Archives April July 2016

Archived Blogs


April to July 2016

All the blogs are published fortnightly, on Thursdays, usually at 09:00 London time.

BREXIT OPENING SHOTS – – – 21st April 2016

EUROPEAN DILEMMA – – – 5th May 2016


REFERENDUM – – – 2nd June 2016

MUD SLINGING – – – 16th June 2016

TRADE DEFICIT – – – 30th June 2016

REVOLUTION – – – 14th July 2016

GDP, THE NUMBERS DON’T ADD UP – – – 28th July 2016


Thursday 21st April 2016
Smiley Bales John Ashtone
Smiles make people happy, more than any promises made by a Politician

Let battle commence, the Brexit electioneering has begun, the opening shots have been fired, the arguments over whether to stay or leave the European Union are officially underway. But no mention of Democracy.

Democracy not mentioned

Both sides are missing a point.
In 1975 Britain voted to stay in the ‘Common Market’, a trading block that the previous Prime Minister, Ted Heath had, bamboozled us into.
The main reason for staying in, was Trade, or more precisely the prospect of increased trade, this in turn should mean, increased prosperity.
What has happened since is nothing short of a stealthy, removal of Britain’s Democracy. Actually it is the removal of Democracy throughout Europe, but as some nations have only just adopted free Democracy, many in those places, don’t even notice it has gone. The removal was done undercover of a fake Democratic process, it is called the European Parliament, and is loosely based on the Roman Senate of the Empire period, where the Senators voted to do exactly, what the Imperator, Emperor to most people, required them to do.

Europe Political map
A colourful map of Europe.

In this case, there is no single Dictator, there is the European Commission, this is given a faux democratic veneer, because it is ‘elected’ by the European Parliament, in fact each Country has one member, posted to the exalted position. They are the ones who decide what will pass into Law. Except they aren’t, there is also the Council of Ministers (now renamed Council of the European Union) another bunch of wasters, whose job appears to be to rubber stamp what the Commission wishes them to rubber stamp, in Europe this twaddle is called Democracy, any where else it is regarded as a joke.
Yes basically the whole farrago was constructed by committee, to ensure that a few select Nazis or are they Commies, who cares, could run the whole show. This is done undercover of being elected, except they are only elected in the sense of the MEPs accepting who will be put forward, neat. The general public have no say in who stands to be elected, after all that would mean having a contest, a bit like a superannuated Eurovision song contest. This begs the question who would, Iceland, Israel, Australia, or Russia vote for, perhaps that nice Mr Donald Trump might be interested. Actually for all his faults, Donald Trouser-noises would be too honest?


On European voting the idea is this, we elect members to Brussels, they elect the European Commission and The Council of the EU, simple, except there is a large flaw in the thinking. Firstly I do not have an MEP representative, I have a Member of the Euro Parliament that was picked by central committee, and I was told which MEP would represent me, then allowed to cast a vote to confirm this, that might be loosely translated as representative Government. It isn’t Democracy, it is a sham. How do I bring the little horror to account, I do not, I cannot, this effectively puts them above the Law. How do I sue some Eurocrat in the local courts? Should the need arise, technically I can take my local MP, or any other MP, to court, if they misbehave.
I hope you are keeping track, because I may ask questions later, wake up at the back there?
The local Wakefield Member of Parliament is Mary Creagh, she is local, she represents the intersts of the people of Wakefiled in Westminster, she was voted for by a larger number of people in Wakefield, than voted for those who stood against her, and while some constituencies do have outside people parachuted in, on the whole, those MPs elected in a Constituency do so, to represent that area. In other words, Mary Creagh is the Wakefield elected MP, had I been an active member of her party, then I would probably have voted for her to stand, the point is, some people did vote for Mary to stand, just because I disagree with their opinions, doesn’t make her any less the peoples representative. The day before this post, during PMQs (Prime Minister’s questions, for overseas readers) Stella Creasy the MP for Walthamstow, asked the Prime Minister about a local rape case, it would appear the alleged perpetrator is living in India, and is fighting extradition. This is quite typical of the day to day problems that MPs are asked to deal with. None of those involved, are bothered which party Ms Creasy stood for, it is a crime which needs to be brought before a court, she as the representative for Walthamstow, has raised this point in Parliament. Had we been living 600 years ago, this would also, still have been the case. MEPs do not appear to have such a remit, which begs the question, why do we waste money in sham elections, certainly it is not modern Democracy, perhaps Brussels thinks it is post modernism?
If they are found with their hands in the till, an MP can be locked up. Had I bought a house a couple of miles down the road, my first MP would have been Eric Illsey, he was banged up, for fiddling his expenses, good riddance, but more to the point, he was not above the Law, he was tried by a court, and twelve persons of good standing, awarded him a nice prize of some porridge.

