Bankers: Chancellor to turn screws?

By tomtom

 Is that a Thumbscrew I hear squeaking, from lack of use?

Hardly, it’s probably just another sop to hard pressed UK subjects, for if they think the bankers are squealing, then the government must be doing something right.

  The big problem here is the fact that all this government debt is created for the Banks, by the Government as its Debt Office issues interest bearing bonds. But it does not have to be this way. For centuries the Roman Empire traded with nothing more than coins made from copper and bronze. It was not till Julius Caesar decided to switch to gold that problems emerged which culminated in ‘Et Tu Brute’ and the senators bumped him off.

  After Henry I ascended the English throne in August 1100AD, Tally Sticks were introduced and they were used extensively till the early nineteenth century. Only since then, as the guinea and the sovereign took over did problems arise.

  The barbarous relic it’s often been dubbed and it opened up all kinds of chicanery from clipping to dipping. Dipping was the practice of making similar coins from a base metal and gold plating them. Clipping involved trimming slivers of gold from the edges to save enough for another coin and a devaluation that was extremely difficult to spot. This led to unforeseen consequences for those who fell for it and that included most of  Continental of Europe.

  Isaac Newton as Master of the Mint in 1717 wanted to value the golden guinea at £1-0s-8½d in order to mint 89 guineas from a troy lb of 22carat gold. He was overruled by parliament who decided it had to be £1-1s-0d. This changed the silver/gold ratio from 15/1 to 15.5/1. and it allowed the British merchants to exchange silver for gold in Europe for less than its value in England and so they transferred most of the Continental gold and gold coinage to London.

  Napolean realised what was going on, but his defeat at Waterloo in 1815 meant this scam continued to be perpetrated throughout the Victorian Period as they built an Empire.  While Tally Sticks continued here in England till they were finally retired in the early part of the nineteenth century. They had been legal tender for over seven hundred years and it was decided to burn them, which resulted in a fire that razed the Houses of Parliament to the ground.

  Other seminal moments in the history of gold are well known and the fact that it will never again be adopted as regular coinage exists to this day. For the strictures it applies are too draconian for today’s world. Though if the government were to re-introduce the gold standard it would require a mammoth revaluation of the value of gold in the order of several tens of thousands of US$ / troy ounce. to cover the all the $IoUs they have printed since August 15th 1971. When President Nixon ended the US$ link to gold. The French and Swiss were threatening to swap all their US$ for gold. 

  So we can take it as read that the gold standard is indeed a barbarous relic, it  is not going to happen, though it could be an entirely different matter for Tally Sticks. Bring ‘em on George, issue their equivalent as debt free money and see what a difference it makes. After all it worked OK for over seven hundred years. 

  

  The Chancellor will back plans for a fundamental overhaul of the UK’s banks on Monday, as the Daily Telegraph reveals City fears, (that now is not the time to hamstring the industry). Is there ever a good time to hamstring the bankers? To hear them talk, you would have to conclude NO.

  Will there ever be a good time? Possibly not, but something needs to be done for there is no merit in pandering to their whims as they fill their boots and slip off the radar to salivate over their booty.

Watch this space, I’ll be back!

Tom.

 

Whew! Another Loch Ness Monster

By tomtom

Anglo/French  relations Plummet

While the ‘City’ gears up to fight off challenges to its Global dominance of Worldwide Finance. What did Sarko and his good buddies expect, a kiss on each cheek? These upstarts trying to pretend they were players in the Big Game. But for France, it looks like the Big Game is over, as it reels from the perception that anyone involved in the Euro, other than possibly Holland and Germany, are doomed. The rest? Well they’re heading down the ‘Road to Nowhere’.

  In the end it is the broad socialist sweep of their policies that is doing for France. They missed the bus, for the time when they should have re-organised their subsistence farming is long past. It hangs like an Albatross around the collective Gallic Neck or as recently reported, it’s a new ‘Loch Ness Monster’. Something most people have heard about, but few had caught a glimpse of. Until that is, the Eurocrats unveiled fresh details of their latest ‘Lead Ballon Masterplan’  to save the Euro.

  Way back in the mists of time when the USSR collapsed and Germany was re-united, France sailed blithely on, thinking they were on a roll. They reckoned they had the measure of Perfidious Albion and it was just a matter of time before we came crawling.

  The Germans and French between them shoe-horned BAE Systems out of Airbus, as the Germans moved to restart commercial airline building after various attempts to get things moving forward. They were anxious to be more than just a component builder. So they cosied up to the Anglo/French Airbus consortium for permission to create a production line for construction of Airbus A319s. It was to be the thin end of a wedge, as they reckoned it could be a way of regaining self interest in aircraft construction.

In much the same way Chancellor Kohl stood atop the Berlin wall waving his handfuls of ‘Begrussengeld’, to end his Chancellorship as the man who re-united East & West Germany. That it worked there can be no doubt, though whether the full ramifications of exchanging the Ostmark one for one with the Dmark have yet worked through, are still not fully accounted for.
Germany has huge borrowings, over €2trn at the last count and all this debt needs at some time, to be repaid or refinanced. This at a time when export markets around the globe are set to retract and one of re-united Germany’s main planks of economic activity, engineering exports are key. For the mighty German industrial machine is the engine of their economy. Equivalent it might be said to the importance of the UK’s Financial Services sector in the City of London to our own economy.

It’s not certain what exact parallels there are in the French economy, it could Airbus, though it’s doubtful if it makes any real contribution other than maintaining a degree of employment. No one can say for sure if it makes a profit, probably the main reason BAE systems flogged off its wing building operations in the UK.  So they’re left with cheese, wine and horsemeat as their main exports and there’s not a lot more you can say about that, as British expats desert in droves. In the sure and certain understanding that the party’s over.

Watch this space, I’ll be back!

Tom.

Isolation is a Beautiful Thing

By tomtom

From this Freedom, Responsibility of the person flows

‘By this sacredness of individuals’ wrote Ralph Waldo Emerson: 1803/82. ‘The English have in seven hundred years, evolved the principles of freedom.’

   To have it snatched away by unelected, unaccountable Eurocrats appointed by Dictat is something you would expect any Red-Blooded Anglo-Saxon to rail against, without further discussion or thought. Except of course the Socialist apparatchiks seated on the Opposition’s Front Bench.

   But see it happen  we did in a welter of  Fabian Socialist Gradualism, in the  thirteen years of Socialist domination of our Mother of all Parliaments.

   Now there are people claiming Dave was outwitted by Sarko. The only person outwitted by Sarko and his legion of subsistence farmers, relying on the CAP, was Angie. But in the end it’s the Moneymen who will decide.

   If the Shylocks sense their juice is in danger of default. Italy, Spain and France will be playing catch up with Greece, when it comes to selling their bonds. The blithering idiots and their Flim-Flam Treaty, as Ambrose Evans-Pritchard explained it.

