“… 200 years of abundant energy have allowed us to build an extremely complex civilization based on dozens of interrelated systems without which we can no longer live - at least not in the style to which we have become accustomed … Those who believe that ten years from now we will be able to get along with much reduced government have little appreciation of how modern civilization works or how bad things are going to get as fossil fuel energy fades from our lives …”
Read more at “peak oil crisis: the future of government” by Tom Whipple.
And more on 'bottom bouncing' at Shadowstats, where Walter J. "John" Williams notes that "despite minor changes to the system, government [economic] reporting has deteriorated sharply in the last decade or so." Can this be purely accidental? Surely not. After all, covering the hideous truth in a cheering blanket of confusion always helps, leaving only a few suspicious buggers to write dry headlines like "November Jobs Increase Was Statistically Indistinguishable from Decline."