ACTING DEPRESSED 2
As you are easily and quickly being distracted by fabricated political fights between both sides of the Imperial Party, the economy has been rather busy doing its own thing, which is imploding. The economy that you think is the greatest in the world? You know, that one. The US economy is 70% consumption ( which is an old number. Probably less, more going to services such as medical or financial, or more government. But the remainder sure as hell ain't manufacturing which is in near free fall ) and economies like that have nothing the rest of the globe wants.
Oh, sure, we make a few bucks selling ChiCom approved films. And we churn out great quality plastics. But primarily our economy was selling Treasury Bills for oil. It really was as simple as that. We don't even have a real Military Industrial Complex to blame everything on any more. What was 10% of the economy, manufacturing shoddy military goods and even worse automobiles, since in decline, doesn't drive the economy and doesn't support areas by their factories anymore. Flint, Michigan water supplies, anyone? Boeing isn't propping up Seattle as much as CIA supported Microsoft and Amazon ( yeah, I love me that spook money! ).
I'm wondering how much of a coincidence it is that when California lost a big chunk of its Cold War industry, suddenly the Latino flood gates were pried open and immigration was forced on everyone ( even the native Brown folk didn't approve of it, despite the right wing propaganda posters of every Mexican American being a agent provocateur. Not that I approve of ANY immigration based on the 1965 policy change ). Great way to hold down wages and get federal grant money, double wins for the Drought State fat cats.
Not to mention the pressure on real estate prices. There might be plenty of land, but development is restrained by the water infrastructure. Overpopulation was a growth industry for California for twenty-five years. Unintended consequences are of no interest to the elite, as their wealth is mobile and there are plenty of other California climates globally ( as if that matters. They can afford to heat five thousand square feet in Aspen ). I love how Reno has gotten more Libertarian for the rich, a hot spot for money laundering ( it is bad if it is the Mafia, good if it is for corporate types ), and more totalitarian for the poor.
At least Nevada has far less water than even southern California, or their economic model would have done a far worse job screwing up the joint. But the point here is that THIS has been the US economy for quite some time, graft and various forms of asset stripping, using up the last of the resources to get rich quick and bail. Our last economic miracle, and one uses the term loosely, only great then compared to now, was throwing up warped wood and trapped moisture sheetrock ( itself toxic Chinese imports ), shoddy sewer and electric connections even further into the suburbs poser homes at insane valuations.
Five years wages for a crap home needing elevated levels of maintenance, immediately and forever? The only reason these Housing Bubble monstrosities don't fall apart faster than Warren Buffet mobile homes was because they had slightly thicker warped wood walls. And they weren't on a recycled steel ( pot metal ) frame. Building three of these per eligible home owner, back when there was less actual unemployment ( if you believe the official numbers you are a flaming moron ), was our economic miracle.
Before that, the miracle was wiring the continent for high speed Internet, mostly to benefit corporations with this once again subsidized infrastructure, but at least THAT was backed by real petroleum supply growth ( old timey economies were backed by gold. Today, Black Gold is the true underpinning of wealth ). The housing bubble did okay, the credit creation coasting off the back of the 90's, but when the global GROWTH of oil stopped in 2005, the writing was on the wall for the economy ( seen in hindsight, obviously ).
Remember your primary lesson from The Crash Course, only economic growth pays for interest on debt. Without more oil, there is no more growth in the economy. Many economists ( of the Real, or unapproved, variety ) believe we have been in negative growth the entire twenty first century ( I can believe that, if Matthew Simmons [ oil finances guru, since dead ] was correct in the Saudi oil production projections, meaning the EROI of global oil is worse than we thought ). Please note that I am NOT a Chinese Apologist, thinking that country is the New Big Cheese.
China has done a lot of things right, and credit goes where due. They know how to do much more on far less, and they are only communists in the sense that they have a central government that does not subordinate itself to the central bank ( this is my main disagreement with Alt-Market.com ) or corporations which isn't necessarily a bad thing. But their grasp of Peak Oil is about on par with my average minion. As in, “we're not listening, lalalala” ). Why else build an infrastructure dependent on a diminishing resource?
