Showing posts with label presidential race 2016. Show all posts
Showing posts with label presidential race 2016. Show all posts

Monday, November 21, 2016

Kunstler: "Boo Hoo" + Tulsi News

Emotions are still raw a few weeks later. So I'm linking to Kunstler's latest, but not posting it in full. Interestingly he says, "If that circus [i.e., controversy about Hillary's e-mails and the Clinton Fdn.--P.Z.] comes to town, Trump could benefit from the distraction it offers the public." Hasn't he already?

Kunstler: "Boo Hoo."

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Imani Gandy's tweet led me to search online about Tulsi's meeting with Trump. Hattie's Web addresses the meeting and includes a link to this. It would seem strange for her to leapfrog from a very safe Congressional seat to the Trump administration. At this point, given her youth, charisma, and her being a Democrat, Gabbard could be a representative as long as she wants. Campaigning is but a formality. Tulsi issues a statement about her meeting. In part, it reads:

“President-elect Trump and I had a frank and positive conversation in which we discussed a variety of foreign policy issues in depth. I shared with him my grave concerns that escalating the war in Syria by implementing a so-called no fly/safe zone would be disastrous for the Syrian people, our country, and the world. It would lead to more death and suffering, exacerbate the refugee crisis, strengthen ISIS and al-Qaeda, and bring us into a direct conflict with Russia which could result in a nuclear war. We discussed my bill to end our country’s illegal war to overthrow the Syrian government, and the need to focus our precious resources on rebuilding our own country, and on defeating al-Qaeda, ISIS, and other terrorist groups who pose a threat to the American people.

“For years, the issue of ending interventionist, regime change warfare has been one of my top priorities. This was the major reason I ran for Congress—I saw firsthand the cost of war, and the lives lost due to the interventionist warmongering policies our country has pursued for far too long.

“Let me be clear, I will never allow partisanship to undermine our national security when the lives of countless people lay in the balance."

Monday, November 14, 2016

Kunstler: "What Now?"

Kunstler on the election aftermath. All emphases mine.--P.Z.

Kunstler: "What Now?"

Not to put too fine a point on it, America coughed up Hillary Clinton like a hairball last week — the catch being it then had to swallow the Cheeto-colored bolus called Donald Trump. It was worth it to see the fog of Hillary-smuggery lift across the cable TV networks since the “I’m With Her / It’s Her Turn” fog was a cover for the looting operation that the permanent Washington DC establishment had turned into, including the Clinton Foundation.

Obviously, the nation is reeling from this emetic, struggling to process the meaning of it all. The big “tell” for me came at a moment in last week’s Slate Political Gabfest, a leftish-oriented podcast, when moderator David Plotz asked his sidekicks John Dickerson (of CBS News) and Emily Bazelon (of The NY Times) what the Democratic Party might do to regain legitimacy after this electoral disaster. Dead silence on the air. Nothing came to mind.

Something came to my mind as a long-time disaffected (registered) Democrat: jettison the stupid identity politics and get back to reality. Alas, that may be too much to ask. For now, the party lies in ruins without a single figure of stature to represent a coherent set of ideas other than boosting the self-esteem of its favor-seeking constituent groups. Here’s my idea: how about forming a credible opposition to the so-called Deep State, the matrix of racketeering and empire-building that has drained the life out of this polity. That was impossible with the racketeer-in-chief leading the blue electoral ticket, but now the dynamic stands naked and obvious, answering the question: what to do next?

Another catch, of course, is that opposing the Deep State of Rackets is pretty much what Mr. Trump has promised to do, if “draining the swamp” means anything. He never quite articulated it clearly beyond that metaphor, but you can bet that’s what the DC establishment is so alarmed about. Trump’s behavior on the campaign trail is now being hailed in the media as a kind of genius. To me, it still seems oafish to an extreme, and it remains to be seen how such a blunderer might finesse our escape from the empire of rackets and the racket of empire. He begins to look like a man in a tunnel staring down the harsh light of the onrushing gravy train.

Mr. Trump might not know it yet, but his chief task will be managing contraction. It would appear to be problematic, since his chief promise — “to make America great again” — is based on restarting the epic expansions of the 19th and 20th centuries. Well, things have changed. This is no longer a virgin continent filled with motherlodes, untapped oil bonanzas, and fabulous soils begging to be exploited. In fact, we’re close to being played out where those resources are concerned. And the techno-industrial economy engineered out of those assets is wobbling badly.

There is a Great Wish that this system might be replaced just-in-time with some as-yet-unrealized Green Alt Economy of solar-charged driverless electric cars — but, of course, the unchallenged pathetic idiocy of the assumed car dependence at the center of this fantasy ought to tell you how exactly unreal it is. The contraction we face has mandates of its own, and it doesn’t include the continuation of Happy Motoring on any terms. I’m quite certain that the Trump forces haven’t even imagined it.

I would propose three meta-matters in consideration of how America might survive the disorders of the Long Emergency: the financialization of the economy, the burdens of empire, and the fiasco of our suburban living arrangement.

The financialization of the economy is already playing into its disastrous climax as I write, with bond markets tanking all over the planet. What this means is that the long-ignored chickens of risk associated with debt are coming home to roost. As they do, they are going to shit over everything on the financial landscape. Industrial societies have been borrowing from the future to a grotesque degree for decades, pretending that these debts were assets rather than liabilities. That perception is about to change, and with it an enormous amount of presumed notional wealth is going to disappear. That will manifest in rising bond yields (and falling bond values), cratering currencies, panicked capital flows, banking emergencies, and weird action in markets. If that seems too metaphysical, you can also think of it as contracting economies and the withering of global trade relations. There’s also the chance it will express itself in kinetic conflict, i.e. war.

