[A-List] The Queasy Season

[Bill Totten]

by James Howard Kunstler

Comment on current events by the author of
The Long Emergency (2005)

www.kunstler.com (August 09 2010)

A scarlet tinge colors the Virginia creeper, the Canada geese grow
restless out on the fairways, an ominous canape fatigue spreads through
the Hamptons, and cyclonic weather blobs march west across the Atlantic
- you know that time of the year has arrived. Fall approaches on busy
feet. The name itself suggests slippage. Though many government numbers
lie, a dark reality still penetrates the fog of econometrics. Visions
of tumbling indexes wither the spinal fluxes of nervous day traders
praying to their little effigies of Jim Cramer that it's all just in
their heads. Sometimes it seems as though the universe itself grows
tired of suspense and yields to the zeitgeist. A cosmic groan fills the
air from sea to shining sea as all eyes turn skyward. Was that the
sound of the economy rolling over?

Peak pretending now joins peak oil, peak credit, peak rare earths, and
all the other peaks visible to us humble valley dwellers. Pretending
bought America two years of respite from the ravages of fraud and
mismanagement, but now the true condition of this society reveals
itself like the disfigured ghoul in the sewer lowering his mask.
Further pretending is unnecessary now. We're even beyond the "modified
limited hang-out" stance, as a long-ago presidential counselor once put
his PR strategy in the face of crumbling public credulity. When nothing
is believable, what's the point in even pretending?

Here are some truths which I believe to be self-evident: that the USA
has been running on fumes since the beginning of the 21st century. That
you can't get something for nothing, and attempts to do so always end
in tears. That massive expenditures of energy produce equivalent globs
of entropy - which you can translate to "bad ju-ju" or the tendency of
whatever can go wrong to go wrong. That because we're unwilling to
re-scale and reform the things we do, nature is about to do it for us.
That America has transformed itself from a nation of earnest, muscular,
upright citizens to a land of overfed barbarous morons ruled by
grifters. That what has been economics is about to turn dangerously
political.

The greatest loss of the last decade was not in 401-Ks or manufacturing
jobs or foreclosed houses, but the rule of law. Without genuine rule of
law, anything goes and nothing matters. As a consequence of that,
finally, everything goes. The rule of law is what kept foreigners
buying our debt all these years (the fumes we've been running on). They
kept buying because they believed, when all was said and done, that
Americans would enforce contracts and regulate behavior in the
direction of fair dealing - not for its own sake but because it made
things work better. But when the rule of law goes here, the rest of the
world will notice its absence. They'll stop believing in our money and
our future. They'll cash out and we'll wash out. Then, as human tribes
are wont, they may just turn around and kick our ass because we're down.

The comprehensive failure of leadership deepens every week, as does the
gulf between what people like Barack Obama and Mitch McConnell say and
what is really happening on-the-ground in the arena of everyday life.
Storyline: last week, Mr Obama hailed the revival of the automobile
industry with the debut of Chevrolet's new electric car, the Volt.
Reality: at $41,000 retail, nobody outside lower Manhattan, Hollywood,
or K Street will have enough money to buy one. Storyline: Mitch
McConnell inveighs against a bill to require corporations to take
responsibility on camera for their political advertisements; he says it
will lead to job losses. Reality: the Senate Minority Leader is
shilling for corporations that want to run massive, unlimited ad
campaigns in support of corporate agendas - such as off-shoring jobs.

The failure of leadership extends through government to the news media
to business to the universities to the courts. All authorities are
suspect. All are dishonest and cowardly. When the attempt to enforce
some basic rules of decency in banking ends up in legislation that runs
two-thousand pages, the rule of law is dishonored. Anyway, adding that
much unneeded complexity to a system that is already too excessively
complex to function anymore must be an obviously bad move. The
Glass-Steagall act was under forty pages. Why not just correct the
mistake we made eleven years ago and vote it back into existence?
Somebody must know where it is - in some back filing cabinet of the
Library of Congress.

In times like these politics gets very crazy. The public forgets how
misled and confused it is and develops vicious certainties that do not
necessarily jibe with reality. The public becomes a mob and democracy
turns into a kangaroo court, which is to say: a mockery of the rule of
law. I suspect we'll see a correlation of turbulence in politics and
markets as the weeks pound forward toward Halloween. By election day,
democracy itself will be in disrepute and the streets will run with mad
dogs. When this sucker goes down (to paraphrase a past president) it's
going to be like a fire in a circus tent. Don't expect much from the
clowns' bucket brigade. We'll be lucky if they don't toss gasoline into
the grandstands.

I doubt I'm the only one who senses something in the air - and not just
the impressive heat and humidity. Anyway, I'm going off for a few days'
vacation this week to do no more than walk around in the salt air
beside the ghost-filled ocean.

_____

A sequel to my 2008 novel of post-oil America, World Made By Hand, will
be published in September 2010 by The Atlantic Monthly Press. The title
is The Witch of Hebron.

Mr Kunstler's biography is at http://kunstler.com/bio.html.

http://kunstler.com/blog/2010/08/the-queasy-season.html


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