Posted by: Rob | March 10, 2009


One of the founding fathers of modern psychology, Dr. Carl Jung, once said, “People cannot stand too much reality.”

When it comes to current events I am, of late, drawn as a moth to a lighted window.  But, my sources of news of the day are a bit varied and a little non-standard.

One of my favourite opinion writers is Jim Kunstler and I read his weekly blogs almost religiously, despite the tone and doom and gloom spin he puts on current goings-on in the US of A.

This week’s post was no different and I thought I’d put up a couple of quotes from the piece to, perhaps, whet your appetite:

I maintain that there are countless constructive tasks waiting to occupy us on a long national “to do” list for rebuilding a national economy, but they are way different than the ones currently preoccupying government and the mainstream media. The Obama White House, Congress, and The New York Times are hung up on exercises in futility — “rescuing” banks and insurance companies that cannot be rescued (because they are hopelessly trapped in “black hole” credit default swaps contracts), and re-starting a “consumer” binge that was completely crazy in the first place, based, as it was, on a something-for-nothing standard-of-living.

Last week, New York State Attorney General Andrew Cuomo hauled Bank of America chief Ken Lewis into his office to explain who, exactly, received an aggregate several billion dollars in bonuses late in 2008 after the US Treasury forked over billions of dollars in TARP money to his bank. That was a good start. Mr. Lewis, being lawyered-up to the max, had the temerity to reply that answering the question would compromise his ability to keep talented people in his employ. For that impertinence alone, Mr. Lewis ought to be dragged over fifteen miles of broken chardonnay bottles behind a GMC Yukon — but that is not how we do things in American jurisprudence. To be more realistic, a simple indictment would be in order, and then Mr. Lewis can answer this question, and a few others, in the comfort of an air-conditioned courtroom. Ultimately, that might lead to Mr. Lewis becoming the wife of a bodybuilder in one of New York State’s houses of correction — a just outcome that would go far in rejiggering the nation’s expectations about how people in authority ought to behave. And such an outcome might lead to the conviction of many other brides-to-be from the Wall Street debutante pool.

The bigger question for now is whether any of these authorities will act effectively before the public simply goes apeshit and starts burning down Greenwich, Connecticut. The dangerous shift in public mood is liable to occur with shocking swiftness, in the manner of “phase change,” where one moment you see a bewildered bunch of flabby clown-citizens vacuously enraptured by “American Idol,” and the next moment they are transformed into a vicious mob hoisting flaming brands to the window treatments of a hedge funder’s McMansion. The moment of opportunity for avoiding that outcome is looking sickeningly slim right now.

All of which makes this article from all that more germane.

Time to go out and stock up on water, matches and … ammunition.



  1. I hope for my daughter’s sake that your recommendation to stock up is a grotesque exaggeration.

  2. I’m just glad we didn’t move to Texas although it would be easier to stockpile down there.

  3. Jung was right. All these damned reality shows on TV are driving me insane.

    • kyk: Reach for the remote. Find the power button. Press it. When the screen goes dark, get up and go do something that relaxes you.

  4. All the neo-cons are already buying up guns and ammo like it’s going to disappear, have been since election day. Stupidity abounds. Kunsler makes a lot of good points. I may have to check him out.

    • Well, I guess we can always take them from their “cold, dead hands”, eh?

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