Pyrpolizer wrote:Lordo wrote:Pyrpolizer wrote:Their hypocrisy has no limits. The good news is that the American mono-polar World will be over in a few years, the $ will seize to be the reserve currency, and international trade will be done in national currencies. And then the Americans et al will learn that printing money without causing inflation is a DREAM of the past. Possibly the EU will be dismantled as well. Inshallah
We live in hope but the free trade area in EU is very helpful for trade as we have found to our cost. Our exports to the EU after Brexit are down by one third. Just the paperwork involved in trading costs more to prepare than the fee we used to pay to be a member of the club EU.
You missed the point. Britain as well as the EU and the Americans live beyond their capabilities by controlling the money, the Energy markets, and poorer or weaker nations. For example the "city" of London, which is all banks and stock exchanges makes 25% of the whole GDP of UK, by just playing with money.
So don't expect what's coming up to benefit the UK. We are leading to more fair world, in which all this "western club" will lose their unnaturally comfortable life, as well as their sleep. Sorry.
I agree with everything you say, it is about time everybody earned their money. As to the energy market, there is nobody being screwed more than the EU citizens as well as UK. The electricity suppliers propose a price for the electricity they will deliver to the national grid and instead of the grid buying the electricity at the proposed rates, and working out what they should charge for delivery, they take the highest proposal and make all the other suppliers to charge the same. The rest are not allowed to charge their own level of charges.
This was created by Thatcher when she created false market during privatisation of the electricity industry and by some strange reason the whole EU picked it up too. The cost of gas when electricity is generated from gas is 41% of the charge they make when selling Electricity. The price of gas shot up 400% all it did is increase the gas price to 160% of the production cost. The actual price of electricity should not have exceeded 220% when you include other charges (59%) which includes profit when selling Electricity using gas. They managed to push the price up by 500%+, Varuvakis calls this the energy scam. You cannot make it up. Quite why EU has gone along with that is not easy to see but I will credit the Germans and the Dutch, they have since nationalised their energy supplies and very cheaply too. Who says Nationalisation does not work.
