From the Summit of the Moral High Ground

After four weeks of silence, and what a four weeks it has been, Jim Willie has published his latest research and thoughts on the ongoing destruction of the Western financial system and the long awaited return to a gold backed currency. "Since the Lehman Brother scuttle and the Fannie Mae adoption and the AIG black hole admission, the financial crisis that began with the housing bubble and subprime mortgage bust has turned virulent. The global financial crisis is better described as a global monetary war to defend the toxic USDollar, whose sunset can be seen. In the last 12 to 18 months, the monetary war has again morphed, this time into a far more serious and financially violent global Gold War . Nations are fast realizing that their only true liquid assets of value are their gold reserves, and even they have been tampered with or stolen in a vast re-hypothecation scheme." Interestingly enough I noted in the latest investment plan that the States of Jersey is to inves...

Money Week  reports that the British Pound is headed for a fall,  Max Keiser  goes into greater detail on this. Given that treasury yields are at a 300 year high there will follow an inevitable decline and when that happens interest rates WILL GO UP. Whilst mortgage rates are set by the government at 10% below the market rate (if I want to borrow for my business the rates on offer are between 10 and 12.5%). Banks are just not lending as the Daily Mail reports: The failure of high street banks to lend to consumers is highlighted by the fact that 82pc of net mortgage lending in the six months to the end of September was accounted for by one institution – the Nationwide. The reason is that the UK is up to its eyeballs in debt over 700% of GDP taking government, banking and private debt altogether, only Ireland and Japan are more endebted. The new Chief at the Bank of England has been appointed and he is a graduate of Goldman Sachs (as even reported by ...

Where the money is moving to The First Director of the JFSC  has told us that Caesar was ambitious, I mean that we are too dependent on the Finance Industry. If it is so then it is a grevious fault, and like Caesar, greviously shall we answer for it. At a meeting hosted by the Guernsey FSC the delegates were told there is too much regulation, (I remember one candidate saying that at the last Senatorial election in Jersey but was ridiculed for doing so). Meanwhile Baroness Williams proven her age by proclaiming us as one of the most secretive jurisdictions in the world the JEP  reported "JERSEY has been labelled ‘one of the most secretive tax havens in the world’ in the House of Lords after it was revealed that UK citizens hold some £19 billion in Jersey, Guernsey and Isle of Man accounts. In an exchange between Baroness Williams of Crosby – former Labour and SDP MP Shirley Williams – and deputy government chief whip Lord Newby, it was also revealed that the UK ta...

A Gazan missile is launched at Tel Aviv and below the Israelis respond “Since mankind's dawn, a handful of oppressors have accepted the responsibility over our lives that we should have accepted for ourselves. By doing so, they took our power. By doing nothing, we gave it away. We've seen where their way leads, through camps and wars, towards the slaughterhouse.” in·no·cence  [in-uh-suhns] noun the quality or state of being innocent; freedom from sin or moral wrong. freedom from legal or specific wrong; guiltlessness. simplicity; absence of guile or cunning; naiveté. lack of knowledge or understanding. harmlessness; innocuousness. It has been a long time since I was an innocent. My own innocence was ended in 2007 at the tender age of 35 by being dragged from my house at 3:30 am and locked in police cell denied sleep then interrogated for three hours, locked in a prison cell on Christmas Eve and held for 31 days until I was proven innocent at trial. It w...

Well it seems that Phil Ozouf has decided NOT to run for election in 2014 and has alienated what one would consider to be his natural constituency, the small to medium sized businessman (there are no big businesses in Jersey). The fundamental assumption upon which he has erred is that the tax component of the price of goods in Jersey is limited to GST and impots, this of course is not the case. We could of course respond with our own question, how come government in Jersey is so much more expensive than in either the UK or in Guernsey and, of course, in asking that question we also answer Senator Ozouf's. So let us examine in great detail why the difference between £1.22 and £2.34 (being the quoted cost of a packet of cigarettes in the UK and Jersey respectively) actually demonstrates that profits in Jersey are lower than in the United Kingdom. We will assume that the production costs are the same up to the point that they leave the factory, we will also assume that the ...

For those of you with download capability there are some rather interesting books available as a free downloads from Amazon via your kindle or such modern contraptions.

Well the judgement has been finalised, I did not win (yet), but I have to say that the Royal Commissioner has once again given a fair judgement which I cannot really argue with, other than to say that the Law is wrong to limit appeals simply to points of law but allow erroneous conclusions to stand simply because they can be arrived at. It is this matter which will be the point of appeal to the European Court of Human Rights. To sum up the judgement the Commissioner basically says, " it is your own fault for refusing to turn up to the hearing ". The highlights of the judgement are as follows (name of applicant has been changed to Miss Z, as a courtesy): 3. Article 94 of the Employment (Jersey) Law 2003 (“the Employment Law”) provides that an appeal  on a question of law only shall lie from a decision of the Tribunal to the Court with the leave of the Tribunal or of the Court. The Tribunal denied leave in this case.  4. It was held in Voisin v Brown...

  When, in the course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the laws of nature and of nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation. Prudence, indeed, will dictate that governments long established should not be changed for light and transient causes; and accordingly all experience hath shown that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security. f...

In my last post in this series you may remember that judgement at the end of the hearing was reserved, well a new development took place this week, one which my legal friends assure me is never done; a draft judgement was issued and I was allowed to make comments on either typographical errors or on points of law, in advance of the handing down of the final judgement. As this is a draft judgement I cannot disclose the contents, but I have taken the opportunity to point out the grounds upon which I will rely for the resultant appeal to the European Court of Human Rights (this being my last available domestic remedy) which number six, so far. Whilst five are fairly standard points of law, for one of the points I finally submitted in writing the basis of my claim for non-membership of 'the Island of Jersey and its Dependencies' the jurisdiction in which all Jersey statutes operate and all administrative Courts (the Royal Court, the Magistrate etc.) operate. I therefore tho...

The Examiner  reports that 15 individual states have filed petitions with the recently re-elected President Obama to secede from the Union echoing the actions which lead to the US civil war in 1865. "Louisiana, Texas, Montana, North Dakota, Indiana, Mississippi, Kentucky, North Carolina, Alabama, Florida, Georgia, New Jersey, Colorado, Oregon and New York. These States have requested that the Obama Administration grant a peaceful withdrawal from the United States." The world's only honest politician, Ron Paul, has spoken The United Kingdom are of course facing our own form of secession in the form of a referendum on independence for Scotland (we of course face the BBC's assertion that the Scottish will vote against it which is not reflected in the opinions of the Scottish people I speak to) and the pressure on the UK to secede from the European Union continues to mount, and of course they will likely not be the first to seek greater independence. Big gove...

I last looked at The Construction Business in Jersey  about a year ago and I thought I would re-visit this and see what has occurred one year on. The first thing to note is that the income support allowance for accommodation has increased by just over 6% (from £661 to £701) which is of course significantly higher than inflation and significantly higher than the increase in average wages. Landlords have not been slow to pass on this 6% increase to their income support funded tenants, indeed many structure the leases to expire just weeks after the increase is announced, in order to gain full benefit of this government handout . A handout which of course does not benefit those most in need in any way, shape or form whatsoever. Housing too have not been slack in increasing their rentals which have gone up from 75% of the 'market rent' to 90% of the 'market rent'. Someone seems to have conveniently forgotten that this is caused by the increases in the...

Gorst has proven that UNemployment really is the highest priority for the States of Jersey On the Tom Gruchy blog there is a rather interesting post regarding the  Housing and Work (Jersey) Law 201-  and the Register of Names and Addresses (Jersey) Law 201- . Two rather interesting points are raised; firstly that it is possible to petition the Privy Council directly on legislation passed by the States of Jersey which I only discovered thanks to Tom Gruchy the second being exactly how one should feel about these laws coming in. Firstly we should examine the purpose of this legislation - there is the publicly stated purpose (which can be discovered from reading the Hansard of the debates which have taken place in the States) and there is the underlying purpose, the real purpose, the hidden purpose which can only be inferred but is the real reason that the Civil Service want the laws enacted. The stated purpose is to protect the local community from migrants who put...

Britain rose to pre-eminence in the world in the wake of the Napoleonic Wars as the only major power who was not ravaged and whilst the outcome of these wars also set the seeds of its ultimate destruction, the peace deal laying the foundations for the re-unification of Germany and with the sale of the French territories in America to the United States Britain's two major economic competitors were born. One of the key economic innovations which allowed Britain to gain supremacy was the development of banking and financial markets. Britain's reign from 1815 to 1915 has some key points along its route, the first being the social revolutions which swept Europe around 1848, followed by the Crimean War in 1853, by the time the US Federal Government overwhelmed the Southern states who favoured a looser form of federalism in 1865 and German unification was completed in 1871 the end of Britain's reign was assured but the long lingering death took another lifetime to complete....

A nasty Golden Harp could soon have its cords plucked, with the resonance working to shake loose the bankster cover of improper illicit duplicitous and probably highly illegal usage of Allocated Gold Accounts. When diverse scattered accounts are pilfered and depleted without authorization in Switzerland, resulting in several multi-$billion class action lawsuits in Zurich, all kept dutifully out of the news, that is one thing. But when a few key official government gold accounts are ransacked in systematic fashion from established trusted locations, defying and betraying the trust of the German government and other national governments, that is quite another. To be sure, the system can tolerate ransacking and replacing with scurried harried efforts the Venezuelan gold account like in 2011. The media told the story with creativity and aplomb, avoiding the truth, inventing a tale, but finding a credible pile of dung to feed the public, which swallowed it whole. The global monetary wa...

I had the opportunity this week to attend the Royal Court to seek leave to appeal against a decision of the Jersey Employment Tribunal. Having explored exactly how to beat a proceeding in the Magistrate's Court it was time to take on supposedly more difficult opposition; the Jersey Employment Tribunal. It was a highly educational and informative session as usual. The case I presented was sufficiently interesting and complicated to conclude with a reserved judgement pending further research. I shan't go into the details of the case as they are sub-judice, but I hope of course to continue my winning streak against the forces of repression and hopefully see an end to the Employment (Jersey) Law 2003, a law which serves little effective purpose other than to increase unemployment in Jersey. I submitted my paperwork, detailing the free man position that jurisdiction must first be established. The Commissioner asked me where I had developed the theory from, to which I natu...