Archive for the Collapse Category

Too Much Dirt; Too Few Rugs. Repurchase Agreements (September 23, 2019)

Posted in Collapse, Repurchase Agreement, Wall Street on September 23, 2019 by e-commentary.org

. . .

K          “Too much dirt.”

J          “Too few rugs.”

. . .

K          “Sweeping the dirt under the rug may not do it any longer.”

J          “Loom another rug?”

. . .

J          “Manufacture another can?”

K          “In China?  Subject to a tariff?  The road still needs to be repaired before we can kick something down it.”

. . .

J          “Raise another canary?”

K          “The market, not the government, is shuttering the coal mines.”

. . .

K          “The failure of the ‘Repo Market’ may be the Big Jolt.”

J          “Make another Market in its place?  . . .  Maybe not.”

. . .

[See the contributions of Pam Martens and Russ Martens in “Wall Street on Parade”, the real journal explicating Wall Street.]

[See the e-commentary at “Strait of Hormuz or Deutsche Bank?  Deriving Derivatives (July 8, 2019)”.]

Bumper stickers of the week:

Loom another rug; manufacture another can; raise another canary; make another Market.

Debt may not be repaid, but it is always paid.

“In the End, only three things matter:  How much you love, How gently you live, and How gracefully you let go of things not meant for you.”  Buddha 

Strait of Hormuz or Deutsche Bank?  Deriving Derivatives (July 8, 2019)

Posted in Banks and Banking System, Collapse, War on July 8, 2019 by e-commentary.org

. . .

K          “Strait of Hormuz.”

J          “Deutsche Bank.”

. . .

J          “You may be right.  Tip a ship.  That may do it.  The United States may even tip its own ship over and blame it on Iran to get things going.”

K          “You may be right.  The cancer is in the banking sector.  The contagion will spread from there.”

. . .  

[See the e-commentary at “Twenty Sixteen (January 4, 2016)”.]

Bumper sticker of the week:

Nobody ever died from overexposure to education

Volkswagen (VW).  The Bottom Half Of The German Engineering Class Must Go Somewhere.  Boeing? (July 1, 2019)

Posted in Automobiles/Automobile Industry, Collapse on July 1, 2019 by e-commentary.org

. . .

K          “Pressure from a valve on the spare tire was used to propel the windshield washer fluid on the wind screen.  The shortcut was innocuous and the source of some prideful stories by owners who limped into a gas station on the spare tire with a dirty windshield.”

J          “The solution to deliver the solution is clever, quirky, goofy, weird, beautiful, and idiosyncratic at the same time.”

K          “Benign, amusing and harmless.  That is not my quarrel.”

. . .

K          “The lifeless VW 411 was VW’s limp response to the legendary Volvo 122S and featured an air conditioning unit placed right behind the newly-legislated five-mile impact front bumper so that the slightest tap destroyed the cooling unit.  The location was glaringly ill-conceived and definitely not Teutonic.”

J          “And the corporate suits with VW mounted a full scale, full contact defense of their transgression and never even offered a ten dollar off coupon.  The decline of the company was driving in fifth gear.”

. . .

K          “They tinkered further and spewed the VW Jetta that features an aluminum oil pan facing forward a few centimeters above the tarmac and splits with only a modest impact.”

J          “And if you do not stop immediately, the “Change engine light” flashes red insistently.”

. . .

K          “And the general public is not even aware that the executives took a play out of the Harvard Business School playbook and doctored all the emissions figures while spewing pollution.”

. . .

K          “Should a company with such a deep-rooted vile and evil culture be disbanded and its assets sold to the highest bidder?”

J          “Then what would the bottom half of the German engineering class do?”

K          “Boeing is interviewing.” 

. . .

Bumper sticker of the week:

The bottom half of the class makes the top half of the class possible

Man v. Nature. Who Should Win? Who Will Win? Oh, And Happy Victoria Day! (May 20, 2019)

Posted in Climate, Collapse, Plastic, Population on May 20, 2019 by e-commentary.org

. . .

