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May 15, 2012

Would you, as a right thinking honourable soul, with a conscience and integrity – or even half a brain – build a monument to someone who had deliberately misled almost a whole nation?

When Edward Heath told the British Nation, clearly and simply “signing The Treaty of Rome will NOT affect National Sovereignty.” He lied with intent to deceive, he was in dishonour.

He later admitted that he had known that full integration and EU rule would be the final outcome as the release of Cabinet papers, buried under the 30 year secrecy rule can prove.

May 15, 2012

For anyone in doubt that it is the "lower classes" that should pay for the excesses of the last forty years, a new report authored by the National Institute for Economic & Social Research for the Resolution Foundation shows that it was the poor who drove the pre-crisis debt boom.

Yes indeed, the poor are to blame. We all knew it.

May 15, 2012

James and I are joined by Alessio Rastani the London trader who went on the BBC and said "Governments don't rule the world, Goldman Sachs rule the world."

Ian R Crane talks Financial Terrorism and the forth coming Economic Hitman Tour

May 14, 2012

For the first time, Civil Servants' jobs could be at risk as a result of their "performance".

In the initiative being led by Francis Maude's Cabinet Office, the overhaul of Whitehall Civil Servants is to be unveiled next month.

Francis Maude claims that Civil Servants are themselves "frustrated and concerned" that "the worst performers" face no action while those that work hardest do not receive the recognition they deserve.

This statement seems at odds however, with the performance related bonus culture at Whitehall, where bonuses of as much as £187,500 were handed out on top of annual salaries this year.

May 14, 2012

The effects of the collapse in the real economy globally are being felt in China. Nevertheless they continue to invest in science and infrastructure, the two key requirements for future growth.

There is no doubt that China is suffering as a result of the global economic downturn. Electricity generation levels collapsed in April; up only 0.7% in the last 12 months. China's shipyards have received almost no orders this year. Housing sales are collapsing. Manufacturing outputs are falling.

These are all indicators that the Chinese economy is faltering, and, of course, the inevitable rhetoric from the world's financiers to the Chinese government is "we must have easing!"

May 9, 2012

In the US last month, a judge ruled that Jury Nullification, a jurys ability to over-rule the law, was still lawful and very much in effect.

This follows a case in which 80 year old Julian Heicklin, was arrested by FBI agents for passing out pamphlets which informed jurors of their right to nullify a case if they thought the law being applied was unfit or unjust.

The prosecution had accused Mr Heicklyn, who was handing out the pamphlets for an organisation known as the 'Fully Informed Jury Association', of trying to influence jurors through written communication.

May 9, 2012

The government has once again refused to publish the official assessment of the risks involved in the government's NHS shakeup, contrary to Law.

Andrew Lansley, the health secretary, said in his statement:

This is not a step I have taken lightly. I am a firm believer in greater transparency and this government and this department have done far more than our predecessors in publishing information about the performance and results of our policies. But there also needs to be a safe space where officials are able to give ministers full and frank advice in developing policies and programmes.

May 9, 2012

Today the Queen gave her speech to both houses of parliament, setting out the forthcoming plans of the Coalition for the year ahead. 

As expected, reform of the House of Lords was on the list.

This bill is being hailed as a 'power to the people' type of legislation, but nothing could be further from the truth, as this bill will allow the speakers of both houses to select a private committee that would "elect" part of the house of Lords.

May 8, 2012

The price of fuel is pushing up the cost of bus and car journeys. Car insurance has gone up across the board by between 40 and 60% this year, despite the reduced risk incurred by fewer car journeys. Train travel is already prohibitively expensive if more than one person is travelling together.

And now, for the air travellers amongst us, to add to the lies of liquid bombs and shoe bombs, we have underpants bombs.

May 1, 2012

They all think I’m out of touch! How does that work? It isn’t supposed to happen this way! Ken is supposed to tell me what to do, I’m supposed to do it, and you lot are supposed to love me for it! That’s what Ken and Michael have been telling me since I was a boy. And now 82% of you lot hate my guts! It’s not fair! It isn’t!

I mean, how am I supposed to concentrate on the important stuff like World War Three when I have all these stupid Hunts running around getting me into trouble?

And it’s not even limited to the idiots I have working with me. Now they’re getting at me about Strange Sammie, our new nanny! A smoking, drinking, shoplifting, swearing Aussie, they’re calling her. Streuth!

And then there’s Ed. How can anyone like Ed more than me? Have you lot such short memories?

April 23, 2012
April 18, 2012

Last Friday, Hungarian Prime Minister Viktor Orban has attacked the European Union and the IMF for imposing political conditions on an EU-IMF loan desperately needed.

Last Friday, Hungarian Prime Minister Viktor Orban has attacked the European Union and the IMF for imposing political conditions on an EU-IMF loan desperately needed.

Hungary asked for a 15-20 billion loan last November, but before they knew what was happening, they were warned that any money would depend on proving their commitment to democratic principles.

March 29, 2012

The Organisation for Economic Co-operation and Development if predicting that Britain will fall back into recession this quarter.

The Organisation for Economic Co-operation and Development if predicting that Britain will fall back into recession this quarter.

George Osborne on the other hand, says we won't. Commenting on the OECD forecast, he said:

This is a forecast... Our own forecast from our own independent body, which we published last week, says we are going to avoid a recession.

Our own independent body?

What planet is this man on? How can any body be "our own" and "independent" at the same time?

March 29, 2012

Like a bunch of sheep, the British people fell into the trap today, suckered into panic buying fuel in order to avoid panic buying fuel.

Like a bunch of sheep, the British people fell into the trap today, suckered into panic buying fuel in order to avoid panic buying fuel.

This is quite clearly a psychological operation being run by government - a behavioural experiment to see if Francis Maude's Common Purpose inspired behavoural change technology is working. And lo and behold, it is, as an idiotic nation causes shortages and filling station closures right across the country.

God help us.

March 29, 2012

While Moritz Kraemer, head of sovereign ratings at Standard & Poor believes Greece will have to restructure its debt once more, the ECB calls for more regime change.

Speaking at an event last night at the London School of Economics, Kraemer said he believed that this time round, Greece would have to involve bailout partners such as the International Monetary Fund. Commenting on the likelyhood of a further restructuring, he siad:

I’m not predicting today when ... At that time maybe the official creditors need to come into the boat.

Perhaps he was alluding to the Titanic.

March 28, 2012

David Cameron's mission to privatise all that we once owned continues with Bernard Gray's hushed plan to privatise the MoD.

There will not be many of us unable to see that the handing over our national defence to corparations with foreign interests is national suicide. 

That is unless you are Bernard Gray, the Chief of Defence Materiel at the Defence Equipment and Support branch of the Ministry.

Whilst acting as an advisor to the Ministry of Defence in 2009, Gray compiled a review of  defence acquisition, in which he strongly recommended the privatisation of the Defence Equipment and Support Branch, by creating what is termed a Go-Co partnership.