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Financial Alchemy by Ian R Thorpe.
For three decades it was alchemy. Banks and corporations pullede off the equivalent of turning lead to gold by turning liabilities to assets and then using those very dodgy assets to secure loans. It could not last of course, sooner or later someone was bound to work out how the illusion of turning debt to wealth was performed. Find out how here...

Financial Alchemy
by Ian R Thorpe.
2011-01-17
CREATIVE COMMONS: Attribute, non commercial, no derivs.
KEYWORDS: economics, economy, economists, politics, politicians, left, coalition, labour, conservative, banks, bankers, corporate, business, interest, debt, credit, crash, crisis

The phrase "credit crunch" ought to be self-explanatory, "Credit crash" however conjures a yet more graphic illustration of the state of affairs in the global economy. What should concern us given there is a mountain of evidence to back up these phrases is that there is so little political will to understand quite what went wrong in the global markets over the years leading up to an off-the-Richter-scale moneyquake that has since 2008 redefined the state of western society. The democratic world became addicted to the notion that the creation of debt – any old debt, not just, or even, boring, sound investment – was the creation of wealth. While we ordinary punters have gone cold turkey, paying down credit card balances, cutting back on spending, turning down the heating thermostat and wearing an extra sweater, governments are still hooked on spending money they do not have. The Obama administration is leading the world's biggest economy to ruin. The UK's governing coalition is at it with their student loans policy, merrily lending money to individuals, instead of investing it in the institutions that educate them, because in the future – the government hope – the Treasury will get their money back with interest. The problem the government have with student loans for Higher Education is during thirteen years of Labour's mismanagement of everything Higher Education was made into a sacred cow. New Universities were opened left, right and centre and the numbers of places available on degree courses in soft subjects increased exponentially. Thus the UK now has lots of people with degrees in media studies, journalism or drama and dance earning a meagre living as burger flippers and shelf stackers while employers recruit plumbers, electricians, mechanics and carpenters from among recently arrived immigrants. This has little or nothing to do with reducing the deficit now. The institutions get their money all the same, even though the risk being taken in lending it for interest rather than investing it for future boffinry remains with the government. All the institutions have to do is attract lots of students, in a "competitive market", and charge them as much as they can get away with, up to that £9,000 a year. The only difference is instead of going directly to Universities the money goes to the students in the form of a loan. Getting a degree will be like getting a mortgage. Safe as houses. Safe as countries that thought houses were a safe investment, countries such as Ireland, the USA and our own. Ireland, supposedly the beneficiary of a "bail out" by its generous European neighbours, it is actually being allowed to borrow money that it will be expected to pay back with interest sometime. As the Irish government got into trouble because it could not afford to pay the interest on what it had already borrowed, what chance is there of the bail out loans being repaid. So the bail out of Ireland and the one that saved Greece from total economic collapse and the ones currently being arranged for Portugal and Spain are more fine investments for the future. The justification for this profligacy clearly resides in the fact that Irish default would leave European banks exposed to Irish debt to the tune of £650bn, the UK and Germany featuring large in the reckoning. Well worth putting that off until the upswing comes, and the bailed-out banks can be sold again, at a profit. The fabled upswing. The recovery that borrowing for investment (stimulus) was going to produce. Fortunately our government, having learned on assuming power that Britain was just a few weeks away from having the International Monetary Fund step in to prevent the collapse of our economy (as it had done at the end of Labour's two previous periods in government, is doing the opposite, and "reducing the deficit". Though the public spending cuts are causing much wailing and gnashing of teeth among supporters of the spendthrift left who always seem to labour under the misapprehension that when governments run short of money all they have to do is print some more, deficit reduction was unavoidable and urgent. Over and over again people who delude themselves they are intelligent repeat that the deficit was created by the bailing out of the banks. WRONG!. The money spent on bailing out the banks is part of the UK national debt, the money the government owes the people – somewhere around £350tn. The deficit is the gap between what the government is spending each year and what it is earning. This is currently nearly £110bn, money that has to be borrowed at interest each year unless it is made to go away through a mix of cuts and tax increases. The way governments raise this money is by selling bonds. Many people would prefer to shift the emphasis to increasing tax revenues, even though Britain boasts no fewer than 30 million taxpayers, all handing over more than half their income in direct or indirect tax already. Sure, tax avoidance is an issue, but one that is difficult to solve without the unlikely advent of global governance and the abolition of currency in favour of electronic transactions for even the smallest purchases. Think of the implications of that and anyone who lives in the real world will understand why it is not going to happen any time soon. A surprisingly large number of people believe there is a yet more simple solution. Money must be wrung out of the very wealthy, who have multiplied their wealth so much in the last 30 years, in some other way. One suggested solution that showed an infantile failure to understand money was to clamp down on offshore tax havens. Unfortunately offshore tax havens though they are often tiny islands