European flags
Lots of colourful flags, plus a blue one with gold stars.

£6 billion of our monies has gone missing in Brussels, that was in 2014 alone, and is not properly accounted for, where has it gone, why hasn’t Jean-Claude Junker been up before the beak, has he been asked to empty his back pocket. Just don’t have me on a jury, with him in the dock, it would be guilty as found, now what’s the accusation. And on the subject of sentencing, why don’t we still have keel hauling, it would make excellent TV, lots of laughs and satisfying into the bargain, has Junker’s only been under the Titanic (length ways) once, then have him do another couple of times, the arrogant wazzock.
Cameron is an average Politician, which means, he at least stands head and shoulders above the two previous pygmy incumbents of 10 Downing Street. The problem is, he is not up to the job of fighting our corner. It is the old joke, If I was going to the Hospital, I wouldn’t start from here.
The main problem is he is too dim witted to realise what he is standing for, namely why Britain should stay in the EU.
Is he standing for trade, he’s certainly not there for Democracy, he’s not mentioned it once to my knowledge, and on the trade front, how will our remaining in, benefit us. Answers on a postcard to, Horace Batchelor, Department X, Keynsham, Spelt, yes you know the rest. The point is, old Horace used the fact that if enough people respond to something, a few will be lucky, but the British people don’t want potluck, they want increased prosperity, and Europe because of corruption and lack of Democracy is going nowhere.
We joined a Common market, in the belief that it would increase trade, it did, past tense. We didn’t join to be dictated to, by a bunch of Nazis/Commies, fill in your own anti-democratic words here, with their own agenda.
One of the real jokes is, that fortunately the dictators in Brussels are too stupid to realise that, a corruption of Bankers (what is the collective noun for bankers?) are actually running some sections of the EU, namely Portugal, Italy, Ireland, Greece, and Spain otherwise known as the PIIGS countries.
Greece, being the original home of Democracy, has decided to give it up completely, and have high unemployment, and be technically bankrupt, rather than do the right thing and tell Brussels and Frankfurt to go stuff itself. Oddly these totally un-elected bankers are no worse than the other un-elected Eurocrats, ruining our lives.
If there is Democracy within the EU, why have the British people never been allowed to vote on whether they wish to be in Political system called Europe.
But if we did vote and didn’t get it right from the perspective of Strasbourg, or is that Brussels, then going by previous form, we would be bullied and told to vote again, until we did get the right answer for Brussels, or is that Strasbourg, and if it isn’t Strasbourg, what is the purpose of Strasbourg, and why am I paying for it?
Most of the sound and fury, has been around scare stories over leaving, and the dire economic consequences of doing so, but they signify nothing. The rest of Macbeth’s speech is pertinent, as in the most part, they are telling tales, and told by idiots. Some of whom should, and probably do, know better.
The French economy Minister, Emmanuel Macron says we will be ‘killed’ outside the EU, whether something was lost in translation there, perhaps he is miffed that English Supermarkets are selling straight croissants, an oxymoron if ever there was. South Korea and Brazil are hardly ignored by the likes of China, which lays the lie to the argument about being ignored. Killed, well we’ll leave that aside, but we would not even suffer serious wounds, either way, or perhaps the French are going to stop selling us their cars. Why at that suggestion, does biting nose to spite face, spring to mind, and also the words, not going to happen.
There is so much corruption within the EU, because of the lack of electoral answerability that no one can be certain, one way or t’other, whether we would gain hugely, or lose marginally by bowing out. £4,300 per household, bullshit, this is by a treasury that cannot predict next years GDP growth or fall.
Mannekin pis
All dressed up and doing the same to other Europeans, as they do to Brits, piss on us all.

