In this ongoing series with
economist Mike Folkerth,
www.kingofsimple.com , and author of
The Biggest Lie Ever Believed, he writes, “No other
mathematical possibility remaining than for the US to pitch into a full blown
depression.”
Give us an idea of what we
face and why Mr. Folkerth:
“For
more reasons than I could possibly go into, it has become my studied opinion
that there is no other mathematical possibility remaining than for the U.S. to
pitch into full blown depression within the next two years,” said Folkerth. “More
than 18 months past, I announced on your radio show that the U.S. cannot
physically increase GDP (ever) if per-capita share, inflation, and accumulating
debt are properly considered. Thus far, when the former mentioned factors are
considered, GDP continues to shrink.
“Perhaps
this is evolution in action. Those who never saw this coming will perish while
some of those who did and prepared for the same will survive and the
evolutionary chain will continue unbroken.
“Like
the announcement on TV noting a shooting or auto death in another state or
nation, we scarcely blink as we say, “Would you pass the roast beef and mashed
potatoes please?” And thus, the millions of Americans who have now lost it all,
home, car, job, retirement, dignity, and maybe even the will to live, are
quickly dismissed by those of us who have yet to be affected. Our conversation
quickly drifts away from this most unpleasant dialog and toward discussing next
year’s fun filled vacation.
“We send mental midgets to represent us in government at all
levels, because the mean intelligence of the masses is even lower. The idiotic
ideas that our rotating presidents espouse are nothing more than carefully
crafted lies that are aimed precisely at our normalcy bias. We don’t want physical
evidence, we much prefer phantom hope.”
“It
is natural for man to indulge in the illusions of hope. We are apt to shut our
eyes against a painful truth, and listen to the song of that siren till she
transforms us into beasts…For my part, whatever anguish of spirit it may cost,
I am willing to know the whole truth, to know the worst, and to provide for
it.” - Patrick Henry
“In
my opinion, there is little time in which to prepare,” said Folkerth. “Part of
that preparation for the few individuals who will take heed would be to abandon
all cities and any cold climates that lack a growing season and that
require massive fossil fuel inputs to stay warm. As you can imagine, this is
only possible for a very select few.
“I
always grin when I consider James Kunstler’s, The Long Emergency, rational
in stating that the Northeast will the best place to survive. Of course, the
Northeast is Kunstler’s home and even the great predictor of doom cannot
overcome his own ingrained normalcy bias. Go figure.
“Our
continual insistence on population growth as a means to advance debt capitalism
is about to collide with stark physical reality.”
##