contemplation: Collapse Cometh CLXVII–The Future Ain’t What It Used to Be


Today’s Contemplation: Collapse Cometh CLXVII

Tulum, Mexico (1986). Photo by author.

The Future Ain’t What It Used to Be

Today’s Contemplation is my brief comment on an article posted on Facebook by Tristan Sykes of Just Collapse.

The article in question (short and concise) is an update of the World3 model used in creating the various scenarios in the 1972 The Limits to Growth study using the most recent empirical data.


While the authors make clear the uncertainty involved in a data’s trendline after it reaches its ‘tipping point’ (although one could argue there exists great uncertainty in any such modelling beyond the present; complex systems with their nonlinear feedback loops and emergent phenomena are impossible to map out with ‘perfect’ accuracy), the interesting — but not surprising — thing to note is that virtually all of these projections exhibit not just shifts of their peaks into the future but ‘higher highs’ followed by temporally-contracted declines (i.e., a quicker ‘collapse’) resulting in ‘lower lows’.

‘Deniers’ will argue this highlights the fallibility of ‘doom-based’ narratives’ and ‘bargainers’ will likely suggest this buys humanity more time to ‘mitigate/manage’ our predicament. But, perhaps, this merely points out how non-linear system-feedback loops behave.

As Donella Meadows argued in Thinking in Systems: A Primer: “…Delays that are too long cause damped, sustained or exploding oscillations, depending on how much too long. Overlong delays in a system with a threshold, a danger point, a range past which irreversible damage can occur, cause overshoot and collapse.”

The delays in these peaks that are projected are looking to allow us to go further into overshoot — providing fodder for those rationalising away our predicament — and most likely result in a ‘correction’ that will most certainly ‘dampen’ adaptive responses as the time to do so will be shorter. Such a situation may also possibly feed into further negative feedback loops as attempted adaptations could be quite maladaptive (as many (most? all?) have been the past few decades given the influence and direction of our societies’ wealth-extractors who are leveraging our predicament at every turn).

While it is indeed difficult to make predictions, especially if they’re about the future, overshoot and collapse remains the predicted ‘conclusion’ of this business-as-usual scenario, despite the uncertainty painted by the authors.

As the saying goes, the future ain’t what it used to be; it seems to be getting worse by the day…


Today’s Contemplation: Collapse Cometh LI–Cognition and Belief Systems: Part Two — Deference to Authority


Today’s Contemplation: Collapse Cometh LI

May 27, 2022

Monte Alban, Mexico (1988) Photo by author

Cognition and Belief Systems: Part Two — Deference to Authority

This contemplation is the second part of a look at several psychological mechanisms at play in our thinking about ecological overshoot and the accompanying societal ‘collapse’ that will eventually result. You can find Part One here.

In Part One, I briefly summarised four psychological mechanisms I’ve been reflecting upon in the context of ecological overshoot and in particular the collapse of our global, industrialised complex societies that will (or, as some argue, has already begun to) accompany this overshoot.

One of the primary considerations in understanding how our cognitions and thus our beliefs and behaviours are going to be affected by the unfolding of the consequences of ecological overshoot and the concomitant ‘collapse’ of our societies is the anxiety/stress that such a future (and present) is going to have (is having) upon us; personally, on a familial level, and on the broader societal scale. Contemplating an unknowable future that is unlikely to provide many of the energetic conveniences most currently depend upon and/or that will challenge our complex systems to the breaking point because of extreme weather events[1] or supply chain disruptions/breakdowns (especially food, water, energy), etc. can be exceedingly anxiety-provoking.

Mix these (and many other) psychological mechanisms in with Edward Thorndike’s Law of Effect — that postulates all animals have an innate motivation to avoid pain/seek pleasure[2] — and you have an animal whose sense-making abilities are leveraged by its mind to deny/ignore away evidence that challenges them and can cause painful, anxiety-provoking emotions (in fact, there appears to be neuroscientific support for this[3]). In response, we appear to employ all sorts of biases/rationalisations to support our belief systems (a ‘pleasurable’ sensation) regardless of disconfirming evidence (that can lead to painful/stressful emotions).


It’s long been recognised that complex societies[4] by their very nature become socially hierarchal in nature[5], with ‘power’ structures arising from the organisational requirements of living in large social groupings[6].

As archaeologist Joseph Tainter points out in The Collapse of Complex Societies[7]: where more complex political differentiation exists, permanent positions of authority/rank can exist in an ‘office’ that can be hereditary in nature; inequality becomes more pervasive; these groups tend to be larger and more densely populated; political organisation is larger, extending beyond local community; a political economy arises with rank having authority to direct labour and economic surpluses; and, with greater size comes a need for more social organisation that is less dependent upon kinship relations (ties that have historically constrained individual political ambitions).

Tainter goes on to point out that ‘States’ are characterized by their territorial organisation (i.e. membership determined by place of birth/residence). In addition, “a ruling authority monopolizes sovereignty and delegates all power”, with the ruling class being non-kinship-based professionals that hold a monopoly on force within the territory (e.g. taxes, laws, draft) and is validated by a state-wide ideology[8]. Maintaining territorial integrity becomes stressed and being more populated society becomes even more stratified and specialized, particularly with regard to occupation.

Further, complex states like their simpler societies must divert resources and activities to legitimizing authority in order for the political system to survive. While coercion can ensure some compliance, it is a more costly approach than moral validity. As a result states tend to focus on a symbolic and sacred ‘centre’ (necessarily independent of its various territorial parts), which is why they always have an official religion, linking leadership to the supernatural (which helps unify different groups/regions). When other avenues for retaining power arise, the need for such religious integration recedes — although not the sense of the sacred.