are sovereign nations. Heads of greedy, spendthrift administrations in large powerful states cannot just go sending in troops to tell these tiny sovereign nations (or autonomous provinces in the case of Hong Kong) how to order their affairs. If they did it might turn out that other large powerful nations find it suits them very well to have a tax haven just off their coast. Another way to squeeze the rich that has been suggested is asset taxes. Much of the wealth the left complains 'the evil rich' are not paying tax on is money is tied up in assets – property, pieces of art, antiques, jewellery, classic cars, stocks and shares. It is surprising how little liquid cash rich people have. Now the deluded left might have no difficulty believing that every rich person is sitting in their castle or fortified manor house, musket across their knees, pistols at their side and the hilt of a duelling sabre in their hand, waiting to repel the Revenue Men in tricorn hats who could burst in at any moment to seize the sack of gold doubloons on which all rich people habitually sit of an evening. It is not so of course, though the left love to talk of fairness but cannot see how it is unfair to tax the notional value of assets that have been bought with money on which tax has already ben paid, assets that are not earning income and may just as easily depreciate in value as appreciate. Could governments relieve the wealthy of these assets, confiscate them to be sold so their cash value can be realised? Just think that through. The first few, or few hundred sequestrations might raise moderately good sums but once it was seen the market was glutted with expensive houses, fancy cars, antiques etc. there would be few sales and revenue from those would be far below expectations. Many of these assets, like the houses people saw soar in "value", in the bubble economy would turn out to be of less value once they were on the market in quantity. That's bubbles for you.So 'squeezing the rich' So how do we finance restarting the stricken economies of the west. All the chatter on the left about shutting down the tax havens, squeezing the rich and borrowing to invest is big talk, but sounds rather silly coming as it does from small, envious people. In his book Beyond the Crash, former Prime Minister Gordon Brown talks of the economic crisis becoming visible when the dancing stopped. The dancing hasn't stopped yet, though it has settled into more of a They Shoot Horses, Don't They? shuffle. There is plenty more "deleveraging" to be done in the big consumer economies, and the wealthy will be, as ever, last in the queue for pain. So how do we start to tackle the problems which in fact are getting bigger rather than smaller. It would help if people, particularly leaders would be a bit more political and less ideological. For 30 years, government in many western nations (the UK in particular) has fled from infrastructural investment, waiting patiently for the market to provide. But the market has not provided a decent transport infrastructure, for example. Now investment in our railways will be provided by the poor sods having to pay exorbitant prices to commute on the dirty, unreliable local trains that shuttle workers to and from the cities each day. About the only reason so many people use trains to get to and from work is the urban and arterial roads are gridlocked. For the future we should be aiming to make commuting a cheap and pleasant experience so people currently using their cars. Whatever one's position on climate change, oil is not going to get any cheaper as competition for supplies from the huge populations of India, China, Indonesia, South East Asia and the rest of the developing world increases so an infrastructure investment in useable public transport would benefit society in generally by making life less stressful and the business community by increasing productivity (contented workers work harder and take less time off for sickness.) In education, after three decades of waiting around for the promised market solutions, there will now be more waiting for more market solutions. Labour's plans for state funded schools to be run as businesses, competing to attract pupils in the way universities have to compete to attract students crashed and burned before it go off the ground. The Coalition's academies programme, like Labour's, is about rewarding ideologically compliant with more money. Thus under the Coalition's education regime targets and statistics would still count for more than the actual quality of the product being delivered. Coaching to test will continue take precedence over educating for life. Labour were always quick to remind us investment in education has been increasing for years. Recently the Programme for International Student Assessment revealed that Britain has slipped from fourth in science, seventh in reading and eighth in maths in 2000, to 15th in science, 25th in reading and 28th in maths. Britain is "stagnating" while other countries are improving. Surely Estonia is not spending more on education than Britain is? The left's naive belief that the more money spent on the education system the better the education is undermined by complaints from employers hiring school leavers and recently from University administrators that school leavers with excellent paper qualifications are in need of remedial education in basic numeracy, reading and writing. Where will money for all this much needed investment be found? Ireland, Portugal, Greece? Student loan recovery? The sale of banks whose assets consist of overpriced homes and the mortgage payments they can wring from their deeply indebted owner-tenants, as long as they can stave off a price collapse. The economies of the west have run for decades on a kind of alchemy, not turning lead into gold but turning liabilities into assets. The culprits are not the general population who were encouraged to abandon prudence and caution in favour of being part of a global economy based on perpetual growth in a world of finite resources through the inifinite inflation of asset values, not with the banks because they were handed an opportunity by the economic alchemists, but government, big, centralising governments. It was madness, hubris. And as always hubris, contempt of the gods, leads to the most spectacular crash. Ask Icarus if you do not believe me. RELATED POSTS:

