Tuesday, November 17, 2009

Hey Mr. Economist, the war is over!

Remember those Japanese soldiers who were left behind to fight on little islands in the Pacific after World War 2 ended?
This is a picture of Lt. Onoda who was one of them and remained convinced for 29 years after the war ended that the world he used to know still existed. You can check out this fascinating true story about the Lt.

Just imagine meeting Lt. Onoda and trying to explain to him that things have changed a little and now in fact, men have "walked on the moon."

Ha, ha, ha, ha! You can almost here Lt. Onoda laughing. "No way! Men walking on the moon! Nonsense," he would say.

Funny thing is, this is pretty much the attitude I observe with Wall-Streeters, Bankers, CEOs, Biz School Grads, Government Officials and just about everybody else, including all those "educated" types that went to "Haaa-vaaad" and Yale and LSE or whatever.

Guess what guys? The joke is on you. The war ended a long time ago. Didn't you get that memo? Didn't you notice all the leaflets dropping from the sky?

It's incredibly strange that all these otherwise intelligent people have continued to ignore the signs. You know, little things like the fact that US oil production peaked way back in January 1971.

Hey! Guess what?

1971 was 29 years ago!

Just like Lt. Onoda hiding in the jungle for 29 years, these same masters of the universe have continued to "believe" in the myth of infinite cheap oil and GROWTH, GROWTH, GROWTH.

It almost sounds like some kind of cheer, doesn't it? Or scarier still, some kind of chant. Imagine a whole stadium full of economists chanting together, "GROWTH, GROWTH, GROWTH." Although I always enjoy it when they do "the wave." (otherwise known as the Wall Street Journal; nothing but entertainment) ;-)

Economic growth, as we know it in the late 20th century and early 21st, was completely dependent upon the exponential rise in the availability of cheap oil for transporation fuels and food production and everything else. End of story.

The Global Crisis is caused by the change in the vector of oil production. Simple.

But economists and the ModernMediaMachine remain convinced that the war is still on!

Maybe we should drop some leaflets down on them in the jungle and tell them the war is over and to come on out and get with the solutions to Peak Oil?

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