How Goes the War?

From the keyboard of James Howard Kunstler
Follow us on Twitter @doomstead666
Like us on Facebook

Originally Published on Clusterfuck Nation February 16, 2015

Oh, you didn’t notice that World War Three is underway, actually has been for more than year? Well, that’s because most of it has been taking place in the banking sector, which for most people is just an alternative universe of math. The catch, which many people either miss or don’t care about, is that the math doesn’t add up.

For instance, the runaway choo-choo train of linked European sovereign bond obligations with its overloaded caboose of interest rate swaps and other janky derivatives of mass destruction. That train left the station in Athens a few weeks ago bound for Frankfurt. Ever since, the German government and its cohorts in the EU, the ECB, and the IMF have been issuing reassurances that the choo choo train will not blow up when it reaches its destination.

Few people grok that Greece is an entity with an economy not much bigger than North Carolina’s, yet it is burdened with roughly $350 billion of old debt that will never be paid back. The only thing at issue is how it will not be paid back, that is, what mode of pretense will be employed to disguise the inability to pay back this debt. The mode du jour has been the crude one of lending Greece more money to pay back the interest on the old debt. A seven-year-old ought to be able to understand where that leads.

It’s kind of up to the Greeks this week to possibly opt out of that farcical deal. They have at least two other present options: return to being a sunwashed semi-medieval backwater of olive farmers, shepherds, and inn-keepers, or perhaps lease out some cozy corner of their vast Mediterranean coastline to the Russian navy for enough annual walking-around money to keep the lights on for the aforementioned farmers, shepherds, and inn-keepers. Of course, that would drive the US and its NATO quislings batshit crazy.

We’ve already got our knickers in a twist over Ukraine, a so-called nation whose highest and best purpose over the millennia has been as a sort of lethal doormat in front of Russia, leaving adventurers like Napoleon and Hitler bleeding in the snow as they crawled back to their nations of origin. In short, Ukraine has worked so well for Russia that we must be insane to imagine that it would give up that traditional relationship. Yet the US and NATO persist in their foolishness and attempt to back up their Kievan intrigues with financial “sanctions” against Russia.

Russia is doing what it has always done in the face of adversity, which is to suck it up. And, anyway, these western financial monkeyshines don’t hold a candle to ordeals like the siege of Stalingrad. What’s more, the Russians, despite their peculiar alphabet and thuggish demeanor, are at least as clever with computers as our code jockeys. We (in the USA) think just because we’ve made it possible for everyman to drool over Kim Kardashian’s booty on an iPhone screen that we have some kind of immunity against cyber counter-attack from way out east.

It seems to me that Russia (with China and others) is very busy constructing an alternate financial network that will allow for international money transfers and other necessities for conducting normal trade operations, outside of systems like the SWIFT code, which the US has been using as a knout against our imagined enemies. The upshot will leave America high and dry in a lot of what remains of international trade, especially in oil.

Meanwhile we continue to tell ourselves the false and idiotic story of “energy independence,” based on the shale oil Ponzi scheme that blew up last fall — the consequences of which won’t really be felt for about another eight months, when all those wells drilled and fracked in 2013-14, start to fall off their production cliff, and the replacement wells will not have been drilled. We’re still importing almost 8 million barrels of oil a day, contrary to all the fairy tales we tell ourselves. What happens when the sellers decide they won’t take US dollars for it? Hmmmm….

 

 

***

James Howard Kunstler is the author of many books including (non-fiction) The Geography of Nowhere, The City in Mind: Notes on the Urban Condition, Home from Nowhere, The Long Emergency, and Too Much Magic: Wishful Thinking, Technology and the Fate of the Nation. His novels include World Made By Hand, The Witch of Hebron, Maggie Darling — A Modern Romance, The Halloween Ball, an Embarrassment of Riches, and many others. He has published three novellas with Water Street Press: Manhattan Gothic, A Christmas Orphan, and The Flight of Mehetabel.

2 Responses to How Goes the War?

  • Chuck says:

    I think part of the US obsession with Russia is envy. Russia is very well placed to withstand the perfect storm of horrors heading our way as we hit the limits to growth. The US on the other hand… well, let’s just say I’ve emigrated.

