The Energy Market and Its Impact on Money Supply: An Analytical Exploration

A World Restored Metternich, Castlereagh and the Problem of Peace, 1812-1822,

The Energy Market and Its Impact on Money Supply: An Analytical Exploration

Proposition

The relationship between the energy market and the money supply is complex and multifaceted. This article posits that the dynamics of energy production and distribution significantly influence monetary policy, economic stability, and overall financial health. The following premises will guide our exploration:

1. Electricity Base Load Production: The production of electricity, particularly from coal, natural gas, and liquefied petroleum gas (LPG), serves as a critical foundation for economic activity and, consequently, the money supply.

2. Crude Oil Production and Refinery Capacities: The volume of crude oil production and refining capacity significantly affects economic output. This is more crucial than the price per barrel, as it directly impacts energy availability and costs across the economy.

3. Swing Production Dynamics: The ability to ramp up or down production from shale or capped fields is essential for managing market fluctuations and influences marginal pricing strategies among producers like OPEC and U.S. shale operators.

4. Gas and Coal Production: These energy sources are equally important as they provide alternatives and stabilizers in the energy market.

5. Political Bottlenecks: Sanctions on oil-producing nations like Venezuela and Iran create significant disruptions in supply, exacerbating potential crises in the global oil market.

6. Geo-Political Factors: Decisions influenced by political agendas, such as the Green New Deal, can lead to self-inflicted economic challenges, particularly concerning energy pipeline projects.

7. Debt and Money Velocity: The velocity of money and overall money supply are heavily influenced by consumer, corporate, and sovereign debt levels, particularly as they relate to energy consumption and growth.

Analysis through the Lens of the Trilemma

The economic implications of these premises can be further examined through the framework of the "impossible trinity," or trilemma, articulated in John Maynard Keynes' critiques and echoed in Churchill's correspondence regarding the gold standard. This trilemma posits that a nation cannot simultaneously maintain a fixed foreign exchange rate, free capital movement, and an independent monetary policy.

The Gold Standard and Its Implications

Churchill's letter to the Treasury reflects the delicate balance between maintaining monetary stability and addressing the realities of economic pressures. The restoration of the gold standard at a high parity, as Keynes warned, would likely lead to unemployment and industrial strife. The historical context of this debate highlights the inherent instability in rigid monetary policies, especially when external shocks—such as those from the energy market—occur.

Kissinger's reflections on the diplomatic efforts of Metternich and Castlereagh during the Congress of Vienna illustrate the necessity of flexibility in policy-making to adapt to changing geopolitical landscapes. Just as Metternich sought to prevent revolutions through a coalition of conservative powers, modern policymakers must navigate the complexities of energy markets and their intersections with monetary policy.

The Energy Market as a Modern Trilemma

In the current context, the energy market presents a modern trilemma where nations must balance:

1. Energy Independence: Achieving self-sufficiency in energy production while managing global supply chains and geopolitical tensions.

2. Monetary Policy Autonomy: Maintaining control over domestic monetary policy in the face of external energy price shocks and inflationary pressures.

3. Capital Mobility: Encouraging investment in energy infrastructure while ensuring that capital flows do not destabilize national economies.

The PetroDollar standard, which emerged as a de facto economic model, illustrates the complexities of this trilemma. As Saudi Arabia's role as a swing producer impacts global oil prices, the U.S. dollar's value and the broader money supply are influenced, leading to potential devaluation through increased inflationary pressures.

The New Oil Shock: A Historical Perspective

The historical context of oil production reveals patterns that resonate with current challenges. In January 2005, Saudi Arabia's significant increase in rig counts did not proportionately translate into higher production—a phenomenon indicative of the plateau oil concept. This scenario reflects the limits of swing production capabilities, suggesting that without adequate capacity to meet demand, the market may face severe inflationary pressures.

As we confront a new oil shock, characterized by rising energy prices and geopolitical instability, the implications for money supply and economic health are profound. The notion of creating abundance through scarcity, as articulated in the current discourse, underscores the paradox of modern economies that rely on energy markets.

The Role of Debt in Energy Economics

The interplay between energy use growth and debt levels cannot be overstated. The velocity of money, which is crucial for economic growth, is hindered by high levels of consumer, corporate, and sovereign debt. As energy costs rise, the burden of debt becomes more pronounced, leading to reduced spending and investment in productive capacities.

The Impact of Political Decisions on Energy Supply

Political decisions, such as sanctions on Venezuela and Iran, serve as bottlenecks that exacerbate supply challenges in the oil market. These actions can be viewed as self-inflicted wounds that complicate the already intricate dynamics of global energy supply. The ramifications of such decisions extend beyond immediate geopolitical concerns, influencing monetary policy and economic stability.

The Green New Deal and Self-Inflicted Economic Challenges

The Green New Deal and similar initiatives reflect a broader political economy that often prioritizes ideological goals over pragmatic economic considerations. The push for renewable energy sources and the transition away from fossil fuels can result in unintended consequences, particularly when existing energy infrastructures are disrupted without viable alternatives in place.

Conclusion: Navigating the Future of Energy and Money Supply

In conclusion, the relationship between the energy market and the money supply is characterized by a complex interplay of economic, political, and social factors. The premises outlined in this analysis highlight the critical variables that influence monetary policy and economic stability.

As we navigate the challenges of the modern energy landscape, policymakers must remain cognizant of the lessons from history, particularly the need for flexibility and adaptability in economic strategies. The trilemma framework serves as a valuable tool for understanding the constraints and opportunities that lie ahead.

In the words of Kissinger, the moral act of statesmanship requires a nuanced understanding of both the material conditions and the goals at stake. As we confront the realities of a shifting energy market, it is imperative that we strive for a balanced approach that promotes economic stability while addressing the pressing challenges of our time.

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References:

• Kissinger, Henry. A World Restored: Metternich, Castlereagh and the Problems of Peace, 1812-1822. 1957.

• Keynes, John Maynard. Various writings on monetary policy and the gold standard.

• Churchill, Winston. Letters and speeches regarding economic policy and the gold standard.

PART 2.

12Log2-8, Axelrod,Nowack & Goodwill Hunting

Thu, Jan 6, 9:25 AM
I have been getting my head further around The Energy Market and how it affects the money supply

I think the priority variables are:

1. Electricity Base Load production, Coal and Natural Gas, and LPG products?
2. Crude Oil Production and Refinery capacities, Volumes of production are more important than the price per barrel
3. Swing Production from Shale or Capped and ready to go existing discoveries, Very important to who has upper hand
on Marginal pricing on swing production, Texas Rail Road, OPEC, US Shale production?
4. Gas Production and Coal production are probably equal with 3 or interchangeable with 3.
5. Venezuelan and Iranian supply disruption through Sanctions is a political bottleneck to an otherwise trivial supply problem
in the Oil Market.
6. Geo-Political and Green New Deal political economy choices vis Gas Pipe Lines are again self-inflicted own goals?
Why?
7. Money Velocity and Money Supply related to energy use growth are being severely impacted by levels of Consumer, Corporate and Sovereign debt.

https://longhairedmusings.wordpress.com/?s=integral+money

Is the Dollar being devalued by stealth. That old trilemma. The economic consequences of President Trump. Voice over reading, added

The Flack is thickest over the target.

And so we find ourselves in this curious position where everything is going direct, yet nothing seems to arrive. Where we have created abundance through scarcity, and scarcity through abundance. Where the very tools designed to democratize finance have instead created a new feudalism, all the more perfect for being digital.

The Gold Standard was replaced by a Defacto

Bi-oilism.

The PetroDollar Standard, with Saudi oil production being a swing producer to facilitate inflation of the currency.

In January 2005, Saudi Arabia increased its number of operating rig count by 144%, to increase oilproduction by only 6.5%. This suggests that the market swing producer (as Saudi Arabia was seen) wasnot able increase production enough to meet increasing demand.

Plateau Oil. A variation on the idea of peak oil. AT Plateaux production no swing capacity in Oil Supply is similar to demonetizing Silver giving a defacto PetroDollar Standard which is inherently deflationary.

QED, Welcome to the new Oil Shock.

Certainly! Below is a comparative analysis of "The Age of Uncertainty" and "Bilderberg - O Filme" by Daniel Estulin, framed in the style of G.K. Chesterton. This analysis will also touch on themes from Henry Kissinger’s "A World Restored" and its implications for modern governance and diplomacy.

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Comparing "The Age of Uncertainty" and "Bilderberg - O Filme"

As I delve into the contrasting narratives of "The Age of Uncertainty" and "Bilderberg - O Filme," I find myself grappling with the intricate tapestry of power, secrecy, and the human condition. Both works present a profound exploration of the forces that shape our world, yet they diverge sharply in their perspectives and implications.

The Age of Uncertainty: A Collective Dialogue

In "The Age of Uncertainty," we are drawn into a gathering of world leaders, where the air is thick with the weight of collective responsibility. This film encapsulates a moment in history where dialogue is deemed essential—a gathering on a Vermont farm where leaders deliberate over education, economic development, and international relations. The emphasis here is on collaboration and the hope for a better tomorrow, a Utopian vision where peace and progress are achievable through open discourse.

• Collective Responsibility: The leaders, despite their diverse backgrounds, share a common goal: to address global challenges. Their discussions reflect a belief in the power of human agency and the potential for reform through cooperation.

• Optimism Amidst Uncertainty: The film captures a sense of cautious optimism, suggesting that through dialogue, societies can navigate the tumultuous waters of uncertainty and emerge stronger.

Bilderberg - O Filme: The Shadows of Power

Conversely, "Bilderberg - O Filme" by Daniel Estulin unveils a more sinister narrative—the secretive machinations of the Bilderberg Group. This documentary paints a picture of an elite cabal manipulating global events from the shadows, where decisions are made behind closed doors, far removed from the public eye.

• Secrecy and Control: Estulin’s work reveals a world where power dynamics are dictated not by democratic processes but by corporate interests and elite agendas. The Bilderberg Group is portrayed as a puppet master, orchestrating global events while the masses remain blissfully unaware.

• Cynicism Towards Governance: Unlike the hopeful discourse of "The Age of Uncertainty," Estulin’s narrative fosters a sense of skepticism towards the very institutions meant to protect democracy. The film argues that deindustrialization, transhumanism, and the erosion of democratic values are not merely byproducts of modernity but deliberate strategies employed by the powerful to maintain control.

