Best of the Week
Most Popular
1. Will Gold Price Breakout? 3 Things to Watch… - Jordan_Roy_Byrne
2.China Invades Saudi Oil Realm: PetroDollar Kill - Jim_Willie_CB
3.Bitcoin Price Trend Forecast, Paypal FUD Fake Cryptocurrency Warning - Nadeem_Walayat
4.The Stock Market Trend is Your Friend ’til the Very End - Rambus_Chartology
5.This Isn’t Your Grandfather’s (1960s) Inflation Scare - F_F_Wiley
6.GDX Gold Mining Stocks Fundamentals - Zeal_LLC
7.US Housing Real Estate Market and Banking Pressures Are Building - Chris_Vermeulen
8.Return of Stock Market Volatility Amidst Political Chaos and Uncertain Economy - Buildadv
9.Can Bitcoin Price Rally Continue After Paypal Fake FUD Attack? - Nadeem_Walayat
10.Warning Economic Implosion on the Horizon - Chris_Vermeulen
Last 7 days
Stock Market Study Shows Why You Shouldn’t “Sell in May and Go Away” - 24th Apr 18
CRYPTOCURRENCY MASTERCLASS #CRY90 - 24th Apr 18
UKGC Set to Make Online Gambling Industry More Risk-Free - 24th Apr 18
Chaos Capitalists Short Countries - How Chanos Got China Wrong - 24th Apr
Artificial Intelligence Defines the Political News Narrative - 24th Apr 18
Stock Market "Oops, They Did It Again" - 24th Apr 18
Fox in the Henhouse: Why Interest Rates Are Rising - 23rd Apr 18
Stocks and Bonds, This is Not a Market - 23rd Apr 18
Happy Anniversary Silver Investors! - 23rd Apr 18
The Hottest Commodity Play In 2018 - 23rd Apr 18
Stock Market Correction Turns Consolidation - 23rd Apr 18
Silver Squeeze, Gold Fails & GDX Breadth - 23rd Apr 18
US Economy Is Cooked, the Growth Cycle has Peaked - 23rd Apr 18
Inflation, With a Shelf Life - 23rd Apr 18 - Gary_Tanashian
Stock Market Predictive Modeling Is Calling For A Continued Rally - 22nd Apr 18
SWEATCOIN - Get PAID to WALK! Incentive to Burn Fat and Lose Weight - Review - 22nd Apr 18
Sheffield Local Elections 2018 Forecast Results - 22nd Apr 18
How Long Does it take for a 10%+ Stock Market Correction to Make New Highs - 21st Apr 18
Sheffield Ruling Labour Party Could Lose 10 Council Seats at May Local Elections - 21st Apr 18
Crude Oil Price Trend Forecast - Saudi Arabia $80 ARAMCO Stock IPO Target - 21st Apr 18
Gold Price Nearing Bull Market Breakout, Stocks to Follow - 20th Apr 18
What’s Bitcoin Really Worth? - 20th Apr 18
Stock Market May "Let Go" - 20th Apr 18
Overwhelming Evidence Against Near Stock Market Grand Supercycle Top - 20th Apr 18
Crude Oil Price Trend Forecast - Saudi's Want $100 for ARAMCO Stock IPO - 20th Apr 18
The Incredible Silver Trade – What You Need to Know - 20th Apr 18
Is War "Hell" for the Stock Market? - 19th Apr 18
Palladium Bullion Surges 17% In 9 Days On Russian Supply Concerns - 19th Apr 18
Breadth Study Suggests that Stock Market Bottom is Already In - 19th Apr 18
Allegory Regarding Investment Decisions Made On Basis Of Government’s Income Statement, Balance Sheet - 19th Apr 18
Gold – A Unique Repeat of the 2007 and How to Profit - 19th Apr 18
Abbeydale Park Rise Cherry Tree's in Blossom - Sheffield Street Tree Protests - 19th Apr 18
The Stock Market “Turn of the Month Effect” Exists in 11 of 11 Countries - 18th Apr 18
Winter is Coming - Coming Storms Will Bring Out the Best and Worst in Humanity - 18th Apr 18
What Does it Take to Create Living Wage Jobs? - 18th Apr 18
Gold and Silver Buy Signals - 18th Apr 18
WINTER IS COMING - The Ongoing Fourth Turning Crisis Part2 - 18th Apr 18
A Stock Market Rally on Low Volume is NOT Bearish - 17th Apr 18
Three Gold Charts, One Big Gold Stocks Opportunity - 17th Apr 18
Crude Oil Price As Bullish as it Seems? - 17th Apr 18
A Good Time to Buy Facebook? - 17th Apr 18
THE Financial Crisis Acronym of 2008 is Sounding Another Alarm - 16th Apr 18
Bombs, Missiles and War – What to Expect Next from the Stock Market - 16th Apr 18
Global Debt Bubble Hits New All Time High – One Quadrillion Reasons To Buy Gold - 16th Apr 18
Will Bitcoin Ever Recover? - 16th Apr 18
Stock Market Futures Bounce, But Stopped at Trendline - 16th Apr 18
How To Profit As Oil Prices Explode - 16th Apr 18
Junior Mining Stocks are Close to Breaking Downtrend - 16th Apr 18
Look Inside a Caravan at UK Holiday Park for Summer 2018 - Hoseasons Cayton Bay Sea Side - 16th Apr 18
Stock Market More Weakness? How Much? - 15th Apr 18
Time for the Gold Bulls to Show their Mettle - 15th Apr 18
Trading Markets Amid Sound of Wars - 15th Apr 18
Sugar Commodity Buying Levels Analysis - 14th Apr 18
The Oil Trade May Be Coming Alive - 14th Apr 18

Market Oracle FREE Newsletter

Trading Lessons

We Live in Our Own Past

Politics / Social Issues Jun 25, 2014 - 04:16 PM GMT

By: Raul_I_Meijer

Politics

I’m going to step into uncharted territory, a for lack of a better word philosophical theme that I’ve long had on my mind but can’t quite figure out completely yet, and I would like you to tell me how much of it you recognize, or that maybe I’m a total fool for looking at things the way I do. You see, I often have this notion that we are living in our own past; not even our present, and certainly not our future.