Now, I know WHY no one wants to admit to Peak Oil, even supposed “survivalists”. Energy Uber Alles means we get to keep our empire and our cheap gasoline. It means the dollar is artificially propped up far longer than would be possible for an economy that produced nothing. Which means you get to keep your cushy job. If it is all geopolitical rather than geology, it means we can simply lazily vote our way out of decline. Hey, do you think I like any of this? My wages are dependent on YOUR wages which is dependent on a depleting resource.
China is doing better not because they have more energy, but only because they are smarter with what they have. They don't piss it all away on banker's hookers and blow and the economy might be based on using oil but at least they have something to show for that afterwards like food from Africa. They haven't had to support an aging infrastructure on less oil like we've had to do for fifty years. But the oil is still running out, even if you use it more efficiently. Remember, the only oil growth in fifteen years globally is US fracking. But no Peak Oil, right?
By my math, that means one and a half billion people were born, and we increased our petroleum by 6 million barrels a day. Actually, by releasing those six million to the global needs as we produce that ourselves, plus the two million we don't import anymore anyway since our economic crash in 2008, the globe saw 8 million more barrels to use. That is a ten percent increase with a fifteen percent increase in population. Not terrible, but still a continuation of a per capita decrease in energy that started in 1979.
Even with a decrease in population growth ( except Africa and India, which is the Africa of Asia ), the energy availability per person globally has gotten worse. Despite the reprieve that fracking gave us, fracking is a ninety year old technology and is only used because we have no other choice. 90% of global oil is under nation state control, not the Seven Sisters of ancient lore, and braking profit lose is not in their interest. If the oil was there to be found it would have been. No, “capitalism” won't always save you.
When a corporate suit decides to screw over the company for profit in his quarterly bonus, and then gets a golden parachute, that might be motivation to cease oil exploration. When a government needs more revenue from more oil, what would compel them to skimp on exploration? They could be overthrown and executed. The gravy train would end. Now, if there was no more oil to be discovered, THAT would compel them to save money by letting the infrastructure get deferred maintenance. I love how our bridges are collapsing and we point to Venezuela as a socialist hellhole that allowed its oil industry to entropy.
I wonder, do you think that it is also a coincidence that the PetroDollar is failing at the same time oil production is also? Continued tomorrow, and don't worry. We'll get back to the economy and cover less about oil, even if they are intertwined. I know, you ain't listening ( “lalalala” ).
( .Y. )
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The longer things are artificially propped up, and potemkin village repaint over, the worse the crash will be. It will cause things to become full stop grind up, instead of just a mundane '30s depression level privation. The populace is wussy soft and no longer has much perseverance, or cultural drives.ReplyDelete
Post Apoc. there will be devoided ghost territories like an extinct civilization ruins as a result.
The Roman Colosseum had sheep grazing in it after the die-off. Try to bury those on the lamp post list in their front yard, for the future generations of sheep.Delete
Hell there were sheep grazing all over the ex-Roman-metropolis as late as the mid-1800s, Mark Twain, I believe, wrote about it.Delete
Preaching to the choir here bubba...ReplyDelete
Tho I'd hasten to include that any drastic population reduction, will alter the timescale for caniballisation.
Seems there will be a stairstep decline to the bottom.
Still going with Waterfall. Rome depended on one harbor getting imported grain to feed its masses. Think of that timescale of collapse when that centralized facility floundered ( illustrative purposes only-might have been slightly more nuanced )Delete
“Building three of these per eligible home owner, back when there was less actual unemployment ( if you believe the official numbers you are a flaming moron )”ReplyDelete
From what I’ve gathered, the general consensus seems to be that they’re conveniently leaving out the people that are so hopelessly unemployed, that they’ve given up even trying to find work.
