By Mac10: Debt Is the Economy and You Can’t Spend the Future Twice

Mac10 made a comment that is profound:

“Debt IS the economy and you can’t spend the future twice.”

The ongoing infotainment around Fed rate hikes is all well and good; however it all ignores the fact that only further debt accumulation – by households or governments – will keep the “economy” afloat, albeit temporarily. At PEAK LEVERAGE, any attempt to reduce debt will collapse what is left of the illusion-formerly-known-as-the-economy.

Ponzinomics: Only One Lie To Live

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Favorite Quotes

For explaining why humans are odd
To Varki and Brower we applaud
A great mystery they solved
With denial we evolved
And created the Higgs, overshoot, and God

Denial not only makes us believe in god, it is god, because denial created us, and denial may destroy us.

The human brain, the God it believes in, and the overshoot it enabled and denies, all resulted from the same improbable genetic adaptation that occurred about 100,000 years ago.

Varki’s MORT theory explains much of the strange water we swim in every day, and also explains why most can’t see the water.

Denial is the reality that must be most aggressively denied to avoid collapsing the house of cards that keeps us functioning.

The most amazing thing about human overshoot is that we do not discuss it.

You know you are in trouble when reduced CO2 emissions from an economic collapse caused by low-cost oil depletion is not sufficient to prevent civilization collapse from climate change caused by previously emitted CO2.

Our only choices are do we want to fall from a higher elevation later, or climb down from a lower elevation sooner?

What we should do but won’t do will happen anyway, unfortunately too late.

Things that can’t continue usually stop too late.

Truth is like poetry and most people hate poetry.

All 8 billion of us owe our existence to a six-inch layer of topsoil and the fact it rains; 6 billion of us also owe our existence to nitrogen fertilizer created from natural gas by Haber-Bosch factories.

Each time history repeats itself, the price goes up.

Thermodynamics, expressed through genetics, creates beings incapable of not maximizing energy consumption.

Denial is evolution’s solution for permitting intelligence to coexist with our (Maximum Power Principle) subconscious decision makers.

While it digs its own grave, all the mind can do is entertain fantasies and create excuses.

When the only paying job in town is sawing off the branch which you are sitting on, you….saw away! You might refuse to saw and hang yourself from that branch, but the end is the same anyway, and that option is much less fun. (Cynic @Megacancer)

Never underestimate the human capacity for denial. (Gail Zawacki)

It is remarkable that a brain emerged from a cloud of hydrogen and figured out the laws of physics that governed, and possibly made inevitable, its own creation and destruction.

We have met the oblivious and they are us.

All 8 billion of us originated from one small tribe in Africa about 100,000 years ago that gave birth to a child with an improbable mutation for a more powerful brain that denied reality. The other tribes were soon toast and we took over the planet. We’re all close cousins. I love you all. Except the deniers.

Meaning comes from understanding why we can understand there is no meaning.

Way too many smart people with big reputations are wrong about everything that matters. Something’s gonna happen that gives them an excuse not to have to admit they were in denial.

One of the most, if not the most, precious and rare things in the universe is the human brain. We have a cosmic obligation to use it and to confirm it works.

Building a competition for maximum power on top of a finite energy source equals exponential build-out and collapse. (James @ MegaCancer.com)

The fact that most believe in sustainable growth is proof that most are in denial.

Fire to cooking to intelligence to denial to god to plotting to capital punishment to self-domestication to Apollo 11 to 7 billion too many.

Nothing makes sense without the light of evolution and thermodynamics, and for one unique species that’s intelligent enough to understand both but chooses not to, you need to add denial to the list.

Lots of elephants in the room, but no adults.

A problem with a solution that does not require me to sacrifice anything does not require denial, unless the solution won’t work, like renewable energy.

And you, be you fruitful, and multiply; bring forth abundantly in the earth, and multiply therein. And you, so not to be distracted from my command, deny reality.

The masses have never thirsted after truth. Whoever can supply them with illusions is easily their master; whoever attempts to destroy their illusions is always their victim. — Gustave Le Bon

Labor without energy is a corpse. Capital without energy is a sculpture. – Steve Keen

Debt is a promise to produce more wealth in the future than we do today, so that we can consume more wealth today than we could without debt.

One way or the other, population will fall. One way is civil, the other is not.

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