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Tim Watkins

Collapse through five stages

In 1969, Swiss-American psychologist Elisabeth Kübler-Ross published On Death and Dying – a book based upon her observations while working with terminally ill patients.  Her broad proposition was that, faced with their impending demise, people move through five emotional-mental states – DABDA – Denial, Anger, Bargaining, Depression, and Acceptance.  Although …

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The danger of circular thinking

Year-on-year price rises continue here in the UK, driven almost entirely by broken supply chains, rising energy costs and fertiliser shortages (which cause the rise in food prices).  For journalists, politicians and central bankers (trapped in the neoliberal belief that inflation is the greatest economic evil) the solution is simple …

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Welcome to the oil death spiral

There is something deeply tragic about watching people who would be dead within a fortnight without oil nevertheless calling for oil – and fossil fuels more broadly – to be banned immediately.  It is possible, of course, that these people believe that food grows inside supermarkets or that the chemicals …

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The slaves’ revolt the elites can’t defeat

In the aftermath of the 2016 peasants’ revolt, in which Britain accidentally found itself falling out of the European Union while Americans looked on with joy and horror as a former TV host accidentally became president, the elites who pull the strings have become increasingly paranoid.  One manifestation of this …

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This circle can’t be squared

The UK government has spent the weekend heavily briefing that big tax increases are on the way.  The return of former Chancellors George Osborne and Philip Hammond to government circles also suggests another round of economy-crushing austerity is also being considered.  As George Parker at the Financial Times reported yesterday: …

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Central banks are stealing underpants

Let’s talk about supply shocks.  Cast your mind back to the beginning of March 2020.  Remember how everyone panic bought pasta and toilet paper?  Except that it didn’t really happen – at least on a large scale.  What happened was, in their usual underhand way, the establishment media paid supermarket …

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Your recession is in the post

Making any kind of prediction is always risky… especially about the future.  Nevertheless, there is a growing consensus that a recession is on the way – I would argue that had it not been for rigged official data, a recession would have already arrived.  Less clear though, is what kind …

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