My sense of things is that this meta-predicament alone could overwhelm the Trump government from the very start. We could have problems with money orders of magnitude worse than anything FDR faced in 1933, with bank closures, the seizing of accounts, and the paralysis of everyday business. That would easily lead to civil disorders, a breakdown in law, and the immiseration of most Americans. It could also lead to previously-unimagined political outcomes, such as a discontinuity of government. This is connected with the second meta-problem, the burdens of empire.

The USA is squandering its vitality trying to maintain a half-assed global empire of supposed interests, economic, ideological, and existential. Lately, this hapless project has only resulted in wars with no end in places we don’t belong. It includes reckless experiments such as the promotion of regime change (Iraq, Libya, Ukraine, Egypt, Syria), and senseless, provocative exercises such as the use of NATO forces to run war games near Russia’s border. The monetary cost of all this is off the hook, of course, redounding to the financial mess. Reigning [sic--P.Z.] in these imperial impulses could be on the Trump agenda, but his own gold-plated imperial pretensions suggest that he might actually make the situation worse by conflating a reduction of our empire with a loss of the very “greatness” he wants to reclaim. As it happens, America may be forced by economic circumstances to yield the burdens of empire. The world is about to become a bigger place again as globalism winds down and the larger nations establish more realistic spheres of influence. We better get with the program.

Thirdly comes the question of how Americans inhabit the terrain: the suburban fiasco and all its accessories and furnishings. You can just stick a fork in that. The great project awaiting this country is how we might redistribute our people into re-scaled walkable communities with re-localized economies, including re-scaled agriculture. It’s going to happen whether we like it or not. It’s only a matter of how disorderly the process may be. Obviously all the suburban crapola out there also represents a tremendous load of presumed wealth. The vested “value” in suburban houses alone is the underlayment of structured finance. There is almost no conscious political awareness in any party — including the Greens — as to how we might attempt to work this out.

But, for example, and for a start, Mr. Trump might consider the effect that national chain “Big Box” shopping has had on Main Street America. It literally destroyed local commercial economies all over the land, and with it numberless vocational niches and social roles in communities. He can’t sign an edict against the Big Box empire, but his people might start imagining the process of rebuilding local networks of commerce and actively de-incentivizing the Big Box business model. That model has many other ways to fail, incidentally, and already is failing to some degree between the impoverishment of its customers and the growing problems with global supply lines. But anything that might lubricate the transition would be better than the stark collapse of the current arrangement.

The chatter this week has been all about the upcoming “infrastructure” orgy that Trump will undertake. That depends first of all on how badly the financial sector cracks up. I hope we do not squander more of our dwindling capital on the accessories of car dependence, because that addiction is on the way out. One thing Mr. Trump might get behind is restoring the passenger railroads of America so that we can at least get around the continental nation when the Happy Motoring fiesta grinds to a halt. It would put an awful lot of people to work on something with real long-term benefit — it ties into the restoration of Main Street towns and their economies — and it is a do-able project that might give us the needed encouragement to get on with the many other necessary projects awaiting our attention.

In case you were wondering, I was not jumping up and down cheering the Trump victory, amazing as it was. I figured the good news was that Hillary lost and the bad news was that Trump won. Now, we just have to roll with it.

Tuesday, November 08, 2016

Trump Has Won.

Nine forty-five p.m. as I type this. Trump has won.

Monday, November 07, 2016

Election Eve

Instead of posting only Kunstler's Monday column here, I'm gathering links to several of my favorite blogs for their takes on E-Day.

Washington Babylon: "Forget the Election, Time for Opposition."

Louis Proyect: "Should the Left Try to Take Over the Democratic Party?"

World Socialist Web Site: "The Nightmare Election Campaign Staggers to Its End."

Hattie's Web: "Watching Dumb Flicks and Waiting For the Election to Be Over."

Rod Dreher: "Dies Irae=Election Day."

Justin Raimondo: "Any Way You Put It."

Ian Lind: "Starting the Week Right (Photo)."



Not commentary, but a news-you-can-use articlePBS NewsHour, The Rundown: "In the hospital on Election Day? You can still vote. Here’s how."


Kunstler: The Fat Lady Has a Sore Throat.

A mighty nausea wells up across the land as the awful day cometh. Who will receive the black spot of fate on Tuesday? I wouldn’t want to be him or her on that dreadful day. The flagship of Modernity has lost its vaunted mojo and nobody knows what to do about it as the USS-USA pitches and yaws into the maelstrom.

Much opinion “out there” contends that we will have to suffer an election overtime, with the results contested on every hill and molehill from sea to shining sea. That scenario suggests various outcomes, all of them pretty bad: 1) the election is once again relegated to a Supreme Court case, only this time it ends up a 4-4 tie. Constitutional crisis time. 2) Perhaps as a function of No. 1, it ends up in the US House of Representatives. The catch is: members aren’t limited to Trump or HRC. They can vote for whoever they like. 3) A lot of web chatter has President Obama invoking some sort of emergency with the election postponed until some conclave of political viziers can figure a way out of it. Unlikely, but possible.

FBI Director James Comey’s eleventh hour reprieve of Hillary in the email server case sent an odor of rotting carp wafting across the political landscape. Like, his peeps actually vetted 650,000 emails in a week? I’m sure. Of course, the FBI does not issue indictments; that’s AG Loretta Lynch’s job over at the Department of Justice. The FBI only makes criminal referrals to such. But this puts too fine a point on the matter because the much more serious issue is the Clinton Foundation case, and the arrant sale of influence while HRC ran the State Department.

That currently overshadowed case is not closed. It sends up the odor not of a single rotting carp but of an entire whale pod dead on the beach. Half the emirs in Arabia dropped millions on the foundation to facilitate arms deals or to influence policy at State, and that was only part of what looks exactly like a classic racketeering operation. The Clinton Foundation story is not going away anytime soon and it will suck all the air out of the public arena for as far ahead as anyone can see when Hillary is in the oval office.

