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Kunstler: A Hot Mess

General Ideas

It wasn’t until more than a week after Hurricane Katrina slammed into New Orleans in 2005 that the full extent of the damage was recognized and so it will go with the hot mess where Houston used to be. Mostly, it is inconceivable that the business activity which made Houston the nation’s fourth largest city and, according to Chris Martenson, equal to the 10th largest economy in the world, will ever return to what it was before August 26, 2017.

The major activity there has been the refining and distribution of oil products, and no activity is more central to the functioning of the US economy. So the public and our currently clueless leaders across the political spectrum, plus a legacy news media lost in the carnival of race and gender freak shows, is about to discover the dynamic relationship between energy and an industrial economy.

The pivot in this relationship is banking, which enables the conversion of oil’s raw power into everything else that goes on in a so-called advanced economy. The popular assumption is that federal disaster relief can compensate for all losses. That assumption may go out the window with the Houston flood of 2017. And no amount of federal aid can compensate for the hours, days, and weeks that will tick by as businesses struggle to return to something like their former level of normal operation.

Many businesses will never recover, especially the smaller ones that support the big one — the little tool and die shops, the construction outfits, the trucking and shipping concerns, the riggers and pipefitters, the cement companies, and so on. All of that activity existed in highly rationalized chains of on-time production and service and nothing will be on-time in Houston for a long time to come. The arguments over insurance coverage have not even begun, and then there is the question of how businesses in this perpetual flood zone will renew their insurance. Or how might they relocate to higher ground? And how do they pay for that? And where is higher ground in this vast, swampy lowland?

The public has been conditioned by frequent natural disasters to think that nobody has to eat the losses, so that in effect loss doesn’t exist, just as the nation’s central bank has engineered the belief that risk no longer exists in the management of capital. We sure had a nice demonstration of the latter, with the Dow inching over the 22,000 hashmark in overnight futures trading today. The exertions of the Federal Reserve in propping up the stock markets will have to go pedal-to-metal now to make up for the hole in economic activity that Houston represents.

Meanwhile congress is left to dither over two conjoined financial emergencies at once: authorizing emergency aid to Houston, and resolving the debt ceiling problem. The fault lines are already visible in the ill-feeling left over from Texas’s congressional delegation voting against aid for Hurricane Sandy’s rip through New York and New Jersey. Texas Senator Ted Cruz, for one, has reinvented his political philosophy overnight to accommodate federal aid for natural disasters, something he was not keen on before September 26.

I’d assume that these politicians have some normal human sympathies — yes, really — but that these emotions won’t stand in the way of their agenda for mutual self-destruction. Even if they manage to cobble together some kind of emergency aid package for Houston, the process will coincide with the Treasury running out of supposedly “actual” money — that is, money which can be accounted for by some method besides check-kiting. Another assumption du jour is probably the idea that accounting no longer matters, that bankruptcy no longer means anything. Pretty soon, those logical fallacies will manifest in an accelerated falling value of the US dollar.

Somewhere in this reverberating hot mess stands a character named President Trump. He acted out the customary disaster visitation ceremony last week, but I predict that the as-yet-revealed after-effects of Hurricane Harvey will put him in deeper and stinkier hot water than George W. Bush splashed through with Katrina.

Meanwhile, what’s that monster called Irma doing out there in the Atlantic?


138 Comments on "Kunstler: A Hot Mess"

  1. GregT on Sun, 3rd Sep 2017 11:52 am 

    ” I am not talk, I am the walk. My actions have proven this out oVeer the years….”

    This is an Internet forum Davy. All talk, and no walk.

    “It is my life you are in the extreme effort to discredit and destroy. For me it is self-defense.”

    Makati has absolutely no control over your life, or the demise of the U.S. You aren’t defending anyone from anything. Again, all talk, and no walk.

    Pure delusions Davy. Please get some help.

  2. Davy on Sun, 3rd Sep 2017 12:39 pm 

    Good one grehg, our resident board internet psychologist. You are a true piece of work. Look who is the stalker. Are you capably of looking in the mirror? I call you a prick but the reality is you follow me like a stalker. What a sick hypocritical ass wipe. Your anti-Americanism is so deep and intense you can’t even see how far into a fantasy world of hatred you are.

