The problem seems to have been that, over time, the Economy became... transformed. What the Weasels used to happily greet - as meat - became a bit more of a chore. As one elderly Ice Weasel so eloquently put it, "$13 trillion buys you a lotta phthalate-impregnated 'Dalai Mountain Spring, Water Of The Ommm' bottles. Or take a product like the 'Lumonic-Hypertext Twyn Hys & Hers Tivo Sets' - that'll give the old forebrain a full flex-out. And let me tell you, to take down a 'Texan-Clad, New England-Style, Oaken Oasis, Luxury Wiffle-Built Home' on your own, well... you're gonna need that 5th ball to tackle one of those puppies."
And (contra Krugman), the Ice Weasels can be a surprisingly melancholy lot. While we tend to ignore their theatre, their film-making, and (grossly overlooked), their music, I believe this documentary short gives us an idea of just how deeply they mourn the passing of the Old Economy. By a pair of their Ice Artists known as "The Kills," I suggest you look past the (rather nonsensical) "human" costumes they've created, and listen, just listen, to the tenderness expressed in the lyrics:
What easy used to be
What love used to be
What drugs used to be
What TV used to be
What music used to be
What you used to be
What New York used to be
Difficulties to one side, the Ice Weasels remain committed to their task, their Mission. I know that in the future, and particularly after the carnage to come this Winter, they'll likely be regarded as Barbarous. Animalistic. In their defence, I only wish to say that from a long-term perspective, I believe the Ice Weasel contributes as much, if not more, to the health of our environment, and the growth of our economy, than any other species.
Environmentally, the tundra simply wouldn't be the tundra if it wasn't kept pristine & white. You can't have hundreds of billions of dollars worth of junk strewn around for the Caribou to trip over. Because believe me - and I don't wish to seem harsh here - but Caribou are dumb as posts. You ought to see 'em on a windy night, trying to start a fire with those old Bics they use. They're the Larry, Curly and Moo of the North, I swear.
But the Ice Weasel's annual clean-up is also essential if our economy is to prosper & grow. Their actions help it shed dead weight, leaving young muscle & tendon. The herd grows more efficient, 'til it's almost leaping up the value chain. Hmmmm, health metaphor... health metaphor. Ah! Think of it as an econo-colonic irrigation. A cleansing. Truthfully, you wouldn't really want to hang onto all that gunk, now would you?
These past 20 odd years, the rising tide of Crap-N-Crome has made the job of the Ice Weasel tougher. But this year, something new entirely appears to have occurred. Something which, while initially bringing joy to the Weasels, has ultimately produced in them a feeling of... dread.
Which is why I led this post with the words of the incomparable, the Prophet, he whom we will not mistake for someone else... Nietzsche. "The economy is a snowmobile racing across the tundra and then suddenly it flips over, pinning you underneath. At night, the ice weasels come." Again & as always, Right Said Fred has whacked the mole, when it popped outta its hole, eh?
You see, the Ice Weasel scouts have reported back that this year's migration is showing some unusual features. For instance, that the economy's traditional "guards" all appear to have... gone. In decades past, these guards were a formidable lot, arrayed under divisional flags & banners, formally-attired, beady eyes fixed on the horizon, red & black pens sharpened and at the ready, enunciating verse after verse of the "Perfectly Competitive General Equilibrium," with Los Chicago Boys Choir pumping up the volume during the chorus.
But this year? Well, after the initial celebration, the Ice Weasels have begun to... lament. They feel there is no honor in taking down the undefended, the indefensible. For the guards... are gone. Yes, certainly, in recent years they'd noticed that the attention of the banking & the brokerage brigades had begun to wander, the ranks of the regulators & the ratings agencies grown thin. But the front-line soldiers, the boots on the ground, continued to march at the Economy's side. The graveyard-dead eye, the automatonic twitch, the metronomic, side-to-side shaking of the lipless heads of the Accountancy profession told the marauding Ice Weasels all they needed to know. "You shall not pass." These stout defenders, the Accountants, drawn perhaps - as the myth stated - from the depths of Carpathia, or - and this, more greatly feared - spontaneously generated from the dank pits of Indiana. If an Ice Weasel managed to outwit this foe, then they'd earned their badge of Honor, deserved their share of Glory.
This year, nothing. Or almost nothing. Except for a disoriented rabble, running to and fro, shouting alarm, making vast claims, demanding tribute, dubbed by Lux the Ice Elder as... the TARPetbaggers. A mob which, on closer analysis, we came to believe were no threat to us. Indeed, they appear more as competitors, eerie, carnivorous - perhaps members of the once-powerful Guard, but now clearly gone cannibal.
Our scouts' careful fact-finding & intelligence-gathering built to an incontrovertible conclusion. That the bewildered herd, its protective bubble now punctured & vanished, its million bare flanks naked to the cold North wind, was... near collapse. I've read the original message which was Telezack7'ed back to BaseMind11ty, and can confirm that it consisted of one brief sentence. A sentence which could well, when history is written, stand as the epitaph of this Once Mightiest Economy, capturing as it does the initial Joy of the Ice Weasels, as they surveyed the soon to be devoured herd - "Surf & Turf, kids."
Harsh? Perhaps. A touch cruel even. But with such succulence spread on their own cold, white tablecloth, well, who's to say you yourself wouldn't have participated in an evening or two of Parimutuel Ice Pleasure upon its sighting? Not I. But joy was quickly followed by questions. Which grew into concerns. Which rose up into a great, looming, mountain of dread. The initial question itself had been simple. "Can we consume so much?" This led to a deeper debate, over whether the meal was a simple but filling 1% of the $13 trillion, or... more. And if so, how many more courses? 3%? 5%? 10%? More?! Until finally, alarm, then dread, as the scale of the task began to resolve itself.
Unbelievably, there were 3 million homes already downed, abandoned by their inhabitants, boarded in - a last, forlorn, hope against unflagging fate. And then, multiple sightings confirmed, of another 3 million coming, just over the horizon, their owners staggering under the weight. And all, requiring... processing.
The horror went on. Autos. 6 million lost already. By November. Aging, gigantic SUVees, paneled doors hanging open, empty, bleeding heavily from their tails. Food, clothing, travel on personal business - gone. College educations, jewelry, old games that'd have to do & the Wii be damned. Health care, meals formerly eaten outside the home, and the trip to Gramma's house - postponed. Insurance agents & online stockbrokers, billions worth. In fact, the entire personal business services sector. And the realtors... my God, the stench.
The math of an Economic Apocalypse is simple. It's just that ourselves, and the Ice Weasels, sit on opposite sides of the equation.
It's a Hard Sun. Run.