Tuesday, January 17, 2017

East Coast Book Tour

Later this month I'll be appearing at the following bookstores to give a talk and to sign copies of Shrinking the Technosphere:

Tuesday, January 24, 17:30—18:30
Firestorm
Asheville, North Carolina

Wednesday, January 25, 19:00—20:00
Flyleaf
Chapel Hill, North Carolina

Thursday, January 26, 19:00 – 20:15
Quail Ridge Books
Raleigh, North Carolina

Friday, January 27, 19:00—20:00
Four Seasons
Shepherdstown, West Virginia

Hope to see you there!

If you are interested in inviting me for a talk and a book signing, please email EJ at newsociety.com.

The Day the World Changes

We are conditioned to think of change as lots of small changes—a continuum—although history tends to be punctuated by large, unforeseen events that are only understood after the fact. Last year's reconquest of Aleppo was one such incident. People are still assuming that Pax Americana is still an item; well, we'll just have to see. The US defense establishment may have just joined higher education, medicine and, of course, finance as just another brazen swindle.

Whenever something big happens, people become confused. Is a power cut just a temporary glitch in the grid, or is it the end of the grid?

Tuesday, January 10, 2017

Wherefore Goes Germany?

About a year ago, in of a mood of despair and a sense of looming danger, I wrote an article, which Dmitry was kind enough to publish on his blog, titled Exit Strategy for Traitors. This article is an update. Nothing has changed fundamentally, but a lot has happened, and the situation has improved in just one single respect.

Tuesday, January 03, 2017

How to Make America Great Again with Other People’s Money

A lot of the sharper-minded commentators have recently started pointing out a problem with Donald Trump’s plan to “make America great again”: lack of funds. The US is bankrupt: sinking ever-further into unrepayable debt, unable to achieve a rate of economic growth that could ever catch up with its growing debt burden. It is in the midst of a giant financial bubble that is propped up by various scams and rackets, from car loans whose term exceeds the useful lifetime of the car, to retirement fund shortfalls caused by effectively negative interest rates, to educational debt that condemns ever more young people to a lifetime of indentured servitude, to the medical racket which is now eating up over 20% of the economy while delivering some of the worst levels of well-being in the entire developed world… Attempts to fix any of these problems would inevitably run into long-standing, intractable political conflicts and contradictions and go nowhere while also bursting the financial bubble and turning the political realm into one very large and angry poop party. Better not even go there!

And so Trump’s plan to “make America great again” through infrastructure spending, repatriating manufacturing jobs and other great quests will have to wait, possibly forever. All of these things would require taking on even more debt, even as around the world everyone tries to unload US debt as fast as possible, leaving the Federal Reserve as the debt-buyer of last resort. This would have the effect of turning US sovereign debt into a pure Ponzi scheme, and Ponzi schemes don’t go on for too long. But if the requirement to “make America great again” is nonnegotiable, what alternatives are there?