Tuesday , 30 May 2017


Financial Entertainment On the Breakdown of the USA: “The Mayans R Us”!

The Mayans R us. One year, they were cavorting bloodthirstily atop their garishus-collapse1 painted pyramids and a generation later the jungle was stealing back over the temple steps and the population was a tenth of its former size. The same thing is going to happen to us, except there will be a hell of a lot more worthless, toxic debris left on the landscape. We enter 2015 with greater tensions than ever before and therefore the likelihood is that the inevitable breakdown will release more destructive energy and be that much harder to recover from.

By James Howard Kunstler (kunstler.com) as originally* entitled Forecast 2015 — Life in the Breakdown Lane.

I don’t know how anyone can trust the statistical bullshit emanating from our government reporting agencies, or the legacy news organizations that report them, yet the meme has remained firmly fixed in the popular imagination:

  • the U.S. economy has recovered!
  • GDP grows 5 percent in Q3!
  • Manufacturing renaissance!
  • Energy independence!
  • Cleanest shirt in the laundry basket!
  • Best-looking house in a bad neighborhood!
  • ¡No hay problema!

This is simply the power of wishful thinking on display. No one — with the exception of a few “doomer” cranks — wants to believe that industrial civilization is in trouble deep. The staggering credulity this represents would be a fascinating case study in itself if there were not [that] so many other things demand our attention right now.

Let’s just write this phenomenon off as the diminishing returns of career log-rolling in politics, finance, media, and academia. All the professional “thought-leaders” pitch in to support the “hologram” of eternal progress that issues their paychecks and bonuses. This culture of pervasive racketeering that we’ve engineered has made us obtuse. The particular brand of stupidity on display also points to another signal vanity of our time: the conviction that if you measure things enough, you can control them.

I’m of the view that the measurers only pretend to measure, and can only pretend to control things, especially in the most fragile of the systems that we depend on for running all the other systems of techno-industrial economic life: finance. The pretense has endured a lot longer than many of us had expected. The legerdemain employed by banking officials and their handmaidens was greatly augmented by the sheer wish that fragility (i.e. risk) had been successfully and permanently banished from the universe. That “magic” at least sustained a universal faith in currencies until the middle of last year when so many monies went south — except the dollar, levitating on blowback of the deflationary wind flattening everything else.

All this unreality in money and markets should be expected in the conditions just preceding systemic collapse of an entire trans-national industrial civilization, just as one should expect societies to construct their most grandiose monuments to themselves shortly before collapse.

The Mayans R us. One year, they were cavorting bloodthirstily atop their garish painted pyramids and a generation later the jungle was stealing back over the temple steps and the population was a tenth of its former size. The same thing is going to happen to us, except there will be a hell of a lot more worthless, toxic debris left on the landscape.

[The above article is presented by  Lorimer Wilson, editor of  www.munKNEE.com and www.FinancialArticleSummariesToday.com and the FREE Market Intelligence Report newsletter (sample hereregister here) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. This paragraph must be included in any article re-posting to avoid copyright infringement.]

*Original Source: http://kunstler.com/forecast/forecast-2015/ (KUNSTLER © 2015. All Rights Reserved.)

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