  3. Cloggie on Sun, 3rd Sep 2017 1:21 pm 

    With ice-hockey, very popular in North-America, there is the institution of “time-out”.

    Powerful institution, applicable elsewhere.

  4. Davy on Sun, 3rd Sep 2017 1:43 pm 

    Does that apply to you and apnea? Europeans like hockey too.

  5. Anonymouse1 on Sun, 3rd Sep 2017 1:56 pm 

    Who is this ‘we’ you are talking about here exceptionalist? By ‘we’ do you mean you and your goats? You are pretty much a one-man band, so you might want consider changing that ‘we’ to ‘I’.

    The only one with ‘hurt feelings, here, is you, exceptionalist.

  6. GregT on Sun, 3rd Sep 2017 2:06 pm 

    “Powerful institution, applicable elsewhere.”

    Timeouts last for 30 seconds in Ice Hockey Cloggie.

  7. Davy on Sun, 3rd Sep 2017 2:10 pm 

    Millennial Canadian looser I got you to perk up. That makes me happy. You are actual more disgusting than both makat and grehg. You are proof that our northern neighbor is going down the brain drain. You have little understanding of the world being locked into you horrid anti-Semitic diatribes. I don’t care for Jews but with you it is a ugly sickness.

  8. GregT on Sun, 3rd Sep 2017 2:11 pm 

    If you have a coherent rebuttal that disproves what I said above Davy, by all means post it.

    Otherwise your usual delusional rants, childish rhetoric, and name calling, are a waste of your time, and everyone else’s. You have been doing this now almost every single day for over three years. Get a grip on yourself, please.

  9. Davy on Sun, 3rd Sep 2017 2:15 pm 

    grehg, I don’t have to do anything for you but maybe spit on you. You are a stalker remember. Go prick somewhere else.

  10. GregT on Sun, 3rd Sep 2017 2:24 pm 

    You really are quite the piece of work Davy. Your little temper tantrums are exactly what should be expected from an out of control 9 year old brat.

  11. Cloggie on Sun, 3rd Sep 2017 2:25 pm 

    Does that apply to you and apnea?

    We never fill entire threads with bickering, certainly not since I disciplined him.

    Europeans like hockey too

    And often win, but I digress.

  12. Cloggie on Sun, 3rd Sep 2017 2:29 pm 

    Talking about a hot mess… Assad forces are near connecting to their Deir-al-Zor stronghold:

    Poor John McCain.

  13. GregT on Sun, 3rd Sep 2017 2:42 pm 

    “And often win, but I digress.”

    “Often” would be kind of stretching things a bit Cloggie, more like occasionally.

  14. GregT on Sun, 3rd Sep 2017 2:44 pm 

    “Poor John McCain”

    I wouldn’t refer to McCain as poor, he is after all still running loose. The guy should have been locked up a long time ago, in a geriatric ward for the criminally insane.

  15. Davy on Sun, 3rd Sep 2017 3:01 pm 

    Clog, so you are keeping track and established the ground rules. By all means post the regs. You guys go at it for days at a time and fill threads. You get so wrapped up in the effort you lose track. Kind of funny there is always a Canadian twisted up in these thread wars. Must be something in the water up there.

  16. Cloggie on Sun, 3rd Sep 2017 3:04 pm 

    “Often” would be kind of stretching things a bit Cloggie, more like occasionally.

    Don’t you have enough enemies as it is? lol

    It is true that Canada was unbeatable between 1920-1961. But it was all downhill from there.

    Between 1962-1994 it was all European.

    Since 1994 it was 7 x Canada and 17 x European.

    You are right “often” is off the mark.

    It is usually.

    Surprisingly the US only won in 1933 and 1960. That’s still better than Holland though.

  17. GregT on Sun, 3rd Sep 2017 3:48 pm 

    I guess Cloggie, if you consider the USSR and Russia to be European. It was always my understanding that Russia was more a part of Asia, than it was of Europe.

  18. GregT on Sun, 3rd Sep 2017 3:53 pm 

    “You guys go at it for days at a time and fill threads.”

