A case for Brexit; the EU’s seven deadly sins

Whether your main interest is equality, liberty, democracy, economic survival, sovereignty, debt reduction, increased export potential, encouraging entrepreneurs, fiscal independence, social fairness, overpopulation, community mutualism or calling leaders to account, it has become abundantly clear since 2008 that you will have to forfeit every one of these aspirations if your preference is to stay within the European Union. John Ward blogger at The Slog https://hat4uk.wordpress.com/  Please read on or to download in pdf format to read later click here “When it becomes serious, you have to lie”. “We all know what to do, we just don’t know how to get re-elected after we’ve done it”. Both quotes by Jean-Claude Juncker, Luxembourg politician and President of the European Commission. These quotes provide a fascinating insight into the psychology and intentions of the EU leadership. These people have a profound impact on our everyday lives, but that may be about to change. “It” just got “serious”; the UK is about to make a decision that could alter the course of history, not just for the UK and Europe, but for the rest of the world too. It was no accident that Obama recently visited these shores and gave us an ultimatum to toe the line, vote to remain and sign up to the Transatlantic Trade and Investment Partnership –…



Would you believe this? – April 24th 2016

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.


Postscript – April 12th 2016

Following up from our previous post, both the Fed meeting and the Presidential debrief were “Closed to Press” so we are all none the wiser except to say that central bank activity is “hotting” up and we can expect more of the unexpected, despite “guidance” to the contrary. In Germany, Schauble has blamed the ECB’s cheap money policy of fomenting the rise of the anti-EU AfD party, which now polls at 14%. In Germany’s proportional voting system, a party needs at least 5% to be allocated seats. “The ECB’s policy was already unpopular in Germany and the idea of helicopter money was the straw that broke the camel’s back,” said Joerg Kraemer, an economist with Commerzbank in Frankfurt. “People feel that ideas like this are dangerous.” While one can debate how much of Germany’s public stance is posturing, the tide is clearing turning against Draghi in Europe’s most prosperous and powerful nation. And as Reuters adds, this weekend’s scandal marked a new low in the often fraught relations between the euro zone’s biggest country and the central bank’s Italian chief, who has recently bemoaned what he described as the “nein zu allem” – “no to everything” approach – a deliberate swipe at Germany. The combatants will have a chance to settle their differences or continue to…


Hold the front page – April 10th 2016

Latest BBC business news headlines – “Martha Lane Fox joins board of Twitter” –  “Brighton Pier sold for £18m” – Cameron “I could have dealt with the tax question better”. All quite fascinating and totally irrelevant compared with the piece of news that the main stream media (MSM) have chosen to miss completely and that is that the Fed is to hold a closed, unexpected meeting under “expedited procedures”, on Monday, to discuss interest rates. Now that is news! The question is, “Why?” Fortunately, we don’t have long to wait to find out as they will publish their discussions immediately after the meeting finishes. The rumour mill is of course in full swing. Over the past week almost anyone with a Fed lapel pin has been wheeled out to discuss the economy and to a man (and a woman) they fall into the camp that sees the glass half empty. More and more data is coming in below expectations. The first stab at the GDP number for Q1 is not released until the 28th but the Fed will already have a pretty good idea as the latest Atlanta Fed GDPNow forecast is just 0.1%. The inference from all this dovish chattering is that they have realized that the rate rise was a big mistake and are…


The narrative is changing…central bank omnipotence is on the wane

Central banks have held the aura of omnipotence for some time now. Alan Greenspan was the first to have a “put” named after him, but the current incumbent is not so sure that she wants that title. She does not appear to be “sure” about many things within her remit, unlike her European counterpart who will do whatever it takes. However, both he and the governor of the Bank of Japan must be wondering, privately, just what the hell is going on. The more they push on their “piece of string” the less inclined are markets to take the bait. One of my favourite commentators, The Slog, sums up the recent spate of central bank pontifications and their true meaning for markets with his exquisite lack of deference. ·         Last week, it was Mario Draghi’s turn to boldly go where only idiots like Abe go, and he grasped the opportunity with both hands. It delivered about 25 minutes of effervescence to the European markets, after which the default position returned to enervation. You might say that the ECB boss had promised not just to pay the crowd to watch Christians being eaten in the Coliseum, but also totally wild and unpredictable lions to do the deed. Instead, a little bloke with a bald head shuffled into…


Brexit – where do you stand?

It will come as no surprise to regular readers that your scribe is firmly in the “Leave” camp. As a twenty something in 1975 I voted for the UK to join what was then the European Economic Community. At that referendum the vote was two to one in favour and the EEC was seen in Blighty as more of a trading bloc than the full blown “Union” that it has attempted to become. Few people remember that our first application to join the club in 1963 was vetoed by Charles de Gaulle, who said, prophetically, “that the British government lacks commitment to European integration.” In 1979 we had the beginnings of the march (down the slippery slope) towards a single currency with the establishment of the European Monetary System (EMS), the introduction of the European currency unit (Ecu) and the exchange rate mechanism (ERM). The Ecu was a unit for the community’s internal budget and also took on some of the features of a real currency; it was used for travellers’ cheques and bank deposits. The ERM gave national currencies an exchange rate band denominated in Ecus. All EC members joined except the UK. In 1981, before even Spain and Portugal, Greece joined the EC and then in 1985 Jacques Delors, who along with Helmut Kohl,…


The cashless society

This piece has been written by Simon Black at Sovereign Man a site well worth a visit http://bit.ly/1PFI877 It explains why the powers that be have started a campaign to do away with cash and gives an insight into the ever parlous state of the banking system. Things are never quite as they would have you believe… This is starting to become very concerning. The momentum to “ban cash”, and in particular high denomination notes like the 500 euro and $100 bills, is seriously picking up steam. On Monday the European Central Bank President emphatically disclosed that he is strongly considering phasing out the 500 euro note. Yesterday, former US Treasury Secretary Larry Summers published an op-ed in the Washington Post about getting rid of the $100 bill. Prominent economists and banks have joined the refrain and called for an end to cash in recent months. The reasoning is almost always the same: cash is something that only criminals, terrorists, and tax cheats use. In his op-ed, Summers refers to a new Harvard research paper entitled: “Making it Harder for the Bad Guys: The Case for Eliminating High Denomination Notes”. That title pretty much sums up the conventional thinking. And the paper goes on to propose abolishing, among others, 500 euro and $100 bills. The authors…


Negativity, relativity and dark matter

At school, I was taught Newtonian physics. Einstein didn’t get a mention despite having posited his theory on relativity some 60 years earlier and when much later I realised my education had been sorely lacking I wondered what else I hadn’t been told! That’s the trouble with “new” theories, the “old school” takes an eon to get around to changing the common narrative. And so it is with economics although lets not pretend that it is a science or at least not in the conventional sense that a mathematical model can be created to explain the meaning of everything. Until Einstein, physics was fully understood and the position of the planets known (and unknown) could be modelled precisely; relativity gave us a whole new view of the universe. In economics the current belief system is based largely on Keynesianism although as with many religious texts the meaning is widely open to interpretation and a number of his creeds are conveniently overlooked. Modern economics makes the heroic assumption that people act rationally in full accordance with the facts. Not true. Modern economics believes that it is possible to explain the myriad variables in the global economy and predict an outcome. Not true. If you don’t believe me look at the Federal Reserve Bank’s record on forecasting inflation….


To the Girl in the Pink Dress – I’m Wild About You!

If you cant use your own blog site to wish your beautiful wife a Happy Valentine’s Day then what’s the use of having one?! For my regular readers there will be another edition of the “View” along later today so in the meantime have a look at some back issues below. To my gloriously beautiful wife – Happy Valentine’s Day – I love you tons my Bambaji xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Tweet This Post Post to Facebook