Summary
Mr. Stanley McWilliams - Independent Consultant Your fault, my fault, nobody’s fault; ..... I share your frustration hoever there is afurther driver of energy costs which is what is driving the speculators Like it or not we now face peak oil, when the world's oil and PRODUCTION enters terminal decline. Many take comfort in their faith the oil industry will continue to meet unconstrained demand, we can't. Demand continues to rise people talk of carbon, many of us are focussing on energy and from we will get it. On share specuflation consider 2 layers of economic activity. Those that do, we make, distribute install goods and keep the economy rolling. These industries generate the cash and real wealth creating bank and pensions deposits. Those that specuate. They play with the money we are creating. All they do is move money around, vast ammounts. They do not actually add tangible value only perceived, i.e what others will pay. Get it wrong they crash and we burn.
Analysis
The speculators are elevated to the ranks of gods, can do no wrong, are largely unaccountable and by the time they have been found wanting they have pocketed milions and now billions for sohpistcitaed gambling.
Meanwhile we the industrialists who actually deliver goods and services and our customers in industry and public pick suffer the consequences f these irresponsible, greedy and dangerous people.
A case of the kings new clothes methinks. Tme the edifice was challenged and toppled in a controlled manner.
