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29th June,
Quote:
“The aim is of course to make the €uro an
irreversible project” |
Ever the comedian, Herman van Rompuy, As noted elsewhere in this blog
Obama's
Metaphor Bread - 10th June 2012 |
A Dublin bakery doesn't just produce unusual breads. Despite my oft-expressed contempt for the US president (who, somewhat gratifyingly if unfortunately, has consistently fulfilled my worst expectations), I recently bought a delicious-looking loaf of sliced, healthy-looking bread, whose label declared that it was “fit for a president”. It was apparently “Created to Celebrate the Visit of Barack Obama to Ireland” in May 2011. The loaf was dark, with little titbits of tasty seed and luscious fruit, rich in texture, deep in flavour and full of promise. Even the name of the bakery, “Soul”, evoked something romantic - indeed soulful - from African-America's deep South. The first few slices were indeed inspiring and delicious. But after a short while something strange and unexpected happened. The loaf rapidly began to crumble, until it became impossible even to remove a slice from the pack. It just came away in your hand. In the end the loaf had collapsed into a pile of tiny morsels that you could eat only with a spoon. I threw the remains out to the birds who made short work of it. But what a metaphor for the president it celebrates. Dark and mysterious, he too began with such high expectations for so many people. Yet within a very short time, his promise and inability to deliver anything of worth were cruelly exposed, as his presidency began to crumble away into fecklessness. As he nears the end of his (inevitably only) term, what remains of his legacy, after Omacare has been repealed by President Mitt Romney, will be fit only for the consumption of wild animals. Indeed, prior to coming to office whatever he had produced had also disappeared into nothingness, other than his two best-selling unread books, both about himself. He is a man of glitz, glamour and teleprompters, but without substance or achievement. I had thought the Soul Bakery simply produced good and unusual breads. I had no idea it was also in the business of geopolitical commentary and metaphor.
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Voting No to the Fiscal Union/Stability Treaty - 28 May 2012 The FU Treaty, if ratified, will inevitably load the massive debts
Fiscal Stability Treaty is one of the nicknames for the new “Treaty on Stability, Coordination and Governance in the Economic and Monetary Union”. The nickname I prefer and will use in this post is Fiscal Union Treaty, or FU Treaty, for reasons that my bias makes obvious. It was signed on 2nd March 2012 by the governments of 25 EU countries; the UK and the Czechs wisely refused it. Without everyone signing, it is not an EU treaty, just an international treaty. Ratification requires a two-thirds majority of the seventeen €uro countries, ie twelve, which will allow it to come into force on 1st January 2013. Up to June, only Portugal, Greece and Slovenia had, which all use the €uro. The demands of the FU Treaty are simple and and mostly twenty years old: they first appeared in the Maastricht Treaty of 1992 which agreed to establish the €uro.
·
The deficit (expenditure
less tax) must be kept less than 3% of GDP
o
Ireland's is now 12.8%
·
Public debt must be kept less than 60% of GDP
o
Throughout Ireland's boom, this was under 40%.
o
It is now 108%, heading for 120% next year,
o
and includes 40% for paying the failed gambling bets of privately-owned
Irish banks that were inexplicably foisted onto Irish taxpayers
·
The gap between public debt and the 60% limit must be closed by 5% per year
o
indicating 20 years of cuts
·
The punishment for breaking the limits is 0.1% of GDP
o
In Ireland's case this would be €170 million in 2012
·
As mentioned, the limits date back to 1992.
·
Then in 1997, under the
Stability and Growth Pact, the
limits were reinforced with financial punishments; this was at the behest of
Germany and France
o
who then promptly broke the limits and went unpunished.
·
More punishment (the 0.5% of GDP) arrived in October 2011 when the
Six Pack agreements were signed.
·
Then the
European Stability Mechanism was set
up to provide bailout funds -
o
but only for those who ratify the FU Treaty
o
(See
next post about the totalitarian
intrinsically corrupt nature of the treaty setting up the ESM)
So there's nothing much new in that FU Treaty.
The YES arguments - at least the few that I have heard - seem
to boil down to just a few principles:
·
Ratification will provide future budgetary discipline.
o
However as the charts above show, Ireland never breached the limits in the
build-up to the crash, therefore this solves a non-existent problem for
Ireland.
·
Ratification will provide access to further EU bailouts and loans, and at
cheaper rates than the open market
o
This will spread the pain out over a longer time
·
It has become the principle raison d'être for ratification
o
The ESM Treaty, moreover, demands ratification of the FU Treaty as a
condition of disbursement.
·
Ratification will demonstrate that the Irish are good EU citizens
o
However their behaviour has been exemplary throughout membership, so this
should not be in doubt
·
Ratification will save the blushes of governing politicians
·
Who are self-evidently terrified of everyone in Brussels
The NO proponents, the Naysayers, divide into those of the
Left and of the Right.
