Thursday, December 11, 2014

Socialist Paradise Update: Venezuela Has 93% Chance of Default

It’s been a while since Guido’s global coverage caught up with how the loony Labour left’s favourite socialist paradise is getting on. Well, today Venezuela’s probability of defaulting on its debts has sky-rocketed to 93%, as the oil price slump sends the country’s bond prices to a 16 year low. The graph above from Zero Hedge shows how default risk has gone through the roof.

Bloomberg reports:

“Venezuela, which has seen over 1,000 of its companies nationalized since former President Hugo Chavez came to power 15 years ago, relies on oil for 95% of its export revenue. The nation is plagued by chronic shortages of everything from milk to toilet paper amid the world’s fastest inflation. The economy is expected to shrink 3% this year and another 1.5% in 2015.”

Owen Jones, Diane Abbott et al don’t tend to talk about Venezuela so much these days…

Friday, December 5, 2014

Official: No One Cares About #CameronMustGo

The less reality-based elements of the loony left are still banging on at the ‘biased’ media failing to cover a hashtag calling for the PM to step down. Today’s Populus poll offers a more likely reason: no one cares. Not one person in the real world thought it was a story this week:

The final proof it was never news…

Tuesday, December 2, 2014

Multi-millionaire Labour MP: Don’t Punish Criminals For Theft


“What really matters about members of the government is not their silly misbehaviour, it’s the way they’re crucifying millions of people”
writes multi-millionaire Labour loon Michael Meacher. That alone from his rant in the Morning Star would be worthy of the Order of the OTT, but what followed

“A million people have been sanctioned by government ministers over this last year, which means that they are deprived of all their benefit for often petty infringements – such as being five minutes late for a job interview – and hence have no money for at least four weeks and sometimes three months, forcing them to steal to survive. If they’re caught, the penalty for stealing some meat from a supermarket might be a fine of some £200, which of course they cannot conceivably pay, or it might be six weeks in prison.

During and after the Napoleonic wars there were up to 200 offences for which a person could be hanged, usually for stealing to keep their family alive. The people of this country sitting on the juries finally got round this draconian repression imposed by the ruling class by refusing to convict. That is what juries and magistrates should do now when faced by the stark injustice of the criminal justice system.”

Loot and be merry, comrades. 

Monday, December 1, 2014

Russell Brand Flips Out at Media, Drags Female Human Shield

Multi-millionaire conspiracy theorist and Marxist revolutionary Russell Brand did not take well to some hostile questioning from the media. He was so uncomfortable about scrutiny from Channel 4 about his own personal wealth that he physically grabs the nearest woman drags her in-front of the camera instead of him. Telling…

Wednesday, November 26, 2014

Tin Foil Trickett Strikes Again
Loony Ed Adviser’s Latest Conspiracy Wheeze

Ed Miliband’s new political adviser is in Norman Baker territory with this latest conspiracy theory. Jon Trickett reckons he can explain the lack of press coverage for the  prosaic #CameronMustGo campaign, which was started by an internet loony who claims the Tories are Nazis, and shared by dozens of simpleton Labour MPs. “The official media suppressed any comment,” tin foil Trickett claims, “you won’t have seen anything about it in the mainstream media”. (It’s been covered by the BBC.)

Could it be that Labour supporters tweeting that they don’t like David Cameron is not really that interesting? No, says Trickett, “the press barons and their hired hands fear that their power to control the flow of opinion and information is, daily, slipping away from their hands”. Tell that to the barons at the top of the Daily Mail Group and Telegraph Media Group. Papers owned by both have covered the ‘story’.

Monday, November 17, 2014

WATCH: Left Unity Debates Backing ISIS
Jihadis a “Stabilising Force” With “Progressive Potential”

This video was filmed on Saturday at the first annual conference of Left Unity, a interesting new contribution to British democratic discourse whose fans include Ken Livingstone and George Galloway. You wouldn’t know it from the banal voting process, but those present are discussing a motion on whether or not Britain should support ISIS. Several in the room agree that the bloodthirsty jihadis have “progressive potential” and “could only be a stabilising force for the region”. Here is the motion in full:

“Despite the atrocities it has carried out and its attack on the Kurds, IS nevertheless represents an attempt to break fundamentally with the structure of religiously and ethnically divided nation states imposed on the region by Britain and France at the end of the First World War… Unlike a continuation of the framework of western-imposed nation states, it therefore, theoretically, has progressive potential.”
 
“The Caliphate represents an alternative political vision that is gathering support amongst Muslims across the Muslim world because… it stands for replacing the brutal regimes in which they live with a political system based on Islam that sets up an accountable executive, an organised judiciary, representative consultation, inal motions and amendments for the rule of law and citizenship; such a state could only be a stabilising force for the region and the European Left has to acknowledge and accept the widespread call for a Caliphate among Muslims as valid and an authentic expression of their emancipatory, anti-imperialist aspirations.”

Er, what?

