Tag Archives: Brexit

Boris Johnson and the Dark Lord.

Michael-Heseltine

 

One of the great constants in recent Tory leadership elections has been the sudden emergence of Michael Hestletine from his earth-filled coffin.

The man who shafted Margaret Thatcher and who by doing so, not-only failed in his own ambitions to become Prime Minister but single-handedly established the modern dynasty of ineffectual Conservative Party leaders: Major, Hague, Duncan-Smith, Howard and of course, latterly, the toff’s toff, David Cameron.

As a result of Hestletine’s treachery and blind ambition, he consigned the Tories to almost perpetual Opposition and it took until 2015 for them to achieve a parliamentary majority, the last one having been under John Major in 1992. That is TWENTY THREE YEARS – and it was all thanks to Hestletine.

There’s little point in The Bitter Lord accusing Boris Johnson of  creating “the greatest constitutional crisis in modern times”.….and that BoJo  has  “ripped the (Conservative) party apart.”

He then went on to describe Boris as “like a general, that led his army to the sound of guns, and at the sight of the battlefield abandoned the field.”

The electorate knows that all notions of Conservative solidarity, accord and harmony are as real as a weekend trip to Narnia and that disloyalty and betrayal are food and drink to the party. Factional in-fighting and the election of bad leaders is what they do!

In spite of his comparatively posh upbringing and background, Boris has proved himself to be a likable politician as well as an efficient and creative administrator during his stint as Mayor of London.

Hestletine (other dinosaurs ARE available) should be put on notice that in spite of the fact that Boris may have been royally screwed on this occasion, his day will come.

 

 

 

Brexit process

Do not be surprised if those European Union negotiators ‘stonewall’ the United Kingdom delegation for the next two years in order to force them to walk away without any trade deals in place…..as an example to other EU members with exit ambitions.

Roy of the ‘They know it’s all over’

royIt would seem that former England Manager Roy Hodson was most likely delivering his half-time motivational team talk to England’s pointless prancing prima donnas with a pre-written resignation letter in his pocket.

He didn’t, by any chance,  also write those suicide notes that Cameron and Osborne kept reading out before the referendum vote, did he?

 

Corbyn and Cameron – Taxi!

corbyncameron

 

Yes, all you Corbyn supporters – he is a decent man.

Unfortunately, decency is no substitute for competence and unfortunately, Corbyn is to leadership what Osborne is to fiscal credibility.

Let us hope that Jezza does not suffer a protracted political death but a surgery that is swift and clean.

And let us not forget that Cameron’s Westminster equivalent of a Dignitas booking was already in the diary well before his sniveling performance at the No 10 microphone last Friday. It’s just been brought forward.

Remember that in two attempts, he was not able to secure a decent parliamentary majority: Once against the lame duck Brown and then opposite the gawkily wackadoodle Miliband.

Cameron’s management shortcomings have never been better exemplified than by the fact that with at least six years’ warning, he went into a referendum WITHOUT having prepared a Brexit plan!

It’s all very well for the country’s thickos to keep repeating… ‘Those Brexit Winners don’t have a plan. They never had a plan….’.

It is NOT their job to produce a plan.

Government Plans are produced by a government. It is a government’s responsibility ….and the Brexit plan should have been in place for years. It’s not as if the referendum was a surprise!

We are now being treated to the very unedifying spectacle of Cameron gathering his Cabinet today (27th June 2016)….for what appears to be the very first meeting(!!) to decide on a Brexit strategy.

UNBELIEVABLE!

Carney…..Taxi!

Government lackey and ex-Goldman Sachs director, Mark Carney, who was hired as Governor of the Bank of England by Chancellor Osborne has little choice but to resign.

He has badly compromised the Bank of England’s impartial status by clearly attempting to influence the outcome of the referendum through blatant pro-Remain and pro-Osborne rhetoric throughout the campaign.

The Old Lady of Threadneedle Street needs a Governor untainted by the referendum shenanigans of the last few months.

Osborne – Exit Right.

Chancellor Gideon, who referred to the Brexit campaigners as economically illiterate and ill-informed (probably in a vain attempt to establish some common ground with them), has added: “It’s not the outcome I wanted but I respect the decision of the British people and will do all I can to make it work.”

There is only one way that Gideon can make it work…..GO quietly.

Resignation by Wednesday?

Brexit – the Highlights

There were only two highlights:

  1. Cameron and Osborne in their now customary Bob the Builder fancy dress of hard-hat and high-viz jacket, dispensing their fabulously entertaining post-Brexit comedy “facts” designed to scare the crap out of the British public. Priceless!
  2. Labour leader Jeremy Corbyn reciting his ‘Remain’ speeches with all the enthusiasm, delivery and expression of a bipolar Santa undergoing a prostate examination.

 

President of the European Commission, Jean-Claude Juncker, who appears to see himself as the King of Europe has begun his bullying campaign because HE wants Great Britain to begin the EU-exit process ASAP.

There is absolutely no provision in Article 50 for any sort of time limit or exit standard.

Someone at the F.O should politely tell M.Juncker to F.O.

Referendum After-Shock

crycam

 

I am still in shock! Not because Great Britain is leaving the European Union, which, in spite of all the post-referendum whinging, was definitely the correct result …..but by Cameron’s reaction.

Instead of coming to the Downing Street microphone, conceding graciously and then outlining his government’s plan to take our country out of the toxic, over-administered and failing EU, he sniveled like a 1st former telling his housemaster that a senior boy had nicked his bag of sherbet lemons in the tuck shop queue……and did anyone notice that there was no EU exit sequence offered  to the nation? No plan. He is just walking away!