As social psychology has demonstrated, human deference/obedience to authority is a significant tendency. In a complex society that invariably develops hierarchical structures that facilitate organisation as it grows in size and complexity, this propensity can be — and pre/history shows it has been — leveraged by a society’s rulers to ensure efficiency but also to maintain compliance and control, regardless of its pursuit of ‘equality’ or ‘democratisation’[9].

I have the feeling that this deference to authority is perhaps one of the more problematic of human tendencies, especially as we glide down the Seneca Cliff of cheap resource availability (especially energy) and all the knock-on effects of this.

As Tainter further argues about complex societies, those at the top of human social hierarchies work hard to maintain their privileged position using coercion, moral validity, or a combination of the two. A ‘moral’ validation is developed by creating a narrative that the status/authority of the ruling elite is due to their directly descending from the gods, through to, more recently, it being based upon the will of the people.

There is likely no higher motive for the ruling class than to maintain their positions atop a complex society’s organisational structures. In fact, one of the beliefs that I have developed over the years and have argued is that the primary motivation of the ruling class is the control/expansion/maintenance of the wealth-generation/-extraction systems that provide their revenue streams and thus the power/prestige that they tend to seek[10].

In addition, as Lord Acton has been credited with observing: power corrupts and absolute power corrupts absolutely[11]. The research is still relatively young in this area and while most suggests power can but doesn’t always corrupt, there is still not definitive consensus upon the idea[12]. So once in power, it can be argued, all sorts of machinations are employed to keep and/or expand an individual’s/family’s/group’s hold on it. It is certainly not always in the best interests of the ruling elite, however, for the ruled to know about or believe such manipulations occur for they do require the consent of the governed, even in totalitarian regimes. Note that on the rare occasion when the curtain is drawn back to expose corruption/nepotism/criminal behaviour/etc., the incident is explained away or viewed as a one-off by a lone wolf or group (usually political opposition) and do not have the best interests of the people in mind as all the rest do (#sarc).

As a result of our tendency to trust/obey authorities, humans are susceptible to narrative control/propaganda. And one must consider that the ruling elite are well aware of this fact and leverage it to their advantage. Perhaps nowhere is this made more obvious than in the research and writings of the ‘father of propaganda’ and US government consultant, Edward Bernays, particularly within his seminal text Propaganda where he outlines the necessity of narrative control in complex societies:

“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. …We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. …In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons…who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.” [13]

One can additionally look at the expenditures (hundreds of billions of US dollars) diverted to advertising by businesses[14] to support this argument. If marketing/narrative control was ineffective, neither businesses nor governments would spend so much of their time and wealth employing it in attempts at being ‘persuasive’. Suffice it to say, our ruling class is well aware of the psychological mechanisms at play in forming beliefs, and have been for some time.

It may be that humanity’s deference to authority is one of our most perilous psychological tendencies as we increasingly experience the negative consequences of ecological overshoot. It is because of this behaviour that we can be drawn into and blindly accept maladaptive strategies that are offered up by our ‘leaders’. As crises emerge, our ruling class will offer ‘solutions’ but one’s that do not do what they are marketed as doing but, in fact, quite often the exact opposite — such as the stories we are told about non-renewable, renewable energy-harvesting technologies and their ability to support not only our current complexities but continued growth in a clean and sustainable fashion[15].

As the energy/resource descent proceeds and possibly accelerates we might expect that those who ‘manage’ our narratives to expand their efforts to mask ‘collapse’[16], use it to highlight the evils of our ‘enemies’ so as to deflect anger from our own ruling class[17], and/or leverage crises to their advantage[18].

In addition, many if not most of the developments we have come to ‘celebrate’ as symbolic of our ingenuity (e.g., technology) and the language we use (e.g., progress, success) are mostly if not entirely energetically- and ecologically-blind. They tend to elevate one specific aspect of our existence (e.g., economic growth), ignore the negative consequences of their favoured narrative (e.g., biodiversity impacts are not relevant), and then encourage adaptations that align with this but are the exact opposite of what we likely need to be doing (e.g., degrowth). Pursuing such a maladaptive strategy, however, does benefit the ruling class who tends to own or be heavily invested in the industrial processes needed and/or the financial institutions required for growth to take place.

Given all the above, deference to authority can be viewed as an exceedingly problematic tendency that could well lead us into significantly more difficult times than we have experienced to date — in fact, likely speeding up the collapse that always accompanies a species overshooting its natural environmental carrying capacity. If our ‘leaders’ adopt and/or encourage maladaptation to our predicament and we mindlessly obey because that is what we do, we end up making our circumstances worse but end up cheering them on because to do otherwise leads to extremely anxiety-provoking emotions.

It can be argued that we don’t solve anything, for example, by pursuing non-renewable renewables (and increasing ecological destruction), we simply further reduce human carrying capacity. But in the thirst for expanding their revenue streams, our ‘authorities’ will market/cheerlead such consumer products as a panacea for perceived ‘problems’, relegating the negative consequences to the sphere of misinformation and/or ostracising/censoring those who raise them while raiding national ‘treasuries’, all the while ensuring the masses hear the message that what they are doing is great for ‘the people’ and their non-negotiable way of life[19].

As we continue to descend our energy/resource cliffs, it will be increasingly important to come to the realisation that there are no white knights coming to the rescue — especially from the ruling class. The solutions being pushed/marketed by those at the top of our social power structures should not be trusted just because they are in positions of authority; they need to be viewed for what they tend to be: a leveraging of ‘power’ to expand/maintain privilege and wealth.

We cannot grow or spend our way out of overshoot; in fact, we do the opposite in trying this. We cannot continue to destroy the planet with alternatives to fossil fuels and expect to avoid collapse in the process. We need to be considering that we are being led astray by people and groups who do not in any way have our best interests in mind.

‘Salvation’ is not likely to be found in our hierarchical social structures but perhaps within our close kinship-based circles[20].


Part Three of this multi-part Contemplation can be found here.


Please consider visiting my website and supporting my work through the purchase of my ‘fictional’ novel series, Olduvai, that chronicles the ‘collapse’ of modern society. For less than $10 Canadian you can receive the entire trilogy in PDF format.


[1] Having just experienced such an event with the most populated region of Canada having been hit with a devastating derecho storm, I can attest to the added stress that occurs. I think our family’s anxiety was mitigated with the help of previous preparations for such times but many others were not so prepared for several days without electrical power or the damage that took place — we were also much luckier than some having only sustained minor physical damage to our property (a blown down fence); in our immediate community there were homes/businesses damaged, cars crushed/damaged, and many power lines down due to snapped hydro poles and large tree falls. I am happy that all the seedlings I had planted the day before the storm were undamaged but it reminded me of the vagary of food production and vital importance of having surpluses set aside and establishing what Joseph Tainter terms ‘energy-averaging systems’: regional trade to support life when things go sideways in your area.

[2] https://www.simplypsychology.org/edward-thorndike.html

[3] https://www.psychologytoday.com/us/blog/the-athletes-way/202001/the-neuroscience-seeking-pleasure-and-avoiding-pain

[4] https://anthropology.iresearchnet.com/complex-societies/

[5] https://www.sciencedirect.com/topics/computer-science/social-hierarchy; https://www.sociostudies.org/journal/articles/140641/; https://evolution-institute.org/blog/the-evolution-of-hierarchy/

[6] http://www.des.ucdavis.edu/faculty/Richerson/complex.PDF; https://www.journals.uchicago.edu/doi/pdfplus/10.1086/211336; https://anthrosource.onlinelibrary.wiley.com/doi/pdf/10.1525/aa.1942.44.1.02a00040; https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5494206/

[7] https://www.goodreads.com/book/show/477.Collapse_of_Complex_Societies

[8] I would also recommend Murray Rothbard’s Anatomy of the State as a relatively short and concise text on motivations of the ruling class and their machinations to maintain/expand their power/wealth/prestige. (https://cdn.mises.org/Anatomy%20of%20the%20State_3.pdf).

[9] Try pointing out to someone the unquestionable yet religious-like faith in the institution of representative democracy and its concomitant belief that one has agency via the ballot box. Firm believers in this process for ‘choosing’ leaders and providing input into societal ‘decisions’ will stanchly defend it and even attack ferociously any challenges to it — why do ‘leaders’ always suggest they are defending ‘democracy’ whenever they are pontificating about the evils of a geopolitical foe? Because it feeds into the narrative. Few people will entertain the argument that the entire election process is mostly theatre to help ‘legitimise’ our ruling class’s hold on power or the idea that they have no agency in the fundamental decisions made by politicians.

[10] I believe I have developed this notion primarily through my readings of Charles Hugh Smith who blogs at https://www.oftwominds.com. I cannot locate any exact reference by him to this idea at this time, however. Regardless, the concept does align with historical evidence and psychological mechanisms.

[11] https://www.brainyquote.com/quotes/john_dalbergacton_109401?src=t_power_corrupts

[12] https://www.psychologytoday.com/us/blog/cutting-edge-leadership/200908/how-power-corrupts-leaders; https://greatergood.berkeley.edu/article/item/does_power_corrupt_everyone_equally; https://www.pbs.org/newshour/economy/the-science-behind-why-power-corrupts-and-what-can-be-done-to-mitigate-it; https://www.smithsonianmag.com/science-nature/why-power-corrupts-37165345/. Also consider Philip Zimbardo’s Stanford Prison Experiment here (https://www.prisonexp.org) and the Power Paradox that occurs (https://greatergood.berkeley.edu/article/item/power_paradox): “Power is given to those individuals, groups, or nations who advance the interests of the greater good in socially-intelligent fashion. Yet unfortunately, having power renders many individuals as impulsive and poorly attuned to others as your garden-variety frontal lobe patient, making them prone to act abusively and lose the esteem of their peers. What people want from leaders — social intelligence — is what is damaged by the experience of power.

[13] I highly recommend reading Bernays’s Propaganda (https://archive.org/details/BernaysPropaganda). It lays out fairly clearly the notion of creating narratives to direct what people believe.

[14] https://www.statista.com/statistics/272314/advertising-spending-in-the-us/

[15] To be fair, this view is via my personal interpretive lens that has shifted over the years as I have researched and learned more; there are various competing narratives that one can choose from.

[16] Look at the manipulations that have been taking place for decades with respect to consumer price inflation and its pernicious impact upon pretty well everyone outside the top 1–10% of earners. You will only hear that ‘mild’ inflation is great for the economy and nothing about the currency devaluation that is taking place as a result of infinite credit/debt growth.

[17] Almost everything going wrong in the West currently is the fault of that evil Vladimir Putin.

[18] The quote “Never let a good crisis go to waste” has been attributed to a number of politicians including Winston Churchill, but demonstrates the thinking of our political class when it comes to using a crisis to their advantage.

[19] There is a very good argument that the creation and distribution of fiat currency by our ruling class falls into this category as well. They maintain that it is done responsibly and for the benefits of society but evidence would suggest the opposite.

[20] Unfortunately, for most ‘advanced’ economies these kinship-based circles have been eroded for a variety of reasons, not least of which is the ‘mobility’ provided by cheap energy. Small, local communities may be the next best avenue for the coming ‘transition’.

