tag:blogger.com,1999:blog-6065998731267025499.post1305336165376909140..comments2024-03-28T16:31:27.365+00:00Comments on call me ishmael: The Sunday Ishmael 24/07/2022call me ishmaelhttp://www.blogger.com/profile/14369028864168461729noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6065998731267025499.post-45573942023366216042022-07-26T18:15:36.603+01:002022-07-26T18:15:36.603+01:00That was me btw.That was me btw.mongoosenoreply@blogger.comtag:blogger.com,1999:blog-6065998731267025499.post-52832897579592267692022-07-26T18:14:59.674+01:002022-07-26T18:14:59.674+01:00Sunak is being lined up to carry the can, and I fe...Sunak is being lined up to carry the can, and I fear that he knows it. But he'll have his wife's money to keep him warm. He was far too shrill and aggressive from the bit I just saw on the web. For better or worse, agentleman does not interrupt a lady like that. It comes across as bullying - and it was.<br /><br />The funny news is that the members aren't taking the assassination of Boris as easily as was thought they would, much good it will do them. But it's alright, ma, it's just the last cry of the Remainer elite before the great reset. Which won't be the one the WEF and the WHO and Mr Soros think it will be. They have over-egged their puddings and over-stepped their marks and now there will be tears and the odd Ceausescu moment.mnoreply@blogger.comtag:blogger.com,1999:blog-6065998731267025499.post-44542793877605408462022-07-26T11:25:57.612+01:002022-07-26T11:25:57.612+01:00Sorry Mr Mike, I was typing, slowly, when you repl...Sorry Mr Mike, I was typing, slowly, when you replied. Agree totally.inmatenoreply@blogger.comtag:blogger.com,1999:blog-6065998731267025499.post-9286216650997019602022-07-26T11:22:54.620+01:002022-07-26T11:22:54.620+01:00…it is the imbalance between the availability of g...…it is the imbalance between the availability of goods and money that is at the heart of inflation. Agreed, however, the supply of goods cannot be changed overnight but the funny money can and the profiteers and politicians and their mates know this. Pelosi the house speaker over in gangsta land knows this, the Blair creature knows this Johnny Major n jeremy chunt know this.<br />Yep, watched it all mrs I, like rabbits in the headlights, made all the worse by the PBC childish behaviour; fashion questions FFS.<br />Sunak was very strange indeed, not used to other’s point of view, referring to experts, his children, on matters climate change. Dear Lord take me now.<br /> If this is the best they can offer we’re well n truly fucked.inmatenoreply@blogger.comtag:blogger.com,1999:blog-6065998731267025499.post-16983160731778002062022-07-26T11:05:46.581+01:002022-07-26T11:05:46.581+01:00Mrs I: re the debates. Never in history has there...Mrs I: re the debates. Never in history has there ever been such a collection of morons in charge of the collective West. At what looks like the beginning of the New Dark Ages. Mr I's trilogy about Gordon the Ruiner was prophetic - throw another shitcake on the fire.Mikenoreply@blogger.comtag:blogger.com,1999:blog-6065998731267025499.post-7643850304309585692022-07-26T10:48:58.525+01:002022-07-26T10:48:58.525+01:00Mr inmate and Mrs I: the problem for the West now...Mr inmate and Mrs I: the problem for the West now is that even if the paper money (debt) is available, the key resources (energy food, essential minerals and materials) are not. The old laws of economics cease to exist. Germany is now down to 20% of its gas from Russia with no feasible alternative. Whole industries will shut down. This isn't theory. Germany, and hence the rest of Europe is kaput - within months - unless Russia relents.Mikenoreply@blogger.comtag:blogger.com,1999:blog-6065998731267025499.post-14693423635314047242022-07-26T10:32:49.934+01:002022-07-26T10:32:49.934+01:00Did you see the leadership debate last night? I on...Did you see the leadership debate last night? I only managed ten minutes before shouting shut the fuck up and switching channels. Sunak was very aggressive, loud voiced, talking over Truss, constantly interrupting, bouncing on the balls of his feet, like a prize fighter. Commentators on Radio Scotland this morning openly said his performance was so unlike his usual presentation that it was fuelled by coke. "Full-sugar Coke", the presenter added, "as opposed to Diet Coke", in an effort to mitigate the coke slur.