   January, February and March will decide the fate of the Euro when the Italy, France and Germany have to refinance huge loans in the order of €33bn+ and there’ll be no paying for Xmas with plastic for them. It should be interesting and Dave could well turn out be a Super Hero.

   So in the words of a Parliamentarian: “Will the Prime Minister agree with me that, Isolation is a Beautiful Thing.”

Watch this space, I’ll be back!

Tom.

Ranting Miliband and his Milibandido advisors. Bang 'em up in the Tower

By tomtom

Isolation is a beautiful thing Dave!

The Milibandidos have no conception of what is in the National Interest, all they want is another spell in power and they don’t give a damn how they try to make it happen. They leap on the nearest bandwagon to flail about, castigating everybody and everything that does not accord with their Fabian Socialist Mandate. Their Impossible Dream.

  They want to see the ‘City of London Corporation’ on its knees subjugated to faceless, unelected, unaccountable Eurocrats singing from their Fabian Socialist Hymnsheet.  So the minute Dave has the audacity to stand up for Great Britain, their outpourings of disbelief have to be seen for what they are. An end to the Fabian Socialist Impossible Dream, of creating the ultimate Police State.

  That they were but a whisker away from this, lacking only the introduction of Identity Cards, is something these Socialist junkies find almost impossible to digest. We are thankful that the British Establishment woke up to what they were about, just in time to put in their boy – ‘Call me Dave’.

  Whilst many of us may not be perfectly in tune with a lot of what was suggested, but has not implemented following the establishment of the Coalition. The one thing it did do was satisfy the International Shylocks of the Money Market, that their juice was safe. So when you look at what is happening to the rest of the so-called Euro wunderkinds at risk from contagion. Italy, Spain and now France there was no other way they could proceed than to try to assuage the fears of the Shylocks with this ‘FiskalUnion’ gimmick.

  Yes a gimmick it is and now the chips are down and the wheel is spinning, it’s a gamble of unquantifiable risk. But fortunately Great Britain is isolated and that is exactly where we need to be. Standing on our own feet, making our own laws, fishing our own seas, farming our own food, maintaining our financial status as the Clearing Bank for the rest of the World and trading with whosoever we please on our own terms.

Long live Perfidious Albion.

Watch this space. I’ll be back!

Tom

Europe shaken not stirred

 By tomtom

It’s like the Euro participants need to be turned upside down and shaken to see what falls out of their pockets

If the Bundesbank is reticent about the proposed issuance of Euro Bonds well there’s only one thing for it, if the precious single currency is to be saved. The entire seventeen nation collective, needs to be turned upside down and shaken, to see what falls out of their collective pocket. Then it needs to be swept into a pile so they can divvy it up and everyone has enough moulah to satisfy the Shylocks. All that needs to follow is the ultimate risk aversion policy, of issuing individual bonds backed by this collective pile. Then we can all jump onboard the same old roundabout, with all the basket cases of European Union, free to live the good life to their heart’s content.

  The day of reckoning can then be postponed for ever, consigned to the dustbins of history. All we have to dispose of once this major step is achieved, is the plethora of Eurocrats in their Ivory Towers and their outpourings of grief for the way we chose to live. Though first we may need to do something concrete, with all these lefty non-jobbers who parasite on the state for an easy life, of protest and camping out, wherever they choose to pitch their tents. Concrete boots maybe and a free trip on a leaking ferry?

  But before it gets to this, there’s another wheeze up the sleeve of the clueless Eurocrats, as they wriggle and squirm to crawl out from under the stone.  To propose once more, who should be the lender of last resort. They’re trying to foist it on the IMF, but first they had to rid the system of a canny leader, who might smell a rat. There was someone in the line of fire, who might be a stumbling block to this latest wheeze. So they cooked up a few sex charges against this IMF Chief and flung the mud, anticipating some of it might stick. So was it the Eurocrats wot dun it?

  Whatever, stick it did, long enough for them to shoehorn in a chosen successor, more receptive to their whims. But they couldn’t move immediately or suspicion of their motives might have revealed a stitch up. So several months needed had to pass, before moves could be made to progress this latest wheeze to confuse the Shylocks, as the interest charges were  ramped up for supporting this sovereign debt pile. 

     

  It’s like a game of find the Lady, a now you see it, now you don’t kind of thing, as they shuffle the deck to propound this litany of deceit, with their ‘Clinggon’ mentality. Will it work? I suspect not and the ultimate recognition that default is unavoidable will once again rear its head, as seventeen proud and once independent nations scramble for the trenches, sucked into the biggest Ponzi/Pyramid scheme of all time. The Euro is DOOMED and you saw it here first!

Watch this space, I’ll be back!

Tom

Gloomsters out in Force

By tomtom

As the Labour Bullies, labour the Point

Don’t you just get sick to the back teeth with this constant mewling and puking by Labour. "If only you did it our way we’d all be in clover?"

  “Well Mr Miliband, Balls & Darling, we did it all your way, for thirteen wasted years and look where it got us. In the Poor House no less, thirteen wasted years of spend, spend, spend backed by nothing more than little pieces of plastic. While almost the entire nation went on a this plastic fuelled debt binge, as if there was no tomorrow and Boom and Bust was no more.”

  Well the Fiddler came calling, demanded his cut and we all fell down. Why? Because like Old Mother Hubbard, as she opened the cupboard, we found it was bare. So bare in fact that Labour's Chief Secretary to the Treasury, even had the temerity to leave a message to that effect for the incoming Chancellor.

  Now, as the dust begins to settle over Europe and the misguided clowns who wanted a Federal Superstate get their come-uppance, we are beginning to understand the total and utter stupidity of their masterplan. Europe as a Federal Super State is a busted flush, it is going nowhere with nothing in the tank because the only place it can fill up: the Bundesbank is closed. Closed in much the same way it was when the UK left the ERM back in the nineteen nineties.

  Later rather than sooner when the demand curve outstrips the supply curve the economy will pick up. That is why the forecasters play the long game when they speak of recovering to the place we were all lead to believe we were at. It’s a natural cycle that repeats itself down history and there’s little anyone can do to defy the odds, when it comes to claiming as the failed politicians of Labour do, that if we had only listened to them it would all be hunky-dory.

  They’re as deluded today, as they were a couple of years ago, when they were chucking our money about like confetti in a wasted attempt to cling onto power and they still don’t geddit.They should shut up and put up.  For, so long as we keep the shylocks at bay, we stand a pretty good chance of balancing the books at minimum interest rates.

  In the meantime all these forecasts, we here about from whosoever, are nothing more than best guesses, thoughts. We all know what thought did in the rhymes of old and it’s not very pleasant. But listening to the cacophony of mewling and puking from the aforementioned Yesterdaymen, adds nothing to the prospects for the future. Nothing other than to hope and pray that the Nation will never again elect these Fabian Socialist lightweight, deadbeat misfits within touching distance of the levers of power.

Watch this space, I’ll be back!

Tom

£4,365,636, – 169 times more than the average worker in Britain today.

