Wealth Inequality is doing Fine, Thank-you

The gap between the upper income types, and lower income regular folks, is now at extremes not seen since the last depression, according to this AP report out this morning. I’ll save you the preacher-length sermon on this, except to say “What did you expect?” The fact is that America has a problem in that the low-income jobs are the ones being most quickly replaced by automation. And, the ones who will likely keep their jobs longest as we roll into robotics, will be those who make a living doing intellectual things like lawyering and such. An article last week in Business 2 Community asks “Will human jobs be replaced by robotics in the future?

Coping: Travel Notes

According to my schedule, we should be pulling out of the hotel here in Grand Junction, CO in about three and a half minutes from now and this morning I figure to catch up on a little snooze time as Elaine drives us up toward Boise which is where we’ll be spending tonight.

Saturday’s drive from the ranch up to Amarillo wasn’t too bad.  The new (in the last year it looks like) Holiday Inn West (not to express version) met all expectations.  And the Double Tree here in Grand Junction, as I was able to use some of our Hilton Honors points, so sleep was cheap.

A couple of observations, if I may?

Traffic this time of the year seems like a third less than what it runs in the summertime. That it an of itself wouldn’t have been so remarkable except for the fact that everyone is so damn well mannered.

For example, one of the usual driving tricks of an old 930 pilot, such as Ures truly, if to find someone who is going the same direction you are.  As soon as they blow your doors off, you let them run a half mile ahead, so they trip any radar, and you leisurely get to drive however fast their desperation drives them. 

No one was speeding.  And, thanks to cruise control, we would leave city areas, set the snooze control, and awaken at the next “Reduced Speed Ahead” sign in exactly the same order as we’d left the starting gate.  Unnerving.

Near as I can figure it, America has become so law-abiding, as to making me want to puke, so as my personal bit of protest I set the cruise to three miles an hour over the limit.  So did everyone else.

Picture-taking kept Elaine busy when she wasn’t being grossed out by my travel diet which consisted of beef jerky, water, and a dill pickle.  I figured if I was going to be driving, I might as well lose a little weight by not eating so much, at least until dinner.

Elaine probably took 200 pictures, but of all the eye treats out there, the best looking seemed to be from Durango up to Montrose.

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Peoplenomics Update: Living Through the Turn

A reader asked me a while back “My favor then, is to ask if you would write a commentary or short report on your macro insight of their chapter 11 on Preparing for the Fourth Turning in both an economic and social commentary, and where we might be historically speaking, in that turning ?” It will be short, and to the point, but not before we grind on some morning headlines… More for Subscribers Click here to Subscribe Logon assistance and Help Center.

Triskamarketphobia?

You gotta love it when the market has just run into overhead resistance in the S&P 1,686 level and just can’t seem to get enough traction, and then looks like it will fall back.  You see, because the S&P and the Dow have not been able to punch through the old highs set on August 5th and 2nd respectively, the doors of hell could open in the next couple of weeks because (repeat after me) Crashes don’t just appear out of thin air:  they occur often times 55-days, or so, from a major high (which is coming up soon enough) and along the way there, you’d expect (under Elliott wave rules) to see Wave 1 down, then a wave 2 rally, and the decline and rally would then give you some key insight as to what will happen next.

That’s because a “normal” decline might be expected to be 1.608 times the first wave down, and then a 5th wave down would be another 1.5 to 1.8 times, except that with high frequency trading, it could be 2 1/2 or 3 1/2 times that.  So we sit with our cuppa Kona roast this morning (thanks again Hawaii Hank for that!) and ponder our navels and next trading moves.

One more “up” is possible, to the 1720-1735 area on the S&P, but catching falling knives is not the smartest thing to do on Friday the 13th. 

