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.