For the Leftists,
·
The FU Treaty locks in budgetary discipline for the foreseeable future
o
This means it creates “permanent austerity”
·
It also further de-democratizes Ireland (it certainly does)
o
by removing peoples' elective power to make budgets
o
in favour of unelected EUrocrats
·
Ireland can anyway always access funds (ie extort more money) -
o
From the EU, IMF, markets, taxation, whatever.
o
No evidence is ever presented to support this rosy optimism
For the Rightists,
·
The FU Treaty solves a non-problem for Ireland - the current crisis was not
caused by lack of budgetary discipline
·
The rules have been in place since 1992 anyway
·
The prime cause of Ireland's distress is private banking debt (“the extra
40%” in the chart above) that has been passed onto taxpayers
o
Ireland's solution is to reduce this debt
o
The FU Treaty ignores this
·
Only drastic spending cuts will cut the deficit (see figures below) and
allow Ireland to begin to pay down its debts
o
The threat of no bailout will help to force this action
o
An actual non-bailout will certainly force it
·
Bailouts only pass debts from adults, who incurred them, to children who
didn't
o
This is grossly immoral, akin to child abuse
And then there are the powerful international reasons for simply delaying
the Irish referendum until what the FU Treaty will ultimately contain
becomes clear. Among them -
·
Greece:
has no government because it is rejecting austerity.
o
It is likely to default and be ejected - or self-eject - from the €uro, with
untold consequences
o
(see “Inevitable
Grexit - How It Will Happen” below)
·
Netherlands:
the government has fallen because a coalition partner has rejected austerity
·
France:
the new president François Hollande and his finance minister say they want
to renegotiate the treaty to inject growth provisions (ie more borrowing)
·
Germany:
will delay ratification to the autumn due to the confusion.
How does it make sense to ratify the FU Treaty when its terms are so likely
to change?
Now let's look at some numbers.
The expenditures and taxes in the charts below come from the Irish
Government's own annual publications presented to the Irish parliament as a
constitutional requirement. They may be found at
http://www.budget.gov.ie; for example the 2011 figures are found
here. The GDP figures come
from annual OECD publications and/or Ireland's Central Statistics Office,
CSO. For example the 2011 figure may be found
here.
What the above chart shows is that Ireland's deficits (purple
bars) - the difference between what it takes in as taxes (reddish
curve) and what it spends (green curve)
- were acceptable throughout the boom times. But since 2008 they have
got out of control and at over €20 bn per annum they show no sign of being
reined in despite all the Government fine talk of
“austerity”
and footling cuts of
€4 bn.
To make it sound less terrible, the deficit is usually expressed in terms of
a percentage of GDP. Thus it is hovering around the 13% of GDP mark as
depicted by the orange bars below.
But it should really be seen in the context of the receipts, ie the
taxes, that are coming in, because this demonstrates the extent to which the
State is really overspending. The ghastly truth is revealed by the
light blue bars below. For every
two €uro the State takes in, it is spending an astonishing three €uro, and
shows absolutely no tendency for improvement. Such irresponsible
profligacy is utterly unsustainable and ruinous for future generations if
not corrected fast.
Why I'm a Naysayer
The main argument for the YESsirs boils down to guaranteed access to a
second bailout (in 2013?) should it be needed.
·
In other words the answer to massive debt is even more debt
·
Debt to be burdened by today’s adults,
o
onto children, babies, infants, foetuses, the yet unconceived.
o
This is simply immoral; it could be called a kind of child abuse, but one
that will last the lifetime of the child.
·
During and since the boom, Ireland has become addicted to debt
o
Giving Ireland more debt is like giving
o
Whiskey to an alcoholic
o
Heroin to a druggie
o
Women to Dominique Strauss Khan, Silvio Berlusconi or Bill Clinton
·
Ireland needs to go cold turkey to break its deadly addiction
·
It has to balance its budget,
o
enduring short term severe pain in exchange for long term freedom.
o
Latvia and Iceland did precisely this and after two years of agony they are
now growing healthily and there is hope once more for their people
·
Simultaneously Ireland must demand that its debts be reduced,
o
in particular that “Extra 40%” must be removed
o
and if necessary defaulted
upon.
The Latvian Prime Minister Valdis Dombrovskis
spoke eloquently about the need for
the dreadful, if short-lived, austerity that he imposed on Latvians in
2008-09, which drove Latvia to a 25% recession - at that time the world's
worst:
“It’s important if adjustment is needed, to do it quickly,
Perhaps he was echoing Macbeth, musing about how to approach a necessary
assassination:
“If it were done when 'tis done,
Their messages are clear. Bad stuff is best carried out as swiftly as
possible; delay only makes things worse. This doubtless applies
equally for cancer treatment and other brutal medical cures, and certainly
when it comes to rectifying major engineering mistakes.
I am voting NO to the FU Treaty in order to bring on the necessary, brutal
surgery that will rehabilitate Ireland for a generation or more. The
alternative is too terrible to contemplate.
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ESM Treaty - A Totalitarian Abomination
- 28 May 2012
The treaty to set up a €urozone bailout fund is totalitarian and
I have only recently been perusing the detail of the ESM Treaty, that is the
“Treaty
Establishing the the European Stability Mechanism”,
to give it the full title. It was signed on 2nd February 2012 by the
seventeen members of the €uro area, each of which becomes a member of a
newly-created EUrocracy, the European Stability Mechanism, ESM. This
is intended to lend money to distressed members, even though such bailouts
are expressly forbidden under existing EU treaties. This is why
“Decision
2011/199/EU”
had first to be enacted (no, I didn't know this had been done either), whose
key provision states in Article 1 (of just three) that “The
Member States whose currency is the euro may establish a stability mechanism
to be activated if indispensable to safeguard the stability of the euro area
as a whole”.
To create an initial total of €700 billion, each €uro member will make a
contribution, in accordance with a mysterious
“key”
percentage whose calculation is not clear to me. Ireland's
“key”
is 1.6% meaning it will have to pay in €11.1 billion it doesn't have.
Under preamble (5), access by a €uro member to the ESM is made conditional
on its ratification of the FU Treaty on which Ireland will vote on 31st May.
This is sometimes referred to as the
“blackmail”,
or “gun-to-the-head”,
clause.