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American Attempts To Demonise Russia Look More Pathetic Than Desperate
In spite of all the screeching from Hillary Clinton's campaign team, the bombast of the Obama administration and they hysteria in mainstream media it should be obvious even to a prepubescent kid whose computing skills are limited to playing games on an android tablet that the hacking of the Democrat's campaign servers, Obama's private email address and the State Department is an inside job.

Ideologue Obama Declares War On Ideologies
When the idealists of the left have top resort to suppressing the free press and free speech because they are losing the argument it is time to forget all the empty talk of hope and change, look at the track record of war and destruction and recognise these so called liberals for what they are, authorotarian tyrants.

Rotherham Council Helped Asian Grooming Suspects Win Lifelong Anonymity

Rotherham Council has allowed the names of four Asian men suspected of sexually exploiting a white teenager to remain secret by dropping a legal challenge to keep them away from her, it has emerged. The vulnerable girl, who is white and from South Yorkshire, was found in a hotel room with one of the men in August, surrounded by cannabis, alcohol, condoms, and female Asian clothing ...

Muslim Rape Gang Victim Talks: Girls Still Targeted Because Police Refuse to Act

Muslim men who groomed and violently abused young girls in a quiet English town have been left to carry on raping girls, despite being named to the police, one of their victims has revealed in an interview. Kaitlyn (not her real name) suffered years of abuse at the hands of hundreds of men in her home town, and in locations across the UK. Yet despite handing a list of more than 80 names to the police for investigation, her attackers are still working as taxi drivers, businessmen, and even on the local council.

America Is Lost: Rigged election, Rigged Media, Rigged Candidate says Assange To paraphrase Mark Twain, reports of Julian Assange's death were greatly exaggerated. After his web feed was cut by staff at the Ecuadorian Embassy earlier this week Assange's usual stream of tweets, leaks and posts was stilled. The web, being the web, went mad with conspiracy theories but Wikileaks themselves did not comment on the wilder speculation. Well Julian is back on Hillary's case, and this time it's more personal than ever.

The Real Humanitarian Crisis Is Not Confined To Syria
So the 'humanitarian crisis' as US politicians choose to call it when demonising Russia and claiming the war could be ended in a week if the Russians would only stop bombing civilians, is not a crisis of Russia and Syria's making and could be ended in a week if the USA and it's allies would simply stop supplying ISIS and Al Nusra Front terrorists with arms and ammunition.

FBI Leaks Expose Elusive "Shadow Government" Protecting Hillary In National Security Investigation
Big Foot, The Yeti and The Loch Ness monster continue to elude us but the existence of one creature previously though to be a modern myth has been confirmed when official records of its existence were revealed in documents relating to the FBI investigation into the case of former Secretary Of State Hillary Clinton's negligent handling of highly sensitive classified government material on a private server.

