Beware the Tides of March

Blue Sky Flooding

US Highway 80, only access to Tybee Island, Georgia, underwater on October 27. It was the worst flood since a Category 2 hurricane in 1935. No rain, no wind, just an implacably rising sea.

When I first published Brace for Impact, six years ago, I did not give climate change its own chapter. I thought it was a slow-moving threat multiplier, that would exacerbate the effects of more immediate damage done by by polluters, industrial agriculture, peak oil and the like. Boy, has that changed. The onslaughts of drought, heat, savage storms and sea level rise have accelerated beyond the expectations of scientists just a few years ago, and as we come around the turn to the home stretch, climate change is neck and neck with the various other existential threats to the industrial age. The finish line, of course, being the place where we are all finished. Continue reading

Trapped in a Millennial’s Daydream


The meaning of life in one easy chart! It’s easy when you’re a Millennial. (Photo by ITU Pictures)

Culture — the shared sense of who we are, and how we act — is now transmitted, in the main, by television. Once, our culture was preserved, protected and passed along by wise elders — heads of families and clans, priests, scholars and the like, whose motivation was to remind us of our shared history and values, and to summon us to a life of service to those values. Today, our culture consists of titillation, entertainment, distraction and falsehoods choreographed by 20-somethings who think history is something that happened last week, character is a part in a movie and wisdom is the name of a tooth. Continue reading

Death Watch in the Oil Patch


Oil pumpjacks starting to suck oil instead of money. (You and I know, of course, that grasshopper pumps are not used in fracking, but have become a universal symbol for the oil bidness in the Mainstream Media, so there you go. And here you are.).

In the same sense that brave individuals are said to “fight” stage four cancer, the American oil industry has spent a harrowing year fighting reality. Since oil prices tanked last summer, the industry has drawn down its strategic reserves of whitewash, pig lipstick, shinola and embalming fluid to keep things looking good even as they were decomposing. They did a pretty good job, but then they’ve had a lot of practice.Their theory, apparently; when you’re kicking the can down the road, a myth is as good as a mile. Consider a brief compendium of the lies, damned lies and statistics the oil guys have sold the country in the past few years. Continue reading

The War on Cash

dollar decimated

I’m sorry, sir, your cash has expired and we are obliged to confiscate it. (Photo by photosteve101/Flickr)

For a couple of years now the Masters of the Universe have been massing their armored laptops on the borders of insanity to conduct a blitzkrieg against physical cash, to wipe every vestige of paper money and coinage from the face of the earth. Mutterings about the offensive began, as far as I know, six months or so ago on the financial-conspiracy and -contrarian websites. And now Lo! and Behold! the Plastic Curtain is on the verge of falling over two whole countries, Sweden and Denmark. And the softening-up process, the preliminary bombardments of explosive factoids,  and the eruption of fifth columns, is well under way around the world. Continue reading

Global Recession Accelerating toward Depression

storm clouds

The weather forecast says sunny and mild. Let’s go shopping. (Wikipedia Photo)

With the mainstream media devoting 80% of their time covering the contest to see what color uniform the captain of the USS Titanic will be wearing in 2017; with the Tea Party Taliban — 40 fundamentalist members of the House of Representatives — bringing the federal government to its knees; the storm clouds of a great global depression are building into our skies from all directions, largely unacknowledged even as they begin to blot out the sun.

Any economy is a pyramid whose broad base is comprised of the middle class — people who have enough money to provide a decent life for themselves. They do this by spending their money on the necessities of life, thus giving life to businesses organized to provide them with those necessities. This activity is called trade, and where there is no trade, there is no economic life. Continue reading

The Fall of the Colors

We look at the fall forest — here at Shavers Fork, West Virginia — but we do not see the falling trees. (Wikipedia Photo)

Every day, most of us look directly at one of the worst manifestations of global industrial pollution — only one of which is climate change — and yet we do not see it. Especially this time of year, we stare at it, take trips to see even more of it, and marvel to each other about how “gorgeous” it is. We look at the colors of the forest, but we do not see the sickness of the trees. Let me warn you: once you do see, you cannot unsee, although you will wish most fervently that you could. Continue reading

Presidential Poll Dancing


Pollsters used to get it wrong once in a great while, as when they missed Harry Truman’s victory. Now they get it wrong a lot, and it matters.

There are a lot of things wrong with the horse-race meme as it is applied to presidential politics. (“Coming around the first turn, it’s Chump Change in the lead, with Doctor Strangelove coming up on the inside….”) We all understand, if we think about it for just a minute, that an election is not a horse race, and to describe it as if it is adds nothing to our comprehension of what is actually happening.

It accomplishes the same thing Ronald Reagan used to do, in his early days as a sportscaster, when he took the box scores of a faraway baseball game off the wire service and used them to imagine the game itself and broadcast a play-by-play description. No harm, no foul, we might say; although the broadcast was bogus, it was entertaining, made money for the broadcaster, and was, as they say, inspired by true events.

But what if the box scores were bogus? Continue reading

Fortune: “Frackers Face Mass Extinction”

It’s twilight in the fracking patch. America is slowly awakening to the dimensions of the disaster. (Photo by Daniel Foster/Flickr)

Awareness is gradually seeping into the financial press that the Great American Oil Revolution has been over for months — witness the current Fortune headline, “Frackers Could Soon Face Mass Extinction.” If the general media had any grasp of what was happening in America, or what it meant, CNN would be doing wall-to-wall coverage of the deserted man-camps in North Dakota, the unemployment lines in Texas, the equipment yards stacked with idle derricks, the spreading panic in the junk-bond, bond and stock markets. Instead we get Donald’s beautiful tax plan, Hillary’s elusive emails and Carly’s mythical video tapes.

Today is the last day of the rest of the frackers’ lives. That’s because it is the last day of the third quarter of the year, the day after which banks audit their loans, assessing anew the value of the assets held as collateral. Continue reading

Habemus Papam: We Have a Pope

Pope Francis is touching millions -- by being nice. Who knew that would work? (Wikipedia Photo)

Pope Francis is touching millions — by being nice. Who knew that would work? (Wikipedia Photo)

[WARNING: One of the side effects of reading the following may be a brief period of feeling somewhat good about things. It should pass by itself (just read any other article on The Daily Impact) but if it persists for more than four hours, please seek medical attention.]

I am not a Catholic. Not even a Christian, really, despite my admiration for the teachings of Christ; none of the organizations that profess to represent him seem to me to do so. I am not an atheist, it’s just that the God that I believe in is not the one they are all talking about. But as of today, I am a Papist. Continue reading

When This Caterpillar Dies, We Don’t Get a Butterfly [UPDATE]

Unsold Caterpillar bulldozers lined up in Sao Paulo, Brazil. These are the caterpillars that signal what the financial winter is going to be like. (Photo by Roger W/Flickr)

Unsold Caterpillar bulldozers lined up in Sao Paulo, Brazil. These are the caterpillars that signal what the financial winter is going to be like. (Photo by Roger W/Flickr)

In order to have an industrial economy you have to build industrial things — roads, ports, buildings, power stations and their grids, airports, houses and shopping centers — and you have to replace them when they wear out. Such building is the activity on which an industrial society rests, the primary source of jobs and all the consequent economic activity that flows from people with jobs. What every one of these building projects needs, in addition to capital and workers, is heavy machinery. That is why the health of Caterpillar, the world’s dominant manufacturer of heavy equipment, and to a lesser extent England”s JCB, are taken as precursors of the world’s financial health.

Call hospice. Continue reading