    The big difference being Davy, people mainly take things with a grain of salt, and don’t get all emotionally disturbed. Debating can actually be quite fun.

  19. Cloggie on Sun, 3rd Sep 2017 4:08 pm 

    “I guess Cloggie, if you consider the USSR and Russia to be European. It was always my understanding that Russia was more a part of Asia, than it was of Europe.”

    I have a Gaullist understanding of what is European:

    « C’est très bien qu’il y ait des Français jaunes, des Français noirs, des Français bruns.
    Ils montrent que la France est ouverte à toutes les races et qu’elle a une vocation universelle. Mais à condition qu’ils restent une petite minorité. Sinon, la France ne serait plus la France . Nous sommes quand même avant tout <b.un peuple européen de race blanche, de culture grecque et latine et de religion chrétienne.

    90% of the Russians live West of the Ural-mountains, are white and have a Christian heritage. European.

  20. GregT on Sun, 3rd Sep 2017 5:23 pm 

    I wonder? would it matter what the Russians think?

    Why Isn’t Russia Part of Europe?

  21. Davy on Sun, 3rd Sep 2017 5:29 pm 

    grehg, remember your are the stalker and now we know you get pleasure out of it. The difference between us is I say something and you prick. Big difference in substance.

  22. Makati1 on Sun, 3rd Sep 2017 6:16 pm 

    Guys, all Davy has left is emotions. He is offended when anyone points out the NON exceptional, VERY dispensable, country he inhabits. But, as there are no positive facts that he can use, he gets frustrated and resorts to rants and tantrums.

    Peak oil is a dead topic, so the other, depletion/petroleum related articles are posted for debate. They open the door a lot wider than just the topic of peak oil. I enjoy the site and those who can debate intelligently. Others, I just poke because they deserve it. They are perfect examples of why the US is failing.

  23. Davy on Sun, 3rd Sep 2017 6:30 pm 

    makat, my emotions are great. I am off your ignore list and on your daily comment list. Like your boyfriend to says “mission accomplished”

  24. GregT on Sun, 3rd Sep 2017 6:34 pm 

    I have always enjoyed debate Davy. I use it as an opportunity to expand my knowledge base, and I am always open to learning new things.

    Like I have said to you numerous times before, if you have something of substance to add to the conversation, by all means let’s hear it. I’m all ears. If all you have is childish rhetoric, name calling, and emotional outbreaks, then you are completely wasting both your time, and energy.

  25. GregT on Sun, 3rd Sep 2017 6:37 pm 

    “Like your boyfriend to says “mission accomplished””

    I thought it was George Bush who said that? Was that the guy you were having your little bitch slapping session with, who told you that makati was his boyfriend? Wow Davy, what a tangled web you weave.

  26. Davy on Sun, 3rd Sep 2017 6:39 pm 

    Your idea of debating is pricking grehg. You say little of substance. Most of the time you are pricking boat. You are an obsessive with anger issues. Get help grehg.

  27. GregT on Sun, 3rd Sep 2017 6:52 pm 

    “You are an obsessive with anger issues.”

    More delusions on your part Davy. If you can’t dazzle them with brilliance, baffle them with bullshit. Seems perfectly logical. 🙂

  28. Davy on Sun, 3rd Sep 2017 6:59 pm 

    get help grehg

  29. Makati1 on Sun, 3rd Sep 2017 7:21 pm 

    GregT, you are wasting your time on Davy. The insane don’t/won’t recognize their illness. To them, we are the ones with a problem. That is why I say hat insanity is rampant in America. It is always the other guy at fault.

  30. GregT on Sun, 3rd Sep 2017 7:26 pm 

    And what’s with your ‘boyfriend’ obsession Davy? Are you homophobic? You know what the studies say about homophobes?

    Are Homophobes Really Gay?

    ” In a 1993 study, levels of homophobia were assessed among 64 men along with their sexual arousal (measured by increases in penile circumference) in response to erotic videos of heterosexual, same-sex female, and same-sex male encounters. Those who scored high on homophobia were more likely to also manifest sexual arousal in response to the videos of male homosexual encounters.”

