Playing bridge, backgammon or chess is not dissimilar to “playing” the markets. Every new hand, board or day brings something different; a new auction, a new gambit, a new strategy. However, in the world in which we find ourselves the markets have an unseemly edge; they are not always what they appear to be at first sight. The conspiracy theorists have been roundly derided, but then we find that LIBOR is being rigged, gold and silver are being manipulated, banks have sold worthless bonds and we suspect much other skull duggery besides. The “culprits” have been fined and a few scapegoats have gone to jail; known, in current day parlance, as “the cost of doing business”. The media have barely raised a sweat in reporting these “misdemeanors”. For many outside the banking “cartel” LIBOR is probably a second derivative of Trebor a well know mint confection in the UK. Much of the interest these souls pay on their mortgages and credit card loans is based on LIBOR rates, so perhaps they should be more concerned. But no, life goes on in a virtual reality world created by the media enterprises and their not insubstantial backers. The latest “news” is that there is a lot of “fake news” being reported. How else would the Don have become president elect and the Brits have voted for Brexit?…Click to Read More
The View From The Bridge
If you want one good reason to vote for Brexit, then the TTIP is it.
It’s bad enough having to put up with lies and misinformation from our current European bedfellows, but to be lectured to by some American shows the extent to which the US thinks it rules the world. His admonition over Brexit and the threat of a 10 year “delay” before any trade negotiations can be entertained disguises the real purpose of his visit other than to pat his pet lap dog at No 10 on the head. If we leave the EU, the TTIP – the Transatlantic Trade and Investment Partnership – is dead in the water. His visit to Europe is expressly to ensure that the EU signs up to this trade “agreement” as the legacy of his Presidency – he hasn’t done much else of note to earn himself a lasting place in the history books has he? TTIP? You may be a bit short on details about this little scam, but that has been the deliberate ploy from the outset so pin your ears back, here’s the lowdown courtesy of the Independent.