Charles Eisenstein - Sacred Economics

Charles Eisenstein knows an awful lot more about how the world ticks than just this talk on our disintegrating economic model. Probably the most interesting and compelling talker and thinker since I stumbled across Raj Patel on food and economics.


UPDATE: Charles Eisenstein has completely reversed from some of the positions he talked about on controlled and manipulated society. In the above video series. Only he knows why.

Why I Want Quantitative Easing 3 (QE3)

I belong to a small group of informal tinkerers, thinkers, speculators, information terrorists and oddball lunar(tics) who suspect that Barack Obama is the most interesting occupant of the Whitehouse ever. I accept he's not delivered on key promises but this is a war we are in, and earlier promises are casualties of timing not commitment.

It wouldn't be helpful at this point in time to be more explicit but there are bits and pieces of mainstream academic theory and commentary that currently provide circumstantial evidence for the theory that dare not speak its name.

That's weird, I just realised we never ever say what it is we suspect. Just point at stuff that makes sense. It sounds very cliquey and I suppose it is.

Anyway, I read about the social theorists that Barack Obama based his masters dissertation on, and realised it was the most awesomest bad ass idea I've come across in over forty years of thinking about better ways for our planet and species. The idea behind the paper is nothing short of how to torpedo the good ship capitalism before it sails off with every last mineral, flora and fauna that is our obligation as a species to use frugally and share without profit for the collective good. I am good-to-go with QE whatever it takes till the parasite of capitalism finally keels over and sinks.

Is There A Debt Jubilee Round The Corner?

Fascinating interview with real life forces of monetary good and vampire bankster evil at war with each other. Death of Capitalism isn't impossible. It's been an appalling experiment in terms of its cost.

How Strange. The IMF Rapes African Countries and......

I know you're busy. I know the system forces you to compete with humans instead of collaborate. I know the alternative explanations of reality are so wild that they couldn't possibly be true. Well let me tell you straight. Just because you're a nice human being (albeit a bit lazy finding out important information) doesn't mean the psychopaths in charge of banking, military, commerce and religion are anything like you. As princess Diana used to say. They're not human. The stupidity of capitalism is that it is so greedy people are starting to ask questions that fly in the face of the manufactured consent it pounds into your mind day in and day out. Deep down you know the profit principle is structurally flawed. If there's a profit in stealing the last gasp of breath out of your lungs the govcorp complex have got a nice commercial to sell you, yes you, you stupid sheep, into buying shares into the system and waving a nation state ritual loving royal flag to cheer the process on. If it wasn't so insane it would be hilarious and I assure you there are groups of men who sit around screens and have a good laugh at that stupidity (See video below)

So do me a favour. Watch Susan George above explain why Africa has a net outflow of dollars per second to the European Banks at a rate that supports our decadent and deeply poisoned lifestyles. You need to wake up and do some research on the system that delivers a barista served starfuck coffee in your hand with a pret a manger tuna hook sandwich.

More Black Swan

Y'all know my appreciation for Taleb's interpretation of the world. There's nothing new here for me but it might be of interest to those who haven't come across him yet.

Via Smashing Telly

The soil will be much richer for the ashes.....

ULTIMATE GREEN SHOPPER

Take a good look around you. The operating system you’re using, the age of your computer, the furnishings, the cell phone you’re using, the clothes you’re wearing, even the watch strapped to your wrist or the cup of “four bucks” frappe/latte/cino number you’ve ordered in the coffee shop. Soak in all the little details of 21st century living and try and hold that image, because quite frankly I don’t think things are ever going to be the same again you see, because the ultimate green shopper is an oxymoron. The ultimate green shopper doesn't shop. That's the sick end of marketing.

We’ll probably never have as much new stuff around us as we are looking at now. It’s easy to become conditioned by new stuff, even easier to be dissatisfied with it all, wanting ever newer and more complex gadgets.

