We are seeing discussions on finances, tomorrow an emergency meeting of the EU finance ministers, a new calamity. They will be more frequent as Europe tries to do the impossible, whichis exit US dominated finance without exiting the energy matrix. Money is oil. Credit is oil. Debt is used flasely on the one end to justify austerity, unjustly because debt that can not be repayed is inherent to the oil/credit system. On the other hand, the only way to distibute oil and not brake the spell is to issue more debt. It convieniently creates more excuses to cut, because the money will disappear into the hands of the energy companies, and they don’t spend it (or it would come back again you see?). The US is on strategic reserves to augment the waning Suadi supplies (supposedly as a threat). These wells are not magical lanterns, no rubbing will make them regenerate.
So when will the energy reality really strike our consciousness? Only if the debt charade is no longer able to mask it, and that is when it starts looping out of the line of public focus. We can understand hunger in Ethiopia, it’s not important to us. Nobody tells us there is a huge effort to increase agriculture in Ethiopia based on aquifer water. We can have austerity and riots in Greece, Spain, they are lazy countries now clamouring for something they don’t deserve? That narrative will start failing if we start seeing dire situations in the US. Hard to understand. Like my mother saying "Well if farmers have to kill catle because the weather is so wierd and the graas didn’t grow, maybe they should be buying it somehwere else..". If the gas is too expensive or unavailabley you will have to rely on local food.
He might be smart, who knows..
The side that likes to enjoy the spoils of fossil fuel burning is at the same time dismissive about human extinction. It happened before they say, life will recuperate. For someone with a mind to do what he damn well pleases there are no obstacles: Something will provide, and if not we take what we need. That mentality doesn’t work anymore, we reached the edges of Easter island. The problem has become those that choose to see no problems.
If financial hell breakes loose, whose side do you choose? I guess it’s best to choose the weakest side. That sounds strange but better be far from the battle is my philosphy. Those invested in the system can’t run other than to the mothership, the US. Let them. Let the money run out. It’s all paper without a bite. I don’t think at least. It’s all spend oil, meaningles debt, a control system.
That is to my knowledge the only reason why these financial troubles drag on, and a global default is not called, force majeure and the derivatives are gone: Noone would know who controls what, all would have to be redistributed and fought over again. It would start a world wide conflict like a brawl after the soccer match. Ironically quite significantly restricted by the lack of fuel and weapons already depleted in the present wars. Food would be hoarded and not traded, and all would lock down asap to deal with the energy calamity resulting from strategic stockpiling.
Right now we seem to be in a phase of mutual self sacrifice, gradual weakening of sides, standing down. and wasting in order to disable any strong action when people might want to. It is eery to observe how the deckchairs are rearranged as the deck is tilting. When will the chairs start rearranging themselves?