The Guardian teaches its readers what Brexit is

Armageddon, it seems;

…And a new word has entered the political lexicon, which may soon become inescapable.

“Brexit” is shorthand for British exit from the European Union – a possibility that is looking more realistic by the day. Ukip, after all, are in the midst of a seemingly endless political summer…

…Moreover, plenty of Europeans are beginning to think of the UK as a power that has already turned its back on them. “We’re not actually making many constructive suggestions about the future of Europe,” says Leonard. “So we’re not really much good to anyone else at the moment.”

sherlock bbc cracking up lol laughing so hard

At the very least, I suggest to him, a British exit would create no end of economic turbulence. After all, when it looked as if Scotland was thinking seriously about leaving the UK, billions of pounds were wiped off the stock market. So imagine what would happen if Britain leaving the EU actually came to pass: an economic catastrophe, some people reckon.

Wait, is The Guardian agreeing with me?
(My rationale for the opinion, however, is hang the EU, it’s doomed anyway.)

…But what of all those grim predictions about Brexit’s dire economic consequences? “I simply don’t believe them,” she says. “The EU is actually causing economic chaos at the moment.” Evans runs a marketing and PR firm: she talks about the costs implementing European directives, claims that it is big business that defends the EU while small firms suffer, tells me that trading in the EU can be a bureaucratic “nightmare” and ends with a rhetorical question: “How can being able to negotiate our own trade deals again, in our own interests, be worse than the status quo?”

Guardian on the side of the bankers and capitalists.

There is no precedent for a country of Britain’s size leaving the European project. …None of these examples, needless to say, shines much light on what would happen if a country with 65 million people and such a huge economy decided to sling its hook.

This gives me hope a rare quantity

“Leaving wouldn’t be a straightforward process,” says Leonard. “It could take years and years and years, and cost an enormous amount of money. Think about the tens of thousands of regulations we have that govern every industrial sector, and everything that gets made. Or passports: you’d need new ones, new forms, new border controls … new everything. Tens of billions of pounds would have to be spent, just on managing the transition.”

Cost benefit ratio of leaving early or crashing with the EU as a member?

In terms of popular support, the political drive to leave the EU is largely based on public concerns about immigration….

They dare not explain why. Rotherham…?

“That’s something that I think would be unacceptable to the people of Scotland and the Scottish government.” She will not be drawn on exactly what she means, but she says this, with a hint of menace: “I have a warning that there will be very serious consequences indeed, and I’m not sure they have been properly thought through.”

Fine, leave too. You’re a net drain with your free University education and better NHS anyway.

…. He thinks that the Eurozone’s economic woes mean “the whole thing is beginning to crack”, and sketches out the unlikely-sounding scenario of David Cameron realizing his current approach to renegotiation isn’t ambitious enough, and somehow leading an argument that would lead to a “a whole new architecture in Europe”.

Better likelihood of Cameron coming out as gay.

…“But the costs are worth it if you’re going to preserve your democratic right to govern yourself, and be a free and prosperous country.” All this, he assures me, is better than being “being inflicted by an unstable and imploding Europe that doesn’t work. And if we exit, other countries will follow us. That’s my judgment.”

It’s us and Germany. Even Germany is beginning to doubt the EU’s might isn’t worth the cost.

Again, the prospect of stock market meltdown is swatted away: “I don’t think that follows at all … if you’re coming forward with a positive proposal to trade across Europe and the world, a lot of the stock markets would say, hooray.”

GB would be fine, which British taxpayer gives a shit about elsewhere?

If Britain leaves the EU, Cash says, it will mark something as historic as the abolition of slavery, the repeal of the corn laws (which, with echoes of what may happen again, split the Tory party), the franchise-extending Reform Act of 1867, and the convulsive events of the 1930s. Not for the first time, I’m reminded of the drastically different ways that each side of the argument thinks about what’s at stake.

One camp worries about jobs, border posts and passports; the other talks passionately about national sovereignty, and hears the call of history. Europhobes are from Mars; Europhiles are from Venus. And as the great political war about Europe grinds on, any kind of truce seems more unlikely than ever.

We shall leave. It is an eventuality at this juncture.

My sentiment on the tide against PC.

My sentiment on the tide against PC.




R. D. Steele predicts large-scale social change

“When we have a scandal so powerful that it cannot be ignored by the average Briton or American, we will have a revolution that overturns the corrupt political systems in both countries, and perhaps puts many banks out of business. ”
I hope you are correct and we are prepared. You tend to be, which gives me hope.

vulture of critique

Last month, Steele presented a startling paper at the Libtech conference in New York, sponsored by the Internet Society and Reclaim. Drawing on principles set out in his latest book, The Open-Source Everything Manifesto: Transparency, Truth and Trust, he told the audience that all the major preconditions for revolution – set out in his 1976 graduate thesis – were now present in the United States and Britain.

View original post 2,755 more words

Feminist Laurie Penny showing herself up as a moron for Occupy Wall Street

Blame everyone! Ask for everything! Explain nothing!

Notable excerpts;

Laurie Penny: “we don’t have debt because of the public sector, we don’t have debt because we spent too much on public services”

Someone can’t read a spreadsheet.

“Governments were forced to take those debts from the banks”

This is so wrong I’m not going to bother making fun.


Video: Stockbroker: “Markets are ruled by fear”

The most honest stockbroker in the entire world, everyone: Alessio Rastani

3 1/2 minutes for a heady dose of reality. I’m surprised the BBC didn’t assassinate him.