Tuesday, November 11, 2014

Channel 4 Promotes Racist, Homophobic Fantasist

Last night Channel 4 aired “How Rich Are You?”, a one off special about supposed inequality presented by ex-BBC lefty luvvy Richard Bacon and quasi-Marxist Paul Mason. It was predictably a forum for Comrades Bacon and Mason to shore up their base, inviting Owen Jones et al along to join the party. In a carefully choreographed segment of audience interaction, the programme’s presenters sought the opinion of “Cody”, a man from Manchester who railed against the rich and claimed he was so hard done by he had to do “dodgy things” to get by. Mason’s introduction in the video below implies Cody’s appearance was teed up prior to broadcast.

Cody Aiden Lachey describes himself on Twitter as a “rough & ready former soldier”. He is in fact a fraud who was exposed after he appeared on Newsnight last year, where he was portrayed as an Afghanistan war hero despite being sent home after just two weeks for going AWOL and threatening to kill his battery Sergeant Major. Lachey is also an EDL-linked racist who told the Daily Star“I believe we need to declare war on Islam as ALL Muslims don’t like kafirs, non-believers.” A Twitter account appearing to be run by Lachey described gay footballer Thomas Hitzelsperger as a “puff, faggot who needs castrating”. Lachey also had the following exchange with Owen Jones, confusing him with IEA wonk Ryan Bourne:

Unfortunate that the working class hero chosen by Bacon and Mason to push their quasi-Marxist world view happens to be a fraud, a racist and a homophobe…

UPDATE: Cody has confirmed he was booked by Channel 4 prior to going on. He has responded to the story here.

Friday, October 31, 2014

Jihad Jenny: Hamas “Freedom Fighters” “Right” to Use Violence
+Claims “Dangerous” “Money and Influence” of “The Lobby”
+Blames Canada Terror Attack on Support for Jewish State

Loony “independent Liberal Democrat” peer Jenny Tonge has gone off on one again. ‘Jihad’ Jenny yesterday defended Hamas during a Lords debate on the Middle East, saying the terrorist organisation had a right to use violence against Israel:

“The propaganda coming out of the Israeli embassy now is to concentrate on Hamas, the so-called terrorists who of course many people in the Middle East see as freedom fighters – we must remember that… Hamas deserves the right to defend the people of Gaza against the relentless blockade and helicopter gunships over that area, targeting and killing so-called terrorists and, more often, many innocent civilians. The people of Gaza have a right to be defended, too.”

She went on to suggest Canada was responsible for the recent terror attack in the country because of its support for the Jewish state:

“It is no surprise either that a recent incident in Canada, and an exposed terrorist plot in Australia, have followed attacks in our country and the USA. Both of these countries have unhesitatingly supported Israel with the USA and the United Kingdom.”

Then, to complete the hat-trick, Tonge went for that old classic, the rich Jewish conspiracy line, throwing in a cute defence of David “The Jews” Ward into the mix for good measure:

“In my opinion and the opinion of many people who are afraid to say it publicly – but I will – there is none so important as the thing that dare not speak its name. I am talking about the activities of the lobby, in this country and in America… Those of us who challenge the lobby are threatened and disposed of by our leaders as best they can. David Ward, my colleague in the other place, is currently fighting yet another battle against the lobby as I speak. All lobbies are dangerous and undemocratic; the pro-Israel lobby is not the only one, but it is particularly dangerous in this context. Money and influence win over truth and justice.”

If the pro-Israeli conspiracy is so all-powerful, how come parliament voted to support Palestinian statehood earlier this month? 

Tuesday, October 14, 2014

PCS Strike Over 1% Pay Rise Then Give Own Staff 1% Pay Rise

The tiresome PCS union is on strike again tomorrow, moaning that the 1% pay rise for public sector workers is unfair and demanding a 5% increase for their members instead. Since Guido enjoys nothing more than spending his afternoons reading through trade union financial reports, he thought he would share PCS’s plans for pay increases for their own staff. Lo and behold, PCS plan on awarding their staff, you guessed it, 1% pay increases for the years 2013-15:

Looks like PCS staff should join a trade union and go on strike!

Monday, September 15, 2014

Venezuela Goes From Boob to Bust

venezuela2

It is not just the economy which is sagging in socialist Venezuela, the country has been hit by a shortage of breast implants, a foretaste of what Britain can expect under a Miliband government. Despite attempts by former leader Hugo Chavez to nip the craze in the bud, boob jobs have become a key cultural asset of the Latin American nation, with the country racking up a whopping 85,000 procedures last year. Recently however the enhanced price of implants has meant a reduction in the numbers having the surgery. “The women are complaining. Venezuelan women are very concerned with their self-esteem” says Ramon Zapata of the Venezuelan Society of Plastic Surgeons. President Maduro, who has seen his government rapidly lose support, is being kept abreast of the issue…


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS


AddThis Feed Button
Archive


Labels
Guido Reads
Follow

Get every new post delivered to your Inbox.

Join 1,645 other followers