I just went camping up near Yosemite and nearly froze my [bottom] off there, spending three whole days huddled under multiple sleeping bags and madly wishing that I was back home.
“This has been the worst winter that I can ever remember,” said one old-timer we met up near Groveland. “Snowdrifts piled up higher than the barn and then we got an additional 55 inches of rain after that.” And it’s still raining here. And it’s wet. And it’s cold. “Climate change?” Ya think!
Climate change is turning out to be the biggest issue of my lifetime — even bigger than World War II. And it’s the biggest issue of your lifetime too, like it or not.
If every single car, truck, airplane and military vehicle in the world that uses gas, coal or electricity for fuel were to stop running completely and forever by midnight tonight, then perhaps we might stand a chance of, er, “weathering” out climate change.
But you and I both know that abandoning the world’s love affair with carbon emissions just ain’t gonna happen.
When Chris Hedges recently interviewed environmental expert Bill McKibben, McKibben stated that, “…the scale of change we are now talking about is so great that no one can adapt to it. Temperatures have gone up one degree so far and that has been enough to melt the Arctic. If we let it go up three or four degrees, the rule of thumb the agronomists go by is every degree Celsius of temperature rise represents about a 10 percent reduction in grain yields. If we let it go up three or four degrees we are really not talking about a planet that can support a civilization anything like the one we’ve got.” http://www.truthdig.com/report/item/the_sky_really_is_falling_20110530/
But let’s forget about climate change for the moment and move on to another dreary subject — the Federal Reserve Bank. While I wasn’t busy huddled miserably inside of my soggy blankets next to the raging Toulumne River last weekend, I was out searching for gold. This area around Highway 120 is a part of California’s fabulous Mother Lode — which produced 50 million dollars worth of quality ore just between 1848 and 1852, during the space of only four short years.
If I too could find just a few big chunks of gold up here, then I would never have to rely on those rascally thieves at the Federal Reserve Bank and their phony printed money ever again.
Did you know that the State of Utah just passed a law designating gold as being legal tender as well as an investment asset? This means that if you spend your gold coins in Utah, you won’t get hit with any state capital gains tax.
According to International Business Times, “[Utah's] Legal Tender Act of 2011 allows U.S. minted gold and silver coins to be recognized as legal tender in the value that reflects the market price for gold and silver.” http://hken.ibtimes.com/articles/154459/20110531/utah-gold-legal-tender-gold-standard.htm. So by encouraging the use of gold and silver as well as paper money, Utah is trying to make sure that when the Federal Reserve’s money-bubble inevitably bursts, at least one state will be relatively safe from the fall-out. And if I can only lay my hands on a few shiny nuggets up here on the Tuolumne River, then I will be too!
So. What is the moral here? “If folks stopped driving cars, causing no climate change nightmares to happen, and I had no dependence on the Federal Reserve, then my whole future would be safe and secure”? Sure, why not. But then my whole future is already all safe and secure anyway — no matter what happens to our economy or to our planet.
“Why is that, Jane?” you might ask.
“Because sooner or later, we’re all gonna die. And Death is the great leveler. After you’re dead, then nothing else matters. Can’t get much more safer and secure than that!”
“But, Jane,” you might reply, “aren’t you being really rather pessimistic today?” Yeah. But since stopping climate change is apparently not an option and our so-called leaders are happily continuing to rape the economic future of our children, do I really have any other reliable choice?
PS: After I’m dead, I plan to spend my winters in Puerto Vallarta on the beach getting warm again, and spend the rest of the year eating hot caramel sundaes at Fentons and gourmet dinners at Chez Panisse — because when you’re dead, you can’t contract diabetes or put on any weight. And I also plan to haunt the halls or Congress and Wall Street, crying, “Shame! Shame on all of you! You coulda done something to save the planet and you didn’t.”
PPS: As long as I’m being completely pessimistic, here’s another amazingly sad fact that I just learned from a local health department official. Did you know that if Americans continue to eat in the future in the same manner that they are eating now, children born after the year 2000 will become the very first generation EVER to die off before their parents do. Yes, you read that right. Chances are really good that your kids are gonna be buried in their graves before you are.
And it will be us at the cemetery, mournfully placing flowers on our dead children’s graves — instead of the other way around.
The average American eats a half pound of sugar and/or high-fructose corn syrup per day — and that statistic even includes averaging in all of us health-conscious types who honestly try to resist the sugar temptation. A half-pound of sugar a day per person? Yikes! This means that one in three children born since 2000 will succumb to diabetes. And it also means that, as gross obesity becomes more and more common, a whole big segment of the next generation will be falling prey to heart disease, stroke, liver and kidney failure, whatever — and dying like flies.
That is, if climate change and the Federal Reserve Bank doesn’t do them in first.
PPPS: Here’s some good news for a change: After having been closed for remodeling since February, Ashby Nails is open again! According to traditional Chinese medicine, every season has a color that goes with it, so now my toenails are all sparkly and GREEN. I am so totally chic now, you’d better believe it. Thanks again, Kim. http://www.yelp.com/biz/ashby-nails-berkeley
Paul Krugman: Betting the Bank
Paul Krugman, The New York Times, March 14, 2008
Four years ago, an academic economist named Ben Bernanke co-authored a technical paper that could have been titled “Things the Federal Reserve Might Try if It’s Desperate” — although that may not have been obvious from its actual title, “Monetary Policy Alternatives at the Zero Bound: An Empirical Investigation.”
Today, the Fed is indeed desperate, and Mr. Bernanke, as its chairman, is putting some of the paper’s suggestions into effect. Unfortunately, however, the Bernanke Fed’s actions — even though they’re unprecedented in their scope — probably won’t be enough to halt the economy’s downward spiral.
And if I’m right about that, there’s another implication: the ugly economics of the financial crisis will soon create some ugly politics, too.
To understand what’s going on, you have to know a bit about how monetary policy usually operates.
The Fed’s economic power rests on the fact that it’s the only institution with the right to add to the “monetary base”: pieces of green paper bearing portraits of dead presidents, plus deposits that private banks hold at the Fed and can convert into green paper at will.
Read More Here