ON SOBER REFLECTION – A QUICKIE


Steam TrainI’m preparing an ‘upside’ post right now to balance all of the ‘downside’ stuff that I’ve published here on this blog over the past year or two.  I recognise the need to shine some light on how we’re supposed to respond to what I argue is a steam train coming down the tracks towards us, economically and socially.  The ‘upside’ post is coming along nicely.  However, there’s an endless stream of leading indicators of transformational change ahead, albeit little known or understood by the mainstream media, or just simply ignored by them; perhaps on the grounds of “always keep a hold of nurse, for fear of finding something worse.”

Why not reflect for a moment on just two indicators of change ahead:

On the Monetary System

The global financial system almost collapsed in 2007/08.  It was “saved” when governments like in the US and in the UK stepped in and started printing money as “emergency measures” to prop up insolvent banks.  Prior to the near-collapse of the global financial system, the US monetary system comprised circa $800 billion in circulation – some 200 years’ worth of money creation; that’s $0.8 trillion.  Today, every month, the Federal Reserve is printing and pushing $85 billion in to the US monetary system; that’s over $1 trillion every year.  In other words, every single year, the US is printing more money than was created in the 200 years before the near-collapse of the global financial system 5 years ago.  Where’s this one heading?  You decide, but hyper-inflation and currency collapse both come to mind.  The only serious question is, “When?”

On the UK’s Energy Infrastructure

The British political class is nowadays chasing votes under the heading of “Energy Prices”.  The British political class is utterly clueless as to how to tackle the global energy crisis which is now snapping at our heels.  Clueless.  So, whilst the politicians work feverishly to figure out how to win votes under the heading of “Energy Prices”, the UK’s energy crisis moves up from snapping at our heels to setting its sights on gripping us around our necks.  Over the past 10 years, the UK’s capability to provide energy indigenously, in other words to provide ‘home grown energy’ so to speak, has dropped by 53%.  In that period, the politicians, being clueless as they are, clearly saw no votes, no votes whatsoever in the subject of “Energy Security” (which is all about the reliability and resilience of energy supplies) and, therefore, pretty much ignored the nation’s energy infrastructure.  No votes in that.  Of the national energy capacity that remains, a further 33% is likely to disappear by 2020 (Hat Tip to Dr Tim Morgan, ‘Surplus Energy Economics’), by which time energy output will meet just 37% of our current consumption.  Where’s this one heading?  Again, you decide, but either we need a truly massive investment in energy production (bearing in mind that the EU is already manoeuvring to prevent the UK from developing new nuclear power facilities; itself a political panic measure), or we need to invest heavily in candle-making factories. That said, I think I’m right in saying that our genius political class intends to invest heavily in a quite-fast train, doesn’t it?  Final thought on this one: we could start being really, really nice to the Russians and other gas producers so that they keep selling us the energy we need to keep the lights on.  That should work.

Facts like the two above emerge daily, and some.  There’s no end to the evidence that we’re staring transformational economic and social change in the face.  Meantime, the best the BBC can do is to wheel out Robert Peston to write the sort of superficial drivel that you can read in the link below.  Bear in mind too that you can go to jail if you don’t make your contribution  (aka the TV Licence Fee) to Peston’s salary.

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‘So How Much Will Energy Bills Rise?’: http://tinyurl.com/q8e33n7 

12 comments

  1. A cheerful chuckle for the end of the day. UKIP’s Godfrey Bloom rants at the EU parliament.
    You’ve got to love the guy, but he’ll never make a diplomat when he grows up.

    http://www.youtube.com/watch?v=CBVFpYNOiNo

    If Dr Tim could pass on the Karen Hudes tip to Terry Smith, that would be good, thanks.

    Like

  2. To end on a cheerful note, there is hope ahead.
    We have 300 years of coal stocks in this country & fracking could prove a great source.
    Once we get over the brainwashed boobs who think of CO2 as a pollutant. It’s plant food.

    Also today I saw an interview with Karen Hudes, for 20 years employed by The World Bank.
    She was their chief legal counsel (& an economist) & was sacked for trying to expose corruption there. She has since been working with all 188 countries who own the (co-operative) World Bank, the separate US States & Counties in a bid to go round the FED & replace peacefully the failed fiat dollar. She is confident of success. The interview is 1 hr 56 mins & most worthwhile.

    http://www.youtube.com/watch?v=dGCvZuzShSc

    Cheers,
    JD.

    Like

  3. I particularly like that Lord Christopher Monckton is Nigel Farage’s chief adviser.
    Lord M was Maggies chief science adviser, & knows the global warming/climate change scare scam inside out. After he defeated Al Gore in a British court of law, showing Gore’s ridiculous propaganda film “An Inconvenient Truth” to contain 13 “errors of fact”, Gore runs a mile & refuses to debate Lord M. I believe he’s also up to speed on the imminent collapse of the world’s fiat currencies. I know he’s au fait with the bankster’s UN Agenda 21 New World Order depoulation plans.

    Like

  4. Did you realise that our police service is being decimated as well as the armed forces?
    & the pols are massaging the figures to show crime falling? Inspector gadget’s fine blog was forced offline, as was Dr Tim’s friend Terry Smith, who was also blessed with commonsense & a command of figures. You are quite right, all three major parties are dedicated to subsuming this poor country under the EUSSR, all the pols are slavering over the huge salaries & expenses to be had, & fcuk the common man, he can freeze to death in the winter.