By tomtom

“Ay! That’s the rub”

Like the weather it probably found its way over here from the USA, as US companies decided to make hay in the UK, due to the relaxed regulatory regime. No doubt the dearth of CEOs worth their salt, on the back of this invasion, added fuel to the fire and as the roof fell in. The bottom line shot through, rocket propelled, in a fetid attempt to justify what we see today.

  How you get back to reality from this situation seems to be eluding everybody, including this High Pay Commission, for all we have seen so far is the end result with no idea how to roll back the frontierspiece? “Link it to performance,” crows Vince, ‘but that’s exactly what they did in percentage terms. But millions per annum? “Ay! That’s the rub,” as the Bard might have put it. It has to be the biggest ‘Mickey Take’ of all time.

   Though it has to be said, they only did it because they reckoned they could get away with it. Backed by the very people who stood to gain most from it for themselves and the companies they ran. So in essence, all they were doing was just to divvy up the spoils, as they all had vested interests. Golden Handshakes, Golden Parachutes and Golden Goodbyes.

  There’s not a lot more that can be said about these practices, but you would think in the real world, we could devise somekind of clawback mechanism for the rape of a company in this way. For this exactly what it amounts to, the rape of UK Plc and a few more Plcs worldwide, as the scams were globalised.

  So if the truth is, that this was a contributing factor to the crash and subsequent credit crunch. Surely there has to be some jurisdiction in which the proceeds of these alleged crimes can be repatriated. All it needs is the will and a worldwide agreement to act. Maybe the answer is a worldwide Transaction Tax and the only reason the authorities say it has to be worldwide, is the fact they think that’s an Impossible Dream, in harness with the European imbroglio.

They’re all colludin’! For they think it’s something that can readily be kicked into the long grass and I really don’t know what more can be said on this subjec matter?

Watch this space though, I’ll be back!

Tom

Is a Tobin Tax the death knell for Europe’s Impossible Dream?

By tomtom

As fill your boots at shareholder’s expense becomes an Anathema.

And Executive pay comes under scrutiny from a government enquiry, the focus falls on what can be done about it. Public disapprobation will win the day as executives across the world are overtaken by a ‘Financial Accountability Spring’ . Will the government in present circumstance, be prepared to act? The simple answer I have to advise: is little or nothing.

  There will of course be an outcry about transparency and limiting the extent, to which an Investment Banker can fill his boots, at the expense of shareholder. But quite simply, the people most intimately affected by any legislation in this respect, will point out that most major companies and banks included; have remuneration committees. Then, since income to the Treasury relies in the major part on this source, for a huge tranche of government income, it will be swept under the carpet for another day.

  Though whether these remuneration committees are just a bunch of old-boy back-slappers or really hog-tied to reality – is open to speculation. That they should be exposed to all by legislation, is no doubt the ultimate desirable outcome. Will it happen? Highly doubtful and the dilemma as to how you achieve this most desirable outcome, will rumble on. The excuse peddled on behalf of these hi-flyers will be that if they are not paid what they presume to be the going rate, they flee to other more desirable destinations.

  But like the proposed Tobin Financial Tax on transactions favoured by the cash strapped Eurocrats of Brussels, aimed at neutering the primacy of the ‘City of London’ as the ‘Financial Epicentre of World Trade, in Finance, Commodity Trading and Currency Exchange’, this is nothing more than the opening shots of a takeover bid by these faceless, unelected, technocrats of Europe, for control over  the ‘City of London Corporation’.

  This essentially faceless entity, the ‘City of London Corporation’, bestrides the Global Financial Stage like a Colossus, with control of all the fundamental levers of Global Finance. So such manoeuvring by the European Commission can do nothing more than bring about secession of the United Kingdom from this putative effort, to become the overall dictator of the 27 Nation States it comprises.

  This fetid attempt to prove who will be ‘King of the entire Continent of Europe’ is destined to become a ‘Bonfire of all the Vanities’, if they persist in following this foolish path to oblivion. A matter highlighted, as far back as the days of Lord Palmerston, followed by Jean Monnet and the UK’s Peter Thorneycroft. Who all said, what amounts in these days of yore, to the death knell for ‘Europe’s Impossible Dream’.

  Lord Palmerston:- 1784 -1865 said:-  “Only three men in Europe understand the Schleswig Holstein question,” (aka – the West Lothian question – courtesy of Sir Thomas Dalyell Loch, 11th Baronet – ‘Tam Dalyell’MP) “and of these,  Prince Albert, Queen Victoria’s Consort is dead, a Danish Statesman unnamed is in an asylum and I myself,”  confessed Lord Palmerston, “have forgotten.”

  Jean Monnet:- 1888 – 1979 said:-  “All Europe’s nations should be guided towards a super-state, without people understanding what is happening. This can be accomplished by successive steps, each disguised as having an economic purpose, but which will eventually and irreversibly lead to federation.”

  Peter Thorneycroft MP:- 1909 – 1994 said:- “No government dependent upon a democratic vote could possibly agree in advance to the sacrifices an adequate European Plan must involve. The people must be led slowly and unconsciously, into the abandonment of their traditional economic defences. Not asked,” he said, “for it involves changes, which they may not at first be capable of recognising the advantages of -  themselves.”

  As and until these facts sink in to the detriment of those who would conceal them from the Public at Large and this putative bid to create a Federal Superstate fades into insignificance or descends into ignominy, they will fight on till the inevitable is staring them in the face.

Watch this space, I’ll be back!

Tom.

A Game of dominos, it Ain’t

But we all fall down

Also by tomtom

As the leaders across Europe, feel the full force of the voter’s angst and Sky News portrays it as a game of ‘Domino Toppling’. It brings to the fore, people who in better times would not stand the vaguest chance of even the slightest prod at the levers of power.

  But this is a tails you lose and a heads you don’t win game. There’s nowhere to go for these nouveau ‘Bigboys’ to go, except to the fountainhead. Mostly they’re new boys on the block when it comes to the game of politics and in Italy and Greece, these men imposed by the Frankfurt Group, have no idea what they are taking on, in engaging with the Shylocks.

  The Frankfurt group eh?  An outfit, which to all intent and purpose, sounds like a clandestine committee of Mafia ‘Godfathers’.  Could this be the grouping that dumped the UK out of the ERM back in those heady days of ‘White Wednesday’? When the UK finally clicked on to the idea that go it alone for Perfidious Albion, is the only way forward, after pursuit of the mighty Deutschemark at 3dms to the £1 sterling by Chancellor Lawson. A man now so vehemently opposed to the EU as to be a potential leader of the ‘Better off out Party’.  Of course we have no desire to have to sort out Europe’s woes by sacrificing another generation of redolent, thrusting Anglo-Saxon warriors.

  But the threat still looms as the pathetic do nothing, hapless leaders of the European Union, flail around like drowning rats in a sea of debt. Raising the threat of a new war in Europe as a way of mitigating their dread of the austerity programs, required to keep the ‘EU Gravy Train’ on the rails. By now there can be no doubts about what needs to be done, but in the face of public disapprobation, they lack the guts to do it.