K          “I think of someone cold and alone lost in the woods at night with only a match engaged in a match of wits with the howling winds and the howling wolves.  The real war today is Man not trying to survive Nature or to subsist with Nature but to subjugate Nature.  The two cannot co-exist.  We must cheer for Nature to win, prevail and dominate Man.”

J          “‘This Planet ain’t big enough for the two of us.’”

. . .

K          “The departure of a million members of one species will not leave the one apex species in any jeopardy of continuing as a species.  The Great Departure is the only way to save a million individual species from extinction.”

. . . 

K          “There is one and only one and no more than one solution.  Listen to the physicists and the electricians not to the e-con-omists and the politicians.  Reduce the load.  There must be a quantum level reduction in the number of homo sapiens on the Planet.  That will not be undertaken by humans.  That will be undertaken by Nature.”

J          “Nature will prevail because Nature prevails.  Predicting the future is so easy.  Pursuing the change is so elusive.”

. . .

K          “Is it immoral to breed?”

J          “Is it a moral duty not to breed?”

. . .

[See the “Global Assessment Report on Biodiversity and Ecosystem Services” prepared by the “Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES)” at the seventh session of the IPBES Plenary meeting from April 29 – May 4 in Paris discussing the loss of a million species.  See another analysis of our plastic predicament in a Report titled “Plastic & Climate The Hidden Costs of a Plastic Planet” by lead authors Lisa Anne Hamilton and Steven Feit and others at “The Center for International Environment Law” discussing our friend Plastic.]

[See the e-commentary at “Save The Planet; Save The People?  Oh, And Happy Earth Day! (April 23, 2018)”, “Stealing Resources . . . Through Time . . . and Across Space (February 20, 2017)” and “‘It’s Only A Rental.’  The Earth As a Cosmic Doormat.  De-Immanentizing The Eschaton. (September 28, 2015)”.]

Bumper stickers of the week:

“This Planet ain’t big enough for the two of us.”

There is no PLANet B

Homo sapiens are not really that wise

Listen to the physicists and the electricians not to the e-con-omists and the politicians. 

When is the best time to plant a shade tree?  Thirty years ago.  When is the second best time?  Now.

Building a solar panel requires barrels of coal!

People, Plastic, Planet (May 6, 2019)

Posted in Collapse, Environment, Plastic on May 6, 2019 by e-commentary.org

. . .

K          “While each and every legislator was sucking water out of a single-use plastic water bottle without any sense of self-awareness or shame, they tried to outdo each other debating and for some denying climate destruction and devastation.”

J          “Years ago, they covered their save-the-planet garden with plastic sheeting which has now deteriorated and shattered into a million shards spread like seeds of death that shroud their entire farm.”

. . .

J          “The blue marble has not been photographed lately and now may shimmer like a planetary disco ball reflecting a gazillion tiny plastic particles.”

K          “These realizations may make my head explode, but that would release millions of mega-microscopic plastic particles floating around in my brain into the room.  That’s just not good.”

. . .

[See the research paper titled “Atmospheric transport and deposition of microplastics in a remote mountain catchment” in “Nature” magazine by eight researchers dated April 15, 2019 and “There’s just no getting away from microplastic contamination” in “Ars Technica” by Cathleen O’Grady dated April 22, 2019 discussing the research.]

[See the e-commentary at “Salvaging Our Blue Marble (July 24, 2017)”, “Stealing Resources . . . Through Time . . . and Across Space (February 20, 2017)” and “Living In The ‘Peoplocene Age’.  The Inconvenient Truth:  Renewable Energy Is Not Sustainable; The Population Must Be Restrainable. (December 12, 2016)”.]

Bumper stickers of the week:

Eschew plastic

People + Plastic = Planet ; People – Plastic = Planet

China:  “The Silent Takeover” Overtakes Silently.  Oh, And Happy Chinese New Year! (February 4, 2019)

Posted in Book Reference, China, Climate, Collapse, Global Climate Change, Limits To Growth, Russia on February 4, 2019 by e-commentary.org

. . .

