The Earth Is a Ponzi Scheme on the Verge of Collapse…By Matthew Stein, Huffington Post. Posted April 28, 2009. … excerpt … http://www.alternet.org/water …Our model of exponential growth in consumption of energy, natural resources and raw materials cannot last forever. …Bernie Madoff sure made a name for himself, didn’t he? First he made a name for himself as a “Wall Street Genius” whose coveted firm not only promised, but consistently delivered, extraordinarily high annual returns on investment, even when the economy was down. More recently he made a name for himself as the architect of the largest and most notorious “Ponzi Scheme” in history, bilking investors out of as much as 50 billion dollars!
So, is it true that we are running our planet like a Ponzi scheme? And if this is true, does it mean that we must inevitably face collapse, as all Ponzi schemes must eventually end in catastrophe?
The illusion that the “Free Market” is the logical savior of our world has been maintained by the promise of riches and an ever increasing standard of living and lifespan that has been demonstrated by the industrialized world for the past several hundred years. On the surface, who can look at the apparent success of America, and not come to that quick conclusion? However, when you look deeper, you will find that this success is built on a business model based upon exponential growth, and that this growth must be fed by a similar exponential growth in consumption of energy, natural resources, raw materials, and in the continuous expansion to new markets. All of this is well and good when the world has an abundant supply of undeveloped lands and unused resources, but it starts coming apart as that same world approaches its natural limits to growth and consumption.
THROUGH A DIFFERENT LENS …To the degree and to the extent I am able I invite you to go to …http://www.alternet.org/water … and read the entire article for yourself. It is quite possible you may find the tone and author’s assessment of America unsettling as he causes one to assess the degree to which we each have brought into the magic of the “free market” economic system…?
As a current resident of the State of Arizona, we epitomize adherence to exponential unrestricted unsustainable growth as the basis for our state economy. We live in a bubble believing that a Houdini type trick can be attained gifting us with – water – upon which to continue our exponential growth in the midst of growing data suggesting a prolong decline in all the water serving us. Arizona is not the only State in America or the West to grasp at a fleeting mirage called – water – the root source to support any form of life or an economy. All of those states dependent upon water from the once “mighty” Colorado River are each hiding their water reality from their citizens.
At the outset it is now readily apparent the water allocations agreed to in 1922, with the Compact of the River, were based, albeit, unwittingly on water flows which have only extremely infrequently been achieved. Adjudicated at 15 million acre feet of water the Colorado River historically produces approx 11 million acre feet of water some 27% less water than anticipated. Yet our “water” disputes even today are formulated on a fictitious 15 million acre feet flow. How utterly stupid can we be…? Our disputes are over water that does not exist. We spend literally millions of dollars of taxpayer money every year to sent regulators, government officials, legislators, federal, state, county, city, to seminars, conferences, committee meetings, symposiums to discuss allocation of the Colorado River and its water … HELLO … for what…? They return and dutifully report a “new” or “breakthrough” has been achieved … based on a fictitious water flow … when does this end…?
Is this not a form of a Ponzi scheme in which we willingly participate…? We can stop this Ponzi scheme in its tracks by demanding and accepting ONLY full, open, honest, timely DISCLOSURE. The choice is one each of us must make.
– – – – – – – – – – – – – – – – – – – – – – —
… People should never be afraid of their government, government should always be afraid of the people …
…“Never doubt that a small group of thoughtful committed citizens can change the world…indeed it’s the only thing that ever has.” … Margaret Mead
… “they must find it difficult, those who have taken authority as the truth, rather than truth as the authority” … G. Massey, Egyptologist
… “Everyone has the right to clean and accessible water, adequate for the health and well-being of the individual and family, and no one shall be deprived of such access or quality of water due to individual economic circumstances” …
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –
And let me be even a bit bolder, I am most willing to present and discuss any water issue with any audience in Arizona where open full disclosure and two way dialog is permitted.
Filed under: Blogroll, business | Tagged: ponzi, scheme | Comments Off on Arizona Ponzi scheme