My an awful lot from your side of the pond! My general sense is that the US has a bad cold and the rest will become much sicker. The world (except for our Chinese friends who have other worries) seems captured by a fake green ideology that has decided to abandon most fuels in favor of new energy that simply isn't ready yet and may never be ready. The Russian games added to the idiocy but they are managing to discover the huge military resource waste happening that they can ill afford to replace; they are now reduced to using A-A missiles to shoot at pointless apartments. A bit of collective insanity by a world of incompetent leaders who were afraid to balance the economy against a scary pandemic that wasn't so scary. Who knew that nearly every supply chain would be decimated and that throwing money at problems doesn't fix the problem. Not so suddenly the energy crisis arrives because of policy decisions made ~ 8 years ago called ESG. Seemed like a good idea at the time but reduced continued investment in the things we now need. Great forecasting by our financial masters that pushed earnings to the front but killing the back end. Maybe back on track by 26?
Yes HH we are facing a mega recession here in UK, which of course, like Japan is a shitty little island with few resources when measured against giants like USA and Russia/China. We had no business to even think about ruling the world let alone creating an empire upon which the sun never set. Now we are paying the price. I won't go into all the reasons why or how, but if you have a spare hour of so then this video puts Britain into context:
I don't think we are going to see a global recovery until we are able to re-engineer the global financial system, our dysfunctional economics and the West is able to peacefully accommodate a multipolar world. If you have another spare hour, this is why: https://www.youtube.com/watch?v=5WPB2u8EzL8
I have many readers in USA through my connection with Admin (Jim Quinn) in PA at his website: https://www.theburningplatform.com/author/austrian-peter/ This has additional financial weekly reports which I don't post to my Stack and also acts as an archive for all my writings since around 2018 when I serialised the first edition of my book here.
Where are you in USA? Have a look a some of the comments - the TBPers are mostly red-neck Republicans with very certain ideas and views. I have learned so much from them over the years and is where 'm' resides who I quoted this week.
Great to have you on board and thanks so much for commenting and showing an interest in my scribbles :-)
Have yet to observe the banking stuff. Sid Smith's videos are useful. I do happen to believe technology will arrive to help save us again. I'm invested in some Vanadium battery stuff that may power our homes someday and think solar furnaces may help produce hydrogen. Not to say we know how to safely use it yet. And I see promise in factory nuclear modules that can power a neighborhood for 20 years - about the size of a refrigerator, dig a hole and wire it up. But Smith's notes about the growing disconnect between finance and material economy rings true.
I'm descended from red-necks, now living in NM, a one-party state like CA. We do have a lot of technology creators who rarely stay once they invent the next big thing. The state is horribly poor but my costs are low. Nothing like my time in London in Clapham South where rent was horrible. At least I could walk a mile to collect daily needs, at least my late wife could. I of course had to work near Victoria and enjoy the daily rush in and out.
Sad thing about the United Kingdom just to tell ya the truth is it is neither united nor is it a kingdom.
Now Ireland, a place named after an island ought just unite and separate itself from a false kingdom never united in the first place.
After that Scotland gets independence next.
The UK, just like the EU, just like my home country makes me sad to say, is "toast" because there ain't no hegemony in the world anymore. The UK and the EU get the lesson first and it will happen this winter I suspect.
Holy Moly, tis an exciting time to be alive.
May grace be on your side and the wind be at your back.
Ah yes BK - secession; I am all for that but the ruling elite, who seek control through bigger and bigger government bureaucratic institutions, will fight tooth and nail to keep their ever-expanding rules and diktats against the wishes of the people. and demand compliance. And this is their Achilles heal - we can withdraw consent, refuse to comply and build our own smaller local economies.