All of that obscures the gathering calamity in banking and finance that drives the waiting, whirling maelstrom. Thanks to eight years of central bank experiments, the engines of capital are hopelessly gunked up with political additives like QE and ZIRP™. Nothing is priced correctly, especially money. It’s all kept running on an ether of accounting fraud. We can’t come to grips with the resource realities behind the fraud, especially the end of cheap oil. And the bottom line is the already-manifest slowdown of global business. The poobahs of banking pretend to be confounded by all this because everything — their reputations, their jobs, their fortunes — depends on the Potemkin narrative that ever-greater economic expansion lies just around the corner.

Not so. What waits around the corner is a global scramble for the table scraps of the late techno-industrial banquet. Scrambles like that are liable to foment kinetic conflict. Neither Hillary or Trump appear to have a clue what this means and so they are likely to misinterpret the true signals amid all the noise and start an unnecessary war. Hillary is already hard at it with her cawing over supposed “Russian hackers” in the election.

The tragedy of Trump is that he represented a roster of legitimate grievances but argued them so poorly and then betrayed them with behavior so oafish and crude that he often looked not sane enough to hold high office. His partisans brushed that aside, saying it was good enough that he personified a giant “fuck you” to the political establishment. No, that wasn’t good enough because in the process he de-legitimized the issues.

For instance, There are excellent arguments for a “time-out” from immigration. Congress acted on that in 1925, after a half-century flood of immigration needed to man the factories of the early 20th century. The consensus on that policy change was arrived at with minimal rancor — and just in time, by the way, for the Great Depression, when manufacturing employment crashed. We’re also in for a collapse of activity, only this time it won’t be the few remaining factory workers. It’ll be everyone from the McDonalds counter jockeys to the bond packagers of Goldman Sachs.

The establishment will get its “fuck you” anyway. I do go along with the argument advanced by others that it would probably be better for Hillary to win, because that way the right people (the gang already in power) will be blamed for the descent into the maelstrom and will be expeditiously swept away.

Just about anything may rise up across America after that — the true corn-pone Nazi who succeeds Trump in the meshuggeneh branch of conservative politics… a second civil war… or a World Made By Hand. I detect a general awareness that the country must pass through some epic ordeal to straighten itself out. Well, here it is, just in time or the holidays.

Me? I’m going to write-in my vote for Homey D. Clown, because he don’t mess around. [It was "Homey don't play that!"--P.Z.]

Monday, October 31, 2016

Kunstler: Halloween Nation.

Kunstler's latest.

Halloween Nation.

What was with James Comey’s Friday letter to congress? It looks to me like the FBI Director had to go nuclear against his parent agency, the Department of Justice, and Attorney General Loretta Lynch, his boss, in particular. Why? Because the Attorney General refused to pursue the Clinton email case when more evidence turned up in the underage sexting case against Anthony Weiner, husband of Hillary’s chief of staff, Huma Abedin.

Over the weekend, the astounding news story broke that the FBI had not obtained a warrant to examine the emails on Weiner’s computer and other devices after three weeks of getting stonewalled by DOJ attorneys. What does it mean when the Director of the FBI can’t get a warrant in a New York minute? It must mean that the DOJ is at war with the FBI. Watergate is looking like thin gruel compared to this fantastic Bouillabaisse of a presidential campaign fiasco.

One way you can tell is that The New York Times is playing down the story Monday morning. Columnist Paul Krugman calls the Comey letter “cryptic.” Krugman’s personal cryptograph insinuates that Comey is trying to squash an investigation of “Russian meddling in American elections.” Senate Minority Leader Harry Reid chimed in with a statement that “it has become clear that you [Comey] possess explosive information about close ties and coordination between Donald Trump, his top advisers and the Russian government.” How’s that for stupid and ugly? It’s the Russian’s fault that Hillary finds herself in trouble again?

Earlier this week, lawyers at the DOJ attempted to quash a parallel investigation of the Clinton Foundation. They must be out of their minds to think that story will go away. Isn’t it about time that a House or Senate committee subpoenaed Bill Clinton to testify under oath about his June airport meeting with Loretta Lynch. He doesn’t enjoy any special immunity in this case.

Speaking of immunity, when will we learn what kind of immunity Huma Abedin may have been granted in previous cycles of the email investigation? Plenty of other Clinton campaign associates got immunity from prosecution earlier this year, rendering bales of evidence on their own laptops inadmissible in the email server case.

Things as yet unknown: Where is US Attorney (for the Southern District of New York) Preet Bharara in this case? He works for the DOJ, but he is known to be an independent operator, and he must be already involved at least in the underage sexting case against Weiner, meaning he’s had access to an awful lot of collateral evidence from Weiner’s laptop, and must have obtained some kind of warrants of his own.

What appears to be unraveling is the AG Loretta Lynch’s effort to protect Hillary Clinton and now, in this Alfred Hitchcock movie of a presidential election, she’s trying to make it look like James Comey is stabbing Hillary in the shower. (Film buffs note: in Hitchcock’s Psycho the character played by Janet Leigh made off with a bundle of money from her place of employment before Norman Bates worked his hoodoo on her at the motel.)

Trump, of course, is playing the escapade up in his usual idiotic way. It would be unfortunate if it ended up getting him elected — but how would it not be unfortunate for Hillary to wind up in the White House under a cloud of possible indictment? She will be doing Chinese fire drills with a special prosecutor the whole time she is in office, tempted at every moment to start a war with the Russians to divert attention from her legal problems.

Soon we will learn what kind of tensions are roiling between the FBI and the DOJ, and internally within each of these agencies. There are too many pissed off people there to prevent leakage, and probably plenty of email memoranda among the officials that would nicely lay out a trail of incrimination leading into the Attorney General’s office itself.

