“Ending our Gateway to Europe status would be a big loss”

The Europhilliacs are at it again

By our tomtom

Britain’s Europhilliac employers have so far, been unequivocal in how they see the UK’s relationship with the European Union, wrote the Telegraph’s Damien Reece.

The core message to David Cameron from Big Business is:- “Do not encourage an EU exit.”  Why not Mr. Reece, are we to take it as read from recent comment you are suffering from Europhillia? Surely you are not of the opinion that all Red-blooded Heterosexual Anglo-Saxon men, women and children should be made to labour under the Yoke of Brussels Eurocrats for the rest of their natural without a smidgeon of revolt., for the sake of Big Business.

But then Big Business dances to a different drummer, from the rest of us. Their only motivation is Tomorrow’s Profit Margin. I know this because as a Local Councillor and Vice President of the Local Chamber of Trade I attended meetings with this auguste body of opinion.

What it told me in no uncertain manner was that their sole Raison d’être is tomorrow’s profit figure and whatever degree of insouciance they can engender in the City Fathers to sustain it, is Fair Game. Though in effect, this is to some extent an obvious motivator, it totally ignores any function in relative terms to the well-being of the nation, as a whole.

It reminds me of the scene from the Movie Clear and Present Danger. Where Escobado the Columbian Drug Baron; is bemoaning the attack on his underground cocaine processing facility, by Ritter’s Band of Covert Mercenaries. They’ve demolished his factory with high explosives and as he inspects the damage he’s screaming vehemently at the top of his voice:- “They’re stealing my money.”

Well that’s what it feels like to your average Joe Sixpack back in this United Kingdom, as these EU Invaders, these economic migrants flood in. They’re stealing our money, using the system that was supposed to protect our own UK subjects from the vagaries of the Anglo-Saxon style of economic cycling with Social Security Benefits and the like.

This influx has generated a Rising tide of Criminal Activity by cut throats, thieves, pick-pockets and racketeers, assisted by naïve officialdom and misguided legal officials with an eye for the main chance when it comes to ‘Billing Opportunities’.

Whilst it is uncertain that these practices leave definitive traces of illegality, the evidence that such practices are becoming widespread is there in the statistics. Whilst this may not be bona-fide evidence as demanded by our judicial system, it is nevertheless self-evident to anyone caught up in the net.

It's not the place of our United Kingdom to accept the latent stupidity of propping up a host of economic migrants from Lame-Duck economies across Europe. Nor is it our place to substantially contribute to a corrupt system of disbursing subsidies to those EU Leaders promoting the emergence of a Federal Superstate that may not after all their Hubris ever have wings of its own.

So do we standby while Criminal Gangs from Eastern Europe pile in, across open borders to rob us blind till we’re all skint and the Eurocrats of Brussels have dragged us down to their level. On the back of the pernicious degradation only they are capable of.

It's time to get real with the mess our Bankers and Political Masters of the Universe have created for the Common Brit. It is a diabolical mess which they together with the antipathy of almost sixty percent of the electorate regard our system of Democracy.

Its time for change and not the kind of change that promotes minority interests to think they can punch above their weight. When they’re purely motivating a certain section of the populace on the back of dissatisfaction, rather then promoting Freedom, Choice and Opportunity which should be the mantra of the mainstream parties. Should they begin to think further than the end of their collective nose and free the people, rather than try to suppress them with a police and client state, of epic proportion.

So Come-on you Tories get your act together on behalf of the Common Good for all the people of these 6,000 + islands that comprise our United Kingdom. In the words of that great statesman William Ewart Gladstone: “Let the money fructify in the pockets of the people.” Or am I correct in assuming that 'Damian' is the off-spring of the Devil?

Watch this space I’ll be back.

Tom.



How often in a lifetime can we get it so horribly wrong?

By tomtom

Then fail to see the wood for trees

(A Tom Stack New Year Message)

Everybody and his dog is doing it so why not me? 

Mostly it’s due to the infighting as a power grab becomes the only game in town. Then we get a wimp followed by a bunch of social climbers out to create their nirvana with a police state and identity cards.

  There should be somekind of minimum qualification for an MP other than joining a political party and keeping your nose clean. But with the country more or less divided between left and right with a few in-betweeners, what hope is there that we’ll ever get it right?

  All it takes is a few percent to swing it either way, but when a party gets elected in a landslide with fewer votes than the winning party got in the previous election. There has to be something fundamentally wrong with the system per se.

  Look, all we want is for the country to prosper so we can all enjoy a good life and do a bit of Getting-on. But these days it’s like a latter day version of St Wilibrod’s March. Only this time its two steps forward, then three steps backwards.

  Can you believe the timing of a chancellor, claiming to have ended boom and bust when anyone with an ounce of cokum, could see the biggest bust in history on the horizon. Heading our way faster than a speeding bullet.

  Maybe we don’t know what we’ve got till we get it and meanwhile for a generation now on the ropes, it’s still on its way. Surely it’s not beyond the wit of all these educated superstars, with more letters after their name than populate the alphabet. To sit down and work out what we need to do as a nation to prosper.