The Servile State and the Utopia of Users

Both films resonate with themes explored in Kissinger’s "A World Restored," particularly the tension between power and legitimacy. In Kissinger’s analysis of the Congress of Vienna, he emphasizes the necessity of a stable order—a balance of power that prevents the chaos of revolution. This notion can be juxtaposed against the narratives of "The Age of Uncertainty" and "Bilderberg - O Filme."

• The Servile State: In "Bilderberg," we witness the emergence of a servile state, where individuals are reduced to mere cogs in a machine designed to serve elite interests. This contrasts sharply with the idealistic vision presented in "The Age of Uncertainty," where individuals are empowered to shape their destinies through collective action.

• Utopia of Users: The concept of a Utopia of Users emerges as a critique of both films. While "The Age of Uncertainty" seeks to inspire a collaborative Utopia, "Bilderberg" warns of a dystopian future where users are manipulated by unseen hands, their agency stripped away by those who wield power in secret.

Kissinger’s Analysis: The Balance of Power

Kissinger’s reflections on the Congress of Vienna provide a historical lens through which we can analyze the current state of global affairs. He argues that stability arises not from the pursuit of peace at all costs but from a recognition of the realities of power.

• Legitimacy vs. Idealism: Kissinger’s emphasis on legitimacy as a cornerstone of international relations echoes the concerns raised in "Bilderberg." The film suggests that the erosion of democratic processes leads to a crisis of legitimacy, one that mirrors the historical struggles faced by statesmen like Metternich and Castlereagh.

• The Role of the Statesman: In both films, the role of the statesman is critical. In "The Age of Uncertainty," we see statesmen engaging in dialogue to forge a path forward. In contrast, "Bilderberg" posits that true statesmanship has been supplanted by corporate interests, undermining the very foundations of democracy.

Conclusion: A Reflection on Power and Responsibility

In reflecting on these narratives, I am reminded of the delicate balance between power and responsibility. "The Age of Uncertainty" offers a hopeful vision of collaboration, while "Bilderberg - O Filme" serves as a cautionary tale about the dangers of unchecked power. Together, they underscore the importance of vigilance in governance and the need for a citizenry that remains engaged and informed.

As we navigate this complex landscape, the insights from Kissinger’s historical analysis remind us that while the past may offer lessons, it is the actions of individuals—statesmen and citizens alike—that will ultimately shape our future. In the end, it is not merely the structures of power that define our world, but the choices we make in the face of uncertainty.

---

This comparison synthesizes the themes and arguments of both films, linking them to broader historical and philosophical concepts while reflecting on the implications for contemporary governance and society.

Why Do NATO States Commit “Energy Hara Kiri”? Green Zero Carbon Madness. Industrial Collapse?

FAQ Document

This document is applicable to: product manuals, official website pages, course quizzes, on-site Q&A.

Question 1: What is the "Going Direct" financial strategy?

• Answer: The "Going Direct" financial strategy, introduced by BlackRock, refers to a coordinated approach that combines monetary and fiscal policies to address economic downturns. This strategy aims to facilitate direct financial support to the economy, particularly during crises, but has faced criticism for exacerbating wealth inequality and favoring elite interests.

Question 2: How does the "Going Direct" strategy impact wealth inequality?

• Answer: The strategy has been criticized for reinforcing existing wealth disparities by prioritizing bailouts for financial institutions over direct assistance to ordinary citizens. This approach often leads to a system where the wealthy benefit disproportionately from monetary policies, while the broader population continues to struggle with stagnant incomes and rising costs.

Question 3: What historical context is relevant to the "Going Direct" strategy?

• Answer: The strategy draws parallels with past financial crises, particularly the 2008 bailout, where significant government resources were allocated to stabilize financial institutions rather than addressing the needs of the general populace. This historical backdrop highlights the recurring theme of prioritizing financial elites over systemic reform.

Question 4: What are the main criticisms of the "Going Direct" strategy?

• Answer: Critics argue that the strategy lacks transparency and accountability, blurring the lines between fiscal and monetary policies. It is seen as a temporary fix that fails to address the root causes of economic instability, ultimately perpetuating a cycle of inequality and financial crises.

Question 5: How does the "Going Direct" strategy relate to the concept of artificial scarcity?

• Answer: The strategy is linked to the notion of artificial scarcity, where financial mechanisms create a perception of limited resources despite the potential for abundance. This manipulation of monetary supply can lead to economic distortions, affecting both consumer behavior and market dynamics.

Question 6: What role do central banks play in the "Going Direct" strategy?

• Answer: Central banks are pivotal in implementing the "Going Direct" strategy, as they adjust interest rates and control money supply to influence economic activity. Their actions are crucial in determining the effectiveness of this strategy in stabilizing the economy during downturns.

Question 7: What is the relationship between the "Going Direct" strategy and OPEC's influence on oil prices?

• Answer: The strategy's implications extend to global energy markets, where OPEC's control over oil production can impact inflation and economic stability. Fluctuations in oil prices, influenced by OPEC's decisions, can have cascading effects on the broader economy, complicating the effectiveness of monetary policies.

Question 8: How have past economic crises shaped the current understanding of the "Going Direct" strategy?

• Answer: Previous economic crises, such as the Great Depression and the 2008 financial meltdown, have influenced policymakers' approaches to economic intervention. The lessons learned from these events underscore the importance of addressing systemic issues rather than relying solely on financial bailouts.

Question 9: What alternatives to the "Going Direct" strategy have been proposed?

• Answer: Alternatives include the establishment of complementary currency systems that operate alongside traditional fiat currencies. These systems aim to promote local economies and reduce reliance on centralized monetary policies, fostering resilience and equity in economic structures.

Question 10: What is the potential future of the "Going Direct" strategy?

• Answer: The future of the "Going Direct" strategy remains uncertain, as ongoing discussions about economic reform and wealth redistribution continue to evolve. There is a growing call for policies that prioritize equitable economic growth and address the underlying causes of financial instability, rather than relying on temporary fixes.

Report

Introduction

• The document "Going Direct Paradigm Analysis" examines the current financial system, highlighting its inherent flaws and the misallocation of resources due to existing monetary structures.

• It emphasizes the critical role of banks in money creation and advocates for systemic reforms to create a more equitable and sustainable economic framework.

Section 1: Monetary System Flaws

• The current financial system is primarily based on debt, leading to instability and inequality.

• Money is created by banks through lending, which creates a cycle of debt that can lead to financial crises.

• The document argues that the economic issues faced are more about misallocation and mispricing of credit rather than a lack of resources.

• The concentration of financial power in a few institutions exacerbates these issues.

Section 2: The Role of Central Banking

• Central banks manage the money supply and interest rates but often favor large banks and corporations over local economies.

• Their actions can lead to wealth concentration and economic disparity.

• The establishment of state-level banks could empower local economies and provide a more resilient financial infrastructure.

Section 3: Historical Context

• Historical examples of banking crises illustrate the cyclical nature of financial instability and how similar patterns continue to emerge.

• The document references the Great Depression as a case where local initiatives to address unemployment were resisted by central bankers, underscoring the central planners' vested interest in maintaining control.

Section 4: Call for Monetary Reform

• There is an urgent need to rethink the monetary system to create a more equitable and sustainable economic environment.

• The concept of state sovereign banking is proposed as a solution to address the challenges posed by centralized monetary policies.

• Historical examples, such as the Bank of North Dakota, demonstrate the potential benefits of decentralized financial systems.

Section 5: Philosophical Reflections

• The document includes philosophical insights on the nature of money and its role in society, suggesting that current systems often fail to reflect human values and needs.

• It emphasizes the importance of understanding the design of the monetary system and its impact on user behavior.

Conclusion

• The analysis concludes that the current monetary system is fundamentally flawed and requires a reevaluation to foster economic stability and equity.

• By embracing decentralized banking and exploring alternative monetary systems, we can work towards a more sustainable and prosperous future.

David Malone Green Party Parliamentary Candidate forScarborough and Whitby

September 11, 2016 ·

Progressive Versus Radical. Been thinking about this since the GP Conference. Why are we talking about a progressive alliance and not a Radical one? Does it have any significance? Of course, you could say its just words and it doesn’t mean anything. But in politics choice of words matters and is usually carefully thought through as a way to prepare people to accept one thought and forget another.

To my ears ‘Progressive’ has an American Democrat/ Blairite ring to it. “Progress’ was the name of the Blaire grouping within Labour which pushed the New Labour agenda. In the Blairite world, ‘Progressive’ was part of the vocabulary of leaving old labour behind and making New Labour ‘electable’. Today it is still the Blairites who are the progressives and the Corbynites who are the radicals.

The name ‘Progressive Alliance’ was chosen in 2012 for the formation of an international alliance of ‘progressive’ parties across the world. To give you an idea of its centrist political flavour, the Greek party PASOK (who were and are in favour of the bailouts and austerity) were part of it while Syriza was not.

So it seems to me ‘Progressive’ has a deliberately more centrist feel.

Which seems a little odd given that the main target of our overture for an alliance is a Labour party led by Corbyn. Who one would surely classify as a radical rather than a progressive?

There is something, for me, about seeking a ‘progressive’ alliance which feels slightly off. Are we signalling that we are now a progressive party and pointedly no longer a radical one?

Episode 13 Weekend in Vermont - Part 1 (58:00): Professor Galbraith at his Vermont home with a group of political leaders, discussing the economic state of the world. His guests include Henry Kissinger, Edward Heath, Shirley Williams, Jack Jones and Professor Ralf Dhrendorf. The discussion includes inflation, unemployment, and international economic problems.

Episode 14 Weekend in Vermont - Part 2 (44:42): Professor Galbraith at his Vermont home with a group of political leaders, discussing the economic state of the world. His guests include Henry Kissinger, Edward Heath, Shirley Williams, Jack Jones and Professor Ralf Dhrendorf. The discussion includes inflation, unemployment, and international economic problems.

Episode 15 Weekend in Vermont - Part 3 (53:45): Professor Galbraith at his Vermont home with a group of political leaders, discussing the economic state of the world. His guests include Henry Kissinger, Edward Heath, Shirley Williams, Jack Jones and Professor Ralf Dhrendorf. The discussion includes inflation, unemployment, and international economic problems.

Here’s a detailed summary of Episode 13, 14, and 15 of "Weekend in Vermont: The Age of Uncertainty (1977)":

Episode 13: Weekend in Vermont Part 1

Watch Here

Key Points:

• Introduction to the Gathering (00:03):

  • World leaders convene at a secluded Vermont farm to address pressing global issues.

