”If, however, as Pareto suggested… a governing elite is inevitable, then we are certainly under the wrong elites. Whether a circulation of elites can be completed in time to save the world economic system from ruin and the majority from destitution and veritable slavery is a question of no little urgency.” - Michael Rectenwald

By James Howard Kunstler - March 6, 2023

Imagine that on an April evening in 1912, the captain of the RMS Titanic had announced a grand ball at which the male passengers were asked to wear their wives’ clothing and vice-versa…. That was approximately the condition of Western Civ verging on springtime in 2023: preoccupied with silliness while the iceberg awaits.

But who would have thought the sinking of civilization would occur with such fantastic comic ornamentation? Men, in more ways than mere costuming, pretending to be women… incompetence honored, feted, even worshipped… intellect reduced to anti-thinking… anything of value thrown overboard in some weird post-modern potlatch ceremony of twisted moral righteousness…? But the hour is late, the party is near its end, and the iceberg is struck. The rest of the story will be you holding onto a few valuables, including your life, while the lifeboats get lowered.

From here forward, things get pretty interesting. And from here on, nobody is really in charge. The vacuum of leadership we’ve been living in becomes impossible to ignore, and nature (it’s rumored) hates a vacuum. For the moment, circumstances are in charge, not personalities.

Look no further than the fiasco in Ukraine, engineered by geniuses of the US foreign service in some daft exercise to show the world who’s who and what for. And, remind me: what was the basic idea there? To hamstring and hogtie Russia so badly that her people would overthrow the only rational head-of-state in Christendom, a figure who makes the presidents, chancellors, and prime ministers of Western Civ look like a troop of gibbering mandrills, with painted faces and blue butts, the ass-clowns of geopolitics.

Something tells me that this gang will not make it to the lifeboats. They’ll be left on deck gripping bottles of single malt scotch whiskey, singing Don’t Cry for me Argentina as the band plays, while the whole wicked colossus slides beneath the moonlight-tinted green waves. All of which is to say: these perilous and confounding times we live in are coming to a climax. Events are afoot now, choices must be made, truths will emerge, no one will be untouched, be careful who your friends are.

We’re waiting for financial markets, banks, and monies to blow, as an engine will when submerged in water. It can’t not happen, though every known device has been deployed to keep up appearances. The credibility of finance was thrown overboard a long time ago. Capital was sloshing around in the bilges as the ship heaved and pitched in the angry waters, and it had to go somewhere. The next turn will be when you go looking for where it went and you discover to your nauseated chagrin that the capital is just… gone! Through some legerdemain of physics, it disappeared… turned into a kind of anti-matter… fell through a black hole (possibly ripped by that iceberg), or up the smokestacks, like it was never there at all.

When that happens, our collective attention finally gets galvanized as by no shock before. When capital is truly gone, transmogrified into a whole lot of nothing, the time for standing by making faces and whining is over. By the way, this is the way the world ends for the vacuum known as “Joe Biden” and the Party of Chaos he is propped up to represent. Chaos, we will be astounded to learn, is not your friend, is not the solution to anything, least of all a polity that is floundering in lifeboats over cold, dark, deep water a thousand leagues from dry land. What’s more, there are no ships coming to the rescue. Guess why they put oars in the boats. Get set to pull, me hardies!

Yes, we’re at . . .

[SNIP]