Tag Archives: CDA

Yay or Nay

There is no escaping the EU elections, the issues are large and the anger in Europe is equally sizeable. In France Marine Le Pen has the lead with a little comfort, but not much. Still Macron got initially defeated (at https://www.independent.co.uk/news/uk/politics/europe-election-results-france-marine-le-pen-macron-national-front-rally-latest-a8931361.html).

So even as National Rally is ahead by a fair bit with 24%, it is only 1.5% ahead which is comfortable but by no means a done deal at present. With “even slightly down on what the National Front won in 2014 – meaning the party has made little progress on previous years against an unpopular president” we see that Marine Le Pen is not set in stone, she will need powerful allies in the EU to get anything done and as we learn that “the Danish People’s Party and AfD have stood still or fallen back” it implies that she is already two allies down, and as we also see that at present the Europe of Freedom and Direct Democracy (led by Nigel Farage) only has 54 seats (7.2%), and in all this her Dutch allies fall short by a lot, there the reversion to the old parties is remarkable, it is there that we see that the Forum for Democracy (Thierry Baudet) is seen as the joke it needs to be seen as. Although having 11% and the Dutch PVV (4.1%) shows that Geert Wilders is pretty much done for. Dutch Labour took 18%, with the classical parties VVD (15%) and CDA (12.3%) together they are taking a little over 45%, when they get the Greens on board, the majority is a fact and the other two are out of consideration. The independent also shines light on something I noticed earlier in Australia. It seems that the Greens and their choices are having an impact on Global scales. The Green parties have made remarkable strides in the Netherlands (Groen Links), the Greens in the UK and in France (Europe Eologie-Les Verts) are now a European force to be reckoned with, a shift I actually never expected. As we see that in several places their growth is almost everywhere (where it matters that is) is a 10% growth, it requires us to look into it, these are the voices of the people and even as I am a Brexiteer, I will not ignore the Green view when it grows that fast. I have always given support and specifics on why I am a Brexiteer and I understand that plenty of people have another view, so when we see such a shift it is important to examine the optional why. I refuse to give in to some ‘voting fraud’ BS story. Yes, there will be voting fraud, but the optional 322 fraudulent votes do not add up in a place where 675 million people are eligible to vote. Only a complete fool will set weight to 0.000477% to invalidate any election (I guess that there is a chance that Dutch Thierry Baudet will do just that soon enough).

I am actually willing to speculate that for every Brexiteer there is a person who thought that Brexit was too extreme and pushed towards Greens, other opposed UKIP and went LibDem (a wisdom that is definitely debatable), which is my personal sense of humour that is kicking in. I made notice on this in the last election. I wrote about that in ‘On the purple side‘ (at https://lawlordtobe.com/2017/05/26/on-the-purple-side/) in May 2017. When I dug into the numbers that the Guardian had, I noticed that “a lot of UKIP and Labour are too uncomfortable with the conservative view“, The numbers showed that the shift when Tories were number one, that the growth went to either Ukip or LibDems and they were almost always mutually exclusive, Where LibDems ‘ruled’ there was a diminished Ukip and vice versa, which was an interesting side to see. I believe that this trend has continued, which is why the LibDems surpassed Labor, Greens and Tories, for a lot Brexit was too extreme and they went LibDem instead. How this will work out in the next national election remains to be seen. In this case it will depend on what the Brexit party actually achieves and so far the EU elections do not give them too much to work with. Nigel might have Marine Le Pen in his corner, but with the Dutch, Danes and Germans absent in this, they lack the seats to get anything concrete done, which would have been essential if the Brexit party would be growing a national impact. On the plus side Jeremy Corbyn got kicked out of London, so there is still another reason to party and when we are confronted with that result we see a reason to have a milestone party, even if that milestone has a LibDem flag firmly planted on it.

We cannot tell what Vince Cable will do next, but today he gets to party, he has earned it and he should. It has been a while since any political leader went out on a high note, just ask Theresa May, and as I see it the win for the LibDem will be the hardest challenge for whomever succeeds Vince, keeping the votes will be a large task, even as Jeremy and Theresa are on the way out (Jeremy Corbyn is in denial of that part for now by his intent to be monitoring workplace humour), their infighting implies that either party will not be out for LibDem blood, but that might not be for as long as the LibDems hope for.

In the meantime just to appease Jeremy Corbyn: ‘How many managers does it take to change a lightbulb? None, they are not qualified‘, monitor that Mr Corbyn!

