When I look around at the state of public discourse in ‘the West’ what strikes me is that everyone says they want to have a reasoned and rational debate but say that the reason it doesn’t happen is because the ‘other side’ is irrational and so they can’t be debated with. The ‘other side’, their […]
Regime Change. Part One – How it’s done.
There’s been a lot of Regime Change around in the last few years. One might even think it had become a nasty habit: Iraq, Afghanistan, Libya, Ukraine, Syria, Venezuela. These are just the most recent. It was pointed out recently that if you count just those in South and Central America since the 50’s, it’s twelve. […]
It’s not Brexit but “Deutsche-it” you want to worry about
While everyone is endlessly told about the world-ending dangers of Brexit, I wonder if we should be paying a little more attention to “Deutsche-it”. If the UK leaves the EU the EU will survive. But what happens when – and surely it’s no longer if – but when Deutsche Bank, Germany’s biggest and only truly […]
Debt is back but this time its corporate
On Wednesday Feb 7th 2007 HSBC issued a profit warning. It was the first in its 142 year history. The bank told its share holders it would have to take an unprecedented charge of $10.5 billion because one of its units, its sub prime lender, was in deep trouble. And so began the sub prime […]
Danske Bank – Who helped them Launder?
A couple of days ago the always good Francis Coppola wrote a piece for Forbes entitled, The Banks That Helped Danske Bank Estonia Launder Russian Money In it she made the simple but essential point that while Danske Bank, through its Estonian branch, had laundered $234 billion, …Danske Bank Estonia couldn’t do this by itself. Much […]
The Steady Enmity of Powerful People
“Crime doesn’t pay.” Actually it does, handsomely. If you are a banker or large financial player, it pays wonderfully. You get filthy rich committing the crimes and after…you continue to get filthy rich. What doesn’t pay is reporting crime. Not long ago I read a rather good book about a small number of honest people […]
Questions for the Near Future. 1
What will you do when you are told that your company pension is bust? Or that the pension you thought you were going to get has to be cut to a fraction of what you were promised? Will you expect your political leaders to put people in prison? Will they? Or will they have an […]
Lebanon – the next front in the Great Gas War.
The Great Gas War has already two distinct fronts: The now relatively quiet Northern Front in Ukraine and the Southern Front in Syria in which the Western empire has been losing. It looks to me that Lebanon is being targeted as the next front, where the West hopes its loses might be recouped. Yesterday, November […]
China’s rise, America’s fall
Will the rise of China mean the fall of America? In a word, yes. Although decline might be more accurate. Why do I think this? Because China is about to launch the PetroYuan and when it does the demand for dollars and for dollar denominated debt will shrink. When it does, I question whether the […]
The Narrative of Fear and Insecurity
On March 4 1933 FDR in his inaugural address to the American people said, “…the only thing we have to fear is…fear itself….” And it’s true. It is fear more than anything else that prevents people from turning away from what has failed them and stays their hand from picking up the tools which would allow […]
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Recent Posts
- How to prevent debate while claiming to be in favour of it.
- Regime Change. Part One – How it’s done.
- It’s not Brexit but “Deutsche-it” you want to worry about
- Debt is back but this time its corporate
- Danske Bank – Who helped them Launder?
- The Steady Enmity of Powerful People
- Questions for the Near Future. 1
- Lebanon – the next front in the Great Gas War.
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