What a fine mess. And anybody who thinks that any of it might be resolved before November 8 will be disappointed. This story has so many legs, it looks like a Amazonian centipede compared to the lumbering cockroach that was Watergate. The awful proceedings will grind on and on while the US economy and its vampire squid matrix of financial rackets implode in 2017 along with the European Union and global trade. How do you like The Long Emergency now?

Monday, October 24, 2016

Kunstler: Slouching Towards Election Day.

Kunstler: Slouching Towards Election Day.

It’s getting hard to give a shit about this election, though you might still care about this country. The damage has been done to the two long-reigning political parties and perhaps that’s a good thing. They deserved to be dragged into the gutter and now they can either go through a severe rehab or be replaced by as-yet-unformed coalitions of reality-based interests.

Trump did a greater disservice all-in-all to the faction he supposedly represented. Their grievances about a grift-maximized political economy were genuine, and Trump managed to make them look like a claque of sinister clowns. This cartoon of a rich kid with no internal boundaries was unable to articulate their legitimate complaints. His behavior during the so-called debates verged on psychotic. If Trump loses, I will essay to guess that his followers’ next step will be some kind of violence. For the moment, pathetic as it is, Trump was their last best hope.

I’m more comfortable about Hillary — though I won’t vote for her — because it will be salutary for the ruling establishment to unravel with her in charge of it. That way, the right people will be blamed for the mismanagement of our national affairs. This gang of elites needs to be circulated out of power the hard way, under the burden of their own obvious perfidy, with no one else to point their fingers at. Her election will sharpen awareness of the criminal conduct in our financial practices and the neglect of regulation that marked the eight years of Obama’s appointees at the Department of Justice and the Securities and Exchange Commission.

The “tell” in these late stages of the campaign has been the demonization of Russia — a way more idiotic exercise than the McCarthyite Cold War hysteria of the early 1950s, since there is no longer any ideological conflict between us and all the evidence indicates that the current state of bad relations is America’s fault, in particular our sponsorship of the state failure in Ukraine and our avid deployment of NATO forces in war games on Russia’s border. Hillary has had the full force of the foreign affairs establishment behind her in this war-drum-banging effort, yet they have not been able to produce any evidence, for instance, in their claim that Russia is behind the Wikileaks hack of Hillary’s email. They apparently subscribe to the Joseph Goebbels theory of propoganda [sic--P.Z.]: if you’re going to lie, make sure it’s a whopper, and then repeat it incessantly.

The media has been on-board with all this. The New York Times especially has acted as the hired amplifier for the establishment lies — such a difference from the same newspaper’s role in the Vietnam War ruckus of yesteryear. Today (Monday) they ran an astounding editorial “explaining” the tactical necessity of Hillary’s dishonesty: “In politics, hypocrisy and doublespeak are tools,” The Times editorial board wrote. Oh, well, that’s reassuring. Welcome to the George Orwell Theme Park of Democracy.

Of course neither Trump nor Hillary show any signs of understanding the real problems afflicting the USA. They don’t recognize the basic energy equation that has made it impossible for industrial economies to keep growing [Emphasis mine.--P.Z.], or the deformities in banking and finance that result from official efforts to overcome these implacable conditions, namely, the piling up of ever-greater debt to “solve” the problem of over-indebtedness.

The beginning of the way out of this quandary will be recognition that the federal government is the greatest obstacle for America making the necessary adjustments to a world that has changed. If Trump got elected, I’m convinced that he would be removed from office by a military coup inside of a year, which would be an epic smash-up of our political machinery per se, comparable to the period 44 BCE in Rome, when the republic crashed. Hillary would bring a more measured discredit to the system with the chance that our institutions might be rehabilitated — with the cherry-on-top being Hillary’s eventual impeachment for lying, a fate that her husband and the late Richard Nixon both wiggled out of one way or another.

Monday, October 17, 2016

Kunstler: The Odor of Desperation

Kunstler: The Odor of Desperation.

It must be obvious even to nine-year-old casual observers of the scene that the US national election is hacking itself. It doesn’t require hacking assistance from any other entity. The two major parties could not have found worse candidates for president, and the struggle between them has turned into the most sordid public spectacle in US electoral history.

Of course, the Russian hacking blame-game story emanates from the security apparatus controlled by a Democratic Party executive establishment desperate to preserve its perks and privileges . (I write as a still-registered-but-disaffected Democrat). The reams of released emails from Clinton campaign chairman John Podesta, and other figures in HRC’s employ, depict a record of tactical mendacity, a gleeful eagerness to lie to the public, and a disregard for the world’s opinion that are plenty bad enough on their own. And Trump’s own fantastic gift for blunder could hardly be improved on by a meddling foreign power. The US political system is blowing itself to pieces.

I say this with the understanding that political systems are emergent phenomena with the primary goal of maintaining their control on the agencies of power at all costs. That is, it’s natural for a polity to fight for its own survival. But the fact that the US polity now so desperately has to fight for survival shows how frail its legitimacy is. It wouldn’t take much to shove it off a precipice into a new kind of civil war much more confusing and irresolvable than the one we went through in the 1860s.

Events and circumstances are driving the US insane literally. We can’t construct a coherent consensus about what is happening to us and therefore we can’t form a set of coherent plans for doing anything about it. The main event is that our debt has far exceeded our ability to produce enough new wealth to service the debt, and our attempts to work around it with Federal Reserve accounting fraud only make the problem worse day by day and hour by hour. All of it tends to undermine both national morale and living standards, while it shoves us into the crisis I call the long emergency.

