Apr 12

The chart below shows per head UK GDP is static and below 2008. Add in that income is more unequally divided and asset prices artificially boosted and the economy running with Zero interest rates [ZIRP] it’s a grim picture.

GDP

The recovery is non existent and worse after 5 years many signs of a future recession. Some people may feel good. House prices and stocks may be on the rise but so is the debt to support that and yet the economy per person is static.

If you still want to vote Tory on the back of economic competence you’re an idiot. Why Labour continue to piss around with the Squeezed Middle and Cost of Living Crisis instead of you’re poorer and worse the money is being handed over hand over fist to the rich shows who they really represent, the same people as the Tories.

Time to get real.

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Apr 09

UKIP may be beneath the surface a load of Climate Change denying twats but they will continue to sound more relevant to people who might openly decry them because they do not have baggage. Their policies may be at odds with science and sense but they are still more logical than a series of half understood dictated maxims that the other 3 Neo-Liberal US owned parties spout.

Farage and co do not have to pick up NATO’s line on Ukraine. Indeed Hague sounded like a moron as he said Russia was destabilising East Ukraine after the Americans alone had spent $2 Bn destabilising the whole of it, by their own admission never mind what freshly printed they actually spent – Ron Paul claims $5 Bn. Never mind what our soiled booth dwellers at GCHQ got up to. Farage will be able to question the share of aid we give a country who will not be able to pay its fuel bills this winter and will not have them written off. Farage will be able to question why the next Ukrainian President approved by the West is worth Bns. Farage will be able to laud it over them when pogroms start etc

UKIP also is not stuck talking gobbledygook economics handed down by morons at Bilderberg and Davos. Economics that makes no sense plied 3rd hand by Balls and Osborne whatever its originations – Cable knows it makes no sense but is muted in criticising it.

I come not to praise UKIP but merely to suggest their burial will be hard for the main parties if they continue with such a poorly dictated script.

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Apr 04

Vince Cable’s department’s sell off in one go of the Royal Mail amounts to idiocy. If you want to establish a price for something do what others do and sell only a part of it. Then once price is established sell. The idea that allowing citizens to get a few hundred shares to sell somehow is a goal is arrant nonsense just get the best price. The years of individuals holding shares are gone.

As with £100Bn+PFI in light of no apology I can only assume corruption.

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Mar 27

Someone asked why Clegg would do it? (debate with UKIP) Well Clegg is an toff but not as venal as Cameron or demented and power hungry as Miliband. However the better reason is he had nothing to lose and he could outflank Labour among the self described intellectual middle classes by being openly pro EU pro Immigrant*. Just as Farage can outflank Cameron in the fear of the furrin stakes.

* I am pro common market pro immigrant BTW i.e. fuck the EU but not as much as all that.

Labour and Tory cannot engage with UKIP as their policies make no sense and they would be reduced to labeling and ad hominem attacks. Like the Tories with varying degrees of emphasis Labour feels it has to appear pro Europe for its corporate backers, antagonistic to Europe for its potential voters, anti racist but against immigrants! Alleged future Labour leader Rachel Reeves ranted at Immigrants on Question Time and just sounded like a nutter. This is why the main 2 will not debate Farage. They have nothing coherent to say on these issues.

Nick Clegg is a vacuum. He believes in nothing and has nothing to say for himself. Farage at least gives the impression he believes a word he says but his message is one whose merits are impossible to judge and of course he is a one man band disowning candidates and his own manifesto dependent on the time of day. UKIP and Lib Dems had a symbiotic relationship here. On the main issues of UKIP they are attacking from opposing flanks – such is the dimension of Westminster left to right now about the difference between Buda and Pest.

Make no mistake in my lifetime no two parties have been as close on policy as Labour and Tory but they dare not explain this or their Plutocratic policies. That their supporters argue so viciously and with such trolling effect shows their [supporters] stupidity.

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Mar 23

Workers declining share of wealth and productivity gains has been hidden by rubbish inflation numbers and massive expansion of credit and housing bubbles for over 30 years. This has combined with greater financialisation and the voracious appetite of those who take no risks – known as bankers mostly but large corporates too. 2008 has actually accelerated the trends without altering one thing indeed greater and greater percentages of wealth are controlled by a small elite who make risk free gambles and get to load the debt on the populace through their politicians. Continue reading »

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Feb 03

4 years seems the correct time for me to blog regularly then run out of steam. At least with this blog it’s not been tiring of the subject but more that repeated slating of the next Bank Fraud etc would serve no purpose. I started out thinking I understood some stuff but it really has been a case of the more I know the less precise and dogmatic I can be. Anyway a list of some themes with a quick comment.

Economics I have had to accept that all this QE etc is whilst I believe aiding the creation of an ugly undemocratic state and a massive transfer of wealth to the wealthy is not as mad as first thought. You might want to raise rates still and all but start again with hard money but would you really pop all the bubbles if you were in charge and how long if you did before someone shot you?

Politics is a nasty polar exercise between 2 parties in the US/UK who are only selling or monetizing the state’s wealth and liberating debt from the wealthy to the citizens. 2 Parties in Labour or Conservative and Democrat or Republican which despite wildly opposed membership can find agreement on Authoritarianism, Surveillance, War, Torture, Austerity, Rendition etc. They differ purely on the speed of what the sickos call ‘reform’ and how quickly the Work Camps get opened.