It is NOT Boris Johnson’s or Michael Gove’s job to have a plan. It was up to Cameron to have a contingency plan ready – but then , it is easy to forget that he works on expediency and not organisation. Plus his own vanity would have prevented him from even considering having some sort of ‘exit road-map’ ready – just in case.

Nevertheless, it is still hard to believe that the United Kingdom does not have an off-the-shelf  exit timetable ready. Even that incompetent, overpopulated, self-serving Brussels bureaucracy which underpins the EU certainly has a plan…….. and by having a plan, it, yet again, has placed itself in the driving seat.

Both Cameron and Osborne are ‘fair-weather’ managers who, as I have suspected for several years, would be utterly useless in a crisis – even one of their own making….and I have finally been proved right.

Make no mistake, all you Remainers…..it is NOT the electorate’s fault that we are leaving the EU. The fault lies with Cameron, Osborne and their advisers.

No more “I love my country” bollocks please, Mr Cameron. If you really loved your country above yourself and your career, you would  NOT have resigned.

You would be eyeballing those Brussels Commissars across a table and explaining the new facts of life to them…….and NOT sneaking off like a thief into the night and leaving others to clean up YOUR mess.

 

“Pournelle’s Iron Law of Bureaucracy states that  in any bureaucracy, the people devoted to the benefit of the bureaucracy itself always gain control…… and those dedicated to the goals the bureaucracy  will gradually have less and less influence and often will be eliminated entirely.

The #EU administration in Brussels and Strasbourg is such a bureaucracy…….and if it continues to be ‘fed’, it will soon exist for its own sake and behave like a quasi State.

In fact, it is comparatively easy to see that the process has begun and is already at quite an advanced stage.

EU Referendum – the last word.

 

 

juncker2
“Suckers!”

As a UK taxpayer, ask yourself whether you are happy with continuing to contribute so very generously to the salaries and pensions of the 85,000 (and counting) unelected employees temps, contract staff, family and friends within the #EU bureaucracy as well as subsidising their homes, offices and vehicles. At least 10,000 of them are now receiving over €70,000 per year.  The top grades earn up to €20,000 per month.  A “President” earns about €350,000 per year plus an allowance for a residence equal to 15% of salary as well as other allowances including allowances for children’s schooling and household expenses – say about half a million euros – NOT counting expenses.

Incidentally, you may not know that the EU pension scheme is a ‘defined benefit’ (final salary) scheme of the sort that we in the UK have decided is unaffordable…. and many EU functionaries will be retiring on up to 70% of their final year’s salary. Look out for inevitable ‘pension hole’ in the not-too-distant future!

If you are happy with the above numbers and honestly believe that we are TRAPPED within the EU for ever, you should vote for us to Remain.

If however, you believe that those fabled EU excesses mean that it is time for the CTRL+ALT+DEL buttons to be pressed simultaneously, then it is definitely time for BREXIT.

George ‘Greed is Good’ Soros is at it again.

soros

Writing in the Guardian, currency speculator George Soros has said sterling would “decline precipitously” if the Leave camp won Thursday’s referendum vote. Once again, he is talking as if sterling will be throwing itself over a cliff. Nothing could be further from the truth.

In effect what he is doing is putting the United Kingdom  on notice.

Currencies such as sterling  do not fluctuate by themselves. They fluctuate because people such as Soros and their armies of Forex screen monkeys bet against the currency in the pursuit of profit.

Nothing in the UK will have changed by midnight on Thursday – except Soros and his ilk kicking off a worldwide currency trading orgy : “Let the sell-off begin!”

We voters should understand that everything bad that Cameron and the Remain camp have been prophesying in the event of Brexit will have its roots in the future behaviour of the banking community. It is they and heads of companies who owe them money who are calling the shots – not the politicians. Just think back at the ‘suits’ who have been squealing the loudest for a Remain outcome!

Soros has warned of “serious consequences” for British jobs and finances if the country leaves the EU.

It is time we all called the bankers’ and the financiers’ bluff. They could quite easily have said that in the event of either a Remain vote OR Brexit, they would offer full support to our economy.

Even the Governor of the Bank of England has failed to confirm that he and his bank will do everything that they can to support the British economy irrespective of the referendum outcome.

They have failed us yet again.

Jeffries & Co. / NYC

Loving the way that Forex and Equity screen monkeys all over the world are blaming a probable BREXIT for market uncertainty.

The real culprits, chaps …… are too much debt, not enough growth and clueless politicians.

I find it terribly sad (but not surprising) that so many senior British politicians feel themselves incapable of governing our country without the ‘support’ of the 85,000 Brussels Bureaucrats who are bleeding-dry an organisation which began as such a great concept.

Our politicians’ blind panic is all too evident in the words of doom and misery which they have been spraying around since the EU referendum campaign launched only a few weeks ago.

Yes, standing alone can be scary but many of us do NOT believe that we should remain purely because Cameron is telling us that we are PERMANENTLY TRAPPED within the EU – which is exactly what the all REMAIN campaigners have (wrongly) concluded.

Judging by the words words of trepidation and hopelessness  we have heard over the last few weeks, it would also appear legitimate to assume that Cameron and Osborne are no more than Sooty and Sweep to the Banking Establishment’s Harry H Corbett.

 

 

DC and Gideon – The screw-up of the century?

hard hats
Look George! It’s one of those..er…’workers’!

By nominating themselves as the main spokesmen for the EU referendum  IN-vote, Cameron and Osborne have made a gross error of judgement.

Not for reasons of personality or presentation skills – those are abundantly evident  🙂 – but because they have come to believe their own publicity.

