by Ian R Thorpe.
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.
How Global Financiers Rigged the Bank Bailouts.
What? The money markets rigged? You might well exclaim. Yes, unbelievanle isn't it, the money merkers are rigged just research the LIBOR fixing scandal or follow a fwe of our links below the embedded article and learn how the elite have been playing us for mugs. It's timer we stopped them but first we have to break the rigged political system.
Financial Crisis? The Dow Has Already Fallen More Than 1000 Points From The Peak Of The Market
The dramatic falls in world wide stock markets over the past week hows that the Daily Stirrer finance expert was correct in predicting this, such recovery in the global economy as has happened since 2008 has been the result of printing money and manipulating the markets. This latest action is part of a massive heist by the bankers to drain the value from our savings and pensions
Germany's Missing Gold, America's Empty Vaults
The Second Wave Of The Debt Tsunami or The Coming Of The New World OrderAs the debt crisis stumbles on in Europe, the U S A and around the third world all politicians and governments can do is keep kicking the can further down the road. Nobody is prepared to admit that the economic model based on perpetual growth funded by personal debt and public spending has failed. So where do we go from here?
What is behind the refusal of the US Federal Exchange to hand over the 1500 tond of Germany's gold that were stored in the vaults of the Federal Exchange but that since Germany demanded repatriation of it's asset, the Americans have refused to allow German representatives or independent auditors to have sight of. Has the American government spent all Germany's gold?
Britain' Leaders Must Ignore The Messianic Promises Of This False Prophet Of Economic SalvationAccording to his fans Paul Krugman is the greatest economist of his generation. So why does he telln us he can solve the economic crisis when all he can offer is a return to the borrow and spend policies that created the mess in the first place.
Euro Uber Alles
Today we report The Iron Chancellor of Germany made it quite clear. “Whoever wants credit must fulfill our conditions“.
These conditions are capitulation by three vulnerable states on core policies, and partial loss of sovereignty for the rest of the eurozone. The move represents a giant leap towards the establishment of a federal Europe or the dreaded single nation solution.
Financial MadnessWas the credit crunch as the media called it really caused by the geed and incometence of the banks and the inabiliy of us ordinary punters to manage our affairs. Or was it all due to the financial madness of politicians who engineered a a system that depended on infinite growh in a world of finite resources.
Getting Naked In The Financial Markets
If you've heard of hedge funds and toxic debt you might well think these are the most evil manifestations of the financial markets that plunged our economy into the abyss. Unfortunately there are far more fearsome demons, arbitrage, short selling and naked short selling. Anyine wanting to know how insane pertsonal gred has made the people who are supposed to prudently invest our savings and pension fund money in currency, bond, commodities, stocks or any other financial market this is a must read.
The Debt Threat To Our Way Of LifeJapan's Triple A credit rating has just been downgraded, that of the USA is looking a long way short of secure.What is going on in the world of finance when economic powerhouses like these are in trouble? Is the continuing financial criis and the threatened meltdown in the bond market just a knock on effect from 2008's problems or is something bigger going on?
Coalition Government Urged To Make PFI Profiteers To Repay FundsFrancis Maude, the Cabinet Office minister, claimed that many PFI deals were "ghastly" and imposed an unfair "penalty" on schools, hospitals and other public services. It is understood that Cabinet Office and Treasury officials are examining PFI contracts worth billions of pounds, looking for ways to claw back money for taxpayers. Signalling an end to the era of PFI, Mr Maude said the Coalition's plans for a ...
Retailers Piss Off Grey Pound SpendersRetailers risk repelling some of their wealthiest customers with excessive and poorly-designed packaging which older people find difficult to open or use, the charity Age UK claims. It says that people over
The 99ers: Death Of The American Dream.The 99ers are a new social class createde by the economic recession in the USA. This new demographic, not one the advertizing industry will be interested in are jobless people whose unemployment benefit (job sekers in UK parlance) benefit has run out and thus who have dropped off the unemployment statistics. But even for people who are not 99ers times are hard scross the pond ...
New Gold Rushhere is great excitement in financial markets at the moment about the price gold currently trades at, $1400 per ounce. Take this from the Daily Telegraph for example:
Investors and central banks are buying up the yellow metal at unprecedented levels, but will its allure last as ...