<br />Truss looked and sounded amateurish, Sunak looked and sounded like a bully. Quite apart from the verbal ill-manners, his body language was dangerous.mrs ishmaelnoreply@blogger.comtag:blogger.com,1999:blog-6065998731267025499.post-55532730431572189052022-07-26T10:26:18.984+01:002022-07-26T10:26:18.984+01:00Hi, mr inmate, no corrections necessary - it is th...Hi, mr inmate, no corrections necessary - it is the imbalance between the availability of goods and money that is at the heart of inflation. The tools available to politicians to intervene are limited and there are very different schools of thought on the best way to tackle inflation, stimulate growth and avoid recession. Rishie and Lizzie espouse two of those schools of thought and hope that their particular approach will be a vote catcher amongst Tories. <br />The Russian angle is two-fold - we have imposed sanctions, which have cut trade with Russia and created an under-supply of essentials - grain, for example. The UK hasn't been able to feed itself for decades, preferring to import cheap foodstuffs from THeRestOfTheWorld. Brexit interfered with that. This blasted war interfered further. Russia responded to Western sanctions by cutting back on supplying fuel to the West. This has a knock-on effect on the production of goods.<br />Producers charge what the market will bear. Is that capitalism or profiteering or insufficient competition amongst producers? <br />Maybe mr mike is correct - he certainly presents a compelling argument - these Shudderings in the Economy are maybe its death-throes. I hope not.mrs ishmaelnoreply@blogger.comtag:blogger.com,1999:blog-6065998731267025499.post-45503710072926941702022-07-26T03:29:27.790+01:002022-07-26T03:29:27.790+01:00Thanks, Mrs I. It was a stream of consciousness; ...Thanks, Mrs I. It was a stream of consciousness; I didn’t keep a copy. I will try to re-create in shorter form, as I tried to make a couple of relevant points.<br /><br />First, and foremost, I commended you on your grasp of economics, and suggested you for a post as Professor at LSE, or Senior Advisor to Her Majesty’s Treasury.<br /><br />The current crisis has brought to the fore the fundamental difference between the paper bullshit economies – the so-called FIRE economies , principally of the West, most notably the US; and the real economies based on essential natural resources, manufacturing and skills, and the militaries to defend them. And, I would add, the latter economies tend to be supported by better education in fundamental sciences and traditional cultural values in the corresponding countries.<br /><br />For several centuries the Western economies prospered by robbing and killing the people of the resource rich countries because of dominant military force. This reached a pinnacle after WW2 when the US was the only major country left unscathed, and was thus able to exert its hegemony on the world, in conjunction with its Western vassals, for the next 70 years or so, and continue with its policy of killing and robbing.<br /><br />Well, this has all come to an end with a big bang that the collective West has precipitated. The US and its vassals are no longer able to exert their hegemony and have been exposed as hollow, not just economically but in culture and education and military. They have no answers other than increasingly preposterous phoney statistics and spin. Despite the Western belief that the future is services and nobody needs to get their hands dirty, or study hard in sciences – yes resources and manufacturing and fundamental science and education really matters. Europe, in particular, is about to learn this lesson the hard way.<br /><br />As the Western economies are crumbling to debt, inflation and shortages of energy, food, and other key resources, so the fragile politics is crumbling. Regime change is happening - not in Russia, but in Europe – and the November elections in the US will likely be a watershed. Not only are there regime changes in the West, but demonstrations and strikes are on the increase.<br /><br />But what has really shot a hole in the West is something not taught in economics: any transaction relies on the trust of both parties to deliver. This is what made the City of London a preeminent center: Common Law and independent courts able and willing to administer the law. The UK was always open to business; an Englishman’s word was his bond. This has now been blown to smithereens and once broken cannot be fixed.<br /><br />Whatever you may think of Mr Abramovitch, to just steal his football club and his yachts and hound him out of the country, just because he was born in Russia, violates these fundamentals. It is as if it were medieval York and the persecution of the Jews. And the stealing of the foreign currency reserves of the Russian Central Bank is not just illegal by international law, its sends a stark message: what country or individual would now consider business with the West?<br /><br />I can’t see anyway back from the tectonic changes now happening; its the rapid demise of the West and the shift of economic and political power to the East.Mikenoreply@blogger.comtag:blogger.com,1999:blog-6065998731267025499.post-58095709241888304232022-07-25T22:08:13.382+01:002022-07-25T22:08:13.382+01:00Please correct me if I’m wrong mrs I, if the amoun...Please correct me if I’m wrong mrs I, if the amount of goods remains the same but the amount of money in circulation increases this causes inflation.