Let’s spell it out: The Conservatives did NOT win the last General Election either because they were liked or even because voters believed their rather flaky economic predictions and even flakier claimed economic achievements.

They were elected because the alternative (Miliband) was TOO horrible to contemplate. It was not Sir Lynton Crosby who won them the 2015 General Election, it was Ed Miliband.

There aren’t enough high-viz jackets, hard-hats or factory production lines in the country to convince the average British voter that there is some sort of “connect” between themselves, DC or his sidekick.

Cameron and Osborne should stop all the nonsense of posing among ‘ordinary’ workers in factories owned by aspiring ‘Sirs’ and spouting their dystopian EU piffle.

They should both go back to Downing Street and wait.….and a couple of phone calls to Pickfords wouldn’t go amiss either!

What is it with Chancellor George Osborne and bankers?

This morning, when he issued his ultimatum to the British public with threats of tax increases if they voted in favour of Brexit , he was standing shoulder-to-shoulder with Morgan Stanley director Alistair Darling.

Yes, they’re all at it….. For instance Darling’s former boss Gordon Brown has also ‘transitioned’ and is now ‘adviser’ (ahem!) at global investment management firm Pimco.

Is it coincidence that they all want to remain within the EU?

EU – The political Hokey Kokey.

A group of clowns smile during a family photo for the Latin American Clown Convention in Mexico City. At least 500 clowns from Peru, Belize, Nicaragua, Honduras and Costa Rica are taking part in the event. (Ronaldo Schemidt/Getty Images)

 

Have you ever wondered HOW the handling of the EU referendum by Cameron and his Cabinet is perceived in Europe….and indeed, by many in the United Kingdom? (See above)

Sadly – it’s quite justified.

Now that the experts have finally realised that every TV appearance by Cameron OR Osborne adds 100,000  to the Brexit vote, we may not be seeing so much of them or hearing any more of their transparently Munchausenesque pronouncements.

Hopefully it’s not too late to persuade the wavering voter that if we leave the EU, life in the UK will NOT look like  Chernobyl after a weekend visit by the Four Horsemen of the Apocalypse.

Cameron’s tales  of Pestilence, Famine, War and Death have been grossly exaggerated for dramatic rather than factual purposes.

As the magnificent FDR said during his inaugural address :

“The Only Thing We Have to Fear Is Fear Itself”

Deep down…..we KNOW what to do.

What Cameron et al have been indicating by their prophesies of doom and gloom, if we should democratically opt for Brexit, can be summarised as follows:

The EU and its 90,000-strong Brussels bureaucracy have us by the balls and we can NEVER leave…. even if we wanted to.

There are salaries and ‘expenses’ to be paid, pensions to be distributed plus dodgy grants and loans dished out to relatives and friends!

WE ARE PRISONERS.

Cameron has failed to notice those Europäische Union signs.

OK – we accept that Cameron does not feel capable of managing the UK if we vote to exit Die Europäische Union (EU).

What with a post-brexit economic collapse, rising interest rates, falling house prices, a collapsed currency, no export market and being overrun with unwanted migrants – it would take someone with abilities far above those enjoyed by Cameron to steady our country with its already flaky economy and drive it forward.

The latest is his pensions forecast  which unsurprisingly is also laced with doom-laden suppositions which really do suggest that the United Kingdom is UTTERLY TRAPPED within the EU for ever. That is to say that we are  permanent members of an organisation which is really nothing more than a ready-made export market for Germany…….. with NO WAY OUT.

We are a PRISONER ECONOMY.

The only question is WHY have successive Prime Ministers (including Cameron) and their governments failed control a situation whereby one day we would be so inextricably tied to the EU, that if we ever even THOUGHT about leaving, EVERYTHING would collapse…….

Or, perhaps Cameron and his cronies really are scaremongering?

Surely not!  🙂

EU Pseudo Facts

It’s a  bit rich when Dave ‘The Voters’ Friend’ Cameron accuses Gove and Bojo of pseudo-factual inexactitudes! That’s only because it would be unseemly for him to refer to them as ‘f*****g  lying  b******s!!’

Cameron is achieving the double-whammy of not only losing the argument but he is beginning to act as if some of his marbles have gone astray. He is stressed out and, as any decent shrink will tell you, stress is all about the future. Yes, DC does look as if he should be taken to a place of safety – but that place is NOT the European Union.

Whatever happens on June 23rd – whether we Brits decide to stay within the cosy confines of  the Europäische Union (oops…sorry….typo!) or whether we leave and expose ourselves to the risk of mega-economic success and a new social sparkle through REAL independence , Cameron will be made an offer he cannot refuse.

No matter WHAT the great British public decides, he cannot call two senior colleagues , (one of which happens to be the Lord Chancellor), ‘liars’ and then expect them to serve in his Cabinet.

By referring to the ‘NO’ politicians as fibsters, he has managed to remind the voter of his and Chancellor Gideon’s own numerous fantasy claims about the ‘consequences’ of opting to leave the EU…………… Pot-Kettle and all that!

We cannot wait for the next two weeks – when the referendum debate is set to become really offensive and hopefully, the language somewhat less moderated!

W%&*$£s !!!

 

The United Kingdom’s EU “influence”.

If you are still convinced that the United Kingdom has influence within the European Union, have a look at the latest EU Secretariat-General organogram HERE.

Cameron’s ‘no ifs..no buts’ returns to bite him on the (referendum) farce.

We referendum voters (us) prefer to debate and discuss topics which affect us directly.

