Archive for the ‘Economic Collapse’ Category

23
Mar

A detailed insight into the AIG mess

   Posted by: admin

Anyone who has been reading our blog often enough must be wondering why there are suddenly so many posts on economic issues (mostly bad) and Peak Oil (there can be only one side to that).  Well I can’t say why this is happening.  Maybe I was just pretending to be talking about happy farming and environment and all that but the real stuff I have been following and thinking about is what I never thought I would ever be interested in – economics!!!!!

BUT not only that but I am posting more of these issues because, pardon the expression, but the shit is hitting the fan faster than expected.  So  maybe it is for those who choose to see it coming and would like to run for cover………………..

Here it is and with US pumping one trillion dollars more into their system one has to read a bit of background.  Here it is.  It is an article called The Big Takeover and explains some of the things behind the AIG mess.  Try it.  It is better than reading short term distractions like what is going to happen to IPL 🙂

17
Mar

We must make a lot of mistakes

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Very interesting insight by Kurt Cobb into the path ahead as we hit economic crisis and peak oil.

Read it below (original at Kurt Cobb’s website Resource Insights)

We must make a lot of mistakes quickly

We often think of progress these days as coming from carefully planned research conducted by government- or corporate-funded laboratories with large staffs of scientists and technicians. As it turns out, many of the key innovations in history have arrived serendipitously or resulted from trial and error.

Most people know the story of Alexander Fleming’s discovery of penicillin. He wasn’t looking for antibiotics, but simply noticed that a certain area on one of his cultures was devoid of bacteria. He deduced that the mold he observed was producing a substance that inhibited bacterial growth.

As for trial and error, when we think of modern airplanes, we don’t normally imagine that their current configuration is largely a product of trial and error. In fact, the Wright brothers spent much of their time testing models in wind tunnels to observe their performance. This method is still used today for modern aircraft design though computer simulations have made it possible to evaluate the most promising designs before going to the expense of building and testing actual models. Today, an occupation called test pilot still survives, proving that despite all of our vaunted technology, we must yet rely on trial and error even in the most technological of pursuits. The modern management argot for this is: “Fire, ready, aim.”

It should come as no surprise then that efforts to create a sustainable society will require a lot of trial and error. This is true in part because we are still only starting to understand what practices in areas such as building, farming, transportation and energy production might be sustainable in the long run. (It is also true because people differ on what they mean by “sustainable” though that deserves a discussion all its own.)

The rather leisurely pace of early 20th century life in which the Wright brothers did their first experiments with aeronautical engineering has been replaced by the breakneck pace of modern 21st century society, a society which finds itself hurtling toward a rendezvous with limits in energy, water, soil and population. Hence, the admonition from Pat Murphy, the current executive director of what is now called the Arthur Morgan Institute for Community Solutions, that we must make a lot of mistakes quickly.

Murphy and his organization have been promoting German passive house design, a design that can reduce energy use by 80 to 90 percent. A builder by trade, he experimented with retrofitting a carriage house standing behind the offices of his organization. He said he used several types of insulation and made many mistakes. But his trial and error endeavor has advanced his thinking enormously about the problems of and solutions for passive house design in North America.

The “quickly” part of his admonition comes from his concern that world peak oil production is near or has already arrived, and that it will be followed by peak natural gas and peak coal production. That means that the trial and error process somehow needs to be speeded up in the area of sustainability.

Fortunately, many people around the globe are busy with wide-ranging experiments in building design, intentional communities, local food production, alternative energy, new forms of transportation, traditional neighborhood design, energy efficiency and the whole host of issues that fall under the rubric of sustainability for a lower-energy world.

It is important to keep in mind then that sustainability efforts are not likely to move from success to success, but as with every other endeavor will be marked by many useful failures and partial successes. That is why it is imperative that we “make a lot of mistakes quickly” so that successful formulas can be found soon in order to help others to avoid elementary mistakes that will slow our evermore urgent movement toward a sustainable society.

2
Mar

Jim Kunstler puts The Crash in Perspective

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Ever since the price of oil has collapsed along with the economy in unison, people have been confused and don’t correlate all the aspects of the chaos.  One thing they assume that Peak Oilers were wrong about price of Oil going thru the sky.  That is not true.  All that is best explained in Jim Kunstler’s weekly CFN Nation update – entitled “What Next?”.
You could read it at Jim Kunstlers Site.
A short excerpt is  below.
This is what Jim Kunstler has to say…………..
What next………….
“The Peak Oil story was never about running out of oil. It was about the collapse of complex systems in a world economy faced by the prospect of no further oil-fueled growth. It was something of a shock to many that the first complex system to fail would be banking, but the process is obvious: no more growth means no more ability to pay interest on credit… end of story, as Tony Soprano used to say.
Read the complete article at Jim Kunstlers Site.

Read excerpts from this excellent book called Overshoot: The Ecological Basis of Revolutionary Change.  It gives a chronological account of how man got into this mess of overconsumption and defining the world by his own fancy rules.  But mainly it draws a parallel between earlier Economic Collapses and the present one and shows how they were just previews of things to come.

6
Jan

Breaking the Silence on falling Oil Prices

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In case you are wondering why I have not put a post about the now falling prices of oil in the light that I was once giddily posting about the rising prices………. well first…….. nothing has changed.    The price has fallen as world economy has collapsed.  That was not what the Big Boyz were predicting anyway….

More imporant the fundaments have not changed.  Lower price only means lower demand but not lower consumption and so has not postponed the date for the effects of oil depletion to kick-in.  The sad part is that this stunning economic collapse has actually distracted people from the more fundamental event that is going to happen nevertheless.  It is like a big firework on the other side of the street that you turn to look at in awe while your own house burns behind you.

Check out my favourite author on the combined issues of Peak Oil and Economic Collapse.  Here is James Howard Kunstler with a Farewell to George W. Bush.

27
Jul

Peter Schiff Mortgage Bankers Speech 2006

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This guy predicted the credit crisis way back in 2006 and here he is addressing this to a group of mortgage bankers and trying to make them wake up. Wonder how many of them did.