  • Notable attendees include former British Prime Minister Edward Heath and a Soviet parliament member.

• Societal Changes in the Soviet Union (07:13):

  • Discussion on the desire for consumer goods and peace among Soviet citizens.

  • Critique of capitalist contradictions and the need for better working conditions.

• New Values in Industrial Society (14:30):

  • Emphasis on the monotony of manual labor and its effects on personal fulfillment.

  • Call for a reevaluation of work values and job satisfaction.

• Re-evaluating Education (21:45):

  • Critique of the education system's transition from school to university without practical experience.

  • Proposal for work experience requirements before higher education.

• Challenges for Developing Countries (29:00):

  • Urgency for advanced nations to assist developing countries amidst the Cold War.

  • Critique of ineffective support from the Soviet Union to these nations.

• Complexities of International Aid (36:15):

  • Discussion on the importance of neutrality for developing countries.

  • Critique of multinational corporations and their impact on local economies.

• Economic Disparities (43:31):

  • Call for resource pricing changes to foster global equity.

  • Skepticism about the effectiveness of current economic assistance approaches.

• Political Decision-Making (50:45):

  • Challenges in participatory systems addressing nuclear developments and international relations.

  • Concerns about citizen representation in political decisions.

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Episode 14: Weekend in Vermont Part 2

Watch Here

Key Points:

• Criticism and Participation (00:00):

  • Importance of criticism in decision-making in the US and UK.

  • Challenges individuals face in influencing corporate decisions.

• Changing Dynamics of Authority (05:34):

  • Shift in societal attitudes towards questioning authority.

  • Emphasis on collective experience in work settings.

• Labor Unions and Business (11:09):

  • Concerns about collusion between labor, government, and businesses.

  • Discussion on the representation of non-union workers.

• Public Services and Consumer Rights (16:45):

  • Examination of public services and the role of media in consumer rights.

  • Critique of sensationalism in media coverage affecting public education.

• Media and Foreign Policy (22:20):

  • Role of the media in informing the public about foreign policy complexities.

  • Challenges faced by the press in covering foreign affairs.

• Impact of Media on Government Actions (27:57):

  • Discussion on the relationship between journalism and state secrecy during crises.

  • The press's role in challenging government decisions.

• Government Secrecy and Transparency (33:33):

  • Balance between governmental transparency and confidentiality.

  • Importance of leaders communicating effectively with the public.

• Pentagon Papers and Media Relations (39:07):

  • Discussion on the implications of the Pentagon Papers on public discourse.

  • Recognition of the need for trust between government and citizens.

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Episode 15: Weekend in Vermont Part 3

Watch Here

Key Points:

• Nuclear Diplomacy and Personal Anecdotes (00:03):

  • Blend of leisure conversations and serious discussions on nuclear diplomacy.

• Nuclear Proliferation and Terrorism (06:41):

  • Emphasis on the urgency of addressing nuclear proliferation beyond superpower relations.

• Historical Context of U.S.-Soviet Relations (13:24):

  • Reflection on past U.S. foreign policy and the need for political restraint.

• Arms Negotiations Challenges (20:09):

  • Discussion on difficulties in reaching agreements on new weapon systems.

• Nuclear Technology Proliferation (26:50):

  • Challenges in preventing the spread of nuclear materials for terrorism.

• Preventing Nuclear Accidents (33:33):

  • Need for international cooperation to ensure safety against nuclear incidents.

• Political Control and Global Stability (40:18):

  • Discussion on geopolitical tensions and the necessity for stability in various regions.

• Geopolitical Tensions in Europe (47:03):

  • Concerns over potential Soviet actions in Europe and implications for U.S. responses.

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These summaries encapsulate the essence of discussions held during the Vermont gatherings, highlighting critical global issues, the interplay of politics, and the importance of collaboration among world leaders.

The Economic Consequences on President Trump.

Your Panic of 1837.

Panic of 1837 Money ,

Some omissions worth expanding on.

The BIS , the central bank of Central Banks.

Definition of the unit of account, is money a measure?

An honest measure must be fixed as opposed to rigged.

The Jeffersonian view is per pro Honest money and congressional oversight.

The Hamiltonian view is decidedly elitist, Whig like.

Walter Buriens, a rock thrown in the pond. In the link, rulers of the world, Michael Journal in the link.

What Is a Trilemma?

Trilemma is a term in economic decision-making theory. Unlike a dilemma, which has two solutions, a trilemma offers three equal solutions to a complex problem. A trilemma suggests that countries have three options from which to choose when making fundamental decisions about managing their international monetary policy agreements. However, the options of the trilemma are conflictual because of mutual exclusivity, which makes only one option of the trilemma achievable at a given time.

Trilemma often is synonymous with the "impossible trinity," also called the Mundell-Fleming trilemma. This theory exposes the instability inherent in using the three primary options available to a country when establishing and monitoring its international monetary policy agreements.

Mr Churchills letter to the treasury.

John Maynard Keynes' critique of Britain's return to the gold standard in 1925 provides a profound insight into the economic challenges and consequences of adhering to rigid monetary policies. Below is an analysis of the key points from the excerpt you provided, along with their implications for economic policy.

Key Themes in Keynes' Critique

1. Restoration of the Gold Standard at High Parity

""We must warn you that this latter policy is not easy. It is certain to involve unemployment and industrial disputes. If, as some people think, real wages were already too high a year ago, that is all the worse, because the amount of the necessary wage reductions in terms of money will be all the greater. "The gamble on a rise in gold prices abroad may quite likely succeed. But it is by no means certain, and you must be prepared for the other contingency. If you think that the advantages of the Gold Standard are so significant and so urgent that you are prepared to risk great unpopularity and to take stern administrative action in order to secure them, the course of events will probably be as follows."

Economic Challenges and the 1976 IMF Crisis

The Black Wednesday Crisis

Bilderberg Meeting in Sweden back in 1973.

November 23, 2021. Truth in intensive care. Eye See You. #ICU Busted Flushes and thread bare narratives . WMD’s to IOU’s #TheGreatBailin #OilBlackGold #InducedComa of a New Oil Shock #Bilderberg

Going Direct Isn't working. Some Context.

grubstreetinexile.subst…

Is the Dollar being devalued by stealth. That old trilemma. The economic consequences of President Trump. Voice over reading, added

The Flack is thickest over the target.

And so we find ourselves in this curious position where everything is going direct, yet nothing seems to arrive. Where we have created abundance through scarcity, and scarcity through abundance. Where the very tools designed to democratize finance have instead created a new feudalism, all the more perfect for being digital.

The Gold Standard was replaced by a Defacto

Bi-oilism.

The PetroDollar Standard, with Saudi oil production being a swing producer to facilitate inflation of the currency.

In January 2005, Saudi Arabia increased its number of operating rig count by 144%, to increase oilproduction by only 6.5%. This suggests that the market swing producer (as Saudi Arabia was seen) wasnot able increase production enough to meet increasing demand.

Plateau Oil. A variation on the idea of peak oil. AT Plateaux production no swing capacity in Oil Supply is similar to demonetizing Silver giving a defacto PetroDollar Standard which is inherently deflationary.

QED, Welcome to the new Oil Shock.

BOOM Finance and Economics Substack

Trump’s Tariffcked by US Federal Court - Then Unblocked - Huh? - What Trump Did Not Know About US Court of International Trade - NOT an Emergency caused by Lack of Tariffs - Musk Leaves Trump

Artifical Scarcity? Global primary energy use associated with production, consumption and international trade

Grub Street In Exile

·

May 23

The video discusses the implications of peak oil, energy transitions, and central planning on global economies, highlighting historical contexts, oligarchic control, and the role of technology in societal shifts.

Back to the heart of the western tradition

In philosophy, free will v determinism, Paramenides v Hericlitus, Timonism v cynicism. HAMILTON: Had a noted business-financial bias; believed in original sin—the natural depravity of human beings, therefore strong controls called for; he had authoritarian inclinations and an entrepreneurial spirit. JEFFERSON: He had an agricultural bias; he also believed in human perfectibility and was wedded to ideas of reason and science; he therefore mistrusted government because of his belief in human goodness.“Ceterum censeo Carthaginem esse delendam”, nihil sub sole novum.

Rockerfellers v Rothschilds Aristotelians v Platonists Left V Right . In the Heuristics of Going Direct it’s UP and Down and RIch and Poor not Left and Right.

http://www.williamengdahl.com/books.php

Keeping oil prices high

“Using the evolving and increasingly sophisticated econometric tools, they described and ‘mapped’ the global economy and its total energy requirements well into the future. Having engineered the transformation of the economy of the United States from coal-driven rail to oil-driven transport, the Standard Oil group, their allies at Shell, and what was then called Anglo-Iranian Oil Company (later British Petroleum) became increasingly concerned that their carefully constructed edifice of world oil domination might collapse if too much oil were to suddenly flood the market.

Myths Lies and Oil Wars.

Energy Economics and Artificial Scarcity. Sources.

Artifical Scarcity? Global primary energy use associated with production, consumption and international trade

Grub Street In Exile

·

May 23

Artificial Scarcity

Read full story

Artificial Scarcity

This post is again a place-holder whilst I reflect on the current push towards a Quasi Gold standard around the carbon currency end game and the going direct paradigm. Artifical Scarcity of the monetary unit is substituted by a mythology of artificial scarcity of Energy and Resources. The Monetary unit is arbitrary in the Fiat Money system even one predicated on Gold or indeed carbon , unless that is that a fixed measure of the unit of account is established to measure a real energy value rather than an arbitrary manipulated “Market Price” Thats what this post is for when I read the paper making up the main part of this post in 2017 it offered a window on the real wealth transfers taking place with a Lens of Energy value proxys for international trade.

When the Crisis hit the Fan,or Now that the Guano is hitting the ventaxia Again.

Grub Street In Exile

·

August 8, 2022

Mark Blyth: The Euro – an assessment in the midst of a European war | Q&A with Yanis Varoufakis This discussion is so far off-beam as to be embarrassing. Less of a curate’s egg than a rotten egg. Why? WHEN THE CRISIS HIT THE FAN,OR NOW THAT THE GUANO IS HITTING THE VENTAXIA AGAIN.

The Debt structure is indeed the problem and that is actually very good news.

