Thursday, December 11, 2008

EU Dirty Ratifiers

Reports from Brussels coming in suggest that Ireland’s political elite are allowing their arms to be twisted by the EU into ignoring the “No!” vote in the referendum and having another one. This comes as absolutely no surprise – the undemocratic nature of the EU project has always been manifest. It has a semblance of voting but the outcome is as pre-determined as a Soviet-era party congress. On the rare occasions when the project comes off the rails, nothing, not even the will of the people will stop it.

Irish citizens were the only people in Europe allowed to express their democratic will. They said “NO!” The EU’s dirty ratifiers won’t accept that answer.

German Finance Minister Mocks Brown’s "Great Rescue Plan"

“All this will do is raise Britain’s debt to a level that will take a whole generation to work off” says Peer Steinbrück, the German finance minister. He isn’t a conservative finance minister from Merkel’s CDU, he is a Social Democrat member of the coalition government.

Worth reading the full interview in Newsweek. Devastating.

UPDATE : Ed Balls lying on Sky this morning basically says Peer doesn’t really mean it and is only saying it because of “internal coalition politics”. Which makes absolutely no sense. Total Balls.

Wednesday, December 10, 2008

Messy Business

Crash Gordon – Saved the World (In His Mind)

A Freudian slip from the Prime Mentalist? In his own mind he believes he is the saviour of the global economy, his bail-out copied from the Swedes, he reckons has been copied by all. Sarkozy thinks differently, Merkel thinks he is going to destroy the public finances, EU Finance Commissioner McCreevy gave a pointed speech about the downward spiral of government debt.

He leads the world he is saving, in his mind…

Via : The Crown Blog

Wednesday Wartime

Charles Moore is Britain’s Gandhi :200,000 Pledge Not to Pay TV Licence

Since launching last August the Campaign to Abolish the TV Licence has received over 200,000 online pledges not to pay as of the beginning of December. That is pretty good going for a new and unfunded grassroots campaign.

In 1930 in order to help free India from British control, Mahatma Gandhi proposed a non-violent march protesting the British Salt Tax, continuing Gandhi’s pleas for civil disobedience. The Salt Tax essentially made it illegal to sell or produce salt, allowing a complete British monopoly. Since salt is necessary in everyone’s daily diet, everyone in India was affected. The Salt Tax made it illegal for workers to freely collect their own salt from the coasts of India, making them buy salt they couldn’t really afford. The British Broadcasting Corporation’s TV Tax protects an unjust monopoly, since television is necessary for information it affects everyone in Britain. It makes it illegal to freely receive information without paying the TV Tax. Information which is essential for civil society and democracy to function. The TV Tax can be defeated – on April 5, 1930 Gandhi and his satyagrahis reached the sea coast. After prayers were offered, Gandhi spoke to the large crowd. He picked up a tiny lump of salt in his hand, breaking the law. In that moment India’s freedom from colonialism was secured. In Charles Moore the British people have their Gandhi.

Mass civil disobedience is as easy as canceling your direct debit, then pick up your Sky remote in your hand, break the law. By this small act freedom from cultural domination by a left-wing metropolitan elite can be secured. If Gandhi was the quintessential Indian, Charles Moore is surely the quintessential Englishman. Cometh the hour, cometh the man.

Pledge not to pay here.

Boris Johnson Meets Jeremy Clarkson

The Tax Base is Fading to Grey

The number of people over state pension age is now officially greater than the number of children for the first time in our history. Today there are 4 people of working age for every person of retirement age. By 2050 there will only be 2 for every retiree.

It takes something like 30 taxpayers to support a bureaucrat, yet the ratio of bureaucrats to productive taxpayers is worsening. State pensions are unfunded. Where in the coming decades are the taxes going to come from to pay for the pensions and bureaucrats as well as servicing the colossal government debt?

Who will bear the terrifying burden?

Tuesday, December 9, 2008

+++ US Treasury Bills Trade at Negative Yields +++

For the first time in history, not even in 1929, $27 billion of three-month bills were sold at a discount rate of 0.005% and are now trading at negative yields. Investors will get back less than they pay for them for the security of actually being repaid. That shows real fear in the markets.

Unfortunately British Gilts are not considered such a safe bet…

Ronald McDonald Higher Rated than Gordon Brown

Every day the pound hits a new record low and the markets now see Britain as a bigger credit default risk than McDonald’s Corp. So much for “Britain is best placed to weather the global financial turbulence”. The global capital markets think Gordon is a bigger clown than Ronald:


Seen Elsewhere

Mock the Week’s Weak Comedy | Nigel Farage
Can Jim Murphy Save Scottish Labour? | Guardian
There is Still Appetite for the Westminster Lunch | Jon Craig
Labour Turn Their Backs on Jewish Community | Dan Hodges
Chivalry is Not Dead | Laura Perrins
Jonathan Jones is a Tw*t | Iain Dale
Second Scotland Poll Suggests Labour Wipeout | Times
Paedo Probe Boss Urged to Quit | Sun
Keynesian Tories Won’t Eliminate Deficit | Tim Montgomerie
Whitehall Doesn’t Work | Dom Cummings
Russell Brand’s Tax Avoidance Firm | Sun


VOTER-RECALL
Find out more about PLMR


David Cameron drug policy reformer and leadership contender in 2005…

“Politicians attempt to appeal to the lowest common denominator by posturing with tough policies and calling for crackdown after crackdown. Drugs policy has been failing for decades.”



“Digger” Murdoch says:

Is it just me, or is Nigel Farage just a top hat and a monocle away from being a Batman villain?


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