Papering Over The G20 Cracks Will Not Avert A Currency War.The G20 leaders can pass all the resolutions they like and issue joint statements ''til the cows come home, the fact is we have a currency war and until the United States, owner of the world's reserve currency, the US Dollar stops trying to reduce its debt by devaluing the currency the world trades in and starts to work on getting its deficit under ...
Obama Takes A Swipe At ChinaUS president Barack Obama took a swipe at China's currency policy after G20 leaders failed to resolve tensions running high over global trade imbalances.
The summit in South Korea ended as it began, the row over gaps and surpluses which sees China accused of keeping the yuan artificially low to boost its exports at the expense of American and European jobs dominated discussions .
Arrogance of Economists and PoliticiansLittle Nicky Machiavelli on why those who do not learjn from mistakes are condemned to repeat them and why we are in a kind of economic groundhog day.
The Necessity Of Curbing State SpendingThe left, already laughably styling themselves "the opposition" even as Labour splits into tiny factions including the "old left" the traditional party of the working class, the people with traditional Labour values who recognise there are no magical solution, the "progressive left", the kind of people my colleague Ian Thorpe refers to as The Politically Correct Thought Police, who are currently working themselves into a frenzy about
Interesting TimesWhich way will the economic crisis go in 2010? Cracks are appearing in the Europen Single Currency scheme and China which has massive holdings of US treasury bonds is making unhappy noises about the dececit being run up by the Obama administration as they pursue loonytoons economic policies
Magic MoneyNot so long ago politicians and bankers were full of confidence bordering on hubris and they were telling us the good times for the economy could go on for ever. So where did it all go wrong. When did they suddenly realise the decicit was unsustainable? The finance industry blame politicians, politicians blame the finance industry...
Future Is CancelledBoth the USA and Britain are in a debt crisis of public spending that dwarfs the catastrophe of climate change. Other developed nations are crippled by interest payments on their deficits but not completely hamstrung yet. Read how irresponsible government borrowing is dragging us into he abyss...
No Real Jobs In The New EconomyGordon Brown's Labour government and the failing Obama administration in the USA, feeling power slipping through their as public sector deficits grow, are trying to lull people into a false sense of security with claims the 'green' and the 'digital' economies will restore prosperity. This as a blatant lie...
Property Prices To Fall Again?Despite government eforts to talk up a recovery the economy remains stubbornly stagnant. It is unsurprising really, the UK economy still relies far too much on the housing and property market and with incomes being squeezed and house prices remaining so high they are beyond the reach of first time buyers there is little change of increased activity while unemployment continues to rise.
America's Debt Crisis Traps Less Well Off In Depression ConditionsNews this weekend has been dominated by the assassination attempt on a Democratic Congresswoman and her companions in Tuscon, Arizona. As the story is everywhere there is little point The Daily Stirrer commenting other than to offer our condolences to those injured and the families of people who died in the attack. What this incident has done however is to focus the attention of the outside world on some very worrying social trends in the world's most powerful nation, namely the polarisation on political, racial and regional lines and the seething anger at most levels of ...
Interest Rates To Rise SixfoldOnce again The Daily Stirrer says, "We told you so.
Death Of The Eurozone.When the first treaty aimed at establishing the European Union was drafted by the bureaucrat Jean Monnet it stated clearly the aim should be to create a single European state with a single currency (the Euro) and eventually a single government. That part of the reaty was rejected by all European states and an economic community based on free trade and fee movenent of goods and labour formed. But the Eurocrats of Brussels did not give up their dream
RogernomicsIt was the belief of economists (practicioners of the dismal science) in their own infallibility and the power of their mathematical models to override nature that got the world into its currect economic mess. Rogernomics is the science of blaming the previous government when the predictions of the mathematical models go horribly wrong..
Obama Deficit ReductionWe hear that America's AAA credit rating is likely to be downgraded because the Obama administration has embarked on a courseof increasing its public sector deficit and national debt rather than taking steps to reduce its debt burden. Bit at least some member of the Obama administration seem to have got the message that debt reduction is more important than Obie's beloved vanity projects.
Papering Over The G20 Cracks Will Not Avert A Currency War.The G20 leaders can pass all the resolutions they like and issue joint statements ''til the cows come home, the fact is we have a currency war and until the United States, owner of the world's reserve currency, the US Dollar stops trying to reduce its debt by devaluing the currency the world trades in and starts to work on getting its deficit under ...
