Look, I can give you a simple example of what I mean when I talk about increasing predictability which is what speculators thrive on, but does zilch towards resolving and reviving economies.
Yesterday the US$ weakened on Wall Street - Sterling took a dive but gold and silver stopped falling. Australia and New Zealand waited, but China sold Sterling - message to Singapore - don't buy Sterling. What do we buy then? Gold and Silver! Yesterday, gold and silver, $19.72 US today gold and silver $20.10! Now we wait for the sell off on Wall Street if US$ firms! - exactly as I predicted! end of gold and silver run for one day and up goes Sterling on the morning market! end of one lesson in reading the world markets! What is achieved? Zero! any winners? Plenty! any losers? Plenty!
But this is chicken feed! When the big boys weigh in, they can change the market overnight, such is their power. Moment market gets slightest whiff anywhere in the world that a country is about to raise interest rates, that currency strengthens overnight and it's all change for the rest!
David and Peter,
I have read all your posts on New World Order and this post 'Soros, Rothschild etc'. I am not a conspiracy theorist but I am aware of the furore about the possibility of Trump's election and the fear of Corbyn in this country. Of one thing I am certain - the establishment in both the US and UK are terrified of losing their grip of both countries. The establishment controls everything - and importantly money. I am aware of the Bilderberg group - that very shady organisation that has huge power. All the money in the west is controlled by a very few, very rich people and they will fight to the death using any means to maintain that control. They have such power that they call the shots about everything and if anyone thinks otherwise I think it is very naive - I believe you are correct Peter and I would love to see Corbyn shake them to their roots. I can't see it happening, the PLP has a vested interest in maintaining the status quo, and the media have vilified him from the very start. Maybe there is real change on the way - Brexit has been a huge surprise and is very indicative of how people are feeling but the media is very powerful and has a massive vested interest and controlled mainly by Murdoch and his ilk. Trump again is very unlikely to win but he and Sanders have had huge support and as a result Clinton has had money pouring into her election campaign coffers - again the US establishment has been frightened and are pulling themselves together to put a stop to any chance of Trump winning. I personally think he is appalling and Sanders was far more appealing and made a more reasonable and sensible case his candidacy. I am not particularly hopeful for real dramatic change and unless people get out on the streets I doubt things will be really different. It is, however, interesting to see the the Labour Party growing in numbers and the young taking an interest in politics after all they are the future and will be paying for the mistakes of the past. They are those who are indebted if they chose to get an education and then find themselves with low pay or no work at all with no prospect of affordable housing, a poor NHS and no social care for their aging parents - and putting like that there has to be change and the power has to wrested from all those wealthy oligarchs and shady people controlling and funding the right wing parties.
Teresa May will not make real changes - she is part of the establishment has no interest in change and is bland and so much like Thatcher my blood runs cold!
Much of what you say is sound. I'm no fan of Theresa May either, but let's see how she stands up to Merkel and the rest, and let's see if she carries out her professed mandate of a bit of compassionate Conservatism for a change! I'll only believe it when I see it! Like Clinton, her past is littered with gaffes and incompetence! I'm almost tempted to give Trump a chance. Yes, he too makes gaffes, which he admits, unlike his adversary, and yes, he is a bit unhinged and something of a loose cannon! but I think his own family is a good force for change and control. I also think, as you say, that the establishment is so scared of him, they will swear black is white to diminish him. I have a soft spot for a wild underdog, who accepts a bit of taming once in a while! As for Brexit, the only way through, is by pooling the best brains, forming a coalition of all parties, raising interest rates before anyone else, and bringing Corbyn into the Cabinet, and doing something about funding our children's further education ad infinitum. Do that, and as we have shown with the Rio Olympics, Impossible is Nothing! (echoing my beautiful 2007 Flora London Marathon's finisher's shirt, complete with Aikenhead Gordon kilt!) - we can still show the world we mean business!
I too have a soft spot for the underdog but not in every case. Trump goes too far for me and I am not convinced he is not that far removed from the establishment whereas Sanders was and a socialist or as near a socialist as it is possible to be in the US. They are so fearful of the left to the point of paranoia! I was interested in your comments about Trump'd family being a good force for change - I would you to enlarge on that as I wonder what you mean.
I agree with you about Brexit and pooling all the best brains to act together, to form a coalition to see the country through Brexit - I wrote to the Labour Party and made that same suggestion - obviously I received no response! I am not very confident with David Davis and really despise Liam Fox who has a very dodgy past with very unsavoury contacts. He is not trustworthy at all. He has already had a disagreement with Johnson which was apparently inevitable and they are known to dislike each other. Also Teresa May and Fox are not best buddies either. I imagine this is her way of trying to unite the party - I wonder if it will work. I doubt we will ever find out as the Tories are past masters at covering up discord. May is also not known for being anti-establishment and I don't hold out much hope for any changes being made in the financial institutions which means that the Rothchilds and Soros et al will still hold all the money and power. There is not a Tory who would ever challenge these people as they are far closer to them than they are to the electorate and the same applies to the media mostly owned by the likes of Murdoch and controlled by that dreadful man Paul Dacre, sitting comfortably in his massive Scottish estate. There is such a strong vested interest in the present system to maintain the status quo that a few jolts from the Trumps and Corbyns of this world is not enough to instigate real change - just a bit of tinkering to keep the masses quiet.
I think the issue of Merkel is relatively small compared to what is to come - the financial problems that face the world will come home to roost shortly. The Euro has been a disaster -there is no growth in Europe, the US has slowed down and growth has all but stopped. The Asian countries are growing but surely can't survive without the west. All rather depressing if my predictions come to pass!