The next two or three years of focus, budget, and effort fixing the financial crisis are two or three years where we aren’t using our rapidly dwindling supply of high net-energy surplus oil and gas to invest in a renewble energy infrastructure or to restructure our economy away from the demand for continual growth.

A good point along the same line of thought from Jeff Vail. Something subtle is causing this, the timing is just too perfect. It’s a species-wide case of rather negative-seeming synchronicity. I guess it’s time to learn to surf the waves that are bound to be kicked up by the “crash”.

“shock and awe” blitz to halt the credit panic.

Looked at from a purely linguistic viewpoint, you have such a multitude of negatives being thrown around here that the human brain, interpreting these concepts is necessarily going to walk away with negative associations. “Shock,” “blitz”, “panic”, nevermind the references to vicious ways of waging war… I don’t see how these things are going to get better if this is how its all being framed perceptually for people by the media.

Germany, France, Italy, Spain, Holland and Austria have joined forces to launch the greatest bank bail-out in history, offering over €1.5 trillion in guarantees and fresh capital in a “shock and awe” blitz to halt the credit panic. he move – unveiled simultaneously in the six states to maximise the show of unity – throws the full weight of the eurozone behind global efforts to stem the crisis.

Why is this not bigger news? I’ve only seen it on Cryptagon and a few UK news sites. Didn’t see it on Al Jazeera, didn’t see it on the NYTimes, and didn’t see it on Drudge report. Weird…