   With half the world beating a path to our doorstep for handouts they couldn’t get anywhere else, surely there has to be a limit to our largesse even if it does revolve around creating money out of thin air. It most likely doesn’t have to be this way and there must be enough examples in the world of why not.
 
  In 1997 we stood on the threshold of a Golden Age, till a landslide of epic proportions chucked it all away on bonfire of hubris. We need a return to commonsense values, for there is no bounty to be had in everlasting growth. It ignores the natural laws of supply and demand.

  So till we realise this and get to grips with the fundamentals, I guess there’s nothing else for it, but to carry on like this. It’s swings and roundabouts, till we’re all gobbled up on the altar of diminishing returns. It’s being so cheerful, as keeps me going.

Prosperity for all in the New Year, so we can all be miserable in comfort.

Watch this space, I’ll be back!

Tom.

Most voters 'now want Britain to leave EU'

You'd better believe it  

Most people now want Britain to leave the EU, according to figures, in a Guardian/ICM poll, which showed 51% would vote to take Britain out of the European Union, against 40% who wanted to stay in and can you beleive  9% couldn’t give a fig?

  A poll is released that indicates a hardening in Eurosceptic sentiment among the public, as Nick Clegg warns David Cameron not to back out of Europe and dismissed plans for a referendum on the country’s membership of the EU as “putting the cart before the horse”. That's probably where the Lib-Dem cart has been, since the demise of William Ewart Gladstone the true Liberal stalwart who put country before party or political expediency and personal ambition.

  But can you really believe that 40% want to continue with this idiotic attempt to create a Federal Superstate dictating to the teeming masses of Perfidious Albion, how they should live their daily lives in jeopardy of Euro Dictats? Dictats which have no provenance in democratic accountability, as presaged by a ridiculous system of proportional representation geared to ensure the supreme powers of unelected Commissars attuned to a Union of European Socialist Republics a (UESR) While Gulags, Secret Police and Kangaroo Courts, go unchallenged.

  Surely it’s time to end all this nonsense and the continuous bleating of the UK’s Lib-Dem nonentities, like Nick Clegg. Who presumably will be air-brushed out at the next General Election as we hope and pray that only Lib-Dems will be suckered by the dubious attentions of the ghoulish UK Independence Party’s - ‘One Trick Pony’.

Referendum and out Now! You know it makes sense.

Watch this space, I’ll be back!

Tom.       

Is the Western World on a rollercoaster to nowhere in particular?

Quite surely it is if the apparatchiks of the EU remain unfettered

Though the International Monetary Fund in a recent report believes the developing world is fast catching up with the developed world, the overall impression is that it slightly hampered by recession across Europe, the USA and Great Britain. After centuries of progress and the transfer of western technology to the third world, in pursuit of profit margins, it is apparently of little concern to the transferees of western production lines to China and beyond that in the end it must be limited by the ‘Law of Diminishing Returns’.

After WWII it was Japan playing catch up and Germany rebuilding that the new factories and production facilities should inevitably have an advantage in export markets as the latest machinery and production techniques were incorporated. So a period ensued where both Germany and Japan were able to build worldwide export markets, with the tremendous advantages, bestowed by this progress.

But the fact that globalisation is all about equalisation is beyond question, though if the limit of transfer is the pursuit of profit we will undoubtedly arrive at a point where this transfer of production techniques becomes self-defeating. So the obvious question then is can the west survive intact as a service sector?

We see the answer to this, in the efforts being made to shift the balance of power in this respect by the attempts from Brussels and the USA to master in financial services. Even tiny Sweden attempted to get in on the act, when it audaciously entered a bid to takeover the London Stock Exchange.

Then the New York Stock Exchange ventured east as did the NASDAQ, though in the end they only managed to pick up the dregs, in Paris and Bonn. The reason for all this manoeuvring, is probably that it suddenly dawned on these entities that the ‘City’ of London had become the Clearing Bank for the World and for as long as that remains the case for the UK, the rest of the world can be our workshop.

The real answer to that one however will await the way things pan out, though in reality it probably depends on supply and demand curves. There has to be a point though, where the demand for the latest technology is sated somewhat by the ever rising prices at the hands of the Fractional Reserve Bankers and the ten percent year on years demands of the investment houses that drive this financial sector. Maybe they reckon they can go on, year on year constantly driving up prices to satisfy this element of the equation.

But once again this relies on supply and demand and history dictates that as in the past a flushing out of the system has to occur. This happened on many occasions in history. In fact as recently as the 1700s, when Sir Isaac Newton as Master of the Royal Mint in the days before decimalisation of the currency, had wanted to set the price of a Golden Guinea at - £1-0s-10½d, but was overruled by parliament. They decided in their wisdom to make it £1-1s-0d. This altered ratio of the gold to silver price and allowed British merchants to transfer almost the entire inventory of continental gold to Britain

At some moment in time parliamentary government must wake up to the fact that it cannot forever, go on issuing interest bearing debt and allowing the lending banks to create money out of thin air. In addition to which, the writing-off of debt destroys credit. The very thing they claim we need to revive the economy.