In recognition

So if I am such a Brexit fan, why am I not angry at the defeat? I believe in democracy, if Bremain would have initially won, I could have lived with it, because we are all for the most democracies (except Turkey at present). The issue was that the Bremain groups were complacent, ignoring the danger, and when they lost the fear mongering began. I will revisit certain articles form then and highlight the big business connections whenever possible. The EU facilitates to big business, only the delusional highlight laws and proclaim that the butcher and grocer at the corner benefits. It all benefits the Tesco’s and large providers, it makes the multi-millionaires and billionaires richer, the rest still end up with a diminished quality of life and for them the EU has had a close to zero impact, but they all share in three trillion in debt that the ECB hands over and the chosen (not elected) individuals walk away with enough coin to live in luxury for the rest of their life. That was the biggest issue and so far no serious attempt has been made to cull that problem. Earlier this month when the Irish Examiner (at https://www.irishexaminer.com/breakingnews/views/ourview/pay-for-meps-time-to-halt-the-gravy-train-922371.html) to the small fact of “outgoing Cork MEP Brian Crowley — whose health condition has prevented him from attending the parliament since the last election, in 2014 — will be entitled to severance payments of more than €350,000 and a €1.4m pension package“, so basically the man has not done his job (for 5 years) and gets a £1,541,000 package? Most people have to take a medical to proof that they are good enough to work in a bar at £7.90 an hour, as such, when you are in denial regarding the gravy train, think again. It is one of the larger supporting reasons to be on the Brexit side. A group of people who basically cost a lot and in the end do not bring that much to the table. And it is not merely their income; it is all the extra facilitation and expenses that are the much larger problem, an issue that the Guardian (at https://www.theguardian.com/world/2018/sep/25/mep-expenses-eu-court-ruling) gave some visibility to. So when we see: “Details of MEPs’ €4,416-a-month expenses to remain secret“, whilst the larger issue is seen when we consider that besides that part, there is also: “Members of the European parliament are paid €8,611.31 (£7,705) a month in gross salary, plus pension. On leaving the parliament they receive a golden parachute, a transition allowance worth up to €206,664, depending on length of service“, which makes partial sense to some degree, yet a ‘transition allowance?‘ We usually get fired or we’re on a contract with a known end date, for a European MEP that is optionally the next election. And it is not one, it is a setting of 751 members and to some degree their staff will also be offered some expenses (which is fair enough).

So when you consider where your money went (besides the unacceptable 3 trillion in debt from the ECB, there you have it and the entire EU gets to pay for all that, so how useful is the EU for non-huge corporations in the end? I accept that there is a positive part in the EU, but it is one that comes at too high a price and that should have been central, but it is ignored to a much larger extent and now that the election are over and the new wave of keep the EU intact continues, yet even as we all bitch on expenses and nothing is done, I feel that Brexit was the only option, I wonder if it will ever actually happen and if we are on the final nose length to enable Brexit what false promises will we see from Brussels and what will actually be done about it all.

I am not optimistic at present, and I have every reason not to be optimistic any day soon.

 

Leave a comment

Filed under Media, Politics

Batches of three days

After a Law conference of three days and a case of the flu, it is time to get back into the saddle. For the speculative people amongst you, I needed 8 boxes of tissues, so if you invested in Kleenex, their forecast is very expected to be up, so you are all good! There are a few things to deal with, but let’s get into the deep end, with ‘Trump cabinet appointments will ‘undo decades of progress’, rights activists say‘ (at https://www.theguardian.com/us-news/2016/nov/18/trump-cabinet-appointments-sessions-pompeo-flynn). Yes, from their point of view that might be, but you do not get to cry wolf over Syria, whilst leaving a pussy to deal with the situation. This is now a Republican administration and as such, there will be a change of hearts, minds and a few tactical directions. The first one to look at, director Pompeo is an interesting choice. He has earned his stripes in several events. A thorn in Clinton’s Benghazi disaster and a member of the Tea Party. However, this is not same Jasmine flavoured variety, this member from Kansas is more like gunpowder tea. An acquired taste that is likely to turn a few stomachs in Iran. As I see it, one of the most likely to receive a high Israeli award for keeping them safe from Iran’s bile as some would quote it. My issue has always been no matter how liberal this elected official is, we have seen that the next elections could bring another Ahmadinejad, not something anyone is waiting for.

But let’s get back to nominated director Mikey. The one part that was part of the Wichita Eagle (link lost) was that Mike Pompeo predicted a new energy bill would cost millions of jobs and make the United States a net food importer. There are two sides to all this, the first the energy part. There are too many question marks (apart of the change to make it realistic), the net food importer is another matter, and it also drives at the core of national security. You see, NAFTA, opened up a whole range of options in regards to the trade with Mexico and overall there is a benefit, yet when we realise that this opens up regional security options (as stated by s Col. Michael Dziedzic, USAF), we see that in light of multiple sources stating that the Mexican Cartels have been assisting ISIS members to get into the US to explore targets. The fact that ISIS sleeper cells are reported by a few sources to be close to the US border gives cause to consider certain new avenues for the CIA to consider. That is, if they aren’t already doing that, because we can all agree that yours truly isn’t being kept up to date by Langley for reasons that need no clarification.

The Wichita Eagle also gives us: “Pompeo ended up co-authoring a separate report from the main committee investigation, which accused former U.S. Secretary of State Hillary Clinton, the 2016 Democratic nominee for president, of downplaying the attack to boost President Obama’s re-election efforts” (at http://www.kansas.com/news/politics-government/article115756373.html), which is only half the truth I reckon. I mentioned earlier that the intensely wrong acts by people in the US Department of State in 2012 was centre in all this and the events since have only shown that they were utterly negligent in several ways (not only the office of State Secretary Clinton), the downplay has been beyond that office and as such left too many concerns, especially when you do not react strongly to such an event, should you be considered President of the United States?

