I’ve made the point before that western lifestyles may have changed but that to say we are richer when we cannot live the lifestyle I aspired to at 18 and might be dead by now if I had but that’s not the point. Is this world of so called Liberalism and slow decline of living standards one we can easily leave behind? Not just the EU but the whole lot IMF World Bank and even tantrum led USA.
Would initial devalued currency etc be fatal if we stepped off the liberalism and free trade agreements nonsense – where Govts pick winners like Socialists by favouring certain industries over others? Continue reading “Hotel California”
Apparently it’s not just that BrExit voters dying off that may alter the set course of the referendum. In surveys 90% say they would not want to lose a 100 a month in a BrExit. Now of course no one knows what we will lose or gain and many of us skeptical of mainstream economics and Govt subsidy of globalisation will demure on costs. However mainstream economics suggests losses and indeed in dollar terms anyone on above 20 grand a year is already out of pocket circa £1500 so too late! Continue reading “BrExit Buyer’s Remorse”
US Author Sam Harris argues that Bush and co just wanted to open Starbucks on every corner in Iraq and that their intent was benign or good whether the results were monstrous or not. That the intent of many who believe the Koran is to install a fascist Caliphate and Sharia. Thus Western leaders are superior to the perverted sex obsessed Islamic murderers of the Middle East, Paris and Brussels and their child raping warlord oracle. I will say now that our past failures should not obfuscate the need to rid the world of Political Islam and the more aggressive interpretations of the warlord’s handbook. The people involved may consciously even think that was their motive yet they continue to profit from it and they continue to make the similar mistakes to achieve nothing, President after President. Continue reading “Intent What Is It?”
As the decision to cancel a whole football match over a suspect package or half of Staines when I worked there showed UK Society is very risk adverse. Now I am roll the dice type but even if you consider the EU and its sisters Globalisation and Financialisation a plane without pilots just running till the fuel is empty it’s still not clever to jump out no parachute at 30,000 feet.
The UK runs several risks which I should add are possible rather than probable:-
- The UK does not produce enough food for itself and if the currency tanks will that drive up prices or cause farmers to get even more subsidy? TBF £ did tank 25% after 2008 and no one seemed to notice. Equally at present extra cash drives up rent and house prices so maybe we’ll adjust them down so we can eat.
- Hate the CAP [Common Agricultural Policy] but we would probably have to come up with our own subsidy package for sponging farmers. These may end up bigger than before esp if Conservative Party is in charge – most Tory MPs judged on their Govt’s policies believe in free market Capitalism as much as Lenin.
- UK’s a Financial Centre and de facto has vetoed any European move to a Tobin/Financial Transactions Tax. Unless UK is prepared to completely cut itself off from EU business this could affect us but with Banker pets Obama and Mrs Clinton unlikely to agree to extend such a tax this is unlikely to happen.
- Imagine the US unhappy at its project going down the tubes aligned with an amoral/uncaring/stupid Germany currently killing Greeks. As Greece shows they are not people you can appeal to with logic and sense. Indeed so bad is the slaughter of Greece even the bloodthirsty pirates of the IMF are trying to call time. However the need to set an example with someone who shares your currency is not relevant to the UK. Also unlikely US drops its NATO lapdog the UK.
- Interest rate rises due to declining currency and possible inflation could prick the housing bubble. Not sure this is a bad thing long term but that’s me. This is probably the most likely but also not sure once everyone gets over it currency drops or as stated above that is a bad thing. However a risk for those suffering Asset Price Wealth illusion.
- The UK could be stitched up by the ranting loons on the Conservative Govt rushing through Corporate Trade Agreements taking away our Sovereignty. Sadly there does seem an element obsessed with these implements for creating zombie economies and extracting rent via copyright. Oddly some elements just view the EU as not neo Liberal enough.
The point is that those like me (left and right) who are anti neo Liberalism/Whatever you call it and if those who want an end to cheap money and bubble economy are right even then the costs would merely be brought forward. I very much doubt that much comes to pass and frankly welcome the chance to change. However you do wonder given what whimpering scared people we come across as these days if UK people voting Exit get that it is a potential risk.