Help! Immigrants have taken over our town, pleads German Mayor
The mayor of ski resort Garmisch-Partenkirchen, in Bravaria, has sent a plea for help to the regional government begging for help in tackling the problem of crime among refugees. Police officers say "blacks are in charge of the town." The letter, intended to serve as a warning to authorities in Germany's immigrant hot spots, has been sent by Mayor Sigrid Meierhofer on Sunday, according to Merkur newspaper

Out Of Touch Elites Are Clueless About The Anger Of The Masses Towards Them
The fact is the ruling elites have failed catastrophically over the past fifty years, their economic models have proved hopelessly unrealistic and had created a global economy based on ever increasing government debt. The debts have become unsustainable, governments and organisations, (i.e. government agencies, NGOs and for profit businesses) are now borrowing money in order to be able to service their existing debts.

Quitaly? Will Italy follow Britain out of the EU?
With a referendum in Italy, ostensibly on constitutional reforms but perceived as a referendum on the leadership of the ruling elite, looming in November and the anti - globalisation, pro sovereignty Five Star Party growing in popularity all the time. Should the constitutional changes be voted down, and the against campaign is showing a comfortable lead in opinion polls at the moment, it will put a Quitaly in-out referendum, similar to the so called Brexit vote that kick off the process of Britain leaving the European Union, at the top of the agenda.

Pussy Grabber versus Lying, Money Grubbing Traitor For US President?
Yesterday, too late for this British based blog to pick up, Wikileaks released by far the most devastating leak of the campaign. In any other democratic nation this would be game over. This act of treason this betrayal of three hundred million people, is in complete violation of US electoral law and makes Trump’s dirty talk video, that US liberals have been in hysterics about, look like an episode of The Teletubbies.

Lead Developer Of HPV Vaccines Comes Clean, Warns Parents & Young Girls It’s All A Giant Deadly Scam
Dr. Diane Harper was a leading expert responsible for the safety and effectiveness studies of the human papilloma virus (HPV) vaccines, Gardasilâ„¢ and Cervarixâ„¢. Dr. Harper also authored many scholarly papers about the vaccines. She is now the latest in a long string of experts who are pressing the red alert button on the consequences and irrelevancy of these vaccines.

Useful Infidels Helping Fundamentalists Islamise The West
A left wing academic whose research was used to make the case for an investigation into Sharia courts in the UK has warned that liberals and 'progressives' are enabling fundamentalists to spead extremistS Islam in the West. Dutch legal scholar Machteld Zee said that if politically correct thinking stifles fair criticism of Islam, helping fundamentalist Muslims segregate Islamic communities and encourage them to be more religious and insular.

Latest Clinton Foundation Hack Shows Abuse Of Power For Personal Gain
Julian Asange was not bluffing it seems, although he appeared to back off from dropping the promised bpmbshell that would finish Hillary Clinton, a document dump by Goccifer2 containst stuff that is dynamite, revealing email exchanges betwen Clinton and associates that discuss the abuse of power and position for financial gain, in short giving preferential treatment in warding State Deprtment contracts to people and organisations that made generous donations tio the Clinton Foundation ...

USA Backs Down In Syria As Putin Stands His Ground
Following the news earlier in the week that Russia had deployed it's highly advanced S300 and S400 (Growler) air defence systems to Syria in response to repeated US attacks on positions held by the Syrian government of President Assad, yesterday’s Russian warning that US aircraft or missiles attacking Syria would be shot down has forced The White House to concede that all plans for military action against the government of Syria have been dropped.

China Mocks "Chaotic" US Presidential Race
With the scandals erupting around both presidential candidates on a daily basis and the rest of the world stunned at ongoing degeneration into chaos of the US political system, one country has decided the time has come to take a direct stab at what it dubs America's "arrogant democracy" and "flawed politics"- China.