Money is a creature of human laws and for most of human history the answer to the usury end game was debt Jubilee.

“EROI does not count how quickly a resource pays back.”,

This is a classic time cost of money argument, with the use of many “ capital infrastructures” the value in use is an opportunity cost not a time cost. These distinctions are very important in re designing a monetary system fit for purpose, by known historical standards let alone the sort of system possible with 21st century technology.

Helmuth Kreutz did a great Job on these questions in his book The Money Syndrome .

Henry Carey wrote in the late 19th century criticising free traders, promoting what is known as the American System in opposition to it. Pierro Saffra proved the Chicago School wrong about competition and Monopolies based upon the false mathematics of equilibria. Known as the Cambrige controversy.

Edmund Burke in his speech against the East India company charter pointed out that the name Charter for a coercive monopoly was a misnomer.

At its heart this is a problem of accounting. The accounting system needs to be changed. There are many alternatives but all are offensive to powerfull vested interests.

As the logical flaws in the present system are indefensible , those vested interests will provaricate and dissemble, this is their only strategy as the Coming debate as in previous episodes of the very same problem ends in new arrangements with debt restructuring etc.

Burkes pamphlet on these present discontents points out that when the citizenry are annoyed it is usually for good reason and in such circumstances it is easier to reform the mode and means of governance than it is to reform the people.

Gk Chesterton equipped that the poor only object to being governed badly, the Rich object to being governed at all.

Artificial scarcity of the monetary unit is a choice of those who issue debt/credit instruments this is a destructive choice which leads to the impoverishment of economies to the gain of the issuesrs. This is an abuse of a public commons delegated to public/private partnerships.

We have a missallocation and mispricing of credit problem not a resource problem. The price of the chicken most certainly does not come before the egg.

I am sorry we have run out of kilograms.

“The shelves were full at my supermarket and I picked some ripe tomatoes off the shelves placed them in a brown paper bag and put them on one of those scales with the picture you press and it prints out a tiket of the price which you scan at the check out. I was somewhat alarmed when the Machine gave a stern warning, please replace the item we have run out of kilograms”.

Mr. Burke's speech, on the 1st December 1783: upon the question for the Speaker's leaving the chair, in order for the House to resolve itself into a committee on Mr. Fox's East India Bill.

On the contrary I am certain that every means, effectual to preserve India from oppression, is a guard to pre∣serve the British constitution from its worst cor∣ruption. To shew this, I will consider the ob∣jections, which I think are four.

• 1st. That the bill is an attack on the chartered rights of men.

• 2dly. That it increases the influence of the crown.

• 3dly. That it does not increase, but diminishes, the influence of the crown, in order to pro∣mote the interests of certain ministers and their party.

• 4thly. That it deeply affects the national credit.

As to the first of these objections; I must ob∣serve that the phrase of

"the chartered rights of men,"

is full, of affectation; and very unusual in the discussion of privileges conferred by char∣ters of the present description. But it is not dif∣ficult to discover what end that ambiguous mode of expression, so often reiterated, is meant to answer.

The rights of men, that is to say, the natural rights of mankind, are indeed sacred things; and if any public measure is proved mischievously to affect them, the objection ought to be fatal to that

descriptionPage 6

measure, even if no charter at all could be set up a∣gainst it. If these natural rights are further affirm∣ed and declared by express covenants, if they are clearly defined and secured against chicane, against power, and authority, by written instruments and positive engagements, they are in a still better condition: they partake not only of the sanctity of the object so secured, but of that solemn pub∣lic faith itself, which secures an object of such importance. Indeed this formal recognition, by the sovereign power, of an original right in the subject, can never be subverted, but by rooting up the holding radical principles of government, and even of society itself. The charters, which we call by distinction great, are public instruments of this nature; I mean the charters of King John and King Henry the Third. The things secured by these instruments may, without any deceitful ambiguity, be very fitly called the chartered rights of men.

These charters have made the very name of a charter dear to the heart of every Englishman—But, Sir, there may be, and there are charters, not only different in nature, but formed on principles the very reverse of those of the great charter. Of this kind is the charter of the East India Company. Magna charta is a charter to restrain power, and to destroy monopoly. The East India charter is a charter to establish monopoly, and to create power. Political power and commercial mono∣poly are not the rights of men; and the rights to them derived from charters, it is fallacious and sophistical to call

"the chartered rights of men."

These chartered rights, (to speak of such char∣ters and of their effects in terms of the greatest

descriptionPage 7

possible moderation) do at least suspend the natural rights of mankind at large; and in their very frame and constitution are liable to fall into a direct violation of them.

By these means, in the course of not more than four or five years, this once opulent and flourish∣ing country, which, by the accounts given in the Bengal consultations, yielded more than three crore of Sicca rupees, that is, above three millions ster∣ling, annually, is reduced, as far as I can discover, in a matter purposely involved in the utmost per∣plexity, to less than one million three hundred thousand pounds, and that exacted by every mode of rigour that can be devised. To complete the business, most of the wretched remnants of this revenue are mortgaged, and delivered into the hands of the usurers at Benares (for there alone are to be found some lingering remains of the an∣cient wealth of these regions) at an interest of near thirty per cent. per annum.

The revenues in this manner failing, they seized upon the estates of every person of emi∣nence in the country, and, under the name of resumption, confiscated their property. I wish, Sir, to be understood universally and literally, when I assert, that there is not left one man of property and substance for his rank, in the whole of these provinces, in provinces which are nearly the extent of England and Wales taken together. Not one landholder, not one banker, not one merchant, not one even of those who usually perish last, the ultimum moriens in a ruined state, no one farmer of revenue.

One world, three powers. EU claims Black Sea

The video discusses Trump's vision of a multipolar world with spheres of influence dominated by the US, China, and Russia, explores the EU's militarization plans for the Black Sea, and highlights tensions between Russia and the EU amidst shifting global alliances. Detailed Summary for One world, three powers. EU claims Black Sea by Monica

00:00 The discussion revolves around the concept of a multipolar world where the United States, China, and Russia each maintain their own spheres of influence, as suggested by a recent New York Times article. The speakers reflect on the implications of this arrangement and its feasibility in the current geopolitical climate.

• Introduction to the idea of a multipolar world where major powers dominate their respective spheres.}

• Exploration of Donald Trump's vision for global powers to establish distinct spheres of influence.}

• Discussion on the American sphere of influence, including neighboring countries and strategic regions.}

• Questioning the feasibility of maintaining spheres of influence amidst potential breakdowns in US-Russia relations.}

03:06 The discussion revolves around the shifting spheres of influence in Eastern Europe, particularly regarding the roles of the EU, Russia, and the United States, as well as the implications of these changes for regional stability.

• The importance of Ukraine and its neighboring countries in the context of geopolitical control is emphasized.}

• The speaker reflects on the potential desires of the U.S. administration to focus more on domestic issues rather than European affairs.}

• There is a recognition that the era of a unipolar world is ending, leading to a more multipolar global landscape.}

06:17 The video discusses the geopolitical dynamics involving the EU, the US, and BRICS nations, emphasizing the EU's dependency on the US and the potential implications of a reduced American presence in Europe.

• Introduction of BRICS nations and their influence, particularly China and Russia, in global politics.}

• The EU is characterized as a vassal state of the US, highlighting its complete dependency on American support.}

• Discussion on the potential downgrading of US military presence in Europe and the implications for European nations as they may have to navigate their own affairs.}

• The US is suggested to focus on its natural sphere of influence in North America, indicating a shift in geopolitical priorities.}

09:26 The discussion focuses on the complexities of spheres of influence among major powers, particularly in relation to China, Russia, and India, as well as the implications for regional dynamics in Central Asia and South America.

• Exploration of the potential joint sphere of influence between China and Russia in Central Asia.}

• India's sphere of influence is examined, highlighting the challenges it faces with neighboring countries like Pakistan and Bangladesh.}

• Consideration of Brazil's potential influence in South America and the reactions of neighboring countries to such dominance.}

• The strong relationship between Russia and China is emphasized, along with their collaborative projects aimed at maintaining stability in their spheres of influence.}

• The complexities of managing spheres of influence are acknowledged, suggesting that they may lead to significant problems in various regions.}

12:31 The video discusses the geopolitical dynamics surrounding the Black Sea, focusing on the influence of major global powers and the potential for parallel trading systems between different geopolitical blocs.

• Turkey is presented as an example of a country balancing its affiliations with both NATO and BRICS, illustrating the complex geopolitical landscape.}

• The emergence of parallel trading and financial systems is anticipated, with one bloc centered around BRICS and another around the collective West, indicating a division in global economic influence.}

• The EU's intent to militarize the Black Sea is highlighted, emphasizing collaboration with regional countries to secure the area amidst shifting spheres of influence.}

15:44 The discussion focuses on the geopolitical dynamics in the Black Sea region, highlighting Turkey's role, the Russian influence, and the EU's perceived hostility towards Russia. It reveals the complexities of alliances and the shifting perceptions within Armenia regarding relations with Russia.

• Turkey's position in the Black Sea is critically examined, indicating that they may not act in favor of Brussels.}

• The increasing pressure on Armenia to restore economic ties with Russia is noted, despite its pro-Western leadership.}

• The EU's anti-Russian stance is emphasized, suggesting that their plans may be unrealistic and contribute to further tensions.}

• There is a shift in the Russian government's view of the EU, now seen as a military-political alliance rather than an economic entity.}

• Internal dissent within the Russian government regarding Putin's views on Europe is highlighted, indicating a significant shift in perspectives.}

Venezuela's economic crisis explained

Venezuela's economic crisis stems from decades of inflation, capital flight, and a flawed fixed currency system, compounded by political instability and reliance on oil revenues, creating a vicious cycle difficult to break without severe reforms. Detailed Summary for Venezuela's economic crisis explained by Monica

00:00 This video explains the economic crisis in Venezuela, focusing on high inflation and scarcity of goods, and traces the roots of these issues back to historical political decisions and external factors.

• Venezuela is facing significant economic challenges, primarily high inflation and a lack of goods.}

• The current crisis is linked to the political ideology of previous leadership, particularly under Hugo Chavez, who created an economic bubble.}

• The inflation crisis, which has worsened under President Maduro, has historical roots dating back to the 1980s.}

• The economic issues were exacerbated by external influences, such as the collapse of oil prices, which affected Venezuela's economy significantly.}

02:14 The video discusses Venezuela's economic crisis, focusing on the impact of inflation and capital flight, particularly during Hugo Chavez's presidency and the historical context of these issues.