    UKIP are a ray of hope.

    Like

  5. Good post MM. You talk some good common sense, a quality sadly in short supply these days.
    Especially from muppets like Nob Pressswon, who is a member of Common Purpose, if ukcolumn.org is reporting correctly. This is a communist front organisation dedicated to the bankruptcy of this country & its takeover by the bankrupt EU. These are the crowd surrounding Leveson, determined to gag the mainstream media & the blogosphere in their efforts to further their cause. They have deeply infiltrated our Sir Humphreys, plod, the judiciary, our SS civil service & local authorities etc etc. ukcolumn.org has a good section on them.

    Like

    1. moraymint · ·

      Thanks John for your comments.

      Like

  6. David C · ·

    Generally you reflect after the “quickie”, but enough of squadie humour.

    The governments take on energy prices is all about “can we find a harder way to do it”. If you want to support people on low incomes to pay for their heating, give them more money. Simplify the tax proces, allow those at the bottom to keep more of what they earn, it is morally wrong that the lowest paid earners have to pay most for their energy because “key meter” energy prices are obscenely high.

    Reduce VAT and scrap business rates and employers NI as these are overhead taxes you must pay, no matter what turnover or profit you make. Introduce a turnover tax, say 3% of sales and it is a tax that has to be paid. Imagine 3% of Amazon, Apple, Starbucks rolling into our coffers.

    Next make it illegal for a ftse listed company to pay dividends or bonuses while suppliers wait 150 – 210 days to get paid.

    Change will only happen when you get off your bum and make change –
    As for the energy companies – renationalise them without compensation….

    Like

    1. moraymint · ·

      David, thanks and, yes, “change will only happen when you get off your bum and make change.” The challenge we face is that so much of what is happening around us these days is at the macro-economic and macro-political levels. Our political class has homogenised in to a self-serving, governing elite not much different to the monarchies and aristocracies of previous eras. Voting Labour is the same as voting Liberal Democrat is the same as voting Conservative. You can’t slide a cigarette paper between their respective policies and so all we get is more of the same; getting worse: the economy slides (real inflation is outstripping wages growth); the national debt grows higher; the directives and regulations come at us from Brussels thick and fast and are gold-plated in to the laws of our land; migration is out of control; energy security is a joke; the armed forces are being decimated; and on, and on. Different coloured political party; same story, year in year out. So, in my case, “get off your bum” means join UKIP; work for the local UKIP candidate; argue the UKIP case (it’s all in the manifesto); make democracy work for a living.

      On the macro-economic side the situation is rather more difficult. No amount of getting off one’s bum is likely to reduce the grotesque size and cost of the state; or reduce the still rising levels of public and private sector indebtedness; or persuade the political class that the economy is, in essence, an energy construct and that our energy policies are a joke; or persuade the politicians that we’ve reached the end of mankind’s era of industrial age rates of economic growth (it’s a surplus energy thing) and that we need, rapidly, to organise our economy and our society for years if not decades of trend economic flat-lining at best, or contraction at worst. Here, the trick is to do all sorts of things at the level of the individual, the family and the local community to build economic and social self-reliance and resilience going forward. On this last point/sentence I shall be explaining more in future posts. There’s much than can and should be done. But as we go forward grappling with rising energy costs, rising food costs, overpopulation and other economic and social pressures, forget relying on “the state”; forget relying on politicians; the way forward is about getting off your bum and doing things in the face of the political environment in which we live at beginning of the 21st century, and not with the grain of politics. As the title of the MP Douglas Carswell’s recent book declares, we’re living at: “The End of Politics”. He doesn’t really mean the end of politics, as such (politics will always be with us, of course), but he does mean that unless and until politics in this country changes radically and for the good of the people, then we’re on the road to nowhere. Amen to that.

      Like

  7. Good post. It might surprise you that I, too, tried to find sufficient positives to balance the negatives. It will surprise you less that I failed to do so. Then I tried to write a plan for restoration (“restoration”, rather than “recovery”, to denote something more substantial than a mere uptick in malleable GDP figures).

    Oddly, that’s stalled because I’m not sure the public will is there. Our system isn’t delivering, ergo apply popular pressure to the system. But are people just too complacent/apathetic/paralysed/brainwashed? I admire the courage of individuals from Ukraine to Libya who have made a stand. Even the French do this. But I struggle to see it happening here – or, at least, happening until the oncoming train actually hits us.

    Like

    1. moraymint · ·

      Tim, thanks. It can be very disconcerting discovering the extent to which our governing elites have lost virtually all control of unfolding economic events. We’re being led to believe that there ain’t much happening really, and that any day now we’ll be back to the economic status quo ante thanks to the Herculean efforts and finely tuned economic skills of the politico-economic Establishment. The reality couldn’t be more different, but I sense that only a tiny fraction of us has any insight at all in to the trajectory of our way of life …

      Like

  8. Another great post!
    True on both counts.
    Monetary system, as we know it, can’t possibly survive. It reminds me of that old song about the kings clothes. They didn’t exist. The money may well exist bit negligible value.
    Perhaps something a little more cheery as we approach the festive season ? )
    Regards

    Like

    1. moraymint · ·

      Yes, you’re right Craig … I really must do a Christmas Special … I really must do a Christmas Special … I really must do a Christmas Special … standby for a Christmas Special …

      Like

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