Kunstler Warns "There Is Some Kind Of Revolution Coming To American Life"

Tyler Durden's picture

Authord by James Howard Kunstler via Kunstler.com,

What if the fun and games of 2017 are over?

The hidden message behind the sexual harassment freak show of recent weeks is that nothing else is sufficiently serious to occupy the nation’s attention. We’re living in the Year of Suspended Reality, stuck in the sideshow and missing the three-ring circus next door in the big tent.

It probably all comes down to money. Money represents the mojo to keep on keeping on, and there is probably nothing more unreal in American life these days than the way we measure our money - literally, what it’s worth, and what everything related to it is worth.

So there is nothing more unreal in our national life than the idea that it’s possible to keep on keeping on as we do.

The weeks ahead may be most illuminating on this score. The debt ceiling suspension runs out on December 8, around the same time that the tax reform question will resolve one way or another. The debt ceiling means that the treasury can’t issue any more bonds, bills, or notes. That is, it can’t borrow any more money to pretend the government can keep running. Normally these days (and it’s really very abnormal), the treasury pawns off paper IOUs to the Federal Reserve and the Fed makes digital entries on various account ledgers that purport to be “money.” And, by the way, the Fed is a consortium of private banks not a department of government — which is surely one of a thousand ways that the public is confused and deceived about what condition our condition is in, as the old song goes.

There’s a fair chance that congress may not be able to resolve the debt ceiling deadline. The votes may just not be there. If the deadline comes and goes, the treasury can only use incoming tax revenues to cover its costs, and it won’t be enough. It will have to choose whether it issues paychecks to the roughly 2.7 million US government employees, or pays the vendors that sell things like warplanes to the military, or pay out so-called entitlements like Medicare and SNAP cards, or pay the interest on the previously-issued bonds, debts, and bills that the US has racked up over the years. Believe it or not, making those interest payments is probably the top priority, because failing to do that would shove the nation officially into default for the first time and destroy the country’s credit standing. The full faith and credit in the US dollar would shatter.

And then the fun and games would really cease. The country would discover it doesn’t have its mojo working, as another old song goes. The reality of being truly broke will set in. After all, there are two basic ways of going broke as a nation: you can run out of money; or you can have plenty of money that is worthless. Take your pick.

There is some kind of revolution coming to American life. One way or another, it amounts to a much lower standard of living. The journey there may take the public by surprise, a la Ernest Hemingway’s crack about how a character in one of his stories went broke: slowly, and then all at once. The main question about this journey must be whether it is accompanied by political violence. One would have to think the potential for that is pretty high, given levels of animosity and delusional thinking among the two opposing factions - can we even call them Left and Right anymore? - which may even exceed the ill-feeling of 1861.

The tax reform bill, whether it lives or dies, may only become a laughable footnote to the greater quandary of national insolvency. And, anyway, the proposals so far amount to a hall of mirrors inside a three-card-monte house of horrors that almost nobody really understands. As yet another old song says, this ain’t no Mud Club… this ain’t no foolin’ around. Meanwhile, down in the rococo dining room of Mar a Lago, the Golden Golem of Greatness tweeted yesterday that he was presiding over the greatest stock market everKind of reminds me of the moment that old Joe Kennedy got a stock tip from his shoeshine boy.

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AntiMatter's picture

"Walk in righteousness, my sons. 
And it shall guide you on good paths, 
And righteousness shall be your companion."

source: Book of Enoch chapter 91-4

junction's picture

Revelation 6:8, “I looked, and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him. They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth.”

yomutti2's picture

Yeah, Kunstler was saying the same thing 10 years ago.

 

He's the same idiot who predicted that American suburbs would be abandoned due to lack of oil. He has no clue how adaptive and resilent the system is.

 

 

Theta_Burn's picture

That 10 trillion blown by the Obamy regime may have bought us a few yrs..

Escrava Isaura's picture

Kunstler Warns "There Is Some Kind Of Revolution Coming To American Life"

Hey, what happen to MAGA?

 

Then, Theta_Burn: That 10 trillion blown by the Obamy regime may have bought us a few yrs..

Trump cut ‘possible whole thing’ deficit.

President Trump, Oct. 12, 2017: As you know, the last eight years, they (Obama) borrowed more than it did in the whole history of our country. So, they borrowed more than $10 trillion dollars…… And yet, we picked up $5.2 trillion just in the stock market. Possibly picked up the whole thing in terms of the first nine months in terms of value. So, you can say in one sense we're really increasing values; and maybe in a sense we're reducing debt."

 

Third, we don’t have Hitlery as the President.

