Of Two Minds

Extremes become more extreme right up until they reverse, a reversal no one believes possible here in the waning days of 2020. The absolutely last thing anyone expects is a collapse of all the asset bubbles, i.e. a deflation of assets that reverses the full 20 years of bubble-utopia since 2000.

Regardless of what happens with vaccines and Covid-19, debt and energy–inextricably bound as debt funds consumption– will destabilize the global economy in a self-reinforcing feedback. Back in the early days of the oil industry (1880s and 1890s), the product that the industry could sell at a profit was kerosene for lighting and heating.

There is no way a status quo that is completely dependent on the permanent expansion of these interlocking extremes, asymmetries and imbalances can unwind them all and retain its myriad parasitic elites. Thanks to my friend and colleague Mark Jeftovic, the audiobook of A Hacker’s Teleology: Sharing the Wealth of Our Shrinking Planet is now available.Hands-free grokking is now accessible.

Freeing ourselves of unwanted/unneeded gift-giving is not just heresy in a debt-funded consumerist economy–it is tantamount to treason. Did you see the new “gotta-have” coffee-pod flavors this Christmas? Crayfish, Spanish Moss, Pumpkin Spicy Radish and Jungle Rot. Yowza, it doesn’t get any better than this….

The idea that debt, leverage, speculation, greed, exploitation and parasitic elites can expand exponentially forever is magical thinking. Contrary to first impressions, I am not a doom-and-gloomer; I’m a systems-cycles-er meaning I’m interested in where systems and cycles are heading.

The incontestable incompetence of the USSA’s monopolies, institutions and agencies is about to take center stage in 2021. When I mention that the U.S.A. feels increasingly like the U.S.S.R., a surprising number of people tell me they feel the same way.