This is by no means the worst of the Treaty. Consider the following
articles.
ARTICLE 10 - Changes in authorised capital stock
1. The Board of Governors ... may decide to change the authorised capital
stock and amend Article 8 [“Authorised
capital stock”]
and Annex II accordingly.
So at their whim, they can simply demand more money, without limit.
ARTICLE 9 - Capital calls
3. The Managing Director ... shall make such capital call(s) as soon as
possible ... ESM Members hereby irrevocably and unconditionally undertake to
pay on demand any capital call made on them by the Managing Director
pursuant to this paragraph, such demand to be paid within seven days of
receipt.
And member states must pay up within just a week
ARTICLE 8 - Authorised capital stock
4. ESM Members hereby irrevocably and unconditionally undertake to provide
their contribution to the authorised capital stock, in accordance with their
contribution key in Annex I. They shall meet all capital calls on a timely
basis in accordance with the terms set out in this Treaty.
Members have absolutely no basis or right to argue about demands for money
ARTICLE 32 - Legal status, privileges and immunities
3. The ESM, its property, funding and assets, wherever located and by
whomsoever held, shall enjoy immunity from every form of judicial process
6. The premises of the ESM shall be inviolable.
The ESM is above and immune to any law anywhere for any purpose
8. To the extent necessary to carry out the activities provided for in this
Treaty, all property, funding and assets of the ESM shall be free from
restrictions, regulations, controls and moratoria of any nature.
9. The ESM shall be exempted from any requirement to be authorised or
licensed as a credit institution, investment services provider or other
authorised licensed or regulated entity under the laws of each ESM Member.
No statutes or conditions anywhere shall impede the activities of the ESM in
any way
ARTICLE 35 - Immunities of persons
1. In the interest of the ESM, the Chairperson of the Board of Governors,
Governors, alternate Governors, Directors, alternate Directors, as well as
the Managing Director and other staff members shall be immune from legal
proceedings with respect to acts performed by them in their official
capacity and shall enjoy inviolability in respect of their official papers
and documents.
The immunity extends to the management and staff of the ESM; they can do
whatever they like with complete impunity. A more comprehensive recipe
for fostering and protecting corruption would be hard to devise.
ARTICLE 33 - Staff of the ESM
The Board of Directors shall lay down the conditions of employment of the
Managing Director and other staff of the ESM.
There can be no external scrutiny of employment practices; the Board can pay
(themselves and) their staff as much as they want without fear or favour.
More invitation to corruption.
ARTICLE 36 - Exemption from taxation
1. Within the scope of its official activities, the ESM, its assets, income,
property and its operations and transactions authorised by this Treaty shall
be exempt from all direct taxes.
4. Goods imported by the ESM and necessary for the exercise of its official
activities shall be exempt from all import duties and taxes and from all
import prohibitions and restrictions.
5. Staff of the ESM shall be subject to an internal tax for the benefit of
the ESM on salaries and emoluments paid by the ESM, subject to rules to be
adopted by the Board of Governors. From the date on which this tax is
applied, such salaries and emoluments shall be exempt from national income
tax.
Everything and everyone is of course tax-free, except for an
“internal
tax” devised
solely by the ESM for the ESM, in other words it is circular and
meaningless.
So the new ESM EUrocracy can demand from EU States unlimited money (ie in
excess of the initial €700 bn) at will with just seven days notice, which EU
States “irrevocably
and unconditionally undertake”
to pay.
Moreover both the ESM and even
its staff are immune forever from prosecution or even examination.
Oh and nobody pays any real taxes.
It is as if the sole purpose of this treaty is to create a €700 billion
cesspool of corruption to enrich everyone who works in it and countless
other bodies that come into contact with it.
Of course this may not be its purpose, but it will most certainly be the
result, as sure as night follows day.
It is utterly totalitarian.
And why does the ESM Treaty apparently not require an Irish Referendum as
the FU Treaty does? The Irish Constitution could hardly suffer a greater
violation than this abomination. Nevertheless, inexplicably,
the Attorney General has apparently advised
that it doesn't.
Here is an excellent summation:
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Inevitable Grexit - How It Will Happen
- 28 May 2012 Greece
is already on the path out of the €uro; Greece is
faced with a choice: accept EU bailouts but with harsh austerity conditions
attached, or reject both. Further negotiations may soften the terms
somewhat, but it inconceivable that Germany or anyone else will pour further
money into Greece without at least a fighting chance of getting some of it
back. Its needs are simply too great to be solved with unconditional
gifts, which is what the left wing movement is effectively demanding.
€uros are
already flooding out of Greek banks, because people are thinking that they
might be lost or confiscated in some way. And of course thinking makes
it so. Where those €uros are going is anybody's guess. Gold?
Swiss banks? Dollars? German securities? Under the bed?
The only relevant issue is that the money is disappearing and fast.
Greeks have withdrawn €72 billion
(30%) since 2010, and €700 million on Monday 21st May alone. There is
not a single reason to leave €uros within Greek banks. Greeks are not
stupid and they know it, prompting appeals from, extraordinarily, the
Greek police to trust the banks and
leave their money there. But it will be to no avail.
Late Note (reinforcing the trend alluded to above):
The Guardian
reported on 13th June 2012 that
·
an estimated €8bn flowed out of the Greek banking system in May 2012;
·
another €4bn was withdrawn in the last two weeks (ie since 31st May),
·
on top of an estimated €20bn since the start of the crisis in late 2009.
