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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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Benefits ReviewOne of the proposals put forward by the coalition for reducing the public sector deficit is reform of the benefit system. Predicatably tis sent the hand-wringers, bleeding hearts and human rights screamers of the 'progressive left' into paroxysms of hysteria. People would be starving the the streets, they wailed, malnourished children would queue for a handful of rice. They wished. Actually the coalitions proposals look quite reasonable. Businessmen Brick Up His Bank's Doorway In ProtestThe stupidly expensive bail out of banks by Gordon Brown's government was supposed to enable the bankers to kick start the economy by giving them the liquidity and freedom from their toxic debt trading misadventures neded to enable lending to small businesses to re-commence. The economy remains stagnant however because the bankers simply trousered all the bail out cash or used it to Defending KeynesThe name of a great Englishman, John Maynard Keyes, is being trashed by that jug eared steak of piss and racist hater of all things British Barack Obama in attempts to give the failing Obama administration's loonytoons economics a veneer of sanity. Keynes recommended governments should use publc spending to sustain their economy during periods of recession. He did not say, as Obama's supporters claim he did, that nations already way past the point of bankruptcy should continue with reckless poublic spending projects. When The Cutting BeginsAs the coalition settles into its new job and the words of former chief treasury secretary Liam Byrne, 'There is no money left' reverbrate how will the new team set about reducing the deficit and mountian of debt, creating jobs and sorting out the financial mess left by Labour? The Real Unemployment FigureNew unemployment figures released yesterday show unemployment fell by 0.1% in the three months December to FebruarY. Contained in the figures was a statistic that undermines government talk of an economic upturn. This is the number of people in work. Headline unemployment has fallen the number of people in work has also fallen. What's going on? Bond Villain Targets Britain's Future by John De Roe.Bill Gross, the world's biggest bond investor might have voted for Obama hnd has some sympathy for Labour because they talk of creating jobs, but he thinks the British economy is in worse shape than anyone is going to admit and is quite willing to take advantage of our vulnerability." The Dollar Is Sinking - Man The LifeboatsAs The Daily Stirrer predicted recently the position of the $US is under attack. Last week a sustained slide in the value of the currency was halted by the smaller Pacific Tiger economies, Singapore, Malaysia, Hong Kong buying up Dollars that were flooding the markets. So whay is going on and how will it end? The Economy Of The Living DeadThough governments talk about recovery we are stuck in the economy of the livind dead, the global financial system as become a zombie. Is there any way out? Feeling Let Down By HopeBarack Obama won a Nobel Peace Prize for promising the wold hope even though he shows no sign of delivering. Let down by hope? Why not embrace nihilistic despair? Or alternatively take responsibility for your own life and spit in the face of adversity. Live like a wimp or die like a warrior, the choice is yours. QE Quantitative Easing,...it's the new financial crisis television panel gamehisted by Stephen Fry. A bit like QI but funnier...

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Lifelong Feminist Carmen Paglia Slams Hypocrite Hillary Clinton And Her 'Liberal' Supporters
As strong evidence emerges that the New York Democratic Primary election between Hillary Clinton and Bernie Sanders was rigged by the Democratic Party Nominations Committee in favour of their preferred candidate Clinton, America's hectoring on other nations on democracy are making it a laughing stock around the world.

Green Energy Poverty Week As the climate science research grant phishers, brainwashed socialist idiots, tree hugging, rope sandal wearing weirdie-beardies, and green energy subsidy troughers prepare to celebrate Earch day, supporters of the common sense lobby named the week following Earth day as Green Energy Poverty Week to show respect for those plunged into fuel poverty by green energy taxes levied to fund the wind farm and solar energy subsidy millionaires.

The Video That Ought To spell The End Of Hillary Clinton’s Campaign
The case is human beings are easily manipulated and a propaganda campaign consisting of a toxic mix of lies and scaremongering has frightened the weak of will, the apologies for human beings who rather than face life as a great adventure instead desire instead to cringe behind the apron of Nanny State.

EU Chief Warns of 'Implosion' as Trust in Europe Fades
What has the European Union done for us, as the Monty Python tream might have said has they made a movie about the idiocies of the European Union. With the EU close to collapse anyway, the outcome of Britain's in / out referendum is probably academic, but we Brits ave always been a bloody minded lot and some of us still care enough about the future of our contry we would like our descendents to be able to say, 'Yeah our country beat Hitler and it beat the bureaucrats too'

Disillusionment With EU Grows as Swedish Support Slumps By 30%
A new opinion poll carried out on support for the European Union in Sweden has produced some shock findings as a massive turnround among Swedish voters probably due to mass immigration and migrant related crime waves in cities. From being one of the most solidly pro-EU member states, Sweden now has a substantial majority against membership of the EU.