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Obama Takes A Swipe At ChinaUS president Barack Obama took a swipe at China's currency policy after G20 leaders failed to resolve tensions running high over global trade imbalances. The summit in South Korea ended as it began, the row over gaps and surpluses which sees China accused of keeping the yuan artificially low to boost its exports at the expense of American and European jobs dominated discussions .
Chinese Credit Agency Downgrades U.S. BondsOne of China’s leading credit rating agencies has downgraded United States of America government debt in response to what it sees as deliberate devaluation of the dollar by quantitative easing and other means. If China, now the second biggest economy in the world, stops buying US government bonds this could have a very negative effect on…
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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Updated : Fri, 22 May 2015 10:50:51 GMT
Britain's Andy Murray will play a qualifier at the French Open while Heather Watson will face France's Mathilde Johansson.
Publ.Date : Fri, 22 May 2015 10:49:33 GMT
The label of a parcel destined for an officer on the ill-fated Titanic is up for auction.
Publ.Date : Fri, 22 May 2015 00:02:43 GMT
Ireland, Iceland and Switzerland fail to qualify for the final of the Eurovision Song Contest after the second semi-final in Vienna.
Publ.Date : Fri, 22 May 2015 07:33:56 GMT
The BBC's Aidan Lewis looks at what is known about the structure of Islamic State (IS) and how the jihadist group is run.
Publ.Date : Thu, 21 May 2015 23:48:46 GMT
Paris St-Germain defender David Luiz accuses the media of a lack of respect after dismissing reports he is a virgin.
Publ.Date : Fri, 22 May 2015 09:58:35 GMT
The number of babies subject to special guardianship orders in England has tripled in two years, according to data obtained by the BBC - while adoption rates have been falling.
Publ.Date : Fri, 22 May 2015 10:42:57 GMT
A measure of the quality of jobs done by workers in the UK has fallen slightly for the first time.
Publ.Date : Fri, 22 May 2015 10:13:54 GMT
Rory McIlroy, six strokes behind leader Francesco Molinari, admits to getting "angry" at the PGA Championship.
Publ.Date : Fri, 22 May 2015 09:32:19 GMT
In a move likely to be popular with London's black cab drivers, Boris Johnson is backing laws which could restrict growth of the taxi app Uber.
Publ.Date : Fri, 22 May 2015 07:43:22 GMT
Images of the destruction wreaked on Nepal's Kathmandu valley landmarks by Saturday's deadly earthquake.
Publ.Date : Mon, 27 Apr 2015 17:51:37 GMT
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Google has managed to boost its revenues by billions of dollars this year by attacking thousands of smaller businesses who make money from affiliate programs. It does this by deliberately favoring large brands in its search results. "This war is largely secret because very few people understand this shift. Google manages to deflect attention through publicity about projects such as Google+, or its self-driven cars â€” none of which are ...
Lutfer Rahman, Eletoral Fradudster - Labout Can't Live With Him But They Can't Live Without Him
Honorouable and decent members (ahem!) of the Labour National Executive Committee leaped to the defence of Lutfer Rahman, elected mayor of Tower Hamlets who was recently convicted of electoral fraud and a host of other crimes related to electoral fraud. Their evidence of his innocence, "he's a mulim", he has dark skin", people who oppose him are racists.
US Senator Warns America Against Potentially Disastrous Obama Trade Deal
US Senator Jeff Sessionsis ringing alarm bells, warning colleagues and the public about the dangers to democracy, individual liberty, jobs and the health of the nationsl economy possed by the Obama Administration's flaggship policies, the free trade deals, Trade Promotion Authority (TPA), Trans-Pacific Partnership (TPP), TTIP (Trans Atlantic Trade and Investment Partnership and TISA tradedeals.
He's Not The Messiah, His Name Is Edymandias - Miliband's slab stunt goes down like a Lead Balloon
Only two days campaigning left before polls open for the 2015 general election. Who will win? Opinion Poll show no conclusive trends. But inside information tells us the reason conservative Prime Minister David Cameron has a smile on his face as the campaigning draws to a close. Farage is radiant, clegg liooks chirpy, only Ed Milband is down in the dumps.