A week or three back I suggested in one of my columns, with gold north of $1,425, that a move down to the $1,200 level and lower seemed to be in the cards, too.  And sure enough, this morning, gold futures are down to $1,312 and, once a potential sell-off in coming weeks in the markets gets organized (if it does, remember this is not financial advice) than as big players sell everything including the kitchen sink and any gold or silver laying around, we could see the bottom drop out from under gold.  Not yet, but the potential is out there.

Retail Fails – Saved by Cars!

OK, new report out from the Census folks this morning sounds like all sweetness and light:

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for August, adjusted for seasonal
variation and holiday and trading-day differences, but not for price changes, were $426.6 billion, an increase of 0.2 percent (±0.5%)* from the
previous month, and 4.7 percent (±0.7%) above August 2012. Total sales for the June through August 2013 period were up 5.4 percent
(±0.5%) from the same period a year ago. The June to July 2013 percent change was revised from +0.2 percent (±0.5%)* to +0.4 percent
(±0.2%).

What could be wrong?  Do I have to beat you on the head with this stuff?  OK, I snipped the year on year change chart and drew my squiggly line across what year on year inflation at the M2 level has been based on the Fed’s H.6 money stocks report.  Other than being “saved by the auto industry” are you still all bright-eyed and bushy-tailed?

There, how’s that feel?  Yes, that’s why credit card use is down…people are sitting on their wallets.

Here’s comes more evidence of our deflationary depression in this morning’s Producer Prices report, too:

The Producer Price Index for finished goods rose 0.3 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods were unchanged in July and increased 0.8 percent in June. At the earlier stages of processing, prices received by producers of intermediate goods were unchanged in August, and the crude goods index fell 2.7 percent. On an unadjusted basis, prices for finished goods moved up 1.4 percent for the 12 months ended in August, the smallest advance since a 0.5-percent rise in April 2013.

When crude goods producers have no pricing power, their wages are flat to falling and that lights a fuse going forward for weakness.  Intermediate looking flat ignores that 6.8% watering down of the purchasing power of money, but let’s pretend that doesn’t mean anything and everything is coming up roses and lollipops for another week, shall we? 

Consumer prices next Tuesday…

Climate Change to the Rockies?

Normally, the backside of Colorado’s Front Range is a notoriously dry place.  Until this week, that is.  Over the past couple of days, 8-inches of rain has fallen, leaving some cities cut off by roads washed out. and more rain ahead today in the forecasts.

With our trip starting tomorrow, we’ll be sure to take pictures and route to avoid the worst of it. 

Boardwalk Disaster

A terrible disaster at the other end of the spectrum may be found in the fire which consumed more than a six-block area of the famous New Jersey Boardwalk which was just rebuilt in the wake of hurricane Sandy.  Governor Christie getting lots of face-time on the tube with this…

More after this…

Our Good for Nothing House

How useless and irrelevant has the US House of Representatives become lately?  Let me count the ways:  No constitutionally required federal budget, check.  No immigration reform, check.  No vote to contain presidential war-making powers, check.

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Coping: With an Amazing UFO Experience

This is one a buddy of mine has been sitting on for a good while…since when it happened it was one of the most disturbing things ever is this fellow’s life.  It involves a very good daylight UFO sighting and his report (and accompanying sketch, with the object sketched in just to the size he saw it) is mind-numbing in its implications:

“May 26, 2013.

The day before this event I had heard the chatter of returning flocks of cranes or storks and it was happening again, so I stopped my yard work and took the time to watch them enjoy the thermal lift provided by the rising heat of the day. I have been watching them each year and look forward to their annual return. The birds have a distinctive chattering sound that is easily recognizable.

After the event, I looked up the height at which the birds fly when migrating. It’s approximately 2400 feet, so I am assuming that is at or near the altitude of the flock. My view of them was framed by the second story edge of my home (not in the picture) to the west and a tree in my neighbor’s yard to the east. I stepped back into the shadow of my home to get a better view of the birds.