Unfortunately, just like the average clueless Chief Executive who talks to his junior staff about RoI, RoE, company profits, expenses overruns, fiscal drag , dividends etc., Cameron bangs on about “the economy” which even Osborne admits is affected largely by the Global economic environment – whether we are IN or OUT of Europe.

What affects the population  directly is rampant immigration, living costs as well as this government’s inability to provide adequate housing , schooling and healthcare…..whether we are IN or OUT of Europe.

Cameron does not want to debate immigration because of his pre-election net immigration pledge.

You may recall that he won power in May 2015 on a “no ifs, no buts” election pledge to bring net migration down to 100,000…..and by the way, have you noticed how quiet Home Secretary Theresa May is these days – which is surprising, especially as migration is the NUMBER ONE issue on voters’ minds?

It has become increasingly obvious that Cameron has absolutely NO respect for the intelligence of the average British voter because he now says that controlling immigration will be easier if we remain IN the EU (!).

Such arrant nonsense suggests that he is desperate because he knows he is losing the immigration argument and we  have all obviously failed to understand the logic of his economical claims…..and when I say ‘economical’, I mean economical with the truth.

The EU Remaniacs are handing it to the Brexiteers!

Most of us have become used to the rather unedifying sight of Cameron and Osborne (often looking silver-spoon-awkward in hard hats and high-viz jackets) talking-down the United Kingdom by expressing their belief that without continental support, we are useless, worthless scum who would surely perish outside the EU.

They have both called on various organisations and individuals to reinforce their doom-laden scare-mongering….but whatever possessed Chancellor Gideon to seek approbation from the Chief Executive of a company which was at the epicentre of the 2008 financial crisis and so far, has managed to rack-up nearly £30 billion in fines for financial naughtiness?

Producing JP Morgan’s CEO Jamie Dimon like a rabbit out of a hat and then sitting and simpering while the American spouted  threats of redundancy, general economic malaise and national catastrophe was arguably Osborne’s greatest-ever blunder and a sure-fire vote-winner for the Brexit camp.

It’s all very well inviting one’s likely future employer to the party but Osborne’s judgement has now been exposed to be nearly as suspect as his arithmetic and may have finally bought him a well-earned one-way ticket to political oblivion.

He and his sidekick Cameron have not-only mismanaged the whole “Stay in” campaign but in doing so, have trashed their own already flaky reputations and currently appear to be handing votes to the Brexiteers by the shed load.

Both Cameron and Osborne seem to be working under the misapprehension that they are liked and respected not only by Brussels but by those uber-nationalistic, self-serving, Brit-hating European leaders.

They should both wake up and smell Der Kaffee because they are being USED.

Cameron & The EU – more Chamberlain than Thatcher?

Have you noticed that in the post-WW1, post-Empire era, the British Establishment’s default position in respect of any perceived trouble from a foreign “authority”  has been appeasement?

Remember Edward VIII cosying up to Hitler? Chamberlain’s piece of paper? Churchill handing Eastern Europe to Stalin?

More recently, the policy of appeasement in North Africa and its despotic dictators has resulted in the out-of-control tsunami of mass migration.

Thirty-five years ago, the United States put enormous pressure on Margaret Thatcher to pursue a policy of appeasement towards Argentina after it had invaded the Falklands. She had the courage to ignore them. Yes, there were sacrifices but we prevailed and can do so again.

‘Appeasement’ used to be a conscious policy designed to avoid confrontation and war…. and with very few exceptions, that is the policy which is still prevalent. For instance, consider Putin, Crimea and our collective inaction.

Today, the Establishment believes that if the United Kingdom exits the European Union, there will be an economic and social war….and that is the single premis upon which we are being asked to vote to remain within the #EU.

Before the Brexit campaign began, I, along with many others felt very neutral, assuming that whether we were IN or OUT would make little difference to our lives – and that is probably far nearer the truth  than EITHER side would have us believe.

However, having listened to Cameron and Osborne  and their Establishment friends describe a  Brexit-fired apocalypse and the dystopian neo-Dickensian gloom  into which we would be plunged if we had the temerity to vote against the wishes of Frau Merkel, the Brussels Commissars and the Banking establishment, many of us have changed our minds.

Our vote on June 23rd is not merely an IN-OUT vote or even an expression of the majority’s anti-Cameron sentiments……It is a LEGACY vote.  The vote is not just for us and should certainly not be decided on the basis of the Establishment’s dire forecasts.

Our vote will be for the generations to come and THEIR place in a world.

A world which is rapidly degenerating into chaos – with The Middle East, North Africa and mainland Europe at the forefront of these seismic and probably irreversible changes.

A sharpish Brexit seems to be  the only option.

It’s all Dutch to me…..

Today, David Cameron, emboldened by yet another pointless meeting with Dutch PM Mark Rutte  said that leaving the European Union would “crash the economy and increase migration.” If you say so, Dave….

Rutte, by profession an HR man with a History Degree added helpfully that Brexit would trigger “an inevitable, unavoidable race to the bottom”.  He should know – he had a decent career with Unilever before entering politics 🙂

When these two giants of the world political stage met in Chequers two years ago their discussions focused on EU affairs,  specifically how to reform Europe to make it drive economic growth.

That went well.

Poll shows Brexiters in the lead!

A Guardian ICM telephone poll of a few days ago clearly shows the Brexit enthusiasts in the lead.

Credit for this turnaround has to go to two people: David Cameron, George Osborne and their Comedy Statistics.

Surely, all that the Brexit campaign has to do now is keep Farage out of the limelight and rely on DC and Chancellor Gideon to produce yet more dodgy arithmetic to generate a 55.8345%**  chance of the UK voting to leave the EU to its rubber rafts, bureaucrats and failing economies.