• Inflation in Venezuela peaked in the 1990s, reaching about 100% in 1996, leading to widespread poverty.}

• Hugo Chavez's rise to power saw inflation reduced to 20-25% annually through strict capital controls.}

• Capital flight, driven by the upper and middle classes seeking to protect their assets, is a significant economic issue in Venezuela and Latin America.}

• The shortage of wealth due to capital flight causes currency devaluation, leading to increased inflation and a decline in purchasing power for ordinary citizens.}

• The video concludes with the mention of Chavez's attempts to reform the economy to address these critical issues.}

04:29 The economic crisis in Venezuela is marked by political instability, government intervention in currency markets, and the emergence of a black market that exploits these interventions, leading to further depletion of foreign reserves.

• A coup attempt led to increased political instability and capital flight.}

• The government intervened in the currency market to combat inflation by manipulating the value of its currency.}

• Chavez established a state-run exchange system (CADIVI) to control currency access, but this created loopholes for black market exploitation.}

• The black market practices deplete the country's foreign currency reserves, exacerbating the economic crisis.}

06:44 Venezuela's economic crisis is characterized by rampant smuggling and a shortage of goods, driven by a system where both imported and domestically produced items are exported for profit, leading to inflation and reliance on oil revenues.

• Overview of the current situation in Venezuela, focusing on the economic crisis.}

• The lucrative nature of smuggling goods to neighboring countries, creating domestic shortages.}

• The inflation crisis resulting from too much currency chasing too few goods.}

• The reliance on oil revenues to sustain the current economic bubble despite its inefficiencies.}

• Attempts by President Maduro to address the crisis by changing financial leadership.}

09:00 The video discusses Venezuela's economic crisis, focusing on the failed reforms and the resulting social unrest. It highlights the challenges of reforming a long-standing government-controlled currency system and the implications for various social classes within the country.

• Introduction of a pragmatic approach to economic policy, emphasizing the devaluation of the currency.}

• Critique of the government-owned fixed currency system as the root cause of economic issues, leading to the dismissal of reformist Marentes.}

• Discussion of the protests, primarily driven by the middle and upper classes against measures affecting their economic interests.}

• Recognition that the economic crisis is deeply entrenched, making any reform efforts politically risky and likely to provoke widespread unrest.}

Vladimir Putin CRUSHES George Soros for all western "leaders" to see

In the video, Vladimir Putin criticizes George Soros, discusses North Korean denuclearization, and addresses accusations of Russian election meddling, emphasizing the need for pragmatic cooperation with Europe amidst geopolitical tensions. Detailed Summary for Vladimir Putin CRUSHES George Soros for all western "leaders" to see by Monica

00:00 In this segment, Russian President Vladimir Putin critiques Western leaders and their approach to democracy, specifically targeting George Soros and the concept of regime change. He addresses significant geopolitical issues and responds to allegations of Russian interference in U.S. elections.

• Putin identifies George Soros as a symbol of detrimental regime change efforts in the West.}

• He emphasizes the importance of true statesmanship in contrast to the actions of Western leaders.}

• Despite the interview's tone, Putin discusses critical global issues, including the North Korea crisis.}

• He addresses and defends against accusations of Russian meddling in the 2016 U.S. presidential elections.}

01:28 In this segment, Vladimir Putin critiques the perceived influence of individuals like George Soros on Western elections, questioning the credibility of claims that a Russian restaurant owner could sway voters in major countries.

• Putin refers to a person associated with the restaurant business, questioning their ability to influence political outcomes.}

• He expresses disbelief at the notion that a Russian individual could have such sway over Western elections, highlighting a decline in political standards.}

• Putin contrasts this with George Soros, who he claims interferes in global affairs, suggesting that such influence is overlooked by American authorities.}

• He raises concerns about Soros's potential plans to destabilize the Euro, implying that the U.S. government dismisses these activities as private matters.}

02:56 In this segment, Vladimir Putin discusses the importance of reciprocal actions in international relations, particularly concerning North Korea and the European Union. He emphasizes the need for cooperation over division, highlighting economic ties and the potential risks of further conflicts.

• Putin stresses that diplomatic relations should be reciprocal, especially if North Korea demonstrates goodwill.}

• He expresses a desire for a united and prosperous European Union, recognizing it as a critical economic partner.}

• Putin points out the decline in trade with the European Union and the risks associated with internal EU problems.}

• He advocates for increased cooperation with the EU, emphasizing pragmatic considerations over conflict.}

04:28 In this segment, Vladimir Putin critiques the narrative surrounding chemical weapon use in Syria, questioning the objectivity of Western responses and highlighting inconsistencies in the investigation process.

• Putin asserts that there is not universal acceptance of the evidence regarding chemical weapon use by Assad.}

• He references the alleged chemical attack in Douma, which was used as justification for missile strikes against Syria.}

• Putin suggests that the immediate missile attack hindered a thorough investigation by the OPCW Commission.}

• He questions the lack of accountability for militants accused of using chemical substances, highlighting a double standard in responses.}

How the UK is becoming a ‘third-world’ economy

The UK faces economic decline with stagnant incomes, low productivity, and rising debt, driven by past political decisions, Brexit, COVID-19, and the Ukraine war, while London's wealth contrasts starkly with nationwide struggles. Detailed Summary for How the UK is becoming a ‘third-world’ economy by Monica

00:00 The UK is facing significant economic challenges, with London being an anomaly in a declining national economy. Despite its wealth, the overall prosperity of the UK has stagnated, leading to rising living costs and increased homelessness.

• Introduction to London's economic significance as a major global city.}

• Overview of the stagnation of real disposable income and low productivity in the UK.}

• Discussion on the root causes of the UK's economic issues linked to past political decisions.}

• Irony of the UK's potential de-industrialization after being the first to industrialize.}

• Mention of rising housing prices and the lack of media coverage on these pressing economic issues.}

02:34 The video discusses the socioeconomic decline of the UK, tracing its roots back to the financial crisis of 2008 and highlighting the government's austerity measures that have led to long-term consequences for ordinary citizens.

• Britain was once a prosperous nation, attracting skilled professionals, but is now facing significant socioeconomic challenges.}

• The UK is under immense strain due to geopolitical events, including Brexit and the Ukraine war, contributing to a massive national debt.}

• The 2008 financial crisis had lasting impacts, with the UK government opting for austerity rather than investing in recovery.}

• The consequences of these policies have resulted in a decline in real household income, marking a 'lost decade' for economic growth.}

05:05 The UK economy is facing significant challenges, with real household incomes lagging behind those in other developed countries, leading to a decline in living standards. The lack of investment in productivity has exacerbated the situation, resulting in low economic growth and a struggling middle class.

• British households are currently 20% behind Norway and 16% behind the US in terms of real income, illustrating a stark decline in living standards.}

• Real household income is crucial for economic activity, as it drives consumer spending and improves living standards, which are essential for economic growth.}

• Post-2008 crisis, the UK's productivity rates have severely declined due to a lack of investment, contrasting sharply with pre-crisis growth rates.}

• The combination of stagnant real household income and low productivity rates reveals the struggles of the British economy, indicating it is in a critical state.}

07:41 The UK is facing a significant economic crisis exacerbated by Brexit, the COVID-19 pandemic, and the ongoing energy crisis due to the Ukraine war, leading to soaring inflation and increasing national debt.

• Political indifference towards the economic crisis affecting millions, with Brexit complicating the situation.}

• The government's response to COVID-19 involved substantial borrowing, which was initially manageable due to low interest rates.}

• The Ukraine war triggered an energy crisis, significantly increasing living costs for British households.}

• The government implemented a generous financial support package, leading to a record increase in national debt as a share of GDP.}

• Rising interest rates resulted in higher mortgage payments for citizens, further straining household finances.}

10:17 The UK is facing significant economic challenges, primarily due to soaring debt levels and a stagnant workforce, which are impacting public services and overall economic health.

• The UK's debt servicing costs have dramatically increased, leading to a significant rise in annual spending, which affects the budget for essential services.}

• Post-lockdown, while many advanced economies saw workforce recovery, the UK has not, resulting in decreased tax revenues and increased social benefit expenditures.}

• Despite low official unemployment rates, a substantial portion of the population is classified as economically inactive, indicating deeper workforce issues.}

12:51 The UK faces significant workforce challenges, with millions of people economically inactive, leading to a reliance on immigration to fill labor gaps, which in turn has sparked social tensions and unrest.

• A substantial number of individuals, particularly young people and older workers, are not participating in the workforce due to various reasons including education and health issues.}

• To address workforce shortages, the UK has opened its borders to immigrants, particularly from South Asia and Sub-Saharan Africa, to fill job vacancies left by a declining native workforce.}

• The influx of immigrants has led to rising social tensions and anti-immigration sentiments, culminating in protests and riots across multiple towns in Britain.}

• The ongoing economic decline in the UK illustrates a cycle of crises, suggesting that current issues may lead to further complications without immediate solutions.}

• Despite the challenges, London remains a wealthy and innovative city, indicating that while the UK is facing difficulties, recovery is possible over time.}

Why Trump is obsessed with Greenland

Trump's focus on Greenland stems from its strategic Arctic position, vast resources, and geopolitical importance against Russia and China, pushing for U.S. dominance and NATO support while triggering tensions with Denmark and Greenland's independence aspirations. Detailed Summary for Why Trump is obsessed with Greenland by Monica

00:00 The video discusses Trump's renewed interest in Greenland, highlighting strategic motivations behind this focus, including trade routes and natural resources, while also examining the implications of climate change on Arctic navigation.

• Trump's return to office brings renewed attention to Greenland, marking a shift in his approach compared to previous claims.}

• Strategic reasons for America's interest in Greenland include potential trade routes, natural resources, and security concerns.}

• The Arctic is warming significantly, leading to predictions of ice-free summers by mid-century, which will impact trade and security.}

• The emergence of Arctic sea routes presents new opportunities for commerce, particularly the Northern Sea Route, which is shorter than existing paths.}

• The Northwest Passage on the Canadian side of the Arctic is also mentioned as a less frequently traveled route for global shipping.}

02:48 The discussion focuses on the geopolitical implications of the Northwest Passage and the strategic interests of the United States in the Arctic region, particularly concerning Greenland and Canada.