Markets are ruled by fear.

The market is toast. The stock market is finished. The Euro – they don’t really care. They’re moving their money away to safer assets. Personally, it doesn’t matter. I’m a trader. I don’t really care about that kinda stuff. If I see an opportunity to make money, I go with it so for most traders it’s not about, we don’t really care how they’re gonna fix the economy, our job is to make money from it. Personally, I’ve been dreaming about this moment for years, I have a confession which is: I go to bed everynight, I dream of another recession. I dream of another moment like this. Why? Because the Thirties Depression, wasn’t just about the market crash – there were some people who were prepared to make money from that crash and I think anybody can do that. It isn’t just for some people in The Elite. Anybody can actually make money, it’s an opportunity. When the market crashes, when the Euro and the big stock markets crash, if you know what to do, if you have the right plan set up, you can make a lot of money from this. For example, hedging strategies is one, investing in bonds, treasury bonds, that sorta stuff.
This economic crisis is like a cancer. If you just wait and wait, thinking this is gonna go away, just like a cancer it’s gonna grow, and it’s gonna be too late. What I would say to everybody is: Get Prepared. This is not a time right now to … wishful thinking that government’s gonna sort things out, the governments don’t rule the world, Goldman Sachs rules the world. GS does not care about this rescue package, neither does the funds. So actually, I would tell people, I wanna help people. People can make money from this, it isn’t just traders. What they need to do is learn how to make money from a downward market.
The first thing people should do is protect their assets. Protect what they have. Because in less than 12 months [2011], my prediction is the savings of millions of people is gonna vanish and it’s just the beginning. I would say be prepared and act now. The biggest risk people can take right now is not acting. [complacency]”

I am rarely impressed yet once in a blue moon

The prediction is correct, if not for the QE programmes backed by the World Bank and IMF that have staved it off thus far.

Anyone have tips to add?

Fables from the banking sector

The Walrus and the Carpenter or The Story of the Curious Oysters

The sun was shining on the sea, 
   Shining with all his might:
He did his very best to make 
   The billows smooth and bright-- 
And this was odd, because it was
   The middle of the night.

The moon was shining sulkily, 
   Because she thought the sun
Had got no business to be there 
   After the day was done-- 
“It’s very rude of him," she said,
   “To come and spoil the fun!”

The sea was wet as wet could be, 
   The sands were dry as dry.
You could not see a cloud because 
   No cloud was in the sky:
No birds were flying overhead-- 
   There were no birds to fly.

The Walrus and the Carpenter 
   Were walking close at hand:
They wept like anything to see 
   Such quantities of sand:
“If this were only cleared away," 
   They said, “it would be grand!”

“If seven maids with seven mops 
   Swept it for half a year,
Do you suppose," the Walrus said, 
   “That they could get it clear?”
“I doubt it," said the Carpenter,
   And shed a bitter tear.

“0 Oysters, come and walk with us!” 
   The Walrus did beseech.
“A pleasant walk, a pleasant talk, 
   Along the briny beach:
We cannot do with more than four, 
   To give a hand to each.”

The eldest Oyster looked at him, 
   But never a word he said;
The eldest Oyster winked his eye, 
   And shook his heavy head-- 
Meaning to say he did not choose 
   To leave the oyster-bed.

But four young Oysters hurried up, 
   All eager for the treat:
Their coats were brushed, their faces washed, 
   Their shoes were clean and neat-- 
And this was odd, because, you know, 
   They hadn’t any feet.

Four other Oysters followed them, 
   And yet another four;
And thick and fast they came at last, 
   And more and more and more-- 
All hopping through the frothy waves, 
   And scrambling to the shore.

The Walrus and the Carpenter
   Walked on a mile or so,
And then they rested on a rock
   Conveniently low:
And all the little Oysters stood 
   And waited in a row.

“The time has come," the Walrus said, 
   “To talk of many things:
Of shoes--and ships--and sealing-wax--
   Of cabbages--and kings--
And why the sea is boiling hot-- 
   And whether pigs have wings.”

“But wait a bit," the Oysters cried, 
   “Before we have our chat;
For some of us are out of breath, 
   And all of us are fat!”
“No hurry!” said the Carpenter. 
   They thanked him much for that.

“A loaf of bread," the Walrus said, 
   “Is what we chiefly need:
Pepper and vinegar besides
   Are very good indeed--
Now, if you’re ready, Oysters dear, 
   We can begin to feed.”

“But not on us!” the Oysters cried, 
   Turning a little blue.
“After such kindness, that would be 
   A dismal thing to do!”
“The night is fine," the Walrus said, 
   “Do you admire the view?

“It was so kind of you to come! 
   And you are very nice!”
The Carpenter said nothing but 
   “Cut us another slice.
I wish you were not quite so deaf-- 
   I’ve had to ask you twice!”

“It seems a shame," the Walrus said, 
   “To play them such a trick.
After we’ve brought them out so far, 
   And made them trot so quick!”
The Carpenter said nothing but 
   “The butter’s spread too thick!”

“I weep for you," the Walrus said:
   “I deeply sympathize.”
With sobs and tears he sorted out 
   Those of the largest size,
Holding his pocket-handkerchief 
   Before his streaming eyes.

“0 Oysters," said the Carpenter, 
   “You’ve had a pleasant run!
Shall we be trotting home again?” 
   But answer came there none-- 
And this was scarcely odd, because
   They’d eaten every one.