 

( ** They started it!) 

EU and those pesky Economists!

Apparently 90% of economists say that the United Kingdom should remain within the European Union.

Is that the same 90% which wanted us to abandon the pound sterling in favour of the euro?

Or perhaps it’s the 90% + which didn’t see the 2008 financial crisis until 2009?

Maybe it’s the same crowd which can never predict GDP growth, interest rates or inflation?

Remember, economics is not an exact science……It is a cross between arithmetic, guesswork, politics, history and bullshit.

 

 

Bus for Cameron!

It continues to defy belief that Cameron decided to lead the pro-Europe, ‘IN’ referendum debate.

Had he taken the correct option and organised the campaign only slightly differently by remaining neutral, we would not now be hearing dark mutterings of resignation and a vote of no confidence….but as usual, he did not pause to think.

Immigration is now being highlighted as his major ‘FAIL’ …..and quite right too! Plus, he and Osborne should certainly NOT be leading the migration debate as they both inhabit the ‘double bubble’. Double Bubble? Yes…..the Westminster Bubble wrapped within their personal Uber-Prosperity Social Bubble which means that neither of them need ever live alongside or among anyone who is not white, upper class or (at worst) upper middle class.

No amount of toning down of the ‘prep school boarder’  accent or even those rather affected glottal stops which Chancellor Gideon is so fond of bunging out when he remembers to do so, will change the fact that they are both out of touch with the vast majority of the UK population.

Make no mistake, if Cameron is thrown under a bus by his own party, Osborne will not be far behind….much to the delight of at least two very well-known Conservative harpies-with-a-grudge…(Nadine?….honey is that you?)

Bojo’s Brexit Bus was far more significant and symbolic that any of us suspected!

 

It’s Toff at the Top – The Brexit Debate errors.

madmax

Apocalyptic predictions of a dystopian destiny, fuelled by supposition and opinion-derived numbers masquerading as unvarnished statistics, has been our diet for several weeks. Political reputations have been damaged as has the blimpish and flaky right-wing coalition that is the Tory Party……………Meanwhile, the Labour Party continues to flip-flop aimlessly from principle to principle, whilst trying to decide who it despises more – Corbyn, Cameron or Kim Jong-un.

Prime Minister Cameron has only just realised the dangers of following Osborne’s lead and regurgitating farcical “facts” and predicting a Mad Max future for the British people, should they choose to exercise their democratic right and abandon the moribund #EU.

Hopefully our Prime Minister will now have a crack at looking and sounding like the heavyweight statesman he imagines himself to be, rather than a 1950s second hand car salesman.

Let’s face it, the Brexit debate HAS to rely on opinion and conjecture because by definition, there are no facts about the future.

Nevertheless, it is a shame that the debate has taken on all the characteristics of a religious argument, with only faith, dogma and prophecy to fall back on.

The next four weeks will not-only be interesting from the debate point of view but after the ridiculous initial Brexit skirmishes, one wonders whether certain politicians will take the opportunity to look beyond the vote and attempt some reputation-mending and maybe extinguish some of those burning bridges.

Darwinism and EU Economic Theory

The European Union is languishing in a perpetual economic autumn whilst bankers, with the connivance of politicians, apply rudimentary quack remedies such as Quantitative Easing in the vain hope that somehow they’ll skip a couple of seasons and as if by miracle, an economic  summer will materialise out of the murk.

Last year I wrote that modern global economics owes as much to Chaos Theory as it does to Keynes and has mutated beyond the competence of mere politicians. Economic evolution has overtaken the ability of those who traditionally administer the remedies when economic sickness hits.

The mechanisms which are needed to be put in place to even begin to have any effect on economies are so diverse and complex as to make present economic theory, especially that tainted by political dogma, almost redundant. The best that a politician and his advisers can do is to prod a small corner of the economic matrix in the hope that eventually a positive effect is somehow brought-about.

It is fair to say that politicians are no longer shapers of an economy but have now been diminished to mere observers.

The post-war years have seen such an incredible acceleration in all the factors which affect us – from technology to global financing, that it is only now becoming apparent that old solutions will NOT cure new problems. Sometime in the not-too-distant past, the “butterfly effect” became the wing-flap of the American Eagle – until the eagle itself became subject to bouts of economic coma .

Now it is probably the hot-breath of the Chinese dragon which will burn economies.

It has been universally established (even by China and Russia) that Capitalism is the way forward. However, it is no longer the gung-ho, asset-and-natural-resource-stripping capitalism of the past. A democratic and more ethically accountable flavour of capitalism is now needed.

For instance,  “business” ought to be an activity which strives to maximise market share and commercial efficiency, i.e  it should be inwardly-focused with profits as the essential by-product which is then used to  disseminate wealth.

What we currently have is a business model where the rationale  is primarily concerned with the maximisation of shareholder profits which concentrates wealth into  comparatively few hands. Hence the 21st century craze for moving money in order to generate money without the added old-fashioned complication of production. A virtual world generates virtual money with a virtual value.

“Ah!” you’re thinking. Socialist!! Nothing could be further from the truth.

Let’s keep it simple and look at the two extremes.

The Left (Socialism, Labour, U.S. Democrats, EU) dreams of public or community ownership and what you might call “forced distribution” which unfortunately needs to be underpinned by bureaucratic control and masses of public expenditure.

The Right (Conservatives, Republicans) dreams of privatisation. That has absolutely nothing to do with the individual. It is to do with corporate power.

So, at one extreme, we have unsustainable and forever expanding bureaucracy and on the other we have unacceptable (to the individual) accelerating corporate power.