So, why would we have a revolution? It makes no sense.

 

 

overbet's picture

Printing to inflate stocks to make the rich richer. System is beyond repair. MAMRA Make American Money Real Again

El Vaquero's picture

There’s a fair chance that congress may not be able to resolve the debt ceiling deadline. The votes may just not be there.

Jimmy boy, you're smarter than this.  Too many congresscritters have campaign financiers from the FIRE industry, which will absolutely implode, if new currency isn't being created via lending.  They may not resolve the debt ceiling issue buy December 8th, but they will resolve it before it becomes an issue.  They'll kick the can until the can does not exist.  This fraud does not end until there is a major systemic shock that Lehman Bros. could have been, but wasn't because of TARP, QE1, QE2, Operation TWIST, and QE3

Escrava Isaura's picture

El Vaquero: will absolutely implode, if new currency isn't being created via lending.

Exactly. That is how capitalism works in the real world. This is how you create jobs. How you create wealth. The problem is not the debt but, the interest rate.

Once you put a value on money, interest rate, it will implode.  

Money needs to be debt free because it has no value.

And trade needs to be barter.

It’s too late now.

 

El Vaquero's picture

That is how capitalism works in the real world.

That's not capitalism.  It's called fractional reserve banking, and it can exist under fascist, socialist and capitalist regimes.  

QueeroHedge's picture

Kuntsler the (((broken record)))

peddling-fiction's picture
"There Is Some Kind Of Revolution Coming To American Life"

Yep, his tribe that owns the media is pushing to break the soul of the US and instigate CW2.

Zoltanne's picture

"There is some kind of revolution coming to American life."

Yeah, and it's called the collapse of the Democrap Party and the morally berift lib'rals.

This latest sex-explosion is going to tear the lib'rals into shreds and there will be some from The Swamp who are destroyed, too. Just wait til they start to expose all the pedos.

No need to ask Bannon what his end-game is, but Cunt'sler needs another lesson in political reality.

MonetaryApostate's picture

It's neo-fuedalism, where everyone without a bank, med to lrg corp, or a printing press is a serf, or Crony Capitalism brought to us by the fake money printers et al.

https://plus.google.com/+GaleInnes/posts/CdLuBK4GcMy

 

Btw, Britain has the #1 currency & it was first to go Fiat before it Allowed America to, but fiat MUST be back by production of goods, preferrably non-consumable, & of course labor that produces anything of real value, but the wealthy steal everything via hyper QE / money printing & fractional reserve lending, eg money out of thin air...

Future Jim's picture

Isn't a central bank one of the ten planks of the Communist Manifesto?

Escrava Isaura's picture

That’s the problem with right wing propaganda, it’s even more fake/distorted than the left propaganda.

Central Banks came 239 years before the Manifest of the Communist Party was written.

Second, the private sector created 97% of the money in the US. The government created 3%.

Central banks are in place to cover the losses of the private sector.

Third, US government debt: $20 trillion dollars. US Private Debt: $43 trillion dollars.

The biggest problem is the private, not because it’s more than twice of the government debt but, because it comes with a higher interest rate than the government.

CORE problem of Capitalism: The dollar is a private money, and it’s issued with interest

CORE problem of Communism: Communism is super-capitalism.

The solution: Window Guidance and not MAGA. MAGA, in fact, will be a disaster for 80% of Americans.

But Americans were made too stupid by the propagandists; and/or they’re too distracted or too angry to connect these dots.

Not sure of your case.

 

 

shining one's picture
Checklist: America meets 90% of Karl Marx's demands

 

http://www.wnd.com/2011/07/319117/

TheReplacement's picture

If capitalism requires the rule of law to enforce free markets then capitalism cannot exist with fraudulent fractional reserve banking that is forced upon the people on the behalf of a private bank.

They just do not go together.  We have a fractional reserve system, not capitalism.

LightBeamCowboy's picture

"That is how capitalism works in the real world. This is how you create jobs. How you create wealth. The problem is not the debt but, the interest rate."

No, Escrava Isuara, that's how fraudsters magically bring future consumption into the present. But eventually the future arrives and everything has already been consumed, leaving lots of entitled people very angry.

You might enjoy the book _Debt: The First 5000 Years_. The author is an anthropologist, not an economist, and he starts out saying that pre-money barter systems Economics 101 textbooks invariably begin with in Chapter One never existed. Societies need to trade, and they always invent money systems to facilitate trade.

Escrava Isaura's picture

You can trade goods and services through currency within a nation, but not between nations.

Would you take Burmese money for you oil? Your food?

No.

All trades are barter, because what was acquired from the labor within that nation has value.