Terrorist Friendly Obama Doctrine In Foreign Policy Has Made The World More Unstable A highly critical look at the ongoing disaster of American Foreign Policy, in particular relating to the middle east, during the Obama administration. Iraq, Afghanistan, Libya and Syria are the main catastrophes, there are plenty of others.

Dutch Set to Deliver Second EU Bombshell Referendum Over TTIP Deal
Just a week after putting a massive obstacle in the way of Ukraine's smooth accession to the EU by rejecting the association treaty that sets up free trade and visa free travel between Ukraine and the EU nations, Dutch voters are now demanding a referendum on whether the TTIP free trade deal with the USA can be deemed acceptable in view of the trade advantages it hands global corporations.

As UK National Socialist Leader Jeremy Corbyn Corbyn makes 'socialist case' for EU ...
As Jeremy Corbyn goes over to the dark side and tries to pretend the EU is a democratic, socialist organisation, George Soros reveals his plan to marginalise educated Europeans by flooding europe with ignorant, illiterate third world migrants to provide cheap and easily controlled Labour for industry

Four Hundred Thousand Premature Deaths Due To Climate Change
" ... Yet perhaps the most important figure in the debate is this: 400,000 premature deaths are caused by air pollution each year across the EU. That’s almost the population of Edinburgh. So, no matter whether you believe climate change is real or not, something needs to be done to save lives now.

University of Toronto Learns Why Mandatory Unisex Bathrooms Are A Bad Idea
As new, politically correct laws aimed at sparing the delicate feelings of chicks-with-dicks who face ridicule if they use men's public toilets and accusation of sexual harassment when they use women's facilities, demostrate that as Aristotle said, 'the greatest inequalities arise from trying to make unequal things equal' and backfire by giving carte blanche to perverts and sex pests who only have to ...

Soros Sponsored "Democracy Spring" Launches Program Of Civil Disobedience
So there you have it, the 'radical left' are sponsored by one of the nastiest, greediest corporate capitalists ever, a shameless advocate of global totalitarian government proposed by theelistist socialist group The Fabian society over a hundred years ago and towards which these supporters of 'oligarchical collectivism' have been working ever since.

Global Temperature Record Is A Smoking Gun Of Collusion And Fraud In Climate Science
Are the latest leaked documents from the Global Warming conspiracy published by Wikileaks the smoking gun the carbon dioxide driven climate change sceptics have been waiting for? The ceretainly demonstrate beyond not just reasonable doubt but any doubt at all that the research grant phising climate scientists deliberately changed data so the algorithms would give the answer they wanted.

Britain's Choice: Democracy Or Eurocracy
Democracy in the European Union: The people = one vote, the bureaucracy = millions of votes - because, and I quote, "The people are not intelligent enough to understand complex issues". As we have commented before, it is not just a large section of British public opinion that want's to get our country out of Europe. Last week voters in The Netherlands voted by a big majority against the EU-Ukraine Association Agreement, which would be a step towards ...

Trump, Sanders: The Anti-Globalists
While most candidates for the US Presidency are political hacks guaranteed to follow the party line, the success of Bernie Sanders and Donald Trump reflects how angry American voters are with the ruling elite, and how dangerous a situation the USA is in

Turkey, EU Exploit Syrian Refugee Crisis: Create New ‘Slave Trade’
So how is that deal between the EU and Turkey to control the flow of illegal immigrants into europe playing out. Well as expected Tutkeys gangster president is doing little to slow the tide, but like all blackmailers is making more demands. And the EU look like giving in; well what do the bureaucrats care, it's only taxpayers money.

Black Belgians Refute ‘Poverty, Discrimination’ As Causes Of Arab Terror - It's A Cultural Thing
“You know, we hear a lot about how the Arabs are a fragile community that suffers, but we, ‘les blackies,’ are discriminated against, too, and we hurt nobody”, Nico Atoba, an African Christian living in Brussels told the National Post for a feature the Canadian newspaper was assembling.

Giant Leak of Offshore Financial Records Exposes Global Array of Crime and Corruption
The Panama Papers have revealed financial secrets that could bring about the resignation of David Cameerron and several other leaders, bring down governments and send major businesses into liquidation. but are we being told the full story, or is data being cherry picked tp protects certain individuals and their interests. In there a hidden agenda at work.

