Let's All Go Medieval | James Howard Kunstler

[Tace]

James Howard Kunstler -- World News Trust

May 27, 2013

That voice!

All a'quiver with the dread of self-knowledge that it is confabulating a story, much like the "money" that his Open Market Committee spins out of the increasingly carbonized air. His words fill the vacuum of the collectively blank American mind, where hopes and dreams spin like debris in an Oklahoma twister, only to fall incoherently on a landscape of man-made ruins.

If Federal Reserve chairman Ben Bernanke were hooked up to a polygraph machine when he made a public statement -- such as last Wednesday's testimony before congress -- I bet the output graph would look something like a seismic record of the 9.0 Fukushima megathrust, all fretful spikes and dips.

When historians of the future ponder our fate around their campfires, they will marvel that this society invited such a temporizing little nerd to act as its Oracle-in-Chief... that he made periodic visits to sit before the poobahs of the land, and issued prophesies that nobody could really understand -- and that the fate of the people in this land hung on his muttered ambiguities. Let's face it: people need oracles when they don't know what the fuck is going on.

What's going on is as follows: America's central bank is trying to compensate for a floundering economy that will never return to its prior state. The economy is floundering because its scale and mode of operation are no longer consistent with what reality offers in the way of available resources at the right price, especially oil. So, rather than change the scale and mode of operations in this economy -- that is, do things differently -- we try to keep doing things the same by flushing more "money" into the system, as though it were a captive beast receiving nutriment.

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http://worldnewstrust.com/lets-all-go-medieval-james-howard-kunstler

[pa28]

1. Well that's it. The Japanese should recognize the inivitable and go back to making netsuke.

Seriously though, Kunstler's brand of doom porn is fun to read sometimes but he's no economist.

Kunstler is at his best when he's talking about roving bands of Juggalos and people with neck tattoos taking the place of the former middle class. That's the good stuff.

[toby jo]

2. The markets'll reset themselves and take us down, but in the end, they'll still

be 'marketing'. 'Going medieval', funny stuff. Somebody's got a good eye for where it's at.