If a nation has nothing to offer in return, that nation produces no value.

Money and Bitcoin are not wealth, because they have no value.

I know. We were indoctrinated believing that money is the value.

 

MozartIII's picture

They have curency exchanges for a reason. I would takle Burmese money for oil or food at the right rate of exchange. Barter does not work beyond a local or interpersonal situation. God are you stupid with your marxist crap.

Escrava Isaura's picture

Oh boy, you sure you are not a ‘real’ conservative. And did not put much though in what you just wrote.

Exchanges are a consolidation of money. Exchanges cannot operate without Central Banks.

Both are to down structures. Opposite of Marx views.

So, who is the stupid now?

 

Billy the Poet's picture

And capitalism gave me ring around the collar too.

WorkingFool's picture

“The main question about this journey must be whether it is accompanied by political violence. One would have to think the potential for that is pretty high, given levels of animosity and delusional thinking among the two opposing factions - can we even call them Left and Right anymore? - which may even exceed the ill-feeling of 1861.”

As the currency cracks the inner city monkeys and imported third world shit with become increasingly violent. This will be the pretext for the collectivists / Bolshevikes / DemoRATs who control the government to seize control. The only question is are there enough Americans, those with a moral center who respect the rights of the individual to resist becoming livestock.

Fuck the collective. Fuck the DemocRATs. And fuck anyone who thinks they can decide how much of my life I owe them.

Endgame Napoleon's picture

What about too many people with unearned income from government, chasing part-time jobs and driving down wages for those with earned-only income? Social Security is a contract and a full-faith-and-credit thing, but SS recipients do not need to join the other groups, like single moms and immigrants with government checks covering rent and groceries and, in their case, a $6,318 child tax credit, willing to work low-wage jobs due their government-paid bills. This drives wages down to nothing, makes hard work unrewarding and contributes to the Treasury shortfall. How about not issuing the $4.2 billion in child tax credits to just the illegal aliens, much less all of the citizen moms. A few less beach trips with boyfriends and a few less tattoos for working moms — I mean working families — is better than a default.

Son of Loki's picture

@ Theta

 

Dona Brazille said Bama also bankrupted the DNC.

He "fundamentally changed America."

Gead's picture

EI, if I may strive to answer you. 1.) MAGA. It is like when your fat-ass wife asks if some Wal-Mart outfit makes her butt look big. Something that is already great doesn't need to worry about becoming so or not. No more than the old lady's inquiry is based upon some '10' level of hottiness already. She makes cottage cheese sigh with lust. 2.) Obama was a socialist/communist/progressive POS who just continued spending money created out of thin air. "We" didn't pick a damned thing up in the stock market my friend. The top 1% of the top 1% maybe did; but, real people who do the work, the bleeding...... not a cent. And that figure - $10,000,000,000,000.00 - is an astronomical amount of .... nothing. And it does not take in a bit the unfunded liabilities, interest on the debt or any other factor. Besides, the estimated total national actual debt is estimated to be somewhere north of $210,000,000,000,000.00. 3.) as for the Most Corrupt Assholiness Madam Clinton not being POTUS... show me please the reality of how life could get much worse? Granted, I'd vote for week-old/worn boxer shorts - anyone and anything (camel dung, the Ebola Virus, some dead peasant from the Roman Empire days... you pick your own personal choice) instead of her. And I did. I admit, I voted for the great Orange One. Not that he was any better; just, he was seemingly more blatant about being a rich jerk than most rich jerks are. That small level of honesty was enough. 4.) and though you didn't number the last question - the article asked, " The main question about this journey must be whether it is accompanied by political violence.". I'd ask in return 'political'. Hell's Bells....... I'd dare say that what's coming may certainly have some politcal components; but, those will not be the motivators. Far more likely is racial, economic, conservative versus snowflake liberal real blood in the streets killing. And as for that violence.... remember simply the death toll of the Civil War. Add up all the other deaths due to wars since our Republic began that we were a part of. You'll find that in total the numbers of our dead are about equal to those lost in that one internecine struggle. It proves one salient point - nobody, no nation, no foreign power has or can kill Americans like we can.

buyingsterling's picture

I can think of dozens of ways in which Screech Clinton would have made life worse for productive citizens. Of all the shit that spewed forth from Obama's rancid hole, perhaps 'You didn't build that' was the worst. It made clear that that government doesn't value or repect the productive, that their lifetimes of effort amounted to nothing in the eyes of President Pimp and those who worship his bony ass.

The change to 'You built that and you can build more' is a radical sea-change, and reason enough to celebate Trump's ascension to power. I can think of dozens of ways he can (and has and will) make life better for the productive.