The financial meltdown that I first talked about over here hasn’t even really properly kicked off. As I understand it from the huge amount of reading I’ve been doing, it took four whole years for the depression to reach it’s full depth. I doubt if this one will take so long but let’s assume it’s three times as fast for the sake of arbitrary guessing because that is after all what I’m trying to do. I’m trying to guess what and when. I think I’ll get the times more wrong than the what.

My first attempts at trying to visualise the near future ended up with a sort of feeling that the developed world such as the United States and the E.U. would take more of a hit than the developing world, and that stands to reason doesn’t it? The lower the per capita GDP, the less the potential fall in the standard of living.

The bigger they are the harder they fall so to speak.

But having spent some time looking at the China figures, there’s a whole world of pain there too, that takes on a different dimension because of the sheer scale of the numbers. 20 million migrant workers already back on the farms and changing the demographics probably forever. It really is a hell of a mess whatever way we cut the figures.

The nasty pill to swallow is the potential for the food chain to break down. We’ve already seen an institution like Woolworths hit the floor and yet that’s just a taste of where it’s heading. Woolworths was always like the sick puppy on the edge of the pack that failed to make money in the good times when money was abundant, and thus is first to go as money liquidity tightens. Who is next? National Express coaches? Debenhams? 3 mobile phone network? Which business entity (which brand) has been running on vapours during the good years? Those are the people who are likely to bow out first. But it’s worse than that isn’t it? Because if someone who moves or distributes food about takes a hit from liquidity problems then that’s the end of very specific foodstuffs in our supermarkets. Some are talking about the need for growing local food again; turning gardens into allotments - which is ironic given the sweet spot thing I talked about and how local foods are the least carbon intensive. So who is the weakest supermarket in the UK these days? Is it Safeway? Does Safeway even still exist? It’s been some years since I looked at UK supermarkets but the point is still the same. Who is the weakest in the pack? Local food folks. Read or listen to Rushkoff or Paterson if it’s a smarter mind than mine you seek.

Anyway there is the worst of it, those links are some of the really smart people out there (Rushkoff is my new Daddy!) who are capable of making the meta leap over the information that I would take an age to digest and the suggestion that they conclude upon is the likelihood of a loss of confidence in traditional paper money, and a potential return of local currencies (barter is always good too, barter is very good). They also suggest the end of retail or put another way the end of abundance.

I think that seems a fair suggestion to make.

I always had a few problems with the ‘free’ economy, and that was mainly because it could only be accessed by the wealthy participants. It’s not really FREE is it if only we can access it and a vast amount of people in the world who live on a dollar a day have no access to it at all? That’s not free, that’s called privileged isn’t it? I am, and so are you if you’re reading this. We're privileged and don't you forget it.

I guess the 'free economy' or model is starting to look a bit like irrational exuberance when all is said and done. Nothing is for free isn't it? Not even if those transistors that are infinitely able to make themselves faster or smaller. The point is you can’t eat transistors. Just a thought folks. Try living off Moore’s law if you’re hungry.

So if we’re moving from the age of abundance to an age of scarcity what impact does that have on marketing communications? Well given the paucity of marketing communications on Red Square in Moscow during the 80’s, or on Tiananmen Square in Beijing today (out of courtesy) or across the entire length of North Korea I’d say that in an age of scarcity not abundance the need for marketing communications is drastically reduced. I don’t know how much is left. I do know that whatever is left will be fought for, and highly competitive. It will probably be damm good too. I just don’t know how much of the pie is left after the party is over and all that is left is an almost immeasurable canyon of debt. For that is all there is left it seems. Goldman Sachs and JP Morgan will be OK. They did well out of the last great depression didn’t they?

As far as I can figure out the only ‘rewire our economies’ ideas that those at the Treasury and at the Fed are capable of coming up with work along the lines of consumption will get us out of this mess. Can you believe that? Do you really believe that?