As I watched, above the birds who were not disturbed, there came a circular craft plowing through the overcast from the west. It had lights turned on inside the turbulent bow wave it was producing in the cloud,

It was large and moving south east at (my guess) forty to sixty miles per hour.

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Attack on American Exceptionalism or Snooker?

“We’re special” has indeed evolved as a kind of American creed since the Kennedy assassination:  We seem to think we can do pretty much anything, foreign policy-wise, whether it’s Vietnam, Iraq, Afghanistan, and here pending, Syria.  This morning, Russian boss Vlad Putin dares call us out on it in an Op-Ed in the NY Times.   A key observation:

“Syria is not witnessing a battle for democracy, but an armed conflict between government and opposition in a multireligious country. There are few champions of democracy in Syria. But there are more than enough Qaeda fighters and extremists of all stripes battling the government.

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Coping: With “Another Nineteen” and more…

Yes, the book Another Nineteen: Investigating Legitimate 9/11 Suspects is likely worth your time to read, as is a visit to author  Kevin Robert Ryan’s website over here.  Getting traction…

Also:  Hat tip to reader Charles for the catch…and he thinks you might enjoy Project Censored’sExploring the Financial Core of the Transnational Capitalist Class” which gets more into those check-writing rulers behind the seats of power.

All of which, he notes, could be a nice series of backgrounders before you move along to the front-edge newsnipulations (go ahead, use it, my gift) about to come at the helm changes at the Fed.  So, go read “Failing Up to the Fed, a Reporters’ guide to the paper trail surrounding Larry Summers…”

Another futuring point, as long as we’re trying to look at things as they are, you might want to spend some time on the Mark Zuckerberg article over at The Next Web where he lays out where Facebook is going “to connect the next 5-billion people.”

Oh, and you mean social map them, too?

We may never know the extent of Facebook’s relationship with government agencies, but the LA Times article this morning where Zuckerberg says “The government blew it” on leaks, is interesting.

I prefer to sit back at watch things from my skeptical marketer/investor standpoint.  What I see as a kind of over-arching deal is that a further drive to connect people to social media, moves in the direction of getting more and more people to self-map into social media.  Which, figures Ure’s truly, is why everyone is so hot to develop killer aps for social media…so it will become so “necessary” (like CB radio, right?) that everyone will do it and as a result, everyone will self-map, self-confess, and self-leak all over the place.

Who needs a security state apparatchik when you’ve got social tied up?

So,  do I seem a bit skeptical?  I figure it’s only a matter of time before not having a social media account will be a cause for suspicion and eventually even arrest as an anti-social threat to society (because failing to self-map and self confess will definitely be found to be a telltale of something)!

Meantime, the danger of the net to the PowersThatBe peeks out from China where 500-retweets will land you three years in the slammah.

Carrying the thought a step further, Madison Avenue Mike (OK, Mish, but I call him Mike so his friends don’t catch on)  spied this really good article in the NY Times which lays out a good bit more about how  online confessional aps work under the headline “Free Apps for Nearly Every Health Problem, but What About Privacy?”

Yeah?  What about it?  So far, my answer has been simple.  Whenever I use one of those calculators which wants to email results (like body mass, heart/blood pressure, like expectancy, and things like that) I use Zeus the Cat’s email.  (zeusishot@gmail.com)

You’ll be thrilled to know that Zeus is likely to live to age 89-92, doesn’t have diabetes, and is now able to receive $250,000 worth of life insurance from just $19/month.

I don’t know how much longer I will be able to keep up this up, however.  I figure it’s only a matter of time until the Department of Homeland Security will turn identity theft from a cat into a class one offense.   Although so far, I’ve blown off the demand letters from Zeus’s attorneys about sullying his reputation and demanding I give him back his Gold Card that he recently received along with a bunch of hotel points.

Rotsa ruck.  No mice, no card.

Speaking of Petmail

Normally, I don’t read Zeus’s emails, but here’s one he didn’t mention from back in January from Reader Jimmy’s cat Mandy Sue..