Giant Meteor's picture

Look around. It is tough for the frog to feel itself being boiled, as the pot is heated slowly, over time.  But boil it will.

Plenty of signs, easily seen, for those who look, see and feel with all of their senses. Bubble bubble, boil and trouble.

Sure, many have mis - estimated the extreme nature and level of the fraud, criminality, and  the ability of the money changers to keep the balls perpetually floating in the air, and for as long as they have been able to do so. That does not change the fact. The fact is, the underlaying foundation principle of it all, is based upon a monumental fraud, a long con, systemic , hopeless rot backfilled with lies , lies shoveled by cooperative bright sided syncopants, lest the con be revealed in earnest.. Not one honest man or woman left in all the kingdom, it would seem .. but in the end, as always, reality, will have the final say.

Wild tree's picture

True that GM. I can vividly recall telling my sons on Thanksgiving 2008, that it would be the last "normal" Thanksgiving that we would have.

Nine years later, egg all over my face. I no longer say when; I emphasize that ponzi schemes, which include the debt bubble that we have been blowing, will fail. The musical chairs will stop, the truck engines will stop, life as we know it, will stop. When the credit fails......

ElTerco's picture

No, you were right. That was the last Thanksgiving before we crossed over into Bizarro World.

rockstone's picture

Dude.......So what? After all that has happened the last 10 years do you really believe that any scenario (Other than we walk away unscathed.) is impossible?

LightBeamCowboy's picture

yomutti2, it's all how you look at time, which has a lot to do with how much history you know. During an historical turning things seem to happen very slowly or not be happening at all. When it's in the rearview mirror, our perception of the time the event took begins to shrink, and the further away we get the smaller it is. Hence today we think of the collapse of the Roman Empire as a singular point in time, when it took 300 years to play out. The first commercial oil well was drilled in 1859; ten years is nothing in this extended drama. History happens in slow motion.

wcole225's picture

God has no respect for the resilience of your system. Don't blink

38BWD22's picture

 

 

Prudence and kindness is blessed in the Bible.  Lack of those, wicked things this way come...

*   *   *

But, in our (USA) case, it would be a fabulous experiment to allow a cessation of gov spending for EVERYTHING but interest, at least for a while, and let the chips fall where they may. 

It would likley be the most memorable event of our lifetimes.

jeff montanye's picture

oh i don't know, maybe ought to pay the salaries of the federal employees with guns, then the interest.

or maybe . . . .

privateparts501's picture

Lions and tigers and bears, oh my!

mkkby's picture

Bullshit article.

Today's doom porn is -- drum roll please -- the debt ceiling. That nothing burger that's been kicked down the road for decades. Yawn.

Those t-bonds are owed to china, japan and rich people. Stupid chinks work hard for paper that will one day be worthless. We should borrow more and more, taking our free shit and keeping our taxes down.

One day they might wise up and demand something hard like PMs. But until then, let them eat paper.

zorba THE GREEK's picture

He leadeth me in the paths of righteousness for his name's sake...Psalm 23

zorba THE GREEK's picture

We are now entering The Valley of The Shadow of Death....So grab your rod and your staff, and make sure they are both loaded.....especially if they stop payment on the SNAP cards

38BWD22's picture

 

 

[...]

Surely goodness and mercy shall follow me all the days of my life

And I will dwell in the house of the Lord forever.

(Psalm 23)

*   *   *

What better promises exist anywhere?

zorba THE GREEK's picture

No better promise exist but it requires righteousness to be fulfilled.

rosiescenario's picture

"What better promises exist anywhere?"

The Dem party has made a great many better ones, but they seem to be lacking on the delivery side of things.....

jeff montanye's picture

and g.w. bush promised a humble foreign policy.

shovelhead's picture

Better than Craftsman's lifetime guarantee on handtools?

38BWD22's picture

 

 

Mmm.  Some questions around here really are hard to answer.  Wow, yours is a toughie.  

:)

My Days Are Getting Fewer's picture

Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.

Ashau Valley  

We recited the Psalm 23 to ourselves daily, sometimes hourly.

Some things transcend metal, gun powder and napalm.

Try being afraid for just 5 minutes.  How about 1 year 24/7.

And we pulled together with our 101st brothers and thought of the flag.

1968-69

38BWD22's picture

 

 

"...for thou art with me;"

My favorite line from the Bible.  Yet, there are so many great passages to choose from.

zorba THE GREEK's picture

My days....few people under 65 can begin to fathom that kind of fear. How a person deals with that level of fear will define them for the rest of their lives.