  There can be no doubt that the day of reckoning for nations living the good life on ‘Chucky’ are at an end and come-uppance time is to hand. There is no lender of last resort for Europe’s Impossible Dream and the only man capable of performing this function is the last man standing, the Federal Republic of Deutschland. But as they did on ‘White Wednesday’ when they effectively ejected Perfidious Albion from the ERM, they are led by a’Deadman Walking’. A President with no power and a Board of Commissioners bereft of solutions.

Watch this space I’ll be back!

Tom.

Time for the EU to return to its Roots

By tomtom

 Our Europhile PM., not the man to defend British interests in Europe

Where we once had high hopes that the Euro itself would bring to an end, the Federal States of Europe idea, which is now to all intent and purpose a dead duck. It is becoming abundantly clear that the power hungry politicians are relentlessly, in the face of daunting odds, fighting tooth and nail to keep their dream alive, by attempting to bring it about by stealth. Much on a par with the way our boy Gordie wrecked the UK economy with his claims to have ended Boom and Bust.

  After presiding over what is probably the biggest bust of all time his credibility is shot to pieces and I draw this analogy to attention, because the same degree of hubris that accompanied Gordon Brown’s outrageous claims, appears to be blinding the wannabee    Masters of the Universe in Brussels.

  Blithely they go about the business of preparing for tighter fiscal union in the face of total and utter disregard for the facts. Without a lender of last resort the Euro was doomed from the day it was introduced and it was just a matter of time. All the indications are that muddling through by applying short term fixes to fundamental errors of construction, is a risible way of trying to convince the Shylocks of your credibility. It will not wash and since Germany has no intention of underwriting the debts of a Continent, in fiscal turmoil, the Euro as we know it is DOOMED!

  No doubt a compromise of sorts will be cobbled together and it is always possible the leaders of this failed experiment can be led down the path which can morph this European Union back to its roots as a Trading Bloc. The Common Market which the voters of the UK were led to believe was what we were joining in the first place and hopefully can all leave it at that and call it a day.

  With anything else, endless depression and stagnation are staring us in the face and we have no need to be ruled by the faceless, unelected, Commissioners of Brussels and Strasbourg. We are quite capable of governing ourselves in the face and overwhelming odds, as we did in facing up to the Zealots across the Globe in WW’s I & II. There are none so blind as those who do not wish to see and it’s time to call it Game, Set & Match in favour of Perfidious Albion.

Watch this space, I’ll be back!

Tom.     http://amzn.to/nVxXzy  http://bit.ly/h8XJVU

Drowning in a Sea of Euro Debt

By tomtom

Bring on the Dancing Girls

Enter stage left, a chorus line of high kickers, not the famous Windmill Girls mind you, a parade of so-called Technocrats. Technocrats, Eurocrats, Academics, what’s the difference, you might well ask? Will it be the panacea we’re all led to believe, as Democratic Government is replaced by unelected academics and former Commissioners of European pedigree, in countries where the Shylocks are piling on the agony with rocketing interest charges of 7 to 11%.

In Italy’s case, as it turns a man who was previously an elected Prime Minister, now billed as a Technocrat, one of the 38 or so leaders Italy has enjoyed since WWII. Will these so-called Technocrats make any difference, as they push through measures calculated to calm the fears of the Shylocks, who control the bond buying masses out there and thrive by lending money to cash strapped nations?

They may indeed be tossed a few million, billion or even trillions, but will it make any of these profligate entities more ready to live within their means? Highly unlikely if you follow the dictat of Britain’s failed politicians who enjoyed a doubling of the income to our Treasury over the thirteen years they were in power and still failed to balance the books of the nation.

And they’re still at it, telling us the answer, is to borrow even more. Then to let up on the deficit reduction plan that has drastically reduced the level of interest payments on what they were already planning to borrow and to squeal like stuck pigs as they trumpet a verse of how deep is my river of debt and more is better, while the Euro pigeons come home to roost.

We have to be eternally thankful that the myopic, failed Eurocrats of Brussels are not calling the shots in debt-fuelled Perfidious Albion and forcing us to hire unelected Technocrats in place of our elected members. We can rely on our democracy to make the decisions that will put us firmly on our feet again. While we ignore all the heckling from the sidelines, by the failed politicians of yesterday, who can only stand and watch in bewilderment, as no one takes a blind bit of notice of their manic ravings to spend, spend, spend.

Technocrats, academics, it makes no difference, if you fail to live within your means. The only way is down and out and for Europe the choice is stark reality. They forged a monetary union without a lender of last resort and are now trying to bulldoze the Deutschebank to take on the role, without the slightest chance it will agree. So it will just rumble on till it all implodes in a Witch’s brew of default and inflation.  

Watch this space, I’ll be back!

Tom.

We’re all living in Never Never Land

By tomtom

  Use pensions to buy homes says the CBI from its parallel universe.

Massage growth they say, as we lurch from one crazy scheme to another. Growth relies on demand fuelled by borrowing in today’s world, it has to be said. But with debt being written off credit is destroyed. So there is no money for the banks to lend on easy terms.

Then, with these same bankers hoovering up all the spare cash in the economy to shore up their balance sheets and the demand curve lagging the supply curve. There’s little hope of growth beyond what we see, 0.2 – 0.5% and it will stay this way till government and people learn to live within their means.

   With circa £650bn flowing into the Treasury and we can’t balance the books. There’s something rotten in the state of government. to paraphrase the Bard.

  The real problem here, is the vociferous client state created by Labour over the past decade. As and until they are made to understand, that the gravy train has hit the buffers, there’s little chance of progress and that’s it in a nutshell.

 Watch this space I’ll be back!

 Tom

The Day that will live in Infamy?

By tomtom

1^st May 1997 the day the Charlatans took hold of the Levers of Power

The real problem today is that from this moment on 1st May 1997, reality took flight and has still not come back in to land. Okay, to use an in-flight analogy it’s on the approach, though that’s not much use till it touches down, especially in Berlin, Paris & Brussels.

  As the EU moves to write off-debt for the Greeks and at the same time governments express their intention to get lending on the move to (SMEs). For those less informed souls out there, these are the Small & Medium Enterprises on which most national economies depend for the bulk of their income.

  The employed are taxed by (PAYE) Pay as you earn and companies contribute on a quarterly basis, the National Insurance accumulations. So, thereby lies the root of the problem. Without a flourishing (PAYE) sector delivered by these (SMEs), the government can be in deficit, it has to borrow and when we include personal debts: (We’re all in it Together) whether we like it or not. In fact were all in schtuk, to coin a phrase. However, what they fail to make apparent to all and sundry, is that this huge Pyramid-cum-Ponzi Scheme, is severely undermined by writing off credit. Especially if it is the credit these (SMEs) rely on to keep trading.