Hi Zeus,

Ask your peon housemates whether or not they noticed that the recent quake in Alaska was coincident with the big outbreak of new sunspots.

Also, demand that they feed you raw organic meat like I get.

Isn’t it great that we felines rule the world! What other species can get humans to do anything we want and we give nothing in return unless we feel like it at the moment. Looks like the democrats are starting to copy us, though.

Regards,

Mandy Sue (sorry, too old for you, at age 18)

Near as I can figure it, Mandy Sue’s reference to democrats copying cats has to do with wrapping things up in kitty litter, but I can’t be sure.  I’m sure NSA will be keeping a closer eye on Zeus now because of provocative (and under age) emails like this.  I’m just wondering if he’s working for them and if they wouldn’t mind kicking in a few bucks toward cat food?

Reader’s Writes

Nice to see that a few folks have picked up on our new $20/five-month Peoplenomics.com subscription rate.  Especially Edward down under who’s been following our cubit discussion:

George,

First time I have written you as a subscriber (new $20 client) but have written you a few times over the six years I have read the “free side”.

The Cubit discussion isn’t my area. My partner is a long time “organite” maker. She makes a variety of pieces and a number of them incorporate copper wire coils of various lengths according to the characteristics the piece is intend to possess.

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Serious Prepping Notes: “Wearable Wealth”

There is much ground to be covered this morning, what with Syria developments,the Kerry Clock, and even our trading positions as we try to beat the Grim Reaper of Wealth and life savings. So buckle-in and bean-up…this is one of our most interesting mornings in a long while…Oh, did I mention the next mass-killing/terrorism likely date is October 8 based on some new insights into futuring as part of our Nostracodeus project? This is 9/11/13 and 12 years after 9/11/01….so you do see what’s missing, right? More for Subscribers To Subscribe, CLICK HERE Need Logon Assistance?

Someone’s Lying About the Economy

Either the US Treasury is lying, or the Congressional Budget office is lying.  You see, the Treasury Debt to the Penny makes it look like the Debt Ceiling is being nicely observed. But according to the Congressional Budget Office, spending in August (as quoted in this article over here) was $331 billion and the income to pay for that was a mere $185 billion.  You can’t have it both ways.

You have exactly three choices here:

  1. Treasury is lying about the public debt and has opened a second set of books to cover up the accounting lie.  This would be a felonious act in private industry, but since this ain’t private, it’s the most likely answer I can come up with.
  2. The second choice is that the Congressional Budget Office could screw up and misplace $146 billion dollars.  In my book, the odds of this are close to zero.
  3. The third choice is “depends what you mean by lying” since government is losing its grip on reality, the concept of truth and lie have been tossed out the window and no longer apply.  Except to you and me, of course.  Since if we tried to file a tax return on this kind of accounting back-up,  care to guess what would happen?

As long as we’re hanging out the dirty laundry this morning, the Fed’s Consumer Debt (credit if you’re a member of the banker class) came out Thursday and it shows revolving credit use (yeah, plastic) was down 5.2 percent in June, but non-revolving debt (like student loans and mobile home loans) were up 9.5%. 

Psychographic implications?  We live in a land of thrifty dreamers. (Which is more proper-like that crack-headed voting monkeys.)

Still, the “Peace Rally” should be off and running this morning for another triple digit effort.  We might see some cooling later in the day, but the 1,685 range in the S&P seems like a slam dunk in here.  Then we’ll have to reassess matters if the world doesn’t blow up unexpectedly over the weekend, or something.

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Coping: Rambling Investigations

Sometimes I just have to listen to the I-Ching inbox when it does something out of the ordinary, which it has in the past couple of days, and therein lies the tale.  There’s a bunch of disconnected parts to this story, so let me take it one step at a time…as it really will make sense, if discussed in stepping-stone fashion.

