Mike Folkerth - King of Simple

Western Colorado’s own Humorist / Economist

Reality, Economics and Thermodynamics:

Good Morning Middle America, your King of Simple News is on the air.

It’s early Friday morning, it’s still dark outside, it’s late October, and in keeping with the Halloween theme, I’m going to continue to scare you to action.

It appears that world markets will continue to tumble as overnight futures are at maximum allowed lows. I won’t tell any additional unemployment or layoff stories this morning; we need to get past the symptoms and on to the root cause.

Exponential growth in a finite world is a mathematical impossibility.

That simple statement pretty much covers the entire reason that the global economy is melting down. It was never “if” we would reach a physical impenetrable barrier, it was always “when.”

When I wrote “The Biggest Lie Ever Believed,” I pointed out that genius had nothing to do with my blunt future predictions (which have now come to fruition), but in fact, 8th grade math and science had everything to do with the inevitable outcome.

You plainly can’t get five quarts out of a gallon container…unless you are an economist. Kenneth Boulding pointed out that anyone who believes that we can continue using finite resources forever without eventually running out, “is either a madman ─ or an economist.”

I believe that our economy has matured and that geometric growth is no longer an option. Oh sure, we’ll try to push water upstream, after all, the entire premise of our economic underpinnings are based on continual uninterrupted growth. But in the end, the second law of thermodynamics will have something to say about our fruitless efforts.

Ah yes, universal physical law; uninformed mans greatest nemesis. Sure we can make water flow uphill, generate electricity by burning coal, push a boulder back to the top of the mountain, but only by applying an equal or greater amount of energy than we produce. Daggone those physics anyway.

My vision of our economy peaking is very much like oil peaked; the new finds cannot outpace the diminishing production of existing recoverable resources. As entire segments of our economy fail, new sources will fail to create the necessary growth.

Our economy was designed around the impossible hypothesis of never ending growth. That is how we were going to finance our flamboyant lifestyles. That is what would pay for Medicare and Social Security fifty years from now. That is how Starbucks was going to continue to sell $5.00 per cup coffee. That is how we were going to pay for the brilliance of Wall Street and to support the millions upon millions required for their gambling habits.

A couple of days ago, Alan Greenspan, the world’s smartest financial mind said he was “shocked” when the system “broke down.” ” I still do not understand exactly how it happened,” he said.

Let’s question that last statement, Alan Greenspan had no idea that all of this was going to happen, and some dumb Indiana farm boy with a moniker like “The King of Simple,” not only did, but wrote it down two years in advance? That dog won’t hunt.

If you are a Middle Class American, our government has promised us the fifth quart of every gallon produced in the United States; as long as you pay taxes on it.

What happens to a nation and an economy when the very cornerstone of their future existence proves to be “The Biggest Lie Ever Believed?”

We will descend to the level of physical sustainability for our environment; a much higher level than mortal man’s mind will see to that.

So is there a way to lessen the blow? Of course, look reality right in the eye and don’t blink while we bring the $700 Billion trade imbalance back to America. Our leaders made a deal with the devil when they handed our livelihoods, our technology and our finances over to foreign interests and particularly to the communist Chinese.

Election Day is not far off. Unless an incumbent (at any level of government) has a staunch record for real reform, such as Ron Paul, vote them out. This is your final boarding call.

 
Comments
1.
On October 24th, 2008 at 8:43 am, George45-70 said:

Could today be a day such as September 11th 2001, or December 7th 1941, or October 24th 1929.
Spooky as today is also October 24th! Will people be asking ‘Where Were You on that dreadful day.
Well here’s my answer ‘Out Hunting’ I figure at this point I may as well help my friends and neighbors fill their freezers with elk and deer meat.
I’m very close to the point that I can embrace the ways of ‘an old cattle rancher who ranched on the rugged Uncompahgre Plateau near my immediate area here in Western Colorado. His name was Oscar Huffington’ It’s a bit ironic that I’ll be hunting for the next 3 days on the same rugged Uncompahgre Plateau. I’ll check back with the ‘So Called Real World’ Sunday night. I’m hopeful that those close to me friends, neighbors, and family will all be dining on elk, venison, game birds, and local produce during this deep recession/depression. It will sure beat the alternative of dry bread and watered down soup.

2.
On October 24th, 2008 at 10:28 am, whenry912 said:

I am voting every 3rd party I can, I don’t care if they are communist, Libertarian or National Socialist, I refuse to vote for any more Republicrats.

We the people have been sold out. We have gone the way of that last big republic, that one in Italy that left all the cool ruins…

3.
On October 24th, 2008 at 10:38 am, Mike Folkerth said:

Whenry,

A vote for your dog would be preferable to the majority who are running on the republicrat tickets.

At the very least it will serve as a protest vote indicating that you have no intention of supporting the major parties…ever!

Mentions on other sites...
  1. Survivalist News » Mike Folkerth - King of Simple: Reality, Economics and Thermodynamics on October 24th, 2008 at 9:33 am
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