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29-Apr-2019 11:42 by 5 Comments

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One is that they know the situation is hopeless but the consequences are so awful to contemplate that resorting to accounting fraud and pretense is preferable to facing reality.

The self-evident absence of growth means the end of borrowing money at all levels.Here’s what you need to know about what’s going on and where we’re headed. The government is broke and the citizenry is trapped under inescapable debt burdens.We are never again going to generate the kinds and volumes of “growth” associated with techno-industrial expansion.He has published three novellas with Water Street Press: Manhattan Gothic, A Christmas Orphan, and The Flight of Mehetabel.Wishful Thinking, Technology, and the Fate of the Nation The nationally best-selling author of "The Long Emergency" expands on his alarming argument that our oil-addicted, technology-dependent society is on the brink of collapse—that the long emergency has already begun. When you can’t pay back old loans, it’s unlikely that you will be able to arrange new loans.

The nation could pretend to be able to borrow more, since it can supposedly “create” money (loan it into existence, print it, add keystrokes to computer records), but eventually those tricks fail, too.

I mention these monetary matters because the system of finance is the unifying link between all the systems we depend on for modern life, and none of them can run without it. That’s why I write about markets and banks on this blog.

The authorities in this nation, including government, business, and academia, routinely lie about our national financial operations for a couple of reasons.

Lawrence corridors — and they also exist in regions of the country were food can be grown.

You’ll have to shift your energies into a trade or vocation that makes you useful to other people.

One way or another, you’ll have to earn everything worth having, including self-respect and your next meal. James Howard Kunstler is the author of many books including (non-fiction) The Geography of Nowhere, The City in Mind: Notes on the Urban Condition, Home from Nowhere, The Long Emergency, and Too Much Magic: Wishful Thinking, Technology and the Fate of the Nation.

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    This estimate was actually reduced over his lifetime to between 20 Ma and 40 Ma and eventually to less than 10 Ma. Perry, in particular, a noted physicists and former assistant to Kelvin, showed that cooling calculations using different but equally likely assumptions and data resulted in ages for the Earth of as much as 29 Ga.