Libertarians and Austrians. People who believe in a ‘natural’ state of affairs that never existed. Mad ideas mainly from men to establish the enslavement of women and the poor.

Immigration a brilliant idea for the UK and Australia and many other countries rejected on the grounds of weak politicians and grim newspapers in search of readers.

Newspapers useful wrappers for Fish and Chips in the old days but their time has passed as better materials have been found for wrapping the best fast food ever. They have no other uses bar propaganda sheets for Billionaires.

Gold Buggery I own some but if it never goes up you won’t find me making tedious conspiracy theories. Yes markets are rigged but no one is going back to Gold backed money. No one.

Climate Change is still happening.

Anyway my list of MPs I have an ounce of respect for is short but will leave you with it Andrew Tyrie, Rory Stewart, Zac Goldsmith, Stella Creasy… ummhh maybe Clarke and Cable but ugh they do draw a ministerial salary under this Govt.

Anyway I envisage this blog staying up a few months and maybe the odd update but good bye.

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Feb 01

Apparently the latest Bank fraud practised by RBS and Lloyds the Govt run banks owned in our name to get hold of assets inflated by QE and ZIRP is the Enterprise Funding Guarantee scheme. You can read the specifics in The Times but essentially more subsidy to banks to impoverish and kill SMEs (small medium enterprises).

Now people will say that Govt’s hand in these banks is not policy but my only point would be if it is not policy to destroy small businessmen could they come up with policies to better ensure it? To cement large corporations and banks control over assets and people’s lives? If they tried could they do any better this side of a police state?

I do wonder if even the banks know how an economy can work with inflated land prices, zombie businesses, zero investment and no production? What is a cash mountain worth when no one can earn to pay for goods? At that point work houses and concentrated work camps for immigrants the only way to go?

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Jan 27

The only ones who agree with the policies of Osborne is his good friend Balls and his Lab rats – no doubt handed to them both at Bilderberg and Davos. It’s child like to react to Lab/Con agenda setting when the main thrust is the lunacy of Austerity and Trickle down still whether Balls suggests 45% or 55% never mind 50%.

To defend the workers needs more than petty divisions over the triviality of 5% for those on over a 150 grand a year.

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Jan 17

Are Labour a case of we really mean it this time as they throw ideas that contradict their last Govt? i.e. smaller banks from the Party that insisted Lloyds destroy itself by buying criminal organisation HBOS? Seriously were Brown’s gimps [Ed n Ed] unaware when this was happening?

Regardless now Miliband is the Chief Lab Rat. King Rat will in my opinion enact much of what he says. However its actions like the 45 minute claim will be specious and not what most people will assume he means. Indeed it shows Labour’s real progress that all they can do is trumpet the minimum wage which we now are reminded was 15 years ago and the reasons Vince Cable was not able to vote for it – stroke of a pen legislation.

A raft of regional development agencies with no admission how ineffective and corrupt these have been in the past. There is the nub of my view of Labour until they admit their past ineffectiveness and mistakes properly, not least to themselves, then anything they say can surely be discounted as bore [sic] of the same.

Labour’s last Govt handed Bns to A4E, AtoS [ers], BAE, Financiers, Banks, Accenture, Capita, Foreign Arms Buyers, BP, Serco, PFI funders and lots of others memory fails me. This is not business friendly and it’s certainly not friendly to those suffering bedroom taxes and reduced care to pay for it.

Labour should commit to remove the corruption and graft it built into the system. It isn’t and won’t.

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Jan 14

I chimed in on a guy who wrote a piece in City A.M. that Govt should not raise the minimum wage as this was

  1. against natural laws of free markets
  2. would cause  business to replace Labour with capital

This I said was Zombie economics and actually if true would encourage investment and progress by raising the min wage. His argument was that of the Flat Earth Society. the response was that it was not for Govt to interfere in the Natural world. I said this was dogma. He scoffed that free markets were always called Dogma effectively straw-manning my argument as against free markets. The point is we don’t live in a world of free markets and if they are so natural how come they have almost never existed. Processed Breakfast cereal claims to be natural and it is not.

Thus he is prescribing a solution from a world that does not exist. Why should Govt prescribe a minimum wage? Simply because to not do so would be to create subsidy and bureaucracy. By making the minimum wage a living wage we can save on welfare and crucially working out what welfare is for people on crap like zero hours contracts and low wages every week. The only way to a free market is to remove Welfare and create a Victorian world of de facto slavery?

I know this is to an extent a straw man of their position and they do object but I do find it rich they have apoplexy at the trivial difference a higher minimum wage will cause. Yet stay mostly silent on the big corporations who welcome low wages and Govt subsidy like Tesco to bury small often family 24/7 stores with free Labour that adds nothing to GDP – as they did with Workfare. The idea that full employment on poverty wages doing often tedious menial work will lift a society maybe what George Osborne and the dogmatic claim to believe but it’s simply not true.

Make no mistake a low wage with no limits helps big Capital freeze a Zombie world of low investment, skill-less jobs and wages. It is in effect a call for Luddism. For all their pious claims to otherwise Free Marketeers mostly speak in support of Big Corps and not in reality the dynamic Capitalism they claim to believe in.

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