US as Iraq and Afghanistan!
- From: chatnoir <wolfbat359a@xxxxxxxxxxxxxx>
- Date: Fri, 17 Dec 2010 09:17:59 -0800 (PST)
http://inteldaily.com/2010/12/two-lessons-in-practical-ecology/
headline:
Two Lessons in Practical Ecology
December 17, 2010
By John Michael Greer
These days, the news coming out of America’s political and financial
centers evokes the same sort of horrified fascination that draws
onlookers to the scene of any other catastrophe. Investors spooked by
the Fed’s willingness to pay for deficit spending by printing money
are backing away from US debt, and the interest the US government has
to pay on its bonds has accordingly gone up, gaining a full percentage
point in the last month and putting pressure on other interest rates
across the board.
In the teeth of this stinging vote of no confidence from the bond
market, the Obama administration and its Republican allies in Congress
– chew on that concept for a moment – are pushing through another
round of spending increases and tax cuts that the government doesn’t
have the money to pay for. The ratings agency Moody’s has warned that
if the current spending bill is passed, it will have to consider
downgrading the once-sacrosanct AAA rating on US government debt.
Exactly how the endgame is going to be played is still anybody’s guess
– runaway stagflation, a hyperinflationary currency collapse, and a
flat-out default by the US government on its gargantuan public debt
are all possible – but there’s no way that it’s going to end well.
All this makes the topic of this week’s post particularly timely.
Across the industrial world, people have come to assume that they
ought to be able to buy ripe strawberries in December and fresh
oysters in May, and more generally food in vast quantity and variety
on demand, irrespective of season. That assumption relies on using
wildly extravagant amounts of energy to ship and process foodstuffs,
and that by itself renders the eating habits of the recent past an
arrangement without a future, but these same habits also depend on a
baroque global financial system founded on the US dollar. As that
comes unraveled, an old necessity most of our grandmothers grew up
with – home processing and storage of seasonal foods – will become
necessary once again, at least for those who don’t find scurvy and
other dietary deficiency diseases to their taste. ... (cont)
.
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