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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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The centralization of power over the past few decades in nations of the developed world has led to the evolution of a sociopathic managerial class formed mainly from the old petite bourgoisie who have now gravitted to public sector careers where their delusions of social status and the unaccountability of office lead them to abuse such power as they have.

The Perils Of Centralized Power
We show how the increasing centralization of power has led to the public becoming disenfranchised and feelinf unable to control their own lives. it has also facilitated the growth of a culture of corruption and cover up in public life, the justice system, education, the churches and other areas where the elite have become remote and out of touch with the citizens they serve.

Kick Political Correctness Out Of Football
As another football versus politiocally correct authoritarianist brings 'the beautiful game' even further into disrepute, we wonder is it time to kick politically correct authoritarianism out of sport.

IMF Chief Legarde Arrested? It's DSKja vu All Over Again.
Like her predecessor in the job, Domique Strauss - Khan, IMF Chief Christine Legarde feaces prosecution for criminality and is likely to be forced out of the job. Yet the dodgy episodes in Legarde's past were well known before she was appointed head of the IMF. So who put the kinfe in and why?

The science of saturated fat: A big fat surprise about nutrition?
After years of being told saturated fat is a killer and we should avoid it in favour of Big Food products that are the nearest modern chemistry can get to packaging arterial plaque, yet another scientific meta analysis shows the sat fat scare was based of fraudulent science and there is no evidence your steak is harming you.

Australian Teenagers Rebel Over Plain Cigarette Packaging I've commented many times on but never devoted an article to the deluded nature of the anti-smoking campaign, which claims great success in curbing smoking but completely ignores unofficial estimates that for every cigarette sold legitimately in the UK, another one (or possibly two) are comtraband. This news item from Breitbart London on ...

Political Europe Suppressed Under Washington´s Thumb Is Waking Up
In the aftermath of the downing of the Malaysian airliner in Ukraine, the Western media followed Washington’s lead and manipulated reports in order to make Europeans believe that Russia and Russian-supported separatists in eastern Ukraine were responsible for downing the airliner. In Germany, the press was an extension of Washington’s propaganda machine despite the lack of evidence from both Washington and Kiev to support their irresponsible claims.
New World Order index

CDC Whistleblower Links MMR Vaccine to Autism
One day the truth will be revealed about the MMR vaccine and its alleged link to autism as well as a host of other health problems in young children. One question damns the case in favour of MMR as propaganda. If it is as important as health authorities say to vaccinate children against MMR, why insist on the triple vaccine when there was never a problem with a separate measles vaccine? Could Corporate Profits have something to do with it?

Microsoft Admits Banking $92 Billion Offshore to Avoid Paying $29 Billion in U.S. Taxes
No wonder the control freak and man who made 'not fit for purpose' acceptable quality for sale, Bill Gates can afford to be a philanthropist. Today we learned Microsoft Corp. is sitting on almost $29.6 billion it would owe in U.S. taxes if it repatriated the $92.9 billion of earnings being kept offshore, according to disclosures in the company’s annual filings with the Securities and Exchange Commission.

Human DNA Shock: David Icke Was Right All The Time
newly published scientific research shows that Mr. Icke may have been right all along. About 30,000 years ago early human ancestors interbred with a species completely unknown to biologists, geneticists and anthropologists it reveals.

The British Jihad, Islamism And The Curse Of Multiculturalism.
As the world recoils in horror at images posted on the internet of an American journalist being cruelly and brutally beheaded by an (allegedly) British terrorist fighting for the extremists of the Islamic State in northern Iraq, we ask is the left wing folly of multiculturalism coming home to roost.

The Real Agenda Of Internet Trolls (fans of free speech they are not)The Real Agenda Of Internet Trolls (fans of free speech they are not)
You've seen internet trolls at work, in any comment thread under a blog or article on a controversial subject the trolls will be busy. Are they just mean spirited bigots determined not to tolerate anybody whose opinion differs to their own. Or is there another agenda at work?

MH17 Downing: CIA Analysts Decline To Support White House Allegations Of Russian Involvement. As the controversy over who shot down Malaysia Airlines Flight MH17 grinds on, the case made by President Obama that Russia was in some way involved is looking weaker and weaker.

