New British government to turn BoE into cheerleaders for global market speculation
Cogent observations Anne. Finance's overweening monopolistic power over commodity prices is another example of how they violate Lord Acton's dictum that power corrupts and absolute power corrupts absolutely. There might be nothing wrong with speculation per se if it was firmly regulated along the ethical lines of the natural philosophical concept of grace and the new monetary paradigm of Direct and Reciprocal Monetary Gifting whose primary policy of a 50% Discount/Rebate policy at retail sale temporally expresses and universally implements that new paradigm concept for every individual and commercial agent. Such policy would mathematically end inflation by in effect implementing beneficial price deflation.
The two cardinal signatures of all accomplished historical paradigm changes are 1) the inversion of present temporal universe reality and 2) the resolution of the major "unresolvable" problems that have grown up around the old/present paradigm.