GLOBAL ECONOMICS: is this the most incompetent conspiracy in history?


mesnip30716I got a bit of stick yesterday from Conspiracy HQ for suggesting that there is no carefully laid plan for  a New World Order – merely a small group of hare-brained greediguts in pursdollaruit of a fast buck along with all the other hares laughing at the tortoises.

So I thought I’d record this, based on looking at today’s self-styled economic ‘news’:

  • According to Abenomics, the Japanese Yen should now be around 1.27 to the US Dollar. It’s at 1.02.
  • The EU is a fan of austerity + Zirp as gold-medal winning solution. This has now been rejected as a policy by 11 EU States, the latest of which is Italy….the 4th biggest EU economy about to tumble into the banking crisis of all time.
  • The Chinese have, in turn, used QE, legal bans on selling shares, artificially supported Forex levels and direct purchasing of sub-prime shares to revive their economy. None of it has worked.
  • The US Fed has, over the last five weeks, in turn leaked/opined that a September rates hike is on, off, on, off and now on again.

If this is a conspiracy, then it’s a surreal libertarian anarchist conspiracy: the overall impression is of various élites with but one thing in common….they don’t have a clue what TF to do.

But some conspiracies are real. A day in the life of a Bloomberg TV anchor:

“The bonds problem is down to Brexit the oil price is down to Brexit the Yen crisis is down to Brexit the Fed has been blown off course by Brexit, the situation in Italy has been exacerbated by Brexit, Olympic athletes are falling ill because of Brexit we should shoot every self-serving naive shithead who voted for Brexit”.

Hell hath no fury like a Bloomberg management scorned by British democracy.

Last night at The Slog: We desperately need a conspiracy of the vulnerable

10 thoughts on “GLOBAL ECONOMICS: is this the most incompetent conspiracy in history?

  1. JW says “The EU is a fan of austerity + Zirp as gold-medal winning solution. This has now been rejected as a policy by 11 EU States, the latest of which is Italy”

    It is beginning to sound like a few European governments are going to have to stand up against the IMF/EU/WallSt mafiosi.

    The sort of thing that would have happened had DSK not been nobbled on his way to Dublin. The Peripherals would be in a somewhat stronger position and the US banks wouldn’t have been bailed out by much more than they have been.


  2. Conspiracies a.k.a. plans made behind closed doors and NOT leaked to the public?? Surely you will have heard of the Bilderbergers, Trilateral Commission, Council for Foreign Relations? Just look at their membership ……. The very existence of these bodies is a conspiracy in itself since the public are not supposed to know what they get up to.

    Simple definition of conspiracy theory according to Merriam-Webster: “a theory that explains an event or situation as the result of a secret plan by usually powerful people or groups.” Doesn’t this fit the EU to a T?

    Liked by 3 people

  3. “A Conspiracy Theorist is someone who questions the statements of known liars.” Richard B. Boddie

    “An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” – Laurence J. Peter

    Just look at rising LIBOR rates to see stress appearing in the system.


  4. If you think the recent happenings in financial markets have not been planned well in advance and seemingly unrelated events all resulting in the current refugee crisis are not connected, then Coudenhove-Kalergi will be turning over in his grave right now.
    Order out of Chaos.
    The minority cannot impose a change if the majority are happy with the status quo


  5. Another little gem from the horse’s mouth :-
    ““Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure — one world, if you will. If that is the charge, I stand guilty, and I am proud of it.”

    The Rockefellers, who as Gemma will know, helped fund the Nazis and backed their Eugenics programme in the ’20s, amongst many other unsavory policies. They also donated the building for the U.N. HQ., from which sprang Agenda 21 .


  6. During BREXIT we had all the finger pointing at BREXIT voters as being racist … and look what happened the racists won!
    Now we have all the finger pointers blaming BREXIT voters for all the ills in this bankrupt world.

    Reckon when all those that say “you can’t leave now, but you have been called a racist and blamed for it all by BREMAIN” it will be time to get the piano wire out and start garroting a few. I mean you have been called all the names under the sun that planting HE in BREMAIN marches is normal for BREXIT people now right?

    BREMAIN need to be careful, not going into slavery without a hot war for sure and certainly not if the only thing at the end is to be left to die in poverty in old age … there are far more interesting ways of passing on than them … So off training tomorrow as normal, over 50+, can still kick to the head and hoping for a heart attack or stroke as an alternative option to what the 95% BREMAIN politicians propose for my end.

    They might be disappointed … and maybe even surprised … choices, choice and another BREXIT voter not doing as they demand.

    Look I am open to bribes, but if you ain’t paying I will do what the hell I want for there is no profit in it for me … the neocon way.


  7. Brexit has improved the weather. In january /February,pre Brexit the weather was much colder;then following Brexit in June it got much drier and warmer.
    Even our Olympians have done better after Brexit. Can’t beat logic


  8. I recall a journalist being shocked during the run-up to the referendum vote, that the Brexiters were challenging the expert opinions of Carney, the IMF and Cameron/Osborne and assorted experts, all loudly proclaiming the disaster that Brexit would bring. How dare they challenge expert opinion, he opined. This shows, he carried on, that the Brexiters were reality deniers.
    I must say that I have given up watching television news and political shows as I just end up yelling at the television. Now I found myself yelling at a sheet of newspaper.
    Expert political and economic opinions are not worth the paper they are written on. What we are seeing is the outrage of those experts who are being told to take the pieces of paper their opinions are written on, fold it four ways and put it in a place where the moon doesn’t shine.


  9. I remember this system we used to have when I was younger.

    It was called Capitalism, but it led to the lowest levels of inequality in history within the developed world.

    It led to the golden age of the 1950s and 1960s.

    It was developed from the unfettered capitalism of the 1920s that led to massive inequality, a Wall Street crash and a global recession.

    It used strong progressive taxation to provide subsidised housing, healthcare, education and services for those lower down the scale, increasing the purchasing power within the economy.

    We have had another bout of unfettered capitalism and it has led to massive inequality, a Wall Street crash and a global recession.

    Maybe we just need a “New Deal” to bring about a recovery in global demand.


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