This is gross intellectual fraud isn’t it? Didn’t excess consumption put us in this mess in the first place? I keep going back to a comment I read on Naked Capitalism; that the soil will be much richer for the ashes and yet it seems that the stateside Wall Street and Whitehouse folk are hell bent on denial that we’re even on fire, all the while fueling the flames with more and more borrowed money to put off the impending collapse of the financial system. Yet isn’t that the logical conclusion. Shouldn’t the system collapse before new shoots of growth emerge? The soil will be much richer for the ashes.....remember that.

Probably a lot of you are thinking this is unnecessarily gloomy, yet I’m not unhappy. I’m more optimistic about the future than at any other time in my life, in a perverse kind of way.

I know that all those with businesses and mortgages or negative equity in property or worthless shares or credit card bills up to their eyeballs will be very reluctant to read a post of this nature, and truthfully I’m no seer or a prophet. But what I am able to do that most it seems are really really reluctant to engage with, is play with the notion that things really aren’t good at all this time and to take those arguments to the logical conclusion. Most it seems would prefer not to ‘go there’. I’m able to, for reasons of planning, foresight and an ounce of luck.

I think we just saw the end of the renaissance that began in the middle ages. I think it finally is coming to an end. I think we have a new renaissance around the corner and just like the last we’re also emerging from the drudgery of a black death or plague that has inflicted and is yet to inflict more misery everywhere. A selfish age at the end wasn’t it?

I don’t think advertising is that important to me at the moment. I want to see the carnage before I go into how socialist media is likely to be part of the solution. We’re all in it together after all.

The mother of all market meltdowns

This is real propaganda (or messaging)  from the ministry of information in 1939. George Orwell would have seen this no doubt.

I'm surprised so few advertising people are acknowledging that we're in truly remarkable times. It's been a year of credit crunch with Bear Stearns on 'emergency loans',  Merrill Lynch sold to the Bank of America (convenient) Freddie Mac and Fannie Mae nationalised, that's proper nationalised like my heroes Ernest Bevan, Clement Atlee and Tony Benn would have done long before there was any trouble, Lehman brothers down and AIG about to bite the carpet. There's more to come as well.

I've been rereading my Nassim Nicolas Taleb (Fooled by Randomness, not The Back Swan) and although I can see like Johnnie Moore suggested to me that he's a bit full of himself, he has taught/reminded me that we know so little (the past is relatively short) that we've no idea about the future and so I'm not going to make any predictions except some light water colouring.


We're in for a change, I think monetarism might get a good spanking and selling stuff will still be vital but what is sold and how it is sold will change. (although more slowly) I don't think economic growth is the metric by which we can always measure a country's success. Just one example is that they shut the factories down in China for the Olympics and we had the cleanest air in Beijing for a few weeks.

I'm pretty sure someone somewhere in the oxyacetalyne growth obsessed Chinese Politburo must have said 'hang on what's it all for if we have a better quality of life by doing less'? Well greed is intoxicating isn't it so maybe not, and let's not point the finger because we thought we won something when Communism was beaten by the West. What we lost was the chance to grow slower-quicker but that's another post I guess. I absolutely love thinking and talking about those 'what if's'. One thing is for sure I'm sick to death of the word growth being used as if it's a sign of success. It's a sign of intellectual decay. We absolutely need to go slower in life. A rich man is one who goes slowly and takes their time. You can't buy time, you can only spend it so the wealth aquired usually means expending effort so hard that your life slips by before you can really start to enjoy it. I'll say it again. Rich people go slowly.

So that's enough from me for the time being. I sympathise if you're heavily exposed in mortgage on property that will be in negative equity but there's nothing for it but to adapt lifestyle and sit it out till money starts moving around again. Hopefully in a more intelligent way than the neoliberal economics that played on peoples greed and extended many of us way beyond our capacity to operate in harmony with the planet.

Anyone disagree?

Update Lehman just got propped up for 85 Billion Dollars by the Federal Reserve. Partially renationalised.

Four Continents Capital

As we approach 'Peak Oil' it makes perfect sense that the city boys will look towards the developing economies for a source of cheap energy, you know, like being run around town and saving on electricity for household chores not to mention maintenance. There is an alternative source. I'll write about this a bit more if this provokes any comments.