Tuesday, August 04, 2015
Monday, July 27, 2015
Sunday, July 12, 2015
Saturday, July 11, 2015
Some time ago I heard a joke that tells the story of how hard it is to deal in a certain part of the world ( not Greece I might add ). It goes like this:
A banker, whose bank has just made a large loan to a foreign company gets a phone call from an officer of that company. It goes like this:
Client - "Hello I'm phoning to reduce the interest rate on the large loan issued yesterday"
Banker - "But yesterday we signed a contract and agreed the rate !"
Client - "But yesterday I don't have your money ...."
Posted by Man in a Shed at 9:44 p.m.
Tuesday, July 07, 2015
Capitalism works so well as you can use your capital as security against borrowing and, by using your advantage, make a return greater than the agreed interest.
Countries that make capitalism work best have a good rule of law and clear property rights.
But we are approaching a problem as shown by Greece ( and really many other European countries ).
Debt is run up - used to bribe voters with welfare policies, then - when austerity is demanded by this action the left campaigns against it ( using popularism again ) and demands the arbitrary confiscation of property via debt defaults.
It may be that the left has found a way to drive Capitalism of the road and create the car crash and misery they so desperately seek to justify the totalitarian measures they secretly lust after.
This process is aided by the crocodile eat me last behaviour of some of our banks and financial institutions - and governments that continue to build housing bubbles and raid pensions to provide artificial temporary boasts to GDP whilst ensuring worse debt and austerity int he future.
Yes George Osborne I'm looking in your direction.
It may be that the left has found an Achilles heal to defeat capitalism with - the peoples greed.
Events in Greece may yet impact us all.
Those who value economic and indeed personal freedom need to keep a watch on the use of the Latimer's fork of debt and austerity by the left.
Thursday, July 02, 2015
We have the situation of a council going against its own legal advice to refuse planning permission for the UK's first Fracking site.
What the BBC and its Luddite allies fail to report is the impact this will have on the UK. Our balance of payments will get worse ( its terrible right now ), gas costs will stay high, industry will continue to leave the UK and fuel poverty will rise as gas prices increase and green rent charging makes a few very rich and freezes pensioner to death.
Also we have the beating about the bush on Heathrow.
Yes there needs to be a 3rd and a 4th runnway at Heathrow.
The idea of moving Heathrow further West might have worked, but failing that its timne to get on with it. The alternative is to continue to fall behind the rest of the world. The UK now depends on services to pay the bills and those services depend on links to the world. Gatwick just won't cut it as a hub airport.
What these two issues have in common is a need for political leadership.
I'm not going to hold my breath on that one.
Posted by Man in a Shed at 7:51 a.m.
Saturday, June 20, 2015
This program on the EU is worth a watch,even though its 10 years old, for the history of some of our relationship with the EU. ( H/T to Peter Hitchens who both presents the prog and reminded us of it on his blog here ).
Now if I can only work out how to get the kids to watch it ....
Wednesday, June 17, 2015
With David Cameron you always need to watch what he's up to. He's spending a lot of political capital over turning the rule of keeping government announcements out of pre election periods.
So what's up ?
Is it really true that we can't function without it ? That is certainly the line Cameron is trying to push.
Or could it be that if the opinion polls show the rule by the EU side close to losing Cameron wants the option of emergency bias and propaganda to prevent the UK regaining its sovereignty ?
Perhaps there is something in EU law that forbids Purdah anyway - and Cameron just doesn't want this.
It extraordinary, exceptional and highly suspicious.
The Telegraph reports that " For their part, ministers argue that purdah is “unworkable and inappropriate”; they are concerned that it will cause problems because of the volume of day-to-day business that involves the EU."
So its turns out we can't run the country as the EU is so totally infested into our government for 28 days ...
That's quite an admission to the debate is it not ?