It’s hard to see how Russia benefits from America becoming the Mad Bull of a floundering global economy. Rather, the Evil Russia meme seems a projection of our country’s own insecurities and contradictions. For instance, we seem to think that keeping Syria viciously destabilized is preferable to allowing its legitimate government to restore some kind of order there. Russia has been on the scene attempting to prop up the Assad government while we are on the scene there doing everything possible to keep a variety of contestants in a state of incessant war. US policy in Syria has been both incoherent and tragically damaging to the Syrians.

The Russians stood aside while the US smashed up Iraq, Afghanistan, and Libya. We demonstrated adequately that shoving sovereign nations into civic failure is not the best way to resolve geopolitical tensions. Why would it be such a bad thing for the US to stand aside in Syria and see if the Russians can rescue that country from failure? Because they might keep a naval base there on the Mediterranean? We have scores of military bases around the region.

It’s actually pretty easy to understand why the Russians might be paranoid about America’s intentions. We use NATO to run threatening military maneuvers near Russia’s borders. We provoked Ukraine — formerly a province of the Soviet state — to become a nearly failed state, and then we complained foolishly about the Russian annexation of Crimea — also a former territory of the Soviet state and of imperial Russia going back centuries. We slapped sanctions on Russia, making it difficult for them to participate in international banking and commerce.

What’s really comical is the idea that Russia is using the Internet to mess with our affairs — as if the USA has no cyber-warfare ambitions or ongoing operations against them (and others, such as hacking Angela Merkel’s personal phone). News flash: every country with access to the Internet is in full hacking mode around the clock against every other country so engaged. Everybody’s doing it. It is perhaps a projection of America’s ongoing rape hysteria that we think we’re special victims of this universal activity.

Sunday, October 09, 2016

Today's Debate



(I don't know if he follows Nall and Coulter. I'm only citing them as examples of the disparate response to the debate, which I am watching, actually, while I work.)



Monday, October 03, 2016

Kunstler: Sizing Up the Endgame.

Kunstler announces he'll vote for Hillary, but he's not with her, and never will be with her.

Kunstler: Sizing Up the Endgame.

All Hillary had to do last week was show up and stand at a podium for ninety minutes without swooning while Donald Trump barked and grunted his way through the half-assed press conference we like to call a “debate.” It was all I could do to keep watching the nauseating spectacle. It made you want to reach out and whap your TV upside its head, or maybe just shoot the fucker, like Elvis used to do.

The torment of who or what to vote for has become unbearable. I’d considered casting mine for Johnson / Weld, until Gary Johnson demonstrated that the front end of his brain is missing. Aleppo? Wasn’t he one of the Marx Brothers? I sense that Jill Stein of the Green Party is more Social Justice Warrior than EcoWarrior, and the last thing I want is for the rest of America to become one big college campus rife with trigger warnings and micro-aggression persecutions. Vote for Trump? Not if you chained me to the back bumper of a Toyota Landcruiser and dragged me over six miles of broken light bulbs. Hillary? Make that nine miles, and throw down some carpet tacks.

But wait a minute…! Here’s something to consider: a proposition put out by David McAlvany on his podcast last week: To Understand Election 2016 You Have to See 2020. (The new podcast is posted on Wednesdays, so to listen after Oct 5 you’ll have to click back a week.) The idea is that the winner of the presidential election is sure to be the biggest loser because the global economy is in the process of tanking, Long Emergency style, and the global finance system is going down with it. Whoever presides over this fiasco from the White House is going to be a bigger bag-holder than old Herbert Hoover in 1929.

The salutary part of the story is that such an epochal crack-up will sweep the establishment out of power. In the present case, this means discrediting the crony-capitalist, revolving-door grifters of the Wall Street / Washington axis, plus the neo-con military empire-builders bent on starting World War Three for profit, plus the economic central planners of the Federal Reserve whose desperate meddlings have nearly destroyed the necessary operations and meaning of money. And the cherries on top to get thrown out with the rest of this giant shit sundae would be the campus cultural Maoists. In short, vote for Hillary and let history flush them all out of the system.

A vote for Trump would let the aforesaid villains and bunglers off the hook because supposedly Trump represents free market business interests, and if he got elected they would be blamed for the economic and financial cataclysm which has been in motion for going on for two decades — and has accelerated mightily under the genial Obama. Whatever else you might say about free markets, had they been allowed to operate naturally, a lot of dead wood might have been cleared out of the financial forest by allowing failing institutions and companies to crash and burn. Instead, they were artificially propped up and hosed down with bailouts and other accounting frauds at all costs. The cost turns out to be the coherent workings of markets.

There can be little question that Hillary represents so much that has gone wrong in American public life under the Baby Boomer regime. The fact that she will be the oldest president ever at inauguration itself says a lot about the limitless cupidity of the Boomer political gen. They just don’t know when to stop. It’s history’s job to stop them now, nature’s way, by seating them at the banquet of consequences for all their poisonous cookery and quackery.

Watching these lamebrain debates, you get the impression that the folks running things, including media stars like the debate moderators, lack the slightest clue about the gathering economic storm. They are too busy reading the false weather reports posted by the Fed and the US Bureau of Labor Statistics. Both Hillary and Trump seem to believe that we can winkle our way back to a 1962-style economy if we click our ruby slippers three times. That is not going to happen.

There are too many people on-board the planet and too few resources to keep them all going. It’s hard to say whether we might have managed the necessary contraction, say, starting back in the 1970s when the writing was on the wall and a truly honest president (one Jimmy Carter) spelled it out in plain English. We blew it, electing Ronald Reagan to enable the final feeding frenzy of the techno-industrial age.

Now it’s up to natural forces — and their galloping horsemen — to get the job done. So let us by all means throw out votes behind Hillary and let her rip so we can move on from there sooner rather than later and find new ways to remain civilized in the coming disposition of things.

