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News Link • Revolutions, Rebellions & Uprisings

James Howard Kunstler: The Revolutionary Moment

It's fascinating that in the background of all this the price of oil is fibrillating around $90-a-barrel - and nobody is paying any attention to that. We seem to have forgotten the lesson from back in 2008 that when oil gets above the $80 mark, things in this land of Happy Motoring and the Warehouse-on-wheels don't work so well. No wonder President Obama and congress are trying to stuff the country full of sugar plums just to get past the horror of a Christmas holiday when not a few working people will be freezing in their homes, if they have homes. And in not too many days ahead we'll get a peek at those Christmas bonuses landing in the laps of Lloyd Blankfein's minions at Goldman Sachs and the rest of the geniuses in the engine room of prosperity. When I was already a grown-up young newspaper reporter thirty-odd years ago, I never dreamed I'd see a revolutionary moment here in the USA - even with old Nixie pulling one fast one after another...

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