Your Medieval Future

6 December 2011
Norman Pagett writes:
The global financial system is in a process of self-reinforcing disintegration…George Soros 5 12 2011
The present reaction of banks to adverse financial forces is the ultimate display of panic when faced with the inevitable: drowning people grab at each other to stay afloat.
For two centuries, world banks have watched their assets grow exponentially, congratulating themselves on their expertise, enjoying the delusion that it could go on forever. Continue reading →

21 Nov 2011
Jo Smit writes:
The far right of the US political system offers reduction of government interference as part of their campaign platform. ‘No government’ means lower taxation, freedom of the individual to pursue their own meaning of the American dream. Government regulation must have no part in the American way of life. Continue reading →

17 August 2011
Norman Pagett writes:
“The mess has been bigger than a lot of people anticipated at the time. We have made steady progress on these fronts, but we’re not making progress fast enough. What I continue to believe is that ultimately the buck stops with me. I’m going to be accountable.” Barack Obama, 16 August 2011

As the US election race gets under way, there is one question that springs to mind: why would Obama want to keep such a thankless job? The US president walked into a mess created by generations of profligate living on the back of cheap oil coal and gas. Now that cheap fossil fuel is running out, the Ponzi scheme that is the American economy is collapsing. (yes, it really is a Ponzi scheme).

When Obama took office and saw the reality of the colossal financial calamity facing the USA, he could have been forgiven for wanting to leave the White House straight away. Just look at a day in the life of the leader of the free world. He is continually vilified by every lunatic in every extreme political group, and has been subjected to outright racist attack. He is expected to recreate an ‘American Dream’ that never really existed, other than on advertising men’s storyboards.

Now he has voiced doubts about winning in 2012, according to a CNN interview with Wolf Blitzner on 16th August. This is tantamount to throwing in the towel and who can blame him?

The USA has a decent man in office for once, someone struggling with the inevitability of a future he sees all too clearly. The mindless fools who want him gone are not blessed with such 20/20 vision.

If Obama goes, Bachmann or Perry look likely winners, and the same baying masses who today are slating Obama will expect the Republicans to restore ‘America to greatness’. They are going to be really annoyed when they find out JC isn’t going to return to fix the mess America is in

11 August 2011
Norman Pagett writes:
The European Central Bank’s acquisition of Italian and Spanish government bonds may be bringing a little calm to the troubled European economy. But the EU itself is in paralysis because no one acknowledges the origin or gravity of our situation. Economists examine recent history for parallels, or offer Keynesian nonsense about job creation, as if wishjobs can actually create real employment. There is little understanding of what employment is, in the context of our modern society. Continue reading →

2 August 2011
Jo Smit writes:
Today the typical farmer in both the UK and US is likely to be over the age of 55, with UK farmers leaving the industry at a rate of around a dozen a week. These trends are being repeated across the developed world. In developing countries small farmers are abandoning rural life to take their chances in the city because they can no longer make their living from the land. Continue reading →

27 July 2011
Jo Smit writes:

We are all programmed to take account of ‘now’. We have enough money now, we have enough to eat now, and the sun is shining now. We will worry about tomorrow when tomorrow arrives. Continue reading →