There is only
one way to stop the Greek tsunami of €uros, and that is to freeze all bank
accounts and impose capital controls, before the banks are completely
denuded. Perforce, this action will be denied right up until 5 pm on
the Friday that it happens, not very far in the future. A month at
most.
Then over the
weekend, every €uro note will be stamped with one word: DRACHMA.
(Or more precisely, ΔΡΑΧΜΗ). When the banks re-open on Monday,
all accounts will have been converted from €uros to Drachmas on a one-to-one
basis. But on the open market the new Drachma will trade at 20
€urocents if it's lucky.
The €uro
coins will probably have a notch filed off.
In due
course, new Drachma notes and coins will be produced.
There will of
course be uproar and riots across the country, maybe even a military coup,
but the basic move to the Drachma will be irreversible. Nevertheless
it will at a stroke drive down costs to a level where Greece, when it calms
down, will become competitive on world markets once more, albeit at the cost
of a massive cut in everyone's quality of life coming from the huge rises in
the cost of imports. But that is the inevitable consequence of
Greece's profligacy.
Whatever
chance Greece has today of paying down some of its €uro debts will vanish
once it's currency loses 80% of its value. So it will have no choice
but to default on pretty much everything, and thereby be shut out of credit
markets for perhaps a decade.
And it won't
stop with Greece. The minute Greece freezes bank accounts the effect
on the remaining PIGIS will be electric. No sane person will dare
leave his/her €uros in domestic banks, so bank runs will occur everywhere,
until further freezes occur. And, yes, further overstamped €uro notes
will ensue, followed by brutal devaluation, and various degrees of default.
To all
intents and purpose, that will be the end of the €uro except perhaps for the
few strong Teutonic countries such as Germany, Austria, the Netherlands,
perhaps Finland.
But are they
really strong? The target of
the PIGIS' defaults will, primarily, be the foolish German banks who
profligately and ignorantly lent a trillion €uros to various EU countries
(not to mention the Germans' additional trillion dollars of US sub-prime
junk), as well as other European and American banks. Remember
Newton's third law of economics:
For every
foolish borrower there is an equal and opposite foolish lender.
Undoubtedly
many of these foolish banks will crash, unless rescued from the consequences
of their private gambling debts by their national taxpayers, mugged just as
Irish taxpayers were back in 2008.
Either way,
the “strong”
countries are not strong at all and may ultimately also abandon the €uro;
for they are sitting on gargantuan debts that they know will never be repaid
in full and many not at all. Yet they continue to dishonestly simulate
health by showing these debts at full face value in their account books.
My advice:
Get your
money out of PIGIS banks now, while you still can. Only the
first to do so will be saved.
What Currencies to
Trust - 28 May
2012 There
are only three currencies in the world that are truly trustworthy; Having
advised people to get their €uros out of the PIGIS' banks as quickly as
possible, the question then arises, what do do with them. Better people
than I can advise whether to put your €uros into stocks, gold, securities,
gilts, under the bed, whatever. But I will say something if you want to retain your wealth in currency form. What currencies can you trust? Here are the three obvious ones you can't trust.
·
The €uro as discussed looks ever dodgier, even - because of the unpayable
debts they are owed - in the so-called “stronger” Teutonic
countries.
·
The UK is doing very little to protect £Sterling and seems to think
unlimited quantitative easing - ie printing banknotes - will solve its
economic problems when this will and can only erode everyone's worth by
creating inflation.
·
President Obama is doing everything in his power to destroy the US dollar
through debt, which he has relentlessly racked up
by
five trillion bucks in just three
years (it took GW Bush eight years to do this). It's now
nearly
$16 trillion, or $50,000 per citizen, and still climbing
relentlessly.
What makes a currency trustworthy? To me it needs to have just three
attributes:
1
Huge natural resources, preferably underground as this keeps them
safe until needed. Unlike anything else, natural resources -
principally hydrocarbons, minerals and precious stones - represent huge
intrinsic wealth long into the future 2
A relatively small population with which to share the huge natural
resources, ie there is plenty of spare capacity 3
The rule of law, whereby the chance of having your money confiscated
by the State, whether directly or indirectly (eg through deliberate
inflation), or access to it restricted, is minimised Only three
countries/currencies seem to fit these three criteria:
·
Australia, with its Dollar
·
Canada, with its Dollar
·
Norway, with its Krone (Time magazine
agrees)
My advice: Select one or
more of these currencies as alternatives to the doomed €uro.
10th
May,
Quote: “I
don’t hack, I just have a great rack.”
And she clearly does.
Campaign slogan by 19-year-old
Oxford University student Madeline Grant, touting for election as Librarian
of the prestigious Oxford Union.
The Union, in a fit of dreary
political correctness,
Apparently it is anti-feminist for
a feminine person
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National Leaders
and Child Rape
A
letter to the Irish Times on 4th May
2012 Sir, Let's see if
I've got this straight. A man becomes
aware, in the 1970s, of a vile child molester. Yet he fails to tell the
police or take any action that might put a stop to the molester's depraved
activities and even tells the child-victim to remain silent. So consequently
the molester continues child-raping with impunity for years. That man today
holds a senior position of authority. Ireland's
Tánaiste [deputy prime minster] Eamon Gilmore, Taoiseach [prime minster]
Enda Kenny and numerous other worthies who are not members of - and indeed
are hostile to - the entity which the man now leads, declare that he
“should not hold a position of
authority” and should
therefore resign. This sounds
most honourable.
Yet why then
do they remain so pally and respectful with Gerry Adams, the leader of Sinn
Fein? For decades,
he hid and facilitated his allegedly debauched, incestuous, child-molesting
brother Liam who is accused of routinely raping his own daughter Aine as
from when the little girl was just four years old. Oh, and used to beat up
her mother, his wife. Gerry not only protected his brother but got him work
in youth clubs where he had easy access to children [Ref
1]. Gerry was
outed as a child-rapist-protector only when Aine eventually told her story
publicly in 2009. Liam was finally arrested only six months ago on charges
of rape and gross indecency. Now, what was
that about Cardinal Sean Brady? Then, on
today's front page [Ref
2] Harry McGee reports that Northern
Ireland's “Deputy First
Minister, Martin McGuinness, said when the issue first emerged two years ago
he had said Dr Brady should consider his position. He said many Catholics
would be ‘dismayed’
at the new allegations and Dr Brady should reflect on his stated position
that he will stay on as leader of his church in Ireland.” Yet
apparently Mr McGuiness's own leader, being Cardinal Brady's fellow
child-rapist-protector Gerry Adams, does not need to “consider
his position” and can
happily “stay on as
leader of” Mr
McGuinness's own party Sinn Fein. A cynical
person might conclude that the current furore is more about attacking the
Catholic Church than being concerned about the rape of children. Yours etc,
·
Ref
1: “Revealed:
The full chilling story of how Gerry Adams lied to protect his paedophile
brother - and helped him work with children”, Daily Mail, 24
December 2009
·
Ref
2: “Brady
urged by party leaders to consider position”, Irish Times, 4
May 2010
Explanatory Note This letter
refers to the hypocritical uproar in Ireland over a BBC TV documentary on 2
May, “This
World: The Shame of the Catholic Church”.
This revealed, not for the first time, that Cardinal Sean Brady, the primate
of all Ireland (ie Ireland's most senior Catholic cleric), took notes when
he was a junior 33-year-old priest in 1975, of interviews by senior clergy
of children who had been molested by a depraved paedophile priest, Father
Brendan Smyth; the children were then sworn to secrecy. As he was
required to do, Father Brady then passed the notes to his superiors for
action (which they failed to take) but took no other action himself such as
informing the police or the children's parents. People are
now demanding that Cardinal Brady resign for his omission. Many of
these are lapsed members of the Catholic Church, non members, atheists, or a
combination, and virulently hostile to the Church. Meanwhile, all
these hand-wringers are silent about the widespread public knowledge
and acceptance of (albeit non-sexual) abuses by the Catholic Church that
existed in those days, whether in its industrial schools and orphanages
noted for their corporal punishment or its slave-labour Magdalene laundries.
·
Sight of children from such institutions being taken for walks in sullen
single file was commonplace throughout Ireland; mothers would often threaten
their own children with being sent there if they didn't behave.
·
The
Magdalene laundries would not have existed had not Irish men and women
regularly and knowingly patronised them with their dirty shirts and bed
linen. These were laundered at bargain prices thanks to the young
women confined in them and forced to work from dawn to dusk for no wages. The demands
for the Cardinal's head are akin to outsiders demanding the resignation of
the miscreant president of a private golf club. None of their
business. The demands are, above all, acts of spite against the
Church. Some may
think there is a case to bring criminal charges against the Cardinal.
But other than that his future is an issue solely for believing members of
the Catholic Church. Letter-writer
Jim Stack makes an apposite point about Father Brady's role in 1975 when he
argues that a fair analogy “would be
to a court clerk in a trial where the defendant is found guilty but
subsequently released to re-offend. Not even The Irish Times, one would have
thought, would blame the court clerk in these circumstances – even if the
court clerk went on to become a Supreme Court judge. 2 May,
Quote: “When the desirable jobs are
·
spending other people's money,
·
reporting on spending other people's money and
·
lobbying to spend other people's money
then you know
that the society is f***ed”.
Tim Worstall, a renowned British
blogger,
2 May,
Quote:
President
Obama's latest hare-brained wheeze,
This clearly means
+ no more slagging off Catholics
and their hysterics over abortofacients,
This is about Obama's latest
command that
Oh, yes, now I remember. Quran.
29th April,
Quote: “Fornication is
probably the single most likely cause of unwanted pregnancies in this
country.”
Michelle Mulherin, Fine Gael TD
for Mayo in the West of Ireland, shocks the country -
Her observation makes plain that
since fornication is wholly avoidable
Michael Jansen - Female Muslim
- 18th April 2012
For over twenty years,
Michael Jansen has been the Irish
Times' Middle East correspondent. In this two-minute clip, Jansen is exposed
on air for the first time as a female and a Muslim, which explains her
consistent anti-Israel, pro Palestinian/Hamas/Hezbollah bias.
Information Note:
This is the first Youtube clip I have published and the first video I have
produced.
To produce it I used
VideoPad Editor from NCH Software
and
Any Video Converter from AVC, both
of which are downloadable free of charge and easy to learn how to use.
Latin Lovelessness Perpetuates British Outposts
- 14th April 2012
Were Argentina and Spain to apply love rather than aggression,
It seems scarcely believable that three decades have already passed since
Argentina invaded what they call Los Malvinas and Britain calls the Falkland
Islands, on 2nd April 1982.
Notwithstanding Argentina's long-simmering resentment that Britain has held
these islands since 1833 (though they have in fact never fallen under the
sovereignty of nor been settled by Argentina), the attack was unprovoked.
It was designed to appeal to Argentineans' nationalism while distracting
them from the dire economic and political environment created and
perpetuated by the illegal military junta that ruled and tyrannised them.
And for a while it worked. Under tyrant General Leopoldo Galtieri,
Argentina had conquered the islands, raised its flag, suppressed the native
Falklanders and their few soldier-defenders and established itself as an
old-fashioned imperialist. Everyone cheered.
But
eight thousand miles away a
housewife didn't cheer; Margaret Thatcher was not amused. Prime
Minister of a former great power now in the throes of a seemingly terminal
decline that began after the First World War and accelerated after the
Second, she astonished everyone - not least her own countrymen and women -
by declaring that the invasion would not be allowed to stand.
And it wasn't. Within just three days, she ordered - to the
consternation of many of her senior commanders - the assembly of a huge
naval task force
comprising no fewer than 112 ships,
from aircraft carriers to freighters to hospital ships to tugboats, and sent
it off to the Falklands. 74 bloody days after the invasion, it
dispatched the defeated Argentineans back whence they had come, and the
warship
Belgrano, pride of their navy, to
the bottom of the Atlantic. By the time the Argentines had hoisted a
white flag, the
war had cost the lives of 649
Argentine military personnel (including 323 on the Belgrano), 255 British
military personnel and three Falkland Islanders, plus multiples of that
number of wounded.
Let us
rejoice, said the triumphant Mrs
Thatcher, who - heretofore trailing in the polls - was promptly re-elected
for her trouble, and with a thumping majority of nearly 200 seats. Earlier this
month the thirtieth anniversary passed, and Argentina is still smarting,
still resentful that Britain holds the Falklands, still seeking ways (albeit
short of an invasion) to impede British sovereignty and make life difficult
for the island residents.
·
It
is trying to set up an economic
blockade of the islands, including
denying aerial transit rights to the weekly flight between Chile and the
Falkalnds.
·
In
a fit of pique it recently
forbad 3,250 passengers on two
cruiseships, the Adonia and the Star Princess, from landing in southern
Argentina because they had previously visited the Falklands (how does
keeping rich tourists away help virtually bankrupt Argentina?).
·
It
threw a hissy fit when the RAF assigned helicopter pilot Prince William to
the Falkands for a routine six-week stint, calling him a
conquistador (yes, really!). What
Argentina is demanding is that Britain simply hand over the Falkland
Islands. They have no strategic value for Britain, so it would have no
compunction in obliging were it not for the pesky islanders. Oh and a
thousand years of evolving democratic tradition that says you must consider
the views of the people most affected, in this case the residents. (In
1919 in the ashes of the Great War, the Treaty of Versailles re-drew the
boundaries of post-Hapsburg post-Ottoman Europe on the related principle
that ethnically similar people should have their own countries; hence
Hungary lost two-thirds of its territory to Czechs, Slovaks, Croatians,
Slovenes etc.) And the
Falkalnders most emphatically do not want to become Argentineans.
Considering the centuries of unremitting hostility they have endured from
their nearest neighbour, who can blame them? Yet if only the
Argentineans could persuade them to change their minds, the Malvinas would
be instantly theirs. Meanwhile,
back in Europe, Spain continues to simmer with pathological resentment
because of Britain's long-standing sovereignty over Gibraltar, which in 1713
Spain signed over in perpetuity. During the intervening centuries, the
Spanish have given effect to this resentment with a serious of antagonistic
behaviours, from attacks and sieges to sanctions, boycotts and travel
impediments, which I
wrote about a decade ago.
For their part, the Gibraltarians have steadfastly expressed their desire to
remain firmly attached to Britain, most recently in a referendum in 2002,
which gave Spaniards apoplexy. Yet again,
Britain would be quite happy to cede Gibraltar to Spain if only the
residents were to agree. Men from the
Iberian Peninsular, and their descendents in South America, are rightly
famed for their prowess in winning over beautiful women. Their rugged
good lucks play only a small part - it is above all their gallant
behaviour that leads them to victory. At its most simplistic, they
seduce women with champagne, chocolates, glittering gifts, but above all
with extravagant flattery and compliments. Aesop tells
the fable of an argument between the wind and the sun as to which is more
powerful. They decide to settle this with a contest to see who can more
quickly remove the cloak of a hapless traveller. First the wind blows
and roars as it tries to rip the cloak from the man's back, but the stronger
the gusts, the tighter the man grips his cloak around his shoulders.
Then it's the sun's turn: the sun merely turns up the temperature and to no
great surprise the overheated traveller quickly casts his cloak aside.
Moral of the story: persuasion is more effective than force. Or, more
bluntly, seduction is preferable to rape. So,
·
why
are Argentineans and Spaniards so thick and obtuse when it comes to the
Falklands and Gibraltar?
·
Why
do they favour force rather than persuasion?
·
What has happened to their Latin lover skills?
And why do
they direct their bad-tempered demands to the sovereign power (Britain)
rather than to the actual people who matter (Falklanders, Gibraltarians)?
For as long
as these misgiuded Hispanics pursue the route of force, it is certain that
they will succeed in appropriating neither the Falklands nor Gibraltar.
Their Latin lovelessness serves only to perpetuate those British outposts as
British. But should
they ever decide to capture the hearts of those redoubtable
outposters, their land will surely follow, as they
willingly fall into the arms of their Hispanic suitors. But will
those Latin lovers ever learn how to woo? Not on evidence so far.
Dyson Vacuum
Cleaner - It's Disastrous Unique Selling Point
- 14th April 2012
Don't buy one! Its unique
selling point is a sham.
My
wife recently bought a Dyson vacuum cleaner, a
DC29 Allergy Parquet. You
know, the one that advertises that it's more powerful because it doesn't use
a bag to collect the dust, so the motor doesn't have to drag air through the
walls of the bag. “No loss of suction” it
boasts.
Furthermore
to empty the dust you simply dump contents of the plastic collection trough
into the bin. The lack of bag is its unique selling point, USP, and
has made a billionaire of its entrepreneurial investor
James Dyson. It uses the
cyclone principle whereby the sucked air is spun around in a cylinder such
that the solid bits are separated out by being flung to the edges through
centrifugal force.
Interestingly,
this simple technology has been used in the oil & gas drilling industry for
over fifty years to remove drill cuttings from the chemical fluid (“mud”)
pumped down the well to cool the bit and lift out the cuttings. Known as
desanders and desilters, the devices comprise banks of hydrocyclones
(cyclones that work with water) like the one illustrated, which remove
different sizes (sand, silt) of solid particles. These can then be
analysed to learn what kind of rock has just been drilled through.
Meanwhile, the cleaned mud is pumped back down the hole to continue
drilling. So the Dyson
technology is highly appropriate and thoroughly proven. But its USP
is a phoney. Who cares if
there is “loss of suction”. You just need to build a
slightly bigger motor. The user will never notice.
But the lack
of bag is the real problem. Because without it, should you suck up a
bit of fluid, eg your kitchen floor is a bit damp, that moisture will
quickly start rotting the organic material that is always present in the
dust. Within a a few days, the dust will set into a morass of sludge
and will stink to high heaven, a stench that is almost impossible to get rid
of. And you will need a big knife for the unpleasant job of scraping
out the sludge - into a disposal bag - and will need to put the collection
trough into the dishwasher to clean it properly. And did you notice -
you need a bag anyway, if you don't want the dust to spill back onto your
floor. So it's false to claim you don't. Then there is
the size of that collection trough. With our old Phillips machine, a
single bag would last almost a year. I know, because when changing it,
I used to write on the date. And because it was effectively sealed,
the issue of sludge and stench never once arose. But the Dyson
collection trough is so small I find myself having to clean it out every
three or four weeks. But how does
it actually work? Like a dream. It is effective, lightweight,
extremely ergonomic and looks very smart. A pleasure to use. Would I buy
another? Never. I hate the current DC29. It's Unique Selling
Point is a disaster, if not a con, that trumps everything else.
|
Issue 220’s
Comments to Cyberspace
·
A warning to Israel -
18th May
·
About time Dev Óg was put in his place: Silence
is golden [P!]
- 13th May
·
Talking Property -11th
May 2012
·
Cardinal Brady and Child Rape -
4th May 2012
·
Demand for same-sex marriage -
24th April 2012
·
Parents' wishes count on denominational schools
- 18th April 2012
·
Why people avoided paying household charge
- 16th April 2012
·
It's time Ireland woke up to sevens
·
Rejection would jeopardise stability and
employment
- - - - - O B A M A - - - - -
2 May,
Quote:
President
Obama's latest hare-brained wheeze,
This clearly means
+ no more slagging off Catholics and their hysterics
over abortofacients,
Oh, yes, now I remember. Quran.
Quote: “Punching above its weight is:
‘Denmark’
... ‘Ireland’ ...
‘Netherlands’ ...
‘Norway’.” .......... “Our
strongest ally is ‘Netherlands’
... ‘Australia’ ...
‘Great Britain’ ...
‘Germany’ ...
‘South Korea’ ...
‘Israel’ ...
‘Italy’ ...
‘Japan’ ... ”
President Obama, that weird tenant in the White House,
Someone should remind him of what the Grand Inquisitor
observed
Quote: “I’d just remind conservative commentators that for years what
we’ve heard is the biggest problem on the bench was judicial activism or a
lack of judicial restraint, that an unelected group of people [the US
Supreme Court] would somehow overturn a duly constituted and passed law.
Well, this is a good example.”
President Obama, one-time
Harvard professor of constitutional law (yes, really!),
If it doesn't
occasionally overturn laws
It has the duty to protect
the US Constitution,
Its nine members are indeed
unelected;
Quote: “We’re not coming before you today to say we have a definitive
solution to that long-term problem. What we do know is, we
don’t like yours.”
US Treasury Secretary
Timothy Geithner (Democrat)
Quote: “It's important for [Vladimir Putin] to give me
space ... This is my last election. After my election I have more
flexibility.”
Obama makes plain to President Medvedev of Russia why
he needs Putin to give him “space” over missile
defence issues, until he is re-elected. After that Obama can do what
he wants without regard to the wishes of the people.
Mr Obama was unaware that he
was on an open mike.
Quote: “An eye for an eye, a tooth
for a tooth.”
Mikhail Muhammad, leader of the “New Black Panthers”
George Zimmerman is the half-Hispanic neighbourhood watch volunteer
Mr Zimmerman, who was hospitalised for a broken nose and other facial
injuries,
Of course since Mr Muhammad is black (and doubtless a Muslim),
Naturally, Mr Obama added his own racist fuel to the fire
- - - - - E U - - - - - 29th June,
Quote: “The
aim is of course to make the €uro an irreversible project”
Ever the comedian, Herman van Rompuy,
As noted elsewhere in this blog
- - - - - U K - - - - -
10th
May,
Quote: “I
don’t hack, I just have a great rack.”
And she clearly does.
Campaign slogan by 19-year-old Oxford University student Madeline Grant,
touting for election as Librarian of the prestigious Oxford Union.