  The Bankers are asked to lend out cash they don’t have and the only way they can fund this borrowing is by creating bonds they can sell to the money markets or buying bonds they expect to provide interest payments they can lend out. In this way therefore a vicious spiral is created and it is this spiral which has the entire economy teetering on the edge of an abyss, when all these pigeons come home to roost.

  So the write-off of debt, makes an untenable situation even worse, it immediately erodes the amount of cash available to a lending institution to apply to its lending account. The main obstacle being what goes under the heading of Fractional Reserve Banking. This is a practice whereby the liquid assets available to a bank, represent only a fraction of the assets it is liable for on its books. The rest of its assets are lent out again and again or used to buy interest producing bonds, till only a small amount a few percent is available in cash for immediate emergencies. Like those produced by a Credit Crunch, the likes of which we saw in 2008.

  Who would be a banker in today’s world? They must be going out of their tiny minds in desperation? The bonus cheques they fill their boots with, are gone like smoke up the chimney and all they can come up with is to grab the cash available from the Bank of England as it prints the money to keep them in business.

  Then they wring the necks of anyone wishing to start up an (SME) or raise a mortgage, to keep the Housing Market on the move, as funds dry up at an unprecedented rate and they Hoover-up all the spare cash in the economy to shore up their balance sheets as they too teeter on the edge of the abyss and still try to fill their boots at the same time.

  So that’s it in a nutshell folks or as Shakespeare’s Polonius put it: “Neither a borrower or a lender be.”

Watch this space, I’ll be back!

Tom.

ePetitions

October 24th, 2011 22:01

By tomtom

Was there ever any point in the idea?

After several hours of trying to make sense of Parliament’s approach to the EU debate the only conclusion I’m left with, is the words of major statesmen and politicians down the years. Not the pale imitation of statesmen we have today, but real men of stature and gravitas. Men who really understood what European Union was all about:

1. Lord Palmerston:- 1784 -1865 who said:-  “Only three men in Europe understand the Schleswig Holstein question, (aka -  West Lothian question) and of these,  Prince Albert, Queen Victoria’s Consort is dead, a Danish Statesman unnamed is in an asylum ‘and I myself”‘ confessed Lord Palmerston, “have forgotten.”
2. Jean Monnet:- 1888 – 1979 who said:-  “All Europe’s nations should be guided towards a super-state, without people understanding what is happening. This can be accomplished by successive steps, each disguised as having an economic purpose, but which will eventually and irreversibly lead to federation.”
3. Mr Peter Thorneycroft MP:- 1909 – 1994 who said:- “No government dependent upon a democratic vote could possibly agree in advance to the sacrifices an adequate European Plan must involve. The people must be led slowly and unconsciously, into the abandonment of their traditional economic defences, ‘not asked,” he insisted, “for it involves changes, which they may not at first be capable of recognising the advantages of - themselves.”

  After hours of spurious argument in Parliament, as to why it was not to be and a resounding vote rejecting the right of the people to be heard; by 483 to 111. It now befalls me to point out that the politicians are even more completely out of step with democracy than the public at large could ever have imagined.

  With a three party whip ranged against the motion, the outcome was always going to be what the politicians had decided. It is quite clear they have little regard for what the people have to say on the matter of EU interference in our internal affairs.

  Can we really afford to wait for them to re-negotiate the terms of our involvement?   Can we really believe there will be a better time to listen to what the people wish to say on the matter as prescribed by most who spoke against the motion before the house? At the rate of £25mn per day till they decide it is impossible to continue or the whole ridiculous charade implodes.

  Can we really believe that those who voted to deny the people the opportunity to express their angst understood the depth of feeling at large in the general population? Or indeed ever  understood themselves, what they had been forced into imposing as they wriggled and squirmed trying to explain, things they never fully understood themselves, in respect of the actual proposition before them.

  Yes we realise that the politicians can and do have one eye on their own position in respect of advancement through the party ranks, to office of one kind or another. But to deny the prospect of expression to the public by refusing to grant a referendum on the EU was both mean spirited and short-sighted.

  No doubt candidates at the next general election whenever it comes will use this as an opportunity to challenge opponents on their record of anti-democracy voting on the back of the ePetition legislation. And to determine if there was ever any purpose in introducing it, other than to use it put the electorate in their place, as voting fodder with no real voice.
    
Watch this space I’ll be back!

Tom.

At last – The Great Debate?

By tomtom

 Tory Hierarchy out of touch with the Public Mood on Europe

The day of the Great Debate for a referendum, which people across the length and breadth of the UK canvassed for, in overwhelming numbers looms, while the cacophony of protest from PM Cameron and Foreign Secretary Hague to vote it down; will hopefully fall on deaf ears.

 “In Europe but it not ruled by Europe,” he famously quoted, as leader of the Tories several leaders ago and as Foreign Secretary Hague, his tune has not changed. I’ve no idea where this guy has been for the last two decades. But it’s certainly not in the real world we’ve all been saddled with. Maybe it’s on account of the fact that these politicians don’t live in the real world where crazy judgements and dictat are handed down by the judiciary, as a matter of course.

 Perhaps our Foreign Secretary has been helping out on the family pop round again, imbibing of the several pints he claimed to have got through the last time he was called on to help out there. There can be no justification whatsoever for denying us a chance to vote against being led by the nose into a never-never land of dictat and totally incomprehensible rulings, based on the decisions by the European Court of Human Rights. Legal instruments now embedded into English Common Law by the Fabian Socialist misfits who were but a hair’s breadth away from creating their favoured tool of total repression, a Police State.

Whatever happened for the Freedom, Choice and Opportunity we thought would be restored on the back of this brand new Co-alition. Renegotiation of EU liabilities is a myth, as much as talk of any new deal on relations with Europe is. Why on earth do we have to renegotiate to take back powers from Europe, We should just take the same kind of liberties with Euro dictat, which every other Nation State in the EU does.

It’s time to refute all the bogus arguments foisted on us by politicians totally unacquainted with the world in which the majority of us are expected to progress and survive. These men who lead us claim to be Eurosceptic, but they’re just out to deceive us.  In reality they’re rampant Europhiles, there can be no other explanation for this outright deceit.

 Where there is greatness, great government or power, even great feeling or compassion; error is also great. We progress and mature by fault. The people will tell you not to crucify yourself on EU shadows, such as old resentments or impossible loyalties, perfect freedom has no existence.

  “A grown man knows the world he lives in for what it is. For the present that world is Brussels,” sez ‘Call me Dave’. “I crossed the floor and spoke in friendship, but when I go across that Channel, I become the hand of José Manuel Barroso or could it be Hermann van Rumpoy, ready to crush all who challenge their authority. So there!”

Watch this space I’ll be back!

Tom

Crisis, what Crisis?

By tomtom

‘We’re in a Debt Crisis,’ as Dave told the Tory Conference

Well I reckon we’re all pretty clear on that one by now Dave, but what we really need to know is what you’re doing about it. So far, apart from satisfying the International Shylocks their Juice is safe, precious little that really matters in terms of balancing the books.

