Do You, Mr. Jones…?

Guest Post by Jim Kunstler

In case you wonder how our politics fell into such a slough of despond, the answer is pretty simple. Neither main political party, or their trains of experts, specialists, and mouthpieces, can construct a coherent story about what is happening in this country — and the result is a roaring wave of recursive objurgation and wrath that loops purposelessly towards gathering darkness.


What’s happening is a slow-motion collapse of the economy. Neither Democrats or Republicans know why it is so remorselessly underway. A tiny number of well-positioned scavengers thrive on the debris cast off by the process of disintegration, but they don’t really understand the process either — the lobbyists, lawyers, bankers, contractors, feeders at the troughs of government could not be more cynical or clueless.

The nation suffers desperately from an absence of leadership and perhaps even more from the loss of faith that leadership is even possible after years without it. Perhaps that’s why so much hostility is aimed at Mr. Putin of Russia, a person who appears to know where his country stands in history, and who enjoys ample support among his countrymen. How that must gall the empty vessels like Lindsey Graham, Rubio, Schumer, Feinstein, Ryan, et. al.

So along came the dazzling, zany Trump, who was able to communicate a vague sense-memory of what had been lost in our time of American life, whose sheer bluster resembled something like conviction as projected via the cartoonizing medium of television, and who entered a paralysis of intention the moment he stepped into the oval office, where he proved to be even less authentic than the Wizard of Oz. Turned out he didn’t really understand the economic collapse underway either; he just remembered an America of 1962 and though somehow the national clock might be turned back.

The industrial triumph of America in the 19th and 20th century was really something to behold. But like all stories, it had a beginning, a middle, and an end, and we’re closer to the end of that story than the middle. It doesn’t mean the end of civilization but it means we have to start a new story that provides some outline of a life worth living on a planet worth caring about.

For the moment the fragmentary stories of redemption revolve around technological rescue remedies, chiefly the idea that electric cars will save the nation. This dumb narrative alone ought to inform you just how lost we are, because the story assumes that our prime objective is to remain car-dependent at all costs — when one of the main features in the story of our future is the absolute end of car dependency and all its furnishings and accessories. We can’t imagine going there. (How would you, without a car?)

The economy is collapsing because it was based on cheap oil, which is no longer cheap to pull out of the ground — despite what you might pay for it at the pump these days. The public is understandably confounded by this. But their mystification does nothing to allay the disappearance of jobs, incomes, prospects, or purpose. They retreat from the pain of loss into a fog of manufactured melodrama featuring superheros and supervillains and supernatural doings.

Donald Trump could never be a Franklin Roosevelt or a Lincoln. These were figures who, if nothing else, could articulate the terms that reality had laid on America’s table in their particular moments of history. Mr. Trump can barely speak English and his notions about history amount to a kind of funny papers of the mind. A sinister host of adversaries who ought to understand what is happening in this country, but don’t, or can’t, or won’t, are coming after him, and they are going to get rid of him one way or another. They have to. They must. And they will.

And then what?

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23 Comments
hardscrabble farmer
hardscrabble farmer
May 22, 2017 9:44 am

“The economy is collapsing because it was based on cheap oil, which is no longer cheap to pull out of the ground — despite what you might pay for it at the pump these days.”

He keeps repeating this and does so convincingly, but the question that is never asked is why then is it cheap at the pump? In inflation adjusted dollars it is as cheap as it has ever been- if it costs more and more to get it out of the ground, why are oil companies not charging more and more for their product?

And the whole thing was worth it for “a roaring wave of recursive objurgation”.

That’s just impressive.

