Martenson has been so right for so long. It’s too bad nobody will listen to him. This is on the money:
Today we find the world’s central banks mystified as to why trillions and trillions of freshly-printed fiat units, be they dollars or euros or yen, are not resuscitating the world economic system. The answer might just be grounded in the observation that we are out of cheap and easy oil. The very food of the economy is no longer as packed with calories as it once was, and the patient is losing weight.
The problem was never peak oil but peak cheap oil. Big oil knows this but the sociopaths in charge are trying to squeeze every last dollar out.
for this article. We’re losing an entire generation right now and we risk losing quite a bit more if we don’t take action soon.
Although, contrary to the linked article, I can think of several things that the US should go $50 trillion into debt for, though over a longer period of time .
The primary narrative telling us that we are supposed to work hard, consume harder, and keep ourselves centered on the treadmill that we seem to have been born upon is beginning to unravel.
One of the Archdruid Report postings discussed the collapse of empire when there is no longer a shared, working ‘social narrative’.
Since the end of WWII, there has been a dominant Weltanschauung in America. Variations were generally minor and exaggerated for political points, but the underlying assumptions weren’t rigorously examined once the Socialist movement flickered out. People believed (and many continue to believe) the future would ‘more or less’ follow the present trajectory and there was/is no widespread questioning about how/if this view is still appropriate or even realistic.
When our inherited understanding of how how the world works no longer matches the reality, change is unavoidable. The American Experiment does have some good points which are worth preserving. The question is whether we throw out the baby with the bathwater.
It is worth remembering that the Founding Fathers were all traitors.
Right up until it costs you $30 /mo to read the second part of it. That Martenson guy really is smart!