I reckon that once confirmed, Mike Pompeo might be one of the strongest members of the Trump government and could possibly be one of the better CIA directors of these last three administrations, which is speculative, and time will tell. Jeff Sessions is another interesting pick, although the President elect could have taken several extreme options, which in light of following Eric Holder, the only cabinet member in history to be held in contempt of congress (there will always be a first one), the President Elect had a few options, yet those were basically taken off the table when Loretta Elizabeth Lynch, the 83rd United States Attorney General decided

On June 27, 2016, Lynch and former President Bill Clinton met privately aboard Lynch’s Justice Department jet which was parked on the tarmac in Phoenix. ABC15 Phoenix reporter Christopher Sign broke the story on June 29, citing unnamed sources. (at http://www.abc15.com/news/region-phoenix-metro/central-phoenix/loretta-lynch-bill-clinton-meet-privately-in-phoenix), in light of Benghazi, when we see the quote ““Our conversation was a great deal about grandchildren, it was primarily social about our travels and he mentioned golf he played in Phoenix,” said Lynch Tuesday afternoon while speaking at the Phoenix Police Department“, now we can agree that if you have 35 things to do before lunch, having a social meeting on the tarmac of an airport in a jet is rather odd, to say the least. It is true that it might not have been about Benghazi, it might have been about future careers, yet the event on the tarmac and not in some closed of 1st class business lounge implies that this was about deniability, not something that is required when Golf is on the menu of conversation. The image of Benghazi remains, whether just of unjust, when you decide to do a Deep Throat (read: Woodward, Bernstein & Washington Post), you set yourself up for all kinds of gossip.

So when we see Jefferson Beauregard Sessions III, a former senator of Alabama, we have to wonder what America will get this time. The media is already all over it. The Guardian stated: “The hawkish trio have made inflammatory statements about race relations, immigration, Islam and the use of torture, and signal a provocative shift of the national security apparatus to the right“, the subsequent quote is “For liberals they appeared to confirm some of their darkest fears about the incoming Trump administration“. To them I have this message. ‘Over a period of 8 years, this administration has done absolutely nothing to reign in corporate accountability, the financial sector can go its own sweet way and this American administration turned 180 degrees around on corporate taxation. Their acts, together with the IMF is why Brexit is now a fact and is also still the driving force for Frexit. Those who are now fear mongering in the direction of France better realise that a second bad estimate (like Brexit) will be regarded as clear evidence to dismiss their services’. Columbia Threadneedle was quoted in Reuters on what a catastrophe it will be. Yet, who would it be disastrous for? The quote “Mark Burgess, chief investment officer for the firm in EMEA, said that unlike the positive or even ambiguous market reaction to the British vote on an EU exit or Donald Trump’s win last week, a win for avowedly anti-euro, anti-EU party in one of the many euro zone elections next year could spell disaster for the still-undercapitalized European banks“, the banks have had more than enough time to get their affairs in order. We have seen bail-out after bail-out and we have been all subject to a large loss of quality of life, whilst the financial sector played and gambled living on incomes that most people have never seen, not even before the financial crash. This has driven anti-European Union sentiments. The sentiment of all talk and no achievements, no forward momentum for anyone but the large corporations. This is what the Democratic Party left America with, no real future and a 20 trillion dollar debt. It is now up to the Republican Party whether they can return the USA towards a status of less debt and a healthy economy. This will take a years to achieve, but no matter how far it is taken, America seems to realise that the party is over, they only have themselves to blame on how they got to this point.

So how did I get from these three to Frexit and Greed? Let’s face it, the President-elect is part of a system of greed and Frexit is pretty much next on the agenda. All those ignorant economists and media that have been ignoring these events for over two years, all with comments on how this was never a reality now have faced Brexit and after that, they played anti-republican for 8 years, they now see their options cancelled and they are left in the dark regarding events in the White House. How many wrong predictions does it take for the media to realise that reporting is not the same as speculative empowering?

As the world is now setting the stage of how the first three picks of the President-elect is to be regarded. We need to realise that the world is a lot larger than America and our choices are indeed diminishing when we side with only one group of governing people. For those who seem to be focused on how bad this upcoming president will be, perhaps we need to take a look at a little place like Syria and how this current administration has not achieved anything at all. With bombings increasing and the Non-Assad supporting Syrian population getting closer to zero, we need to ask questions that no one is asking and even less are willing to answer.

The last part in all this is the IMF, as mentioned before. When we see the Australian, we get: “The IMF has given powerful backing to Labor’s call for a crackdown on negative gearing saying Australia’s tax rules are encouraging people to take on too much debt to invest in the housing market, pushing prices higher. The IMF’s annual mission to Australia has also criticised the Turnbull government’s May budget, saying it is trying to narrow the budget deficit too rapidly and risks hurting the economy.” Can anyone please explain what the fuck (pardon my French), the IMF is doing telling a sovereign nation on how we prefer not to be in deep debt and that is not OK with them? Consider in what state the debt driven economies are when it can be endangered by one economy removing its deficit. Consider on how many papers have given proper attention to debt driven economy (read: meaning almost none have done so, apart from those ridiculing the issue), this in light of the IMF quote in the Australian “The IMF says the government has been right to allow deficits to blow out over the past few years, saying the shortfalls have been mainly due to weak revenue, not excessive spending. The fund suggests that if the government spend more on infrastructure, it would generate enough economic growth that there should be little impact on the ratio of debt to GDP“, we need to wonder on how we were all kept in the dark when the media at large ignored calls for clarity, when we were (as I see it) intentionally misinformed, now we see that ‘right to allow deficits to blow out‘, which was never OK, even as Australia is getting out of that dark valley, other nations are still fighting their own battles. This is one of the driving sides to France, who have been pushed into a $2.4 trillion dollar debt. Perhaps President Hollande will have the same excuse that it was ‘mainly due to weak revenue‘, so the French people get to live with consequence of the IMF driven ‘equalising’ of debt. Now this last part is purely speculative from my side, yet how wrong is my train of thought? And as other nations realise that these debts are orchestration and the governments refused to tighten belts, spend irresponsibly regarding the need of other nations, keeping debt at a maximum. How do you think people will react when they realise that irresponsible behaviour will keep their quality of life down, perhaps for more than one lifetime? Are you still wondering whether Frexit will happen, or are you realising that Frexit not happening is no longer being considered?