There would certainly not be a huge loss, but staying in would not see real gains, there is the problem, we joined a trading block, not a Political club.
At some point lack of Democratic answerability needs to be addressed, Cameron has blown it on that score, but he is not alone, Corbyn only just seems to have woken up to the fact that socialist fantasy reigns supreme in Brussels. Until recently the Labour leader was opposed to the UK being in the EU, suddenly he seems aware that it is a none Democratic paradise quite in keeping with the principles of Stalin and Hitler and other good European Socialists, there may be no death camps, but me and thee do not have our views represented in Brussels, no matter how much the Eurocrats say otherwise.
The MPs making up Cameron’s Cabinet, were elected directly by members of the British voting public, you might not like them, but they were voted for. They were not selected from a list of insiders, and then inflicted on the citizens of this fair Isle, by a bunch of quockerwodgers, who failed as time share salespeople.
Could someone from either side, please nail their colours to the sticking post and start shouting, free enterprise requires good Democracy, if we stay, then the European Union will have to change, if we go, we gain back our Democratic rights, and probably a lot more do$h into the bargain, by way of ‘Free Enterprise’.

Thursday 5th May 2016



Smiley Bales John Ashtone
Smiles make people happy, more than any promises made by a Politician


British Prime Minister David Cameron, has a looming European Dilema on his hands, one I suspect he realised would arise, if the Government accepted the argument, that Britain should take refugees already in Europe. That UK Parliament, and by extension the UK populace, has no faith in its European partners, to safeguard immigrants. On the one hand, Socialist Labour say Britain should be ashamed for not taking in refugees already in Europe, without realising they are saying, European States and the all important, European Convention on Human Rights, are incapable of ensuring the safety of refugees, within their own borders.

When it comes to Europe, with friends like Labour, who needs enemies.

European flags
Lots of colourful flags, plus a blue one with gold stars.

The current French Government is supposedly Socialist, and so caring, compassionate and ready to defend those in need of safety, yet apparently, the immigrant problem at Calais is, according to the French authorities, Britain’s fault.

Yes of course it is, we speak English, which most of the refugees have at least a smattering of. They also think that, if they have any children they will get a very good Education. I was always told by Socialists, that the French system of Education was far superior to Britain’s, it would seem the Socialists are not believed by the immigrants

We have a high rate of employment, so the immigrants again perceive that they stand a better chance of getting a job. This last translates as, they will be richer. It is backed up by the stories, that filter back through the immigrant grapevine, that the English in particular, but the whole of Britain in general, does not resent immigrants. Meanwhile in la belle France, for some reason many immigrants are keen to leave. This highlights the failures of Socialism, high unemployment rates, poor education, and a perceived poverty. Perception is nine tenths of reality, part of the reason that Socialism needs to be shown for what it is, not what people falsely perceive it to be.

German largesse and generosity are unsurpassed,

Things in Germany are hardly better, while to its credit the German Government, and again by extension the German people, have stepped up to the plate, in accommodating, a massive influx of immigrants during the present crisis, the stories are emerging of these immigrants not being safe. This does beg the question why. Germany is hardly some corrupt 2nd rate Nation. On the contrary anyone who has spent just a little time there will know, German largesse and generosity are unsurpassed, and they adhere to the letter of the Law, unlike many other, more Southern States, in Europe, in Germany the Law is taken seriously. So why are child immigrants in Germany not safe. The answer is probably due to the huge numbers, in such a short length of time, the authorities are in all likelihood overwhelmed and over stretched, so Britain has to help.