Conspiracy Theorist me? OK Smartarse, So You Don't Believe Conspiracy Theories? Read This .....
I have a theory, not a conspiracy theory but about those who yell conspiracy theorit whenever government propaganda is challenged. I think these people are profoundly insecure and so afraid of the idea that we are on our own in thid big bad world, they have to convince themselves the government is their bestest friend and will protect them whatever happens. Sad really ...

UK Must Work With Assad To Combat ISIS? Laugh, I Nearly Shat
When Obama first called for military intervention in Syria, Cameron and Hollande were all for it and only public opinion in the west and Russian / Chinese Intransigence in the UN Security Council averted full scale war. I came in for a lot of flak for 'supporting the tyrant Assad when I suggested the last thing the west's troubled economies needed was another messy and unwinnable middle east war. Revenge is a dish best served cold. Its Showtime!

The Latest Misinformation Out Of Kiev
Sometimes we think things are cooling down in Ukraine, media ficus on the propaganda war betweek the kiev government and its American and European backers and the pro Russian separatists, backed by The Kremlin distracts us from what is going on on the ground. But there is still plenty goig on on the ground

OK Smartarse, So You Don't Believe Conspiracy Theories? Read This ...
As internet users you've all come across the kind of smart arse who thinks he has all the answers. The usually describe themselves as scientists or realists and are absolutely sure they are far too clever to be taken in by any of the nonsense that right wing extremist swivel eyed loons are always banging on about.

The Hate And Prejudice The Bourgois Left Find Acceptable
The neo - fascist left are quick to jump on any of the forbidden pejudices, racism, sexism, homophobia, islamophobia and so on. But as we have seen, they find pejudice and hated againt Christians and white Europeans quite acceptable. The bourgeois metropitan set might think that is acceptable but where I come from it's called hypocrisy.

What Would The Future Look Like Without The Propaganda Happy Pills The arrogance, hubris and contempt for morality displayed by our ruling classes is gobsmacking. Conservative, Labour and Liberal Democrat politicians seem to think they are untouchable, above the norms and ethics that apply to ordinary mortals and that they are able to rewrite the laws of nature on a whim. We are not just talking about politicians here, but bankers and business leaders, the legal, medical and education professions, public servants, academics and senior police officers.

Funny Things Happen In Ukraine - The Destriction Of The Convoy That Didn't Exist
The Ukraine Government claimed they had destroyed a Russian convoy that entered their territory. East Ukrainian rebels denounced it as an atrocity. Two British journalists working near the Russia / Ukrain border said they had witnessed the carnage. Russia said there had been no convoy. Independent sources said satellite pictures showed no evidence of wreckage. WTF was that all about?

Ebola and the Absent “Humanitarians”
When the FUKUS axis leaders, France, United Kingdom and the Unites States of America were calling for approval to intervene in Libya, Yemen, Syria and Ukraine, they justified their lust for war by claiming that bombing the crap out of those counties was necessary on humanitarian grounds. And the member of the FUKUS axis and their allies spent billions of $£€ on humanitarian bombs that wreaked hiumanitarian havoc among the innocent poor and middle class citizens of those nations. Now they have work out their 'The Jihad Is Coming' scare but have a new weapon Ebola ...

US TV news: Zero evidence to prove MH17 shot down by pro Russian rebels
We have had our share of fun with shills for America's war of economic salavtion. The problem is that right after Malaysia Airlines Flight MH17 was brought down over Ukraine, we said calims that US military surveillance agents had 'compelling evidence' the rebels in Ukraine shot down the aircraft seemed a little too quick and made the disaster look like another US sponsored false flag attack ...

Russia to request MH17 probe report This might throw a spanner in the works of the cosy carve up between the USA, Britain, The Netherlands and Ukraine over analysis of the evidence from inquiries into the downing of malaysia airlines Flight MH17.
Russia will request an official report in relation to progress of an investigation into the crash of a Malaysian passenger plane in eastern Ukraine.
"We will ask for a briefing by the UN Secretariat on the progress of the implementation of Resolution 2166," Russia’s Permanent Representative to the United Nations Vitaly Churkin told reporters at the UN headquarters in New York on Monday.

New malaria vaccine doesn’t work most of the time, but manufacturer says it’s good enough to sell
Once again we turn our attention to vaccines and the criminality of the drug companies that manufacture and sell them:
There's a good chance that the vast majority of people who receive it won't derive any benefits whatsoever. But that isn't stopping British drug giant GlaxoSmithKline (GSK) from seeking regulatory approval for a new vaccine for malaria, known as RTS,S, that a recent study determined is only about 30 percent effective at preventing severe cases of the disease, which has no recognized cure.

Germany Is Building a European Army Before Your Eyes
The Dutch army is made up of three brigades, plus support staff and Special Forces. On June 12, one of those brigades, the 11th Airmobile, officially joined the German army.
This was the first time ever that European country has handed part of its army over to another country. “Never before has a state renounced this elementary and integral part of its sovereignty,” wrote Die Welt’s political editor Thorsten Jungholt.
“The hour has come, finally, for concrete steps towards a European Army.” — Chairman of the German Parlaiment’s Defence Committee Hans-Peter Bartels ...

Leaked Document Exposes One Sidedness Of Corporate-Friendly Trade Deal
A leaked document reveals the extent to which the Canada Europe Trade Agreement (CETA), a template for the much bigger and therefore more threatening to freedom and democratic rule Trans Atlantic Trade and Investment partnership (TTIP), will give Corporate businesses dominion over sovereign nation's elected asdsemblies and law courts. It's time we took up pitchforks and cudgels to march on London ...

Islamic State Threatens UK Says Cameron. Have We Heard Anything Similar Before
According to our Prime Minister, The West is engaged in a generational struggle against Islamic extremism that will threaten Britain unless urgent action is taken to defeat it, David Cameron warns today. (I told you those Tornado jet fighter planes were not in Iraq to drop bulk supplies of rice you beseiged Yazidis.)

Huge North Sea oil find enough to produce for over thirty five years. Media silence

First borken by the Blogosphere, this story which should be the biggest in British news media by now, is just being picked up by the mainstream. When will some newspaper or TV news editor be brave enough to run it we wonder? The story:

An oil field, described as one of the biggest untapped resources in the North Sea, is set to produce oil until 2050, it has emerged.

New GMO Approval Will Go Ahead Despite Public Outcry.

Corporate monopoly men and control freak politicians, aided by their Dr. Death scientists are determined to force genetically modified (GM) foods on an very sceptical public. If there was any truth in the claims that GM crops can feed the world and are safe, the public would not be sceptical, but the genetically engineered organisms now being developed are modified to be resistant to highly toxic chemicals to which humans and animals have no resistance.

Is It Lack Of Diversity That Makes Lefties Stupid?
Quite a while ago now I wrote a post titled "Is It Lack Of Diversity That Drives Left wing Hate?" It contained these lines: There's an old joke; Q: "Why do teenagers only listen to other teenagers?" A: "Because they're stupid." - Q: "Why are teenagers stupid?" A: Because they only listen to other teenagers." Substitute leftie, liberal, radical or progressive for teenager and that just about sums up the political 'left'

"Anti-Putin" Alliance Fraying: Germany, Slovakia, Greece, Czech Republic Urge End To Russian Sanctions
When I posted a blog yesterday, Game and set to Putin (it wasn't quite match) which commented on how while Russia has shrugged off the American and EU sanctions, European farmers were being hit hard by Russia's retaliatory ban on foodstuff from the EU, Mike St. Mark replied that while the Russian leader was running rings round the USA, EU and Ukraine, he didn't think it was quite game and set at that point. It is now ...

The U.S. is bombing Iraq isn’t for humanitarian reasons
The involvement of Britain’s Royal Air Force in delivering humanitarian aid in Iraq t has triggered speculations that the UK, may join the US in launching targeted air strikes against the Islamic State. The RAF Tornados deployed Tornado are two seat fighter planes capable of low level s supersonic flight but not idea for delivering large payloads of bagged rice or bottled water. They could be useful for dropping medicines however. Though British military leaders were insistent that the aircraft would only be used in Iraq as part of humanitarian operations, the choice of Tornados ... More

Game And Set To Putin - Sanctions Hit EU Economies
Do you remember how the lefties cheered just a short while ago when in retaliation for Russia not obliging the warmongers of the military / industrial complex by starting World War Three in response to numerous provocations. They praised ...

