The Self-Inflicted Energy Crisis Arrives In Europe: Britain to see 80% spike in energy bills as crisis deepens, Forget showering, it’s eat or heat for Europeans – August 27, 2022,
In my younger years, I used to have a difficult time understanding how the Roman empire fell; reading the ECONOMIC history of Rome, at one point in my life, made absolutely no sense to me; I asked myself how could such a great people allow themselves to dissolve in the way they did, what I overestimated at the time was COMMON SENSE.
I assumed when the Roman people saw their once great REPUBLIC on the decline, the PEOPLE of Rome would have done something to stop the GOVERNMENT from destroying the standard of living. What I failed to comprehend at the time was the seductive nature of the WELFARE STATE. One of the most annoying topics to talk about with people who LOVE big government DEMOCRACY.
In the United States, Bernie Sanders has an entire platform about “Democratic Socialism,” which, for many of us the WORST type of politics. Democracy is a MAJORITY RULE, and socialism is the dominance of social ownership of the means of production as opposed to private ownership. Socialism can’t exist without a BIG GOVERNMENT, there’s nothing FREE MARKET about socialism, you can’t have FREEDOM without Private ownership because if I build or buy something and you’re entitled to claim what I purchased or created without compensating me, you’re disincentivizing me from being productive to society.
One of the reasons in many parts of the world entire countries are still poor is because the PEOPLE, which include even their democratically elected governments, feel ENTITLED to confiscate, Nationalize or overly regulate the private property of others to fulfill the people or the in many instances the democratically elected governments ideological agendas.
Once you’ve disincentivized people from being PRODUCTIVE, you’ve created a whole new set of unforeseen problems. There are instances in which Productive people are willing to cut their losses, and if you’re the thief who used the FORCE of government to steal from someone else or destroy their private business, those former business owners will be forced to change their behavior.
Energy companies, seeing the writing on the wall, from BIG GOVERNMENTS, changed their behavior because POLITICAL DEMOCRACY demanded they change. Didn’t you hear the climate is changing? Not only is the climate changing, but the PEOPLE have demanded the GOVERNMENT do something about it. Now, if you’re like me, you’d know how INCOMPETENT the governments of the world have been historically, many of us know SOCIAL SECURITY is broken in most Western nations.
Without fiat money, NO Western nations Government on this planet can pay its bills; the governments of the world SHOULD consider themselves LUCKY that the people even accept CENTRAL banking because most of the borrowing from governments would never get 0% interest rates in the free market. Yet a lot of governments have appeared smart because they were able to BORROW money at rock bottom rates, which is the REAL reason, we have so much MALNVESTMENT in the economy.
Britain to see 80% spike in energy bills as crisis deepens | abcnews
Prior malinvestment into the global economy was IGNORED because of Zero Interest Rate Policy(ZERP); to this very day, I still think Bitcoin is a silly idea; why Bitcoin appears relevant in today’s marketplace is based on this assumption of ZERP INFINITY. Bitcoin is clearly not a store of value, so why then do people like it so much? Because there’s an EXPECTATION that fiat currencies are headed to zero, so if fiat currencies are headed to ZERO and we’re living in a digital economy, why shouldn’t the price of Bitcoin in fiat dollars NOT continue to rise? That makes sense, right?
Wrong, what people completely ignored were SHORTAGES; When GOVERNMENT gets too large, shortages start happening; why? Well, if there’s a war on fossil fuels in western nations, why wouldn’t there be a shortage in fossil fuel production? Why would I start or invest in a fossil fuel company if I’m going to get ridiculed for it? In the private sector, people can go bankrupt, and just like in real-life social interactions; some humans don’t want to be viewed negatively by their peers.
So, for a lot of investors, they DO NOT invest in things they imagine are NO LONGER popular amongst the people. In Rome, a lot of the PRIVATE ownership that made Rome great was phased out during the DECLINING periods of Rome. Rome, during its glory years, was a REPUBLIC; during its declining years, it became an Empire DEPENDENT on the wisdom of its DICTATORS.
If the dictator of the Roman empire was an idiot, the Roman empire declined, and it was really that simple. In Western nations, the people of Europe have basically given in many instances, UNELECTED politicians unimagined powers over their country’s economies. Worst than that are the environmental socialists who have managed to convince millions of people that the world will end if fossil fuels aren’t phased out.
How do you solve an ideological problem? The answer is YOU CAN’T! To this very day, you still have people in the world with BACKWARD religions and CULTURES that hurt their own people. A lot of these people REFUSE to abandon the cultures or religions that led their nations and their people to absolute RUIN. Western Society, capitalism, and free markets revolve around INNOVATION and EVOLUTION; having an EXTREME view of the world that the world will end if the GOVERNMENT doesn’t take action will lead society to ruin, but good luck convincing people of this.
What’s likely to happen is a continued DECLINE of civilization until people either forget about political climate change or they’re too poor to prioritize it. As I’ve been arguing for years now, the people who call fiat money a PETRODOLLAR are 100% right; that’s what I agree it is. Gold and silver are not even the most efficient conductors of electricity; as we all know, silver is a much better conductor of electricity than Gold, but silver corrodes, and COPPER manages to find that happy medium, but even copper needs Oil and fossil fuels because the motor needs to be powered by something?
I don’t know too many POWERFUL motors that can be powered ON DEMAND by DC power that comes ENTIRELY from solar and wind? Solar and wind are NOT baseload power, and we can’t ignore the other things Oil and fossil fuels do, like make clothing, plastics, and all sorts of essentials that we take for granted because many of us are not DIRECTLY involved in the manufacturing processes.
So when start talking about Europe, they’re DESTROYING themselves, the climate isn’t destroying Europe, its politics are destroying it, and quite frankly, the only quick fix I have for their problems is AUSTERITY MEASURES, and if you think that’s going to happen without a fight from the people, you’re an idiot. So for myself any, I’m on the watch and see what happens mode.
I have NO IDEA what the future holds moving forward, and I’m not going to pretend to know; we are in unchartered territory, and you’d be wise to consider becoming a better person because even if people are ideologically attached to this climate change scam, their behaviors will change as their standard of living declines.
Meaning, expect to potentially meet more ANGRIER people, expect the possibility that crime might spike, and expect the unexpected; we are entering a whole new world! What you’ll find interesting about socialist societies is that your OPTIONS are limited; as you’ll notice with environmental socialists, they only want the world to use their approved energy sources, meaning that they’ll push to PERMANENTLY phase out the OBVIOUS solutions to our problems in the name of Political climate change.
interesting times ahead