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rembrandt

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About rembrandt

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  1. Tough time's coming but not for John Major who has been coining it at the Carlyle group (who are on records as stating that the bottom of the economic collapse is going to give their private equity strategists the buying opportunity of a lifetime). Just another establishment figure peddling VI solutions. In fact you will see a range of these offered at the next election but the unifying theme that the bill and the pain for the debt crisis is going to land in the lap of the masses while the elites walk away with their ill earned gains from the boom years. Worse their will be no shortage of idiots on this site cheering them on as they socialise the losses while privatising the.profits. Frank Zappa was right stupidity not hydrogen is the most common element in the Universe If the people of this country had an ounce if b*lls they would string them all up from the nearest lamp post next Monday.
  2. The Scottish results are a pointer of troubles to come for Cameron if the Tories do win the General Election. I am expecting the Scots to abscond with what little is left of North Sea oil some time before 2016.
  3. Indeed, local government elections can turn on a few hundred votes or the presence or absence of certain parties in the ballot.. Down here on the South Coast in West Sussex the Tories have won nearly all the seats but the presence of UKIP for the first time on local ballot papers has actually eaten into the Tory majority. Perhaps the greatest irony is that after a few elections when they singularly failed to turn up at the polls, Labour actually fielded some candidates in my ward. They grabbed just enough support to save the sitting Tory Councillor from being turned out by the Liberal Democrat who would almost certainly have picked up these votes in other circumstances.
  4. Thanks for the update. This is the big story going forward. Needless to say most of the press will ignore it favour of Britains' Got No Talent or MPs blagging Garden Gnomes on expenses.
  5. What is good for GM is good for America !! Hope all US Treasury holders remember that piece of wisdom.
  6. The term Liberal Fascism is an oxymoron. I assume this book was written by an American who has not got a clue about the origins of Liberalism. http://en.wikipedia.org/wiki/Liberalism Making a link between strands of Socialist thinking and Fascism is hardly world shattering concept as the same idea occurred to the founders of the Nationalsozialistische Deutsche Arbeiterpartei (National Socialist German Workers' Party) better known to history as the Nazis. Nor is pointing out the similarities between elements of FDRs New Deal and many aspect of Nazi economic policy startlingly original as I seem to remember the same aarguments being outlined by the authors of one of my A level history text back in the 1970's. That alone was not enough to make Roosevelt a fascist. The attached list is good starting point for considering what consitutes a fascist state http://www.rense.com/general37/fascism.htm Sadly the current UK government has made a pretty good attempt of ticking over half the list. I expect its replacement will work their way through the rest of the schedule.
  7. Telegraph is being a bit economical with the "the actualité" itself here since quite a few companies pay for the completion of the Tax Returns of their officers (interesting to know how the Barclay Brothers pay for such things). The question of whether it is a deductible expense for tax purposes is another matter but the Telegraph would need to see what was being claimed on the tax returns to speak on that subject. MPs tax returns are a bit more complicated than that completed by individuals who have a few savings and investments since they have to complete a special schedule relating to their office http://www.hmrc.gov.uk/sa_drafts/sa102mp_notes.pdf Of course, it might be an idea for all Tax Returns, including those of MPs to be made public but I am not sure that the owners of the Daily Telegraph or Daily Mail would be keen on that idea as we would then be able to see how little tax they were paying as a Private Eye has been stating ad nauseam over the last few years.
  8. Well to play devils advocate UK population growth in the 18th century seems to have been triggered by the Agricultural Revolution that predated widespread industrialisation. The population doubled between 1750 and 1820 which was before the widespread use of fossil fuels. These farming practices were spread around the world by the British in the 19th century and played a major role in triggering population growth upto 1900. Farm mechanisation and the use of hydrocarbon based industrial fertilisers really only became widespread in the 20th century. There is a correlation but it is not quite as simple as you suggest.
  9. I see the two bald men are arguing over who is going to have the comb again.
  10. US Strategic reserve is about 700 million barrels which is a bit more than one days global consumption at 85 millions barrels per day (not that the Americans intend to share it with anyone else or to use it for everyday consumption). http://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve
  11. She is crackers but I like her blog. Although she often spouts obvious rubbish, on other occasions she gets it spectacularly right. She was one of the first people to spot the importance of the failure of the monoline insurers such as AIG
  12. All part of the same issue http://www.nakedcapitalism.com/2009/05/mar...in-finance.html We can not fix the problems in the financial sector because the politicians wont or cant address them. In the end their negligence and the greed of the banking sector will kill London as a financial sector. It will just join the long list of failed British industries.
  13. Well one way governments could have avoided this problem was by not bailing out the rotten financial system that put us into this mess in the first place.Most of this 'unprecedented public debt' did not exist two years ago. It has been created to bail out Wall Strret and the City. Given the populace fury at the MPs expenses scandal (pretty small beer compared with the rampant corruption in the banking industry) I think this is going to be one crisis that they are not going to be able to smooth over with another series of the X Factor. As always in the run up to revolutions the more that people try to prop up the status quo the more likely they make it that the established order is going to be overthrown.
  14. Coming to a planet near you soon. The big mistake people made when the Berlin Wall came down was to assume that an end to ideological differences meant an end to conflict. If they had spent a few hours researching the origins of World War I they would have known that the idea of the 'End of History' was nonsense of the first order. In 1914 nearly all the monarchs of the Great Powers were cousins and many of the leading European aristocracts were related. Despite the shared culture and interest of the elites It did not stop a cataclysmic war in which millions died.
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