From the Summit of the Moral High Ground

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...

The general elections of most countries with parliamentary systems have largely functioned in the same way. They have had some regular alternation between two parties, one ostensibly left-of-center and one ostensibly right-of-center. In these systems, there has been little difference between the two main parties in terms of foreign policy and only a limited set of differences on internal politics, centering on issues of taxation and social welfare. However, the actual mechanics of the elections in different countries vary but is has been virtually impossible for “third party” candidates to win elections or to be more than “spoilers.”  Up to now, Libertarians have largely run as “third party” candidates. Libertarianism has never been, therefore, an important force in affecting policy choices or electoral preferences. The seriousness of the attempts by Sen. Rand Paul to obtain the Republican nomination has changed all that. Libertarianism is most simply defined as a basic ho...

One outstanding prediction from the Golden Jackass is that Germany will be the nation to leave the Euro and will turn East, this prediction was made several months ago but we are finally beginning to see the signs. Is the Treaty of Rome headed for failure? The European Central Bank's interest rates are too low for Germany, Bundesbank chief Jens Weidmann said on Saturday, adding that ECB monetary policy should remain expansive for no longer than absolutely necessary.  "It is clear that monetary policy, when seen from a German viewpoint, is too expansive for Germany, too loose," Weidmann told a crowd at the start of the open day. "If we pursued our own monetary policy, which we don't, it would look different."  Bundesbank Vice President Claudia Buch said property prices were overvalued in some big city areas in Germany by up to 20-25 percent. ( Reuters ) Germany a nation of prudence which has lived though a period of hyper inflation (just on the ed...

The Economics of House Building and the Plemont Decision The cost of building a house if they are shipped in pre-constructed from Poland (and thus built to survive a Polish winter, a much higher spec than say Dandara properties) is in the region of £85,000 with probably £15,000 to lay the foundations and to connect all essential services. So we can assume since building firms choose not to use these properties that the cost of building in Jersey is less than £100,000 per 3/4 bedroom property. Take note when you see new builds advertised for £650,000 just how much profit the developer is making per property! Turning to Plemont. All the houses would have been built on what is currently green and the green area in the middle would have been laid over what is currently built on. The cost of removing the asbestos is in the region of £1 million. The cost of levelling the existing buildings and digging out around £200,000 So the cost of destruction and construction assuming th...