by Jim Kunstler
America is on vacation from its financial, fiscal, and economic problems, having left the centers of power in Wall Street and Washington for a Nantucket-of-the-mind, where, in a haze of artisanal vodka and bong smoke, it's out in the cool grass watching imaginary whalefishes blow, leaving only the TV Bubbleheads behind back home. Larry Kudlow of CNBC was practically drooling into his cufflinks on screen when the dollar popped against the Euro, and crude oil slumped, and the equity markets climbed up a flagpole.
This sort of euphoria is actually an alarming pre-crash symptom, in this case of a patient (the US) entering the terminal phase of sclerosis. Our society and all its playerz -- especially the appointed communicators -- just can't fathom the reality of the threats we face, which are 1) the loss of primary energy resources, 2) the loss of technological potency, and 3) the loss of a comfortable standard of living.America is on vacation from its financial, fiscal, and economic problems, having left the centers of power in Wall Street and Washington for a Nantucket-of-the-mind, where, in a haze of artisanal vodka and bong smoke, it's out in the cool grass watching imaginary whalefishes blow, leaving only the TV Bubbleheads behind back home. Larry Kudlow of CNBC was practically drooling into his cufflinks on screen when the dollar popped against the Euro, and crude oil slumped, and the equity markets climbed up a flagpole.
Read on...
In a follow-up to Punditman's ATM adventure, which hints at a bleak economic future, Peacenik offers up Jim Kunstler's Monday morning essay, Shoulder Season. Kunstler is the authour of The Long Emergency and his essays are worth reading for the entertaining writing alone. In this brief essay he contemplates the disconnect between the reality of imminent collapse and the cluelessness of the public, which is about to experience the collapse. If you're concerned about the banking system, Wall Street, oil shortages, hurricanes, etc., this modest doom and gloom essay is a great read to start the week with.
