Oct 11, 2022Liked by NE - nakedemperor.substack.com
Well, I guess ordering Marmite from Tesco now for overseas delivery will be worth the postal charges.
Laughing not to cry. Everything happening now is happening to my lifelong friends. If ever there was a time to wish for justice for the innocent and judgment for the guilty.
Oct 12, 2022Liked by NE - nakedemperor.substack.com
They've been kicking the debt can down the road for decades; we're now at the end of that road, and the ultra-wealthy who depend on that can continuing down the road don't know what to do.
Oct 12, 2022Liked by NE - nakedemperor.substack.com
Nicely stated... and yes -- this is just the next phase of the GFC which kicked off in 2007.
For the big picture I highly recommend this analysis from Tim Morgan who was head of research at a global energy trading firm:
THE PERFECT STORM
The economy is a surplus energy equation, not a monetary one, and growth in output (and in the global population) since the Industrial Revolution has resulted from the harnessing of ever-greater quantities of energy. But the critical relationship between energy production and the energy cost of extraction is now deteriorating so rapidly that the economy as we have known it for more than two centuries is beginning to unravel
Oct 12, 2022Liked by NE - nakedemperor.substack.com
Results matter more than intentions. Yet our society refuses to hold leadership to the only standard leaders should be held to: their effectiveness (which is measured in results). Why do so many policies exist that continuously have bad results?
This problem is easily solvable. We need to be a results-driven society once again. Intentions irrelevant, we need to demand results with receipts.
Oct 12, 2022Liked by NE - nakedemperor.substack.com
Long view... All money is just an emotion, a belief system.
The truth is people work so hard to make things for each other from wheat to quantum computing lasers.
The impact of the internet and technology is still having an outsized effect. People can give goods and services like never before. The hockey stick of the 1000 year economy.
Personally I don't see it slowing down. Any reversal will be strictly temporary.
Have always linked financial news. The sad part of it is, most sheeple don't pay attention to it. They will read all the covid links which is fine, but most don't realize that the finacial side of the "Big Picture" is much more important!!!!!
Oct 12, 2022·edited Oct 12, 2022Liked by NE - nakedemperor.substack.com
It may be that the drastic BofE action is the right thing, something has to change that's for sure. The current money printing and artificially low interest rates (current debt is not so much eye watering as almost unimaginable) have to stop sometime unless there's another narrative at play and the idea is to collapse global financial systems intentionally .... in order to "reset" the system and usher in CBDCs perhaps?
Oct 12, 2022·edited Oct 12, 2022Liked by NE - nakedemperor.substack.com
When you are the person who prints the money and you use that money to “buy” something intangible like government bonds which are in effect “futures” funded on the back of the peoples wealth you are in effect just kicking the can down the road with money you have just printed into existence 🤡🤡🤡🤡🤡
It’s like owning a sweetshop and buying you own sweets and putting them in the larder for later
Gee, with the events of the past 2 1/2 years it’s almost like this whole thing has been planned....
I put this up FA Hayk Road to Serfdom 2, https://gailhonadle.substack.com/p/fa-hyek-road-to-serfdom-2
There are more Links in the comments, one is on the UK
It's hard to plan when government meddles in markets.
Well, I guess ordering Marmite from Tesco now for overseas delivery will be worth the postal charges.
Laughing not to cry. Everything happening now is happening to my lifelong friends. If ever there was a time to wish for justice for the innocent and judgment for the guilty.
They've been kicking the debt can down the road for decades; we're now at the end of that road, and the ultra-wealthy who depend on that can continuing down the road don't know what to do.
Nicely stated... and yes -- this is just the next phase of the GFC which kicked off in 2007.
For the big picture I highly recommend this analysis from Tim Morgan who was head of research at a global energy trading firm:
THE PERFECT STORM
The economy is a surplus energy equation, not a monetary one, and growth in output (and in the global population) since the Industrial Revolution has resulted from the harnessing of ever-greater quantities of energy. But the critical relationship between energy production and the energy cost of extraction is now deteriorating so rapidly that the economy as we have known it for more than two centuries is beginning to unravel
https://ftalphaville-cdn.ft.com/wp-content/uploads/2013/01/Perfect-Storm-LR.pdf
Results matter more than intentions. Yet our society refuses to hold leadership to the only standard leaders should be held to: their effectiveness (which is measured in results). Why do so many policies exist that continuously have bad results?
This problem is easily solvable. We need to be a results-driven society once again. Intentions irrelevant, we need to demand results with receipts.
https://joshketry.substack.com/p/we-should-value-results-more-than?r=7oa9d&utm_campaign=post&utm_medium=web
Long view... All money is just an emotion, a belief system.
The truth is people work so hard to make things for each other from wheat to quantum computing lasers.
The impact of the internet and technology is still having an outsized effect. People can give goods and services like never before. The hockey stick of the 1000 year economy.
Personally I don't see it slowing down. Any reversal will be strictly temporary.
Even though it's a tired comparison, I would say we've become Weimar but that was just one country and not the whole world all at once.
I fully expected sales of hockey padding and Matt black spray paint to skyrocket, but there won't be any V8 interceptors.
Are they expecting ... the Bossche Mutation soon?
https://twitter.com/disclosetv/status/1579919049676713984
Just as the global economy implodes?
Good article. Will be linking tomorrow @https://nothingnewunderthesun2016.com/
Have always linked financial news. The sad part of it is, most sheeple don't pay attention to it. They will read all the covid links which is fine, but most don't realize that the finacial side of the "Big Picture" is much more important!!!!!
"A risk to financial stability"
Unlike the vast and endless money printing the BoE and government's of any colour have been engaged in. That's all fine and dandy.
It may be that the drastic BofE action is the right thing, something has to change that's for sure. The current money printing and artificially low interest rates (current debt is not so much eye watering as almost unimaginable) have to stop sometime unless there's another narrative at play and the idea is to collapse global financial systems intentionally .... in order to "reset" the system and usher in CBDCs perhaps?
When you are the person who prints the money and you use that money to “buy” something intangible like government bonds which are in effect “futures” funded on the back of the peoples wealth you are in effect just kicking the can down the road with money you have just printed into existence 🤡🤡🤡🤡🤡
It’s like owning a sweetshop and buying you own sweets and putting them in the larder for later
It's the 1920s all over again.
“Initially, UK bond prices dropped on the BoE’s intervention but that didn’t last long and they quickly reversed direction.”
You mean bond yields dropped ( not prices)