"The Unraveling"
by John Wilder
"The unraveling continues. In one sense, what’s happening is predictable. Looking back in history, while not everything happens in the same way, things very much rhyme. That’s why certain aspects of the current financial collapse are very, very familiar.
The Fed® still has enough influence that it can stop a snowball. Can the Fed® stop an avalanche? Not so much. They may have some tricks to push the day of reckoning down the line if it isn’t off the rails. Again, like a presidential election, it’s a short-term solution to a long-term problem. If it were merely financial a financial problem, the actions might be enough. But it’s not just financial.
Other problems include extreme societal decadence. Decadence is a strong word. When I was a kid, it was applied to places like the late Roman Empire, or Willy Wonka’s® Chocolate Factory where those Umpa-Loompas wore those scanty tight outfits.
But when people take kids – elementary-age kids – to Pride®© parades that contain actual nudity and sex acts between adults, and then suggest putting hormones into five-year-olds because they pretended to cook in a pretend kitchen one day, you know that this is the point where God told Noah, “Get the boat,” and told Lot, “Tell everyone to wear sunglasses – I don’t care if it’s night.”
Whatever fetish sex act that any individual wants to do “because it’s Thursday” now seems to take the place of virtue. Replacing the idea of actual virtues with temporary individual passions is exactly what every single functioning society in history has avoided to in order to remain functioning. When people follow passions that are productive, like building rockets, they add to society. When people act on passions counter to virtue? Those passions consume and destroy society. Period.
We don’t live in a world where “if it feels good, do it” can ever be a policy that lead to a productive society. At some point, we must be guided by virtue, we have to have a shared vision for a future, and a shared desire to build. Can you imagine a single event that would bring us all together again? I can’t. We have to have that shared vision – if nothing else, to survive. Do we have it?
We do not. We are divided. The idea of a selfless devotion to duty seems to have (in many places) evaporated. Cops are supposed to put themselves into danger to save the innocent – that’s the only reason we put up with the rest of the nonsense that they get up to. If they have changed their motto from “Protect and Serve” to “Hide Until We Can and Give Traffic Tickets to People That Don’t Scare Us” then they’re not much use.
Globalism is likewise something that sounds good, but isn’t. I can understand the need for some places like, say, deserts to import grain and Alaska to import medicine and export oil and good vibes. But can someone tell me that we’re in a better and safer position as a country now that we depend on far-flung nations for things. When I talked to The Boy about careers, the advice I gave him was simple – don’t do anything that someone can do over the Internet. If you do, you’re competing with a job with millions or billions of people.
We have reached the stage of cultural collapse. I’m in favor of capitalism – but amoral capitalism is different. When capitalism is allowed to meet any need, the result isn’t good. Like any system, it needs boundaries. As John Adams said, “Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.”
Freedom needs boundaries. Freedom needs responsibility. Liberty, real liberty, requires obligation for stability. Otherwise? It descends into chaos. So, we’ve established that we’re in a difficult place. The things that we depended upon are slowly slipping away. The economy is in a very precarious place, culturally we’re shattered to the point that not even another 9-11 would bring us together. The difficulties that we see from here on out won’t serve to bring us together, they will bring us apart. How about the economic difficulties related to just high fuel prices alone?
The Lefties love it, even as it destroys our economy. Heck destruction of the economy might even be the point. But stresses have consequences. If I drop an orange, it will fall. If we destroy an economy, it will fail. Some parts of it will be predictable: interest rates going up will make housing prices go down. Simple. We can talk about other correlations on Wednesday (feel free to bring up more below).
The one thing that I can tell you, is what comes next won’t be like what came before. The problems that we have rhyme with the problems of the past, but they’re not the same. During the Great Depression, we were at least (mostly) homogeneous as a country. Now, not so much.
The end state is tied to the initial conditions. And the initial conditions of the Great Depression were greatly different than they are today, so there’s no way that we’ll see the same results. And things will never go back to “normal” because we simply cannot go back in time, and there isn’t any such thing as “normal” nor any time period which is “normal”. They will be different. What we have, though, is the rhyme. It won’t allow us to predict perfectly. But it will allow us to see, dimly."
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