Tuesday, September 27, 2016

After the Debate: An Assortment of Tweets



































Wednesday, September 21, 2016

India vs. Pakistan, etc.

While people are blathering about Skittles and Brangelina, CNN asks, "Could India and Pakistan Go to War?"

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Lighter but still substantial:

"Your Vote for Jill Stein is a Wasted Vote."

"Your Vote For Jill Stein Is Not A Wasted Vote."

Krugman vs. Johnson










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"The Myth of Gary Johnson" by someone named Judd Legum.



Monday, September 19, 2016

Kunstler: Slowly, Then All at Once.

Kunstler: Slowly, Then All at Once.

The staggering incoherence of the election campaign only mirrors the shocking incapacity of the American public, from top to bottom, to process the tendings of our time. The chief tending is permanent worldwide economic contraction. Having hit the resource wall, especially of affordable oil, the global techno-industrial economy has sucked a valve in its engine.

For sure there are ways for human beings to inhabit this planet, perhaps in a civilized mode, but not at the gigantic scale of the current economic regime. The fate of this order has nothing to do with our wishes or preferences. It’s going down whether we like it or not because it was such a violent anomaly in world history and the salient question is: how do we manage our journey to a new disposition of things. Neither Trump or Clinton show that they have a clue about the situation.

The quandary I describe is often labeled the end of growth. The semantic impact of this phrase tends to paralyze even well-educated minds, most particularly the eminent econ professors, the Yale lawyers-turned-politicos, the Wall Street Journal editors, the corporate poobahs of the “C-Suites,” the hedge fund maverick-geniuses, and the bureaucratic errand boys (and girls) of Washington. In the absence of this “growth,” as defined by the employment and productivity statistics extruded like poisoned bratwursts from the sausage grinders of government agencies, this elite can see only the yawning abyss. The poverty of imagination among our elites is really something to behold.

As is usually the case with troubled, over-ripe societies, these elites have begun to resort to magic to prop up failing living arrangements. This is why the Federal Reserve, once an obscure institution deep in the background of normal life, has come downstage front and center, holding the rest of us literally spellbound with its incantations against the intractable ravages of debt deflation. (For a brilliant gloss on this phenomenon, read Ben Hunt’s essay “Magical thinking” at the Epsilon Theory website.)

One way out of this quandary would be to substitute the word “activity” for “growth.” A society of human beings can choose different activities that would produce different effects than the techno-industrial model of behavior. They can organize ten-acre farms instead of cell phone game app companies. They can do physical labor instead of watching television. They can build compact walkable towns instead of suburban wastelands (probably even out of the salvaged detritus of those wastelands). They can put on plays, concerts, sing-alongs, and puppet shows instead of Super Bowl halftime shows and Internet porn videos. They can make things of quality by hand instead of stamping out a million things guaranteed to fall apart next week. None of these alt-activities would be classifiable as “growth” in the current mode. In fact, they are consistent with the reality of contraction. And they could produce a workable and satisfying living arrangement.

The rackets and swindles unleashed in our futile quest to keep up appearances have disabled the financial operating system that the regime depends on. It’s all an illusion sustained by accounting fraud to conceal promises that won’t be kept. All the mighty efforts of central bank authorities to borrow “wealth” from the future in the form of “money” — to “paper over” the absence of growth — will not conceal the impossibility of paying that borrowed money back. The future’s revenge for these empty promises will be the disclosure that the supposed wealth is not really there — especially as represented in currencies, stock shares, bonds, and other ephemeral “instruments” designed to be storage vehicles for wealth. The stocks are not worth what they pretend. The bonds will never be paid off. The currencies will not store value. How did this happen? Slowly, then all at once..

We’re on a collision course with these stark realities. They are coinciding with the sickening vectors of national politics in a great wave of latent consequences built up by the sheer inertia of the scale at which we have been doing things. Trump, convinced of his own brilliance, knows nothing, and wears his incoherence like a medal of honor. Clinton literally personifies the horror of these coiled consequences waiting to spring — and the pretense that everything will continue to be okay with her in the White House (not). When these two gargoyle combatants meet in the debate arena a week from now, you will hear nothing about the journey we’re on to a different way of life..

But there is a clear synergy between the mismanagement of our money and the mismanagement of our politics. They have the ability to amplify each other’s disorders. The awful vibe from this depraved election might be enough to bring down markets and banks. The markets and banks are unstable enough to affect the election.

In history, elites commonly fail spectacularly. Ask yourself: how could these two ancient institutions, the Democratic and Republican parties, cough up such human hairballs? And having done so, do they deserve to continue to exist? And if they go up in a vapor, along with the public’s incomes and savings, what happens next?

Enter the generals.

Saturday, September 17, 2016

A PeakProsperity Interview with Kunstler

Why Kunstler seems to harp on money, finance, etc. He discusses the presidential race too.

Monday, September 12, 2016

Kunstler: Signs of Desperation.

Kunstler: Signs of Desperation.

Idiocy and mendacity are a bad combo in the affairs of nations, especially in elections. The present case in the USA displays both qualities to near-perfection: on one side, a boorish pseudo-savior in zero command of ideas; on the other side, a wannabe racketeer-in-chief in full command of her instinctive deceit. Trump offers incoherent rhetoric in opposition to the current dismal order of things; Clinton offers empty, pandering rhetoric in defense of that order. Both represent an epic national drive toward political suicide.

The idiocy and mendacity extend to the broad voting public and the discredited elites pretending to run the life of the nation. The American public has never been this badly educated and more distracted by manufactured trivia. They know next to nothing. Even college seniors can’t name the Secretary of State or find Switzerland on a map. They don’t know in what century the Civil War took place. They couldn’t tell you whether a hypotenuse is an animal, a vegetable, or a mineral. Their right to vote is a danger to themselves.

