depression by design

DEPRESSION BY DESIGN

An extra article posted earlier.  Scroll down.
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Matthew Simmons is well known to Peak Oilers. He’d been hootin and hollerin for quite some time about the immanent Big Flush at the end of the age of cheap and abundant petroleum. Not only did Matt ( I feel familiar enough with him to be on an informal first name basis, mainly because he is dead and can’t object- and his death had no sinister implications as far as I’m concerned despite several stage whispers to the contrary as that boy was obviously a boozer as anyone watching video interviews could tell- but also because he seemed a righteous doomer dude ) write the book that made him famous, Twilight In The Desert, but he was also an advisor to both Bush and Cheney far before that. You can say a lot of bad things about Bush- moron, simpleton, Jesus Freak, dumber than a box of rocks, put into office by behind the scenes folks, a friggin idiot, dumbass walking- but at least he was controlled by folks who knew the value of geopolitical control of oil as the basis for American power. And Cheney, as evil as they come, more evil, manipulative and sinister with connections directly into the Dark One’s dominion than even ex-wife number two ( which pains me to admit that anyone at all was worse than she ), at least had the good graces to shoot a lawyer in the ass. And both had the smarts ( okay, Cheney was smart enough to tell Bush to shut up and listen ) to seek the counsel of Matt Simmons, a foremost energy expert.

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As you are pondering whether or not it is a good idea to buy the basic premise of his book-Saudi Arabia has vastly overstated its reserve figures for oil and already four or five years ago it was showing signs of imminent field decline ( and remember, older fields can lose as much as 90% of its production in as little as four or five years after peaking )- go ahead and think about this. In 2003 Matt gave a talk in which he stated the world as a whole has no way to conduct business outside of cheap and abundant oil. There was no Plan B. It was simple. There was no where near enough infrastructure for other energy sources. The only alternative was shrinking the economy. An economic depression was the only way to stretch out the time of survival. Remember, this was in 2003. Right now it sounds pretty obvious, but back then it was a pretty revolutionary thing to say. And as the housing bubble unfolded with its illusion of wealth it must have seemed like ol’ Matt was as stupid as Bush. But Matt was spot on, wasn’t he? It is almost as if this current depression was by design.

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It is pretty tempting to say that all this financial manipulation finally got out of control. That you can only play that game for so long. But financial manipulation has been going on since the Federal Reserve bank was founded ( it obviously went back further, the North Industrialists instigating the War Of Northern Aggression to create a source of colonial cheap raw material and captive consumers, but that was children’s marbles compared to this very adult game ). Do you honest Injun really think we entered WWI just out of a sense of decency and democratic ideals? You are so cute when you’re innocent and trusting. WWII was about saving the economy from itself ( the 29 crash was caused if not desired by the Fed ) and global control. As far back as the recession of 57 the bankers, who controlled the government by this time if not long ago, decided to stop investing in the US and go abroad for better profits and cheaper labor. The 70’s oil shocks just stuck a fork in that cooked pig. Granted, despite the fifty year long decline in American standards of living, the general population has benefited to some degree. We might be paupers with a few rich controllers pulling the strings, but at least we have the basics to survive on ( which is more than a lot of our colonized brethren in other countries can claim ). But it does need to be acknowledged that we, the general population, are only INCIDENTALLY enriched to whatever small degree by the elite banker manipulations.

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We could hope and pray that this time around it is just another planned reduction in our wealth. Such as when the bankers manipulated a taxpayer bailout from foreign defaults and the bankers later profited without payback. Such as the bailout two years ago. Such as the savings and loan fiasco. And etcetera. But, even giving credit where credit is due, the manipulators doing a wonderful job ruining economy after economy ( Russia, Thailand, etc. ) for the sake of themselves, the end of oil, cheap and abundant oil, is the end of that racket. Not that the bankers won’t survive until the end- they are the cockroaches of the human race, able to survive dinosaur killing asteroid strikes and extra lethal doses of radiation- because they still control events to a large degree. But stones only hold so much blood. You can’t disregard the laws of physics no matter how good you are. Even living in grinding poverty is preferable to living through civilization collapse.

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My point is that this time around, it isn’t just a planned reduction in wealth to enrich our masters. This time around it is a planned reduction in ALL our wealth to enable our masters to survive as long as possible. Yes, the ‘07/‘08 crash was planned, or at least encouraged ( it’s hard to argue otherwise unless a deliberate credit bubble in the housing market was just a slightly embarrassing mistake ), but there is no recovery this time around. As pathetic or timid as any recovery might have been, it is still better than this free fall. Don’t let the fact that we aren’t shooting each other amidst the radioactive rubble fool you. All wealth is being destroyed, from civil servant pensions to house equity ( even paid for houses will be lost among the local government desperate attempts at survival as they jack up illusionary values ). Just because we aren’t finished off doesn’t mean it isn’t around the corner.

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Listen to the energy expert. The only way to postpone the collapse caused by declining energy supplies is an economic depression. He warned us of this almost eight years ago. Six years ago he warned us about Saudi Arabian oil production. His economic depression is already here. How close is the 90% reduction in oil from the middle east‘s premier producer? That wouldn’t just be a depression, that would be the Dark Ages.

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My e-mail is jimd303@netzero.com
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