• The Northwest Passage offers a shorter maritime route compared to traditional paths, yet it is contentious due to overlapping territorial claims.}

• The U.S. challenges Canada's sovereignty claims over the Northwest Passage, as recognizing these claims could set a precedent for other nations to assert similar rights over international waters.}

• As Arctic ice melts, geopolitical tensions rise, positioning the U.S. against Russia and China, with Greenland and Canada playing crucial roles in maintaining American influence.}

• The U.S. requires forward operating bases in the Arctic for enhanced surveillance capabilities, but Denmark and Canada face challenges in meeting these strategic needs.}

• Trump's approach to Arctic strategy has sparked political controversy, despite the validity of his concerns regarding U.S. military readiness in the region.}

05:39 The video discusses the strategic significance of Greenland in the context of Arctic military operations, particularly focusing on the military capabilities of Russia and China in the region, and how these developments impact U.S. interests.

• Russia has a superior military presence in the Arctic, with more air and ground bases compared to NATO, enhancing its operational capabilities.}

• Despite setbacks in Ukraine, Russia maintains an advantage in the Arctic, which raises concerns for the Pentagon, especially with increasing Chinese activity in collaboration with Russia.}

• Greenland, while large, has a small population and limited infrastructure, making it one of the least accessible places in the world, with a GDP heavily reliant on fishing.}

• Historically, Greenland was politically insignificant until the 20th century when it became key to U.S. Arctic security, particularly after World War II.}

08:29 The video discusses the strategic importance of Greenland in the context of U.S. military operations, particularly against potential threats from Russia and China, as well as the valuable mineral resources located there.

• Introduction to the Guk Gap, a crucial maritime chokepoint for monitoring hostile vessels and ensuring shipping lane security.}

• Overview of Thule Airbase, a key U.S. military facility in Greenland that plays a significant role in Arctic defense and space monitoring.}

• The need for additional military bases in the Arctic to counter potential Chinese and Russian military presence in the region.}

• Discussion on the necessity for the U.S. to take a leading role in Arctic militarization, as Denmark alone cannot manage the strategic challenges.}

• Highlighting Greenland's vast mineral deposits, which are critical for renewable technologies and currently dominated by Chinese supply chains.}

11:20 The video discusses the strategic importance of securing critical metals, particularly in the context of geopolitical tensions involving China and Russia. It emphasizes the need for Western nations to establish a reliable supply chain for these resources to mitigate risks posed by export restrictions and foreign influence, particularly in Greenland.

• The discussion begins with the importance of certain metals for military and technological applications, highlighting the West's dependency on imports.}

• China's recent export bans on key metals have caused significant price increases, demonstrating its leverage in the global supply chain.}

• Military Metals Corp is introduced as a company working to secure a Western-controlled supply of antimony, crucial for military needs, through projects outside of China.}

• The video explains how Greenland is a target for Chinese investment, which poses risks of debt-trap diplomacy, where China could gain control over essential resources.}

• Debt-trap diplomacy is defined, illustrating the dangers faced by weaker nations like Greenland when they accept loans from more powerful countries.}

14:12 This section discusses the implications of Trump's statements regarding Greenland, particularly focusing on the historical context of Danish governance, the local Inuit population's desire for independence, and the geopolitical consequences of these remarks.

• Denmark has set a deadline for 2030, but there is tension with the local Inuit population due to historical grievances.}

• A significant majority of Greenland's population supports independence, and recent political developments indicate a push towards this goal.}

• Trump's comments have shocked Denmark, a close ally of the U.S., raising concerns about the stability of NATO and the alliance's legitimacy.}

• In response to Trump's rhetoric, Denmark plans to increase its military spending significantly, aiming to bolster Arctic security and protect Greenland.}

• The geopolitical dynamics are shifting due to Trump's statements, indicating that his rhetoric may have broader implications beyond his intentions.}

The video critiques the "Going Direct" financial strategy from 2019, highlighting its role in exacerbating wealth inequality, its blurred fiscal-monetary policies favoring elites, and advocates for a more equitable economic framework to address systemic risks. Detailed Summary for Going Direct isn't working by Monica

00:00 The video discusses the concept of the 'going direct' financial strategy introduced by BlackRock, analyzing its implications on wealth inequality and the economy, particularly in light of historical financial crises like the 2008 bailout.

• Introduction to the concept that the current financial approach is ineffective, prompting a rethinking of monetary systems.}

• Overview of BlackRock's 'going direct' strategy aimed at addressing economic downturns through coordinated monetary and fiscal policy.}

• Historical context provided by examining the 2008 financial crisis and its focus on bailing out financial institutions over ordinary citizens.}

• Critique of past measures that failed to address root causes of crises, reinforcing a system that favors the wealthy while neglecting vulnerable populations.}

25:52 The video discusses the flaws in neoclassical political economy, focusing on its assumptions about self-regulating markets and the challenges of measuring utility. It critiques the theoretical models compared to real-world market behaviors, emphasizing the need for a broader understanding of economic dynamics.

• Introduction to the problematic foundations of neoclassical political economy, suggesting its principles may be fundamentally flawed.}

• Discussion on the complexities of measuring utility, highlighting the inversion of traditional understanding and the circular reasoning involved.}

• Examination of market equilibrium in neoclassical economics, contrasting theoretical models with real-world market behaviors and instances of disequilibrium.}

51:48 The video discusses the impact of natural resource advantages on global trade and the historical context of imperialism, focusing on how certain nations monopolized manufacturing and shipping while others were relegated to exporting raw materials.

• Nations developed resources based on their natural advantages, leading to a concentration of power among those controlling global trade.}

• The British policy of imperialism and free trade aimed to establish a monopoly centered on London, affecting other nations' roles in the global economy.}

• There were considerations for creating transportation links in Europe, highlighting the potential economic benefits that remain unrealized.}

• Economic barriers, such as high transport costs, led to wasted agricultural resources, illustrating the inefficiencies in the system.}

01:17:45 The video discusses the implications of interest-based economies, illustrating how they create pressure for perpetual economic growth and the challenges associated with debt and repayment.

• Introduction to the concept of interest money and its impact on life necessities.}

• Exploration of three potential outcomes in an interest-based economy: default, growth in the money supply, or wealth redistribution.}

• A scenario where villagers negotiate with a banker for additional loans to avoid bankruptcy, highlighting the challenges of securing credit.}

• The banker’s lending criteria based on collateral (chickens) and future business prospects, showcasing the risks of interest-based lending.}

• The villagers' realization that even with new loans, they may still struggle to repay due to the nature of interest, emphasizing systemic issues in the economy.}

01:43:39 The video delves into the intricate relationship between banking, debt, and global conflicts, highlighting how financial strategies influence the arms trade and societal structures.

• Discussion of a significant work that analyzes the early American economy and its reliance on unfree labor, emphasizing the impact of debt on society.}

• Examination of the international banking scene, revealing how banks profit from debt and control global conflicts, rather than relying on traditional weapon sales.}

• Introduction of the IBBC's financial activities in missile technology, underscoring the strategic importance of these investments in the global arms trade.}

• Focus on how controlling debt allows banks to exert influence over nations, with a personal reflection on distrust in the banking system and its societal effects.}

• Presentation of the documentary 'Women for America, for the World,' where leading women advocate for security based on life-affirming principles instead of nuclear threats.}

02:09:34 The video emphasizes the urgent need for unity and action among the people of England in the face of current challenges, urging them to move beyond past grievances and fears.

• Historical context of social structures and demands in various societies.}

• A call for unity among the people of England, stressing the importance of overcoming political divides.}

• The urgency of recognizing current realities and the necessity for change regardless of political affiliations.}

• A warning about the importance of immediate awareness and action in light of approaching challenges.}

• Discussion on the impact of trade policies and the economic challenges facing England.}

02:35:31 The video discusses the alarming concentration of wealth and power in the financial sector, likening it to a new form of feudalism where a few entities control vast resources, thus undermining true capitalism.

• The speaker references historical warnings about the conflict between people and banks, emphasizing its relevance in today's financial landscape.}

• The financial sector's share of corporate profits has dramatically increased, indicating a troubling shift away from equitable capitalism.}

• A small number of banks now dominate the industry, controlling significant assets and contributing to an imbalance in wealth distribution.}

• The speaker advocates for the distribution of property and capital as a solution to the issues created by modern capitalism, rather than replacing monopolies with state control.}

• An alliance between technology and finance has emerged, creating a new aristocracy that threatens the principles of equitable economic systems.}

03:01:26 The discussion centers around the detrimental effects of land speculation and the importance of ownership in creating livable environments. It emphasizes that treating houses as commodities leads to neglect and degradation, ultimately resulting in slums.

• Introduction to the issues surrounding land buying and selling.}

• Critique of speculation in housing, highlighting how it prevents residents from adapting homes to their needs.}

• Description of landlords' practices that prioritize profit over maintenance, leading to the deterioration of rental properties.}

• Emphasis on the necessity of ownership for residents to feel comfortable and make changes to their living spaces.}

• Conclusion on the need for a defined ownership structure that allows residents to modify their homes freely.}

The 1974 interview explores the Shah of Iran's views on the global oil crisis, OPEC dynamics, accusations of corruption, and his spiritual convictions while addressing geopolitical tensions and economic impacts. Detailed Summary for Oil and the Shah of Iran (1974) | 60 Minutes Archive by Monica

00:01 The video discusses the implications of the Arab Oil Embargo and features an interview with the Shah of Iran, highlighting his perspective on oil sales and the economic impact of rising oil prices.

• Introduction to the Arab Oil Embargo and its relevance to the current oil crisis.}

• The significance of Saudi Arabia and Iran as major oil exporters.}

• Overview of Shah Muhammad Reza Pahlavi's leadership and his approach to oil sales.}

• The Shah's proposal to create a fund to mitigate the economic effects of the oil crisis on developing nations.}

• Discussion on the impact of the oil embargo on the United States and public reactions to fuel shortages.}

02:34 The discussion revolves around the complexities and manipulations in the oil industry, particularly focusing on the benefits reaped by oil companies and the implications for Iran under the Shah's regime. The conversation highlights the relationship between oil prices, political actions, and economic gains, revealing a landscape of fraud and manipulation.

