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The Forum > Article Comments > Staying the course while Central Banks tighten > Comments

Staying the course while Central Banks tighten : Comments

By Michael Knox, published 14/12/2022

By the time we reach the middle of 2023, the process of Central Bank tightening will be completed.

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Yes, well, is there another choice. The average joe has to simply cop it on the chin. As energy created inflation Phucks economies

The elephant in the room is, to reiterate, energy accompanied by the price gouging of profiteering energy companies.

And highlights the absolute and enormous idiocy of the privatization of public energy companies, both mining, generation and reticulation. And the mind-boggling stupidity of intellectually challenged politicians who presided over the fire sale of energy assets at basement bargain prices.

And remain incapable of initiating change due to the fact that they don't have their political master's permission and here I am not referring to we the people, but big money vested interests, coal and power companies, union heavies.

The only possible reason we haven't already transitioned to now, much, much cheaper the coal MSR thorium. And power prices lower than 3 cents PKWH. Power that cheap would take all the steam out of energy created inflation! Instead of action we get endless polly waffle.
Alan B.
Posted by Alan B., Wednesday, 14 December 2022 10:25:13 AM
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Footnote:

To put it in context, we are now living through the worst financial crisis in history.

Ever western style economy rest solely on just two economic pillar, energy and capital. Both of which are under sustained attack and have become all but entirely unaffordable.

We can do something, but that would mean our gutless government would have to buck the energy barons who go on about stranded assets, a resulting financial crisis and such.

Knock, knock, anybody home?
Alan B.
Posted by Alan B., Wednesday, 14 December 2022 11:18:28 AM
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