Iconoclast421
Iconoclast421
  hardscrabble farmer
May 22, 2017 2:40 pm

We’re still on the downslope of a huge malinvestment curve. The price of oil is basically held down by billions of dollars in oil infrastructure loans and bonds that may or may not ever be paid. The price would actually be a lot lower if not for this massive global money printing operation. Give it a few years and supply/demand curves will resync or swing the other way and oil will be back over $100 barrel. Ther key point to remember is that the price volatility is going to keep increasing as we spend more and more years following this slow growth / plateauing of production.

javelin
javelin
  hardscrabble farmer
May 22, 2017 2:51 pm

“The economy is collapsing because it was based on cheap oil, which is no longer cheap to pull out of the ground — despite what you might pay for it at the pump these days. The public is understandably confounded by this. ”

Total load of crap-just flat out false. https://inflationdata.com/inflation/Inflation_Rate/Historical_Oil_Prices_Chart.asp

Feb 2016 saw oil at about $35 a barrel in 2016 dollars to produce. Seventy years ago it was at appx $18 a barrel ( in 2016 dollars) but has seen numerous ups and down with a high of almost $120 in 1979. ( All inflation adjusted numbers using 2016 dollars)
Oil currently is at one of its CHEAPEST periods to extract and process EVER.
As for ” the public is confounded by this” and the rest of that nonsensical paragraph, I don’t know a single person who sits around in confusion wondering why gas prices are “too low.” Conversely, people tend to ruminate on, ” if oil is 55 gallons for $35, and only costs a few cents per gallon to refine and produce gasoline ( which interestingly, was originally a discarded by-product considered too volatile a substance to have a practical usage) then why is it nearly $3 a gallon at the pump?”

We still live in the era of cheap oil–no matter how finite this period may be. To try and correlate our current financial issues and job losses to oil no longer being cheap is just inane.

PS: Ever see Obama without a teleprompter or Hillary during one of her fugue states or coughing fits?

Iska Waran
Iska Waran
May 22, 2017 10:12 am

This asshole Kunstler wants to take away our cars. Fuck him. I’m no car aficionado. I can barely tell a Nissan Versa from a Bentley. If they were the same color, I might try to get into the wrong one. Still, cars can be cheap, gasoline is cheap and an efficient way to deliver power where and when it’s needed. If they can come up with electric cars that don’t require subsidies to make sense, that’s fine, too. These know-it-alls who want to force us all onto choo-choos like pigs going to the slaughterhouse can fuck themselves. I want to go wherever the fuck I want to go, buy whatever I want and throw it into my vehicle and take it wherever the fuck I want. At any fucking time I want. And that’s exactly what TPTB don’t want – citizens with autonomy. You let citizens have agency, next thing you know, they’ll want to have an opinion.

“Trump can barely speak English and his notions of history amount to a kind of funny papers of the mind.” Those are features, not bugs. They throw people like Kunstler into a perfect tizzy.

javelin
javelin
  Iska Waran
May 22, 2017 2:22 pm

Agreed-Kunstler constantly shines his globalist mindset for any discerning reader to see. He constantly shills for government controlled/ single-payer healthcare, now he wishes to stack all the citizenry up into industrial zones where no cars are needed. Maybe we all get a cube to live in within his government-controlled housing and government-controlled electrical usage where the cube’s power is cut at a certain time every night. ( I bet he’s a closet de-population advocate also.)
All of his answers are always globalist and government controlled or rationed solutions–Kunstler’s mind machinations are scary, a dystopian nightmare for anyone who loves freedom, human rights, self-determination and individualism.

rhs jr
rhs jr
May 22, 2017 11:15 am

The economy goes down when there is less money and/or less money velocity; we got both now. Fiat money causes huge positive reinforcements up and negative reinforcements down. Simply get rid of the Federal Reserve or natural laws which ever is easier.

Dutchman
Dutchman
May 22, 2017 11:16 am

“Donald Trump could never be a Franklin Roosevelt or a Lincoln.”

I guess Kunstler is a psychic and can foretell the future.

Who knows what will happen – the guy’s only been in office 4 months.

He’s so full of shit. And there’s the running out of energy, end of cheap oil – well it’s less than $50 a barrel. He’s full of shit on this also. And then we are going to get rid of cars, what are we going to do then? He’s so fucked up.

Talk about killing the economy – how are people supposed to get to work without a car? By bus? by train? I would wager that taking public transportation to your work place would necessitate making 2 or 3 transfers – which means your commute time would be something like 90 minutes. That a fucking joke.

flash
flash
May 22, 2017 11:39 am

” In case you wonder how our politics fell into such a slough of despond, the answer is pretty simple” lectures the polished turd who voted for Obama twice.