  With an income to the Treasury of close to £700bn, I’d have thought it was relatively simple to sit down with a piece of paper draw up debit and credit columns. Then what you do Dave, is populate the respective columns, with the real totals of what we spend and what we get in. Then. if the figures at the bottom don’t match it’s a simple matter of pruning the outgoings to match the incomings.

  It’s what every household in the land has to do every week of every year, as we troll this mortal coil. It’s ABC stuff Dave, but it seems to be beyond the wit of your Chancellor and all his bloated over-payed Whitehall Gurus. So what are they there for Dave?

  You and George Dave, are fiddling while Rome burns or like Sir Francis Drake finishing off a game of bowls. (We can only hope for a similar outcome to Sir Francis, Dave). But this strategy of trying to sustain the status quo, while we play catch up is clearly a disaster Dave. It’s not working and throwing more money at the economy does not fix the underlying problem Dave. All that goes away is the money, it’s a daft, daft idea Dave and you should rein in this craze by the BoE, they’re out of hand Dave.  

  If you want to know why we’re in this mess it’s simple Dave. The demand curve lags behind the supply curve and while people are being ripped off by the Utility companies and money is screwed out of every aspect of the budgetary consideration of running a household, it always will Dave. You should quickly put in place a panel of housewives to tell you how to spend the income and we’ll soon be on our feet again.

  There is no one more practical at spending money than a housewife. She knows charity begins in the home and all these massive sums to overseas aid and subscriptions to the EU have to stop immediately. You have not satisfactorily explained why we have to suffer all this crazy stuff you are imposing Dave, why you are going through with it and to what end Dave.

  Why do we all have to suffer on account of these things Dave? The EU is bleeding us dry, trying to drag Perfidious Albion down to their level Dave, by hampering the way we have done our business for a thousand years. Whilst you and your minions are standing by and watching it happen. WAKE UP Dave before it’s too late.

Watch this space Dave, I’ll be back!  

Tom

It’s all in the Game, Rugby that Is!

By tomtom

 Well sometimes you wonder if it is indeed a Game

But you could be forgiven for thinking otherwise, though this business of the ball swapping intrigues me. For if the future destination of the Rugby World Cup depends on the niceties of ball construction. Then it’s no longer a game, it’s a gamble on outside influences.

 With all the skill in the world at your disposal on the training grounds of Perfidious Albion, this must rank as one of the greatest red herrings of all time. For people not actually doing the kicking to be suspended by authority for trifling disagreements that verge on Black Arts, becomes quite laughable. When you think about the odds of actually making every kick count.

 With a point of contact between ball and toe, which has to vary by millimetres with each and every kick, this kind of precision is laughable, unless some one is using it to try and create a level playing field. In effect there can be no such entity where humans are involved and it’s all a matter of getting someone’s brain and body in a comfort zone where insecurity and indecision are vanquished.

 In the end it all has to come down to a developed skill level. The ability for repeat performance within all known parameters, again and again and the ability to take account of all the factors involved. Then to plant a kick in the right place everytime. All in the face of infinitely varying wind speed and direction, muscle control, timing, ball construction, balance, physical fitness and angle of dangle. Without even daring to accept the prospect that Kismet is involved.

 All of these skill factors and other influences therefore, must be considered in a final jigsaw type analysis, by a pint pot-sized brain, functioning at warp speed. These are serious matters of consequence, which need to be factored in, chiming in harmony and worked out in totality. As it cometh down to those last few vital strides where toe meets ball.

Watch this space I’ll be back!

Tom.

Nick Clegg to block moves to abolish the 50p tax rate

By tomtom

While Dannyboy, at the Treasury plays Hardball?

Can this pair of nearly men really mean what they say or is it just to placate the unwashed masses at the forthcoming Lib-Dem Conference, as their Chief Secretary to the Treasury, proclaims:- The idea of getting rid of the 50p tax rate was in “cloud cuckoo land”.

 Well they should know all about Cloud Cuckoo Land, because that’s where they’ve been for most of the last hundred years, till Dave tossed them a lifeline. A taste of power, which had it been used wisely, might have encouraged electors to take a bit more notice of their outpourings. But on the evidence so far, they seem to be intent on self-immolation, as indeed does Dave, in leaning ever closer to Europe.

 There really is no mileage in this cosying up to Europe for Dave, especially after he was so voluble, in telling the world he would call a referendum. Then he rotated one hundred and eighty degrees and tried to persuade us he could not call one, as it would be illegal.

 What absolute piffle, when there can be no doubt that the entire country is totally cheesed-off with the ‘cheese eating surrender monkeys’ in Brussels and Strasbourg? However as Red Ed consistently points out too, whenever he’s quizzed on Europe. We’ve already had an in or out referendum, back in the 1970s.

 Yes Ed but in those days it was nothing more invasive than a Common Market, a trading bloc. It was a similar outfit to the European Free Trade Area (EFTA), an organisation which still exists to this day. There had been no moves back then, leading us to think there was a hidden agenda, to create a Federal Superstate to challenge the primacy of the US Dollar as the world’s reserve currency.

 What an entire load of codswallop it has turned out to be from politicians with little political nous and even less in the way of appeal to either Mondeo Man or Joe Sixpack. The entire world is swilling around in financial cesspit of immeasurable consequence.

 The only thing, which can Save our Souls (SOS), is a return to the gold/silver standard the only measure able to control the money supply of the world, without the interference of politicians, economists or financial regulations. Then we can all make some progress with a bit of ‘Getting-0n’

 There is however a slight snag with this simple approach and that’s the sheer quantity of US$ IoUs issued since Richard Nixon ended the US$/Gold link back on Aug 15^th 1971. He was forced in to this, to block France and Switzerland, as they made overtures about knocking on the door of the US Federal Reserve to exchange their hoards of  US$ bills for Gold.

In order to achieve the Gold Standard today, on the back of the US$s issued by their Treasury over the last 50 years, Gold would need to priced at around $40,000 US/Troy Ounce. So maybe when the escalating price of gold catches up, we can all sit back, applaud the dominance of the Barbarous Relic and live happily ever after, Midas men and women atop our gleaming piles of Sovereigns and Gold Eagles.

Watch this space, I’ll be back!

Tom.

Phone hacking set to rumble-on & other matters off General Interest?

By tomtom

A great big fuss about nothing?

As the post-mortem into phone hacking drags on and on, about who knew what and when, it becomes more confusing by the minute. Though in recent days, it seems to have taken a turn, we’re now exploring things at the slapstick level of a country fair.

Apart from the staggering compensation settlements, it’s become akin to the level of an Aunt Sally Stall, as it descends into the realms of mud-slinging. Possibly it’s in anticipation that if enough of the brown stuff is chucked about, some of it is bound to stick. But to rake up pics of ‘Gid’ from the beginning of time, sucking up to a black beauty, who legal eagles now reckon has a story to tell, smacks of the ‘couldn’t make it up genre’. That’s desperation unhinged.