Brussels Reaction to Dutch EU-Kiev Deal Vote Heats Up Brexit Issue
Brussels reaction to Dutch EU-Kiev deal vote brings to mind the way the unelected Kommissars who run the EU cynically dismissed the Irish referendum result that rejected the Lisbon treaty and further inflames the Brexit issue.

Former Foreign Secretary Says Brexit Is Needed To Protect The NHS From ‘Serious Danger’ Of TTIP

The National Health Service (NHS) will face a “myriad of dangers” from the Transatlantic Trade and Investment Partnership (TTIP -nicknamed Obamatrade), according to former Foreign Secretary David (Lord) Owen. In an interview for The Guardian< Owen warned that if TTIP negotiations are pushed through before Obama leaves office as EU officials hope, large parts of the NHS will be at risk of falling under the control of global corporations.

Former Foreign Secretary Says Brexit Is Needed To Protect The NHS From ‘Serious Danger’ Of TTIP

Yes, the Panama Papers Could Really End Hillary Clinton’s Campaign

We've been chronicling the downfall of Hillary Clinton, from her seemingly unassailable position as the anointed successor to Barack Obama, whose path to first the Democratic Party nomination and then the Presidency itself had been carefully planned and all obstacles removed...
Yes, the Panama Papers Could Really End Hillary Clinton’s Campaign

Irony Overload: Iran Warns Obama Not To Cross Red Lines
the United States concluded an agreement with Iran which lifted US and International sanctions in return for Islamic Shi'ite Republic agreeing to limit their nuclear ability. At a high level, the US would lead the way in lifting oil and financial sanctions imposed due to Iran’s nuclear programs; in return Iran would reduce their stockpile of enriched uranium,

The One 'Climate Change' Question That Really Matters But Is Never Asked?
After looking at the latest opinion survey on climate change which is full of the usual pseudo - science babble but does not ask the one important question politicians and their advisers need answered to be able to form policy, we ask it.

Panama Papers: British Elite Linked to Corruption, yet Media Only Focuses on Putin It is clear (and very easy to research) that many Amerocan elitists, including prominent political figures are involved in the Panama tax haven scandal. So why are British news organisations focusin on David Cameeron, the Conservatives and Vladimir Putin? Could it be the Gerge Soros funded group behaind the leaks have another agenda besides exposing (perfectly legal) tax avoidance?

Dutch Referendum This Week Shows why We Should Leave The EU.
Few of you were aware probably that there is an EU referendum vote in The Netherlands this week. As usual with anything negative about the EU barely a word has been printed in the topic in mainstream media and the silence from our notionally unbiased national broadcaster The Bolshevik Broadcasting Corporation (BBC) has been deafening.

Punish Google Tax Dodging And Sink The Corporate Pirates
With tax avoidance once more in the news but vying for top spot with stories of western industrial decline and Islamic penetration of civilised socities in Europe we hardly know where to start

Cruise For 1,700 School Kids Ends In Tragedy As Migrant Passengers Gang-Rape Girl

Five men, including two believed to be accessories to murder, have been arrested on suspicion of gang raping a girl on-board a special, high school kids-only pleasure cruise in Sweden. Four men aged between 18 and 19 were arrested when the luxury MS Galaxy landed after its cruise to Finland on Wednesday, with a fifth arrested yesterday. They are all accused of gang-raping an unidentified woman, and face charges of aggravated rape.

Massive Influx of Migrants 'May Start Civil War' in EU As Germanys immigrant crisis shows no sign of easing and nobody in Chancellort Merkel' s ruling coalition seems to have a clue how to deal with it, left and right wing politicians are starting to talk of the crisis dividing netions so deeply it could lead to civil war

'I Pray for Sanders' - Oliver Stone Condemns Clinton’s ‘Corrupt’ Policy
Academy Award-winning movie director Oliver Stone criticized former US Secretary of State Hillary Clinton for contributing to almost every major conflict of recent decades and for refusing to accept the fact that “the Cold War” era is over

Are Mainstream Media being Constrained From Reporting Adverse News On Vaccine Issues?
Controversy rages on around vaccines with the delusional denizens of the Church of Scienceology Cult still insistin vaccines are absolutely safe because incidences of serious harm being done to receipients of vaccines are 'statistically insignificant', Big Pharma Corporations pushing the idea that vaccines can protect us against everything but taxes and medical incompetence and politicians yelling 'vote for me and I'll abolish illness, old age and poverty ...

The FBI Just Indicted Hillary Clinton over Libyan War Crimes - sadly this article was an April Fool
Unfortunately its only an April fool joke but this article provides are rare chance to see all that despicable, arrogant, spoiled bitch Hillary Clintons recent ethical violations catalogued so people can see she really thinks she is above the law. The USA is on the road to tyranny, thankfully we have Vladimir Putin to defend freedom.

The World Is Falling Apart And Nobody Has A Clue What To Do Some excellent analysis on the current state of the global economic and security situation. It is by Anatole Kaletsky an Russian born British resident who has worked in London and Washington and was published by a US online publication so there is a pretty wide world view on display.

Secret ECB Docs Warn Of More Financial Mayhem on the Horizon
A recent agreement between the European Central Bank (ECB) and the central banks of the Eurozone member nations raises the prospect of EU taxpayers being forced to pay for more bailouts, German newspaper Die Welt reports.

Trump's Crass Politics, Hillary Clinton's Litany Of Scandal
You think British and European political systems are FUBAR? Take a good long look at the mess this year's US Presidential; Election campaign is turning into as a loudmouthed megalomaniacal bully squares up to a spoied, rich bitch who thinks she is above the law and acts the part of Tyrant perfectly.

Assad Accuses Erdogan Of Putting Combat Troops In Syria


As we suspected, the US / Russian / EU brokered ceasefire in Syria is not going to stop Turkey's Recep Erdogan (wannabe Sultan of a new Ottoman Empire?) from pursuing his territorial ambitions in Syria. So long as Erdogan has Nanny NATO's apron to hide behind he will keep provoking Russia.?

Iran's Ayatollahs save SyriaPutin and Now That Russia's Putin and Iran's Ayatollahs Have Neutralised ISIS in Syria the focus of terror shifts to Turkey, the NATO members that, with the fuill knowledge of the USA ans European powers has been helping ISIS in its bid to overthrow the Assad regime.

French, Belgians, Dutch, Italians Follow Britain in Euroskepticism
Europeans want us British to lead them out of Europe. Don't be fooled by project fear, the European Union (aka the Euronazi Federal Superstate) is falling apart. There will not be chaos if we leave, there will be chaos if we stay.

RIP the British Steel Industry, murdered by The EU. Vote Leave
As the future of not just Port Talbot steelworks but british steelmaking hangs in the balance with Indian conglomerate Tata Industries deciding the fate, we reflect that (A) the latest disaster for manufacturing is the fault of the EU and (B) We've been here before with Tata, a steelworks and a carbon credits scam.

With Hillary Clinton’s Email Lies Unravelling, 147 FBI Agents Are On Her Heels
E-mail exchanges between Senior Coordinator for Security Infrastructure Donald Reid and the NSA show Clinton was intent on obtaining a secure BlackBerry that she could use in restricted areas. Although Clinton would of course be given a desktop computer on which she could safely conduct state business, Reid said the Secretary had become “addicted” to her BlackBerry during ...

US Provides Additional $20million in Response to Refugee Crisis in Europe
“The United States announces $20 million to support efforts by the United Nations High Commissioner for Refugees (UNHCR) and the International Federation of Red Cross/Red Crescent (IFRC) to provide increased protection, shelter, and lifesaving assistance throughout Europe, including in Greece, Western Turkey, and the Balkans,” the release said.

Treasure "Trove" Of ISIS Documents Detail Secret Oil Trade With Turkey
We detail the route by which ISIS transports illegal, undocumented crude to Turkey via Zakho-based smugglers and how that crude ends up at Ceyhan where tanker rates seem to mysteriously spike around ISIS-related oil events. All of this, we suggested, was done with the help of the Turkish government up to and including Erdogan's son Bilal who owns a shipping company

A Closer Look At No - Go Zones For Europeans In EU’s Notorious Migrant Districts
In the wake of the latest terror attacks in a European city, (Brussels this time) it seems everybody in the EU except for the politicians and senior bureaucrats whose ineptitude and arrogance caused this mess, is now aware of the scale of problems for European socities emanating from the Islamic enclaves that have been allowed to develop by authorities more interested in being politically correct that serving the people who pay them.

Failed Immigration Policy Threatens Press Freedom In Sweden
Stockholm: Beautiful, civilised Sweden being turned into a third world cesspit by idiotic socialist politics and barbaric immigrants ...

Brexit: Britain's future in or out of EU?
Should Britain leave the EU and or remain and surrender even more of our national sovereighty to the unelected bureaucrats in Brussels. The campaign to keep us in the EU, led by Prime Minister David Cameron, has become know as Project Fear, the Europhile having only scaremongering arument to back their case. At the moment, due to the immigrant crisis caused by the Shengen Zone open borders area and 'open doors' immigration policy,

Europe and the never ending immigration crisis
The tidal wave of immigration release on Europe due to American foreign policy of destabilising Muslim societies in Africa and the middle east and the complete failure of European political leaders and bureaucrats to deal with it adequately (or even to try and fail) has cause a crisis among the 28 member states of the European Union that threatens the existence of the Union

We Will Never Defeat Terrorists While Idiots Like This Are Allowed To Hold Public Office
Lets face it, the culture of politically correct thinking and white guilt thar prevails in the public sector is the biggest factor working in support of Jihadism and the globalist elite's push to destabilise civilised nations as a means of smoothing the way to creation of a global government. Here's what I mean:

Turkey has ‘serious questions’ to answer: Reactions to RT report on post-ISIS town in Syria The stream of accusations is growing against Ankara over illegal oil trade and support of Islamic State, with politicians and experts calling for Turkey to be held accountable for its actions after a new batch of evidence gathered by RT.

Europol leaks intelligence like a ‘colander’. UK’s more secure out of EU says former Head of MI6.

“Quitting EU would help our security”
In a striking intervention, Sir Richard Dearlove, former Head of MI6, has addressed thesecurity implications of Brexit, and concludes that our security would be not only unharmed, but actually strengthened, by leaving the EU.

Washington's Missile Defense Mentality Makes No Sense Against Jihadist Guerillas
The Brussels terror attacks should spell out so even the Washington hawks can understand, that Ameroica's policy of using nations like Poland and Ukraine to put a missile defence shield around Russia is not a defensive but an offensive course of action. Russia is not a threat to the west, Islamic extremism is a big threat. And Surface to air missiles are eff all use against jihadist guerillas.

SunEdison Plummets On Imminent Bankruptcy; Axiom Sees "The Beginning Of The End" And 85% More Downside Another item in the 'legacy' Barack Hussein Obama plannede to leave the world looks like going down the pan as a solar energy hedge fund he backed with $$$hugenumbers of taxpayers money prepares for bankruptcy.

French Legislator Proposes Alliance With Russia to Prevent More Attacks
After the terrorist bombings in Brussels yesterday Europe went into a kind of meltdown as various politicians competed to show who was the most clueless on how to deal with terror and Muslim extremism, which has been imported into the streets of European cities by the idiotic, politically correct, open doors immigration policy imposed on most member nations by the bureaucrats who run the EU.

Humanitarian Groups: EU-Turkey Refugee Plan Puts Women, Children in Prison Camps

Scepticism about the EU / Turkey deal existed among conservative and libertarian thinkers from the outset, now as it becomes clear how much the EU surrendered to Turkey and how Turkey has not intention of honouring the paltry pledges it made, the left are becoming sceptical as well.

EU-funded BBC documentary on Obama sparks allegations of anti-Brexit bias As this is the ultra left wing BBC we are talking about, this news blog would go so far as to say the documentary is a sign of the national broadcaster's anti British bias.

Bee Apocalypse: France Bans Bee Killing Pesticides
France is the first nation in Europe to act to ban the bee killing pesticides, neonicotinoids. While the EU's ruling bureaucracy has pressured member nations to go with the pesticides, and with glysophate (brand name Roundup) associated with Genetically modified food crops but recently named as a likely cancer causing agent in humans ...

This Exchange Proves The BBC, The Green Party and Friends Of The Earth Reject Free Speech
See independent climate expert Piers Corbyn treated appallingly by BBC Big Questions propaganda broadcast and shouted down by an audience packed with left wing activists.

Obama: US and Iran have major differences.
So what happened to Obama's great deal with Iran? Didn't the great peacemaker and joybringer proclaim not long ago that he had created peace and understanding between the USA and Iran? Perhaps the Iranians worked out that every country with which Obama claims he has created peace and understanding is the next to be blitzed by American bombs and drone strikes

If global warming is real, then why does the NOAA's own data show no warming for 58 years?
Suddenly ‘Global warming' is a seriously hot topic again; after a period in which many prominent scientists who not long ago would have been reluctant to point of the flawed science and fraudulent statistics behind the scam, for fear of having their careers and reputations trashed by 'The Science Inquisition', now almost every day there’s a new report claiming that humans are to blame for climate change

TTIP Set To Erode Democracy Further, Handing Veto On New Laws To Big Business
We do not yet fully understand what the 'deal' negotiated by David Cameron for revised terms of membership actually commit us to, but the general push by the bureaucratic dictatorship in Brussels to abolish the national sovereignty of member states and create a federal European Superstate is well known.

How Hillary Clinton Planned The Syrian Holocaust We bring you evidence that the destruction of Syria was planned by the USA and Israel long before the US engineered 'spontaneous uprising'known as The Arab Spring ...

Servergate: Clinton Emails reveal how Google tried to help Obama Administration defeat Syria’s Assad
The unhealthily close relationship bewteen Google and the US government has been known for a while, but despite having been caught in their incesteous coupling, the parent and child relationship seems to be getting more intense. The latest revelation from the Hillary Clinton emails shows how Google was involved in the bid to overthrow Assad in Syria

Denmark Gives Large Bonuses To Get Migrants To Work - How Is That Fair To Danes

A new Danish scheme to help immigrants integrate by paying employers to hire them for no jobs in which, having no skills and being unable to speak, read or write the language, they will get paid for doing nothing will only make the crisis worse rather than doing anything towards solving it.

Mac Slavo of SHTFplan.com Discovers Real Reason Why Trump Scares The Establishment
So if Trump is in fact as liberal as the corporate sock puppet Obama, what is it about him that has the ruling elite so scared the corporate owned mainstream media are resorting to desperate measures to discredit him while politicians plot increasing unfeasible ways to stop him becoming president.

Immigrant criminals and Swedish criminals are viewed differently in the eyes of Swedish law.
We ask why it is, in Sweden, that when a Swede kills two immigrants it is an act of terrorism that shames the nation, but when an African immigrant kills a Swedish mother and her young child, in the eyes of the government it is somehow the victim's fault? The big concern is that, given the desperation of our Conservtive and Labour party leaders to make us more European, such politically correct insanity will be inflicted in Britain next

Anti-Trump Fascists Plan "Democracy Spring"
Following their apparently delusional belief in the "success" of Tuesday night's violent protests, anti-Trump groups are plotting "Democracy Spring" threatening "drama in Washington" with the "largest civil disobedience action [in the USA] of the century."

Don’t Trust The Turks
As EU leaders meet the Turkish Sultan President Recep Tayyip Erdogan,prepared to offer him whatever he asks for, on top of the five billion Euros he has already trousered in return for Turkey’s empty promises of help in controlling the flow of criminals, rapists, people traffickers and jihadists refugees from all over the middle east, Asia,and Africa Syria ...

Corbyn's Politically Correct Hypocrites Hate Sexism But Approve Of Muslim Sexism
On encountering my insense dislike of the Labour Party, people asume I am a Conservative. WRONG! I have never supported The Conservatives and have never voted either Conservative or Labour in my life. Politicians should never be trusted, I but what sets Labour politicians and activists above the rest in terms of being worthy of only contempt is the hypocrisy.

Why Should Obama Be Given A Platform From Which To Lecture Britian
Although it seems Sidi Barack Hussein Obama, the wannabe God - Emperor of the world and President Of The Entire Universe and everything Else Besides is still planning to visit Britain in late April to tell us all of HIS vision for Britain's future as a province of the US State of Greater Germany with Europe, British voters are distincylt undwerwhelmed by the prospect

Propaganda War: US Officials Working to Keep Russia, Europe at Odds
Speaking to the US Senate Armed Services Committee this month, Breedlove said that " Russia and the Assad regime are deliberately weaponizing migration from Syria in an attempt to overwhelm European structures and break European resolve." These irrational remarks, and the mainstream media's ability to convey them with a straight face, are an indication of a broken system, experts suggest.

Gunmen Storm Ivory Coast Resort Hotel, At Least 11 Dead
Heavily armed gunmen opened fire Sunday at a hotel in the Ivory Coast beach resort of Grand-Bassam which is popular with Westerners, witnesses told AFP. The assailants, who were “heavily armed and wearing balaclavas, fired at guests at the L’Etoile du Sud (Southern Star), a large hotel which was full of expats in the current heatwave,” a witness told AFP.

Starting Pistol Fired In Race To Succeed Merkel
While the odds of Merkel being deposed by a putsch in her own party may seem slim, they have been improved vastly by her party’s monumental failure in German state elections on Sunday, with her migration policy as the rationale for huge numbers of voters abandoning the CDU for the anti - integration, anti - immigration AfD party.

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