Hjalmar Schacht believed one simple act is the key to putting inflation back into Pandora’s box. And he would know. The man credited with ending Germany’s hyperinflation saw his autobiography re-titled to Confessions of the Old Wizard by its French and American publishers. Not bad for a Nazi.
The Sunak government has announced the latest flinch away from net zero. New gas power plants are to be in the mix after all. But what does this mean for our future energy system?
Now that you know how the rich are abusing the stock market to their advantage, and what it means for our economy, it’s time to figure out what we can do about it. But first, I’d like to add one last way in which stock markets have been undermined.
Yesterday we exposed how private equity and venture capital are front running you in the stockmarket. The 1% are using stockmarket listings as an exit strategy. They list their private companies to sell out of their exclusive gotten gains. This differs markedly from a stockmarket’s true purpose: to raise capital for companies trying to expand.
Do you remember the days when people would speak about the stock market instead of bitcoin? Water cooler conversations featured BP and BT instead of bitcoin and Ethereum. At family barbeques people would whisper to each other about small caps from the uncharted waters outside the FTSE 100 they’d “taken a punt” on.
Having a two-party system gives the political class a hidden power. They can collectively decide which political issues are genuinely up for debate… and which are not to be mentioned. The housing crisis is certainly not for discussion. Even if it is the giant woolly mammoth in the room.
Following the science that changes We’re all Anabaptists now What’ll be the next climate change catastrophe? Leaders around the world are withdrawing, delaying and reversing…
Smugglers demanding “no taxation without representation”…? Did EU farmers really think they could get paid to go fallow forever? It’s competition they fear, not climate…
Nigel wouldn’t stop talking about immigration… during the pandemic Immigration is now the number-one political issue What happens next? The first time I met Nigel…