  • Snowleopard says:

    Certainly there has been no period of total peace in the world since WWII

    http://www.war-memorial.net/wars_all.asp

    When did WWIII start? It depends on how you visualize a world war. Multiple choice:

    A. Ukraine 2014
    B. 9/11/2001
    C. Bosnia 1992
    D. US vs Iraq 1990
    E. Soviets vs Afghans & AllCIAduh 1979
    F. Israel vs MENA 1967
    G. WWII never really ended, just a change of pace and alliances. The real war: Banksters vs people continues.

Knarf plays the Doomer Blues

https://image.freepik.com/free-icon/musical-notes-symbols_318-29778.jpg

Support the Diner
Search the Diner
Surveys & Podcasts

NEW SURVEY

Renewable Energy

VISIT AND FOLLOW US ON DINER SOUNDCLOUD

" As a daily reader of all of the doomsday blogs, e.g. the Diner, Nature Bats Last, Zerohedge, Scribbler, etc… I must say that I most look forward to your “off the microphone” rants. Your analysis, insights, and conclusions are always logical, well supported, and clearly articulated – a trifecta not frequently achieved."- Joe D
Archives
Global Diners

View Full Diner Stats

Global Population Stats

Enter a Country Name for full Population & Demographic Statistics

Lake Mead Watch

http://si.wsj.net/public/resources/images/NA-BX686_LakeMe_G_20130816175615.jpg

loading

Inside the Diner

Quote from: K-Dog on Today at 09:51:41 AMSo now Trump is going to do a roundup on Stephen Miller's advice.  Things could get interesting.  There may be blood. As the articles indicate, ICE has neither the money...

If posting such a big picture of Stephen Miller is not a violation of the CoC it should be.  Saying he is a POS is not a violation unless he is on the membership rolls.  I don't think he is so a total POS he is.I stopped in for a $7 dollar pastry and ...

Really good (although long) piece on the futility of trying to tame the Mighty Mississippi.REhttps://slate.com/business/2019/06/new-orleans-mississippi-river-high-water-climate-change.htmlHell Is High WaterWhen will ...

http://www.youtube.com/v/McnKrV0aDjo

Trumpovetsky is, as usual, FULL OF SHIT 💩.REhttps://slate.com/news-and-politics/2019/06/trump-ice-illegal-immigration-undocumented-crackdown-siege-arrests-deportation.htmlTrump Says Next We...

Diner Twitter feed

Knarf’s Knewz

Researcher David Spratt warns in a new report that [...]

Belgian Trappist monk Manu Van Hecke is to sell hi [...]

With the stroke of the governor's pen on Mond [...]

Boeing is open to renaming its troubled 737 Max, i [...]

Diner Newz Feeds
  • Surly
  • Agelbert
  • Knarf
  • Golden Oxen
  • Frostbite Falls

Doomstead Diner Daily June 18The Diner Daily is av [...]

Doomstead Diner Daily June 17The Diner Daily is av [...]

The Illiberal Right Throws a TantrumA faction of t [...]

THE TERRIFYING WORLD OF ALEX JONES[html] [...]

Doomstead Diner Daily June 16The Diner Daily is av [...]

Quote from: UnhingedBecauseLucid on March 18, 2019 [...]

CleanTechnicaSupport CleanTechnica’s work via dona [...]

QuoteThe FACT that the current incredibly STUPID e [...]

Researcher David Spratt warns in a new report that [...]

Belgian Trappist monk Manu Van Hecke is to sell hi [...]

With the stroke of the governor's pen on Mond [...]

Boeing is open to renaming its troubled 737 Max, i [...]

In November 2018, a 66-year-old man named Tommy Th [...]

Dear Readers, Things in Venezuela are getting mess [...]

Quote from: Golden Oxen on April 27, 2019, 01:49:4 [...]

Quote from: Eddie on April 25, 2019, 09:09:46 AMQu [...]

Alternate Perspectives
  • Two Ice Floes
  • Jumping Jack Flash
  • From Filmers to Farmers

The Brainwashing of a Nation by Daniel Greenfield via Sultan Knish blog Image by ElisaRiva from Pixa [...]

A Window Into Our World By Cognitive Dissonance   Every year during the early spring awakening I qui [...]

Deaf, Dumb and Blind Who Is Better at Conceding They Are Wrong - Conservative or Liberal Extremists? [...]

The Apology: From baby boomers to the handicapped generations. by David Holmgren Re-posted from Holm [...]