Another bone of contention is the completely despotic behaviour of this select committee. Half the time the MPs charged with the task have little idea what to ask and resort to nit-picking of the most obdurate kind. They appeared to be out of their depth, when quizzing ‘Rupe’; he had the measure of them before they opened their collective mouth, to fire off their inane questions.

A complete fog is descending over this entire imbroglio and even Red Ed has gone quiet, as he realised he was just making himself look even more foolish than we’d taken him for, after his glorious victory in the leadership poll. That was a debacle which seems to have legs, for it will run all the way to the next General Election.

What is really puzzling however is the how and why of the Unions bosses, in thinking it will reflect on the chances of re-electing a Labour Government.  They appear to have gone off their collective rocker, trying to make a fist out of strike action over pensions. The horse has bolted bros., and the stable door is firmly shut.
There can be no justifiable reason to try and bring the country to a standstill over this, especially when they have nothing to offer other than to retain the status quo. It’s clearly a no-brainer, something we can easily associate with the present cabal of left wing rabble-rousers.

After a decade of Labour profligacy the country is technically skint, a busted flush and that’s the top and bottom of it, till we dig ourselves out of this hole. This is the biggest and best one ever created by Labour and they are responsible for about half a dozen on them, since they first formed a government back in 1924. Will they ever learn? On the face of things highly unlikely, will the electorate ever learn? That’s highly unlikely too.

Watch this space, I’ll be back!

Tom.

The Laughing Assassins.

By tomtom

All the way to the Bank?

Brown, Balls & Darling, that is, the three not-so-wise men who fiddled and fumbled as the UK economy tanked.  They’re nothing more than terrorists, who should be denied the oxygen of publicity, let alone be encouraged to write books about it, as though it was some kind of classroom melodrama. That we permit, nay even encourage such a carry-on; appears to suggest there is no one in this dis-United Kingdom, capable of taking events like this, seriously.

  So here in the naked light of day all is revealed, at the very heart of what should be the nerve centre of a thrusting vibrant nation, playing on the world stage, with all the panache that built the greatest empire the world has ever known. But what is revealed when we get right down to it, is little more than a juvenile game of yah-boo sucks, more suited to an infant school’s playground.

  Though what it really reveals, is the bankruptcy of the British electorate’s political nous when the two thirds and often even less than half of all eligible voters, bother to turn out for an election. In my own town a Labour councillor was elected on a turnout of fourteen percent, which no doubt qualifies for the nub of a situation where a town or city returns the people responsible for the running of the government both local and national, on strictly doctrinaire principles based on, ‘what’s in it for me’.

  It saddens, even sickens me personally, to think that in the end, all things being equal, the electorate in a particular village, town or city, finish up with exactly what they deserve. An administration incapable of doing what is in the best interests of the public at large, only what is good for themselves.

  Mistakenly, I now believe that for several years, I reckoned this was due to the fact that we were failing to pay the going rate, which the best available talent required to make a career in politics at a local level. So I felt justified in this line of reasoning, as the rewards for a local councillor were enhanced to a point which seemed to indicate, this idea had been recognised and was being addressed.

  Sadly however, it appears to have morphed into a kind of pin money thing, which in tandem with a day job or pensionable age, can sustain a sought after life style, on the nod and a wink basis. Something that is readily seen as Freedom of Information revelations, confirm the attendance records and participation levels for all to see.

Often it appears to the point where a game of Musical Chairs accompanies a forthcoming local election. If some elected member fears their particular Gravy Train  is about to hit the Buffers.  Will we ever evolve a system where the best of British rules O.K? Or are we condemned forever, to political Masters of the Universe, who are there because they have sworn allegiance to a useless political agenda or have spotted a direct route, to Easy Street.

  Elected members it might be said, who are merely there to rubber stamp the machinations of the particular brand of civil servant chosen quite often for doctrinaire political expediency. Who populate the various departments of government both local and national, with personal hidden agendas?

  In the end the truth will out, it always does. Though sometimes it gets overlooked, when it’s right under the end of yer nose?

Watch this space I’ll be back!

Tom.

What’s the matter with Vince?

By tomtom

Is it just a definitive case, of one foot in the grave?

The government’s strategy to boost local enterprise in England got off to a poor start Vince Cable admitted, adding that: ‘It was ‘Maoist and chaotic.’

 Can it recover to help businesses grow? Of course it can Vince, all it needs is someone like you to get out there and sell it, instead of moaning all the time about how it could be if we were all Lib Dems.  We’re not Vince and your performance in office has been a disaster for Lib-Dems. It’s looking like you’ve lost more votes than you’re ever likely to recoup at the next General Election.

  But the big problem for the country Vince, is the fact that disaffected socialists can’t bear to vote Tory.  Whilst their only safe haven  the Lib-Dems is looking distraught with blunder after blunder, as you stick to Lib-Dem doctrinaire stuff,which  fell out of fashion back in the 1920s.  Lib-Dems will never amount to anything substantial in the way of your former Lib-Dem leader’s famous conference aside:  ‘Go back to your constituencies and prepare for government.’  Well maybe they did, but it turned out to be total error of judgement and judgement is exactly what Lib-Dems lack.

  If they had any cokum they’d have stood back from Co-alition with the Tories, for all it did was give Dave ‘n’ Gideon time to bolster the case for the ‘Establishment ‘s eternal right to have the Tories govern in their name. That’s four more years of self inflicted misery, for all the disaffected Lib-Dems, to nurture their hatred of Nick.

 Of course the fact that the real medicine bottle, has not yet had its seal broken, as the palliative measures of low interest rates and the printing of money are given time to work through. However on today’s evidence, it’s doubtful this will come good in time to stem the bogey of rising inflation, that other ‘Bull in the China Shop.’

  It would be nice to think we could grow our way out of this massive deficit without any cuts, but the re-distribution of the deficit, Dave and Gid’s favourite mantra, seems to be a dead duck. It relies on demand and for the immediate future most of the demand side has been met in terms of consumer spending, except on absolute essentials.

  This apart the government could do well to clamp down on the companies who are ramping up prices in an opportunistic way, as they sense a chance to beat the odds by claiming they have no option, when in reality they are just hyping up the ante to raise prices far more than is necessary.

  While in addition to this the bankers look to be intent on carrying on their trade, as if nothing was awry with their business plan. That they can carry out paying huge bonuses when the price of everyday essentials heads for the stratosphere is obscene. Surely they too have to live in the real world of today, which they did so much to nuture before the penny dropped!

Watch this space, I’ll be back!

Tom

With the help & assistance of Hindsight

By tomtom

A lone voice Crying in the Wilderness

To address the social problems of today requires the sickness that is loose in society to be dealt with. How do we do this? By restoring discipline and respect for authority. Though if authority in the shape of Parliament and other forces of Law and Order, carry on like the script of a Carry-On film, you finish up with the situation we have today, where respect for authority in the home, the school and the rule of law have been lost.

