Be Like Vinnie,
Be Like Vinnie, Skeptisism is fair enough but a good old dose of Cynicism is very much the Order of the day.
Sure there are Unknown unknowns, Mc Millans events dear boy, events. That is not what we have seen since 2008, The two most significant events have been the Brexit referendum Result followed by the Trump Lection Result later that year, Subsequent Elections, In France, Netherlands, and Sweden all produced as you were results for the Establishment but the Euro elections portend to a Governance issue and Edmund Burkes Words can usefully apply to the situation Across the Washington Consensus,
“The people have no interest in disorder. When they do wrong, it is their error, and not their crime. But with the governing part of the State it is far otherwise. They certainly may act ill by design, as well as by mistake. “Les révolutions qui arrivent dans les grands états ne sont point un effect du hasard, ni du caprice des peuples. Rien ne révolte les grands d’un royaume comme un Gouvernoment foible et dérangé. Pour la populace, ce n’est jamais par envie d’attaquer qu’elle se soulève, mais par impatience de souffrir.” These are the words of a great man, of a Minister of State, and a zealous assertor of Monarchy. They are applied to the system of favouritism which was adopted by Henry the Third of France, and to the dreadful consequences it produced. What he says of revolutions is equally true of all great disturbances. If this presumption in favour of the subjects against the trustees of power be not the more probable, I am sure it is the more comfortable speculation, because it is more easy to change an Administration than to reform a people.”
Burke These present discontents,
The 2008 Debacle founded in Greed and Hubris of the Unregulated financial “Masters of the Universe” has seen the post ante decade compound errors rather than Interest as it were.
This useful guide would serve our memory refreshment requirement at this point.
and this from Corporate watch.
China is not Japan, Japan is ostensibly controlled still by the Federal Reserve as is ultimately the ECB, China Trades with The Washington consensus and has benefited from offshoring / outsourcing of manufacturers from the Washington consensus but the Chinese have remained detached from the Alpha Grough BIS system and indeed the Chairman of the Peoples Bank of the Chinese republic wrote this paper regarding replacement of the petrodollar,
Zhou Xiaochuan: Reform the international monetary system
Essay by Dr Zhou Xiaochuan, Governor of the People’s Bank of China, 23 March 2009.
Similarly, in Russia, similar lessons were learnt from the liberalisation under Yeltsin,
newspaper “Chas pik”, May 6, 2004
Iran and Syria curiously remain outside of Alpha group BIS control as well.
The ECOE of energy is a very important part of the Equation for the required Paradigm shift should Peak oil be real? To be clear I do think Peak oil is real and Peak Hydrocarbons may also be real, there remains a part of my mind open though to Abiogenic theories, not least because the Pharma Industry has suppressed bacterial phages medicine in the west since the 1920s and I am far from convinced that Hydro Carbons are Fossil Fuels, Fossil fuels are an Inductive theory as it applies to both Steam Coals and Crude oil, and Skeptisism needs a little help from the cynicism engendered by a thoroughly complete contempt for the Kakistocratic Corporate and State Bueracratic political institutions that have only got worse and worse in the past 40 years which has accelerated since NAFTA and Maastricht.
So as I say be like Vinnie this is as Edmund Burke says above,
“because it is more easy to change an Administration than to reform a people.”
A CONVERGENCE OF STRESS-LINES
If you’ve been following our discussions here for any length of time, you’ll know that the main focus now is on the need for energy transition. This is a challenge made imperative, not just by environmental considerations but, just as compellingly, by the grim outlook for an economy which continues to rely on energy sources – oil, gas and coal – whose own economics are deteriorating rapidly.
These, of course, are long-term themes (though that’s no excuse for the gulf between official and corporate rhetoric and delivery). But the short term matters, too, and an increasing number of market participants and observers have started to notice that a series of significant stress-lines are converging on the months of September and October, much as railway lines converge on Charing Cross station.
The context, as it’s understood from an energy economics perspective, is that a fracture in the…
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