I was laid off in 2015. There was one other employee at the company besides myself, along with the owner and his wife. My former co-worker (Straight, white dude in his 50’s, but a flaming leftist) was actively seeking work the entire time. It took him over a year before finding a crappy job (We were both degreed in the field of electronics). So what’s the fool do? Quits to attend his niece’s wedding (Who’s probably divorced by now, if statistics are anything to go by) and to run a marathon :shakes head: He spent the next year and a half trying to find another job. He did finally succeed, but one imagines that no less than several hundred job applications were filled out along the path to get there. So while possible to find work, if the odds are against you, it’s no mean feat. (For lack of a nicer way of saying it, my former co-worker, in addition to being an old white dude, was also a “social retard”)
This evil white dude did manage to secure a gig working for a relative, but I’m starting to get real tired of it, and don’t see myself doing it much longer. I need to be in a situation in which I can pull in an income, without any direct contact with other humans. Nothing else is going to work for me in the long run.
Out where I am, freshly minted CS (computer science, not tear gas) majors are taking any min. wage job they can get.Delete
I'm in my late 50s now, and only have work through knowing someone. If I lost the job I have I suppose I'd stay afloat OK but making anything more than $20k a year is a pipe dream now even for the vast majority who are 10X that much in debt with a fancy degree and 35 years younger than I am.
Donald says the economy is strong. Makes me want to not vote againDelete
I've figured it out. Eureka!ReplyDelete
Why is Lord Bison of a generally pessimistic slant.
He mis-spent his youth looking at matronly models in Sears catalogue....might have improved things if you had upgraded to the nubiles found on pages 122 -136 of J.C. Penney catalouge. Top drawer (i.e. lingere drawer), those chicks ;).
Better camouflage, ads in the newspaper.Delete
This comment has been removed by the author.ReplyDelete
Like the tale of the monkey who won't let go of the fruit, trapped.Delete
Fuck yeah I don't miss my apartment and car days; it seemed like I was working my ass off to make the apartment owner, the Toyota Motor Company, Ebay, etc rich with very very little left for myself. I gross about 1/5 what I did then, but am actually saving money.Delete
Freedom was pretty darn simple, wasn't it?Delete
I don't see many Christian posts lately in the comments section but here goes . The last pope is in office now . He is one of the unholy trinity that bankrupts the world system in order to implement his own worldwide economic system and the " Mark of the Beast" which is of course 666 . That time prophesied thousands of years ago is upon us right now . Git your preps on and die like a man or live on your knees like a slave . There is very little about America in prophecy so she will be destroyed or nearly so soon . Most of the modern church is hoping on a rapture before spicy times start but those of us that have studied the scriptures for a lifetime don't agree . Rapture will be coming but late into the Great Tribulation . We are called to oppose and resist and never submit to the forces of darkness . My but James hair looks lovely tonight Ha!Ha!Ha! The guy cracks me up and takes away the gloom we would otherwise have . Laughter doeth good like a medicine . There's something to that folks .ReplyDelete
A lot of religious folks do NOT see any humor in me. I suspect most think I'm evil. I'm not religious, although I think if we all just agree on The Golden Rule we would get along fine. I'm agnostic, which I guess to the peasant believers means I'm an arsehole. I think that is the reason you don't see a lot of religious comments here. I don't mind them, I just think most minions don't necessarily follow that bent.Delete
Oh Jesus Christ this is why I may well retire in Jerusalem just to get away from the friggin' Christians.Delete
(Honestly, am looking at one of the scruffier districts around Tel Aviv. Tel remeinds me of the forever-gone Honolulu and Waikiki of my youth, w/o the hatred of white people, and as a left hander I love the writing system. Growing up around Pacific languages, I've got the glottal stop and the "CHCHCHCHCHCHCHCHC!" sound down pat, and I love halvah.)
Hmmm, I don't know if you are being sarcastic or not, but if not, target much? I'd feel like Bruce Willis in the beginning of Die Hard 3.Delete
I saw a bumper sticker one time "667 next door to the devil" LOLDelete
Okay, I don't care who you are. That's funny.Delete
668, the Neighbor of The Beast.
(Imagine Iron Maiden singing that one)
I think I heard that from The Mrs. when we were dating...
Is there a rubber chicken singing Iron Maiden? Couldn't get enough of that one!Delete