Western political systems have now become nothing more than a tension between those two extremes. For instance, witness the “Punch and Judy” politics of America and the United Kingdom, as currently exemplified by the quality of the United Kingdom’s EU referendum debate and the  antagonistically offensive quality of the USA’s 2016 Presidential campaign.

Currently, there isn’t a better example of extreme corporate power than that exhibited by the banking system. A debt-fuelled crisis, which was accidentally engineered by the banking system ………aided and abetted by politicians  who continue to have absolutely NO idea how to deal with it, except by assuming that the problem has gone away.  They have adopted the “rabbit-staring -into-headlights” technique and have even been reduced to appealing to the bankers better nature, by inviting central banks into the economic driving seat!!

Paradoxically, the only people who will be able to clean-up the financial mess are financiers. Unfortunately, the type of financier that is needed is not the traditional self-serving, avaricious, unprincipled type which we have all come to love.

It is an as yet undiscovered species. The socially responsible financier who, with the assistance of the politician can generate new ideas which will, in turn, evolve into a NEW Capitalism which places the individual and not the corporation at its nucleus.

The financial crisis happened in spite of politics  and will eventually cure itself  in spite of politics. Chaos has its own mysterious mechanisms.

It is obvious though that the Darwinian aspects of world economics have outstripped the development of both our politicians and our economic theories.

…..and as China is demonstrating….it is the Survival of the Fittest…..and as the #EU is clearly demonstrating, the answers do not lie in organisational chaos, bureaucracy and huddling for political and economic warmth with people you wouldn’t normally invite into your home.

EU – Marx was right!

The questions  and comedy statistics have all been about the United Kingdom.

It’s time the debate broadened – for instance: Do we see the European Union developing into the economic Utopia that the ‘IN’ camp appears to be predicting?

Germany has always been the efficiently fruitful epicentre of the EU – but Angela Merkel’s well-meaning but misguided aberration in respect of migrants will knock-back the country’s well-earned prosperity by at least a decade.

France, with its reactionary working classes and rapidly evolving migrant-based issues and politics will never achieve proper stability – although admittedly, their international posturing is impressive.

Italy is an economic powerhouse of the future – and always will be.

Economically, Spain and Portugal are both on their knees for the duration.

The former Communist states are all ‘takers’, both directly and indirectly.

Barring a miracle, Greece will remain a basket-case for the forseeable future – and the rest don’t matter…….and the countries lined-up to join are most likely to contribute nothing more than an additional economic ‘drag’ and more itinerant cheap labour.

For the moment  – and working ONLY on the evidence, it would seem that the European Union is VERY UNLIKELY to ever achieve proper economic stability and will always continue to kid itself that proper loan-free prosperity will arrive “within 18 months”.

Remember  Groucho Marx’s letter of resignation to the Friars’ Club: “I don’t want to belong to any club that would accept me as one of its members.”

 

Cameron crosses the line.

Hello stupid!
Hello stupid!

Today, our Prime Minister’s Brexit nonsense about family holidays “increasing by £230” if we left the #EU confirms his total lack of respect and utter contempt for the average British voter.

Not only does he continue to destroy his own credibility and persuade more and more people to vote for Brexit but confirms what many of us have suspected for a very long time: If he was ever to be given an enema, he would fit into a shoebox!

Plus, his prediction that this will be his last term in office will probably be confirmed within the next six months…..or weeks.

A dead man talking.

EU lies? Like S***to a Blanket……..

 

Listening to many of the Brexit-related vox pop on the news, especially from the older generation makes you realise that not only are many of the interviewees a bit thick , but that many do not appear to read past the headlines…… and that is exactly what Cameron and Osborne are tapping into.

They fully realise that all they have to do is trot out a few memorable short sentences containing lots of “Could” and “Probably”, in the knowledge that all the audience will hear is “job losses”, “recession”, “lower house prices”, “self-destruct” etc with the latest suggestion being  that leaving the EU would be “immoral”.

Heavy shit! Of course, that is exactly what it is….Shit.

We are listening to two guys whose prediction record matches that of Dr. Dionysius Lardner who said in 1830: “Rail travel at high speed is not possible because passengers, unable to breathe, would die of asphyxia.” 

Or as recently as 1977, when Ken Olson, chairman of The Digital Equipment Corporation predicted: “There is no reason for any individual to have a computer in his home.”

Neither Cameron nor Osborne has any idea what is going to happen next month. Never mind in twelve months’ or five years’ time.

Because of their tactical rather than strategic mentality, they are predicting what they think will happen to the British economy in the year or so following Brexit.

Proper leaders would be thinking very long-term but of course Dave and Gideon only have to frighten this generation of voters and will not have to apologise to future generations who may find themselves unable to escape from the economic and sociological straitjacket of EU membership.

The fact is that neither Cameron nor Osborne is capable running the United Kingdom without the reassuring comfort of Brussels and its rapidly mushrooming and already considerable population of commissars.

We should also notice that no one who is in favour of remaining within the EU club is even attempting to describe the socialist utopia which is being created right under our noses.

Where is the talk of increased incomes, a recession-free United Kingdom, more employment, a prospering NHS – all the things which are the corollary of the doom-infused nonsense which we are being fed?

Is it because negativity, doom and ruination are not-only more memorable but stick in the mind like s*** to a blanket?

Another BREXIT myth?

cash

Always beware of any sentence uttered by a politician which contains the word “percentage” – especially if that politician is Chancellor Gideon.

The latest bit of statistical fantasy saw Osborne suggesting that if we leave the #EU, “house prices COULD fall by Up TO 18 %.” (!)

Obviously, he has a plan!