Hacker Dumps Thousands Of Emails From Close Clinton Insider, Reveals Hillary's New Email Address
The data dump of Clinton emails and digital documents by Guccifer 2.0 we reported yesterday has so far proved something of a disappointment. Today however, another whistleblower site, DCLeaks, the group responsible for the massive Soros Foundation hack recently, has just released thousands of emails taken from the personal account of Capricia Marshall, a long-time Clinton associate who worked for Hillary at the State Department.

UN Peace Council: The Syria conflict is a proxy invasion by the United States
This blog and our other publications have been saying ever since the 'Arab Spring' was stirred up by a stupid, demogogical speech made in Cairo by Obama, that the US aim was a proxy war with Russia and Iran in the middle east. Look what happened since then. Secular Muslim leaders in Egypt and Libya were overthrown by US led regime change campaigns ...

US prepared ‘to fight’ in Russia, China missile defense zones – Pentagon
Admiral John Richardson, addressing the US Naval Institute – CSIS Maritime Security Dialogue reportedly said "The US Navy is seemingly ready to conduct operations in areas regarded as no-go missile areas". Such defense missile zones can be found at Russia’s and China’s coastlines.

Greenteeth Back Index 31 - more from our Greenteeth and Daily Stirrer domains

Obama Administration Considering Air Strikes On Assad Regime Even Though It Could Lead To War With Russia And China
The U.S. Army‘s chief of staff on Tuesday issued a stern warning to potential threats such as Russia and vowed the service will defeat any foe in ground combat. “The strategic resolve of our nation, the United States, is being challenged and our alliances tested in ways that we haven’t faced in many, many decades,” Army Chief of Staff Gen. Mark Milley told an audience at the Association of the United States Army’s annual meeting in Washington, D.C.

Syrian-born journalist slams MSM for Aleppo bias
Syrian-born journalist Harout Ekmanian has slammed the New York Daily News and the UK's Independent newspaper for showing bias in attacking forces of the Assad government of shelling rebel held areas, but not menioning that Barack Obama's beloved 'moderate rebels' have been shelling residential areas controlled by government forces.

Only Whites Can Be Racist? Google Rewrites Dictionary As Well As History
if we look at the Huffington Post article that 'establishes beyond reasonable doubt' it is not possible to be racist to a white person, we find the "credible" sources quoted in defense of their controversial conclusion on reverse racism is actually one black supremacist, the auteur of the 2014 film, "Dear White People." The racist hatred of whites portrayed in the film is palpable.

Muslim Man Says He Had ‘No Choice’ But to Kill Sister Who Married a Christian

A Pakistani man who executed his sister with a bullet to the head because she married a Christian man said he had “no choice” but to kill her because of her shameful act that brought dishonor on her family.

Sex Crimes Soar as Munich Oktoberfest Attendance Plummets
The Munich Oktoberfest world’s biggest beer festival held every year in the main city of Bravaria, Germany has seen attendances drop to the lowest level for 15 years. Organisers believe the fall is because of heightented security and a fears of a repeat of the Muslim Rapefest that happened in Cologne at the New Year festivities. Even with the heightened security and lower attendance, police reported an increase in sex crimes.

They, Your Husband's Victims That Is, Have Names, Hillary
"Donald, she has a name," Hillary Clinton taunted during the first presidential debate of 2016. "Her name is Alicia Machado. And she has become a U.S. citizen and you can bet she is going to vote this November." Trump missed an open goal. He could have replied, "Hillary, they have many names, including Juanita Broaddrick, Gennifer Flowers, Paula Jones, Kathleen Willey, Eileen Wellstone, Sally Perdue, Elizabeth Gracen, Carolyn Moffet, Monica Lewinsky, and others too numerous to list.

As Syrian Forces, Backed By Russian Airstrikes, Advance On Aleppo, Obama's Foreign Policy Catastrophe Looks Complete
The Syrian military backed by Iranian ground forces and Russian air support is closing in on rebel held parts of Aleppo, the last ISIS stronghold in the heavily populated part of Syria. As Barack Obama’s Presidency nears its close, the self styled peacemaker and joybringer is looking at the liklihood of adding to his legacy another foreign policy disaster, another war lost and another failed state created.

