"Most' 'economic thinking' is 'short run' and 'redundant'? 'It' ignores the 'supply side'?
'Growth' {and 'civilisation'} depends upon 'cheap' F.F. - those so called 'halcyon days' are 'over'. ?
"The crisis now unfolding, however, is entirely different to the 1970s in one crucial respect… The 1970s crisis was largely artificial. When all is said and done, the oil shock was nothing more than the emerging OPEC cartel asserting its newfound leverage following the peak of continental US oil production. There was no shortage of oil any more than the three-day-week had been caused by coal shortages. What they did, perhaps, give us a glimpse of was what might happen in the event that our economies depleted our fossil fuel reserves before we had found a more versatile and energy-dense alternative. . . . That system has been on the life-support of quantitative easing and near zero interest rates ever since. Indeed, so perilous a state has the system been in since 2008, it was essential that the people who claim to be our leaders avoid doing anything so foolish as to lockdown the economy or launch an undeclared economic war on one of the world’s biggest commodity exporters . . .
And this is why the crisis we are beginning to experience will make the 1970s look like a golden age of peace and tranquility. . . . The sad reality though, is that our leaders – at least within the western empire – have bought into a vision of the future which cannot work without some new and yet-to-be-discovered high-density energy source (which rules out all of the so-called green technologies whose main purpose is to concentrate relatively weak and diffuse energy sources). . . . Even as we struggle to reimagine the 1970s in an attempt to understand the current situation, the only people on Earth today who can even begin to imagine the economic and social horrors that await western populations are the survivors of the 1980s famine in Ethiopia, the hyperinflation in 1990s Zimbabwe, or, ironically, the Russians who survived the collapse of the Soviet Union."
This is the core. This may be announced when Xi meets Putin in Moscow this month. Stage is being set, even today, with Assad meeting Putin. The Mideast peace opens the door to world peace & trade with no hegemon. Keynes' Bretton Woods dream will be realized and it will e cooperative.
“But beyond this, the potential for synergies between the countries is enormous. Taken together, the expanded BRICS countries currently produce around 26% of global oil output and 50% of iron ore production used to make steel. They produce around 40% of global corn production and 46% of global wheat production. If these were all traded in the new reserve currency, it would instantly become a cornerstone of the world economy.”
I am not American and like most of us don't really know who is pulling the strings but I do realise politicians are merely puppets. But if America is run by oligarchs, are there two different groups? One which wants to implement the WEF Great Reset and a New World Order and one which wants a uni- polar world order with the US continuing as top dog?
Of the names you mentioned as presidential candidates, I have read that Donald Trump and Ron DeSantis are controlled and set up to garner votes from both sides of the spectrum which has been set up to divide the population. JFK Junior is I presume, legitimate but he has a voice problem which might be tricky when campaigning.
Well 2 things that the globalists don't seem to like are nationalism and Christianity so maybe that tells us where we should look to defy them. It would be nice to think that Trump and DeSantis are genuine and want the best for their country but I suspect they are part of the plan. There is always a chance that should they get in to office they would go rogue but then they would be taken out. Trump didn't last once he got out of control or so it appeared from my side of the pond. If Bobby Kennedy Jr got in, he would probably take his own bullet unless things change pretty quickly.
All agreed, but the fact is that all the oligarchs are doing worse with the current US foreign policy than they would be if Trump had been making deals.
Imagine their revulsion!
I don't expect Bobby Jr. but somebody who will have the authority to make deals seems necessary, even/especially for the owners.
The VP (as in LBJ and Truman) is their insurance policy against the POTUS. A VP like DeSantis or Tulsi Gabbard would mean a capitulation by the current owners. A VP like Pence was a standard insurance-policy for them.
I do hope you are right. To think the whole bunch of them are controlled and that the Rothschilds/Rockefellers of this world are behind both sides, is just too depressing. If they are running things, that would mean the US Foreign Policy is meant to bring in the New World Order and a One World Governance System. It is meant to bring down the US to the same level as other countries such as China. Figures who are popular with the electorate are important to give them hope and to keep them in line. But, there may be elements within the US who are against such plans and will tell them to stick their Great Reset where the sun don't shine. Whether they can buy Trump, I don't know as I expect he would agree to work for them given the opportunity!
Interssting, thank you. Might also be of interest to see this very recent article, where the brilliant Michael Hudson details more about SVB collapse and why the US banking crisis is not over
Very interesting read. Hope the doc wins the case. A German doctor did a similar thing but involved postage. There was a fee for that and I can't remember all facts now but she was found guilty on some technicality. What was harsh was she got a custodial sentence. Scapegoat to warn others, no doubt.
"Most' 'economic thinking' is 'short run' and 'redundant'? 'It' ignores the 'supply side'?
'Growth' {and 'civilisation'} depends upon 'cheap' F.F. - those so called 'halcyon days' are 'over'. ?
"The crisis now unfolding, however, is entirely different to the 1970s in one crucial respect… The 1970s crisis was largely artificial. When all is said and done, the oil shock was nothing more than the emerging OPEC cartel asserting its newfound leverage following the peak of continental US oil production. There was no shortage of oil any more than the three-day-week had been caused by coal shortages. What they did, perhaps, give us a glimpse of was what might happen in the event that our economies depleted our fossil fuel reserves before we had found a more versatile and energy-dense alternative. . . . That system has been on the life-support of quantitative easing and near zero interest rates ever since. Indeed, so perilous a state has the system been in since 2008, it was essential that the people who claim to be our leaders avoid doing anything so foolish as to lockdown the economy or launch an undeclared economic war on one of the world’s biggest commodity exporters . . .