Ergo - The ‘Law of Diminishing Returns’ - The first choc ice is ace, but by the time you get through the third or fourth, it’s yuck!

Watch this space I’ll be back!

Tom.

Five years on, the Great Recession is turning into a life sentence,

So wrote Ambrose Evans-Pritchard Sunday Telegraph 12/08/02

Five years into the Long Slump it almost seems as if we are back to square one, he continued and here's a response -  by kind permission of - manonmidlandmainline

A life sentence heh! Clearly Mr A.E-P with your vast experience, you above all should have recognised this at the outset. It was always going to be this way. After six failed dalliances with Socialist Chancellors since 1924.  Personally I warned of it back in 1997 when the then Chancellor turned over the setting of the bank rate  to the MPC

I reckoned he just wanted someone to point a finger at when things went belly up, for he had no faith in his own judgement. Always the final call should be with the policymaker in the Treasury. That's where the buck should stop.  

My sympathies lie with the present Chancellor in his quest to find the best possible fix for the overstretched millions who thought there was such a thing as a new paradigm

You cannot grow yourself out of this Fabian Socialist debacle when the demand curve lags behind the supply curve. That's how markets work. No matter if it's commodity markets  or otherwise.

When the entire world is choking on production at tuppence per hour, it is inevitable if you are reliant on the home economy and  exports and that it has got to be a long game.

All that much longer when the main protagonist  let things rip on the premise that he ended 'boom and bust'  Genesis Ghapter 41 verses 29/30. Seven years of plenty followed by seven years of famine.

Though as you rightly point out, it could be a generation and more. Especially now we can begin to see the true consequences of 'Laissez-Faire Socialism' at work, courtesy of our former Chancellor the self-proclaimed - ' Son of the Manse'.

Watch this space I'll be back!

Tom.

Blair’s guilt over wrecked economy?

Crocodile tears

It truly defeats me that Anthony Blair has the gall to even dream about making a comeback into British politics, for he appears not have taken onboard the politician’s mantra (never apologise, never explain). But to sit there in anticipation that he can mitigate the effects of his stewardship by coming clean when he above all is responsible for the appointment of Gordon Brown, as the dottiest chancellor ever, beggars belief.

It’s truly astounding in that anyone so fiscally naïve could be put in charge of the nation’s finances and then sit there claiming to have ended boom and bust. When the entire nation was going to hell in a handcart on the back of the biggest bust in modern times is absolutely ludicrous. I say it again as I said back in 1997, when they turned over the setting of interest rates to the Bankers. The Bankers are only ever going to set the rate in favour of their Fractional Reserve Banking system.

For I knew then and I know even more so now that this business of creating money out of thin air, together with the ability to do it vested in the Bankers, in no way follows the principles of the Yellow Brick Road. It merely permits the Investment Bankers to use whatever means they can, to get their sticky little mitts on as much as they can to use the system and clip clop off into the sunset with obscene amounts of the racked up interest fees, filling their boots.

        

Sooner or later it has to be brought to an end, it cannot go on forever without end.  For as in all things where excess becomes the norm, the law of diminishing returns will impose itself. Oh all the Brightboys who sense their magic formula is about to be rent asunder by common sense will rail at the prospect of having to carry out mundane chores to make a living. But if that’s what it takes, sobeit.

Watch this space, I’ll be back!

Tom.  

Toryboys for U-turns?

By tomtom

Don’t you believe it

Uturns, about-turns downturns? They’re just a way of degrading the aspirations of the Lib-Dems, to leave their imprint on the fabric of our Society. It was going to be the Lib-Dems version of the ‘Big Society’ and they’re absolutely tee’d off that Dave picked up the idea and ran with it before they realised he’d scuppered their plans again.

  Did you fall for all that guff in the ‘gardin’ at No.10? The false air of bonhomie, the laughing and joking like were all pals together – no way José. Crafty as a ‘cartload of monkeys’ these Toryboys as over the horizon zooms the latest, scupper Nick ploy, 100 Toryboys threaten revolt over the HoL débâcle. What’s the betting every one of them had personal text from Dave?

  Call it a U-turn if you like, but it was little more than a hefty boot into the long grass for Nick and his hapless band of Derring-Doers. They’re just not up to speed when it comes to ‘Politikin’. But the odds ‘agin’ the Lib-Dems are daunting since the Toryboys wheeled out their latest secret weapon – Jesse ‘Flashman’ Norman.

  Now the rebel faction can sing Dixie and they have a leader. So who knows where he can lead, especially if he gets his teeth into this latest Toryboy ploy, to renegotiate our terms for associate membership of the EU.

  EFTA here we come and with the Commonwealth to boot it looks like the future can be bright as we trade with the rest of the world on our own terms. While Farming, Fishing and Financing our way to a new prosperity. Begone you Eurocrats, Perfidious Albion rules O.K.

Watch this space I’ll be back!

Tom.