<br />During the disaster of the last two years the money in circulation (funny money) has increased by £400-500 bn. The goods in shops has remained much the same, well apart from bog-roll, for a short time, yet inflation has been rising for the past two years.<br />We’re now told it’s Vlad’s fault that stuff is more expensive, I don’t, personally, think this is true. Russia supplies only 11% of fuel oil to the world, mainly for diesel.Russia supplies most of the gas to EU countries but not to the UK. Russia doesn’t supply water here, yet, the cost of water and the standing charge has risen 50%. I feel that most of the inflated costs we now experience is profiteering on a criminal scale.inmatenoreply@blogger.comtag:blogger.com,1999:blog-6065998731267025499.post-60342052618309528402022-07-25T15:32:39.644+01:002022-07-25T15:32:39.644+01:00mr mike, I see from the blogger administrator Comm...mr mike, I see from the blogger administrator Comments window that you have left a lengthy comment, but it doesn't appear on the blog. Maybe it is too long and you need to cut it into two halves to get Blogger to accept it? Anyway, thanks for the compliment - I do rather pride myself on my grasp of Economics: what with the hedge chicken essay and this masterly analysis of the causation of inflation, I should probably publish a text book: Economics for politicians with a degree in PPE.mrs ishmaelnoreply@blogger.comtag:blogger.com,1999:blog-6065998731267025499.post-58883013422712578852022-07-25T00:40:27.046+01:002022-07-25T00:40:27.046+01:00Excellent economic primer, Mrs I. You should be a ...Excellent economic primer, Mrs I. You should be a Professor at LSE or a Senior Advisor at Her Majesty's Treasury.<br /><br />By now, it should be as clear as day to any sentient being, but obviously not those in charge of national economies who live in a different economic universe, that there is a fundamental difference between pretend paper economies (the so-called FIRE economies which are essentially the West) and real economies which have essential resources, manufacturing and skills. And preferably the military means to defend such from Western robbery. And I might add for good measure, proper culture and education to support those economies.<br /><br />Fortunately for the world its all coming into clear focus very quickly - I say fortunate, because the sooner this destructive fantasy can be ended, the best for all. Like a Ford Escort at 70mph about to hit a large lump of concrete, the Western economies are at the end of their respective journies, its only a matter of how long the pain lasts.<br /><br />The Western world has survived and prospered for hundreds of years by exploiting, robbing and killing the rest (and major part) of the world. This is coming to a very abrupt end. It was prolonged for a few decades after WW2 when the US emerged as the only major power standing, by virtue of its geography, and exerting its hegemony in conjunction with its Western vassals. This period is over. The arrogance or treating the East and Middle East, and the South as untermench was to make Westerners feel less guilty when robbing and killing them.<br /><br />Resources, skills, education, culture do count. So-called services are just hot air and bollocks. The West has further shot itself in both feet. What they don't teach in economics is that the fundamental basis of any transaction is the trust between both parties to deliver. This was once the strength of the City of London: Common Law, codified, and administered by impartial courts. Respect for law and property rights; an Englishman's word was his bond - perhaps a little overstated, but that has now been blasted into nano-particles. <br /><br />You might not like the greasy jew Abramovitch (just to take a random example) but you can't just steal his football club and yachts and drum him out of the country as if we were still living in medieval York. And the Western countries have stolen the assets of the Russian Central Bank. What message do you think the rest (majority) of the world thinks about this? That's the world with real resources, manufacturing, skills, culture, education and militaries to defend these? Do they want to do business with the West? Answer is a resounding NO.<br /><br />Its no coincidence that Governments in Europe are starting to fall; and the US elections in November will deal another blow. And the real economic pain is only just beginning. The Lies of statistics and ever preposterous spin-doctoring will only cover this up for a little longer.<br />Mikenoreply@blogger.com