The Union, in a fit of dreary political correctness,
Apparently it is anti-feminist for a feminine person 2
May,
Quote: “When
the desirable jobs are
·
spending other people's money,
·
reporting on spending other people's money and
·
lobbying to spend other people's money
then you
know that the society is f***ed”.
Tim Worstall, a renowned British blogger,
·
“She
certainly wasn't a beaten wife, she was hit and that's different ...
·
“The
problem with strong, intelligent women is that they can argue – well.
·
“And
if there is a time where you can't get a word in … and I … lashed out. I
couldn't end the argument.
·
“Something
must have brought it on. When frustration builds up and you can't think of a
way out …
·
“It
happened and I'm very, very ashamed of it ...
·
“I
must have punched her one time because she did have a black eye ...
·
“I'd
never done it before or since. But if a woman is a bit of a power
freak and determined to put you down, and if you're not bright enough to do
it with words, it can happen.”
Dennis Waterman,
tough-guy co-star of the TV hit series
Not such a “tough
guy” after all.
And,
hilariously, he seeks the sympathy of viewers!
Actress Rula
Lenska (Coronation Street et al) has always claimed
He is currently
on unfortunate wife number four.
- - - - - I R E L A N D - - - - -
29th April,
Quote: “Fornication is
probably the single most likely cause of unwanted pregnancies in this
country.”
Michelle
Mulherin, Fine Gael TD for Mayo in the West of Ireland, shocks the country -
Her observation
makes plain that since fornication is wholly avoidable Why not tell
your friends and colleagues to click on
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What I've recently
But it's not
entirely honest in its subtle pro-Palestinian bias, and therefore needs
to be read in conjunction with an antidote, such as See detailed review +++++
BP's ambitious CEO John Browne expanded BP through adventurous acquisitions, aggressive offshore exploration, and relentless cost-reduction that trumped everything else, even safety and long-term technical sustainability. Thus mistakes accumulated, leading to terrifying and deadly accidents in refineries, pipelines and offshore operations, and business disaster in Russia. The Macondo blowout was but an inevitable outcome of a BP culture that had become poisonous and incompetent. However the book is gravely compromised by a litany of over 40 technical and stupid errors that display the author's ignorance and carelessness. It would be better to wait for the second (properly edited) edition before buying. As for BP, only a wholesale rebuilding of a new, professional, ethical culture will prevent further such tragedies and the eventual destruction of a once mighty corporation with a long and generally honourable history. Note: I wrote
my own reports on Macondo +++++ A horrific account of:
More details on my blog here. +++++
After recounting a childhood of convention and simple pleasures in working-class Aberdeen, Mr Urquhart is conscripted within days of Chamberlain declaring war on Germany in 1939. From then until the Japanese are deservedly nuked into surrendering six years later, Mr Urquhart’s tale is one of first discomfort but then following the fall of Singapore of ever-increasing, unmitigated horror. After a wretched journey Eastward, he finds himself part of Singapore’s big but useless garrison. Taken prisoner when Singapore falls in 1941, he is, successively,
Chronically ill, distraught and traumatised on return to Aberdeen yet disdained by the British Army, he slowly reconstructs a life. Only in his late 80s is he able finally to recount his dreadful experiences in this unputdownable book. There are very few first-person eye-witness accounts of the the horrors of Japanese brutality during WW2. As such this book is an invaluable historical document. +++++
This is a rattling good tale of the web of corruption within which the American president and his cronies operate. It's written by blogger Michele Malkin who, because she's both a woman and half-Asian, is curiously immune to the charges of racism and sexism this book would provoke if written by a typical Republican WASP. With 75 page of notes to back up - in best blogger tradition - every shocking and in most cases money-grubbing allegation, she excoriates one Obama crony after another, starting with the incumbent himself and his equally tricky wife. Joe Biden, Rahm Emmanuel, Valerie Jarett, Tim Geithner, Lawrence Summers, Steven Rattner, both Clintons, Chris Dodd: they all star as crooks in this venomous but credible book. ACORN, Mr Obama's favourite community organising outfit, is also exposed for the crooked vote-rigging machine it is. +++++
It is really just a collation of amusing little tales about surprising human (and occasionally animal) behaviour and situations. For example:
The book has no real message other than don't be surprised how humans sometimes behave and try to look for simple rather than complex solutions. And with a final anecdote (monkeys, cash and sex), the book suddenly just stops dead in its tracks. Weird. ++++++
It's chapters are organised around provocative questions such as
It's central thesis is that economic development continues to be impeded in different countries for different historical reasons, even when the original rationale for those impediments no longer obtains. For instance:
The author writes in a very chatty, light-hearted matter which makes the book easy to digest. However it would benefit from a few charts to illustrate some of the many quantitative points put forward, as well as sub-chaptering every few pages to provide natural break-points for the reader. +++++
The author was a member of Britain's V Force, a forerunner of the SAS. Its remit was to harass Japanese lines of command, patrol their occupied territory, carryout sabotage and provide intelligence, with the overall objective of keeping the enemy out of India. Irwin is admirably yet brutally frank, in his descriptions of deathly battles with the Japs, his execution of a prisoner, dodging falling bags of rice dropped by the RAF, or collapsing in floods of tears through accumulated stress, fear and loneliness. He also provides some fascinating insights into the mentality of Japanese soldiery and why it failed against the flexibility and devolved authority of the British. The book amounts to a very human and exhilarating tale. Oh, and Irwin describes the death in 1943 of his colleague my uncle, Major PF Brennan. +++++ Other books here |
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After
48
crackling, compelling, captivating games, the new World Champions are,
deservedly,
England get the Silver,
No-one can argue with
Over the competition, |
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