To Baroness Uddin my message is :- ‘Pay up & p$$ off!’

 

The Right Honourable the Baroness Uddin (who is neither right or honourable)Yes, I agree with you dear reader, the title of this piece is as unattractive and offensive as is this disgraceful woman’s opinion of Britain. She is cynically shameless and has obviously been corrupted by the power, position, privilege and title of which she might have once been worthy – but no more.

It appears that she is to be allowed to repay the £100,000 she has fraudulently claimed (still unpaid after 18 months!) from her future House of Lords attendance allowance of £180 per day! Can you believe this crap?

That it appears impossible to remove her title and to stop her return to the House of Lords is itself a ridiculous state of affairs.

She has shamed not only herself but that truly despicable Tony Blair who appointed her, her professed religion (Islam) and the political hierarchy of Britain.

For Pete’s sake wake up Britain – is there nobody, in power, with any sense of decency or the guts to do what needs to be done ?

She is but one example of the worst excesses of the Blair administration’s attempt to raise the profile of Muslims in Britain. Blair’s ridiculously incompetent, incoherent time at the helm of our country has impoverished most of the British people for at least one generation while he himself ambles round Israel and Palestine, charging us £4 million per year just for his Jerusalem office costs alone  (the people’s share of his “Quartet expenses”), as a peace envoy creating peace in the Middle East! 😯

This situation is so ludicrous that, to anyone with half a brain, he, together with that disgrace of a woman Uddin, should be simply arrested and retrained as a bottom washers in our retirement homes industry; at least there they might learn humility and earn their money.

To finish my rant I found this pictorial view of Blair’s true legacy to the nation:- all; of whom have disgraced themselves and are the lowest of the low but are left free to extrort even more cash from the raped tax payer.

 

The sound of gentle weeping can be heard …

 

PS: I thank http://charonqc.wordpress.com/ for the picture of the Right Honorable Baroness.

PPS: Where is Hazel Blears, to name but one, in that ignominious lineup?

 

‘Would Jesus have ‘cast out’ the demonstrators at St Pauls’ …

 

Last night’s Questiontime on BBC1 gave us that question – I have to say thanks to the gentleman who asked it 😉 Juilian Fellowes somewhat missed the point at first, but did recover later on, do watch him getting it wrong hehe!

I have to proclaim that I am an atheist, a latterday convert from the gentle Methodism of my family, but the treatment of Giles Fraser, by the ‘religulous’ committee that ‘run’ St Pauls Theme Park, has shown up today’s Anglican Christianity for the self righteous, pompous ‘Sadducees’* that they are. They have done the humanist and atheist cause a great service so tar very much mates!

Giles Fraser outside St Pauls

As a ‘cultural christian’ I can see that today’s ‘religulous’ authorities have little connection with Jesus’ Gospel teachings which were, on the whole, pretty radical and socialist for their times. 

The Jesus of the gospels would have ‘cast out’, not the protestors, BUT the ruling elite of the Cathedral and then re-instated Giles Fraser as the only one, of that disgraceful committee, who had got the point of his teachings 2000 years ago.

Once he had done that, Jesus would have invited the protestors in for a cup of tea and a biscuit, invited the TV news crews in, and given a sermon on the evils and irrelevance of hedge funds, self-serving bankers, short termist politicians and then told the protestors to occupy Canary Wharf tube station, while he set about disbanding the religions set up in his name, but not his message!
 
* I quote the “Catholic Encyclopedia on the Sadducees:- ” …during this period and down to the destruction of Jerusalem the Sadducees were naturally unpopular with the masses because of their marked tendency to side closely with the ruling power”. Basically they were the self perpetuating establishment health & safety committee of their day.

“Foxy was a werry naughty boy” (not too tough I hope Dave?) … G.o.D.