• Concerns are raised about potential fraud in oil imports and the changing destinations of oil shipments.}

• The significant profits of oil companies are emphasized, indicating that they benefit immensely from the current oil situation.}

• The impact of the oil embargo is discussed, noting that while it drives up oil prices, it ultimately benefits Iran and the Shah.}

• The relationship between Iran and Israel is questioned, particularly regarding economic cooperation and intelligence sharing.}

05:11 The discussion revolves around the complexities of oil pricing and geopolitical relationships, particularly focusing on the Shah of Iran's stance and the pressures from industrial nations regarding oil production and pricing strategies.

• The Shah emphasizes the importance of maintaining relationships with both Israel and friendly Arab nations, indicating a diplomatic balancing act.}

• Concerns are raised that aggressive pricing strategies could lead to a global economic downturn, as indicated by Henry Kissinger's warnings.}

• The Shah acknowledges Saudi Arabia's significant role in oil production and hints at the pressures they face regarding oil pricing decisions.}

• The discussion highlights the uncertainty surrounding future oil prices and their correlation with inflation, emphasizing the need for strategic decisions among OPEC members.}

07:44 The discussion revolves around perceptions of corruption and control within the Iranian government, contrasting it with Western views and addressing the challenges faced by the Shah in maintaining authority amidst criticism.

• Introduction to the topic of military procurement and the implications of corruption in Iran.}

• Criticism from the West regarding corruption in Iran's affluent economy and the challenges in securing contracts.}

• Defense against accusations of corruption, emphasizing the presence of oversight organizations within the government.}

• Comparison of perceived corruption levels between Iran and the United States, suggesting that the latter may have more issues.}

• Reflection on the Shah's long reign and the various threats he has faced, hinting at the complexities of his rule.}

10:21 The video features a candid discussion with the Shah of Iran, exploring his beliefs, visions, and the relationship he maintains with his people, emphasizing his confidence and lack of fear in addressing them directly.

• The Shah expresses a deep commitment to his mission and a belief in his purpose, stating he will persevere until his goals are achieved.}

• He recounts his childhood experiences of visions and apparitions, indicating a spiritual connection that influenced his life, though these experiences ceased after a certain age.}

• The Shah discusses his reliance on tranquilizers for sleep, hinting at the pressures of leadership and the unique challenges he faces.}

• He highlights his candidness in communication, stating that he believes in his words and feels a strong trust between himself and his people, indicating a solid bond with the public.}

The Shah of Iran and SAVAK (1976) | 60 Minutes Archive

The Shah of Iran discusses his views on U.S. politics, Middle East conflicts, and criticism of his regime, addressing allegations of corruption, SAVAK's actions, and media influence, while defending his policies and leadership candidly. Detailed Summary for The Shah of Iran and SAVAK (1976) | 60 Minutes Archive by Monica

00:01 The segment discusses the Shah of Iran's perspectives on political power, international relations, and the influence of the Jewish lobby in the United States.

• The Shah enjoys significant power due to Iran's oil wealth and is open to discussing various topics with foreign reporters.}

• The Shah expresses his preference for U.S. President Ford over Carter, believing that Carter does not fully understand Iran's strategic importance.}

• He supports a secure Israel but insists on the return of Arab lands taken in 1967, criticizing the influence of the Jewish lobby on U.S. politics.}

• The Shah suggests that the Jewish lobby's power may be detrimental to Israel's interests by exerting excessive pressure on political matters.}

• He claims that the Jewish community in the U.S. has significant control over media narratives regarding foreign policy.}

02:36 The discussion focuses on media bias regarding the portrayal of Israel and Palestine, the Palestinian plight, and the dynamics within the Arab world concerning Palestinian leadership.

• Critique of media bias, particularly the New York Times' ownership and its perceived stance on Zionism and Israel.}

• Acknowledgment of global sympathy for the Palestinians, drawing a parallel with the historical plight of Jews seeking a homeland.}

• Concerns raised about the methods used by Palestinians, such as terrorism and blackmail, and the limited support they receive from Arab leaders.}

• Call for Palestinian leadership to reassess their strategies and relationships with other Arab leaders, highlighting a lack of control and understanding.}

05:12 The video discusses the controversial role of the Shah of Iran, the allegations of corruption involving his family, and the operations of SAVAK, his secret police force, amidst rising tensions in the region.

• Discussion on Arab leaders supporting Palestinian groups, particularly Muammar Qaddafi of Libya, highlighting perceptions of instability.}

• Allegations of monumental corruption within the Iranian royal family, including Princess Ashraf, who is accused of benefiting from bribery.}

• Introduction to SAVAK, the Shah's secret police, which is described as brutal and involved in monitoring Iranian students abroad with U.S. government consent.}

• Mention of the deputy director of SAVAK criticizing the FBI for not paying enough attention to Iranian exiles, indicating international cooperation and surveillance.}

07:49 The video discusses the controversial practices of SAVAK, the Iranian secret police, and the Shah's responses to accusations of torture and human rights abuses.

• Discussion of Iranian students abroad and their involvement in international activities.}

• The Shah's reaction to reports from organizations claiming that torture continues in Iran.}

• The Shah defends the use of torture as a necessary measure, distinguishing it from traditional methods.}

• The Shah acknowledges a past directive to stop torture, indicating awareness of the issue.}

• The interview raises questions about a CIA psychological profile of the Shah, revealing his surprise at its existence.}

10:27 The video discusses the complexities of the Shah of Iran's leadership and his relationship with American interests, revealing concerns about his financial management and ambitions.

• The speaker reflects on the Shah's portrayal as a brilliant yet dangerous leader, suggesting he may prioritize personal ambitions over international alliances.}

• Concerns are raised about the Shah being an unreliable ally, with speculation on how his aspirations could lead to aggressive actions if his oil revenues decline.}

• Criticism from American businesspeople highlights issues with Iran's payment delays for goods and services, raising questions about the Shah's financial integrity.}

• The Shah expresses disbelief regarding claims of cash flow problems, indicating a disconnect between his perception and the realities faced by foreign businesses.}

February 05, 2016

New to CSD: Henry Kissinger, A World Restored: Metternich, Castlereagh and the Problems of Peace, 1812-1822 (1957)

Credit to A. Bradley Potter, Johns Hopkins University SAIS

A World Restored Metternich, Castlereagh and the Problem of Peace, 1812-1822,

In desiring to ensure Great Britain was not threatened by a Continental Europe under the command of a single power, Castlereagh used the negotiations in Vienna to engineer a system for balancing forces through the Quadruple Alliance (Kissinger, 2013, 5-6). He ultimately hoped regular meetings between the Great Powers, called congresses, might offer a chance for this alliance to respond to security threats as they emerged and before they got out of hand. Metternich, preoccupied with preventing the development of threats in the first place, especially challenges from anti-monarchical revolutions, established the “doctrine of legitimacy” by coopting Tsar Alexander’s idea for a Holy Alliance (Kissinger 2013, 5-6). Conservative, monarchal states of Europe would band together to prevent revolutions at home and abroad. This reactionary alliance to prevent revolution was brought about by Metternich appropriating the idea from Alexander who initially thought the capability to intervene might help further Russia’s future aspirations (Kissinger 2013, 188 – 190 & 216). Redirecting the Holy Alliance at preserving stability rather than justifying revolution is yet another example of Metternich’s effective diplomatic skill.

In the end both Castlereagh and Metternich were vital to the stability that emerged from Vienna. While these men were certainly products of their times, their times did not guarantee a particular outcome. In fact, there was much vacillation between potential policies within the governments concerned (Kissinger 2013, 324). These men engaged in a “moral act: an estimate which depended for its validity on a conception of goals as much as on an understanding of the available material, which was based on knowledge but not identical with it” (Kissinger 2013, 325). The dealings of Metternich and Castlereagh made the post-war world stable. After all, it is only the individual statesman who can engage in decisive moral acts, who can lead. As new models explaining political interaction are developed in the social sciences, we do well to remember this basic insight into the nature of politics that was so important to Kissinger even so early in his life.

This is the challenge we face in Quiggleys words.p.232 tragedy and Hope.

´´but criticism should have been directed rather at the hypocrisy and lack of realism in the ideals of the wartime propaganda and at the lack of honesty of the chief negotiators in carrying on the pretense that these ideals were still in effect while they violated them daily, and necessarily violated them. The settlements were clearly made by secret negotiations, by the Great Powers exclusively, and by power politics. They had to be. No settlements could ever have been made on any other bases. The failure of the chief negotiators (at least the Anglo-Americans) to admit this is regrettable, but behind their reluctance to admit it is the even more regrettable fact that the lack of political experience and political education of the American and English electorates made it dangerous for the negotiators to admit the facts of life in international political relationships.”

https://conquestofdough.weebly.com/the-conquest-of-dough.html

July 12, 2019

“Admit the Facts of life in international political relationships.” The Kakistocracy and Venal Establishment.

Eric Blair

I went looking for “our” democracy but I couldn’t find it anywhere. The media is the Empire’s propaganda department, elections are pieces of Kabuki theatre designed to bamboozle the proles and power-obsessed thieves, liars, torturers and killers run the show.
This is hardly a new development. The exaggerated outrage and affected surprise every time the establishment’s crooked and devious ways are exposed is getting boring. Surveillance, manipulation and deception (and lying about it at every turn) is part and parcel of full-spectrum dominance. Surely we all know this by now so what’s with the “OMG they are threatening our democracy [sic]” routine?
Is it not time to admit that “our” democracy is as good as dead and won’t be resurrected until we get angry or desperate enough to take the fight to those who are killing it?
The internet has a way of making interaction with a digital device feel like something more…but until we are compelled to take action in the physical world we are just 21st-century armchair revolutionaries… all talk and no action. No revolution happens without risk, sacrifice and, usually, violence and repression. In this brave new internet era, we can’t even muster enough energy and motivation to take to the streets and demand the UK government release, Julian Assange.
Anyone who believes the fight against global capitalism can be fought and won passively while sitting in a coffee shop and tinkering on a Five Eyes infiltrated communication device is sadly deluded.
Until we in the West rally around a vision that can replace the current political and economic order there won’t even be a revolution. In the absence of a viable alternative to replace it, the present dysfunctional system will live on, becoming increasingly repressive as sporadic chaos and violence erupt from a restive population under immense social and economic pressure.
Decline can be a lengthy and bitter process and only we the people can put a halt to it. No wise and glorious leader or sympathetic foreign power will fight our battles for us.

Apr 3, 2018 9:52 AM

August 8, 2019

Six impossible things before breakfast or, the truth? Circular Arguments or the Circular Economy. “La réforme oui, la chienlit non” DeGaulle/Macron Trump/Nixon Xi Jinping/Mao Zedong, The Exorbitant Privilege.