Surprise Cancellation Of Big Announcement By Wikileaks
Wikileaks today cancelled an anticipated announcement scheduled for Tuesday. The announcement had been expected to be founder Julian Assange’s long-promised document dump on Hillary Clinton. Although few hints as to what the announcement might be about NBC reported that the Tuesday event, which media organisations had been advised was to come from the balcony of London’s Ecuadorian Embassy, where Assange took refuge several years ago

African Immigrant Arrested After Vandalizing Churches in Rome
Italian News Reports tell us that police in Rome have arrested an African immigrant after the man went on a crime spree, vandalising four churches in Rome, demolishing statues and knocking over candlesticks and reliquaries. The 39-year-old immigrant from Ghana began his campaign of wanton destruction on Friday evening ...

FUKUS Axis Abandon Diplomacy In Push For War With Russia
The FUKUS axis (France, the United Kingdom and the USA, regular readers may recall) were never truly interested in a diplomatic solution for the conflict in Syria. Why would they be? As this blog and our companions Boggart Abroad and The Daily Stirrer have reported many times, it is proven beyond reasonable doubt that the main terrorist group, ISIS was a product of US attempts to manipulate middle eastern politics ...

Situation In Syria Is Now Beyond Critical
You would have to have been living on another planet to fail to have noticed that while we have been away, the situation in Syria has deteriorated swiftly after the breakdown of a ceasefire agreed by the USA and Russia which lasted barely a week. All sides involved in the conflict blamed each other for breaking the ceasefire from day one but it was clear all bets were off when U.S. forces bombed Syrian government forces, killing at least 62

Migrants Consider Quitting Violent Sweden To Return To War-Zone Homelands For Safety
The Swedish ruling elite's politically correct obsession with immigrants has turned parts of this once peaceful, civilised and safe country into a lawless hell hole and borderline failed state. Perhaps the clearest indication of how bad things are in Sweden now is the news that Sweden is now so dystopian even migrants from some of the most violent and chaotic areas of Africa and the middle east want to return to their homelands

US-EU Trade Talks "De Facto Dead" Says German Trade Minister

President Obama was hoping to get two trade agreements to bolster his legacy in the waning days of his administration. Earlier this week however, the German Economy Minister stated the were 'de facto dead'. The US-Asia TPP talks have been dead as a doornob for some time although Obama is playing out a charade of having Congress vote on the draft, even though it will not be ratified by any important players around the Pacific Rim.

Is it possible to eradicate all diseases?
Facebook founder Mark Zuckerberg and his wife have dreamed up this great money making scheme. They have announced they will try to eradicate all diseases by the end of the century. It follows down the same path of greed and self interest previously trodden by Bill and Melinda Gates and their Gates Foundation which has been so sucessful in its efforts to eradicate disease and poverty that it now gets $2 from governments and the United Nations for every $1 it spends ...

Is World War Three Really Kicking Off This Time?
The airstrikes by a US led coalition that killed many Syrian soldiers fighting for the legitimate government of Bashar al Assad against the terrorist forces of ISIS has raised the level of hostile rhetoric between the USA / NATO coalition and the Russia / China / Iran alliance. The likelihood of war seemed to have receded through the summer, after it seemed possible early this year, that one stray shell or bullet could spread the war beyond the middle east.

Obama Promises UN His Legacy Will Be Global Authitarian Dictatorship
In what will be his final appearance before the United Nations, Barack Hussein Obama warned assembled national leaders they would have to be prepared to surrender sovereignty to the unelected technocrats of the globalist bureaucracy if they wanted security.Is he deluded of effing what? Nations that desire secuirity at this time need to suck up to Russia and China if they can't stand up to American globalist Imperialism alone.

Russia Accuses USA & NATO Of Defending ISIS
A Russian Government Foreign Affairs spokesman commenting on the US led airstrike 0n 17 September in Syria that killed dozens of Syrian Government troops engaged in fighting ISIS “After today’s attack on the Syrian army, we come to the terrible conclusion that the White House is defending ISIS”.

What Is A Globalist? - Globalim Explained
If you have been following political trends you will probably be bored with the words "globalist" and "globalism" which tend to be bandied about a lot. In fact the advocates of globalism far from being the social justice warriors of their imagination, are avid supporters of the establishment, centralisation of authority, the abolition of free speech, social engineering and all the socio - economic policies well - read people associate with fascism rather than liberalism.