Will new clean energy process make coal the fuel of the future
Coal, you exclaim, throwing up your hands in horror, the stuff that covered buildings of industrial towns in black soot, the stuff that choked miners lungs and sent millions of people to early graves? Coal the filthiest fuel ever? How can you say it is clean? Well a new technology recently announced might change your mind. Unless you are a windmill worshipping Warmageddonist of course.

Such Nice People Live On The Left Of The Political Spectrum
Left wing politics, once the politics of freedom, individualism and self - determination has increasingly over the past few decades become the politics of hate, envy, bitterness, hypocrisy and authoritarianism. Left wing politics has now developed a level of intolerance for those who challenge its idiotic assumptions or moral superiority, it appears to be charging headlong towards fascism.

Independent Scientists Demolish The Lies About GMOs And The Safety Of Glyphosate
The GMO battle goes on, one one side the corporate funded, government backed, global government supporting science lobby, on the other the part of the biological research community that still believes in hostesty, integrity and objectivity. This article reports a conference at which independent scientists (i.e. those not funded by biotech corporations) expose the lies and corruption behind claims that GM crops are safe. Say no to GMO.

Britain’s maths policy simply doesn’t add up - but neither does overestimating the importance of maths.
As an engineer, mathematics has been an important part of my career but I have always been aware that it is a tool. In the past there have been many attempts to develop a 'philosophy of everything' base on mathematical speculations that took maths into areas it was never designed to go, areas of human thought and enquiry that rightly belong to philosophers. This talk of mathematicians being creative jarrs with me somewhat, inventors, engineers, designers are creative. Mathematics is just part of our tool kit.

Genetically Modified Truth? How Corpoate Money Corrupted Science.
Little Nicky is sceptical about many things, it's in my job description. Incidentally, for the benefit of those over qualified, under educated idiots who think I'm right wing extremist, it is a basic tenet of Liberal philosophy that we all have a duty to question that which is presented as an established truth.

How Fundamentalists Of Materialism Hijacked Science.
Yet again we find ourselves making a stand against the fascism of mainstream science. The nerds are getting stroppy and trying to suppress ideas they don't like again (Nobody expects The Science Inquisition) Thing is of course, if their ideas were half as good as they claim, the alternative being proposed would not look so convincing.

The Return Of The Twopenny Upright
That erudite commentator on business and economics and Cappo di Tutti Cappi, Tony Soprano once said to one of his sidekicks, "In any recession which businesses are least affected? Prostitution, gambling and organised crime." Our political leaders, in Britain, Europe and the USA may be telling us the recession is over and recovery is surging ahead but ... Why Does The US Government Hold A Patent On The Ebola Virus? Just Askin'
The outbreak of Ebola fever in west Africa has been making headlines since January this year, but as usual we are only being told half the story by mainstream media. It took a lot of digging by myself and colleagues in the blogosphere to dig up this pile of dirt which suggests the "new strain" of Ebola faver that has killed far more people than previous outbreaks may have resulted from attempts to weaponise the virus. And guess which national government is allegedly responsible.

Secrets And Lies And Oil In Scottish Referendum Cover Up
As the referendum in which Scotland will vote for or against independence from the United Kingdom approaches rumours are rife that news of a massive oil find near the shetanad Isles is being suppressed. Such news would guarentee scotland;s financial stability and could be a game changer in the unpredictable vote. But the UK government will not want to let that oil slip between their fingers.

Astrophysicist Declares GMOs Safe - Is Demolished By A Biologist.
The GMO battle goes on, one one side the corporate funded, government backed, global government supporting science lobby, on the other the part of the biological research community that still believes in hostesty, integrity and objectivity, supported by the masses of ordinary punters who support common sense solutions and whose suspicion of big money science is based on its track record of disaster, catastrophe and unforeseen consequences. Say no to GMO.

Shock; horror. Human Barbie Doll has her own opinions
The human Barbie girl Valeria Lukyanova has become something of an online phenomenon and is regarded as a sex symbol by many young men of the kind who have more computers than friends. Personally I find her apearance bizarre and about as sexually alluring as cold porridge. Still each to there own, where would we be without diversity of opinion.