 
Sir Gosh asking Dave if his essay was OK ...
Sir Gus O’Donnell, the current Cabinet Secretary, the highest rank in the British Civil Service, has today completed his exhaustive and painstakingly thorough investigation into the misdeeds of Liam Fox (former Minister of Defence) and his fwend Adam Werrity and has made some tough recommendations for the Prime Minister … 
 
Meanwhile, and in and alternate reality (the one you and I live in) somebody wrote …”Today, a soon to retire, civil servant wrote an essay that had no spelling mistakes, no, not even one. This incredible achievement means that Sir Gosh O’DontAskMeDifficultQuestionsPleaseImAbout ToRetire, will end his career with a composition of 2,737 words all about what SnottyFoxy did on his holidays with his chum Adamawaddamy Werrity. Now look here all you who might sneer at this work – It must have taken him at least 2 or 3 hours to write up AND with no spelling mistakes, unlike the mistakes that Foxy made (Oh, and he’s very, very sorry that he made the same mistake 42 times by the way …)”
 

His conclusion was that they were both werry werry naughty boys indeed and said that in future we must make the rules (about what Ministers of the Realm can and cannot do on their holidays) much clearer for them to read and understand (ah bless…)

His ruthless questioning of Mr Werrity will leave us all gasping at the sheer determination of Sir Gosh O’Dontbotherme’s fierce desire to cover up the truth as quickly as possible.

So then, another smarmy self serving, corrupt politician is let off the hook to resurface in a few months time.

In Prime Minister’s Questions today the opposition leader, the Right Honourable Eddie Millibean, couldn’t even score a point against this crass self serving corruption. 

Isn’t party politics so good for us all?

The sound of gentle weeping etc.  …

It’s a funny old world (#2) QE2; £75 billion “boost” for the economy!

 

The casual hypocrisy of George Osborne:-

09/01/2009 – “QE is the last resort of desperate governments when all other policies have failed” – George Osborne in opposition

06/10/2011 – “QE is an appropriate tool” – George Osborne (reported on politics home)

Yes it is par for the course for politicians to lie and spout bollocks – this is a jolly good example.

Here is some sanity from my favourite BBC economics commentator, Stephanie Flanders,  who blogged  “Some say that QE is all a confidence trick – albeit, an important one. What, exactly, the Bank does is less important than the fact that it is seen to be doing something. The US comedian, Mitch Hedberg, had a line I reprised on the Today programme this morning: “My fake flowers died, because I forgot to pretend to water them.”

Which is slightly funnier but just as accurate as is my definition of Quantitative Easing espoused in meBook.

The sound of gentle weeping … etc.

Eurozone delusions continue

 

Even now, when it is obvious to everyone but politicians, journalists and most economists, that “bailouts” don’t work – cannot work – never in a million years would work, do we have emergency meetings between, France, Germany and Greece “to sort out the ‘crisis'”, again. These meetings, being held today, won’t work either because of the refusal to face reality.

The reality is that Greece is totally bust, Portugal, Italy and Spain are almost bust and therefore the Euro is doomed because the remaining members of the Euro-zone will never be financially viable unless they grow at their own pace with their own currencies.

The European Union was only ever a political construct based on the need to stop Germany invading us all again! 

The Euro-zone was a political construct to kill off the USSR for good by tempting in the former Soviet Union’s satellite countries.

The real solution?

Move from denial to acceptance by:-

  • Realising that the 30 years old debt mountain madness has crippled the West and its current version of capitalism
  • Realising that the “markets” are self serving and are a pointless construct for you and me
  • Reforming the EU back into the EEC thus saving billions in pointless activity that serves nobody but the Berlusconis and Kinnocks of this world 
  • Letting the Hedge funds and casino banks take their long overdue haircuts
  • Waiting for 25 years while we gradually sort ourselves out.

That is reality – tell me I’m wrong and why!

 

In defence of David Starkey – he was right – “white is the new black”

David Stakey on Newsnight August 14th 2011
 

I find David Starkey an interesting man in many ways and admire his perspective on today’s events when he does his “but of course, we have seen all this before …” routine.

