May 9, 2017

OPINION: In the short term, the best bet is to give the neocons all the rope they need to hang themselves


The Conservative lead over Labour having now stretched to 22 pts, I fell to wondering yesterday evening whether anyone, beyond a relative few us, is actually keeping the score on the level of contemporary global insanity.

The background. In theory, the Establishment Old Media neocon globalist assumptions are devoid of clothes. Let’s call a spade a spade, should we? 2008 was Crash1, but little if any of the thinking upon which it was predicated has changed. Bourses are madhouses, wealth doesn’t trickle down, a wealth restricted to 3% cannot kickstart a real recovery, the Fed Reserve is akin to Hitler’s bunker, the mass of people making 30% less than they did in the last century can’t consume on the level demanded by the Growth nuts, the secure human job market has been phased out, new robotics appear every week, still nobody knows what percentage of radioactive packaged investments are netted, at least nine eurozone and one British bank are utter basket cases, monetarist stimulation theory is a busted flush, and two huge Asian financial markets – Japan and China – remain upright solely by the use of giving free money to the casino (China) and the central bank buying up everything that stands still for longer than an hour (Japan).

We are on a journey, and there is only one place it can end: failed objectives, bank collapses, huge Bourse corrections, mass unemployment, and 40% of most Western populations financially wiped out….living alongside that 3% who have (it is estimated) enough capital in various forms to bale out the other 97% five times over. And that is not counting the electronic money swimming aimlessly around the shadow banking system.