Today’s Contemplation: Collapse Cometh L–Cognition and Belief Systems in a ‘Collapsing’ World: Part One


Today’s Contemplation: Collapse Cometh L

May 19, 2022

Monte Alban, Mexico (1988) Photo by author

Cognition and Belief Systems in a ‘Collapsing’ World: Part One

Keeping in mind that we humans are storytelling primates with extraordinary cognitive abilities, I’ve been reflecting upon a few of the psychological phenomena that are key to how we form beliefs, especially as they pertain to ecological overshoot and its concomitant societal ‘collapse’. The specific mechanisms I have been thinking about include: deference to authority, groupthink, cognitive dissonance, and the justification hypothesis[1]. I studied all of these during my few years of interest in psychology[2] while at university and have been re-exposed to their importance in the past handful of years[3].

This contemplation is quite a bit longer than my usual ones so will be broken up into parts as I reflect upon, edit, and invariably expand it…please try to bear with me until the end of these few contemplations to see how I view these psychological processes as important to our impending ‘collapse’ — or, at least, one’s interpretation of it and ultimate reactions in light of personal and societal perspectives.


What we believe is extremely important to our perception of the world as it creates a ‘reality’ for us that may or may not have much in common with observable, physical evidence. Ultimately it would appear that we believe what we want to believe; ‘facts’ be damned. We very much don’t want to acknowledge this but we seem to be, as author Robert Heinlein has been credited with stating, rationalising animals not rational ones; and research is increasingly supporting this view[5].

Megan Siebert and William Rees highlight this point at the start of an article on the impediments and consequences of pursuing non-renewable ‘renewables’: “We begin with a reminder that humans are storytellers by nature. We socially construct complex sets of facts, beliefs, and values that guide how we operate in the world. Indeed, humans act out of their socially constructed narratives as if they were real. All political ideologies, religious doctrines, economic paradigms, cultural narratives — even scientific theories — are socially constructed “stories” that may or may not accurately reflect any aspect of reality they purport to represent. Once a particular construct has taken hold, its adherents are likely to treat it more seriously than opposing evidence from an alternate conceptual framework.”[6]

This is an important perspective to take on our species since it is the narratives that we construct (or have constructed for us) that impact significantly our belief systems and thus everyday actions and reactions. But the stories we cling to also influence greatly our understanding of events, helping us to comprehend (or miscomprehend) a complex world — its past, present, and how it may unfold in the future[7].

Thinking about ‘collapse’ and ecological overshoot necessarily has us attempting to frame a picture of the variables impacting our world and how events are going to ‘unfold’[8]. I’ve increasingly come to believe that predicting the trajectory of complex systems is, well, complex; in fact, I’d argue impossible. We need look no further than meteorological models to get a glimpse at how difficult (impossible?) it is to predict relatively simple, complex systems such as wind and precipitation patterns. Throw human behaviour into the mix and complexity goes off the charts.

Dan Gardner’s Future Babble[9] is an excellent reminder that complex systems with their non-linearity and emergent phenomena[10] cannot be predicted accurately, so there is no ‘certainty’ to be found in constructed stories, regardless of the sophistication of the model used in the prediction or the amount of data/evidence inputted into the model. ‘Uncertainty’ will always exist and the tiniest of errors in a fundamental assumption at the start can have oversized impacts on the projected trajectory and endgame. Ultimately, only time will tell what the future holds but this simply is not sufficient to an human wanting certainty to reduce their anxiety about an unknowable future.

We want to know what the future holds. How things may rollout in the days, months, years ahead is fundamentally important to us as we tend to find uncertainty extremely anxiety-provoking. One of the methods for reducing the stress/anxiety that accompanies uncertainty is to take solace in ‘certain’ narratives; regardless of the evidence/facts that support them. And oftentimes it matters little how accurate a person’s or institution’s previous prognostications have been. If the story sounds plausible and it is given with certitude, we are more prone to believe it even if previous predictions have never been accurate.

So, to ensure our beliefs about the future are ‘certain’, we employ a host of cognitive biases to help us become confident in our thinking. What are these? Simply “[a] cognitive bias is a subconscious error in thinking that leads you to misinterpret information from the world around you, and affects the rationality and accuracy of decisions and judgments. Biases are unconscious and automatic processes designed to make decision-making quicker and more efficient. Cognitive biases can be caused by a number of different things, such as heuristics (mental shortcuts), social pressures, and emotions.”[11]

Without further ado, here are four of the mechanisms that I’ve been considering as important as we slide down the Seneca Cliff of ‘collapse’ and attempt to make sense of our world[12].

Deference to Authority

Wishing to try to understand better German society’s apparent willingness to participate in the vilification and systematic elimination of countless Jews during World War II, Yale University’s Stanley Milgram began exploring the relationship between authority and the well-known tendency of people to obey instructions issued by authoritative figures[13].

Milgram’s ‘Shock Experiments’ demonstrated rather plainly the willingness of individuals to obey the demands/requests of supposed ‘authority’ figures to a point of overriding their moral principles. This was said to be the result of a relinquishment of responsibility for one’s actions in the presence of an authority figure but also because of a person’s acceptance of the definition or viewpoint of the situation as supplied by the authority figure.

Basically, humans tend to trust and obey individuals in positions of ‘authority’. We follow their diktats. We believe their stories. We do as we are instructed. Not always, but certainly most people do, most of the time.

Groupthink

Irving Janis coined the term Groupthink “to describe a premature concurrence-seeking tendency that interferes with collective decision-making processes and leads to poor decisions. It is characterized by deterioration in group member mental efficiency, reality testing, and moral judgments that result from in-group pressures to seek consensus. It is what happens when the task demands on a decision-making group are overwhelmed by the social demands to reach consensus. When experiencing groupthink, members tend to make simplistic statements about the issues and more positive in-group references than those in nongroupthink cases.”[14]

Supplemental research has suggested that groupthink is far more likely when group leadership is directive in style, when greater amounts of mind-guarding occur (tendency to keep group members from being exposed to contrarian viewpoints and information), and a tendency to self-censor. Solomon Asch’s research on behavioural conformity is also of particular interest to this mechanism[15]. Asch found that individuals are likely to conform to the observations and opinions of peers in social situations. As social animals, humans tend to conform to their social group in behaviours and ideas. This tendency increases when: more people are present; a task is more difficult; and, other members are of higher social status.

Fundamentally, humans have a tendency to meet the ‘norms’ of the social group in which they find themselves and will accept the group’s ideas and behaviours, primarily to avoid the negative social pressures that accompany non-conformity. We may not necessarily agree with certain things, but we tend to go along for better or worse.

Cognitive Dissonance

Leon Festinger investigated and defined the idea that humans experience negative emotions when they hold conflicting or inconsistent cognitions[16]. The resulting state of discomfort leads us to become motivated to align our cognitive knowledge, and the more discomfort or anxiety we feel from such conflicting cognition the more we struggle to reduce the resulting tension. It is during such efforts to reduce the dissonance we are feeling that we engage in significant rationalisation that can convince us to accept knowledge that we might otherwise not agree with.

“And that is what is so interesting about cognitive dissonance. In our effort to reduce dissonance, we come to distort our choices to make them seem better, we come to like what we have suffered to attain, and we change our attitudes to fit our behaviors.”[17]

Essentially, in the attempt to achieve consistency in knowledge about the world we align our behaviours with our attitudes, and to reduce the anxiety that may arise from inconsistent cognitions we accept or reject certain information leading us to construct a ‘reality’ that is less anxiety-provoking than we might otherwise hold. We create a belief system that is comforting and then tend to cling to it fiercely.

Justification Hypothesis

The Justification Hypothesis is part of the Grand Unified Theory of Psychology[18]. It argues that human cognition differs from other animals due to the relationship between language, self-consciousness, and social existence. The interaction of these phenomena result in our beliefs functioning to legitimise our particular perception of the world. We consequently engage in systems and processes that serve to justify our behaviours[19].

The concept is founded upon three premises. First, the development of language and living in social groupings led to the problem of having to justify actions/behaviours; why did you do what you did? Second, our attainment of self-consciousness created a system of aligning internal concepts of self with external actions; we strive to hold a stable view of oneself and create the same image for our peers. Third, since we are social beings living with many others, sometimes in very large groupings, we create sociocultural expectations/beliefs/values about normative behaviour along with large-scale systems to justify these.

Primarily, this hypothesis points to our tendency to rationalise our behaviour and beliefs as a result of our biology, psychology, and social interactions with others in order to maintain our self-image and avoid conflict with others.


You can locate Part Two of this multi-part Contemplation here.


[1] These are just a handful of the many processes that are relevant to human cognition and our formation of ‘knowledge’. Epistemology and some related fields are fascinating areas to explore; especially social psychology since we are, after all, very social animals and form our knowledge from and with others.

[2] It may have actually been meeting this great girl in one of the classes that kept me interested in the subject. Once she agreed to marry me I shifted over to archaeology;) And now we’re closing in on our 36th anniversary.

[3] Reading a couple of recent psychology course textbooks along with my youngest daughter as she took some courses so she’d have someone to bounce concepts/understandings off of during online courses due to the pandemic closures has been perhaps the best refresher.

[5] https://psycnet.apa.org/record/2020-81515-001

[6] https://www.mdpi.com/1996-1073/14/15/4508/htm?fbclid=IwAR2ISt5shfV4wpFEc8jxbQnrrxyllyvZP-xDnoHhWrjGTQRIqUNfk3hOK1g

[7] And I acknowledge that this is as true for me as everyone else. In fact, I would admit that the more I come to ‘understand’, the more I come to appreciate how much I don’t completely understand and how ‘simple’ our comprehension of an exceedingly complex universe truly is.

[8] It also, because of how we form ideas/beliefs, has us interpreting the present and past through particular lenses/worldviews/schemas/paradigms.

[9] Gardner, D. Future Babble: Why Expert Predictions Fail — and Why We Believe Them Anyway. McClelland & Stewart Ltd., 2010. (ISBN 978–0–7710–3513–5)

[10] Here I recommend reading Donella Meadows work, especially Thinking in Systems: A Primer. Chelsea Green Publishing, 2008. (ISBN 978–1–60358–055–7)

[11] https://www.simplypsychology.org/cognitive-bias.html

[12] Note that my summaries are in no way ‘comprehensive’. These are my highlighting of what I view as important aspects of these phenomena.

[13] https://psychology.iresearchnet.com/social-psychology/social-influence/obedience-to-authority-studies/

[14] https://psychology.iresearchnet.com/industrial-organizational-psychology/group-dynamics/groupthink-i-o/

[15] https://www.verywellmind.com/the-asch-conformity-experiments-2794996

[16] https://psychology.iresearchnet.com/social-psychology/social-psychology-theories/cognitive-dissonance-theory/

[17] ibid

[18] https://link.springer.com/chapter/10.1007/978-1-4614-0058-5_1

[19] https://www.psychologytoday.com/us/blog/theory-knowledge/201112/the-justification-hypothesis

Deutsche Bank Economists Say the Fed Will Create More Inflation in 2024

Deutsche Bank Economists Say the Fed Will Create More Inflation in 2024

Deutsche Bank economists say the Federal Reserve will create more inflation in 2024.

OK, that’s not exactly what they said. But that is the implication of their latest forecast.

The Deutsche Bank analyst forecast that the Fed will cut rates by 175 basis points in 2024 in response to a “mild” recession. That would drive the Federal Reserve funds rate down to between 3.5% and 3.75%.

This loosening monetary policy, by definition, would create more inflation.

The Fed currently has interest rates set at between 5.25% and 5.5%.

Most mainstream analysts now think the central bank will cut rates next year, but not as steeply as Deutsche Bank economists.

The dominant narrative today is that the Fed has successfully beaten down price inflation. A cooler-than-expected CPI report for October reinforced this notion. With inflation on the run, mainstream analysts think that the Fed has initiated its last hike and will pivot to rate cuts next year to guide the economy to a “soft landing.” Even before the CPI data release markets were pricing in 75 basis points of rate decreases in 2024.

Many mainstream analysts and financial news network pundits have taken a recession completely off the table. But Deutsche Bank senior US economist Brett Ryan told Reuters he expects the US economy to hit a “soft patch” that will lead to a “more aggressive cutting profile.”

Ryan said he expects this economic weakness to further ease inflationary pressure.

The Problems With the Forecast

There are several problems with the Deutsche Bank projections, and the entire mainstream narrative more generally.

In the first place, the death of inflation is greatly exaggerated. No matter how you slice and dice the data, none of the numbers come close to the Fed’s 2% target. Core CPI is still double that number.

…click on the above link to read the rest…

The Financial System Has Reached the End

THE FINANCIAL SYSTEM HAS REACHED THE END

The world is now witnessing the end of a currency and financial system which the Chinese already forecast in 1971 after Nixon closed the gold window.

Again, remember von Mises words: “There is no means of avoiding the final collapse of a boom brought about by credit expansion.”

History tells us that we have now reached the point of no return.

So denying history at this point will not just be very costly but will lead to a total destruction of investors’ wealth.

POLITICIANS LIE WITHOUT FAIL

History never lies but politicians do without fail. In a fake system based on false values, lying is considered to be an essential part of political survival.

Let’s just look at Nixon’s ignorant and irresponsible statements of August 15, 1971 when he took away the gold backing of the dollar and thus all currencies.

Later on we will show how clearsighted the Chinese leaders were about the destiny of the US and its economy.

So there we have tricky Dick’s lies.

  • The suspension of the convertibility of the dollar in 1971 is still in effect 52 years later.
  • As the dollar has declined by almost 99% since 1971, the “strength of the economy” is also declining fast although using fiat money as the measure hides the truth.
  • And now to the last lie: “Your dollar will be worth as much tomorrow”. Yes, you are almost right Dick!  It is still worth today a whole 1% of the value when you closed the gold window. 

The political system is clearly a farce. You have to lie to be elected and you have to lie to stay in power. That is what the gullible voters expect. The sad result is that they will always be cheated.

CHINA FORECAST THE CONSEQUENCES ALREADY IN 1971

So in 1971 after Nixon closed the gold window, China in its official news media the People’s Daily made the statements below:

…click on the above link to read the rest…

The Great Simplification Ahead

The Great Simplification Ahead

“Until debt tear us apart”

There is no denying that a major economic downturn is now in the books, and that lacking an energy miracle, the world economy is about to go through a major shift. After discussing the faulty nature of prevailing economic metrics (GDP) in last week’s essay, and understanding how economic growth has turned into stagnation 18 years ago already, let’s turn our eyes towards the future. What might the world economy look like after the onset of the coming crisis? How would world leaders react? Could gold or bitcoin save the day? Let’s dive in.


There is a yawning gap between real economic productivity and debt in the world economy. Despite the fact that GDP seems to be growing, real economic output (best measured by energy consumption) has been stagnating for almost two decades now. As a result Western nations have lost their dominance in the world economy, and now face a steep decline due to an ever worsening energy balance and their colossal import dependence.

You see, this is not a matter of money or the lack thereof. Governments all around the world had the chance to print all the money they wanted in the past two decades. There were two thing they could not conjure up, however: cheap raw materials and energy. Contrary to common wisdom, the green energy transition is not a miracle waiting to happen, only an expensive and utterly unsustainable addition to the existing fossil fuel energy infrastructure. Shale oil, the much heralded “solution” to peak oil, has also run its course and now is close to reaching its all time high… Only to embark on a steep decline afterwards. None of this is a monetary question, only a matter of geology and economics: resource depletion and the resulting cost increase. Printing money does not solve any of these issues, only creates more inflation.

…click on the above link to read the rest…

It Will Happen Suddenly

It Will Happen Suddenly

As the Great Unravelling progresses, we shall be seeing many negative developments, some of them unprecedented.

Only a year ago, the average person was still hanging on to the belief that the world is in a state of recovery, that, however tentative, the economy was on the mend.

And this is understandable. After all, the media have been doing a bang-up job of explaining the situation in a way that treats recovery as a general assumption. The only point of discussion is the method applied to achieve the recovery, but the recovery itself is treated as a given.

However, as thorough a distraction as the media (and the governments of the world) have provided, the average person has begun to recognise that something is fundamentally wrong. He now has a gut feeling that, even if he is not well-versed enough to describe in economic terms what is incorrect in the endless chatter he sees on his television, he now senses that the situation will not end well.

I tend to liken his situation to someone who suddenly finds all the lights off in his house. He stumbles around in the dark, trying to feel his way. Although he can picture in his mind what the layout of his house is, he is having trouble navigating, often bumping into things. This is similar to the attempt to see through the media and government smokescreens during normal times.

But soon, as his government undergoes collapse, he will be getting some bigger surprises. He will find that the furniture has inexplicably been moved around. Objects are not where they are supposed to be, and it is no longer possible to reason his way through the problem of navigating in the dark.

…click on the above link to read the rest…

Today’s Contemplation: Collapse Cometh CLXVI–Societal Collapse: The Past is Prologue


Today’s Contemplation: Collapse Cometh CLXVI

Athens, Greece (1984). Photo by author.

Societal ‘Collapse: The Past is Prologue

Today’s Contemplation has been once again prompted by the latest musings of The Honest Sorcerer. I believe their posts motivate me more than most others I read because we very often focus upon the same subject matter and appear, for the most part, to come at the issue(s) from a similar standpoint. In fact, I have had more than one person accuse me of being The Honest Sorcerer and simply using a different name/platform — which I will take as a compliment given how much I enjoy their articles.

Here is my posted comment on their Substack publication:


I’ve found it most enlightening (and I’m sure it’s my personal bias in having some background in the subject) to consider past experiments in complex societies and the societal responses/reactions to the cyclical phenomenon of ‘collapse/simplification’ to guide our discussion on how things may unfold. Archaeology demonstrates that despite human ingenuity and having the best ‘technology’ of the time, similar patterns emerge across both time and space as a complex society ‘dissolves’.

As the saying goes, ‘It’s difficult to make predictions, especially if they’re about the future’; however, there’s also the Shakespearean phrase ‘What’s past is prologue’ suggesting that we can learn from pre/history and its apparent oft-repeated processes as we have hints as to what may befall us as our societal ‘decline’ proceeds providing an educated guess on the future (the best we might hope for in an uncertain and complex world full of nonlinear feedback loops and emergent phenomena, to say little about Black Swan events).

I’ve written a number of posts about this, most recently just a couple of months ago entitled What Do Previous Experiments in Societal Complexity Suggest About ‘Managing’ Our Future (https://stevebull-4168.medium.com/todays-contemplation-collapse-cometh-cxlviii-fb2491bb08fe). Some of its points are quite similar to those you make.

In this piece of writing I focused on the aims of the ‘degrowth’ movement and why our ‘collapse’ will not likely be ‘managed’ in the way many degrowthers hope. I make the argument, based upon my understanding of archaeologist Joseph Tainter’s thesis in The Collapse of Complex Societies, that:

1) “…society’s power-brokers place the burden of ‘contraction’ upon the masses via currency devaluation, increased taxes, forever wars, increased totalitarianism, narrative management, etc..”

2) “Once surpluses are exhausted, everyday operating ‘costs’ begin to suffer and living standards for the majority begin to wane. A gradual decline in complexity ensues.”

3) “As societal investments encounter the Law of Marginal Utility due to ever-increasing costs of problem solving and its associated complexity, society experiences declining living standards. Eventually, participants opt out of the arrangement (i.e., social ‘contract’) — usually by migrating — resulting in a withdrawal of the support/labour necessary to maintain the various complex systems.”

4) “…to offset our increasing experience with diminishing returns, especially as it pertains to energy, we have employed significant debt-/credit-based fiat currency expansion to increase our drawdown of important resources among other perceived ‘needs’…”

5) “…to sustain a society’s complexity as it bumps up against limits to expanding its problem-solving ability (particularly its finite resource requirements), surpluses are drawn upon…The drawdown of these surpluses puts society at greater risk of being incapable of reacting to a sudden stress surge that may expedite the ‘collapse’ of complexity.”

6) “…once diminishing returns sets in for a society, collapse requires merely the passage of time. New energy sources, however, do little to address the issues that arise from expanded technology use–particularly the finiteness of the materials required and the overloading of planetary sinks that occur from their extraction and processing…”

7) “…pre/historic evidence also demonstrates a peer polity competition trap where competing ‘states’ drive the pursuit of complexity (regardless of environmental and/or human costs) for fear of absorption by a competing state. In such situations, ever-increasing costs create ever-decreasing marginal returns that end in domination by one state, or collapse of all competing polities. Where no or an insufficient energy subsidy exists, collapse of the competing states occurs at about the same time.”

We should be able to learn from these past trials in large, complex societies. And I recall putting this prospect to Jared Diamond about a decade ago when I heard him speak at the Royal Ontario Museum in Toronto, Canada. His response (and I’m paraphrasing) was that just because we have this capability does not in any way mean we will use it.

Do I believe humanity will heed the lessons of the past?

In those early days of my journey down the rabbit hole of societal ‘collapse’ that began with my exploration of the concept of Peak Oil and its implications for our world (I thank the rental from our local Blockbuster in late 2010 of the documentary Collapse with the late Michael Ruppert for this), I thought we could avoid the pending decline of society. I thought that human ingenuity and intelligence could and would come to understand our plight and take remedial steps to set things right.

I no longer believe this; in fact, I chuckle somewhat at my naivete in those early days as I struggled to move through Kubler-Ross’s stages of grieving. I experienced an awful lot of denial and bargaining.

Pre/history appears to show that every complex society has reacted to their decline in somewhat parallel ways. Not exactly the same, but pretty damn similar despite the vast differences between them in terms of time, geographic location, and sociocultural practices.

Despite all of this evidence, most of us involved in the current iteration (at least those that have the ‘privilege’ to contemplate such things; many in our world of course don’t) have a tendency to believe that this time is different — especially because of our ingenuity and technology leading to our perpetual ability to ‘solve’ any issue that arises — and the narratives we craft in light of this belief system. But our responses appear to be unfolding in ways not unlike those that previous societies have experienced.

In fact, there’s a good argument to be made that our ‘modern’ responses are even more broadly and significantly detrimental to our future prospects because of the ever-present and widely disseminated propaganda that aims to keep the masses ignorant of the various revenue-generation/-extraction rackets siphoning resources towards the top of our power/wealth structures, and that appear to be expanding and speeding up as the surplus energy that has sustained our growth moves towards zero and then goes negative.

And as I conclude in the piece referenced above,

Little to none of the above takes into consideration our current overarching predicament: ecological overshoot (and all of its symptom predicaments such as biodiversity loss, resource depletion, sink overloading, etc.).

Having significantly surpassed the natural environmental carrying capacity of our planet, we have strapped booster rockets to the issue of complex society ‘collapse’.

We have chosen to employ a debt-/credit-based economic system to more quickly extricate finite resources from the ground in order to meet current demands rather than significantly reduce stealing them from the future. We have created belief systems that human ingenuity and finite resource-based technologies are god-like in their abilities to alter the Laws of Thermodynamics (especially in regard to entropy) and biological principles such as overshoot…

Given we cannot control complex systems, we also cannot predict them well (if at all) and thus we cannot forecast the future with any certainty. But there exist physical laws and limits, biological/evolutionary principles, and pre/historical examples/experiments that all point towards a future quite different from the optimistic ones painted by those who believe we have control over such things.

I expect one last ginormous pulse of energetic ‘consumption’ in a most wasteful binge (and likely mostly towards geopolitical strife over the table scraps of finite resources) and a significant amount of narrative management by society’s wealth-extracting forces before ‘the great simplification’ and Nature’s corrective responses to our overshoot take hold — showing Homo sapiens who is really in charge…and it’s not us.

Also see these:

Cognition and Belief Systems: Part Six — Sociopolitical ‘Collapse’ and Ecological Overshoot (https://stevebull-4168.medium.com/todays-contemplation-collapse-cometh-lvi-1f3de97ef6e9)

Infinite growth. Finite planet. What could possibly go wrong? Part One (https://stevebull-4168.medium.com/todays-contemplation-collapse-cometh-lix-800413db180a)

Energy Future, Part 3: Authoritarianism and Sociobehavioural Control (https://stevebull-4168.medium.com/todays-contemplation-collapse-cometh-xciii-78f4f61f8a1d)

Energy Future, Part 4: Economic Manipulation (https://stevebull-4168.medium.com/todays-contemplation-collapse-cometh-xcix-1eaf7ac0c5c6)

Collapse Now to Avoid the Rush: The Long Emergency (https://stevebull-4168.medium.com/todays-contemplation-collapse-cometh-cxxxv-5b9d26816e33)

Declining Returns, Societal Surpluses, and Collapse (https://stevebull-4168.medium.com/todays-contemplation-collapse-cometh-cxli-c3a58b371496)

Ruling Caste Responses to Societal Breakdown/Decline (https://stevebull-4168.medium.com/todays-contemplation-collapse-cometh-cxliii-a063a8dee7ff)

Financing the End of Modernity

Financing the End of Modernity

How financialization heralds the end of the industrial age

That didn’t worked out as intended… Who would’ve thought? Photo by micheile henderson on Unsplash

Western neoliberal economies are on the brink of a steep economic decline. Barring an energy / productivity miracle a prolonged and deep recession is clearly on the horizon. While mainstream pundits keep “informing” the public how GDP was actually growing in the past decades (except for a few brief moments), and how the G7 is still the top economic power block, the real economy of goods and services tells a completely different story. Growth — in the sense of real economic output — has stopped 18 years ago in the West, and conditions are now ripe for a rapid contraction. A sobering assessment of the real economy — in which your humble blogger is still actively involved — has become due. Buckle up.


As long time readers might already know by heart: money is not the economy, energy is. Money is but a claim on energy and resources. Everything we mine, grow, manufacture and consume takes energy to produce. No energy, no production, no services. The more we produce / consume the more energy is used up. And while it may seem like that rich countries have somehow decoupled their economies from energy use (ie managed to grow GDP much faster than energy consumption), in fact the opposite is true. All they did was send their high energy intensity manufacturing and mining abroad, then imported all they needed using their overvalued currencies, thus becoming more independent on foreign trade than ever.

The public, together with it’s ruling elite, was led down the primrose path with GDP, and now a reckoning is in short order.

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The Crash Will Be Spectacular

THE CRASH WILL BE SPECTACULAR

“Interest on the federal debt is now so immense that it’s consuming 40% of all personal income taxes… If federal finances continue on their current path, we are only a few years from the entirety of income taxes being needed to finance the debt…”

The government collects $2.6 trillion of individual taxes at the point of a gun and threat of prison. Meanwhile they still operate at an annual deficit of $2 trillion. And this is before interest on the national debt starts to really skyrocket. Our Troll Secretary of the Treasury Yellen had the opportunity to lock in trillions of our national debt for 30 years at 2% rates, but purposely kept rolling it on a short-term basis.

Interest on the debt will surpass $1 trillion annually within the next year, and, as you can see, will be approaching $2 trillion per year in a few more years. The government already spends every dime of the taxes they collect. That means they are already printing more fiat and borrowing from the rest of the world in order to pay the interest on the debt they already have.

Foreign countries, in particular China and India, are not only not buying any new US Treasuries, but unloading the Treasuries they already have. With the BRICS purposefully moving away from the USD for their trade, it’s only a matter of time until our mountain of debt crashes down in an epic avalanche upon the unsuspecting American public. The writing is on the wall, and if you refuse to read it, you will be shocked and devastated when you see your supposed paper wealth evaporate.

Now you know why Biden and his handlers are attempting to provoke wars across the globe against those countries who they realize are engineering the demise of the USD as the basis for world domination and control. We have evil men ruling our nation and they would rather burn it all to the ground than lose their wealth, power and control.

Olduvai IV: Courage
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Olduvai II: Exodus
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