November 2, 2001, SEBASTOPOL – Major evolutions are happening quickly. Rubicons are being crossed, sometimes by the day, sometimes by the hour. Opportunities to nurture the change of consciousness and strengthen Post Petroleum Human’s place in the increasing Babel of confusion, chaos and collapse present themselves and withdraw faster than Henry the Hummingbird can drain a jasmine blossom.

It means that a New World Order is preparing to debut itself. And it has spared no expense in planting well-financed seeds to make us all terrified of it and worried about things it has neither the intention nor capability of doing. But it is coming, and with it comes the next difficult challenge in collapse.

I suppose that most of us can relate to a parent or an aunt, uncle or grandparent risking and taping into their own sterling credit rating to bail out a wayward child with an astonishing record of irresponsibility and fraudulent, criminal behavior. And I think all of us can relate to that elder reaching a point where the errant progeny is left to face the consequences of their actions by themselves.

(A companion reader to the World News Desk – Ongoing entries available to Collapsenet members only)

Mike discusses what felt like the most intense week in his long career.  He also welcomes two insightful Australians to The Lifeboat Hour this week.

Oil is back over $100 today in case no one noticed. All this debt cannot be repaid without cheap oil. Mother Earth cannot afford to and will not pay Petroleum Man’s debts...

It looks like Congress is going to squeeze out some kind of phony debt compromise that is only kicking the can, with a lot of Cancan theatrics. Ron Paul summarized it pretty well. More smoke and mirrors. That will leave Washington exposed...

Overnight Europe has turned inside out. The EU will let Greece default. Let me remind everyone that every major world economy and Central Bank holds Greek debt, as well as the debt of every other EU member.