And this is why the crisis we are beginning to experience will make the 1970s look like a golden age of peace and tranquility. . . . The sad reality though, is that our leaders – at least within the western empire – have bought into a vision of the future which cannot work without some new and yet-to-be-discovered high-density energy source (which rules out all of the so-called green technologies whose main purpose is to concentrate relatively weak and diffuse energy sources). . . . Even as we struggle to reimagine the 1970s in an attempt to understand the current situation, the only people on Earth today who can even begin to imagine the economic and social horrors that await western populations are the survivors of the 1980s famine in Ethiopia, the hyperinflation in 1990s Zimbabwe, or, ironically, the Russians who survived the collapse of the Soviet Union."
https://consciousnessofsheep.co.uk/2022/07/01/bigger-than-you-can-imagine/
This is the core. This may be announced when Xi meets Putin in Moscow this month. Stage is being set, even today, with Assad meeting Putin. The Mideast peace opens the door to world peace & trade with no hegemon. Keynes' Bretton Woods dream will be realized and it will e cooperative.
“But beyond this, the potential for synergies between the countries is enormous. Taken together, the expanded BRICS countries currently produce around 26% of global oil output and 50% of iron ore production used to make steel. They produce around 40% of global corn production and 46% of global wheat production. If these were all traded in the new reserve currency, it would instantly become a cornerstone of the world economy.”
Great insight. (Just checked to see if you’re a writer, good to see it’s coming soon 😊)
I am not American and like most of us don't really know who is pulling the strings but I do realise politicians are merely puppets. But if America is run by oligarchs, are there two different groups? One which wants to implement the WEF Great Reset and a New World Order and one which wants a uni- polar world order with the US continuing as top dog?
Of the names you mentioned as presidential candidates, I have read that Donald Trump and Ron DeSantis are controlled and set up to garner votes from both sides of the spectrum which has been set up to divide the population. JFK Junior is I presume, legitimate but he has a voice problem which might be tricky when campaigning.
'nationalists" and "Globalists", for want of better terms for elite alliances in the US now?
Where are the current Rockefellers in this mix?
I think the nationalists seem less-evil than the globalists at this point.
Trump and DeSantis seem to serve ntionalist interests, but DeSantis might change in office.
Hard to say. DeSantis might be well served to swallow his pride and run as Trump's VP, if given the opportunity.
Somebody needs to be able to negotiate on America's behalf. It has been a long time since anybody did mor than pretend to do that.
I'd say Reagn, though I did not personally like him.
I'd vote for Bobby Kennedy Jr. any time I got the chance, but I'm not sure that is possible in this world. He knows he'd be a target.
Bobby Jr. has courage and integrity.
I'd take a bullet for him... (I don't say that lightly.)
Well 2 things that the globalists don't seem to like are nationalism and Christianity so maybe that tells us where we should look to defy them. It would be nice to think that Trump and DeSantis are genuine and want the best for their country but I suspect they are part of the plan. There is always a chance that should they get in to office they would go rogue but then they would be taken out. Trump didn't last once he got out of control or so it appeared from my side of the pond. If Bobby Kennedy Jr got in, he would probably take his own bullet unless things change pretty quickly.
All agreed, but the fact is that all the oligarchs are doing worse with the current US foreign policy than they would be if Trump had been making deals.
Imagine their revulsion!
I don't expect Bobby Jr. but somebody who will have the authority to make deals seems necessary, even/especially for the owners.
The VP (as in LBJ and Truman) is their insurance policy against the POTUS. A VP like DeSantis or Tulsi Gabbard would mean a capitulation by the current owners. A VP like Pence was a standard insurance-policy for them.
I do hope you are right. To think the whole bunch of them are controlled and that the Rothschilds/Rockefellers of this world are behind both sides, is just too depressing. If they are running things, that would mean the US Foreign Policy is meant to bring in the New World Order and a One World Governance System. It is meant to bring down the US to the same level as other countries such as China. Figures who are popular with the electorate are important to give them hope and to keep them in line. But, there may be elements within the US who are against such plans and will tell them to stick their Great Reset where the sun don't shine. Whether they can buy Trump, I don't know as I expect he would agree to work for them given the opportunity!
It's hard to tell about Trump. He seems to be his own man, and likes to make deals.
RFK Jr. expresses his spiritual focus late in this speech in New Hampshire.
https://robertfkennedyjr.substack.com/p/rfk-jr-new-hampshire-institute-politics-speech
I believe it is true, because I do the same.
Interssting, thank you. Might also be of interest to see this very recent article, where the brilliant Michael Hudson details more about SVB collapse and why the US banking crisis is not over
https://geopoliticaleconomy.com/2023/03/13/michael-hudson-us-bank-crisis/
A barrel of oil is worth over 20,000 hours of human labor. So what is the price point that breaks the economic system as it is?
Hi Jenny,
You are getting younger by the day!
Very interesting read. Hope the doc wins the case. A German doctor did a similar thing but involved postage. There was a fee for that and I can't remember all facts now but she was found guilty on some technicality. What was harsh was she got a custodial sentence. Scapegoat to warn others, no doubt.