Fact Checker Snopes Lie About Obama ‘Birther’ Smear.
Yesterday US Presidential candidate Donald Trump said that President Barack Obama was born in the U.S., and by doing so he “finished a birther controversy” which he said was started by Hillary Clinton in 2008. “Hillary Clinton and her campaign of 2008 started the birther controversy. I finished it, I finished it. You know what I mean," he told a campaign event audience.

US woman arrested for selling a dead body in a freezer at yard sale Marcella Jean Lee, 56, was recently arrested in North Carolina after her mother’s dead body was found in a freezer she sold at a yard sale. Lee was charged on Thursday (15 September) with concealing a body and failure to report a death ... (You just ca'nt make up stuff like this)

Now YouTube are censoring videos critical of the establishment.
A few days ago, after examining evidence offered by certain bloggers who defend net neutrality we reported that allegations against Google of blocking access to sites that criticise Hillary Clinton's presidential election campaign or raise questions bout the candidate's very obvious health problems is is pretty irrevocable. Since then a reader mailed us an item on how YouTube are censoring videos whose content is critical of government ...

MPs attack Cameron over Libya 'collapse'
Not before time Britain's politicians are asking for justification of our role in the bombing campaign againsyt the regime of colonel Gadaffi in Libya, which since 2011 has led to that country, at the time the most prosperous and advanced nation in Africa, becoming a chaotic failed state with three different groups all claiming to be the legitimate government.

Lawless Immigrant Chaos Accounts for Quarter of Swedish Police Resources
Police officials in Värmland, Sweden have revealed 25 per cent of their time and resources are consumed by dealing with the lawlessness of illegal immigrants, as the Swedish government yesterday announced a further two billion Swedish Krona for policing to 2020. Chief Superintendent Lars Serenander estimates that around a quarter of police time is spent dealing with issues related to migrants ...

‘Opportunities are ENORMOUS’ Liam Fox launches trade talks with India, China and Singapore
We told you Brexit would be good for Britain. It will surprise many people to learn that we as a nation had no trade deals with former comonies India, Singapore and Malasia, or with the vast market that is China, but since those teasonous bastards in Westminster sold out much of our national sovereignty to the unelected bureaucrats of Brussels we have not had trade deals with commonwealth nations.

Obama-Duterte Blow Up: What the Corporate Media Doesn’t Get
The recent bad blood between US President Barack Obama and Philippines President Rodrigo Duterte is based on hostilities far more profoundthan could be caused by a simple clash of personalities.

Hillary's Facebook Attempt To Connect With Voters Misses Target Again
The biggest advantage Donald Trump has in the US Presidential race is that his opponent Hillary Clinton not only has a terrible reputation for being involved in dodgy dealings is but is a cold, unlikeable person who is seen as selfish, egotistical, petulant and inclined to gloat in moments of triumph. In an attempt to redress some of the harm this impression is doing to her campaign, Hillary has taken to Facebook

Negative Interest Rates & The War On Cash, Part 3: "Beware The Promoters"
Bitcoin and other electronic platforms have paved the way psychologically for a shift away from cash, although they have done so by emphasising decentralisation and anonymity rather than the much greater central control which would be inherent in a mainstream electronic currency. Despite the loss of privacy, electronic currency is much favoured by techno-optimists, but not so much by those concerned about the risks of absolute structural dependency on technological complexity.

Shock, Horror! Millennials Safe Space Violated As Facebook Algo Accident Exposes Them To Diverse Ideas Late last month (August 2016,) the Zuckerbugger's zoons put an algorithm in charge of the Facebook “trending” feature, to select the most popular topics, articles and keywords on the web in a narrow timeframe and with due respect for the 'safe space' of millenials who can be traumatised if they encounter microaggrrrrressions in the form of controversial ideas or unorthodox opinions ...

Google, Facebook, Amazon: algorithms will soon rule our lives so we'd better understand how they work
One of the most interesting announcements in last week's Budget – well, for me at least, as someone who has no savings and doesn’t play bingo or drink much – was the new Alan Turing Institute: £220 million of government support will be invested into "big data and algorithm" research.