Now, events differ from nation per nation, yet there is clear evidence that nations have been overspending for well over a decade and none had the idea to tighten the belt (except Germany in 2009). This is how Europeans feel and all this to enable big business, whilst they get more and more deals offered. This is the setting in which President elect Trump finds himself. The three nominations are not part of any of it, but they give rise to the question, who will be the elected officials in the departments, of State, Interior and Commerce, these three subsequent nominations will be at the core of what will happen next. No matter what the pressures are for the upcoming American Administration, they will be at the core of events that will take centre stage in 2017 and 2018. So many eyes, not just in America will be on those nominated for these three fields. We will have more and more questions, we only need to await the first results.

In that light we get to look at some of the issues I predicted two years ago. Last Saturday I got the Quote “European leaders have come to a 27-nation consensus that a “hard Brexit” is likely to be the only way to see off future populist insurgencies, which could lead to the break-up of the European Union” (at https://www.theguardian.com/politics/2016/nov/19/europes-leaders-force-uk-hard-brexit-farage-le-pen). The subtitle gives us even more ‘Fears grow about impact of populist surge as Nigel Farage predicts Marine Le Pen could win French presidential election’. I got there a year earlier, even now there is still some doubt as Sarkozy is making an about turn move on French National issues, yet Marine Le Pen remains a contender. Slightly stronger than before Trump got elected and there is where the issue for Europe now resides. Their indecisiveness in certain matters is driving people towards nationalism, with President elect Trump now approaching office, those issues will polarise and the shift will move stronger towards the right. The additional quote: “The latest intervention by Farage will only serve to fuel fears in Europe that anti-EU movements have acquired a dangerous momentum in countries such as France and the Netherlands, following the precedent set by the Brexit vote”, is one that is not correct as I see it. You see, Brexit was always a risk, yet those working behind the screens were so intent on the Status Quo that they forgot sight of the effects of the actions that they caused, Greece being the first and strongest elements. By trying to hang onto a non-realistic 300 billion, they now stand to lose 14.5 trillion, you tell me how stupid this was. The Netherlands is not the strongest influencer and at present, the Dutch PVV might be strong, twice as many seats as the number three (CDA) and leading by merely 4 seats on number 2, the reality is that this party became the largest fast and as they were only regarded as something not to be taken serious, the size they are now does not warrant such consideration, they are the largest player. Yet in all this, the issue is that 150 seats are there and a majority requires 76 seats, which cannot be done without some coalition that will require the PVV. In this the PVV is the only clear anti-EU party. The example as given by me in ‘A noun of non-profit’ (at https://lawlordtobe.com/2013/05/15/a-noun-of-non-profit/), where I state: “Consider a large (really large) barge, that barge was kept in place by 4 strong anchors. UK, France, Germany and Italy. Yes, we to do know that most are in shabby state, yet, overall these nations are large, stable and democratic (that matters). They keep the Barge EU afloat in a stable place on the whimsy stormy sea called economy. If the UK walks away, then we have a new situation. None of the other nations have the size and strength of the anchor required and the EU now becomes a less stable place where the barge shifts. This will have consequences, but at present, the actual damage cannot be easily foreseen”, What I predicted on May 15th 2013 is not just coming to pass, finally others are admitting that this is the future, a future they kept you in the dark about, consider that when you realise that this had been known for some time. They played their ignorance and fear mongering game and those who have done so are now considering what one more bad prediction will bring them. I still believe that it required the second of four to truly collapse the EU barge, but that reality is now getting closer, with the Republican push we see, the chances for Marine Le Pen getting elected as President is now an actual reality. I knew that there was a chance just within France and as President Hollande failed again and again her chances increased, now with the Republican view of nationalism, the French view only enhances that view for themselves, enabling Marine Le Pen as a possible President of France. This links to Jefferson Beauregard Sessions III and his conservative views. He plucks the same chords on the musical loom of government as Marine Le Pen will when it comes to immigration. In that regard, the choices that still have to come will make even stronger impressions for European nations as they unite or dissent from that view. You see, we still need to realise that America is 20 trillion down, which implies that if Europe decides to exit hard for the second European nation (France most likely), the economic view for America changes, especially as it has been a net importer of food and a few other materials. It would need to strengthen ties with Canada and Mexico by a lot, allowing those two to get a better overall deal, increasing the cost of living for Americans. At this point, we see that Wilbur Ross is now the strong favourite for the Commerce position. It is CNN that gives us a quote, which seen in a different light implies the issue I had for a long time. The quotes “Pritzker strongly supported free trade, traveling to 38 countries over her tenure. She advocated clean energy partnerships and the Trans Pacific Partnership deal” as well as ““Free trade is like free lunch: There is no free lunch,” Ross told Lou Dobbs of Fox Business in August. “Somebody wins and somebody loses. And unfortunately, we’ve been losing with these stupid agreements that we’ve made””, Here we see that someone visited 38 countries, which sounds like an office paid world tour and we know that is NOT the case, but all that travelling must be nice. Following that, we see Wilbur Ross stating that there is no such thing as a free lunch. That we have all learned, many of us learned it the hard way and the TPP was a bad deal from the get go for several nations. These quoted came from CNN (at http://money.cnn.com/2016/11/20/investing/wilbur-ross-donald-trump/index.html) and are at the core of changes for commerce, which will reverberate in both the English and French minds as well. So 4 of the 6 main nominees are also powering the European Exit. I believe that one of them is in for quite the challenge. Michael Flynn is a veteran on several levels, as a retired General he knows the military and as former director of the DIA he knows the intelligence whip. Yet, the premise he faced will start to change dramatically in 2019, as such the America he will be the National Security Advisor for will have new challenges, some none have seen before. Time will tell how realistic those challenges are, yet we are already faced with the limitations of dealing with 4G and the next wave is now less than 365 days away. The funds needed for cyber security and cyber development were never forthcoming, giving nations at large new challenges and totally new issues in Criminal law. All fields untouched to the degree they needed to be. Another reason why W. Ross and J.B. Sessions need to sit down sooner rather than later. In that regard, the UK needs to clearly revisit some of the protocols that never worked in the first place.

There are many changes coming towards us, some will drive others, some will just be met with complaints, and others will just drive the Democratic Party insane, which will be used to the entertainment of the media at large.

Leave a comment

Filed under Finance, Law, Media, Politics

Run Michael Run!

 

Our David met Goliath, ehh, I meant Brexit and took a dive. He did not slay the Brexit, but that in itself was no real reason to quit. Let’s face it, the people are losing more and more hope regarding the validity of a united Europe. The one issue that requires addressing is wholeheartedly ignored all over Europe. Now, we see all over Europe messages like “the spectre of a “Frexit” now hangs over France” (at http://www.irishtimes.com/news/world/europe/frexit-to-be-major-issue-in-french-2017-presidential-campaign-1.2703237). Which is not even the most important part. Nexit seems to have been avoided when we see “A narrow majority of 53 percent of Dutch voters are against holding a referendum on whether or not the Netherlands should stay in the European Union” (at http://www.nltimes.nl/2016/06/27/dutch-narrowly-nexit-70-low-educated-favor/), which is only marginally good for Europe. You see, the issue that drives these exits are not being dealt with. Frexit remains an issue as the majority in Fr4nace is now in Favour of a referendum, that majority is surpassing the 60% line. Nexit remains an issue as the far right party PVV is steering the same course as UKIP. Yet there is one difference here. The PVV is currently the largest party, it is actually larger than Dutch Labour (PvdA) and Dutch ‘conservatives’ (CDA) combined. The only part is that what might be regarded as ‘Dutch Liberal Democrats’ (VVD) is in second place and they can unite with either PvdA or CDA to stop the PVV party led by Geert Wilders. So when it comes to Nexit, there is a larger danger as PVV is all in favour and there is a lot of support within the constituency of the other parties too. Even as the media is ‘hiding’ it behind the fact that low educated people are in favour of leaving the EU, the truth is that most politicians are too cowardly to speak out against the gross overspending of Mario Draghi in addition to most of these governments remaining unable to get their budgets in order. I personally regard this as the number one fear that people have. The next generation is handed a debt of too many trillions of Euros. Grexit is in no way the main reason, the wrong actions that have ruled a non-Grexit is the other reason people want out of the EU, but they do not seem to blame the Greeks, only the non-acts by all parties that should have decided to push Greece out of the EU and find a way outside of it to support growth and stabilisation. Now, that path is no longer realistic and the masses are all upset of non-actions.

These elements will all affect the UK. Even now as we see “Deutsche Bank AG is the riskiest financial institution in the world as a potential source of external shocks to the financial system, according to the International Monetary Fund” (at http://www.theaustralian.com.au/business/financial-services/deutsche-riskiest-bank-in-the-world-imf/news-story/4ed1043ffdf76cb26324b531dd0f3171), certain events that have not been properly dealt with will all hit the UK one way or another. Now that the German economy is getting a downgrade, which the IMF states is due to Brexit, but that is not entirely correct!

You see the quote “Britain is an important trade partner for Germany, and significant changes in the economic relationship between the two countries will have repercussions for Germany” is one we could have expected, yet the falsehood of it is also a given. You see Germany has every option to broker an immediate deal with the UK. But the banking powers are now all about ‘procedures‘ and ‘leaving the EU‘, which sounds correct, but let’s not forget that these parties have looked at an optional Grexit for 3 years, is it not weird that any EU exit is not properly addressed? When you consider that, then consider why we suddenly get these new Grexit fears, fears that are considering the voluntary need of an exit would be unfounded.

In this primordial mess we see Michael Gove moving towards the leadership!

This is where I am in favour of Michael Gove taking leadership. We can see in the first part that Boris Johnson has his own agenda, which could be fair enough, but it is important to unite all the conservatives for whatever comes next, it is my personal view that Boris Johnson will not be the man to get that done. In another light we could conclude that Theresa May would not be the right choice either. Her dealing in the Abu Qatada case is one. I raised a few issues in my article ‘Humanitarian Law v National security‘ (at https://lawlordtobe.com/2013/03/10/humanitarian-law-v-national-security/), in addition I will be the first one to state that this is not all on Theresa May and that the office of Dame Stella Rimington (MI-5) needs to take a truckload of the errors involved, his entry on a forged passport happened on her watch. For me the strongest issues were shown in 2014 (at https://www.theguardian.com/uk-news/2014/sep/02/theresa-may-political-correctness-rotherham-abuse), the Rotherham scandal left its mark, the entire matter as blamed on  “institutionalised political correctness” leaves us with a nasty aftertaste, the fact that too many sides that are non-prosecuted will stain (illogically and wrongfully) the coat of Theresa May and as such, she would not have the gravitas she would need to be a successful leader of the Conservative party.

Michael Gove gave himself a boost with the letter that the Independent printed. His 1500 word essay (at http://www.independent.co.uk/news/uk/politics/eu-referendum-michael-goves-full-statement-on-why-he-is-backing-brexit-a6886221.html) gave the people something to think about. I reckon that the well thought actions of Michael Gove, with the added distinction of Mark Carney could be what the UK needs to move forward faster. I believe that the indecisiveness of the other players outside of the UK will only give more strength to these two power players. The UK must move forward and the Conservatives are still governing. This is unlikely to change as Jeremy Corbyn is now contested as leader as we see Angela Eagle picking up the momentum to remove Jeremy Corbyn. As a conservative I will not mind, you see, whomever ends up in charge of Labour, the Conservatives will end up being in a better position either way, the division that these two players bring to the Labour party will be equally a blessing for Tim Farron, the Lib Dems could profit of this infighting in no small way. Tim Farron has in my view a few other issues to deal with, but those would shrink if he can grow his party fast enough.

This gets us back to my Conservative party, likely under leadership of Michael Gove. Unity is for all parties a need and there is a mess with Brexit to deal with, which is exactly why I think that Tim Farron’s call to undo Brexit is a lot more dangerous, especially as 3 nations are now considering and aiming to secede from the EU at present. Michael Gove is in my view the strongest runner for the conservatives at present. Yet, we must accept that there are a few flaws in that case. Even if we ignore the popularised expression ‘50 shades of Gove‘, we should not ignore the Financial Times (at http://www.ft.com/cms/s/0/ca079702-392d-11e6-9a05-82a9b15a8ee7.html#axzz4D3Y8IePA), where we see “a slogan without substance is a flimsy platform for future success“, which is true when it is just a slogan, a 1500 word essay is another matter. From that point of view, Michael Gove is pretty much the only contender left standing. The quote the FT has at the start “One thing has become clear over the course of the UK’s referendum campaign, and even clearer since the Brexit vote: no matter how you define leadership, this isn’t it” is equally matter for debate. It could apply to the callously shabby way Boris Johnson took it, yet in all that Michael Gove gave clear reasoning. The part that is equally interesting is the fact that the Financial Times did not dig into the real pain the UK people had, by not leading that part, we got to the place we are now. The FT also states “Plenty of companies are now scrambling to adjust their plans because of the unexpected outcome. They are guilty of a lack of foresight“, which is true, but it is equally the arrogant consequence of anticipated outcome through the bullying of some of the players. One example was Citibank and how they would ‘move’ operations if Brexit became a reality (at http://www.cnbc.com/2016/06/09/citigroup-warns-staff-of-brexit-risk-to-uk-operations-report.html), in my view I state: ‘Well James Bardrick, you got you’re Brexit, so would you kindly fuck off towards Germany, France or the Netherlands!‘ and please do so by the end of next week!

You know, I reckon that they will remeasure their actions, because Frexit is still a possibility Nexit is not definitely averted and the Deutsche Bank as well as the German economy would impact whatever you shift towards Germany. In addition, the changes in India and certain shifts all over Asia Pacific requires a stability foundation, which means that Citibank definitely requires to remain strong in the UK. If not for what is, than certainly for what might be. If I am correct (4 out of 4 would be nice), than there is a strong chance that the M&M team (Michael Gove and Mark Carney) could propel the UK positive ahead of schedule, meaning that Citibank would cut itself in the fingers in more than one way. In addition, and pardon my French, Citibank could end up being the bitch of Natixis in France, a very French way of banking I might add. Giving rise in more than one way that Citibank could lose momentum when it leaves UK operations, letting other banks move in and making the Citibank lose additional market share, which seems like such an ego based error to make.

All in all we can go for the slogan ‘Run Michael Run‘, looking towards better times, not immediate mind you, but possibly faster than we thought possible, the IMF papers regarding France give weight to that, providing the UK, more specifically if the Rt Hon Hugo Swire can get a few trade irons ready for agreement with France, the Netherlands and Germany. If he pulls this of, the UK is on a first leg towards true economic restoration, with the absence of Mario Draghi’s overspending nature.

In the end these are elements that matter, but strongest of all is to address the people who feel that they have been left out in the cold by Europe. National pride is only a first step, momentum will be gained by achieving results, in that Mark Carney remains correct, these steps come with a large risk, whether it is too large is for all players actually remains an unknown for now.

 

Leave a comment

Filed under Finance, Law, Media, Politics

March Hare of Government

Most of us have seen the news and heard the messages of the sequester cuts for the US of 85 billion dollars. How so many are now up in arms.
Let us be honest! This is all a load of rubbish (imho)! The deficit is 16+ trillion dollars. At 0.5% interest annual interest should be well over 80 billion a year, so they are still skating backwards if only 0.5% interest was due. In reality, as we doubt whether the US will EVER correctly deal with their debts we could consider the fact that it should be a lot higher than that. Also, important that even at 0% interest, it will take 200 years to get rid of a deficit this high. Are you awake yet?
I already mentioned it in 2011 that America was joining the 3G nations (nations that will need 3 generations to get rid of their debt). I was not alone in these thoughts; people like Glenn Beck, Bill O’Reilly and others were on THAT bandwagon as early as 2010. No one listened, all claimed it was not that bad, and it is now shown more clearly on a daily basis that it is getting worse. Yes, a March Hare is in charge of US Government. Oh Boy! The US is not alone in this situation, that same Looney Tunes character, created by Lewis Carroll seems to be in charge all over the commonwealth too. You know, those smaller world leading countries like UK, Australia and to some extent even in Canada. Lewis would be so delighted that he could have added in the cover of his book “These characters are based on leading individuals of the British Empire and those bloody colonials” (sorry US, I could not resist this).
First of all, for the next part, you must realise something first: “I AM NOT A RICH MAN!”
All capitals, I insist! The issue is that I am on the Republican side in this. It is also why I am so angry in regards of the (imho) the statement, which i consider to be BS, voiced by President Obama all over the news. He states “This was not necessary”, I say yes it is. He has overspent to such a degree that these cuts are essential for that nation to NOT go bankrupt. It is also linked to my life philosophy. I have always believed in being a Return on Investment. I get a job and that boss makes a profit by having me. I have worked on dozens of projects every quarter for over 20 years, and my bosses made more than just a small profit. This is how it should go. A company makes profit and that company continues and its staff members have a job. I believe in this simple premise with all my being.
You might think it is a simple and naive approach, but consider to alternative from the financial industry. They play markets on assumptions and reap benefits on image and commissions on a premise, not a given, and not on an actual creation of wealth. That was shown by Goldman Sachs in the 2008 issue where they banked on bad credit and foreclosures to make quick cash. All legal, but that should never have been allowed. This part now reflects back to the US government as these loop holes are still NOT stopped, and they just keep on grabbing from the wealthy and not from the immoral. These two groups are not the same.
This is however, not just about the US. the UK, Australia, the Netherlands, Italy and even France are going in EXACTLY the same direction. In the Netherlands on March 1st their Easter Bunny surprise is about to show the nasty side as it might go into a burnout as they are trying to find 4.3 Billion Euro in cut backs. Not unlike the US, they have been overspending for almost a decade and instead of taking heed then, they left it until they were no longer in office. You just need to check the Dutch newscasts between 2009 and 2011 to see dozens of articles “GroenLinks: bezuinigen is helemaal niet nodig” (the Greens state that cutbacks are not needed). These were often specific issues; however, the overall clear issue is that cutbacks were left too late. Any doubts? Consider that 250 million Euro annual cutbacks in 2008 onwards could have prevented a 4 billion cutback almost essential now. I use the word ‘almost’ as the method of cut backs is nearly always a debatable thing. All parties are passionate on protecting THEIR groups, but some must give in to the needs of cut backs. The CDA (Christian Democrats) are actually voicing a lot like the Republicans. It cannot remain about cutbacks; it must be about proper spending of what is available. So here we have our first direct link.
Two parties who I personally never really agreed with are voicing a solution that is simple and clear. I am NOT against taxing the rich to a certain degree (I am not rich, so fair enough). But NO nation can continue when the rich are taxed to such a degree they move away to other liveable lands. And in all fairness, that group is small. So small that taking them another 1% will NOT EVER get the government the money mountain they need. Should you doubt this, and that is fair enough, one must always question things, consider 1% to make 85 billion needs an Income group of billionaires making a sum of 8.5 trillion dollars. The US, UK and Australia combined do not have that amount of billionaires. This is the empty cloud that Democrats are offering. Which is why I oppose this mindless action. Spending needs to be put under control for a long time, long before 2011. I will state that this is not all President Obama’s fault. He did inherit a bad situation and that must be stated if we look at this honestly. I believe he truly thought that his approach to the bad economy was the best solution. I cannot fault or blame ideology. Yet, 4 years in office showed so clearly that this was NEVER a solution. So why he is continuing that method in his second term is in all honesty beyond me.

So, now let us add the next shackle in this chain. The UK and Australia are already feeling the weights of healthcare. In 2011 the UK had a population of 60 million people. For the period 2010-2011 the NHS had spent 51 billion pounds (as mentioned by the UK department of health). That almost equates to 1000 pounds per person (roughly $1500). A large slice of the UK population never gets sick or treated, yet the group that needs healthcare therefore required more than the 1000 pounds. This figure will shift as the population is growing old and grey. It is clear that the NHS will need more and more money, which is a clear reality many nations face. That links back to US healthcare. Whether it is labelled as Obamacare, as Healthcare or whatever coat of labelling it needs. Forbes reported in 2012 that US healthcare was set around 3 Trillion dollars. Now take a population of 325 Million in the US. Then we see that 1500 dollars do not get us anywhere near the needs of the UK. We can make two conclusions. Either the average American is very unhealthy, or that Medicare in the US is vastly overpriced.
OK, I admit that this equation is very simple and there are more factors at work. However, I hope that it is clear to most that something is wrong. I have stated before that the US seems to be a greed driven society (even though it is mostly visible in Banking and Financial Institutions), Shakespeare would state that there seems to be a stench coming from the state of budgeting (Hamlet banking association, 2008). Just to be certain you do not get the wrong impression, oddly enough Nurses seem to get the smallest part from that barrel, so they are constantly being underpaid (a global truth), so where does all the money go?

The next is generic and not just connected to healthcare. There seems to be too many managers in a company. If America is a ship, then the President is its captain. That is simple and clear. It is however an issue that this administration could be regarded as a badly stocked Titanic with 132 Pursers, 373 stewards, 83 cooks, 227 barkeepers, 93 janitors and the odd Marshall. The issue is that the paying crew is roughly 2000. This could never continue. When the servicing crew is at almost 50% of the paying customers, then either this population starts paying a hell of a lot more, or the ship sinks. I hope that this comparison is a lot clearer. It is actually close to the comparison as the RMS Titanic was populated. Yet, that ship was mostly designed for the indulgent and the wealthy. I hope that some will remember what happened. 1502 people died there. The numbers almost equates that one crew member saves one passenger, the rest is out of luck (I am NOT stating that this is what happened on the RMS Titanic). That is however how the US economy is seen by many. The numbers are a little harder. They are unclear on how many people lost their homes and never got another home. The numbers add up into the millions, and it seems to be around that one in six lost a home forever. So one government worker saves one citizen, the rest is out of luck. This seems to be the Nanny state as some call it. Funds for all! Yet, when no money is coming in, that nation gets shut down real fast. All nations depend on actual money making contribution to survive.

This is how 2013 is starting for the US. The bad issues coming is NOT because of some sequester. It is NOT because someone reports moderate growth. There is a collection of machines left, right and liberal trying to get what they can secure. We can look at Heidi Moore of the Guardian or Maxwell Strachan of the Huffington post. There is long term of financial pain coming and no one is safe. Yet, in all this, it is interesting how some ‘experts’ like Agentschap NL and NABE seem to predict a +2% growth in 2014. What is this? The land of the Umpa Lumpa’s?

I would love those numbers to be realistic. It seems however that those ‘experts’ are more and more moving to the mindset of market research where they seem to present what a government would like to reflect then to the area of research where we reflect the actual facts. Neither is a lie, but one is very very incorrect. All governments want to see nice indications, so they can forward the invoice. That time is gone; we have overspent for too long. Unless spending is reduced greatly, and fat is cut all over we will not see any good growth. If you doubt that, then look at the issues now going on all over Europe as horse meat is added to ‘expensive’ beef. When the daily issues of life are frauded on, then they have met rock bottom. There is no way you can ignore that (as far as I know it takes twice the time to grow a horse to adulthood, compared to a cow, which makes me wonder what on earth is ACTUALLY going on).
So let us get back on that horse steak and drive back to the so called ‘financial growth’. The seen level of misrepresentation is exactly how we move towards the Abyss. Some of those ‘experts’ might point to such good profitable places like China and India where things are currently so prosperous and how we all could be this successful. They are deceiving YOU and delusional towards themselves. You see, YES, Those two places are going forward, and 10,000 new millionaires seem to pop up. Yet, this is due to them voicing the need of outsourcing. WE lost those jobs (perhaps forever). They were cheap, and like on any ‘slave’ farm, there are guards and overseers getting a fair wage for every 10000 workers who are getting mere pennies (in comparison). Now consider that one third of the global population lives in those two nations. So that number of 10000 millionaires seems ‘fair’. Now add to this, a consumer market that could be slowly collapsing. We now have the means for that iPad, Ultrabook or iPhone, but is that still possible in January 2014? Soon this curve will level and then I expect it to decrease. Whether the decrease is short term, or long term I cannot foresee at present (there is no way to tell). But from my point of view it seems that America with their 200 years of debt would be living on slim margins for a very long time to come. If the Commonwealth and the EEC do NOT severely change their budgeting habits we will end in a similar predicament. Make no mistake; America will happily push US over the edge to survive a little longer. Then what?

We need to get a lot better and clever on how we do business and how we govern. My worry is that too many politicians on a global scale are not willing to consider that, especially if they and their constituents have to cut back.

Leave a comment

Filed under Finance