Man in a Shed: No fly zone

Friday, March 18, 2011

The West wakes up to Cameron & Sarkozy's arguments

Well this did look likely 24 hrs ago, but it seems the White-house has had a change of mind ( or does it just take a long time behind that oval office desk these days ). I can't help thinking this is more Hilary Clinton than Barrack Obama.

But still things are on and first priority will be to save the revolution from being snuffed out.

You would not want to be sitting in or near any Gaddafi controlled armed vehicles or artillery in a few hours. A point that won't be lost on the professional and mercenary element who are currently supporting Gaddafi.

What will Gaddafi do ? He probably needs to sit tight and wait for his next opportunity. If he's capable of doing that is the big question.

What will the UK Labour party do as it seems David Cameron's brave determination pay off against Labour's old friend Gaddafi who is now threatening to shoot down airliners over the Med ? Maybe they could promise to release anyone convicted of doing so on compassionate grounds.

Now does anyone have the grid reference for Mr al-Megrahi ?

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