Am I the only sane person on this planet?
At the present moment there is 11 times more financial instruments being traded worldwide than the total World GDP. A massive bubble waiting to burst. Here in Australia private debt is 250% of GDP, and yet, in order to buy a house young couples are being encouraged to extend themselves, and borrow 8 times their joint incomes.
Yet the cause of the most recent Global Financial Crisis was the Banks and investment houses selling mortgages that they knew people could not afford (i.e. they committed fraud) and then bet against those toxic financial instruments so that they made billions when they failed. And nobody went to jail.
And the IMF have admitted that they allowed Greece to draw down 2,000 times more than the agreed safe borrowing limit. And, of course, nobody can find the papers on that, or who was responsible for signing it off.
Stop the World I want to get off.
Now the neo-liberal urban elite are decrying BREXIT, in spite of the fact that there are already 8.5 million immigrants in the UK, with more to come, in a country about a third the size of New South Wales, with a permanent population of 60 million. And the much vaunted trade with Europe is running at a Euros 89 Billion deficit per year for the UK. The EU is dominated by an anti-British bureacracy in Brussels, run by a drunken old fool, that has actively encouraged, and funded the transfer of British manufacturing and technology across to Eastern Europe.
Stop the World I want to get off.
And now on a global basis it is predicted that Robotics, and the “Internet of Everything” will be a new Industrial (Digital) Revolution that will throw millions of people out of work. And still we hear that Globalization – a euphemism for Americanization – the only way for mankind to proper.
Are we all going to emulate a society whose only philosophy is “Get rich quick”? A violent society riven by racism, where almost every citizen owns a gun: with 20,000 gun murders a year (including massacres in schools, colleges and gay clubs), with 200,000 aggravated assaults and 200,000 (reported) rapes a year – where 2.5 million citizens are in jail with a further 1 Million on parole – and where the President and Commander in Chief of 40% of the world’s miltary with his/her finger on the trigger is either going to be an ego-maniac jingoist with a ridiculous combover, or a crazed geriatric chipmunk with an adulterous husband: a Wall Street puppet whose CV is littered with shady business dealings who has shown ignorance of, or cavalier disregard for, even the most basic disciplines of national security.
Stop the World I want to get off.
But I guess it was always so. Look at the chaos in the Middle East, whose past is littered with fools, carpetbaggers, despots, religious zealots and power crazed politicians – and outright thieves. If you want insights into how it got into such a mess read my book THE GULF “Reaping the Whirlwind”.
It is a linked series of character studies of archetypal expatriates who wash up in the the Arabian/Persian Gulf, victims of powermad politicians’ wars, greedy finance house excesses – and in some cases just victims of avaricious Western wives, and out of control drug-addled teenage children. Welcome to the modern world.
It is based on my 40 years in the international oil industry, most of it spent in The Gulf. You can preview it on:
or
and download it if you have a Kindle.
If you prefer a real book in your hands, order the paperback direct from my publisher:
thegulfdotcom 