Mediterranean Immigrant Crisis - EU plays politics with lives
The story of the migrants trying to cross the Mediterranean from the coast of north Africa to Italy is a humanitarian crisis. But when the British government offered Royal Navy ships to help with rescue operations and in bringing to justice the ruthless criminals who take exhorbitant feees then put hundreds of lives at risk by herding their clients onto unseaworthy, overloaded boats, European Union officials started to attach political conditions to UK help
EU Accused of Using Migrant Boat Crisis to Further Integration
The unelected bureaucrats who run EU stand accused of cynically exploiting the Mediterranean boat people crisis to further itâ€™s European integration program that will result in the national sovereignty of 28 ~(and growing) member states being abolished as they are amalgamated into a single federal superstate.
House battery to store energy will 'change entire infrastructure of the world' - or maybe not
House battery to store energy will 'change entire infrastructure of the world' - or maybe not
Another costly new product hailed as a breakthough in technology, this time a clutching-at-straws exercise from the failing electric car company Tesla, completely fails to live up to the hype under scrutiny. Hailed as a super battery, a mjor advance in battery technology that will change the world to store power for a household, it turns out to be nothing more than a streamined car battery. It will run the average home for about 2 hours.
EU and US talk of war with Russia
The European Peopleâ€™s Party (EPP) is the largest political group in the European Parliament, and they are unerringly supportive of America's efforts to start a war with Russia. â€œThe time of talk and persuasion with Russia is over," MEP and Vice-President of the EPP told a meeting on Tuesday, 21 April, â€œNow itâ€™s time for a tough policy, and concentration on defence and security ...â€
How Mainstream Media And The Major Political Parties Are Making Sure Voters Do not Hear The Voices Of Politics' Most Powerful Critics
As the General Election campaign starts to heat up, we try to shift focus away from the squabbling between Conservative and Labour about who can make the most promises they have no intention of keeping and to the real issues concerning jobs, social breakdown , mass immigration, and loss of national sovereignty.
Tony Blair under pressure to come clean over Labour minister child sex abuse cover-up
Pressure mounted on Tony Blair tonight to answer questions over the Mirrorâ€™s revelations that a child sex abuse probe was axed after a minister in his government was named as a suspect. MPs joined forces with a victim of abuse to call on the former Prime Minister to reveal if he knew about the alleged cover up or of any allegations against the politician.
Multi-Cultural England: Are You Feeling The Progressive Diversity That's Enriching Your Life
Visit some parts of most British cities with large immigrant populations and you will be hard pressed to recognize it, certainly my granparents would struggle to recognize the towns they knew. Appeasement of foreigners has destroyed the character of our communities but as usual the political left advise solving the problem by doing over again the things that caused it.
Europe is waking up to the threat of globalism and the Transatlantic Partnership
Massive protests in Europe, an issue that unites the bitterly hostile right and left wing politiucal factions in the USA, the Trans Altantic Trade And Investment Partnership (TTIP) must be something quite special. The Daily Stirrer believes it is a corporate power grab, a bid to transfer the lawmaking systems of sovereign nations to bureucrats and corporate lawyers. Learn more below ...
Labour Scourge Of Tax Avoiders Is A Tax Dodger? WTF is going on?
We have often made points about the hypocroisy of the left, particularly those lefties, but surely Margaret Hodge (nee Oppenheim - the diamond people) is the undisputed champ of left wing hypocrites. As a senior Labour MP Margaret was always eager to condemn tax avoidance. Unfortunately like most self righteous Labour millionaires she did not practice what she preached.
The Immigration Problem (part 1)
As Britain, its voters divided between pragmatism and politically correct thinking, heads for political chaos in an election likely to produce and inconclusive result, the big issue that none of the established parties want to talk about looks set to dominate the political debate through the next government's term in office.
The Baltimore Riots: The Verdict Of Baseball Team The Orioles Owner's Son
In the wake of violent protests that left eastern USA port city Baltimore in flames and were triggered by the funeral of Freddie Gray who died after sustaining a spinal injury while being taken into policy custody, American politicians and media commentators are struggling to explain to the public how the events of Monday evening could happen in twenty - first century America.
