Nowhere Left to Hide by James Howard Kunstler
Financial markets are averse to threats of chaos and death. These conditions tend to interfere with formal promises between parties to service loans, which is the basis of finance.
Time, they say, is nature’s way of making sure that everything doesn’t happen at once. If that’s so, then maybe time has stopped because all of a sudden everything seems to be happening at once. Three things, actually: 1) a Russian military operation in Ukraine that a lot of people in America want to turn into World War Three; 2) an epic crack-up of the world financial system; and 3) the breakdown of the fishy Covid-19 affair and especially the story behind its holy avatar: the mRNA vaccine.
In a sane society, that might be enough to trip the institutional reality-test apparatus, but we are not a sane society these days, so we plunge ever-deeper into a hurly-burly of wrongful endeavor vectoring toward self-destruction. The immediate problem is a nation (us) that is powerfully bamboozled, led by a figurehead nobody believes in, backed by a hidden coterie of actors who appear to hate our country enough to try to sink it.
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Forgive me for re-stating the premise of the Ukraine situation but one must counter the propaganda emitted like poison gas by a perfidious news media: Russia objected to the expansion of NATO to its very border, based on long-standing prior agreements about it. “Joe Biden” had every chance to formally recognize that reality and stupidly demurred. The Ukrainian government, ditto. Our side (the USA) had already created enough mischief there in mounting the 2014 coup against a government friendly with Russia, and then arming its replacement to harass Ukraine’s own citizens in its easternmost provinces, Donetsk and Luhansk. Two weeks ago, Russia moved in to forcefully correct all that. After all, Ukraine had been a part of Russia since they wrested it from the Ottoman (Turkish) empire in the 1700s, and in any other sense Ukraine is within Russia’s sphere-of-influence, as such things are defined in geopolitical history.
The US-led response to the Russian op was an attempt to dismantle the complex interbank payment systems of the global economy in order to punish one region (Russia) of the global economy — that is, cutting off your leg to punish yourself for walking into harm’s way. The result of that now is mayhem in the financial markets and in currencies, with global commodities like grain, oil, and ores acting as hostages. This hostage-taking has far-reaching effects because the nations of the world can’t operate without food, energy, and stuff to make products out of. Interfere with the rational distribution of them and you’ll get chaos and death.
Financial markets are averse to threats of chaos and death. These conditions tend to interfere with formal promises between parties to service loans, which is the basis of finance. If finance destabilizes badly, standards of living plummet, and pretty soon people are stuck being hungry in the cold and dark — which is the opposite of being happy and civilized. So, maybe jamming an I-beam into the machinery of global finance isn’t the splendid idea it seemed to be a few days ago when the geniuses behind “Joe Biden” swung into action pretending to be super-heroes fighting an imagined nemesis. Standing by to see how all that works out….