It’s a feeling that creeps up on me a lot when I do my daily perusing of the financial press. It makes me think: wait a minute, that whole financial world is dead, because if you would subtract all the debt from all the assets, there would be nothing left, or at the very minimum not nearly enough to keep it going at anything like the size it had until recently, and which it needs to continue functioning (you can’t just chop off a third or half or more off a system and expect it to keep working).

Sure, it’s being kept ‘alive’ – though there’s a lot of virtual world in there – by adding more debt to the existing debt and by hiding much of that existing debt from prying eyes, but that doesn’t solve any of the fundamental problems, that’s all just lipstick on the zombie pig. And it can only lead to problems growing worse, certainly for the weaker segments of our societies.

And if the world of finance is broke, so must the economy at large be, and hence the entire model of society we live in. Which I think about on a regular basis when I see all these people live in their increasingly identical homes and get in their increasingly identical cars on their way to do increasingly identical jobs in increasingly identical offices or retail buildings. Sometimes I think perhaps the lack of variety itself is a sign of death, or dying. In any case, I wonder why all these people keep doing what they do. Don’t they have the same notion that I have that it’s really over, this model, maze, matrix, they live in, that perhaps they should take a step back and look at themselves?

I think they don’t. But I also still don’t think that makes me the crazy one. I see it as evidence that the manipulation and propaganda or whatever you call it, is doing its job, and the job is easy, because people don’t want to reflect on the fact that everything they’ve ever known, and that they’ve built their entire existence around, is not just crumbling but effectively already gone. People don’t like change, and certainly not the kind that threatens to make things ‘worse’. Whatever ‘worse’ may actually mean in this context, it could be an unfounded fear and it would make little difference to their attitude.

And it’s by no means just the financial world that looks like a bankrupt remnant of our past. Our energy resources, too, are dwindling. Over a somewhat longer timeframe, but what difference does that make? There’s very little doubt left that we hit peak conventional oil in the last decade, and it’s all downhill and harder and in the end less from there.

Shale is a pipedream, wind and solar can’t keep the grid running; these things, like the debt situation, look so obviously threatening to our way of life you’d think we’d be looking hard at seriously adapting that way of life. But we don’t, we just want to substitute one energy source with another, even though they’re hugely different and to a large extent incompatible.

We’re so addicted to the comfortable feeling of having all rooms in our homes heated or cooled, and to taking our own little transport units the same half hour drive to work and back every single day that we’d rather not think about why we do it than change our ways. Even as it’s glaringly obvious that our ways must and will stop at some point. We’re not going to find some new magical mystery energy source, and besides, both our own legacy of profligate energy use and the 2nd law of thermodynamics tell us it wouldn’t be all that magical anyway.

The consumption of energy is a potentially very destructive force, as physics clearly states. Which should really teach us that we need to be very careful about using it, burning it, and building our societies in ways that necessitate for us to use more of it all the time. Even if burning more of it makes us feel more comfortable in the short run.

Which leads to the third issue to give me the feeling that we live in our past: the damage we’ve done by using the planet’s energy resources to abandon over the past 150 years or so (an arbitrary number), to our living environment. There are many kinds of energy consumption related pollution that various sizes of ecosystems won’t be able to clean up in hundreds of years or more. Pesticides, insecticides, plastic oceans, nuclear waste we have no storage solutions for, the list is so absolutely endless it’s no use trying to name all individual items.

And then there’s the impact of methane, CO2 and other substances, which scores of people, for all sorts of reasons, seek to deny. While the principle is dead simple, even if the earth’s ecosystem is far more complex than we are smart enough to comprehend: increase the amount of these substances in the atmosphere – and soil, and oceans -, and temperatures will rise. Again, basic physics.

A world of violent storms and heatwaves, of crop losses and flooded nations, a world which at the same time will have far less energy available to deal with these issues, and no money/credit to speak of to buy that energy with. That looks like a pretty accurate picture of the world that we – or is that our children? – will live in.

The bright side is there’ll be far less of them, and per capita energy consumption will come down something big. The dark side is they will be fully unprepared, because we will have chosen to live in our past until our future caught up with it. For anyone wanting to emphasize how clever we are as a species, please explain what is so smart about this hitting the wall at 100 miles an hour thing. Or, alternatively, your instinctive denial of it.

For the rest of you, please tell me if you ever have the same feeling I do when you look around where you live, that you’re really looking at a society that has already died. See, I think that perhaps the longer we insist on pretending this is our future, not our past, and that everything is fine and/or easily solvable, the further and the more violently we’ll be thrown back into that past.

By Raul Ilargi Meijer
Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)

© 2014 Copyright Raul I Meijer - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
Raul Ilargi Meijer Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules