From the Summit of the Moral High Ground

Amongst the world's recent economic news there has been much strangeness; the decision of China and Japan to trade directly with each other instead of in US dollars is just the latest tolling of the bell which is trumpeting the end of the US economy. Just waiting on the Saudis to add the final nail to the coffin. The warning signs are becoming clearer with JP Morgan holding a 'derivative position' which has already caused losses of $3 billion and with $140 billion of outstanding lawsuits in progress against it, the $120 billion capitalisation of the world's largest bank is looking like it is going to be worth nothing. The SEC (the US regulator) has decided that Lehman Brothers moving $50 billion of liabilities off its balance sheet every time they were required to file accounts was not fraudulent and that no one will be prosecuted for basically outright cheating. The regulator takes it orders from the president who takes his funding from the banks... and the el...

Well we finally have our opportunity to present our views to the 'independent' electoral commission. I have given the matter due thought and made my submission which I present below. Who knows maybe they will give me the opportunity to present my views directly to the commission at some later date. Remember it will likely have no effect on the what I suspect is already determined conclusions of the commission, but it will be forever included in the public records, I hope history will show that there was a vocal opposition to the actions of the States of Jersey and that the resulting failures were solely a result of failings on the part of the States of Jersey to listen to the people. Visit the electoral commission's website . PREAMBLE It is impossible to address the issues presented in your leaflet without first addressing the purpose and function of the States of Jersey. I therefore touch briefly on these before responding to the direct terms of refere...

It's time to re-examine the Robin Hood story, he did not take from the Rich and give to the Poor, he took BACK what had been previously been stolen from the people by the Corrupt. Such is human nature that no one likes to see themselves as 'evil' and the lengths that some will go to in order to permit such self-delusion to continue is astonishing. One of Russia Today's premier shows, the Keiser Report, (all 294 episodes to date are available on you tube) speaks to a British investment advisor on the future for the British Economy and her campaign to re-purchase Britain's lost gold. The first part of the show is dedicated to examining one such delusion, the delusion that there is no fraud in the large financial firms that there is only 'egregious errors', 'a need for reform'. Just like in Robin Hood's time, these bankers, politicians and regulators are not the Rich they are the Corrupt.

Well what a week for news it has been, Let me put this as carefully as I can, Senator Breckon has been charged with an assault, charged not tried, not convicted but charged. Senator Breckon is at this stage innocent and will remain innocent until convicted in a Court. We know that for some reason the Jersey Courts are out to show that they do protect women from domestic abuse and as usual 'meeting the target' has blinded them to the methods they employ. It is a standard tactic from divorce lawyers to encourage women to make groundless allegations against men as a means of securing sole occupancy of shared properties. It was developed by Rose Colley's practise and whilst I have no evidence that Rose Colley herself employed this strategy, I do have evidence that other lawyers in her practise have used it on multiple occasions. Of course Rose Colley wrote the very law upon which this is all based, so no conflict of interest there then. Yes I can and do say this openly...

Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet. And rightfully so, since he often says ridiculous things that demand a response from those who understand basic economics better than he does, despite his having won a Nobel Prize. His January 26 column, “ Jobs, Jobs and Cars ,” has him once again making such an argument. This time it’s on the subject of job creation. Krugman claims that the Republican argument for the importance of job creation relies too heavily on the “heroic entrepreneur” rather than recognizing that “successful companies—or, at any rate, companies that make a large contribution to a nation’s economy—don’t exist in isolation.” For Krugman this means there’s plenty of help from government. Although I can’t speak for all Republican politicians, I can say that Krugman’s view of the argument for free markets is utterly mistaken. The argument for the market is based precisely on the fact that the entrepreneur e...

Venezuela a true Socialist State With all the problems that go with it In the modern world, a country’s natural resources have very little to do whether goods are on the nation’s shelves for people to buy. Singapore isn’t rich in resources, neither is Hong Kong, but both have vibrant market economies and shoppers can find whatever their collective heart’s desire on the shelves of stores in these two cities. On the other hand, there is Venezuela, a country rich in resources. It is one the world’s top oil producers at the same time gas prices are soaring. The rich soil and temperate climate allow for productive agriculture and the country is rich in gold and other minerals. One could only imagine that high tides would be lifting all boats, but yet the cupboards are bare. There are shortages of staples like milk, meat and toilet paper. In the country’s largest city, Caracas, residents must arrange their calendars around the once-a-week deliveries made to government-subsidiz...

What was the Government's decision making process? The nature of economic growth is such that it is small and medium sized businesses which are the economic powerhouse of a nation. Large companies continue to grow, but through acquisition rather than innovation. Large companies in recession are typically those which will survive by cutting employees and it is this sort of behaviour which we have seen in the recent downsizing by HSBC, RBS, Lloyds TSB, RBC, etc. There has been a sudden raft of investigations by the States of Jersey of local businesses and people. Jersey Financial Services Commission continues to 'investigate' small finance firms and put them to the wall with the cost of these investigations. The restaurants of the island have come under attack from the Treasury Department and at least one, Five Seasons, recently was forced out of business by the costs involved. Jewellers have also suffered a rash of these investigations recently. This has a ne...

The so-called Global Financial Crisis is a term so widely used that it has earned its own acronym of GFC . When first seen, it seemed like girl friend club or some such, since many friends use GF loosely to refer to sweethearts. The GFC is falsely named, since it is more accurately described as a global monetary war with the USGovt vigorously defending its franchise in the USDollar for crude oil and trade settlement, and for bank reserves management. Take either away, and the other departs quickly, leaving the United States vulnerable to a quick ticket to the Third World marred by price inflation and supply shortage, even isolation in ring fences. On its own devices, the US is in as bad shape as the worst of the PIIGS nations. The USGovt debt is above 100% of GDP finally. The annual deficit of $1.5 trillion could not be financed in normal methods. So the USFed is the adopted buyer of last resort, purchasing over 80% of new and recycled US debt issuance. The Interest Rate ...