J          “Global climate change, as a product and by-product of human activity and avarice, is the greatest threat to the Planet.  China, particularly affiliated with Russia and other countries, is the greatest threat on this threatened Planet to the U.S. and thus to the West.”

K          “That does make you wonder who the bachelor will pick this week.  The lethargic but lovable American people are in many ways the greatest threat on this threatened Planet to the threatened U.S.”

J          “The Chinese and their colleagues and cohorts are snatching the mantle and the future from the West in plain sight, yet the theft is unseen and unknown by most Americans.” 

. . .  

J          “China has many if not most of the rare-earth elements on Earth under control or contract.  China has a substantial horde of gold and silver in hand not under contract.  China has growing hordes of hungry consumers who could drive the Chinese economy into prosperity or drive the Chinese economy into penury . . . or a mix of both.” 

K          “China continues to colonize Africa economically not militarily.  China is following the Western play book developed and delineated in Confessions Of An Economic Hit Man, the economic and financial equivalent and update of a Chinese creation, The Art Of War.  China is manufacturing indentured servants and vassals throughout the world.” 

J          “The ‘Hit Man’ preyed on Latin America.  China has investments in Venezuela and may not cotton to the U.S. stealing its oil and the gold.  The flash point may not be in Asia.”

. . .

J          “Chinese authorities can flip a switch and trip a chip nestled in any random grid-tied solar panel and trigger a systemic grid shutdown . . . and only by lifting a finger.  China may be able to monitor conversations in subway cars.  China has stolen intellectual property and yet now just buys the companies and acquires the technology.  China can do things we do not even know they can do.”

. . .

K          “Three decades ago, friends parked their BMW rig at the airport on their way to China and returned to share pictures of people pulling and riding rickshaws.  Now the Chinese are driving the BMWs.  There simply are not enough resources on the threatened Planet to allow Americans to continue driving BMWs.  We must turn over the keys and share the resources.  America must now take its turn at the wheel pulling and riding rickshaws.”

J          “I see it.  In short order, there will be an ad for ‘Rick’s Rickshaws.  The Best in the West’ advertised during the Stupor Bowl.”    

. . .

K          “The world knows where this is heading and how this ends.  The first worldwide vote in the history of humankind to determine the ‘Empire of the Future’ was conducted and completed in 2015 with the most lopsided outcome in the history of humankind.  China was endorsed and embraced by the whole world; U.S.A. was shunned and sidelined with a few stragglers.”

J          “It was not a plebiscite because the plebes did not vote.  It was an elitescite because only the elite voted.  And they voted clearly and loudly and in their interest.”

K          “America was in first place among the losers.”

J          “America was the runner up and is out of the running.”

. . .

J          “We are in trouble.  Big trouble.  Big.  Big.  Trouble.”

K          “We can scribe tomorrow’s history in today’s journals not as history happens but before history even happens.  In real time.  Today’s Toynbee.  Gibbon.  Spengler.  Bachelorette number 3, I say.”

J          “We do not know it and we do not get it.”

. . .

[See the article titled “The Big Hack:  How China Used a Tiny Chip to Infiltrate U.S. Companies” in “Bloomberg Businessweek” magazine by Jordan Robertson and Michael Riley dated October 4, 2018, “Clandestine Chips Are The Perfect Hack And Technology Needs To Catch Up” in “Forbes” magazine by Anna-Katrina Shedletsky dated October 4, 2018, “Senators urge Metro to guard against Chinese spying in new subway cars” in “The Washington Post” by Robert McCartney dated January 19, 2019 and the poetic challenge by Greta Thunberg to the Davos crowd and the crowded denizens of the world on January 25, 2019.]

[See the discussion between an old Chinese party official (C1) and a young comrade (C2) eight years ago transcribed in an earlier e-commentary at “The Silent Takeover (May 23, 2011)” reprinted below; a discussion by two concerned American citizens, A and B, regarding the results of the election to determine the ‘Empire of the Future’ in “AIIB:  China: 1; U.S.A.: 0? (April 6, 2015)”; and an architectonic analysis of the world situation at “The China-Russia Affair: Advancing The Petro-Yuan; Dictating The Future (March 26, 2018)” that includes many links to other commentary and previous e-commentary.]