  31. Davy on Sun, 3rd Sep 2017 7:47 pm 

    Makat, I sure have you and your Canadian boyfriend stirred up. Do I need to say it again? Yea go ahead Davy. Mission

  32. Makati1 on Sun, 3rd Sep 2017 10:36 pm 

    “… the author discusses the psychology of brainwashing that’s allowing every American to succumb to tyranny right before their eyes and not only not realize it, but beg for more oppression. … As Americans choose sides, their rights and freedoms are sold to the highest bidder.”

    The Fascist Sates of America and its growing police state government.

  33. Makati1 on Sun, 3rd Sep 2017 10:37 pm 

    Does insanity run deep in your family, Davy?

  34. Cloggie on Mon, 4th Sep 2017 4:20 am 

    I wonder? would it matter what the Russians think?

    Why Isn’t Russia Part of Europe?

    Oh please Greg, you enter a Google search like “Is Russia European?” and then you find a link that denies that Russia is European and already you suggest that the link represents the “Russian people”.

    A newspaper never represents “the people”, but invariably the agenda/ideals/interests of the owner of the newspaper. In the case of the “Moscow Times”, a small newspaper of 55k, the interests of the stinking Dutch commie Derk Sauer.

    And like all commies (commie=”One Worlder”) after 1991, he loves Washington and hates Putin. Obviously Sauer uses his “newspaper” as an NWO propaganda-tool against Putin.

    In 1992 Sauer told me himself he was getting the money for his newspaper, Moscow Times, from US sources. He also said that in starting that publication, an American national was necessary as editor to secure the funding on which the publication depended. The American reporters at the Moscow Times suspected the money was coming, indirectly, from the US Government.

    So much for the credentials of the “Moscow Times”, now back to the question “Is Russia European?”. Perhaps you would care to take a look at Russia women:

    0% Asiatic.

    That is not to say that the answer to the question is clear cut. There is in Russia indeed a “struggle” between the “Europeans” and “Eurasians”.

    First of all, many Russians leaders since Peter the Great always had the ambition to connect Russia to Europe and Putin is no exception.

    Putin in his own words (2012):

    “Russia is an inalienable and organic part of Greater Europe and European civilization. Our citizens think of themselves as Europeans. We are by no means indifferent to developments in united Europe.”

    There you go. Putin btw has unprecedented stable longterm high approval ratings.
    A representative of the Eurasian line is the Russian-Dutch blogger TheSaker.

    The major headache for Washington strategists and hence Derk Sauer would be the formation of a conservative Grand European alliance (“Paris-Berlin-Moscow”), the explicit goal of Anglo-hater Charles de Gaulle and every Gaullist after him, including Chirac. Because it would make US NWO aspirations completely obsolete. And Putin is also a Gaullist.

    Here George Friedman candidly admitting that the main geopolitical goal of the US is preventing the Russian-German alliance:

  35. Cloggie on Mon, 4th Sep 2017 4:54 am Syria may be in ruins, but it looks like Assad ‘has won the war militarily’

  36. Apneaman on Mon, 4th Sep 2017 5:59 pm 

    The Alarming Militarization Of American Police

    Utah police probe arrest of nurse who refused to give patient’s blood – video

    Georgia police officer tells woman ‘we only kill black people’ on camera

  37. Makati1 on Mon, 4th Sep 2017 6:27 pm 

    Ap, the US Police State is alive and well. Soon no American will be able to deny it. I don’t think even the Nazi Police had all of the military gear that most US police departments now have. The Nazi attitude toward ‘others’ is coming out into the open. Papers (I.D.) Please!

  38. Apneaman on Mon, 4th Sep 2017 7:23 pm 

    Mak, papers are not necessary when one has been reduced to a data stream and collection of algorithms. Facial recognition technology and gait recognition technology are here now and becoming more wide spread & required by the day. Just a matter of time before they cheaply can be networked with millions of drones which are already here and being adopted by the po-lice. Now try and imagine the stuff they have that they are not telling us about or not admitting to. If/when they pull off a total cashless society that will be a lock. 3/4ths or more there already. tECHNO SLAVES.

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