Expected Unintended Consequences
“The expected always happens.” (Benjamin Disraeli)
Summary:
· The Italian State’s tax on hypothetical bank “excess profits”, which no longer exist, is an economic headwind that makes Italian assets vulnerable to acquisition.
· Presumably, rather than commit economic and political suicide, the rational Italian policymaker intends to trigger national consolidation, in order, to evade acquisition by external interests.
· The German policy of applying Stagflation to fiscally neutralize the nudge from “Brown Sectoral Bondage” to “Green Manumission” has significantly uncertain outcomes.
· The German Stagflationary strategy, therefore, demands a substantial yield premium and/or Euro currency value discount.
· The truth is that Wall Street is the first American casualty of the “Techno-Economic War”.
· Wall St. worries about the cyclical sell-off in the Technology Sector rather than the existential threat to its franchise from technology.
· US Technology Inc. has allied with the “Masters of the Economic Universe” to evolve the system of governance into a Pantechnocracy that replaces the Founding Fathers’ Constitutional Plantocracy/Panocracy.
· The Pantechnocracy is self-financing and self-governing.
· The US Pantechnocracy ensures a continuity of governance that is immune from the partisan vicissitudes of US politics.
· US Pantechnocracy is better adapted to the Polycrisis environmental fundamentals than its democratic predecessor.
· “Friends-and-Family Shoring” may not be coming home to God’s Own Countrystan at the next Ungoverned Kingdom (UK) general election.
· “Greasy Little Fingers” will not be returned to the “Greasy Pole” at the next “Greasy Election Poll” in the Ungoverned Kingdom (UK).
Extracts
· The IMF advocates saving the Euro, and the ECB, at the social cost of the European Project.
· Removing fiscal dominance requires the submission of governments, and the suppression of militant voters, to depressionary economic fundamentals.
· Populist demagoguery and large disenfranchised cohorts, of the Eurozone polity, will violently resist the IMF’s prescription and its agents.
(Source: the Author)
· Ex Post-Sintra, the Germanic Core Consumer is extending and pretending while the Peripheral Consumer has become Austerian.
· Lagarde’s expansion strategy implies consolidation of the Austerian Periphery into the Germanic Core.
(Source: the Author)
· The ECB is betting that the extended/pretended Germanic Core Consumer will remain solvent, for longer than the Austerian Peripheral Consumer, in order to consolidate him/her/they etc. etc.
(Source: the Author)
· The halo of the “stagnating/stagflationary” flow, of commerce, through the Rhine artery, is being used as an allegorical factor in the “German Sickness” and the Green Solution diagnosis.
· Germany has traded the Brown Sectoral Bondage to Russian Oil & Gas for Brown Sectoral Bondage to domestic coal and wood rather than Green Manumission.
(Source: the Author)
· The Masters of the Asset Class Universe love “Speaker Pelosi’s Bottom” and still love to wreck monetary policy.
(Source: the Author)
· “Friends-and-Family Shoring” is the Ungoverned Kingdom’s (UK) Polycrisis strategy.
· Blue Horseshoe loves INFY, but he’s really got the hots for BP.
· Behind the next great fortune, in the Ungoverned Kingdom (UK), lie the lies about Energy Security.
· The Carbon Footprints in the Ungoverned Kingdom (UK) follow the VIP Lane, by way of a private jet, away from the Green Transition, to great fortune behind which lies the familiar/familial nepotism.
· Conflicted commercial and pecuniary extended family interest has been obscured behind a plausibly deniable cloud of Energy Security.
(Source: the Author)