Bumper stickers of the week:

We.  Are.  In.  Big.  Trouble. 

The year of the pig

Pigs get fat, hogs get slaughtered

The Silent Takeover (May 23, 2011)

. . .

C1      “Take over America.  Of course we are.  You say that you have a better plan, comrade.”

C2      “The primary lesson of the Twentieth Century is that it is easier to take by investment than by invasion.”

C1      “Clear thinking, little butterfly.  Invasion is costly and ineffective.  Invasion only assists the defense industry.  You can eat butter; you can’t eat a gun.  We focused our spending on efficient invasion technology.  We are letting the Americans spend on offensive technology to allow them to go bankrupt.”

C2      “They are already bankrupt.”

C1      “They are.  They are also too big to fail, but not too big to own and operate efficiently.”

C2      “Increase the purchases of t-bills and t-bonds by another fifty percent to a holding of 1.5 Trillion U.S.  They will be worthless, but they are one of the tickets to control.”

C1      “We will decide what they are worth later.”

. . .

C2      “America has an unproductive class of third-rate minds and fifth-rate characters who suck staggering amounts of money without contributing anything of value.  They are identified as CEOs, CFOs, COOs, and their like and ilk.  They run companies and run them into the ground.”

C1      “Comrade, we plan to teach them how capitalism really works.  Survival of the fittest.  They are not fit.  They will not survive.”

C2      “They do not have a working market for talent at the top of American corporations.  The market is broken . . . and fixed.  The brigands and hooligans run the companies.  The American schooling institutions feed and fuel the broken market.”

C1      “The brigands and hooligans will be fixed like the mongrel dogs they are.  They will be sent to regional re-education camps . . . to be re-educated.”

C2      “Were they ever educated?”

C1      “Very good.  You will go far.  What about the cyberfun we are having with them.”

C2      “You should taunt them with simple technology and gauge what they have to combat the efforts.”

C1      “We can send a message internally to the Seventh Fleet to ‘stand-down’ at any time that looks like it is one of their own.  We can even send a message to have the crew stand on their heads.”

C2      “We can?  What will you do with the people?  The people do not produce.”

C1      “We provide the goods and the money to buy the goods for now.  They will be allowed to consume as long as it is in our interest to allow them to consume.”

. . .

C2      “We have our own domestic problems.”

C1      “Not if we don’t acknowledge them.”

C2      “Look at the problems we don’t acknowledge.”

C1      “Who asked you?”

C2      “Our comrades are becoming . . . filthy running dog consumers.  We are creating our own mess.”

. . .

C2      “I have another plan.  What if we tried to work with them?  Why don’t we have a beer with Gary.”

. . .

Bumper stickers of the week:

Is it possible to go through the day and encounter something or anything not made out of oil and not made in China?

Gary Locke – nominated to be the Ambassador to China.  O’Bama’s most astute and foresighted appointment.

Developing “De-Community” (December 10, 2018)

Posted in Collapse, Community, Society on December 10, 2018 by e-commentary.org

. . .

K          “‘Community Fortnightly’ magazine rejected the commentary without comment.  The theme did not advance their dogma or comfort their readers.”

J          “Even those committed to debating anything are usually against discussing everything.”

. . . 

K          “He also was eyeing for someone who would understand and appreciate his concerns and observations and was not surprised that I was all ears.”

J          “Some topics just cannot be discussed with more than a few individuals who are comfortable discussing uncomfortable topics.”

. . .

K          “He lectures on the need to develop ‘Community’ after a Collapse which includes pro-actively pursuing ‘De-Community’ to protect the budding ‘Community’ from threats.”

J          “That concern has migrated near the top of my list of to-dos but is not something that others will even consider doing.”

. . .

[See the e-commentary at “On Community (June 3, 2013)” and “‘Free’ Speech At The ‘Forum’ (October 22, 2018)”.]

Bumper sticker of the week:

‘De-Community’ . . . Coming To A Community Near You