G20 Leaders Dismiss Obama As An “Irrelevant Child” At Beijing Summit
China set the tone when airport officials refused to let Barack Obama's handlers flout Chises law so the US President's arrival in Beijing for the G20 Summit to be trurned into a stahe managed celebration of The Obamessiah;s greatness. This is our airport, this is our country", a Chinese official yelled as Obama's entourage attempted to usher The White House press corps into an area that was clearly marked out of bounds.

Underage Migrant Gang Sexually Assault German Women On City Street
In a worrying echo of antisocial behaviour by Muslim immigrants at Swedish music festivals throughout the summer it has been reported that five women were sexually assaulted by a gang of young Muslim asylum seekers in Germany. Police say the migrants threatened to beat the women with beer and champagne bottles ...

TTIP - This so -called free trade deal is a full-frontal assault on democracy
The purpose of the Transatlantic Trade and Investment Partnership (TTIP) is not so much as to remove tariffs and other protectionist devices as to remove the regulatory differences between the US and European nations. And that is quite significant for us as British and E.U. comsuper protection, fair trade, environment and employment laws have always tried to strike a balance between the interests of consumers, workers and business.

If This Does Not Disqualify Hillary For The Presidency, It's Hard To Know What Will
Even the conservative Wall Street Journal is waking up to the massive deception that is being perpetrated on voters by the American political establishment, media and judiciary. Unfortunately the around half or the voters seem to be willingly complicit in this deception. In fact the USA collectively appears capable of a level of cognitive dissonance on an unprecedented scale in relation to the crimes and corrupt practices of Hillary Clinton ...

Smart Phones Will Not Make Banking Safer
Yet the war on cash goes on. The latest move is to encourage people to use their smartphone to do their online banking. My first reaction on reading this was, "They're having a laugh aren't they?" laptops and tablets are ridiculously easy to hijack, smartphones don't even need to be hacked, like tired old slappers whose sexual allure has gone south, but who still crave attention, they will offer themselves without needing to be asked.

Hillary Clinton's Oh Shit Moment. How The Candidate Wiped Her Server With BleachBit Despite Subpoena

In the USA ignoring a subpoena can have similar consequences. But increasingly throught the developed world we are finding the law does not apply to everybody equally. The story of how Hillary's "personal" emails came to be deleted using, the now infamous, BleachBit, even after a subpoema had been issued requiring the Democratic Party candidate to hand over certain documents relating to her time as Secretary of State is quite the tale.

Top Academic: Muslims Would Not Tolerate Multiculturalism in Islamic Countries
Leading Iranian academic Afshin Ellian has warned that cultural Marxist delusions of “multiculturalism” are a one-way street as left wing activist in the secular Christian nations of the west clamour for appeasement of Islamic extremists. Muslims in Europe oppress historic minorities in their own lands and have no intention of showing “tolerance”

Can Americans Overthrow The Evil That Rules Them?
The anti - establishment, anti - globalisation mood that manifested itself in the Brexit vote is sweeping across Europe, the cosy government - corporate cartel is desperately trying to control the narrative, but against the combined strength of millions of new media commentators all challenging the official; narrative, the dark forces of globalism are on the back foot.

Swedish Commentator: Migrants Enforcing Sharia Law, Bill Clinton ‘Evil’ For Wishing Same On U.S. Swedish writer and news commentator Ingrid Kristina Carlqvist, speaking on an internet radio station, said that Islamists and migrants "have already succeeded in introducing Sharia law to Sweden". Speaking to Breitbart London Editor-in-Chief Raheem Kassam, she explained that, because Swedish girls are becoming afraid to go to certain places where there have been rapes and attacks, key tenets of Islamic law are effectively being enforced.

The Difference In Voting For Hillbillary or Trump Is Only One Promises War With Russia
Essential reading for our american readers who must soon decide who they want as their next president. Important too for non Americans who cannot influence the outcome of the election but are entitled to know why their arses might be blown from here to eternity sometime in the next few years.

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