I am not with him on his love affair with the monarchy, but in almost all other respects he is largely in agreement  with me. <ahem>. He is a bit of a dandy, sounds far too posh and is too small, all of which makes him an easy target – but the man is right!

He is particularly correct when he made his comments recently on Newsnight about “white is the new black” – a phrase which he started to explain in great detail – at which point he was shouted down by an ignorant oik (author of “Chavs”) and a black Guardian columnist who just could not give up being black and see that his analysis was indeed correct.

David Stakey on Newsnight August 14th 2011
David Stakey on Newsnight August 14th 2011

The studio discussion was about the riots and what caused them – Starkey agreed with “someone” who said they were simply “shopping with violence” – (I do admire that turn of phrase) which was absolutely spot on. But, oh dear me, the other two speakers went off on a PC liberal tabloid level rant about joblessness, social deprivation etc. Those arguments are completely valid of course, if we could usefully employ the nation’s young men (and ba dis I include da noo waaeet bloods ‘oo also want da bling and da threds innit*1) then the country would be a happier place.

 BUT, Starkey’s point was a simple one – the Jamaican black, rap, drug, gangsta culture has been absorbed by white disaffected youth, both male and female. This new, and very powerful, social grouping has replaced the family with the gang culture and has even provided a new language to learn – so they all sound da same wevver dey live in Liverpool, Nottingham, Birmingham or London – innit. 

I believe that what they are saying  is “we really want to belong, but we can’t”  🙁

All David Starkey was doing was putting forward an analysis which might provide the tools for an eventual solution – but thinking is apparently not allowed.

Dave Cameron is doing his normal PR thing – loads of fluff – very well presented of course – in true Blairite tradition – but no substance – very little long term thought and, of course, no money to actually resolve the problem.

If there is a criticism of Starkey to be made – it is that he was not clear enough / clever enough to put his point over in a very highly charged studio discussion with emotions running very high. The chair was not strong enough either and allowed the PC rant to overcome Starkey’s pertinent analysis. 

My solution? I have many, but one little beginning might be this, we have to find real jobs – in the cities initially – for thousands of young people. I suggest food production colleges growing the stuff we currently import from Holland, Spain, Africa and Italy. We use Hydroponics – develop brown field sites using Dutch greenhouse technology etc. The cost is huge of course -and to pay for it I advocate leaving the EU to actually allow us to take control of our own food supply. Leaving the EU would easily pay for that investment and keep the police in place that we are currently going to lose.

discuss …

*1 :- “and by this I include the white young crack cocaine users, employed or not, who are obsessed with consumerism on a false mission to replace simple happiness by consuming ever more shiny new things”

 

Reality bites – at last …triple AAA? (ask Mr Micawber, he knows)

 

The AAA rating, by Mr Micawber’s definition (and that of reality and your grandmother) is earned when your income just exceeds your expenditure and that future prospects are stable. Neither of these simple criteria apply to any country in Europe, including Germany, and certainly not to the USA or to Great Britain. So why all the excitement when the USA which has not met these criteria for years (as indeed, we have not) loses the AAA rating?

Politicians have been lying their heads off for years, and money, an artificial contstruct at best, has been warped far away from its original purpose (a means of exchange) – that’s why. The incredible thing, to me at least, is that everyone (journalists, financial services and economists – but not the banks!) has been believing them and the warped money definition –  but it seems that some have at last woken up to the fact that having politicians in charge is just like a company being run by the marketing department. Reality will bite – once the customer has bought the product and found it not to be as advertised.

It has been a long time coming but Mr Micawber’s lesson is slowly beginning to be understood by economists.

Of course it will be a few weeks more before politicians and banks can bring themselves to understand, but reality will bite, sooner or later. It really is so easy to understand.

The Thatcher era started off the real stupidity of modern ‘fast’ stock market madness and the Blair / Brown followed on like unthinking lap dogs. Cameron is still lapping at the bowl of Blair’s stupidity – he (Cameron) will probably be  the last to get it.