Here is one European dilemma Jean Claude Junkers is incapable of solving, Germany has taken around two million refugees, in the last few years, more than any other Country. Really, the two million includes, many who are immigrants with no refugee status. UK has took around 1.95 million new immigrants in the 1990s, source Migration Observatory. By my calculations, using their net figures of Immigration excluding UK Nationals, there were 3.48 Millions from 2000 to 2014, the last year for the figures. It is one of the points that most concerns the average Brit, not allowing immigrants in, but the numbers in too short at time.

a vile statement to make,

Yvette Cooper’s stupid, indeed nasty and odious statement, that Britain refusing to take the refugees from Europe, left them to a fate similar to Nazi Germany during the 1930s was, a vile statement to make, and Cameron was correct to reject any similarity.

The french can organise the Tour De France. I would suggest they can ensure the safety of immigrants.

It also showed what Labour thinks about our European allies, with friends like Labour, sorry am I repeating myself?

The Labour party’s Socialist roots are really showing through. The peroxide of Political Correctness can no longer hide the fact of Socialist hypocrisy, that Socialism is just a dream, based on fantasy, and that that dream, was always going to turn into a nightmare.
Jeremy Corbyn has been accused of acting too slowly over the admonishing of Ken Livingstone and his comment that back in 1932, the National Socialist Party (there’s a clue in the title folks) of Germany had a policy of returning Jews to what was then Palestine. Whether this ~historical fact~ was ever historical fact, is irrelevant, to a movement that is just full of hypocrisy, and members like Yvette Cooper MP, who will slur, with no provocation.

If you read Francis Bacon’s 1624 Novella, ~The New Atlantis~,

Socialism was born out of an equally stupid fantasy, Communism, and Communism was anti-Semitic from the very start, Marx was of Jewish stock, and hated it. So when he started writing his fiction, which incidentally he stole. If you read Francis Bacon’s 1624 Novella, ~The New Atlantis~, you find all the ideas for the Communist manifesto therein Bacon’s little piece of whimsy, is a much more amenable, than Marx’s odious book the Communist Manifesto, which advises that anyone disagreeing with its aims should be “eliminated”, and that children should be used to “inform” on their parents, if those parents do not conform. Marx was intent on marginalising the Jews, after all weren’t they Capitalism, personified.

Before we go further, the term Capitalism as an invective of hate, was invented by Marx. The word is made from the innocuous Capitalist, which at the time, merely meant, any person who saved enough money to start working for themselves, like cobblers, or cabinet makers as well as Industrialists like Richard Arkwright, and James Watt without whom, Marx would not have been able to write his fiction.

Ken Livingstone has been accused of anti-Semitism, and distorting history, quite where this comes from one is left wondering. Well no we aren’t, it is just when these stupid people are building their fantasy world of Socialism, they end up peering into their own fundaments.

1216 and good King Louis I of England,

If it is a crime to get history wrong, then most people are guilty, in fact most of the History you think you know, is at best half-truths. A common ‘Historical fact’ is that England has never been successfully invaded since 1066. Wrong, it has, and many times, some of them being very successful. You know Magna Carta 1215, and then 1216 and good King Louis I of England, no I’m not making that up, he was proclaimed King by his followers, although never anointed, which is a pre-requisite for being a Monarch of England, if you want more details ask her Maj.

Constitution hall Boston mass

A good trick question is, who was the first elected American President, a note here, the trick is in the question, it isn’t, first US President. With that clue you perhaps think I mean South America. No I do mean the American Colonies, but when the Colonies first declared they were seceding from Britain, they called a ’Continental Congress’, and this Congress, elected a President, Peyton Randolph, he held the office for just the few days of the Congress, he was the first American President, but as there were at that point no United States, etc etc.

So Ken Livingstone was correct I hear you say, the German Nazi party were wanting to deport, not murder the Jews, well actually I have no idea. But I hate to rain on the Socialists party, it is irrelevant, Ken went on to say that it all changed anyway, and condemned what followed. However the word from the PC brigade is, do not discuss any point in History, because we write it, and unless you only refer to the PC Official History, we will condemn you for being a supporter of Hitler, correction anti-semite. Is this the lot that a few months ago were condemning Israel for being predominantly Jewish? And supporting Palestine and its random acts of bombing of civilians. While at the same time, declaring Israel should be convicted of war crimes for defending itself, despite the fact that the Israelis did not on the face of it, randomly target civilians, of course it is, hypocrites, is the word that fits.

