From the Summit of the Moral High Ground

Well what a week it has been... The results of today's Japanese election (an overwhelming victory for Abe the King of Global Quantative Easing). The Associated Press wrote "Despite weakening popularity ratings, a recession and messy campaign finance scandals, the Liberal Democrats were virtually certain to triumph thanks to voter apathy and a weak opposition." And there you have it: the apathetic Japanese people have spoken, or rather chosen not to. As a result, when the entire Japanese house of Ponzi cards comes crashing down for the final time, they will have nobody but themselves to blame. Which, incidentally, is the case in every other "developed" nation including Jersey. Because UAE's Energy Minister Suhail Al-Mazrouei said OPEC will stand by its decision not to cut crude output "even if oil prices fall as low as $40 a barrel" and will wait at least three months before considering an emergency meeting. In doing so, OPEC not only co...

So what a day today was in the world; it started in China - China Securities Depository and Clearing Corp (CSDC) said in an announcement after the market closed on Monday that with immediate effect, only corporate bonds with the highest rating of AAA and those issued by firms with a high rating of AA and above could be used for bond repurchase. Analysts say the regulators' exclusion of lower grade bonds from being used in bond repurchase contracts, a key source of secondary liquidity in trade, increases the risk of trading such bonds, depressing demand and putting upward pressure on yields. (You may recall that for example, Amazon Inc bonds, are rated BBA and so would be excluded). This immediately removed $80 billion of eligible collateral and lowered the fx rate to 6.2 Yuan per dollar. The knock on effect was that money that banks had borrowed in Japan (at 0% interest) and placed in Chinese bonds (earning 2% interest was swiftly repaid). This 2% money for nothing earnt b...

Egalitarianism is the favorite religion of the left. It has gotten to the point that no one even bothers to question whether equality is in fact a desirable goal for society. It is taken as given. The problem is that “equality” is a very, very broad term, with myriad meanings and interpretations. When conservatives and libertarians talk about equality, they usually mean equality of rights, of treatment under the law, and to a certain extent, of opportunity. By contrast, when progressives talk about equality, they mean it in a much more sweeping sense. Everyone should be given equal medical care, men and women should be paid the same amounts, and the fact that CEOs make more than factory workers is somehow to be decried. Both of these approaches have their problems, the most important being that it only makes sense to treat things as equals if they actually are equal, a condition that is rarely met in the real world. A perfect example is the continual harping on “equal pay ...

They say be careful what you wish for. And, as is often the case, "they" are right. As a kid, I wished the world favored the smart. I was a smart kid, and it seemed like the world - at least my world - was dominated by bullies and airheads. Might made right, just like in the times of old. My high IQ and love of learning were no match for popular dolts, so a portion of my childhood was wasted just trying to disappear into the background. Unknown to me at the time, much of the adult world operated the same way. It didn't take a lot of intellect to have a respectable, enjoyable middle class existence in the world of the 1980s. The willingness to put in a full day's work (or, if protected by a union, a portion of a day's work) was enough to trump the potential impediment of a double-digit IQ. As I've mentioned before, most Jersey people had a nice house, a second house to rent out, and plenty of leisure time, and they worked as street cleaners and bin men. ...

Simply put, QE can never be halted or even slowed. The USFed is in a corner, with no policy options, facing collapse, with no ability whatsoever to halt the systemic failure in progress. It can only rely on hidden machinery and profound lies, against a background of constant economic propaganda. The central bank franchise system wrapped around the fiat paper currency regime has failed. They cannot stop it, not even with endless bond fraud and endless war, the new twin towers of the fascist state legacy. The entire financial structures have become fully dependent on easy money and debt financed by a printing press, buttressed by derivative machinery. The Uncle Sam bearing the USDollar emblem is like a pathetic heroin addict brandishing a modern howitzer. The USDollar is fast losing its integrity, during a dangerous global rejection episode.   Therefore, QE must be exported, the easy candidate Japan. Call it Operation Tokyo Twist. Heavy pressure, threats, and subterfuge a...

From its very inception, the Leninist/Marxist ideology of the Soviet Union made it a central priority to dispel and subjugate religious and spiritual expression. The state was “god.” No other god could be allowed to flourish, for if the people were given license and freedom of belief in something beyond themselves and beyond the establishment, they would retain a sense of rebellion. The collectivist philosophy requires the utter destruction of all competitors; otherwise, it can never truly prevail. Atheism became the cult of choice among the communists, for in an atheist world there is nothing beyond the veil. There is no greater goal and no inherent self. There is no true individualism, only self interest (not the same thing), the trappings of environmental circumstances, and the constant substantiation of the greater good. By extension, there is no inborn moral compass or conscience, only the social fashions and mores of the moment. In such a world, tyrants reign supreme because...

Anyone who studies what is happening in macro-global economics can clearly see that there are just three steps to go to the return of a gold standard. Saudi Arabia accepts payment for oil in currencies other than USD Germany leaves the Euro The gold price in the Shanghai gold market is set at double the price on the UK & US markets What this means for Jersey Jersey is totally dependent on the banking system of the United States for its living. The City of London is the offshore centre for the US banks and Jersey, the offshore centre for the City of London. With the stuttering stock market and announcements recently that interest rates will not rise, rendering our recent emergency budget incorrect just two days after the election. Poor stock market performance will affect not only the government's income but the fees collected by Jersey's finance industry meaning that we can expect further job cuts and lower than budgeted corporation tax receipts. As t...

Politics is not a matter of right and left, liibertarian and authoritarian, it is a matter of right and wrong. All these things will I give you,  if you will fall down and worship me. Quite unbelievably the island has voted to hasten moves to place all power in one man's hands, If all men are created equal then how can it be right that one person alone makes decisions for everyone? How can those decisions benefit everyone equally? The corrupting influence of this absolute power, free from external UK control when we get full indpendence. Our organised religions teach that there is one all powerful god (although this is a corruption of the words ascribed to Jesus who said "we are all gods"), I wonder if somewhere in our collective cosciousness you (because it sure was not me!)  are seriously trying to recreate that on this island. But our orgaised religions also teach us that the god of this world is satan. So who shall we set as our Prince of Darkness? Philip ...

Following the election in which Jersey appeared to moved towards an "Establishment" line I thought it was appropriate to examine what exactly the establishment is. The short answer is - that we are nearly all the Establishment. With the exception of those few of us who are truly Libertarian. However to explain the short answer requires some degree of explanation. That many Libertarians are very well read in theology may surprise you, but the whole notion of an establishment is a fundamental religious concept, which we have recreated in our human societies. First let's note that whether or not you believe in "God" for the moment, whether or not you are religious that these beliefs have been the foundation of our society and laws for so many generations that they are inescapable. They are imprinted upon our conciousness, individual and collective. John 10 33 The Jews answered Him, "For a good work we do not stone You, but for blasphemy; and becaus...

Exhausted from Life's Treadmill I wish I had a silver ounce for every time I’ve heard the phrase “ It is human nature…… ” or some such derivative or derivation. Alan Greenspan recently popped to the surface of his personal cesspool to proclaim it is human nature to create financial bubbles, thus absolving himself of any blame for a runaway fiat candy machine. His exact words were “ Bubbles are functions of unchangeable human nature . ” I will stifle the urge to flush Greenspan back down the commode where he belongs and instead focus upon the mistaken belief we can actually determine exactly what is ‘human nature’ after hundreds if not thousands of years of social conditioning and manipulation. Our fragile egos, both personally and as a collective, have a difficult enough time accepting “ We the People ” are effectively influenced by ‘popular culture’, let alone that we would seriously entertain the idea we are thoroughly conditioned humans from birth. But considering we ...

You may not think that the price of shares matters to you, especially if you do not invest in the stock market, however this is not necessarily true. Your government does invest in the stock market, if you have a pension then the money you pay in is likely invested at least in part in the stock market. The £1.6 billion social security fund is entrusted to an investment manager and they decide which investments to make or not to make. Share prices are doing pretty well at the moment, with anew highs almost daily, but all is not as rosy as it might be. Stocks do go down as well as up, and what if they go down? First, three weeks ago, it was the BIS . Then, last week, it was Janet Yellen , who during last week did what no Fed Chairman had done before: commented on stock prices, and what's worse she had her "irrational exuberance" moment when the Chairmanwoman of the Fed explicitly stated that biotech and social-network stocks are in a bubble. That she finally a...

It is finally happening in full view, in unmistakable manner, in a way that the awake, the aware, and the conscious can perceive in alarming stunning terms.  The central force of Europe, the industrial juggernaut, the stable core, has begun to pivot East. The Germans have had enough, fed up with destructive US activities of all kinds. For the last few months, they have been laying out their indictment, their justification, their reasons to abandon the corrupt US-UK crowd.  The bank wreckage, the market rigging, the endless wars, the sanctions which backfire, the sham monetary policy, the economic sabotage, the spying, the gold gimmicks, it has finally reached a critical level. Germany has begun to move East in full view. Only the deaf dumb and blind cannot notice, and they will probably never notice. They are fodder. The awaited signals seen by the Jackass have finally arrived.  The grand stage leans East for the European players, with steps taken to the rig...