The elites operate in their own twilight zone of ignorance, only at a loftier level, flying on wings of sheepskin. Submitted for your approval: Harvard wizard Kenneth Rogoff’s new book, The Curse of Cash. This is the latest salvo in the international campaign to herd all money into the control of central banks and central governments, supposedly to make central planning of the economy more effective — but really for the purpose of extending the fallacy that the mis-pricing of credit and collateral (that is, of everything) can save the current incarnation of crony capitalism, and more to the point, save the fortunes of the racketeers running it, along with the reputations of their intellectual errand boys. Henceforth, all “money” transactions would be traceable, allowing unprecedented power for authorities to regulate the lives of citizens.

It remains to seen whether the American public might be snookered into this scheme, which already has some traction in Europe. Of course, Europe is headed into some interesting political heavy weather of its own in the months ahead, and there is plenty of reason to think that even the docile people of Denmark and Sweden might eventually revolt against the central bank regime if they see the Germans do it.

Aggravating matters is the hyper-complexity of our current financial arrangements, much of it in the service of deliberately mystifying the masses. Does the public understand the rationale behind zero interest rate policy (ZIRP)? Not any more than they understand the interaction of gluons and quarks or the doctrine of the Holy Trinity. It is one of the abiding mysteries of our time, for instance, that a group like AARP, purporting to represent the interests of retired persons, has offered not a peep of pushback to ZIRP, which has pounded retired people dependent on savings into penury. Of course, this might be explained by the pervasive racketeering feature of our current national life: AARP is an insurance racket masquerading as a citizen interest group. Or, stretching credulity to suppose that AARP is honest, perhaps the org’s executives don’t understand that zero interest on savings equals zero income to savers.

Kenneth Rogoff tries to justify his war on cash by invoking two of the era’s favorite bogymen: terrorists and drug dealers. Cash, he says, allows this axis of evil to do its thing(s). This is a ruse, of course. If currency is eliminated, these outfits will turn to gold and silver, it’s that simple. And so will everybody else, by the way. The real reason to abolish cash and herd all money into central banks is to permit the authorities to confiscate it one way or another, either by unavoidable taxation or by “bail-ins” — declaring deposits to be “unsecured loans” that can be repudiated in the event of a financial “accident.”

The results are already in for this experiment: “money” becomes more and more dishonest, that is, it cannot be trusted to represent what it pretends to stand for: an index of account and a store of value. Its role as the basis of capital formation is so impaired that real capital (i.e. wealth) cannot be generated, meaning that none of the credit issued as “money” will ever be paid back. Zero interest rate policy eventually equals zero interest paid. “Money” based on loans that won’t be paid back loses its legitimacy. Herding all the “money” onto central bank computers only allows for more three-card-monte maneuvers to conceal the bezzle. It would be much harder to hide the destruction of value in circulating paper currency. Eliminating currency as a medium of exchange can only lead to the repudiation of “money” — which will beat a quick path to the repudiation of all authority. And there is your recipe for really suicidal political disorder.

One more thing this week: why exactly are America’s Clinton-invested political elites inveighing so strenuously against Russia and its president, Mr. Putin? The US has gone out of its way to provoke Russia militarily the past several years. We foolishly sponsored the revolution in Ukraine that has left it a failed state — and which prompted Russia to reclaim the Crimea, historically its own territory and the site of its strategically crucial warm water ports. We continue to run NATO war game exercises along Russia’s borders. We fly surveillance planes in their airspace and then act surprised when Russia sends up fighters to remind us where we are. We hold naval exercises in the Black Sea and wonder why the Russians buzz us. Are we out of our minds? How would we act if the Russians flew their planes over Catalina Island or held naval war games off Hampton Roads? Who does the US policy elite think they’re kidding?

These memes in financial and foreign policy are dangerously crazy and dishonest. They are doing a good job of making the US political establishment look like a claque of fools and outlaws, and laying a red carpet for the election of Trump, the fake savior… the apotheosis of the fabled Greater Fool.

Sunday, September 11, 2016

Not This Year

One may or may not agree with the premise of this column, but I like that he points out the good in Johnson and Stein. It's a refreshing change from the countless posts about how clueless and bad they are.


Friday, September 09, 2016

The Aleppo Gaffe










"Gary Johnson's Aleppo Gaffe Is an Inexcusable Blunder, But Hardly Unique to Presidential Candidates."



Monday, September 05, 2016

Kunstler: A Pleasant Lull.

Kunstler: A Pleasant Lull.

A pleasant lull lies over the land where today fewer people labor honestly — and some labor gruelingly for too little — while a matrix of rackets sustains the illusion that our living arrangements have a future. Is Quarterback Colin Kaepernick on the minds of the millions moiling around their backyard barbeques? I applaud his refusal to stand for the national anthem, though not for the reasons he stated. Rather, because I’m sick of vulgar symbolism in a dark moment of a fraying culture that demands more than cheap talk and lame gestures.

In case you’re wondering, the reason we’re subject to all these repetitions of The Star Spangled Banner is not for love-of-country but something quite the opposite: the fear that its promises are empty. Ever wonder why every public official in the land has to wear a flag lapel pin? Should it be necessary for the president of the US to signal his devotion to duty? Wouldn’t we normally just assume this to be the case? No, it signals the widespread and generalized anxiety that the national condition is dire and that we don’t have the confidence or the clarity to face the challenges of the time. President Obama might as well wear a crucifix or a bulb of garlic in his lapel.

In this presidential election year especially, Labor Day serves as a sort of collective deep breath before the plunge into a season of political anguish. The number of potential voters disgusted with the choice between two clueless monsters of egotism must be epic. If WalMart held a sale on bullshit filters, they might stand a chance of turning a Q3 profit. Otherwise, expect economic performance to be increasingly frightening even if The New York Times and CNN continue to spin out tales of unicorns jumping rainbows.