Society Is Made Of Narrative. Realizing This Is Awakening From The Matrix. By Caitlin Johnstone Orig [...]

Event Update For 2019-06-16http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2019-06-15http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2019-06-14http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2019-06-13http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2019-06-12http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

With fusion energy perpetually 20 years away we now also perpetually have [fill in the blank] years [...]

My mea culpa for having inadvertently neglected FF2F for so long, and an update on the upcoming post [...]

NYC plans to undertake the swindle of the civilisation by suing the companies that have enabled it t [...]

MbS, the personification of the age-old pre-revolutionary scenario in which an expiring regime attem [...]

Daily Doom Photo

man-watching-tv

Sustainability
  • Peak Surfer
  • SUN
  • Transition Voice

Carbon in the Dale"Rather than put back the coal mines, we should seriously think about putting back the forests. [...]

Farewell to the Fishes"Ninety percent of the world’s marine fish stocks are now fully exploited, overexploited or dep [...]

Climate Change Reversal at Whole Village"During the burn people were taken around the farm to see the 40,000+ trees we have planted, ou [...]

Pitching Seaweed Straws"Kelp-based straws will beat the price of paper straw competitors later this year and could und [...]

What is your climate pawprint?"If US dogs had their own country it would be bigger than 200 other countries and likely be on [...]

The folks at Windward have been doing great work at living sustainably for many years now.  Part of [...]

 The Daily SUN☼ Building a Better Tomorrow by Sustaining Universal Needs April 3, 2017 Powering Down [...]

Off the keyboard of Bob Montgomery Follow us on Twitter @doomstead666 Friend us on Facebook Publishe [...]

Visit SUN on Facebook Here [...]

Why has it taken so long for the climate movement to accomplish so little? And how can we do better [...]

To fight climate change, you need to get the world off of fossil fuels. And to do that, you need to [...]

Americans are good on the "thoughts and prayers" thing. Also not so bad about digging in f [...]

In the echo-sphere of political punditry consensus forms rapidly, gels, and then, in short order…cal [...]

Discussions with figures from Noam Chomsky and Peter Senge to Thich Nhat Hanh and the Dalai Lama off [...]

Top Commentariats
  • Our Finite World
  • Economic Undertow

Hi Steve. I recently found what I believe is a little gem, and I'm quite confident you'd a [...]

The Federal Reserve is thinking about capping yields? I don't know how long TPTB can keep this [...]

As some one who has spent years trying to figure out what the limits to growth are. let me say that [...]

Peak oil definitely happened for gods sake. Just because it isn't mad max right now is no indic [...]

@Volvo - KMO says he made some life choices he regrets. Not sure what they were. And I don't th [...]

RE Economics

Going Cashless

Off the keyboard of RE Follow us on Twitter @doomstead666...

Simplifying the Final Countdown

Off the keyboard of RE Follow us on Twitter @doomstead666...

Bond Market Collapse and the Banning of Cash

Off the microphone of RE Follow us on Twitter @doomstead666...

Do Central Bankers Recognize there is NO GROWTH?

Discuss this article @ the ECONOMICS TABLE inside the...

Singularity of the Dollar

Off the Keyboard of RE Follow us on Twitter @doomstead666...

Kurrency Kollapse: To Print or Not To Print?

Off the microphone of RE Follow us on Twitter @doomstead666...

SWISSIE CAPITULATION!

Off the microphone of RE Follow us on Twitter @doomstead666...

Of Heat Sinks & Debt Sinks: A Thermodynamic View of Money

Off the keyboard of RE Follow us on Twitter @doomstead666...

Merry Doomy Christmas

Off the keyboard of RE Follow us on Twitter @doomstead666...

Peak Customers: The Final Liquidation Sale

Off the keyboard of RE Follow us on Twitter @doomstead666...

Collapse Fiction
Useful Links
Technical Journals

The South Atlantic Ocean is currently undergoing significant alterations due to climate change. This [...]

This paper assessed the variability and projected trends of solar irradiance and temperature in the [...]

Following the impact of droughts witnessed during the last decade there is an urgent need to develop [...]

A “nadir-only” framework of the radiometric intercomparison of multispectral sensors usi [...]

A fuzzy random conditional value-at-risk-based linear programming (FCVLP) model was proposed in this [...]

Follow on our http://www.doomsteaddiner.net/forum/