Does he intend to stop dodgy Russian oligarchs, newly-minted Chinese billionaires, corrupt African despots and tyrannical Middle Eastern potentates and politicians from driving-up UK house prices by buying up London properties and paying silly money for the United Kingdom’s historic country houses and estates?

Mind you, it’s all a great distraction from the NHS, the tanking economy and our unmeasured, out-of-control immigration.

The Ugly Spectre of EU Self-interest……

burning euro

A recent survey has indicated that most companies based in the eurozone believe a British decision to leave the European Union would hurt the region as it struggles with a sluggish economy and a migration crisis.

79%  of firms based in the eurozone said a Brexit would be bad for the area, with less than 4% saying it would have a positive impact, according to the report from accountants Grant Thornton.

“What’s abundantly clear from our research is that European business leaders overwhelmingly view a Brexit as a negative development for the EU,” Francesca Lagerberg, a senior tax partner at Grant Thornton, said.

She said business confidence was strong considering the various potential threats the region faced from low growth, high unemployment, migration and a potential Brexit.

“Any one of these flaring up over the next few months could see that optimism wobble if the economic shocks undermine business leaders’ ability to plan and invest,” she added.

The survey was based on interviews with more than 2,500 senior executives conducted in January and February.

The result is in keeping with the view of senior business leaders in Britain who are largely in favour of Britain staying in the EU. Most economists expect an exit would deal a blow to Britain’s economy in both the short- and longer-term.

The Grant Thornton report showed 68 percent of British-based firms believe Brexit would have a negative impact on Europe.

Parts of the eurozone have struggled with a debt crisis in recent years which, on the heels of the global financial crisis, has stifled growth and left many unemployed. Unfortunately, quite a high percentage of Europe’s unemployed appear to be headed for the UK.

In addition, many recent migrants to the EU stated their first choice of refuge as the UK. Many of those will be arriving here in a few years….when Germany and other states hand them EU citizenship.

The region as a whole remains at odds over how to contain the continuing flow of migrants to the region.

It is regrettable that neither the UK political leadership, nor the Brussels Commissars have any idea about Managing Change on a macro scale because the sociological change within the #EU is probably they biggest issue that will need to be addressed within the next five to ten years.

Both sides are doing their best to frighten the electorate into voting for their point of view. There has also been an attempt at what can only be described as The Blackmail of a Nation – especially by the IN camp and the leadership’s foreign banking and political friends..

The fact is that BOTH sides have valid arguments but instead of helping the average UK citizen to make a reasonable choice whilst at the same time preparing for change, BOTH sides prefer to persuade through the medium of fantasy rhetoric, insinuation and slur.

Meanwhile, mainland Europe, surrounded by the Ring of Chaos, which encompasses Ukraine, then east to Turkey and south to North Africa,  sits and waits for more handouts and UK opportunities for its unemployed.

 

Superbugs and #Brexit

bugs

After two years of detailed statistical analysis, the Review on Antimicrobial Resistance has been published and  concludes that superbugs will kill someone every three seconds by 2050 unless the world acts now.

The rather alarmist review sets out a plan for preventing medicine “being cast back into the Dark Ages.”

The report calls for a revolution in the way antibiotics are used and a campaign to educate people.

The battle against  bugs which are resistant to antibiotics has been described as “as big a risk as terrorism”. because we are simply not developing enough new antibiotics and we are wasting the ones we have.

We now await a statement from the Prime Minister to confirm that if we retain our #EU membership, the risk will be greatly minimalised “because together, we are stronger!” and a counter argument from the #Brexit camp that increased EU migration will doubtless contribute to even more infection !  🙂

 

Brexit – Summary , so far……

Cameron’s ‘in crowd’ has expanded offshore to include the foreign senior banking community. Here in the UK, the ‘IN’ conspiracy has now recruited some senior corporate ‘suits’.

Meanwhile, Boris is looking increasingly shambolic and isolated plus, he does not appear to be appealing to the great unwashed.

The two main messages are either “Watch out for hordes of migrants and we could do it alone if we wanted to” or, more worryingly:  “The UK is effectively imprisoned within the #EU with no way out without damaging EVERYTHING!”

Both messages are negative – especially now that it would appear that the Cameron camp has admitted that even if we wanted to leave – we can’t. We’re trapped!

Today it was the turn of Spain’s 800,000 permatanned British residents to have the fear of God put into them…..as if the Spanish economy would even think about risking the loss of such a vast slice of revenue!

The one aspect of the debate I cannot agree with and that is the perceived danger from millions of low-level migrants. Once the UK economy collapses, no-one will want to come here.

Now it’s just a matter of waiting for the ECB’s Mario Draghi to pontificate.

 

Brexit Fun with Statistics

gidders

Good to see the Cameron #EU ‘In-Crowd’ adopting the official government policy of spouting meaningless and spurious statistics in order to try and prove that being a member of the European Union is compulsory if one is to maintain economic success , which, incidentally, is something which continues to elude the United Kingdom – in spite of Chancellor Gideon’s creative use of percentages.

Here are some more numbers:

  1. Six out of ten of the world’s biggest economies are not members of the EU. If the UK Brexited, SEVEN out of ten of the world’s most powerful economies would not be members of the EU.
  2. According to Bloomberg , of the world’s top ten fastest-growing economies, not one is a member of the EU.
  3. If we look at real GDP growth rate, the highest performer within the EU is Ireland and is placed only 44th(!) in the world.

What Cameron is REALLY saying is very simple: He does NOT believe that he, Chancellor Gideon and the rest of the current crop of Westminster PPE and History Grads have the collective ability to run an economy without the bureaucratic and legal crutch of the Brussels Commissars.

