kunstler.com/blog/2009/08/the-fog-of-numbers.html
Archives Pre 12/2008 Search Search The Fog of Numbers By James Howard Kunstler on August 10, 2009 7:28 AM There's something happenin' here What it is ain't exactly clear.... We think that just because we can measure things in numbers, we can make sense of them. For decades we measured the health of our economy (and therefore of our society) by the number of "housing starts" recorded month-to-month. For decades, this translated into the number of suburban tract houses being built in the asteroid belts of our towns and cities. When housing starts were up, the simple-minded declared that things were good; What this view failed to consider was that all these suburban houses added up to a living arrangement with no future. Which is why I refer to this monumentally unwise investment as the greatest misallocation of resources in the history of the world. Even this interpretation -- severe as it is -- does not encompass the sheer damage done by the act itself, on-the-ground and to our social and cultural relations. Suburbia destroyed the magnificent American landscape as effectively as it destroyed the social development of children, the worth of public space, the quality of civic life, and each person's ability to really care about the place they called home. It's especially ironic that given our preoccupation with numbers, we have arrived at the point where numbers just can't be comprehended anymore. This week, outstanding world derivatives were declared to have reached the 1 quadrillion mark. Commentators lately -- eg NPR's "Planet Money" broadcast -- have struggled to explain to listeners exactly what a trillion is in images such as the number of dollar bills stacked up to the planet Venus or the number of seconds that add up to three ice ages plus two warmings. A quadrillion is just off the charts, out of this world, not really subject to reality-based interpretation. America will never be able to cover its current outstanding debt. We're effectively finished at all three levels: household, corporate, and government. Who, for instance, can really comprehend what to do about the number problems infesting Fannie Mae and the mortgages associated with her? There's really only one way out of this predicament: to get ready for a much lower standard of living and much different daily living arrangements. We can't wrap our minds around this, so the exercise du jour is to play games with numbers to persuade ourselves that we don't have to face reality. We're entertaining ourselves with shell games, musical chairs, Chinese fire drills, Ponzi schemes, and Polish blanket tricks (where, to make your blanket longer, you cut twelve inches off the top and sew it onto the bottom). Now that Newsweek Magazine -- along with the mendacious cretins at CNBC -- have declared the "recession" officially over, it's a sure thing that we are entering the zone of greatest danger. Some foul odor rides the late summer wind, as of a rough beast slouching toward the US Treasury. The stock markets have gathered in the critical mass of suckers needed to flush all remaining hope out of the system. The foreign holders of US promissory notes are sharpening their long knives in the humid darkness. The suburban householders are watching sharks swim in their driveways. The REIT executives are getting ready to gargle with Gillette blue blades. The Goldman Sachs bonus babies are trying to imagine the good life in Paraguay or the archepelego of Tristan da Cunha. While extremely allergic to paranoid memes and conspiracy theories, I begin to wonder about the impressive volume of World Wide Web chatter about an upcoming bank holiday -- meaning that the US government might find itself constrained to shut down the banking system for a period of time to deal with a rapidly developing emergency that might prompt the public to make a run on reserves. God knows, there are enough black swans crowding the skies these days to blot out the sun. I hesitate to suggest that readers who are able to should consider stealthily withdrawing a month's worth of walking-around money from their accounts. The week past, some so-called "conservative" political action groups (read: brownshirts pimped by corporate medical interests) trumped up a few incidents of civil unrest at "town meetings" around the country, ostensibly to counter health care reform ideas. The people behind these capers may be playing with dynamite. It's one thing to yell at a congressman over "single payer" abstractions. It'll be another thing when the dispossessed and repossessed Palin worshippers, Nascar morons, and Jesus Jokers haul the ordnance out of their closets and start tossing Molotov cocktails into the First National Bank of Chiggerville.
Reply Nancy Pelosi has been saying that the anger at the town meetings is canned. It is now known that illegal immigrants will be covered under Obama Care. The Left has been playing with fire for decades-and now they want to accuse ordinary Americans of not being nice? The Republicans are no better-they support the invasion not for reasons of ideology or votes like the Democrats, but for the cheap labor their corporate sponsors desire. Ah yes Cheap Labor, that dark obseesion so dear to the Capitalist Soul. We obviously learned nothing from slavery-we've now imported in another hostile nation in additon to the Blacks we already had. There is nothing cheap about it-the Bill will be very high indeed, so high, that ultimately no one will be able to pay it, not even the White Peasants the ruling class hates so much.
Reply "We obviously learned nothing from slavery-we've now imported in another hostile nation in additon to the Blacks we already had." Sir/Madam--you are a bigot--slavery was bad because it is fukken slavery--the might abusing the weak. Paranoia is believing outsiders are another hostile nation--while living in a nation of mostly immigrants. Hopefully you believe in an afterlife, and expect you to receive what you have given.
Reply "While extremely allergic to paranoid memes and conspiracy theories" "The week past, some so-called "conservative" political action groups (read: brownshirts pimped by corporate medical interests) trumped up a few incidents of civil unrest at "town meetings" around the country, ostensibly to counter health care reform ideas." As one of these so called "brownshirts", I know of no one that has gone to one of these meetings as a call from some organized group. Sure some people attend and ask silly questions, but some have very valid questions and have ligitimate concerns. So far the only true violence at one of these meetings, in St. Louis, was caused by "bussed in" SEIU (Union) goons beating up a black conservative protestor that was passing out Gadsden flags after a call by the union and White House to "Punch back twice as hard". First they ignore you, then they ridicule you, then they fight you, then you win.
Reply Mr Kuntstler, excellent post, I burnt my toast under the grill reading it, What you wrote, "It's especially ironic that given our preoccupation with numbers, we have arrived at the point where numbers just can't be comprehended anymore."
Reply "Now that Newsweek Magazine -- along with the mendacious cretins at CNBC -- have declared the "recession" officially over, it's a sure thing that we are entering the zone of greatest danger. Some foul odor rides the late summer wind, as of a rough beast slouching toward the US Treasury. The stock markets have gathered in the critical mass of suckers needed to flush all remaining hope out of the system. The foreign holders of US promissory notes are sharpening their long knives in the humid darkness. The suburban householders are watching sharks swim in their driveways. The REIT executives are getting ready to gargle with Gillette blue blades. The Goldman Sachs bonus babies are trying to imagine the good life in Paraguay or the archepelego of Tristan da Cunha." This is (IMO) the upshot of this superfluous "number-crunching" and temperature-taking of the American idiocracy. There IS ALWAYS a price to pay for false hopes and the blowing of smoke up collective assholes. you've got another think comin' when it s...
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