We Will Raise The Flag Of Allah In The White House Say ISIS Leaders
The Islamic State in Iraq and Syria (ISIS) or Islamic State for short has a nice line in chutzpah, which seems a very Jewish quality for Islamists. Their leaders have issued a video via Vice media which warns the United States that ...

Suppression Of News Used To Influence Scottish Referendum Vote?
Now, in order to avoid being accused of trying to influence the outcome of the Scottish Referendum (because I don't believe in telling the scots how to run their affairs any more than I approve of telling Arabs, Afghans and Ukrainians how their countries should be run) I offer for your consideration this news leaved via Oil and Gas People.

As Obama launches another airborne assault in Iraq, who are ISIS
I have been consistently against western (FUKUS axis) interventions in domestic politics of middle eastern states. There comes a time however when intervention is necessary. Thus we must accept the necessity of the USA's latest military adventure, the reconvening of the war in Iraq.So why have I had a change of heart at this stage?

EU Boss Argues That Their Work With Banks And Corporate Interests Should Be Concealed From The Public.
Shills for global government and corporate fascism are always quick to shout 'conspiracy theorist' when anybody questions things like the EU federalisation project, the Trans Atlantic Trade and Investment Partnership (TTIP) and the Trans Pacific Trade Partnership (TPP) The obvious response is to ask why representatives of supra national bureaucracies are so desperate to ensure progress on these peojects is shrounded in secrecy?

The Real Reason The US Is Bombing Iraq
Only a day after Obama’s announcement that he had authorized “targeted strikes” inside Iraq in order to combat the Islamic State (IS) advance, the United States has indeed followed through with their threat. At least two waves of airstrikes against a variety of targets have already taken place inside Iraq. One of the airstrikes apparently struck an IS mortar position and an IS convoy near Erbil. IS fighters had advanced to within a half hour’s distance from Erbil, the capital of Iraq’s Kurdish region.

A Message For Nanny State
Nanny State is on the warpath, admonishing finger wagging furiously, lips compressed into a thin line, she is launching another determined effort to make sure we are all too scared to think for ourselves or make our own choices, Nanny is now warning, with the usual threats of early and painful death is we disobey, that we should ...

German Handelsblatt Releases Stunning Anti-West Op-Ed, Asks If West Rabble-Rousers Are On The Payroll Of The KGB
Up until this point in the Obama Administrations attempt to recreate events leading up to World War One, Angela Merkel and German media in general, had been firmly on the side of the west when it comes to dealing with Russia, Putin and realpolitik in broader terms. That changed dramatically today when Gabor Steingart, the chief editor of Handelsblatt, Germany's leading economic newspaper, came out with a stunning op-ed, in German, English and Russian, titled simply that "The West on the wrong path"

MH17: More evidence points to Kiev / Washington False Flag
Last week Little Nicky relayed reports (yes, relayed; in spite of what some authoritarians would have you believe, I don't make this stuff up, it's all reported) accounts of two German aviation experts who testified that their examination of photographs showing wreckage from around the cockpit area of the Malaysia Airlines Boeing 777 shot down over Ukraine were consistent with heavy calibre machine gun fire, which suggested the plane had been shot down by ...

Scots Wha Hae When Wallace Bled - A Boggart's view of Scottish Independence.
The Scottish Independence debate has failed so far to fire passions north of the border. Most Scots seem to be seeking evidence that Scotland will be no worse off as an independent nation, or is and will continue to be better off as part of the UK. Nobody in either London or Edinburgh is able to give a straight answer however. Her's our contribution ...

How Politically Correct Thinking Leads Into A Moral Maze
Being a leftie can be hard work however, with so many of the causes they must embrace being in direct opposition to other favoured causes, lefties encounter a lot of moral dilemmas. So being a believer in all -isms, the kind of idiot who equates calls for immigration controls with South African Apartheid or Stalinist genocide and is quite sure that equality means members of favoured minorities should be given me the privileged status of an elite class, can get hairy at times.