#153.Sceptics, Further Discussion.

This article From Ellen Brown in Truth Dig puts the Chinese and US Trade war into a context, of the Japanese Crisis in 1997 ( For a full history of that Prof Richard Werenrs Film, Princes of the Yen is Essential Reading ( The Book, and the Film based upon the Book)

Neoliberalism Has Met Its Match in China

State-guided capitalism provided for the general welfare without destroying capitalist incentive. Engdahl wrote:

The Tiger economies were a major embarrassment to the IMF free-market model. Their very success in blending private enterprise with a strong state economic role was a threat to the IMF free-market agenda. So long as the Tigers appeared to succeed with a model based on a strong state role, the former communist states and others could argue against taking the extreme IMF course. In east Asia during the 1980s, economic growth rates of 7-8 per cent per year, rising social security, universal education and a high worker productivity were all backed by state guidance and planning, albeit in a market economy — an Asian form of benevolent paternalism.

Just as the U.S. had engaged in a Cold War to destroy the Soviet communist model, so Western financial interests set out to destroy this emerging Asian threat. It was defused when Western neoliberal economists persuaded Japan and the Asian Tigers to adopt a free-market system and open their economies and companies to foreign investors. Western speculators then took down the vulnerable countries one by one in the “Asian crisis” of 1997-8. China alone was left as an economic threat to the Western neoliberal model, and it is this existential threat that is the target of the trade and currency wars today.

For a Longer View of the Neo-Liberal Ordo Liberal and https://en.wikipedia.org/wiki/Dirigisme
Then the Review of; Globalists: The End of Empire and the Birth of Neoliberalism by Quinn Slobodian, by Alexander Zevin
https://www.lrb.co.uk/v41/n16/alexander-zevin/every-penny-a-vote

Gives a Geo-Political view from the Fall of the Austro Hungarian Empire and Messrs Von Mises’, Von Hayeck’s and Schumpeter’s influences across the Jockeying for position in the Great Game of Monopoly Finance Capitalism.
“Neoliberalism is often conceived as a system of self-regulating markets, shrunken states and crudely rational individuals. Early neoliberals, however, didn’t believe in markets’ self-correcting properties. Instead, as Quinn Slobodian argues in Globalists: The End of Empire and the Birth of Neoliberalism, they were concerned above all with establishing governments, laws and institutions in which markets could be embedded in order to make them work as they should – not only at a national but at a global level.”

Mises saw himself as the ‘economic conscience’ of a civilisation on the verge of collapse. He recommended corporate tax cuts, balanced budgets, the violent repression of unions and the cutting of wages, which had risen as a result of the war and had to be reduced ‘far below their prewar level’ to restore competitiveness to Austrian industry on the world market. As finance minister, Joseph Schumpeter, his brilliant and erratic classmate at the University of Vienna, wanted to tackle inflation with a capital levy, which shocked Mises. When the socialist foreign minister, Otto Bauer, another former classmate, put forward a plan for limited state takeovers, Mises tried to sink it by arguing that central planning could never be implemented. Without markets to set prices, he said, there could be no efficient allocation of resources, no tallying of gains and losses; socialist management, he wrote later, would be ‘like a man forced to spend his life blindfolded’.

Certainly! Below is a summary of key points from Quinn Slobodian's "Globalists: The End of Empire and the Birth of Neoliberalism", followed by a comparative analysis with the previous G.K. Chesterton-style reflection on the narratives of "The Age of Uncertainty" and "Bilderberg - O Filme."

---

Summary of Key Points from "Globalists: The End of Empire and the Birth of Neoliberalism"

1. Neoliberalism Redefined:

   • Neoliberalism is not merely about self-regulating markets and minimal state intervention. Early neoliberals sought to embed markets within robust legal and institutional frameworks to ensure their functionality at both national and global levels.

2. Historical Context:

   • The rise of neoliberalism is rooted in the fragmentation of empires post-World War I, where national demands for self-determination often clashed with the principles of free trade.

3. Intellectual Lineage:

   • The book traces the intellectual development of neoliberal thought from figures like Ludwig von Mises and Friedrich Hayek in interwar Vienna to the establishment of institutions like the WTO in the 1990s.

4. Opposition to Socialism:

   • Neoliberals viewed post-war social reforms in Europe as threats to market order, advocating for austerity measures and the repression of labor movements to maintain competitiveness.

5. Cultural Involvement:

   • Mises and Hayek were deeply engaged in Vienna's cultural scene, countering the narrative that they were isolated thinkers. They participated actively in the political discourse of their time.

6. Impact of the Great Depression:

   • The economic crisis of the 1930s prompted a reevaluation of liberalism, with Hayek and Mises resisting Keynesian interventions, which they viewed as a path to socialism.

7. Formation of the Mont Pelerin Society:

   • Founded in 1947, this group of intellectuals sought to promote neoliberal principles globally, emphasizing free trade and limited state intervention.

8. Critique of International Institutions:

   • Neoliberals were critical of entities like the United Nations, which they believed extended democratic principles that could undermine free market ideals. Their influence was evident in the dismantling of proposed international trade agreements that threatened free trade.

9. Racial Dynamics:

   • While explicit racial thinking was rare among neoliberals, their economic theories often aligned with racialized politics, particularly in contexts like apartheid South Africa.

10. European Integration:

    • The book highlights the role of German Ordoliberals in shaping European integration, emphasizing competition law and market regulation as crucial to neoliberal governance.

11. Enduring Legacy:

    • The book concludes without fully addressing neoliberalism's resilience post-2008 financial crisis, questioning why its principles remain dominant despite their failure to resolve economic crises.

12. Lessons for Resistance:

    • Slobodian suggests that to counter neoliberalism, a clearer understanding of state power and its role in society is essential, advocating for ordinary people's empowerment against neoliberal structures.

---

Comparative Analysis with G.K. Chesterton-Style Reflection

In reflecting on Slobodian's examination of neoliberalism alongside the narratives of "The Age of Uncertainty" and "Bilderberg - O Filme," I am struck by the profound interplay between ideology, power, and the human experience. Each work, in its own way, reveals the complexities of governance in a rapidly changing world, yet they diverge in their interpretations of agency and authority.

Ideological Foundations and Historical Context

Both Slobodian and the narratives from the films underscore the significance of historical context in shaping ideologies. Slobodian traces the roots of neoliberalism to the disintegration of empires, highlighting how early neoliberals sought to preserve market order amidst the chaos of nationalistic fervor. This mirrors the discussions in "The Age of Uncertainty," where leaders grapple with the remnants of imperial legacies while striving for cooperative solutions to global challenges.

• Contrast: While Slobodian presents neoliberalism as a reactionary force against the demands for social justice and self-determination, the leaders in "The Age of Uncertainty" embody a hopeful vision of collaboration and reform, suggesting a belief in the potential for positive change through dialogue.

The Role of Power and Governance

Slobodian emphasizes the architects of neoliberalism—Mises and Hayek—as advocates for embedding markets within a legal framework that favors private property over state intervention. Their vision of governance is one where economic order is paramount, often at the expense of democratic principles. In contrast, "Bilderberg - O Filme" portrays a world where elite interests operate in secrecy, manipulating political narratives to maintain control.

• Contrast: Here, we see a divergence in the portrayal of power. Slobodian’s neoliberals seek to institutionalize their vision within existing frameworks, while the Bilderberg elite appear to subvert democratic processes altogether. This raises questions about the legitimacy of governance in both narratives.

Cultural Engagement and Intellectual Discourse

Slobodian illustrates how Mises and Hayek were not merely isolated theorists but active participants in their cultural milieu, engaging with the political crises of their time. This contrasts with the more romanticized narratives of the leaders in "The Age of Uncertainty," who appear as benevolent figures striving for the greater good.

• Contrast: The cultural involvement of neoliberal thinkers suggests a nuanced understanding of their motivations, whereas the leaders in "The Age of Uncertainty" are depicted as largely idealistic. This difference prompts reflection on the moral implications of intellectual engagement with power.

Conclusion: A Call for Empowerment

Ultimately, Slobodian's work, like the narratives of "The Age of Uncertainty" and "Bilderberg - O Filme," calls for a re-examination of agency in the face of overwhelming structural forces. Slobodian advocates for reclaiming state power to counter neoliberalism, echoing the need for citizen engagement highlighted in the films.

• Unified Theme: Across these narratives lies a shared recognition of the importance of collective action and the need to challenge prevailing power structures—whether in the form of neoliberalism, elite manipulation, or the pursuit of democratic ideals. The challenge remains: how do we empower ordinary people to reclaim their agency in an increasingly complex world?

In this examination, we find a rich tapestry of thought that urges us to confront the realities of our political landscape with both caution and hope, recognizing that the path forward requires both critical engagement with history and a commitment to democratic principles.

July 22, 2019

#153.Sceptics, Further Discussion. Climate Religion #Perspectiva Mathematics of Climate Change and Climate Change Alarmism @JoanneNova #GrubStreetJournalPolitics,#GrubStreetScience #GrubStreetEnergy #GrubStreetGreenFascism #GrubStreetWrongKindOfGreen #DasFeel

#153. One for the sceptics

Posted on July 14, 2019

THE STRICTLY ECONOMIC CASE FOR ENERGY TRANSITION

We need to be rather careful about the term “opinion is divided”.

via #153. One for the sceptics

This is an excellent Paper on the Mathematics of Climate Change and Climate Change Alarmism, Climatology as opposed to Climate Politics,

http://www.scmsa.eu/archives/SCM_RC_2015_08_24_EN.pdf

Assasination attempts and a second Bite at the Cherry, Who’s side is President Trump batting for. Is it the people, is it big oil , is the Central Banks or is it the Mega International “Global Banks”

My E books and other options to buy

Grub Street In Exile

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May 21

https://www.smashwords.com/books/byseries/106540

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The Conquest of Dough

Grub Street In Exile

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March 6, 2024

From The preface to CALEB WILLIAMS "Opere in longo fas est obrepere somnum." OR THINGS AS THEY ARE BY WILLIAM GODWIN And, when I had done all, what had I done? Written a book to amuse boys and girls in their vacant hours, a story to be hastily gobbled up by them, swallowed in a pusillanimous and unanimated mood, without chewing and digestion. I was in this …

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QED: