The New Global Economic Reality

The global economic reality has been playing over the last decade under the watch of economic and political institutions, leaders  and experts with almost all getting it wrong and being a victim of their own superficial intellectual prowess.

Over the years we have seen global economic melt downs, political uncertainty, poverty surge, increase civil unrest, mass migrations and alarming rate of unemployment in most countries. In all of these the very few that control the means of productions, wealth and in leadership position both economically and politically are better off and untouchable. This has lead to the economic and political elites to directly or indirectly ignore, neglect and insensitive to the plight of the majority working class and thereby prioritised and protect their collective interest. All the working class get is their collective interest reduce to mere numbers, indexes and promises that does not translate to reality on ground rather a subjective representation of the wealth and growth of the very elites.

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In all of these we find ourselves in a situation were economic experts and politicians cannot be trusted and as such the very foundation of all economic institutions and national economies is threatened with uncertainty, exploitation and corruption.

Protestors hold signs behind Fuld as he takes his seat to testify at a House Oversight and Government Reform Committee hearing on the Lehman Brothers bankruptcy in Washington

To provide a solution which seems to be ever becoming difficult as the years go by, we must first look back to how we got here. As an environmentalist, energy consultant and financial specialist with little economic background, I am not an economic or political expert but from my knowledge of global economy and events believe that the aggressive pursue and quest for globalisation and international dominance economically and politically which eventually lead to the gradual erosion of national interest and sovereignty is the root cause of the situation we find ourselves today.

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In the heart of the process of achieving globalisation and international dominance or recognition leaders of economic and political entities resulted in the use of any means necessary to achieve its aim. Unregulated greed, insensitivity, intolerance and corruption became the order of the day under the guise of free economy, free market, free trade creating an uncontrolled economic bubble, credit economy and political opportunist which eventually resulted in economic collapse, credit crunch, civil unrest, conflict, wars and terrorism.

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The new global economic reality is therefore one that will revert the wheel of globalisation and international relations and foster protectionism, nationalism and national sovereignty as a priority. The success of this new global reality will depend on individuals and nations to strike a balance  in addressing and protecting domestic economic realities with maintaining and promoting international relationships that is base on mutual respect and benefits for all interest groups. This is definitely going to be almost an impossible undertaking but today’s reality that will require lots of hard work and time especially to bridge the gap between rich and poor, revert the ever increase revolution of the working class that are the core victims of globalisation and international politics and to create an economy that benefits the majority, not the privilege few.

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All this will come down to individuals and nations getting the balance between production and consumption of food, energy and services in a way that works and benefit the majority of people. This is were we have to go back to the basic principles of demand and supply, production and consumption, goods and services, not forgetting the common denominator which is the people and the environment (land, air and water).

Written by Dennis Bebo TA DenEco.co.uk

Staying safe around gas appliances

Gas appliances are very important in heating, cooking and lighting but needs to be used in a safe manner to prevent unsafe and dangerous occurrence. The common used gas appliance in the UK are boilers, cookers and gas fires.

EPC BB10 1PT electric meter.JPGFour Steps you can take to protect your home or building from gas related hazards

  1. Fit an audible carbon monoxide alarm

carbon monoxide is a highly poisonous gas. It is difficult to detect because it has no colour, taste or smell. It is a byproduct of incomplete burning of fuels like gas, coal, wood and charcoal indoor due to lack of oxygen required for complete combustion.

Breathing in carbon monoxide can kill you. Even in less serious cases, it can lead to long-term health problems. Some of the symptoms of carbon monoxide poisoning are: Feeling short of breath, Mild nausea, confusion, feeling extremely tired, mild headaches, abdominal pains, sore throat and a dry cough.

An audible carbon monoxide alarm works like a smoke alarm: you can fit one to your ceiling and it will go off if it detects carbon monoxide. This can be a life safer – they normally cost between £20 and £45

2. Have your gas appliances – Boiler, fire, heater and cooker checked regularly by a Gas safe registered engineer

If you think a gas appliance might not be working properly, stop using it straightaway and get it checked by a qualified gas safe engineer

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3. Don’t block ventilation

To stay safe always ensure adequate ventilation is maintained and do not block ventilation specially when using gas appliances. In the event of gas leak or carbon monoxide poisoning open doors and windows to let air circulate.

Also learn to spot the signs of carbon monoxide poisoning and leak

4. What to do if you think you’ve got a gas leak

  • Put out any naked flames including cigarettes
  • Don’t switch any electrical appliances on or off including light switches
  • Open doors and windows to let air circulate
  • Turn off any gas appliance you think might be causing the leak
  • Keep people away from the area
  • Turn off your gas meter if it is safe to do so

If you smell gas or you need to report a gas explosion or fire in the UK – call the National Gas Emergency Services helpline straightaway free on 080011999.

For free advice on Property purchase, energy savings and more visit www.deneco.co.uk

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Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Save money not waste it on energy

Saving money is the most effective way of economic growth, recovery and sustainability for households and businesses. There are various ways of saving money which includes putting money away on a bank saving account, reducing your spending and managing your budget. But saving on energy is endless and provides the most effective means to maximize your savings.

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UK households spend on average of £106 a month on home energy according to DECC with energy making  up to 8.1% of household overall spending. It is also worth knowing that a recent report in 2015 found that UK energy consumption has fallen over the past 5 years by 14% but the average household spent more than ever before on energy bills.

Experts attributed the contrast between falling energy consumption and the rising cost of bills to energy supplier’s profit margins. so as a country, the UK is becoming more aware of the amount of energy that its using and making efforts to source it in a more cost effective and environmental friendly ways. But the average cost of a household energy bill continues to rise along with supplier profits.

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The solution is to stop wasting money on energy bills that only increase the profit margins of energy suppliers and switch supplier on a regular basis to the cheapest provider as it makes no difference to the energy supplied. Although there are various ways of saving money on energy but switching  supplier is the simplest, easiest and no brainer.

Switch & Save Now Home and Business energy with www.deneco.co.uk

HOME ENERGY EFFICIENCY ADVICE MADE SIMPLE

It’s easy to get worried about how your home energy usage is impacting on your finance, lifestyle, health, safety and the environment. You might have tried to do something about it one way or the other but it seems like your effort is not good enough or nothing appears to change. energy photoThe truth is that you are not alone, there are millions of people struggling to get it right including myself when it comes to home energy efficiency in practical terms. There are lots of advice and some might require investment, change of lifestyle, change of supplier, time, technology, skills, etc. The key is to know the best ways that works for you and keep improving on it to make it work on a regular and sustainable manner.

Three simple ways of home energy efficiency that always works.

  • Reduce your usage:  By reducing your heating, cooking, lighting requirement through home insulation, better thermostatic controls, technology where applicable, eco and energy efficient products. Your energy usage consist mostly of heating and lighting so focus on reducing your heating and lighting usage with the best practicable and affordable method.
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  • Switch energy supplier regularly: Though this might not have direct impact on your home energy efficiency but it does give you the  best opportunity to save money and encourages efficient use of energy through subconscious reminder of the financial benefit of doing so.
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  • Seek help and Advice: There are lots of free help and advice available online and offline from energy experts, government and private organisations and energy suppliers. The key is to  make sure you are getting the best help and advice that suits your need and situation.  Always look at various options before choosing the one you think is best for you.
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