Despite the fact that the 5,000,000 Jews who died in the Holocaust, I have changed the number so that foolish PC brigade will condemn me for denying the holocaust, it was as nothing, compared to the mass exterminations carried out by those good Socialists, Stalin and Mao Tse Tung, 30 millions and 70 millions respectively. Are those figures accurate, I have no idea, it may only have been three million and seven million, it doesn’t matter, the point is Socialism, kills, murders and starves people to death. The hypocrisy of the Left knows no bounds. There is currently no condemnation from Jeremy Corbyn, that Socialism in Venezuela is currently starving a Nation.

Socialism has had its nasty grip on Venezuela for decades, it should be one of the richest Nations in the world, it floats on a sea of oil, not offshore expensive to extract oil (although there is a lot of that as well), this is onshore drilling. Currently the corrupt Socialist Venezuelan Government, is blaming El Nino for all its problems, despite the fact that every other Nation in South America, is coping nicely thank you.

this number includes many who died from typhoid and other diseases,

Also the ‘Official’ figure for the number who were killed in the German holocaust, is a best guess estimate, and this number includes many who died from typhoid and other diseases, however should anyone with Political affiliations say this, they will be vilified on all sides. It is actually an offence with a prison sentence in Germany, it comes under the heading of Holocaust denier, despite the fact any person pointing this out, may merely not deny the holocaust happened, but merely want some accurate details?

What is really an offence to humanity, is the fact that whilst there is a drive for a Holocaust memorial day, this excludes the reasons why, the holocaust happened. Listen in to any Holocaust memorial speech, and there will be no reminder why the people of Germany and especially Austria found it acceptable to support the extermination of Jews, Gypsies, and Gays. Induced by high reparation demands from France, this impoverished a nation with no gain to the receivers of the reparations, and led to a mindset that says it is the rich who are to blame. In other words, it was the Socialist mindset?

The Holocaust happened because nasty people, with hate as their agenda, were in control. This is not the case at the moment, but it is people agreeing to tolerate repression of free speech, that is helping people who are nasty, get a foothold in many Democratically elected countries. Naive people agree that repression of free speech is needed, they are all wrong. Free speech, means freedom of speech, no ifs or buts, yes people get upset at what other people sometimes say, yes people use speech to encourage other to commit crimes. So be it, because it also shows these people for what they are, at which point they don’t get elected, because people who were looking for the truth were allowed to listen to truth. This Country is supposed to be Democratically run, this requires free speech, we do not have it.

ABA memorial Runnymede
Technically a piece of USA in England, this is the American Bar Associations memorial to Magna Carta, one of the few places in the Country, where free speech is allowed.
Guaranteed under the US constitution.

We go to the polls today in Britain, expect a drubbing for Labour, if it happens, good riddance, Socialism is a stain on humanity, read Bacon, the tale was about Christianity, if you read the four Gospels, you will find that when it comes to Economics, Jesus immediately backs off. The Sermon on the Mount,asks you to ‘Consider the lilies of the field, how they grow, they toil not, neither do they spin.’ but then promptly tells you that God will provide, well in the sense Jesus meant it was true, if you are an individual, asking for help, in most cases it will arrive. On a macro Economic scale, Jesus is silent, which shows how wise his preaching was. When you don’t know about something, shut up. Bacon was equally silent, but then he was writing fiction. In fiction Sherlock Holmes can look at two bicycle wheel tracks and know which direction the rider was travelling, in reality it is laughable hogwash. Bacon was writing a fictional tale, about how pleasant it would be in an ideal ‘Christian world’, there was no money required, because it was fiction. Socialists just buy a world of Fiction, but trying to impose it on others causes death, and the Economics are based on a total lie, that as the rich get richer the poor become poorer, were that even nearly accurate, we would not all be wealthier than the people of the 19th Century.

The Vote on whether to stay with an unelected European Commission, or to leave and let Europe stew in its own juices, is one European dilemma still to come, it will be a laugh whatever the outcome. Laughable because it will not really change anything, Britain under the correct leadership will prosper, whether it is in the EU or out of the EU. Jean Claude Junker will get it wrong, in his statements about Britain’s future, what ever happens, and he being a joke will not understand why he got it wrong.