1.  The single organization tool in Windows 7 (haven’t looked at 8 on my other computer which is just for travel, but I assume it’s there, too) is something called “Sticky Notes.”  It looks like this on my left monitor where I have my never-ending list of things to do:

 

2.  Now, one of the notes on the monitor reads like this:

To understand this little project, all you need is an electronic function generator, about 30-feet of wire, and some knowledge of the Schumann Resonance which you can glean from Wikipedia over here.

Basically, the Schumann Resonance is that underlying 7.83 Hz frequency which is formed by lightning resonating in the Earth’s atmosphere.

What I’ve been thinking with is the idea of mildly overwhelming the Schumann Resonance with something locally generated at a slightly lower (or higher) frequency, in order to determine whether there might be biological effects.

3.  Where my poking around at Schumann gets interesting (research-wise, since nothing big seems to have happened yet in terms of reaction) is that there is a lot of ancient literature (Biblical and other) which gets to the idea of some kind of physical “connector” to Universe

Oh, sure, it’s dressed up in a lot of mumbo-jumbo, but seems to me that there really is something to the idea of sacred geometry and – when you go looking – you can even find ways to build your own “Holy of Holies”

You can go looking for visuals over on Google and there’s a ton of them, but notice they all seem to have an oblong shape to them and they have some “resonators” installed at key places.

4.  I can’t find the reference from when I was searching for the information a number of years ago (and found it) but as I recall, the resonators in this were the two kinds of cubits:  In each corner of the “Holy” there was a royal cubit, and exactly mid-way on each wall was a sacred cubit. 

I’ve been thinking over the idea that the Ark of the Covenant was some kind of ‘power station/transceiver devices which seems (from the design descriptions) to be akin to the Orgone accumulator units which has been built by Wilhelm Reich prior to the suppression of his work.

The idea is that IF you could build a “Holy of Holies” which would concentrate whatever that ethereal energy is, and then further refine/capture using an Orgone generator, you could seriously connect with Universe/Ruler of All, etc.

Except, of course, there are a million stumbling blocks, not the least of which is getting the dimensions anywhere near right.

5.  So off goes an email to Chris Tyreman, who’s the director of The Chronicle Project with a research request for anything they might have stumbled on to help better nail down the length of both the royal and sacred cubits.  It helps to know that the Chronicle Project is retranslating the bible using a kind of encryption system which is built into ancient Herbraic languages.  So this is what came back:

Unfortunately, the exact length of the cubit (Amaha in Hebrew, which means…to construct) is unknown and as time went on, different nations adopted different cubits. So it requires some work to reconstruct the most likely length of the original cubit but more, how it was constructed.

Since Babel was built soon after the flood, it is reasonable to assume they were still using Noah’s cubit.

Their cubit is as such: Babylon (old) “kush”

“2000 – 1600” BC 500mm (approx) 19.69 in

The one in Ezekial: Hebrew (Ezekiel 40:5) roughly 518mm 20.4 in The cubit for construction in Egypt…20.65

Which one was Noah’s? In 2 Chronicles 3:3, which reveals that Solomon used a long cubit in construction of the temple and in Ezekiel 43:13 an angel used the long cubit.

That aside, the question remains as to what was used to create the cubit. Once that is understood, which of the cubits the ark was built with will become evident.

Chances are, the Babylonian cubit is probably correct as this area was founded by Namarada (Nimrod) shortly after the flood

Knowing that the Hebrew language and lunar measurements were created as a perfect system by Creator, several things should be taken into account.

1.

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Desperation Rebel Moves?

An unusual mid-day update: While the corporate MSM is giving wide play to the fact that Russia is now urging the Syrians to give up their chemical weapons to international control, a move which would defuse the situation ahead of Kerry one-week deadline, we are faced with an even more desperate reported moved by the rebel forces, which are desperate to drag the US/West into their conflict as al Qaeda’s hand in the background continues. Specifically I’d refer you to the RT report claiming “Syrian rebels plan chem attack on Israel from [inside] Assad-controlled territories.” Such a move would, indeed be desperate, but should it occur, the Israelis would immediately launch a counter-attack, which would then suck in Assad’s main forces, and the US, in turn, would be sucked in to side with Israel and about all that’d be left then would be the open question as to when to put on flash-goggles. But for today, things have taken a more reasonable track:

Modest Rally Before “War Anyway”?