Labour's NHS Privatization By Stealth PFI Deals Are Killing Hospital Patients
It is really gobsmacking to see every day, Labour supporters blaiming the Conservatives and Lib Dems for the NHS cisis and accusing UKIP of wanting to privatize the NHS,, when in reality UKIP, the only party whose leaders have real world business experience, are the only party that can or even wish to save the NHS. Get wise to LabLibCon corporate piracy.
Massive Protests In Europe Against TTIP - Mainstream Media Blackout
If you read us here, at Boggart Blog or The Daily Stirrer, or is you are among the growing number of people who turn to alternative media to find out what's really going on in the world, you are most likely aware of the 'free' trade deals, TTIP, TISA, and TPP being negotiated in secret, behind closed doors.
How To Help The Poor - A look at how mainstream politics talks of fairness but penalises poverty
All three mainstream parties in the May 2015 General Election are focusing, as they did last time, on fairness, equality and helping 'the poor'. As their senior spokesmen piously pontificate there will be no trace of irony from either Conservative, Labour or Liberal Democrat while the spout such bollocks, even though they know their economic policies will penalise the poor.
SNP: Scottish Nazi Party?
Do you really want a bunch of creepy authoritarians like this pulling Ed Miliband's strings in a Labour - SNP power sharing deal?
I've been trying to warn you for years but would you tech heads and science heads listen?
A facebook friend, Mary Bladley McCaulay writes: Now I know for sure Google earth is following me. Went to the Dentist in Mufreesboro this AM. When I got back to my sons house and got online with my Kindle, first thing I saw was a Dental ad.
PayPal Asserts Copyright Ownership Over All Intellectual Property of its Users
The update comes in the aftermath of the announcement that eBay and PayPalwill split apartinto two separate companies. Under the heading â€œIntellectual Property,â€ PayPal announcesthat it is introducing a new paragraph to its agreement, effective July 1, 2015, that will allow the company to â€œuse content that you post for publication using the Servicesâ€.
Poldark female star: Obsession with topless Aidan Turner is 'sexist and undermines the show'
The latest outburst has come in response to a few tabloid stories of actor Aidan Turner's 'topless' appearances in the BBC television series Poldark. The screeching sisters can't really complain about male chauvinism as it is women who are lusting for Ross Poldark. So the ladies (?) are upset because they can't go topless too.
BBC scandal â€“ Breast beating, politically correct broadcaster has links to gangters, banksters and the arms trade
As news leaks out from the inner sanctums of the BBC about cronyism and corruption in the corporations management structure, people are starting to wonder if the Clarkson fiasco was engineered to deflect attention from the way the BBC has been infiltrated by corporate business, and the linked issue of political bias in its news coverage of the election campaign.
After TTIP Signed, Corporate Sovereignty Will Trump National Laws
News on the anti democracy, anti - sovereignty, corporate friendly TTIP and its sibling TPP, TISA, TAFTA and other treaties that change the meaning of the phrase 'free trade' to mean corporate businesses are free to do as they like without having to consider tedious civil rights, environmental protection and consumer protection laws.
Who Granted The GMO Evangelists The Monopoly On Compassion?
According to the warped world view of pro-GMO individual Paul Evans, who appears to be associated with the â€˜allow golden riceâ€™ website and the â€˜Galileo Movementâ€™. I happened to respond by raising some of the issues set out below in the hope of having some kind of informed, reasonable debate. With hindsight, there was little chance of that happening.
Californiaâ€™s Mandatory Vaccinations Bill: Big Pharma Lobbyists Call the Shots, Community Opposition Ignored
After the historic outpouring of families to halt the passing of SB-277 last Wednesday in California, information has now been made public to further put into question the billâ€™s credibility. After passing the Sacramento Health Committee vote, the bill was delayed as committee chair Senator Carol Liu wisely told the billâ€™s author Richard Pan â€œIf I were you, I would not take a vote today.â€
Could Corrupt EU-US 'Free Trade' Deal Be Extended To Israel?
There are many reasons to oppose the planned Transatlantic Trade and Investment Partnership (TTIP), not least because references to 'free' in the text of leaked drafts does not refer to freedom in any conventional sense but to giving global corporations the ability to operate outside the jurisdiction of sovereign governments and override national law.
The Mediterranean Boat People Crisis - How Does Europe Deal With The Mediterranean Migrant Crisis
The numbers of migrants trying to cross from the Libya on the coast of north Africa to one of the EU's southern nations is increasing. Europe's impoverished southern nations can't cope. And in the better off nations of northern Europe immigration is a toxic issue which is fuelling the rise of anti EU parties from France to Finnland in the north and Hungary in the east. What can be done?