  In the home, the school and the playground, discipline and the ability of teachers, heads and parents to dispense it, has been eroded. We will get nowhere with these problems of riotous indiscipline in this recent context, till the basic underlying problem of indiscipline is dealt with. Unless and untill you treat the underlying problem (years of trouble-shooting as an engineer has taught me) nothing will be changed. 

  Since 1996 when I first became involved in active politics as an elected member, I have canvassed my view of (a sickness loose in society that is not being dealt with) at local and national level. By editing and publishing my Bullet Newsletter and attempts to engage everyone across the Community through an Anti-Social Working Party. (WASP).

  Over a decade ago, I called together Officers of the Law, Officers from the Youth & Education Departments of the Local Council, Housing Associations, Developers, even including Representatives from the Hon David Blunkett’s Home Office, down to Officers of the Local Council and the Head Masters and Head Mistresses of the Local Schools and the public at large. All to little avail and the evidence of all this effort is there in Black & White to prove every word. It’s all on the record.

  Reporters I have spoken with about local problems to the point of expounding my views on indiscipline in the home and schoolroom, have rendered little but the impression I was banging my head against a brick wall. It was never going to be newsworthy till it manifested itself in the way it has and they did not wish to pursue it in the written article. So I set out to establish and publicise my efforts through an Anti-Social Working Party, which by definition still exists to this day.

  Though I have to say based on my experiences, over these fifteen years, everyone in the mix of responsibilities in this respect seems to prefer to leave the real decisions and the action which needs to be taken to someone else and there it rests. Well it does till something like the recent rioting manifests itself. Then the true result of all this inaction explodes in living colour, for the whole wide world to see.

  Far be it from me to say I told you so! But there are people like me who saw it coming and my track record on this speaks for itself. We tried our damnedest to do something about it and we have a right to stand up and say our time has come, the pendulum has gone far enough to the left it’s time it swung back. Time that real discipline was restored, not to the extent of the hang ’em and flog ’em brigade, but born out of a true sense of personal responsibility.

Watch this space, I’ll be back!

Tom.   

The Real Treasure Island?

By tomtom

 Peter Hitchins is no lone voice crying in the wilderness!

Police water, cannon and plastic bullets? After 50 years of the most lavish welfare state on earth? What an abject failure wrote Peter Hitchins in the Sunday Mail.

  But he was not alone in predicting somekind of come-uppance for a social system, which is the envy of every economic migrant, harbouring fantasies of a good life, if only they could make their way to Treasure Island, as these six thousand odd sacred isles came to be known, across the war shattered remnants of the Middle-East, the Indian & African sub-continents.

  Not only are we hostage to fortune for all this, but for all the European Utility Companies too that piled in to rape the British consumer, with their rip-off prices for water, gas and electricity. Far above what they are allowed to get away with in their own domestic markets, where the Anglo-Saxon model is denied to all and sundry. 

  Is it any wonder that EdF and E-oN piled in here, on Treasure Island? To bolster their balance sheets on the back of lackadaisical governments more intent on clinging onto power for their own vested interests. Who treated the public at large, as no more than Canon Fodder for those intent on raping the consumer, for all he was worth. For the sake of the tax revenues, it generated for their Treasuries. 

  100 – 1 the odds, that the next thing you’ll be hearing about, is old people dying of hypothermia in a few months time, because they can’t afford to light up the measly one bar electric heater or gas fire they depend on, to fend of the worst effects of another Artic Winter. 

 Probably one of dis-content as the full effects of European Union at the cost of £48million/day bears down on the economic well-being of Perfidious Albion. It has to be time to take a step back from all this mayhem and find a way to restore Great Britain to its pre-eminence and assert its authority to set an example to rest of the world, as we did when we created the Greatest Empire the World has ever known. 

  It’s time to remind the rest of the world that the Anglo-Saxon Model is the only way to go, if they wish to have peace and prosperity for all. Democracy must be the way forward for all the people of the world.  So they alone can choose how they wish to be governed and the end to dictatorships in whatever forms it morphs to, EU or otherwise, as the despots across the world try desperately to cling on to power by mass extermination of any dissidents. With bullets or economic means. 

Watch this space, I’ll be back!

Tom.

Euro peril escalates, as France vacillates

By tomtom

Outright denial no antidote to Rumour Control Central

As France fiddles while the rest of Europe burns? The Euro is a dead duck and like an alcoholic in denial, there can be no cure till admission prevails.

  But no sweat I have a solution. All it needs is a re-christened Euro. Let’s call it the new Reichsmark and rename the ECB, the Bundesbank. Begone you doubters, renaissance is at hand. All it needs is the realisation that Anglo Saxon realism, rules OK and its problem solved.

  It was always going to be this way, because no one across the entire continent of Europe can organise like the Teutonic machine. You have to hand it to them for a nation with little in the way of natural resources; Germany has used their one exclusive, almighty talent of organisational ability, to raise the ante post bet.

  Can it succeed economically where all else fails on the back of exporting superior over-engineering. Quite possibly the answer is yes, but what it really lacks is the Anglo-Saxon flair for design. There really is no way that over-engineering can be a substitute for design flair. It just doesn’t work.

  You can engineer a product to last far longer by over-engineering, but beauty is in the eye of the beholder and people will soon junk stuff because they get fed up with its appearance, when something which appears to be new comes along. So inevitably the blending of Anglo Saxon realism and Teutonic engineering is the real solution to the woes of Europe.

  The theory that it needed to be bound together in an economic colossus, to match the USA, has proved to be a bogus argument. For ever since the Wall Street Casino set out to rule the world and the strait-jacket of a duo-metallic monetary system was abandoned in Europe, circa 1717. The present hiatus has been brewing.

  The final nail in the coffin of postwar European endeavours to build an empire to match the USA was delivered on August 15^th 1971 when the US$ effectively became a Fiat Currency an IoU. That nations across the world and in particular China, as it clung to Communist Rule while vying to be the factory for the world in consumer manufactures, failed to realise that default by the USA had from that moment on, become an inevitability.

  The great American Casino known as Wall Street, could not believe its luck as the hi-rollers in China, feted for their gambling instincts, piled into US IoUs. Now they have accrued billions of what are effectively US junk bonds, they stand to be the nation above all others with the most to lose, as America’s Wall Street prepares for default.

  Siren voices claim a return to the gold standard is the way forward, but the fact that the value of the precious metal would need to plateau out at a value equivalent to the US IoUs issued since August 15^th 1971 at around 35/45/60,000 $/ troy ounce, invalidates this argument in perpetuity and other solutions will need to be devised.

  What is the answer? Revaluation, devaluation, default, it really does have to be one of these three things. Though even a revaluation to realistic values, would mean upheaval on such a vast scale that it has to be discounted. Devaluation solves nothing; it just postpones the day of reckoning. So the only real solution is default. Debts are written off, credit is destroyed and the roundabout starts all over again.

Watch this space, I’ll be back!

Tom.