Another Obama Sponsored Genocide - not Alawi or Christians In Syria but Yazidi in Iraq.
While the west has been distracted by events in Gaza and Ukraine, and the neo - fascist 'left' have suddenly discovered the joys of anti Russianism and anti Semitism, the FUKUS axis sponsored genocidists of ISIS have discovered another inoffensive minority to exterminate now that the Syriac Christians have fled.

Neo - fascist Left's Idiotic Obsession With Racism Becoming More Insane
I don't know how many of you have noticed but the wailing and gnashing of teeth from the politically correct left over imaginary racism has become fr moire irrational and hysterical since the success of UKIP the the European Parliament elections back in May. The latest entirely innocent thing to be the target of racism accusations from the insane left is BBC Radio's sedate gardening programme Gardeners World. How have the cucumers and compost brigade upset the loony left?

Fear and Panic and Ebola Fever
The latest attempt to justify war has been the shooting down of Malaysia Airlines flight MH17 over Ukraine allegely by pro Russia separatists with support from The Kremlin. So far the 'compelling evidence' the American government claimed to possess has not been revealed but such evidence as has been seen points to another false flag even. Remember the Swine Flu pandemic?They're doing it again with Ebola fever, ramping up the scare factor and trying to spread enough fear and panic to justify suspending democratic rule by pretending this disease could potentially kill most of us.

Afrophilia and the reality of western ambitions in Africa
One of the dogmas of this politically correct cult of knee jerking, lockstep marching, wisdom-of-the-crowd chanting flock of Sheeple is that we must love Africa. Dark skin good, pale skin bad is the mantra. That the sheeple are nothing more than gullible dupes and useful idiots to the faceless men and women who really lead us is shown by the contrast between the mass Afrophilia of the flock and the way the controllers see Africa.

FUKUS axis imposes sanctions, Russian Oligarchs Shrug
So far in the Libyan crisis, the Syria crisis, the Iraq crisis and the Ukraine crisis, Obama and the European leaders have made a lot of noise and imposed a lot of meaningless sanctions (like confiscating the bus passes of retired Russian gengsters living in the west. And the Russians have just quietly got on with doing what they were doing.

What are US biowar researchers doing in the Ebola zone?
What are US biowar researchers doing in the Ebola zone? That is a question being asked around the cyberosphere as the Ebola outbreak in Africa continues to spread and alarm grows in the western nations. The Tulane University researchers [and colleagues] in the US biowarfare research community, have been operating in West Africa for some time. What exactly have they been doing? Exactly what diagnostic tests have they been performing on citizens of Sierra Leone?

Mass Immigration Means Failing Hospitals, Schools And Overcrowded Cities
Another shock for the left as think tank Civitas reports that mass immigration causes enormous social and economic problems while the 'benefits' to society the left bang on about are very marginal. The left's real agenda of course is the genocide of the fair skinned races. As most of these stupid lefties are white Europeans or Americans this is a perfect illustation of how stupid and self important they are, How does that old joke go about turkeys voting for Christmas?

Pandemonium: UKIP Taken Over By Fiends From Hell?
UKIP are at risk of being engulfed in another "ism" scandal as Jake Baynes, prospective parliamentary candidate for Wells has resigned his candiacy and party offices, claiming the constituency party has been taken over by "Occultists"

Ukraine Government Fires Missiles At Rebel Held Targets Leaders in Washington, London, Paris and Brussels continue to pump out the propaganda against Russia as they try to provoke a war over the alleged shooting down of Malaysia Airlines Flight MH17 over Ukraine by separatist rebels supported by Russia. But in spite of claims by Obama and Kerry that the US have evidence that proves it was the rebels wot done it, the more evidence we see, the more likely it looks that the Ukrain government in Kiew was responsible.

America's GDP Surges 4% in Quarter 2 - Jonathan Creek Shows How The Trick Is Done
This morning the US Bureau of Economic Analysis, an agency of the Commerce department revealed Q2 GDP statistics which blew made nonesense of estimates, showing year on year growth for the second quarter at 4.0%. This was explained as the result of a surge in Inventories and Fixed Investment, while exports added only 1.23% to the GDP number. The full breakdown by component is shown below.