It Starts At The Finnish
Conservative, Euro-sceptic party True Finns (PS) have come second in a national election in Finland. They may now be asked to join a ruling coalition with the liberal, anti EU Centrist Party which knocked pro-Europe, pro-federalisation conservative party off the top spot.
If Sturgeon Is Jerking Miliband's Strings, Who Will Be Prime Minister
Since the second division leaders' debate last week, The SNP's Nicola Sturgeon has been leading the news every day. With Labour facing wipeout by the nationalists in Scotland, the possibility of a Labour / SNP coalition along the lines of the Conservative / Lib Dem coalition that has governed since 2010 has become the obsession of the media.
Leaked EU - TTIP document: Destruction of Democracy planned
A new leaked European Commission proposal which if implemented would form part of the EU-US Transatlantic Trade and Investment Partnership (TTIP) treaty currently being negotiated in secret between Brussels and Washington, EU member state legislative proposals will be subjected to vetting by corporate lawyers for potential impacts on private business interests first.
Self-Loathing Sweden Should Only Welcome Persecuted Immigrants, Instead They Invite The Persecutors Too.
We have covered immigration problems in Europe extensively, but the European country that demonstrates how wide the gap between ordinary people and the ruling eilte has become is Sweden where the politically correct governing coalition's immigration and social policies seem to indicate the elite are engaged in a genocide campaign against ethnic Swedes
The Greek "White Knight" Emerges: Putin To Give Athens â‚¬5 Billion For Advance Gas Pipeline Fees
With Greece teetering on the edge of insolvency and forced to raid pension and most other public funds, ahead of another month of heavy IMF repayments which has prompted even the ECB to speculate Greece should introduce a parallel "IOU" currency, a white knight has appeared out of nowhere for Greece,
The Public Interest to Protect Powerful Paedophiles
The Director of Public Prosecutions has decided that it would not be in the public interest to prosecute serial paedophile Greville Janner, for many years the leader of the Zionist lobby in the UK. I presume that his convenient senility is the reason for non-prosecution ...
Reasons Why This Pagan Will Not Vote Labour, Conservative Or Liberal Democrat.
As we prepare to vote in a General Election that we are told will change British Politucs forever, Ian looks at a choice of three main parties that basically offer the same set of globalist, multiculturalist policies and consideres which way a pagan should vote.
The Truth - Labour Privatized The NHS between 1997 and 2010, Now Their Toxic Policies Are Bankrupting It
In the run up to the 2015 UK General Election, and without doubt beyond, one of the great political controversies will focus on the future of the national Health Service (NHS). While most voters consider The Conservatives to be the party of private profit and thus consider Labour a better choice to look after the NHS, Labour has in fact done more, and more damagingly, to privateize health services
NHS executives 'earn Â£35 million in pay rises' despite funding crisis
While Labour, Lib Dem and Green politicians accused the Conservatives of starving the NHS of cash,and as many Hospital Trusts faced financial problems and having to cut back on standards of care given to patients, we are learning that NHS bosses awarded themselves over Â£35 million in pay rises during the worst financial year in the history of the service.
Germany Needs A Revolution, Anti-Islam Campaigner Tells PEGIDA Supporters in Dresden
Dresden, Germany heard controversial Dutch politician Geert Wilders address them last night, as the group rebuilds momentum ground after weathering vicious and untrue attacks from German mainstream media, and physical violence from the usual left wing rent-a-mob thugs who always turn out to deny the right of free speech to those who opposed their views.
Anti-Science â€“ The Church Of Scienceology's Latest Pejorative Term For People Who Think And Question.
We are not the only web site to take exception to accusations of being anti - science and all the other pejorative terms used by the Church Of Scienceology disciples to deflect criticism from independent minded people who are smart anough to ask Cui Bono? Which corporate business benefits.
Corporate Capitalism Has Replaced Democracy In Western Nations.
Although this is about the UK General Election in 2015 it has much wider relevance, concerning what is happening in the democratic societies of the developed nation. For that reason this look at how corporate capitalism is usurping democracy and individual freedom will also be relevant long after that election in May 2025.
World War Three? Kiev Reinvades Donbass, Deliberate Provocation Trashed Minsk Agreement
When America wants to provoke Russia it uses proxies, a rabble in Libya, Islamic fundamentalists in Syria and Iraq and neo - Nazi thugs in Ukraine. So far Russia has resisted the urge to kick Obama in the balls, but sooner or later the Russia - China - Iran alliance will respond.
Who Runs America? US Federal Trade Commission Takes Orders From Google
Barak Obama runs America surely, you might well be thinking. We would argue that no US President since Eisenhower has truly run the USA. But the latest revelation of how cosy the Obama Administration has become with corporate business, to the extent that government departments are taking instruction from Google will shock even the most cynical Americans
Rhodes Statue Defaced As South Africa Slides Back Into Primitive Tribalism
A statue of colonial leader Cecil Rhodes at the University of Cape Town has been removed after students launched an uncompromising campaign to have the British explorer and businessman expunged from history. Protesters poured red paint on the bronze figure and danced on the plinth as the statue was lifted off on Friday.
Punish Climate Change Liars" Demands Climate Change Liar
Over the years my scepticism about global warming and attempts to initiate intellgent discussion of the dodgy science based on mathematical models that forms the basis of the Warmageddonist case, versus much less alarming projections based on data from real world observations haveearned me accusations of being a child murderer. Not only that, some of the lefties who support climate fascism have demanded the death penalty for people who disagree with them. And yet they think it unfair to punish certain child rapists and murderers. Hypocrites.
US Soldiers Forced To Sit Through P C 'White Privilege Presentation. Not Happy Bunnies
The U.S. Army is investigating an unauthorized diversity training presentation on â€œwhite privilegeâ€ shown to hundreds of Georgia soldiers, USA Today reported, citing an Army spokeswoman. The Equal Opportunity training presentation was shown to about 400 soldiers of the 67th Signal Battalion at Fort Gordon on Thursday, according to Captain Lindsay Roman.
Britain's Racist Future: Labour Set To Throw Selection On Merit Out The Window
With four weeks to go until a General Election that could change the face of Britain forever, the Labour Party, which hopes to be elected to govern this great and proud nation, has unveiled a set of policies that would make minorities into privileged castes and relegate the white Working and middle classes to the status of second class citizens. Could you vote for a party that hates your country, your party and YOU?
Now We Know Why Huge TPP Trade Deal Is Kept Secret From the Public
A key section of the secret Trans-Pacific Partnership (TPP) trade agreement has been leaked to the public. The New York Times has a major story on the contents of the leaked chapter, and it's as bad as many of us feared. Now we know why the corporations and the Obama administration want the TPP, a huge "trade" agreement being negotiated between the United States and 11 other countries, kept secret from the public until it's too late to stop it.
Judge Cuts 20 Year Old's Rape Sentence By 15 Years Because 'He Did Not Mean To Hurt 3-Year-Old Victim
It could only happen in the land of politically correct twattery of course, while here in the UK Labour Party supporters and the Islington Screechers corps wail and gnash their teeth over the fact that pedophiles are denied fulfillment and must be given the right to fuck four year olds, in California the judiciary are acting to rectify the situation ...
Teacher Forced To Resign For 'Sharing' Material Critical Of Obama And His Beloved Muslim Terrorists
The supporters of the wannabe King of the American Empire like to describe themselves as 'liberal', 'progressive', and left wing. If they were really any of those things they would not be as fanatically committed to the idea of suppressing free speech as they are.
US Presidents Of The Past warned Against Secret, Shadow Government.
By now it should be obvious that peacemake, joybringer and putative aquatic pedestrian Barack Hussein Obama was never really in charge of the US Government. Whatever Obama said would happen, all the American government's policies ensured the opposit would happen. The embedded article thows some light on how the US government really works
Google Meets White House Officials Every Week Why?
... Given the close relationship the company has with the Obama administration, an administration which has shown itself to be severely "truth challenged," in its dealings with the public, this is of some concern.
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Indiana pizza shop closes after anti-gay marriage comments; donations pour in
An Indiana pizza shop ownerâ€™s anti-gay marriage stance is paying off. Online supporters donated more than $33,000 in three hours to Memories Pizza after the pie makerâ€™s controversial pledge not to cater same-sex weddings spawned a wave of criticism.