RE: short term dip..17 Jun 2022 11:39
Quite a dilemma, the present system has been built around stock markets that trade fantasy and unreal commodities in milliseconds, central bank money printing, unlimited cheap debt to fund ever increasing consumerism buying all the must have stuff produced by cheap labour elsewhere and dependant on uninterrupted global and JIT supply chains.
So much for the politicians, accountants and bankers who said it made no sense to hold stocks, or to retain our home engineering and production industries, then to sell to the people at a bargain price what they already owned (public utilities, public transport , North sea gas, NHS services, prisons, council social services and social housing!
Now these corrupt controlling clowns in our government (Gove, Boris,Mogg,Sunak,etc ) expect us to believe that its all down to the pandemic and despot Putin and that the of raising interest rates will sort things our!
Too late the world is buggered , the present monetary and market systems are unfit for purpose, but our leaders still don't want to admit the truth!
No instead they kick the can down the road whilst fiddling and tinkering with a half percent here and there, Oh,don't mention Brexit, or the futures commoditises trading ,blame the war in Ukraine for rising prises, then others drag their feet on allowing Ukraine to join the EU and NATO, or giving them the weapons they need whilst Putin continues to wipe Ukraine the off the face of the map!
Problem is that Putin won't stop there, he is already looking to reclaim the former Soviet union states back and the Western sanctions are punishing the ordinary people of the West and Russia whilst helping Putin and his cronies get richer!
Putin is a bully and gangster, but the West has allowed itself to become defendant upon the things that Putin controls and it is afraid to stand up to him, but as anyone who has been bullied knows the only way to stop a bully is to stand up to them!
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