Why Do The 'Progressive Left' Support Those Who Use Rape As A Weapon Of War
Rape as a weapon of war and genocide is not a pleasant subject but it is one that needs to be raise, like the issue of Female Genital Mutilation. Why visit such unpleasant topics? To expose the hypocrisy of the modern political left who have more in common with Hitler's Nazis, Mussolini's Fascist or Stalin's brutal Soviet regime that the supporters of traditional left wing values of individual freedom, free speech and equality before the law.

Why Do The 'Progressive Left' Support Those Who Use Rape As A Weapon Of War

Rape as a weapon of war and genocide is not a pleasant subject but it is one that needs to be raise, like the issue of Female Genital Mutilation. Why visit such unpleasant topics? To expose the hypocrisy of the modern political left who have more in common with Hitler's Nazis, Mussolini's Fascist or Stalin's brutal Soviet regime ...

FUKUS axis imposes sanctions, Russian Oligarchs Shrug
You have probably read a torrent of arse dribble in mainstream media about "Russia is becoming increasingly isolated" It's a meme that political leaders in the FUKUS axis, EU and NATO would like us to believe. It isn't quite the whole story however.

Sensational Break From Official Lies - German Aviation Expert Says MH17 Brought Down By Air To Air Missile
The shooting down of Malaysia Airlines flight MH17 over Ukraine has triggered a war of words between the USA / FUKUS axis and Russia as President Obama, without any clear evidence to support him, tried to blame Russia and use the outrage to justify a military intervention in Ukraine that would certainly start a major global conflict. So far Russia has stood its ground but refused to be provoked as evidence like that below has undermined the western narrative.

US wants WWIII because its big banks are insolvent: Henderson
An American author and columnist says the United States wants to start a third world war because most of its big banks are insolvent.
Dean Henderson with the Veterans Today made the remarks in a phone interview with Press TV on Monday as he commented on recent remarks made by White House Deputy National Security Advisor for Strategic Communications Ben Rhodes who said ...

Germany Axes Canada-EU Trade Agreement, This Will End TTIP Stitch Up Too
We are winning. Well today we are at least. News broke over the weekend that Germany intends to junk the Canada Europe Trade Agreement (CETA), a template for the much bigger and therefore more threatening to freedom and democratic rule Trans Atlantic Trade and Investment partnership (TTIP). So it looks as though the shockwave of the European Parlianment elections has awoken politicians to the anger of voters throughout Europe with the dicatatorial attitude of the EU.

Who shot down MH17? Black Box Data Reveals Nothing We Did Not Know
As the political and media war over responsibility for the shooting down of Malaysia Airlines flight MH17 continues, here's a chance to view a report put together by the BBC Russia news channel (In Russian with English subtitles). Strangely the Beeb have taken this report offline now. Make what you will of that. The video shows the handling of the Black Box flight recorders, which

Smart Homes Reveal User Behavior, Prone to Hacks:
Our Internet-driven world filled with interconnected smart gadgets and computing applications is making us vulnerable to potentially life-changing hacks and tracking. Not only are modern cars open to being hacked, but also boats, planes, and GPS-driven weapons.

Now Things Are Starting To Make Sense
It is now known that the uprising in Ukraine early this year that saw the elected government, which was cooperating far too well with Russia for the liking of the western powers overthrown and replaced by a US and EU sponsored gaggle of gangsters, thugs and neo - fascists whose task was to

Funny How A Few Days Good Weather Brings The Warmageddonists Out
Over the past few scorching hot days I have seen several members of the alomst defunct Warmageddonist society plugging their tired, discredited old "science" and trying to claim that mathematics proves that what is observably not happening is actually happening but only scientists are clever enough to understand that ... Hmm, is that so?

Military Veterans Opinion: Probably A Bomb That Took Down MH-17!
Funny how the left present themselves as the politics of peace and unity but are all out in support of Barack Obama's latest warmongering campaign in Ukraine following the downing of Malaysia Airlines flight MH17. I suppose the pacifists enthusiasm for World War Three proves George Orwell was right when he said War is Peace.

