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Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN

 
DaJavoo
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04/01/2009 09:04 AM
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Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
DaJ2cents Mr. Kunstler takes a look at what's coming and paints a picture that we SHOULD consider. Personally, I'm calling it optimistic...but, WTFDIK.

Under a Fluorescent Moon
James Howard Kunstler

Mr. Obama heads to Europe now where official hostility is rising against the Anglo-American method of pounding monetary sand down the rat-holes of "non-performing" debt, bankrupt enterprise, and bubble-levitated bonds. Our poised and charming Prez may escape personal obloquy from the quaint old-world street folk, but most of the other G-20 policy playerz take a dim view of the shell-and-pea games being played by the custodians of the world's reserve currency, including front-end-loader bank bail-outs, the shuffling of worthless securities under TARPS and TARFS, the desperate efforts to prevent the sane re-pricing of real estate, the cannibalizing of treasuries by the Federal Reserve, the now-notorious hijacking of public "liquidity" injections by third parties like Goldman Sachs, and most generally the perceived sacrifice of everybody else's greater good for the sake of maintaining Lloyd Blankfein's cappuccino machine.

What's going on now is nature's way of telling you that America's standard of living has to be reduced by something between 20 and 50 percent. You can have it in the form of a compressive deflationary depression, including widespread bankruptcies... or you can have by way of inflation, in which money loses its value. But there's one basic qualification to this: the way down is not symmetrical with the way up. That is, it's really not just a matter of ratcheting down to a standard of living half of what it was, say, in 2006, because in the event all the various complex systems that support everyday life enter failure mode before our society re-sets at a theoretically lower level of equilibrium.

By this I mean our methods for getting food, for moving about the landscape, for deploying capital, for trading and manufacturing, for schooling, doctoring, and running public services all destabilize and, to some degree or other, fail to deliver their contribution to normal daily life. Banking (capital deployment) is already mortally wounded. It remains to be seen how this will affect the food supply half a year ahead in the harvest system. Capital is as big an "input" for our method of farming as diesel fuel or fertilizers made from methane gas. The failure of banking will combine with city and state insolvency to crush public transit, law enforcement, fire protection, and whatever flimsy local safety nets exist to keep the ultra-poor and helpless from die-off. The lowering of living standards by 20 to 50 percent essentially eliminates all but the must critical commerce, meaning that most of the stores in the malls and strip malls lose their customers and shed employees, while the mall and strip mall owners lose their rents, and the bankers lose performing commercial real estate loans. As all this occurs, tax revenues go way down, schools can't pay their employees or buy diesel fuel for their yellow bus fleets. More people lose the ability to carry health insurance. Hospital emergency rooms are overwhelmed. Health care descends to Third World levels. Meanwhile, pensions are destroyed, the elderly live on dog food and ketchup. . . .

This is where we're headed. It could easily be worse than the 1930s, when we still had plenty of family farms, plenty of oil, plenty of factories in good running order, and a highly regimented population of workers unaccustomed to luxury, leisure, and entitlement. We've hardly begun to see the potential political repercussions of economic disorder now underway. I think it will start to show in a big way not long after Memorial Day, when the current false euphoric Wall Street rally ends in yet another pool of tears, and the despair trickles downward. A crucial piece of the outcome depends on what happens over at Attorney General Eric Holder's Justice Department - which lately seems to have seceded from the federal government. A peeved public is going to start wondering why the bankers and insurers have not been called in by the criminal division to do a little 'splainin'. As the spring yields to summer, the Obama team's current fix-it plans are also likely to have run out of credibility. Mr. O better be prepared to get a new game. More at posted link...

Last Edited by DaJavoo on 04/01/2009 09:10 AM
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Avian

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04/01/2009 09:07 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
connecting more of the dots

tick tock
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
Ishtahota
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04/01/2009 09:15 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
It is all realitive, me thinks. What some call 'falling down' I call a step forward.

I guess when you have had nothing but great freinds and great love in your life, and not much else, you see things from a different point of view.

Today I may be poor in wealth by mosts discriptions but WTSHTF I am considered to be rich....by comparison.

So I say just be happy with yourself...the rest comes.

Ish
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04/01/2009 09:16 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
"...but I can't be broke: I still have some checks left."
Mothra

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04/01/2009 09:18 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
Yeah, but nature will preserve the billionaire lifestyle the longest, because that is the order of things. lol
DaJavoo (OP)

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04/01/2009 09:27 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
It is all realitive, me thinks. What some call 'falling down' I call a step forward.

I guess when you have had nothing but great freinds and great love in your life, and not much else, you see things from a different point of view.

Today I may be poor in wealth by mosts discriptions but WTSHTF I am considered to be rich....by comparison.

So I say just be happy with yourself...the rest comes.

Ish
 Quoting: Ishtahota 647654


headbang Tru dat, Ish.
:DJrebelli:
DaJavoo (OP)

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04/01/2009 09:28 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
"...but I can't be broke: I still have some checks left."
 Quoting: Anonymous Coward 573034


Follow Big Bro's lead and photocopy a few extra to be on the safe side...



DJbuckx
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DaJavoo (OP)

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04/01/2009 09:29 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
Yeah, but nature will preserve the billionaire lifestyle the longest, because that is the order of things. lol
 Quoting: Mothra


Exactly the author's point, Mothra headbang ~ Robin Hood in reverse.

DJobnwo
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Mothra

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04/01/2009 09:31 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
I used to read JHK weekly, not so much anymore, after a year or so it started to sound pretty much the same. Very doomy tho, I like that.
DaJavoo (OP)

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04/01/2009 09:38 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
I used to read JHK weekly, not so much anymore, after a year or so it started to sound pretty much the same. Very doomy tho, I like that.
 Quoting: Mothra


I liken it to a glass of ice water in the face of the comatose.


:DKtakered:
:DJrebelli:
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04/01/2009 10:31 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
BUMP
Riker

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04/01/2009 10:45 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
5stars
You shall know the TRUTH, and the TRUTH shall set you free.
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The Jurist

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04/01/2009 11:28 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
:tj_bs_iad:
`
(Be) Divide(ed) and (be) Conquer(ed)...

Don’t listen to what they say, watch what they do.

~There is Tranquility in Ignorance, but Servitude is its Partner. —me
~What luck for Rulers that Men do not Think. —Adolf Hitler

:damned: Doom is optional. There is good news abounds.
DaJavoo (OP)

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04/01/2009 11:40 AM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
5stars
 Quoting: Riker


TYVM!

DJbbkiss
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04/01/2009 02:13 PM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
bump
DaJavoo (OP)

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04/01/2009 02:54 PM
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Re: Nature's Way of Telling Us ~ Checking Account Overdrawn, You're Goin' DOWN
bump
 Quoting: Anonymous Coward 627639

Thanks for the assist!
:DJrebelli:

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