Ah good...you're still there! Me, too...but for how much longer, eh? Good to see you anyway. Got your world disaster shelter ready yet? Never mind - you should still have time. Before you get back at it, take time to pour yourself a perky mug of coffee and feast on a virtual muffin. Today's post is wrested from an email sent to me by Brian in Pattaya and was written (I won't say penned because nobody 'pens' things these days except pigs) by Bill Bonner. If you're into stocks and bonds, you'll know who he is and if you're not, you won't. He does write some intriguing stuff, though.
No need to ask
those questions... not when human beings are
disappearing down the rathole of history.
The last major
extinction took out the dinosaurs; 76% of all species
alive at the time died out. And that was nothing,
compared with the one that came before it, known as the
Great Dying – 185 million years earlier. That wiped out
95% of all species. Like a stock market crash, an
extinction takes out the most successful, most
ubiquitous species.
So far, the
planet has suffered five major extinctions.
Newsweek says we may already be into the
sixth:
Over
the past four years, bee colonies have
undergone a disturbing transformation. As helpless
beekeepers looked on, the machine-like efficiency of
these communal insects devolved into inexplicable
disorganization. Worker bees would fly away, never to
return; adolescent bees wandered aimlessly in the
hive; and the daily jobs in the colony were left
undone until honey production stopped and eggs died of
neglect. Colony collapse disorder, as it is known, has
claimed roughly 30% of bee colonies every winter since
2007.
If bees
go extinct, their loss will trigger an extinction
domino effect, because crops from apples to broccoli
rely on these insects for pollination. At the same
time, over a third of the world's amphibian species
are threatened with extinction, and Harvard
evolutionary biologist and conservationist E.O. Wilson
estimates that 27,000 species of all kinds go extinct
per year.
Are we in
the first act of a mass extinction that will end in
the death of millions of plant and animal species
across the planet, including us? Proponents of the
"sixth extinction" theory believe the answer is
yes...
The
climate change that occurred during the Great Dying –
most likely involving megavolcanoes that erupted for
centuries in Siberia – was similar to the one our
planet is undergoing right now. Regardless of whether
humans are responsible, the sixth mass extinction on
Earth is going to happen. We have ample evidence that
Earth is headed for disaster, from elevated rates of
extinction among birds and amphibians to superstorms
and the recent Midwestern drought, corroborating the
idea that we might be living through the early days of
a new mass extinction.
Bummer. The
bees are starting to act like Republicans: hopelessly
disorganized... desperately short of ideas. And if they
can't get their act together, we are all going to hell.
But it was
bound to happen, wasn't it? Whenever there is a chart
with a line that goes vertical... it invariably leads to
a line that goes vertical in the opposite direction.
What goes up must go down. What lives, dies. Bear
markets follow bull markets. Busts follow booms. And
ants follow picnics.
If it were up
to us, it wouldn't work that way. Neither death nor
taxes would be inevitable. But we're not the Decider.
And whoever is the Decider seems to prefer symmetry over
immortality. That's just the way it is.
As you can see
below, when you look at a chart of the growth of the
human population over the centuries, you see a long,
nearly flat line stretching from about 1800 back to the
beginning of time. But after 1800, the line suddenly
goes vertical.
What gives?
Better food, better medicine, indoor plumbing. People
stopped dying the way they used to. And the number of
humans on Earth multiplied. Even in our lifetimes – from
1950 to today – the population of the planet has
doubled.
Now comes the
blowback... the bust... the downswing. If we're lucky,
75-95% of the human population will die off. If we're
unlucky, it will be 100%.
But seriously,
this is another reason for staying out of the stock
market. We wouldn't want to own a portfolio of growth
stocks, not when a major extinction approaches. It would
be embarrassing. (Regards, Bill Bonner)
(Thanks, Brian!)
Hope to see ya tomorra...assuming we're all still here, eh!
Bob