From the Summit of the Moral High Ground

Syria is about the last gasp for the Petro-Dollar, the emergence of energy pipeline geopolitics, the rise of the NatGas Coop, the new dominance of Russian Gazprom, the eclipse of OPEC, the fall of the house of Saud, and a grand adjustment process in global commerce and banking. Refer to trade settlement outside the USDollar and diversification away from USTreasury Bond reserves management. It took some time to realize it, but the Cyprus bank incident was a misdirected attack against Gazprom. It failed.  The entire Arab Spring movement, an ambitious disruptive project waged with foolhardy ambitions, has turned on itself. Egypt fell, its US puppet discharged. The entire North African region will be in flames soon. The USGovt interfered with a grand industrialization project for European industry, to be placed on North Africa intended to take advantage of cheaper labour, available minerals, nearby resources, and easy shipping. The resentment of Europe will show up in the future....

The role of a States Member, as trustee of the Public, has not really been examined so I thought I would look into it for the benefit of our States Members to help to improve their performance and begin to re-build the trust of the Public in their representatives: For inspiration I have looked at the duties of a trustee: Carry out the expressed terms of the trust instrument Defend the trust Prudently invest trust assets Be impartial among beneficiaries Account for actions and keep beneficiaries informed Be loyal Not delegate Not profit Not be in a conflict of interest position Administer in the best interest of the beneficiaries As you can probably imagine, executing their duties as States Members is not going to be an easy task and requires selflessness. So moving on to the Rights of every human, which existed before any government and will last beyond every government. "All human beings are born free and equal in dignity and rights.They are endowed with re...

Flicking through the  Gross Value Added  statistical report published in September 2012 I noticed something odd. I decided to re-state the figures to look at the relative growth of the private sector and public sector in Jersey, the results reproduced below are to say the least shocking. Are you feeling the squeeze of increased government at a time when your business is not growing? Are your taxes and operating costs increasing whilst your turnover and profits are not? The results ably demonstrate why and the blame lies squarely on the shoulders of government.   Total  CUMULATIVE  GROWTH CUMULATIVE  GROWTH CUMULATIVE YEAR  GVA 1 PUBLIC 1 PRIVATE 1 1999 5% 105% 6% 106% -1% 99% 2000 4% 109% 3% 109% 1% 100% 2001 -3% 106% 3% 112% -6% 94% 2002 -3% 103% 1% 114% -4% 90% 2003 -4% 99% 2% ...

Satyagraha was the system developed by Gandhi in his struggles against the governments of South Africa and the British Raj in India. The truth is that we in Jersey now face the same problems as Gandhi did; trying to educate a government which no longer serves the people who have entrusted authority in it as to how it should operate. The first lesson to fully understand however, is not in how to overthrow a government but in how to conduct oneself in such a campaign. As Gandhi wrote: "Truth (satya) implies love, and firmness (agraha) engenders and therefore serves as a synonym for force." "I thus began to call the Indian movement Satyagraha, that is to say, the Force which is born of Truth and Love or non-violence, and gave up the use of the phrase “passive resistance”, in connection with it, so much so that even in English writing we often avoided it and used instead the word “satyagraha” itself or some other equivalent English phrase."  "...

The true Gold price is PP in the graph, while the phony price is P* since it is associated with supply shortage and excess demand. A picture might be worth a thousand words, but sometimes a picture requires a thousand words to explain its full meaning. The true Gold price is very much unknown, hotly debated, and unclear even to the professionals in the business of selling it in either small or large quantities. Tremendous variance in supply across the world will become more common, seen as pockets today. The new wrinkle to float from the ether is the wide perception that the gold market is corrupt, that futures contracts are corrupt, that the official inventory accounting is corrupt, that the bond market behind the fiat currency system is corrupt, that the derivative market that supports the banking system is corrupt, that the bank asset accounting is corrupt, and that the leaders are members of a corrupt corporatocracy that hardly steeps in democracy. The perceptions tow...