?Sometimes The Onion gets it exactly right.  For example, the September 5th headline “Poll: Majority of Americans Approve of Sending Congress to Syria.”  But this morning, with the Fearless Leader speech on Syria about 30-hours ahead, we are sorting through poll results that all show more of less the same thing.  “CNN poll: Public against Syria strike resolution.”

Of course, there are others, too: A poll in the UK shows Brits aren’t willing to be hornswoggled, either.  All of which leads to a curious result in a Gallup poll which is out this morning as it shows an even closer margin:  51% against and 36% for with the largest segment against mentioning “None of our businesswhile those in favor citied “Prevent it from happening again/prevent terrorism” most highly.  Which has to prove that a huge number of Americans are still a) asleep and b) willing to go with any policy which can be wrapped up in enough warm & fuzzy “anti-terrorism” lingo.

What’s more, a thoughtful NY Times report by Jonathan Tepperman this weekend “Weighing War, Peace and Polls” got to the idea that poll results can change quickly.  Since Tepperman is the managing editor of Foreign Affairs which is the publication of the Council on Foreign Relations (CFR) we have to infer that what Tepperman’s OpEd sets us to expecting will be a big press publicly by the Obama administration in tomorrow’s speech.

The best outcome, from the administration’s standpoint, would be a watered down House statement which offers something in the way of slippery wording which the House can say is a “decisive position” but which has enough Clintonesque to it that it would contain enough “depends what you mean by…” wording to it, so that Obama would be unfettered and House members running for election could simply say “Well, our statement didn’t vote for war, exactly….”

In other words, make the wording acceptable so it can be sold to both sides, depending on how obfuscated the measure’s real intent is.  What we need is a vote, not necessarily clear and direct speaking by the House.    So if the House statement turns out to be a masterful job of weasel-wording, don’t be the least bit surprised.  Weaseling is what happens in Washington on most issues of any importance (which you’d expect from a lawyer/professional weasler-class chamber) so why should this be any different?

The poor people who trade Asian markets apparently don’t “get” this yes.  Just overnight, the Chinese Hang Seng was up about 130-points, India rose 1.5% and Japan was up nearly 2 1/2 percent.  Europe, being a little more “swave and de boner” about such colonial parliamentarian antics is actually down in England, France, and Germany…because – near as I can figure it – they don’t think the House decision will be decisive and (after Fearless’ speech tomorrow night) the public will be confused, bewildered, and dragged into war while we try to sober-up and figure out what just happened.

Still, the market futures were pointing upward, however modestly, still hoping that reason will prevail, although the odds of that are low since Obama has already reserved his right to ignore the House vote anyway.  And besides, tick-tock as the Israelis still have an Iranian nuclear issue to deal with and Syria is a kind of early-warning system which shares (near as we can figure from what’s public) air defense information with Tehran.

We’ll have to see how well Obama can do at pitchman tomorrow night, but a crafty House document which will be initially cheered, should then give way to an attack within a couple of weeks as the imperial presidency itself – or a LIHOP/MIHOP with all that military hardware floating in the Eastern Med seems as good a bet as any to provoke an American response if the House doesn’t line up for warfare.

Oh, and if it comes to that, president Assad of Syria is telling interviewer Charlie Rose “expect everything” in return.  This while John Kerry is starting a “one week clock” on Syria to turn over chemical weapons.

Did I mention Dow futures are up 25?

An Israeli Mistake in the Making?

