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Hazardous Games

IMG Auteur
Publié le 18 juin 2012
838 mots - Temps de lecture : 2 - 3 minutes
( 21 votes, 3,6/5 ) , 6 commentaires
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Rubrique : Editoriaux





The story-line behind the convulsions shaking the money centers of the world is such a hopeless labyrinth of mathematical metaphysics because abstraction unto infinity is the last refuge of those seeking to evade reality. This is why individual human beings faced with terrible choices go crazy, and it is true of societies and nations, too.

Reality is so boringly concrete. The facts just sit there implacably like dull cement bollards in a roadway, waiting for impact with objects in motion. These facts are as follows:

The world is dead broke. (By "world" I mean those places where the electricity is on more than it is off.) The world spent all of its future capital to stage an orgy of blow-out development and then the future arrived and there was no money to run everything.

To make matters worse, there are massive interest payments due on all that money misspent. Nobody has the means to pay the interest. All the activity around this fact is an Olympiad of money games that amount to musical chairs and hot potato, signifying that 1) there is not enough to go around, and 2) somebody has to end up stuck with a problem.

The orgy averred to above coincided with the last years of cheap and abundant energy supplies to run the development. That's over and done with, too, despite the strenuous efforts of wishful thinkers, cornucopian propagandists, and corporate racketeers to pretend that technological magic can make up for dwindling cheap supplies.

The net effect of all this is that advanced societies all over the planet have entered a comprehensive compressive contraction of activity and, more ominous, of technological progress. The world can't cope with contraction. For one thing, it wreaks havoc in the mechanisms of capital formation. Capital can only be formed under conditions where interest can be paid. That is, loans are only tenable when they can be paid back with interest. Hence, the current insanity in world financial markets and banks - the mad scramble to pretend that interest payments will be made on bailouts tendered to nations that cannot make interest payments.

The assumption that this craziness can go on forever without consequence is now dissolving in an international mood of frantic despair. The spotlight for the moment is on Europe because that is where the games of hot potato and musical chairs with the most players are underway. The mutual entanglements over money tendered and interest owed are so complex and abstruse that the number of moves needed to complete the games seems infinite. But trafficking with infinity is itself one of the universe's most hazardous ventures - it invariably ends in the death of the adventurer. What's more, the trajectory to that sorry ending accelerates fastest in the last moments of the venture. Hence, expect Europe to melt down like an overheated nuclear reactor, with an aftermath of deadly political goop oozing out to make parts of the continent unable to support human life at levels we are currently familiar with, i.e. civilized society.

That is to say I'd expect a lot of internal disorder in the nations of Europe in the decade to come, before there is even a chance of anything that resembles war between nations breaking out - and by the time war does occur, it may be fought with crude swords and helmets forged out of the scavenged detritus of a bygone age.

The current extravaganza across the Atlantic Ocean has taken the spotlight off doings here in our own colossal floundering confederation of quasi-sovereign American states. Our situation with money spent and interest due - and the resulting impairment of capital operations - only seem less dire in comparison. It's just that we are playing a different game than hot potato and musical chairs. Our game is more like the old American schoolyard game called salugi (suh-looj-gee), or "keep-away." The "big kids" (the one percenters) like Jamie Dimon, Jon Corzine, Lloyd Blankfein, et al, have stolen the baseball mitts of the dweeby little kids (the 99 percenters) so that most of the people in this country feel that they cannot participate in the national pastime anymore. The big kids have certain advantages, obviously, but sooner or later they run the risk of being torn to pieces by the vengeful mob. Of course, that happens when the game stops being simple keep-away but seems more and more a matter of larceny -- "they stole our mitts!"

When that moment arrives anything might happen politically here in the North America, from a corn-pone Nazi takeover of central government to a complete dissolution of the republic into autonomous and even hostile regions. Similar games and outcomes are possible in China, Russia, and the nations of the Middle East. In fact, the tendency world-wide in the face of accelerating compressive contraction will be to break up large political units into smaller units. The main question is: how much heat will that process of global fission generate as we lurch into a world made by hand.



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After looking up DETRITUS (it means waste materials or debris of any kind) I read these commentaries. I see James remains as controversial as ever. I've done some research on the World Made by Hand and I find that it's NOT a Utopian Dream that Kunstler made up. It's the circumstances arriving and forcing themselves on us as the world's resources run out.

To me, this edition, Hazardous Games, is just another picture of the reality surrounding us.
Evaluer :   1  2Note :   -1
If any one is the same old, same old its JHK.
I read it because I like his colourful use of words.
Mostly however he does not offer solutions, merely commentary and an end result.

Occasionally i get a chuckle from Jim C, and in his comment here he does offer a solution..Real Capitalism.
As for "Nobody has the means to pay the interest" I would suggest that the USA with 20% of the world's manufacturing output, superior technology and of course a printing press of last resort,it should not be too big a problem to overcome.

BTW my tip is for Germany to leave the Euro before any one else.
Evaluer :   2  3Note :   -1
Without a little dramatic, and even possibly true, possible-futures reference for the hard-core banksters to ponder, reality might never sink in and save the people. I'm with those who advocate austerities; instead of bread, we shall consume the ultra rich; pass the Gray Poupon. Let those who consider themselves first, be served first.
Evaluer :   2  3Note :   -1
According to Kunstler, "the world is dead broke." Naturally, to him, the solution is not a return to a system of economical responsibility (real Capitalism - not the poisond one laced with government intervention), but a return to a "world made by hand."

Man must give up any pretense of transforming nature for his benefit and thus the benefit of all -- and return to the world of the Cro-Magnon, thatched huts, cozy caves, flint knives.

Your child has a stomach ache and needs an appendix removed? Just rush him or her to a state of the art hospital with first class surgical equipment and recovery rooms. Well, no, they won't exist in Kunstler's utopia....just a old man with flint knife waiting in a dirty cave.

His books, like flies, are ubiquitous. Wear gloves and read them for a laugh.

Evaluer :   14  5Note :   9
Oh look, Jim came out from under his pile of Confederate flags to bitch again. Same old same old, bitch and whine, never anything to say and certainally never anything clever enough to cause one to chuckle.
Evaluer :   10  7Note :   3
Has this muppet not heard of COLD FUSION? Well he is about to and in a very big way!
Evaluer :   7  6Note :   1
Dernier commentaire publié pour cet article
After looking up DETRITUS (it means waste materials or debris of any kind) I read these commentaries. I see James remains as controversial as ever. I've done some research on the World Made by Hand and I find that it's NOT a Utopian Dream that Kunstler  Lire la suite
Gypsy - 20/06/2012 à 00:24 GMT
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