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It’s all an illusion sustained by accounting fraud to conceal promises that won’t be kept. Trump, convinced of his own brilliance, knows nothing, and wears his incoherence like a medal of honor.
All the mighty efforts of central bank authorities to borrow “wealth” from the future in the form of “money” — to “paper over” the absence of growth — will not conceal the impossibility of paying that borrowed money back. Clinton literally personifies the horror of these coiled consequences waiting to spring — and the pretense that everything will continue to be okay with her in the White House (not).
They can do physical labor instead of watching television.
They can build compact walkable towns instead of suburban wastelands (probably even out of the salvaged detritus of those wastelands).
In the absence of this “growth,” as defined by the employment and productivity statistics extruded like poisoned bratwursts from the sausage grinders of government agencies, this elite can see only the yawning abyss.
The poverty of imagination among our elites is really something to behold.
Having hit the resource wall, especially of affordable oil, the global techno-industrial economy has sucked a valve in its engine.
The awful vibe from this depraved election might be enough to bring down markets and banks. The 20th Anniversary edition With an entertaining new introduction by the author Bargain Price .99 Amazon Kindle …or … Kobo Support this blog by visiting Jim’s Patreon Page!
(For a brilliant gloss on this phenomenon, read Ben Hunt’s essay “Magical thinking” at the Epsilon Theory website.) One way out of this quandary would be to substitute the word “activity” for “growth.” A society of human beings can choose different activities that would produce different effects than the techno-industrial model of behavior.