ECB prime rate increase counter productively

The inflation is caused nearly only by the high oil price. The escape from oil needs investitions in new technology, aggravated by the higher prime rate.






  This was not in the schoolbook


Helpless stand politicians and economic leaders in front of the rubble of their inappropriate politics. The oil rush, growth at all costs, the dogmatic belief on the eternal and alway cheap crude oil. The pursuit of the heretic with so called "economic calculations", which turned the oil price in the last month all to waste paperl

In the schoolbook of economic scicence, which brought us in this situation, is written increase the prime rate at inflation. The European central bank acts like in the schoolbook, because the understanding of the correlations is missing.

  The escape from oil has to be financed


New industries have to be built to make the escape from the oil possible. Exisiting industries have to be changed. All the consumers have to buy nearly oil free plug-in hybrid cars. Renovate buildings. This is the only way to fight inflation, by breaking the influence of the oil price on the inflation.

Only a fast escape from oil can reduce the demand pressure on the oil price and reduce in this way the inflation.

  EZB erschwert Flucht aus Öl


Instead of cheap credits for the escape from oil, credits become now more expensive. A further proof, that our leading elites are completely overstrained by the situation.

Politics - political targets of PEGE Politics - political targets of PEGE
Nonpolitical, pragmatic, on the other side of ideologies counts in our politic only one target: A long time lasting civilization able to develop further on a stable base.


Philosophy Philosophy
Long-term planning and stability have to be the guiding rules of politics. A philosophy based on the mathematic branch of games theory.


Living standard
What is living standard? How is living standard correctly measured? Is it possible, that our living standard declines drastic, while uncorrect numbers want to make us belive it's like paradise?


Taxes tax politics
The consequences of the tax politic for humans and environment. The politicians claim to fight for humans and the environment, but the tax politics shows the exact opposit.


Energy politic
Decades of wrong energy politic. Instead of more living standard with less energy usage, partial the contrary was reached. A result of the wrong tax politic.




  2008 The bungle of politics by inaction


The oil price increased January in a very short time to $100. The inaction of the politicians is saddening, because it's goes about our standard of living.

Fossil energy means recession
The decrease of the oil price in the last days proofs: fossil energy means recession. A growth of the world economy is only with renewable energy possible.


Civilization and the ability to store
The ability to store valuable products to balance times of overabundance and times of under-supply is a basic of civilization.


Banking crisis
The production facilities are all intact, only the finance system is groggy. This is a big chance for the politic to do with the production something reasonable.


Oil production becomes a roulette game
The extrem fast declining oil price damages the oil industry much more, than $180 oil price. Investments in costly explorations became extrem risky.


Stock market crisis
There are political streams believing that the stock market will solve all problems of mankind. But how can a stable full of disturbed chickens cause something positive?


Oil price and economic growth
Do we want recession? The dedicing question is not how high the oil price is in a recession, but at 2% economic growth.


2008 The begin of the end of the oil age
Many indicators show a clear result: In the history books will be the year 2008 chained to the begin of the end of the oil age.




Ostrich policy
The oil price jumps in a few month from $70 to $100, the Energy Watch Group dates peak oil to 2006 and our irresponsible politicians put the head in the sand.


CO2 tax determination
2 complete different ideas for the determination of a CO2 tax, replacement of social security costs and the costs to for the removal of CO2 in the atmosphere have the same range.


Dreadful doing nothing
The IEA shows in a complete sharp turn of previous prognoses a catastrophe szenario, the oil price is already beyond §122 and the politicians play clerk Mikado.


G8 want to reduce CO2 emission by 50% until 2050
In Kobe, the environment ministers of the G8 agreed to lower the carbon dioxide emissions until 2050 to the half. A very unrealistic target.


The quarrel about the imperator's beard
France and Germany support the target of the EU commission to reduce the emission of Carbon Dioxide until 2012 to 120 g CO2/km at cars.


Subventions against increasing oil price
Subventions to decrease the demand for crude oil can be highly profitable for the industrial countries by damping the increase of the oil price.


High oil price pays the exit from crude oil
When 1 million barrel a day less demand reduces the oil price by $20, this can be used as the base for a rentability caclulation for the exit from oil.


Oil conference: oil price reaches $140
What would You think, when a junkie promisses his mother to get away from the oildope and 5 minutes later, he whines pitifully at a dealer?


When will be electric power from natural gas twice as expensive as solar
Solar electric power is cheaper than Diesel, but look on the streets, what is driving there? It can be only called a complete failure of politics and economy.




          ECB prime rate increase counter productively: The inflation is caused nearly only by the high oil price. The escape from oil needs investitions in new technology, aggravated by the higher prime rate. https://politics.pege.org/2008/ecb-prime-rate.htm
Context description:  ECB European central bank prime rate increase event events date time month 7 Jul July summer 2008-07-03
event 2008
politics political