But its all OK – really, if the banks are allowed to “take their haircut” – as they must in order to start correcting the massive overvaluation of the banks and the stock markets around the world. 

It will take just one brave politician somewhere to start the process – say with RBS, or Lloyds (banks that we the people now own). Return the banking model to that of the 1960s and a lot of very rich people will lose billions but reality will slowly return to the world.

Discuss …

 

Aha – someone agrees with me – but no celebration …

 

Terry Smith, chief executive of Tullett Prebon, one of those “financial sector” companies that scare me to death, because I don’t really understand what they do, Terry Smith runs a blog too, and his latest posting is well worth a read so are his other musings; so good in fact that I have added his blog to my list of wisdom eschewing sources – see ‘Blogroll’ on the right hand column. That he mentions the Avengers is evidence enough that he must be a jolly good egg to boot.

Most of our ills, it seems to me, come from incompetent, hubristic mismanagement of our resources by our politicians and the simple greed of corporates; if that is now obvious to you, then hurrah!

How to replace / improve / punish our “managers” is up to philosophers, journalists, comedians but finally, you and me.

Oh, and by the way, I do realise that nobody is reading this but it does reduce my blood pressure …

Anyhow, onwards and upwards, a summary of Terry’s current musings mixed with a few of mine follow:-

Nothing “real” has been done for Greece despite the latest “bailout being hailed as a success’;- her debt level appears to have gone from 140% to 130% of GDP – wow… Quite how this happens when Britain and the Euro-zone has increased Greece’s debt by offering loans of a further £21bn. Beats me – ah well…

The ‘global’ credit Credit crisis occurred 3 years ago – however British public & private debt has still not been dealt with by our disfunctional politicians – we are talking about inactivity since 2008; they have had 3 years and yet nothing of any significance has been done. Interest rates at 0.5% are simply postponing the day of reckoning for those British private individuals who over-borrowed £1.3 trillion quid and still and rising. An indication that nothing has been learned is the simple fact that 300,000 people have obtained interest free mortgages in the last 2 years – incredible; this means that when interest rates go up again … <left intentionally blank> …

The real culprits – i.e. borrowers; individuals, private companies and the government (Ed: but isn’t that everybody..?; Yes, that’s correct!; Ed: Oh, er, oh dear me …), have NOT paid the price yet. Interest rates are at historic lows yet no real understanding of past stupidity has been realised.

The biggest issue for our government is public sector pensions which are simply untenable; yet this has, at best, been dodged and kicked into the long grass that has not yet even grown. The grass will be have to be mown by our children’s children so it seems.

If I hear another politician say that we doom mongers are ‘talking down’ the economy – I say poppycock!  The economy is going down the toilet all on its own and the government is not helping one bit; It is going to happen anyway.

Norway is a shining example of how we should have been governed since the 1970s (“managed” is perhaps better) because it treated its oil revenues as a welcome one-off surprise and banked most of the dosh for the future benefit of the Norwegian people, whereas we, Thatcher that is,  just frittered it all away whilst at the same time selling our water supply and electricity grid to the highest bidder – criminal behaviour, unbelievable! Norway is perhaps the strongest, most stable, most morally mature country in the world despite being overwhelmingly secular <just had to get that one in … hehe>. It’s far from perfect perfect but we have many things to learn from Scandinavia.

It’s a funny old world (#1) So our Vince was right then ..?

 

This is the first of a new series of posts pointing out the obvious hypocrisy of politicians that most people don’t have time to spot – I do, so here is a classic example.

The following article appeared in the Guardian on 21st December 2010.

A humbled and diminished Vince Cable was tonight allowed to cling on to his cabinet post as business secretary, but was stripped of all responsibility for media policy after it emerged he had told undercover reporters that he had “declared war” on Rupert Murdoch over the media magnate’s plans to take over all of BSkyB.

