Governments no longer control their own economies, and neither can they act together to control the world economy. In all matters of finance, whatever happens is now decided by the speculations of global brokers and traders, who engineer positions where they make money no matter which way the markets move. Their fiscal power now overwhelms any government action.
In the world of commodities, a similar position prevails. The price of everyday foodstuffs is largely influenced by the speculations of traders, who have arranged to make money in the rising or falling of markets, whose movements they can control by the sheer size of their trades. Other essentials, such as oil and raw materials, suffer a similar fate.
Electricity prices will no doubt be the next attraction for the speculators, as the price of electricity fluctuates according to the forces of supply and demand. And where prices fluctuate, there is a market to be made and traded.
In reality, the assets of the world have become no more than gambling chips in a casino, and the price of everything is set by those who play in the casino. If their bets are lost, the Bank of England just prints some money to cover those losses.
And to prove that, another £75 billion of quantitative easing now goes to the banks, with the excuse that it will pass into the economy, but the banks will simply use it to patch up their balance sheets, and square away the lost bets of their own traders. It will probably pay for some bonuses as well.
And it will reduce the value of money already in circulation, your money included, as did the previous £200 billion of quantitative easing.
For the government to pretend that what in reality amounts to printing money will help the economy, and therefore the individual, is an act of pure duplicity.
Yours : Malcolm Parkin
Europe’s new clothes
Little piggy Cameron went to save THE City’s markets.
Little piggy Clegg stayed at home.
Big wolf Merkel took PIIGS off the menu.
Little piggy Sarkozy said “non” to ‘roast boeuf’.
All the other little piggies went “oui”, “oui”, “oui”; all the way home.
What has NOT happened: the UK has not left the EU; our citizens are not being allowed a referendum for In or Out of the EU.
What is still happening: we are still ruled by all Treaties and Laws passed by the EU; we are still paying thousands of millions of pounds into EU coffers every year.
What might happen in UK politics: the Lib Dems might split from the Conservatives and form a new coalition with Labour; the mixture of red and yellow would leave the future orange, but would it live up to the advert?
Ronald Rankin
B----cks!
Subject: Wind
I just read this and had to have a stiff glass of Lucozade.
Ok I lie - a malt whisky
from Clark Cross
Rick Eggleston extols the virtues of wind turbines. ("The Scotsman": Platform 14 February).
This is to be expected since his company, REpower UK, benefits from subsidies.
Each turbine gets a subsidy of between £275,000 and £650,000 EVERY year for 25 years.
Other EU countries have either reduced or stopped all renewables subsidies since they no longer can afford the cost.
He makes promises of cheaper bills in the future.
If you believe that...............................
A British Gas electricity bill shows that 12 per cent goes to "Government obligation to help the environment".
My supplier shows a figure of 10 per cent.
Gas bills also have a percentage added.
Mr Eggleston's says that media reports and anti-wind protestors "have been factually inaccurate, others have been agenda based and therefore heavily biased".
I could not have said better myself - against the renewables industry and their expensive propaganda machines whose whole object is to continue the gravy train of subsidies.
He says that people investing in the industry recognise wind as a good investment.
Too true they do and that is why communities and landowners are being bribed with cash, which comes out of our pockets and leads to fuel poverty.
Reducing CO2 was the original reason wind turbines were built but research shows that the reverse has happened.
Clark's "P.S." (Feb. 24/12)
It has been a bad week for the German renewables industry and their green friends.
Germany had to restart several nuclear reactors because their 22,200 wind turbines could not cope with the cold weather.
Now an article by BjA Lombork, an adjunct professor at Copenhagen Business School, shows the folly of German solar energy policy.
The German Government will slash solar subsidies since their economy cannot afford the cost.
$130 billion has been spent on solar power which only accounts for 0.3 per cent of Germany's total energy.
According to Der Spiegel, even Chancellor Merkel's staff are describing the solar subsidies as a "massive money pit".
Lomborg calculates that by the end of the century, Germany's $130 billion solar panel subsidies will have postponed temperature increases by a laughable 23 hours.
Germans have paid $130 billion for climate-change policies, which have zero impact on global warming.
Germany has the second-highest price for electricity in the developed world.
Denmark is highest.
Germany's experiment with subsidising inefficient solar technology has failed.
Alex Salmond and David Cameron please note - your expensive experiment with subsidising inefficient solar and wind technology has failed.
FIRST RESPONSE!
Dear Sir,
Clark Cross (Letters 24 Feb) correctly criticises the high cost of electricity generated by wind. This cost is subsidised by electricity users by means of a surcharge on every electricity bill, regardless of the ability of the user to pay.
As the only people who benefit from wind turbines are wealthy landowners, and largely foreign based manufacturers, this unfair scheme is no more than the poor making the rich even richer. The fact that wind turbines don’t work is almost irrelevant.
The SNP clearly see nothing wrong with this, which is perhaps something to be remembered at the ballot box.
Yours : Malcolm Parkin
Politicians always see life from a political aspect alien to that of the electorate. Instead of framing policy to suit the needs of their electorate, they do the opposite, fitting us in afterwards, a practice compounded by refusal to change.
Essential services should be provided at the cheapest level commensurate with safety and available resources. However, the Scottish government pursues a deliberate policy of artificially increasing electricity prices, seeing their unnecessary fixation on renewable supplies as more important then consumer hardship.
The Indian economy is booming to the extent that their government regards UK aid as “peanuts” and actually asked for it to be stopped, but our detached politicians insisted on retaining it. Their reason? It would cause “grave political embarrassment” to Britain. Not to the British public, it wouldn’t!
Nor, I think, would they have agreed to the EU demand for higher contributions from member countries all having to cut their own domestic budgets. A considerable reduction on present payments would be a more likely reaction.
Uncontrolled immigration is another blight on Britain well known to our government, who nevertheless do nothing about it. I’d bet most of the public would just cry enough and put an end to it. It’s time our politicians looked at life from the public’s point of view. Bob Dow
This, of course, has no connection to the announcement that Gamesa is planning to build turbines at Leith and create '800 jobs!!!
Gamesa's Glenluce wind turbine rejection overturned
An 18-turbine wind farm in Wigtownshire has been approved by the Scottish
government after being rejected by Dumfries and Galloway Council.
Developer Gamesa Energy UK appealed against the decision about the scheme
at Carscreugh Fell near Glenluce.
Councillors refused the bid last April due to concerns about its landscape,
visual and archaeological impact.
A reporter to Scottish ministers has now ruled the proposals can proceed
with a string of conditions.
The wind farm also includes a control building housing 40 solar panels.
A reporter found the energy park would increase the amount of power
generated by renewable resources and "would tend not to overwhelm the skyline".
She concluded it was in "broad overall accord with the relevant development
plan".
Scottish Natural Heritage and Historic Scotland had asked for a total of
six turbines to be removed from the scheme.
However, the reporter found that would not provide an improvement of
"enough significance to warrant the resultant major drop in energy output."
________________________________________ Alastair Harper
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