This Blog has aged incredibly well Anthony, prescient one might say!
Regarding Gold and a Gold Standard, my own view is that the Central Bank Balance sheet expansions relative to the commercial banks signal a shift to Differential accumulation by the consolidation of Banking and SDRs based upon Carbon Credits.
I did a review of Climate Crisis Economics yesterday after its Author Stuart Mackintosh ( Executive Director of the Group of Thirty) published this article in Project Syndicate.
If you look at the BIS Green Swan report and consider other of the Antihuman publishing mafia
including Carey Kings The Economic superorganism.
The Economic Superorganism: Review and criticism. Close but no Cigar.
We remain I think on the Course charted by Al Gore in the Global Marshall Plan
Global Marshall Plan: Five strategic goals “In my view, five strategic goals must direct and inform our efforts to save the global environment”:
1. stabilizing of the world population
2. the rapid development of environmentally appropriate technologies
3. a comprehensive change in the economic “rules of the road” by which we measure the impact of
4. our decisions on the environment
5. negotiation & approval of a new generation of international agreements
This comment on the Mackintosh project syndicate article is I think over the target.
Jan 27, 2022
Who is paying the higher cost of energy ? Africa and in particular sub-Sahara Africa needs massive upgrade of its energy infrastructure. It’s hydel-power potential is barely used. But the global activists won’t allow funding for dams – the dams which can create massive irrigation potential and clean cheap hydro power.
International finance won’t aid dams / won’t aid coal fired power plants but give loan only for solar and wind mills. These are expensive and need massive subsidies. The power is barely affordable by the poor who need it the most.
Boy Scout NGOs come out with pea brained solutions of using hole in the roof water bottles with sodium chemicals to generate poor quality lights.
Poor farmers and villagers need steady and regular supply, not the dilute form of instead unreliable solar energy. If you have not read about disastrous experiment at Dharnai – please read it here – https://www.scientificamerican.com/article/coal-trumps-solar-in-india/
Presently there is a manufactured Peak Oil ( more precisely Plateau Oil)
Piigs Ignorance, Peak Oil Primitivism and The Road Out of Serfdom
My own view is that By Controlling Carbon Credit Markets , Central banks will control the Hydro Carbon markets by allowing Renewables to act as the swing producer for energy demands in Economies according to the Population reduction programs allocated to various Franchised territories. Effectively the already political pricing of Hydrocarbons will see a transfer of the reigns to the World Central bank through carbon credits.
I have been calling it de facto Bi-oilism
Defacto Bi-oilism. Petro/CarbonDollar Standard. The Burning Platform, Seeking Alpha and British Interests in Ukraine? A failure to deal with Abundance. Watching the Wheels.
in a nod to bi-metalism.
What I think is actually playing out is a sort of Bi-materialism where Hydro Carbon production will determine the quantity of the means of exchange (silver) and Real Estate will perform the function of Gold.
This blog on Victor etimovs Energy Rouble idea
In Quest of National Idea: “Energy Ruble” Bound To Be the Hardest Currency. Victor Efimov newspaper “Chas pik”, May 6, 2004
A practical example of external influences on domestic access to resources. Manipulation of energy prices through swing production through marginal “renewables” and carbon credits “Carbon Currency end game” on possible intended consequence of Energy policy Hari Kari.
and this renegade economist interview with Michael Hudson deal with aspects of where the Russian Federation and the PRC fit into all of this
Renegade Inc | China’s Fortune Cookie Crumbles
Trump Doles Out Another $4 Trillion To Wall Street
by Anthony Migchels on August 31, 2020
https://realcurrencies.wordpress.com/2020/08/31/trump-doles-out-another-4-trillion-to-wall-street/ ( Link not working ) seems to have been deleted from the site?
It Don’t mean a thing if it ain’t got that Swing . Tides of the Petrodollar Moon.
Still About Oil . ‘Weapondollar-Petrodollar Coalition’ . Differential Accumulation, When Big Energy and Big Data Collide.
The key fact in the new development of plutocracy is that it will use its own blunder as an excuse for further crimes. Everywhere the very completeness of the impoverishment will be made a reason for the enslavement; though the men who impoverished were the same who enslaved. It is as if a highwayman not only took away a gentleman’s horse and all his money, but then handed him over to the police for tramping without visible means of subsistence. And the most monstrous feature in this enormous meanness may be noted in the plutocratic appeal to science, or, rather, to the pseudo-science that they call Eugenics.
UTOPIA OF USURERS AND OTHER ESSAYSBy Gilbert Keith Chesterton
Looking for a new game to play? I recommend you drop Monopoly and dive into Pandemic (great for age 8 upwards). What's more it will equip you with the very 21st century skill of collaboration. The world needs a little bit more of that… pic.twitter.com/rU0Ptr9Dyx
— Kate Raworth (@KateRaworth) February 13, 2019
AN INCONVENIENT TRUTH…OR CONVENIENT FICTION?
Distinction Rebellion, Settled Seance and Psuedo Climastrology
4 thoughts on “Who is paying the higher cost of energy ? Turning up the Differential Accumulation heat.”