Cable’s reckless claims, in a secretly recorded conversation, were considered a flagrant breach of his duty to take a quasi-judicial approach to the proposed takeover, and were declared “totally unacceptable and inappropriate” by Downing Street. Many had expected an angry David Cameron to sack Cable or transfer him to a lesser cabinet role.

But instead the business secretary was hauled in front of his party leader, Nick Clegg, and then Cameron. After a series of emergency meetings, which included George Osborne, the chancellor, Clegg felt he could not afford to lose the second most senior Liberal Democrat from the government.

Nearly 70 civil servants responsible for all aspects of media and telecoms policy will now be transferred from Cable’s business empire to the Department of Culture Media and Sport headed by Jeremy Hunt, the culture secretary and a Conservative likely to be sympathetic to Murdoch

Now that Murdoch has been accurately exposed as a gutter dwelling, lying stinkpot (which we all knew anyway), Vince Cable is seen to have been justified and correct in his observations.

So much for a rational and principled response from politicians then eh? Cameron, Clegg and Miliband owe Vince a huge apology – but I haven’t spotted one yet – have you? Cable has obviously been gagged by Clegg and Cameron – can’t have truth being aired in Westminster village, can we – bah, poo & piffle says I.

The pathetic displays of self righteousness, in the last few days, from people like Prescott, Brown and Cameron is truly nauseating …

Are we being run by idiots? (Euro bailout #2)

 

Did you know that when Italy joined the Euro, it failed several of the main criteria set up for countries joining the Euro?

Did you know that “bail outs” of failed economies in the Eurozone are prohibited by EU law?

You may have heard that we (residents of Great Britain – the UK …) are in a bit of financial bother and that for every £4 we spend we have to borrow £1, at around 3.0% from China. This is couched in a wonderful term “the PSBR or Public Sector Borrowing Requirement”  which makes it sound quite normal to have to borrow cash to meet our ordinary annually recurring spending needs. 

Most of us learned from Mr Micawber in Charles Dickens book David Copperfield, the following simple lesson, “Annual income twenty pounds, annual expenditure nineteen pounds nineteen shillings and six pence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds and six pence, result misery.”  This statement is simple common sense, obvious to anyone other than a politician or financial journalist.

That does not include the future PFI commitments and public sector and funding conventional old age pension commitments.  (Ed: ‘Why not? ‘Answer: “It would make our finances look worse than those of Greece”. Ed: ‘Ah – of course, silly me – thanks.’)

Public sector borrowing is only ever sensible if it is for capital projects like roads, hospitals, railways etc., and then, only if future tax receipts take it into account – even this basic accounts stuff passed by Gordon Brown who criminally borrowed ever more and more without providing control systems to manage what was being spent and why.

The loan interest payments we paid in 2010 were £46 billion and will be worse in 2011.  (Same as the 2012 defence budget) … and, NO I’m not making it up!) See  here.

So then, let’s give another £9.2 billion to the IMF to help out the Euro-zone, i.e. Greece, Portugal, Spain, Ireland & now Italy shall we?

Yes great idea!

This of course is on top of the £12 billion already committed by our leaders last January.

Sounds like a good plan to me!

We can afford it!

Let’s put Gordon & Tony’s pensions up shall we? (Ed:- er, we already have – so would you like us to put them up again? <embarrassed laugh – Ed was not quite sure if I was joking or not …>) The current lot, Cameron and Osborne, are not even attempting to balance the books this year or next!

I am afraid to say that Great Britain (and many other “developed” (ho ho) countries) are in more or less the same “over- leveraged*” position; the USA, France, Spain, Portugal, Italy, Germany (yes, Germany – but they have a good chance of paying off their debt – or rather did have until Italy went bust last week…).

Don’t check up on public debt positions of countries other than China, Brazil and Arab oil producers if you want to sleep tonight.

Are we being run by idiots?

Yes we are!

The sound of gentle weeping can be heard from my study …

* “Over leveraged” = ‘bust as arseholes’ as a former insolvency accountant acquaintance used to say.