Suzanna
Suzanna
May 22, 2017 12:05 pm

JHK,
Do you own a car, share a car, ever ride in a car?
Based on your winter, I am going to venture you
own a truck.
STOP calling the president all the names and smears
and rusty insults, please.
You are contributing to the coming chaos, and not in
a good way. I sense hypocrisy.

If I can’t get fuel at the pump, I will create another fuel.
If that fails, I will get a mule and a cart. If that fails,
I will use a bike or walk. Or, maybe it will be good to
stay close to home.

Mike Murray
Mike Murray
  Suzanna
May 22, 2017 12:12 pm

I notice there was no mention in the article about city, county, state or federal taxes and how they affect the price at the pump.
For every penny decrease of the price-at-the-pump, it puts 1 billion dollars in the pockets of consumers.
We live 45 miles from the nearest supermarket. If it gets to the mule, cart, bike or walk scenario, trips anywhere will almost zero, and well armed.

Hagar
Hagar
May 22, 2017 12:19 pm

I venture to say that we at TBP know why the economy is collapsing. The meme that the collective or common good trumps the individual has been pounded into young minds for decades. Back when Americanism vs Communism, a required course in High School, I remember the teacher saying, ‘Communism is the best form of government and economic productivity…unfortunately it only works for some insect colonies.’ Those days are gone. It has been said that public education as we now know it is the reproductive organ of the socialist state. The education system has produced the newer generations of True Believers who are sincere in their beliefs that they are saving mankind and Gaia. These SJW know in their heart of hearts that the common good, and only they know just what the common good is, justifies whatever it takes to achieve that common good. Because they are True Believers, faith not logic nor reality is their unshaken doctrine. No amount of logic, Truth, failures, or force can open their eyes…for a True Believer there will be no moral awakening.

This will not end well, the coming decades will, at best, be troublesome, at worst utter chaotic. Future generations will either be docile drones and worker bees under an iron-fisted elite, or still struggling with debt, crime and wars. Perhaps it will take Arthur C. Clarke’s braincap to calm down the inhabitants of this Earth. (from 3001, The Final Odyssey)

mark branham
mark branham
May 22, 2017 1:30 pm

Used to always read him…

I will offer a real reason the economy is headin’ for the shitter.

Our monetary system is a ponzi scheme. It takes ever more debt to pay off old debt because we’ve turned over the creation of money to banksters. An expanding economy hides that fault but nothing last forever. Now the debt is overcoming our ability to borrow… which explains why the Oligarchs are moving production(and debt creation) to Asia. Of course the old debt serfs must be marginalized so as not to infect the the new debt serfs that the vast hordes of Asia promise.

And the game goes on.

Flying Monkey
Flying Monkey
May 22, 2017 4:40 pm

I think a good part of the problem is that there is no honest money anymore. That dishonesty creeps into every nook in the economy.

I remember you could use about a quarter in the sixties to buy a gallon of gas and if you still happen to have a quarter from 1964 or before (90% silver), it will still buy a gallon of gas. However, a quarter from 1965 and beyond lost its value to effectively counterfeiting. At least for now the real price of energy is probably not the real issue. It is in my opinion the funny money system and debt.

Take what the national debt increased (1.37 Tr) (Debt to the penny website) n0w divide that by the revenue (2.99 Tr) and you get 46%. If Americans were to pay for their Government instead of putting it on the credit card with funny money, taxes would have to be 46% more. ..and people think Denmark has bad taxes…. 😉

Rise Up
Rise Up
  Flying Monkey
May 22, 2017 6:56 pm

Mark and Flying Monkey hit the nail(s) on the head. Kuntsler (his real spelling) is a one-trick pony with his trains to nowhere and bye-bye car mantra. Oil has nothing to do with our failing economy. If anything, it’s helping to keep it upright…for now.

Penforce
Penforce
May 22, 2017 8:38 pm

Agree with the Flying Monkey, it’s (( all ))about honest money. I did the (( )) thing and I don’t even know what it means.

Overthecliff
Overthecliff
May 22, 2017 9:29 pm

Hell, I suppose Trump is going to have a bigoted racist rant about Mohammedans again .