America's Dumbest Move Yet: Hijacking A Foreign Bank
The financial markets seem to be getting more volatile, with share prices and currency values fluctuating wildly on the slightest indication of good or bad news. But when central banks start hijacking other banks on the basis of very flimsy evidence from a pariah state, we should befinding somewhere safer for our money

UK Government Report Confirms Huge Abuse of EU Free Movement Rules
After scream of 'racists' and 'bigots' from the left when common sense users pointed out that mass immigration does not benefit the economy, nor is it fair to the people shiioped here having been promised a utopian existence only to find they are living in foul conditions, doing menial jobs, and being paid under minimum wage and exploited by unscrupulous bosses. , a report by civil servants confirms that the 'right wing extremists' was absolutely correct.

Malaysian Government and Opposition Call For MH17 Justice – Evidence Suggests Foul Play
Thanks to the sleazy political opportunism of Barack Hussein Obama and his bum boy David Cameron the tragedy of Malaysia Airlines flight MH17 has been turned into a circus as the outrageous accusations (based on zero evidence, the USA told reporters to look on Facebook if they wanted proof the Ukrain pro Russia separatists did it) have spawned increasingly crazy conspiracy theories.

Poor white pupils put off school by multicultural timetable
Education, should it be about learning to read, write, spell and calculate? Or should it be about feminism, gay rights, black history and 'gender awareness' whatever that is? For many years we have had multiculturalism and politically correct thinking rammed doiwn pupils throats but noe a study by a local education department suggests this obsession with politicallly corret diversity is responsible for the failure of white working class pupils.

Israel maybe guilty of war crimes – UN Human Rights Chief(This could be the understatement of the millennium)
Israel maybe committing war crimes in Gaza, the UN High Commissioner for Human Rights says. Speaking in Geneva, Navi Pillay said house demolitions and the killing of children raise the "strong possibility" that Israel is violating international law. Opening an emergency debate at the UN Human Rights Council in Geneva, she citied cases of Israeli air strikes and shelling hitting ...

Malaysia Airlines Flight MH17 - Nothing is ever what it seems to be
Nothing is ever what it seems to be, I learned that doing top level consultancy contracts for government departments. Deception is the name of the game. So what of Flight MH17, certainly the plane was shot down and our sympathies are with the families of the dead. But the game of finger pointing that followed was not about justice but political opportunism. And by playing a waiting game the Russsians are winning again.

US State Dept. Annoyed at Press Questioning MH17 Narrative Spokeswoman Angrily Refers Press to Social Media for 'Proof'
The Obama Administration continues to reiterate its narrative on what happened to Malaysia Airlines flight MH17 with more certainty (and often different details) every day, but there is a stark lack of evidence, beyond a handful of “authenticity could not be verified” images floating around on social media. With Russia denying the allegations, the US must have some really damning evidence to be so certain, right? Just so, insists the State Department, just don’t ask them to show any of it.

Obama Goes Full - On Nazi: with Europe, and it’s headlined on July 18th, “US Accused of Forcing EU to Accept Tar Sands Oil Trade
The secret negotiations around the 'New World Order' free trade treaties, TPP and TTIP that will strip democratically elected governments of sovereign power lumber on. There are positive signs however that the world is waking up to the neo Nazi nature of these sleazy so - called trade treaties cooked up by the Obama Andministration and some of the biggest and most evil corporate businesses in the world.

Diversity' Does Not Mean Quotas. Why Do The Left Have To Rewrite The Dictionary.
One might think, given the amount of screaming and shouting about diversity we hear from the left, they might take a little time to find out what it really means and stop applying their superficial and shallow meaning to it. The left however are hupocrites which is why they can claim to have a monopoly on truth and goodness while embracing the tactics of fascism in silencing opposition. Thus they have no problem reducing 'diversity' to a question of skin colour or sexual preference while insisting only one shade of opinion is acceptable.

What The Media Is Not Writing About Flight MH17
Only hours after the tragic downing of Malaysian Airlines flight MH17 over eastern Ukraine, Western politicians, led by the dickhead in chief Barack Hussein Obama were jumping up and down screaming "It was Russia wot done it." The sycophants in mainstream media were quick to join in, stating that ...

Whatever War Crimes Obama Accuses Russia Of You Can Bet America Has done It First.

World policitical leaders and media sycophants are lining up to condemn Russia for the dowing on Malaysia Airlines Flight MH17 over Ukraine. Here are a few snippets from our coverage: