Man in a Shed: A threat to the Falklands ?

Tuesday, July 08, 2008

A threat to the Falklands ?

As Mrs Kitchener is losing support in Argentina its time for the old solution of using patriotism to bolster support (sound familiar). Argentina is threatening military expansionism again.

Will Labour be the party to see the loss of British Territory to military aggression ?

They should send further forces South, and they shoudl never have scrapped the Sea Harriers. The defence of the Falklands now obviously rests on one airbase with four Tornado ADVs. If that doesn't worry you a lot then your not really thinking it through.

Argentina has been getting progressively more aggressive over the last few years. We ignored the warnings once before, and its cost hundred of young men their lives. I'd like to believe our foreign office and the MOD learnt its lessons, but with Gordon Brown and Des Browne in charge you can't have much confidence.

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The pound in your pocket

"We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists." James Callaghan

“The trouble with theoretical economists is that they don't understand that when you have a deficit, you can only finance it by borrowing, and you've got to persuade people that it's worth lending money to you and that they'll get their money back... there's no way of escaping it.” Dennis Healey during the 1976 Stirling Crisis.

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes, 1920.

"To preserve [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude." Thomas Jefferson, President of the United States of America,1801-1809.

Inflation is taxation without legislation .. Milton Friedman