A headline this morning on the Israel National News site that “ADL Director Abe Foxman tells IDF Radio White House called him directly.  Analyst: Jewish groups “courting disaster.”

Also in our scan this morning, the Times of Israel report “Gold treasure trove unearthed at base of Temple Mount.”

Another Davos Meeting

It is perhaps significant that another set of sessions will be held in Dalian this week with China  reportedly planning to “…stay the course on sustainable growth.”  Which gets us to a bigger topic – has the world sort of run out of “low hanging fruit” for growth for a while?  More on that in the Coping section following our morning review of formative news…

More after this…

Spy-minded Net Use

A word to the wise from our Winnipeg news analyst fellow:

Dear Mr. Ure,

Have a look at this BBC report of university researchers seeking to identify and geo-locate anti-social tweets in the UK. An aim included in a research document released exactly one year ago outlined the pursuit of “a computer-based environment that best integrates the technology in order too be as unobtrusive as possible”. One could surmise that progress conceivably meets or exceeds sponsors’ expectations. Netizens may wish to moderate their behavior accordingly in advance of further program expansion.

The best net-use advice I can think of is to “Write everything like it was going to be read to a military tribunal in an attempt to prosecute you for being anti-America” however strangely that will be interpreted in the period ahead.

But still, realize (like by constant critic Bruce down in Ecuador would point out) that sometimes the guillotine operators kill for sport, too.

Warfare on the Web Next

Something to be incredibly aware of is the arrival of low-intensity conflict on the web as the Syrian Electronic Army is reportedly behind a number of attacks and with a reported FBI advisory out on the group.

Although some reports of the SEA are dismissive, some, like Congressman James Langevin of the Democratic Congressional Cybersecurity Caucus, are clearly worried.  So if the power goes off, have that AM radio so you can determine how widespread the outage is, should one happen as a result of hack attacks on power infrastructure.

Constitution Shredding

We note that Washington DC has reportedly denied a permit for 9/11 bikers to hold an event in a few days, but plans are moving ahead anyway.  Planned as a counter to the “Million Muslim” March” seems to be there’s an old saying being proven again.

“In America everyone is equal…just some are more equal than others.”

Trend-Spotting

If you’re tempted upon reading the NY Sun  report “Collapse of American Influence Recalls disintegration of Soviet Union, Fall of France,” try to remember that writer Conrad Black is not only a good writer and historian but just got out of the  big house back in May of last year.

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Coping: Our “Least-Cost” Futures

Ever cheerful and chipper, Oilman2 has his game on and keyboard warmed up already this week, as he contemplates something he calls simply The Descent, which is a nice “tone-setter” for the week.

Jim Kunstler wrote a short bit this summer about the possibility of Japan descending to a lower energy state with reduced chaos and fuss. He asserted this because prior to western civilization forcing itself onto their culture, they had a stable and very artistic culture, albeit they too maintained a savage edge in certain respects. However, living on an island is similar to what we are faced with as a human culture – there must be a certain degree of ‘unfairness’ in life – everyone cannot be on top and there are definite limits for each of us based on the circumstances of our birth.

Jim Kunstler’s post is over here.

I think this thought train needs to be run with the US in the passenger car. Our society, like many others born of western civilization, is relatively shiny and new. We have barely 2 centuries of history, and that history is far from a reign of peace and artistry. Our country was born just before the industrial revolution, and acceded to powerful status on the back of cheap coal and oil, and a plethora of natural resources.

Oil has peaked, decent coal has peaked, uranium has peaked, most metals have peaked and we are staring down an unavoidable descent in standard of living and eventually population. Maybe not in our boomer generation, as we are winding down our years, but our children and grandchildren will live in a far different world.

Because our country rode the crest of the industrial revolution, and bore the sparkling banner of ‘new technology’ with both military and energy dominance, we have long bathed in the highest living standard on the planet. This cannot stand in the face of ever declining petroleum availability – we have no choice but to dial things back dramatically over the next decades.

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