Events, not personalities, are going to demonstrate where things are at in the late-stage techno-industrial crack-up at hand. The shamans at the Federal Reserve have exhausted their repertoire of incantations for levitating the financial markets and, more ominously, the value of the US dollar. The prankish god they serve has arranged things so that the very faith needed to sustain their illusory influence will run down the drain as November 8 creeps closer. They must be getting awfully nervous down at the Eccles Building.


The sudden bankruptcy of South Korea’s Hanjin Shipping Company [Link added by me.--P.Z.] ought to send shivers down the scaly spines of globalism’s cheerleaders. Fragility is everywhere in this unraveling network of gigantic, far-flung promises and obligations. The former middle class of America has lost its ability to absorb anymore smart phones or Kardashian brand Pure Glitz hairspray©. They’re pacing grooves in the faux hardwood floors of their McHomes through reams of unpayable bills trying to stave off the re-po squad while Grandma slips into a diabetic coma. These are the good folks who supposedly comprise 70 percent of the so-called economy, a.k.a. “consumers.” You can stick a fork in them — and maybe we’ll hear a few reports of that on Tuesday when the holiday barbeques smolder their last.

More concerning, though, are the conditions of the banks. When their true insolvency is revealed — which may coincide with the height of the election season — look out below. The bankruptcy of one measly shipping company will look like a zit on the ass of a diving blue whale as countless trade operations seize up for lack of confidence that they will ever be paid. Then what?

Then we are forced to pay attention to the actual dynamics now at work in the world. Or be driven crazy by our refusal to get with the program. I tend to think we’ll opt for the latter. We’re too unused to reality. We’d rather crash and burn than change anything about our behavior, or even our perception. Both Trump and Hillary are perfect avatars for this date with a hard landing. The disorder both of them are capable of inducing will be a spectacle for the ages.

Monday, August 29, 2016

Kunstler: Trending.

Kunstler cannot stand Hillary. You knew that. But the main question is: Are we on the brink of the "worst crisis since the Civil War"?

Kunstler: Trending.

Would fate permit it, the election of Hillary Clinton will be the supreme and perhaps terminal act in an Anything-Goes-And-Nothing-Matters society. Yet, even with the fabulous luck of running against a consummate political oaf, she struggles to get the upper hand, and she may land in the White House with the lowest voter turnout in modern history. And then her reward in office may be to dodge indictment for four years while the nation crumbles around her. This is the way the world ends: not with a bang or a whimper but with a cackle.

Imagine the scene following Hillary’s election. In order to salvage the last shred of its credibility, the Federal Reserve raises its overnight funds rate another quarter percent and crashes the last Potemkin semblance of a “recovering” economy, that is, the levitated stock markets. Tens of millions of retired individuals previously driven into them by zero interest rate policy are wiped out. Even more gravely, pension funds and insurance companies are destroyed, but not before their troubles trigger derivative contracts with big banks which then explode and expose the inability of counterparties to make good on their ends of the bet.

In a blind panic, the Federal Reserve reverses its policy in December, drops the Fed Funds interest rate back to 25 basis points and announces the grandest new round of “quantitative easing” (money printing) ever, while congress is coerced into voting for the greatest bailout of institutions the world has ever seen, along with a “one time” helicopter drop of a cool trillion dollars in the form of combined tax cuts and “shovel-ready infrastructure projects.” The media rejoices. The US Dollar tanks. Absolutely nobody wants US treasury bonds, bills, and notes. The pathetic remnant of the American middle class stares into the abyss. (If it looks hard enough, it sees the US government down there.)

We’re now living in the setup for this, treating the election shenanigans so far as just another sordid television entertainment. It’s more than that. It’s an engraved invitation to the worst crisis since the Civil War. The crisis may even feature events like a civil war with identity groups skirmishing around our already-ruined “flyover” cities just like the factions in Aleppo and Fallujah. Thank the “Progressive” Left for that. Believe me, history will blame them for chucking the idea of a unifying common culture onto the garbage barge.

And yes, for all our tribulations here in America, the rest of the world will be struggling with its own epic disorders. It remains to be seen whether they will lead to war as, say, the Chinese ruling party attempts to evade the crash of its own rickety banking system, and the inflamed millions of ruined “investors,” by starting a brawl with Japan over a few meaningless islands in the Pacific. Could happen. And, oh, is North Korea for real with its right out front nuclear bomb-and-missile program? What does the rest of the world plan to do about that?

You don’t even want to look at the Middle East. The grisly conflicts there of recent decades are just a prelude to what happens when the House of Saud loses its grip on the government. That will happen, and then the big question is whether Aramco can continue to function, or whether the critical parts of it end up damaged beyond repair as competing tribes fight over it. In any case, the world will begin to notice the salient fact of life in that part of the world: namely, that the Arabian desert, and much of the great band of arid territory on either side of it, cannot support the populations that mushroomed in the nutrient bath of the 20th century oil economy. And they won’t all be able to self-export to Europe either.

Speaking of that interesting region, around the same time Hillary sets up for intensive care in the third floor of the White House, the old order will be swept away across Europe. Farewell Merkel and Monsieur Hollandaise. Farewell to the squishy Left all over the place. Enter the hard-asses. You’d think if anything might unite that continent it might be the wish to defend secular freedom under the rule of law, but even that remains to be seen.

Yes, the world following 3Q 2016 is looking like one hot mess. If you remember anything, let it be this: the primary mission of your cohort of the human race is managing contraction. The world is getting wider and poorer again and the outcome everywhere will be determined by the success of people to manage their lives locally. The big things of this world — governments, corporations, institutions — are losing their traction and whatever we manage to rebuild will get done locally. In victory, Hillary may utterly cease to matter.