Lagarde, Brexit & Panic

gideonLagarde
Je T’aime …..moi non plus!

It was the IMF’s Christine Lagarde’s turn today.

She says that Brexit would have “assez mauvais to très , très mauvais” consequences but was not particularly specific.

“Pretty bad to very, very bad” is once again a judgement and not a prediction….and if she wants to see “very, very bad”, she should keep a closer eye on Greece’s problems!

Make no mistake, just like Mark Carney before her, prior to issuing her predictable statement, she would have been on the phone to Chancellor Gideon or David Cameron for approval of this latest piece of the well-choreographed scaremongering pro-EU referendum jigsaw. So WHO is next to have been recruited by the ‘IN’ camp?

One suspects that either this weekend or possibly on Monday, it will be the turn of the ECB’s Mario (il Papa) Draghi to instil a bit of ‘panico’ among us gullible Brits!

It started with Obama and they’re travelling East……..

 

EU Brexit

 

chipsDC
Poisson Tempura al fresco

Believe it or not, I have no particular view as to whether or not we should remain within the European Union but if we are minded to believe the sharp suited Westminster Europhiles (and Jeremy Corbyn), we should not take what is looking increasingly like the foolhardy and dangerous option of Brexit………. Of course, the other team is busy painting a picture of an economic Utopia, unencumbered by the tyrannical drag-chute of EU integration.

The only unsurprising phenomenon about the whole debate is that because we know of no other way, two teams were hastily put together and, as is the case with every other debate, confrontation has been the order of the day.

I would have considered David Cameron far more statesmanlike had he addressed the nation in a far more neutral way, outlining the pros and cons for both possible outcomes. Unfortunately, we only know one way and that is through the medium of opinion-fuelled conflict. Hence the Boris and Cameron camps both treating the debate more like a prizefight rather than what could have been a comradely discussion.

The most outrageous claims have come from the ‘stay in’ camp.

‘Each family will be £4300 per year worse off’, ‘mortgage rates will increase’, ‘house prices will fall’, ‘we are safer within the European Union.’ etc. are all no more than conjecture.

The fact is that whether we are in or out will make little difference to the average man in the street and given the politicians’, pollsters’ and economists’ track records on any sort of prediction, we should all be wary of all the nonsense which has been produced as implied ‘fact’.

Sadly, most of the United Kingdom’s voting population is not very ‘politically-bright’  – hence the outrageous claims made by both sides. It is the only way that they are able to communicate with the slack-jawed Mr and Mrs Average because proper economic and sovereignty arguments are far too complicated without being reduced to single sentence soundbites.

If only the government had had the foresight to produce a single ‘for and against’ document, clearly showing that the argument is largely opinion rather than fact-based, Mr and Mrs Average would not have to be subjected to the  increasingly hysterical rhetoric of the Westminster wide-boys.

However, tell someone that their property value is going to fall and contrary to world trends, interest rates are mysteriously going to increase, you begin to understand that scaremongering by both sides is the only way forward.

What is it that we are being asked to keep or abandon?

What is in place at the moment is a self-amplifying bureaucracy which has arrived at the stage where it exists to perpetuate itself rather than be there for the good of the European Community. We have a European legal system whose main function appears to be to impose itself on EU member states plus a European economy which continues to be in terminal decline. There is a massive migration problem-without-end, with the prospect of an increased internal EU migration issue as a result of the proposed future membership of Turkey and Albania. That is the organisation of which we are currently a member.

The question is very straightforward: Do we want to belong to a totally unaudited association of failing and near bankrupt economies, overrun by unwanted (yes!) migrants and presided over by an inwardly-focused, self-amplifying bureaucracy – or should we be looking outwards to the rest of the world whilst maintaining relations only with the European states we can and WANT to do business with – without worrying about regulations governing what we eat or the amperage of our hairdryers and toasters!

The MOST frightening aspect of leaving the European Union is no more than a quite natural fear of CHANGE.

With very few exceptions, politicians have clearly demonstrated that they are incapable of preventing crises and they are certainly very frightened of being accused of creating a crisis such as they imagine might occur if we left the EU.

They surmise, quite correctly, that they would not be able to deal with it, and it is no accident that both David Cameron and George Osborne are at the desperate forefront of trying to keep us in the European Union because they would be the ones expected to deal with any Brexit fallout for which they are not professionally equipped.

Their motivation is fear, whereas the leaders of the Brexit campaign are driven by no more than a misplaced ambition to rule.

The stakes within the EU debate have very little to do with pragmatism or principle. They are to do with power and we as voters would do well to remember that.

The subtext of the Brexit debate is a battle for the leadership of BOTH of our main political parties.

 

 

Osborne’s Crassness and Stupidity

All that Chancellor Gideon has achieved by stating that if the UK leaves the #EU, MORTGAGE RATES will increase, has been to highlight his stupidity and total lack of understanding of the mortgage market. Presumably he is implying that if we remain in the EU, mortgage rates will NOT go up?

However, it was good to see that in preparation for any backlash, he made the point that his weasel words were, in fact, quoting what “The Americans” said.

Excellent #EU insight

eu-flag-burning

The question is very straightforward: Do we want to belong to a totally unaudited association of failing and near bankrupt economies, overrun by unwanted (yes!) migrants and presided over by an inward-focused, self-amplifying bureaucracy – or should we be looking outwards to the rest of the world whilst maintaining relations only with the European states we can do business with – without worrying about regulations governing what we eat or the amperage of our hairdryers and toasters!

Here is a link to Euro MP Daniel Hannan’s excellent revelations which we should all read: http://dailym.ai/1S2A0P6