Our group here in SW England are in the process of doing this now and our government even have a report recommending it to be smaller - but of course they buried it in the morass of their files - an interesting read:
My an awful lot from your side of the pond! My general sense is that the US has a bad cold and the rest will become much sicker. The world (except for our Chinese friends who have other worries) seems captured by a fake green ideology that has decided to abandon most fuels in favor of new energy that simply isn't ready yet and may never be ready. The Russian games added to the idiocy but they are managing to discover the huge military resource waste happening that they can ill afford to replace; they are now reduced to using A-A missiles to shoot at pointless apartments. A bit of collective insanity by a world of incompetent leaders who were afraid to balance the economy against a scary pandemic that wasn't so scary. Who knew that nearly every supply chain would be decimated and that throwing money at problems doesn't fix the problem. Not so suddenly the energy crisis arrives because of policy decisions made ~ 8 years ago called ESG. Seemed like a good idea at the time but reduced continued investment in the things we now need. Great forecasting by our financial masters that pushed earnings to the front but killing the back end. Maybe back on track by 26?
Yes HH we are facing a mega recession here in UK, which of course, like Japan is a shitty little island with few resources when measured against giants like USA and Russia/China. We had no business to even think about ruling the world let alone creating an empire upon which the sun never set. Now we are paying the price. I won't go into all the reasons why or how, but if you have a spare hour of so then this video puts Britain into context:
https://www.youtube.com/watch?v=np_ylvc8Zj8
I don't think we are going to see a global recovery until we are able to re-engineer the global financial system, our dysfunctional economics and the West is able to peacefully accommodate a multipolar world. If you have another spare hour, this is why: https://www.youtube.com/watch?v=5WPB2u8EzL8
I have many readers in USA through my connection with Admin (Jim Quinn) in PA at his website: https://www.theburningplatform.com/author/austrian-peter/ This has additional financial weekly reports which I don't post to my Stack and also acts as an archive for all my writings since around 2018 when I serialised the first edition of my book here.
Where are you in USA? Have a look a some of the comments - the TBPers are mostly red-neck Republicans with very certain ideas and views. I have learned so much from them over the years and is where 'm' resides who I quoted this week.
Great to have you on board and thanks so much for commenting and showing an interest in my scribbles :-)
Have yet to observe the banking stuff. Sid Smith's videos are useful. I do happen to believe technology will arrive to help save us again. I'm invested in some Vanadium battery stuff that may power our homes someday and think solar furnaces may help produce hydrogen. Not to say we know how to safely use it yet. And I see promise in factory nuclear modules that can power a neighborhood for 20 years - about the size of a refrigerator, dig a hole and wire it up. But Smith's notes about the growing disconnect between finance and material economy rings true.
I'm descended from red-necks, now living in NM, a one-party state like CA. We do have a lot of technology creators who rarely stay once they invent the next big thing. The state is horribly poor but my costs are low. Nothing like my time in London in Clapham South where rent was horrible. At least I could walk a mile to collect daily needs, at least my late wife could. I of course had to work near Victoria and enjoy the daily rush in and out.
Sad thing about the United Kingdom just to tell ya the truth is it is neither united nor is it a kingdom.
Now Ireland, a place named after an island ought just unite and separate itself from a false kingdom never united in the first place.
After that Scotland gets independence next.
The UK, just like the EU, just like my home country makes me sad to say, is "toast" because there ain't no hegemony in the world anymore. The UK and the EU get the lesson first and it will happen this winter I suspect.
Holy Moly, tis an exciting time to be alive.
May grace be on your side and the wind be at your back.
BK
Many thanks for your good wishes and as a life-long yachtsman I always love running down wind! May your God walk with you.
Ah yes BK - secession; I am all for that but the ruling elite, who seek control through bigger and bigger government bureaucratic institutions, will fight tooth and nail to keep their ever-expanding rules and diktats against the wishes of the people. and demand compliance. And this is their Achilles heal - we can withdraw consent, refuse to comply and build our own smaller local economies.
Our group here in SW England are in the process of doing this now and our government even have a report recommending it to be smaller - but of course they buried it in the morass of their files - an interesting read:
https://committees.parliament.uk/writtenevidence/2791/pdf/