Quote from ByLoSellHi:
What I'm genuinely finding alarming is the growing chorus of very credible people - be they economists in the academia sense, or straight-up business leaders - who are stating loudly they consider a depression as a distinct possibility.
I've never experienced this before. I've never heard much older, wiser business people tell me or the general public that they are witnessing fundamental (maybe permanent) behavioral changes among the consumer and businesses.
...all this at a time when no one can really foresee what the ultimate high tick on the unemployment rate will end up being or when it will get there.
These are unnerving times.
We are about 2 1/2 years into this and things are accelerating.
I was born in '33 so I am biased as a consequence of my upbringing.
My other bias is that I am oriented to making money from a neutral bias.
I've only been in 5 countries over the last year.
As a person who has worked at EOP in several regimes and occassionaly bumps into similar folk; it is correct to hold the econometric beliefs that it is not going to work out for the US.
The struggle is not among ideas or policy. The heirarchy is money to power to information at the top.
As things went sour on the money level, there was no power response by leaders except to not participate responsibly.
A leadership vacuum will continue simply because the information supply shut down in the face of no demand.
Global information solutions are not possible nor available any longer in the power structure as we know it (or rather you know it).
Solutions will only coalesce from an essential information source from the ground up. Making servers energy efficient is just a "fun" thing so to speak.
All significant problems will be solved the same way locally and independently in a way that appears to be measles like all over the globe. Simlar worthwhile solutions will come to touch each other as they spread from miriad points of origin. Capital is distributed by global means by taking it away from things that no longer work and applying it in a very decentralized manner to enhance local conditions.
Notice the housing and auto industries of the US. If you want to see alternatives look to local entrepreneurs who are independent of those industries.
Most people are very isolated from nature and healthy living and wonderful life styles. They are simply ignorant. they will just survive and wait until something of local origin finally reaches them.
The elderly, and especially past leaders who have stood on the peaks can see what is going on. As time passes they observe how the surfaces are being turned inside out to let the new independent shoots from seeds finally come into the light. It is not going to be fun for most people for many years.
What exists today is NOt going to be turned around; it is going to be replaced with something based upon information that comes from elsewhere. That milieu of information will be grasped by people, individuals, that can mold teams to institutionalize new ways of life, life style and community living solutions.
Our earth works as a thin layer like a layer of paint on a balloon. The flora and fauna florish in concert with the Sun and always have. The continents drift.
Unsatisfactory relationships emerged; this is going to change. In 1958 the Club of Rome reported out the peaking of satisfaction on the globe. Satisfaction units were fun and running the model in different intellectual centers was fun. The Ekistics of Doxiatis (Athens based) came and went. Barabara Marx Hubbard bore down on Synergistic Convergence and Alexander's Method defined improving organizational structures, processes and their results. And there were the Hudson Institute, the guys around DuPnt circle and Bethesda and Berkley and MIT and the Ivy Leaguers. Hot shots all over the World for a while. So they are repairing the hole in the ground until Spring.
I liked the EOP best of all because there was "institutionalization" going on. It has ground to a halt and reversed. I could "feel" PL 92- 500. But air and land didn't emerge. Alcohol did happen as the first biomass alternative but conservation gave up the ghost. We could not make health work no matter what. Illness prevailed and now it will reign for a long long time along with pharmaceuticals. Breaking the back of family life with duty cycles of war, increased job mobility and the demise of pensions and unions and not dealing with global mental health as AIDS prevailed. Sad.
The future for talking heads will be very grim for many many years. They do not get paid for anything more than entertainment.
There are vineyards in which to toil. Those grasping how to deal with giving children knowledge and health and making family life work out will begin the job ahead. There are five basic things that count. Local people know what they are.