19th May 2016


Unfortunately, there doesn’t appear to be one.

Smiley Bales John Ashtone
Smiles make people happy, more than any promises made by a Politician

Anti-Corruption needs promoting

The bulk of this post was written on Monday 16th may, just as I’m turning in for an early night, it would appear things are kicking off in Venezuela big style?
I won’t have chance to update this until Saturday 21st.

On 12th May there was an Anti-Corruption summit held in London, it hit the headlines nicely in the UK, because David Cameron the British Prime Minister, was recorded, informing the Queen that two representatives of the most corrupt Nations, would be arriving for this conference. His words inferred that both Presidents were equally corrupt, which was slightly unfair on Nigerian President, Muhammadu Buhari, who has been in office just over a year and has been struggling to fight corruption, although he hasn’t actually sacked anyone for it?

Saying Afghanistan has a corrupt Government, is bad manners, in the way of, it is bad manners to state the blindingly obvious.

Corruption stems from the top, it is up to whoever is in charge, firstly not to be corrupt themselves, but also be willing to sack and allow to be prosecuted, anyone who is, corruption affects the wealth of a Nation if it is endemic.

The Bolivarian Republic of Venezuela is deeply corrupt, hence why, what should be one of the world’s richest countries, is dirt poor. It floats on a sea of oil, has, dependent on your source of information, either the largest or 2nd largest oil reserves in the world. This is onshore oil, not expensive to extract off shore drilling, although there is a large amount of that too. I have been reading its constitution, well that was until I started to lose the will to live, somewhere around article 130! There are 350 articles plus amendments, so quite a lot of Micro management, and a lot of self doubt.

flag of Venezuela
Flag of Venezuela, without optional coat of arms

Everyone is supposedly equal under this Socialist Constitution, except Native Venezuelans are given, Articles 119 to 126, all to themselves, quite why it is felt Article 21 (All persons are equal before the Law) and its 4 subsections don’t quite cover the Natives, one is left wondering.

In truth I am not left wondering, it is that the whole thing is based on a fantasy, in this case the Socialist fantasy that you can impose Laws, but not ensure they are kept, by ruling party members. This leads to corruption, the Venezuelan Constitution in articles 25 to 27 guarantees, access to the Law to prosecute anyone violating the Constitution, this clearly, is not happening.

Hugo Chavez supporters insist he wasn’t corrupt,

It goes straight back to Hugo Chavez, who was the president from 1999 to his death in March 2013, and who promoted corruption, by using State funds to keep himself and his corrupt Socialist cronies in power. Hugo Chavez supporters insist he wasn’t corrupt, and that it was those around him. Well if Chavez was so Anti-corruption, why was no one sacked from office?

In Raymond Chandler’s story ‘The Big Sleep’ gumshoe Philip Marlowe, confronts the baddie, Eddie Mars, I’m paraphrasing here: Marlowe “No, Eddie Mars doesn’t kill anyone, he gets other people to do it for him. Eddie Mars isn’t corrupt, he has other people, be the fall guys.” Hugo Chavez was as corrupt as any other Politician that misuses their power, and uses money to keep power, no King Canute, he.

Big sleep Humphrey Bogart
Humphrey Bogart looking cool with cigarette, while his wife to be in real life, Lauren Bacall looks on.

Further down South America way in Argentina, Christina Fernadez de Kirchner, the Ex President has been indicted for Financial fraud, namely using the Central Bank to prop up the Peso, to keep her in Government. When you are that desperate, even the 30 days of oil reserves in the Falklands looks enticing. 30 days production for Saudi Arabia, is approximately the amount of oil estimated to be around the Falklands, about enough one would think to run a South American Presidential despot and their cronies around for a few years. Hence why she was spouting her crap about ownership of the Falklands, she was desperate. Socialist Argentina, even fell out with neighbouring Socialist Brazil, but then Argentina doesn’t seem to like anyone except perhaps, corrupt Venezuelans.

Dilma Rousseff, former President of Brazil
Dilma Rousseff, former President of Brazil

Brazil is also joining in the South American, anti-corruption fun, where the Senate voted for Dilma Rousseff to be impeached, again it is all down to corruption, oddly in this case, Rousseff is probably the least corrupt, and her downfall came when she tried having more than 360 other Senators etc impeached for corruption. All it shows is, that corruption is a way of life in South America, hence why it is so poor, and yet it should be so wealthy. The Brazilian Government is currently made up of an all white, all male Government, corrupt to the core.

This brings me back to the Danish King Canute, king of England, from 1016 through to his death in 1035. Basically England was part of the Danish Empire, and within England at this time was an area known as the Danelaw. The Danelaw was run by Canute’s bit on the side, Aelfgifu, this kept her away from Canute’s wife, Emma, who had been Aethelraed the Unready’s wife until deposed by Canute, when Canute married her. The main reason for this marriage, was to make his claim to the throne legitimate, in other words, it brought him inside the Law.

The story has Canute setting up his throne as the tide comes in,

Canute became deeply religious, and was famed for his wisdom, so much so that a story grew up, that Canute, was wise enough to know, he could only control his subjects, but not nature, like the tides or weather. The story has Canute setting up his throne as the tide comes in, and shooing back the waves, which of course kept advancing. “See the waves advance, I have no control over them, unlike my subjects.”

The Victorian text says Queen Emma.  The inscription within the drawing says Aelfgifu.  Canute's Danish born lover.  She was left in charge of the Danelaw, thus keeping her away from Canute's Queen Emma.
The Victorian text says Queen Emma. The inscription within the drawing says Aelfgifu. Canute’s Danish born lover. She was left in charge of the Danelaw, thus keeping her away from Canute’s Queen Emma.

He was so anti-corruption, that while on a pilgrimage to Rome in 1027, he sent a letter, back to England, to be read aloud in all Towns and Villages. The summary of which is ~I have all the money and wealth I need, I have no need for more, further, I pay my Sherriffs and other Government Officials very well. If any of them, are trying to extract more money, than what is due to the Crown, and pocketing it for themselves, tell me and I shall see they are punished.”

Contemporary accounts are thin on the ground, but certainly after Canute’s reign ended, he was seen as a model of probity. When William the Conqueror in 1086 commissioned the Domesday book, so that he could maximise his Tax gathering. It was the Laws of Anglo Saxon King Eadward III (the Confessor) that were used as the base point, in fact the Confessor introduced no new Laws, they were the Laws of Canute, again seen as the bench mark of probity.

In England upholding the Law and probity of governance, didn’t stop with William the Conqueror, King John famously got his comeuppance with Magna Carta, which ran down the ages and influenced the US constitution. The reasons the rich nations are rich and poor nations are poor, are complex, however one of the biggest influences, indeed a root cause of poverty, is corruption. All through the beginning of the 18th Century, in England, the free press hound those who are corrupt, and there were plenty who were, not least Robert Walpole, Britain’s first Prime Minister. A Parliamentary committee was set up to investigate the depth of the corruption. While this was never established, it did lead to Prime Ministers of the day, having the press investigating, the hacks of the day being effectively an anti-corruption squad.

a King Canute, willing to hang out to dry,

The leaders of nations can have all the anti-corruption summits they want, it is people in the various countries that are paramount, there needs to be a King Canute, willing to hang out to dry, anyone found being corrupt. This may just take the form of a free press, with a Judiciary that is independent of Government and Courts willing to allow prosecution, but everyone has to be inside the Law.

India’s economy is currently expanding at around 7%, in part due to a crackdown on corruption. The Indian people are fed up with corruption, especially among high ranking officials, but these are now being challenged and taken to court. At the top is President Modi, and by all accounts he is full square for the anti-corruption movement, certainly I haven’t come across any moves on his part, to stop or block any moves to prosecute offenders. This is as it should be, probity at the top a free press and allowing the Courts to dispense good justice, leads to a reduction in corruption. Turkey’s President Erdogan should take note, a free press means a free press, especially one that criticises a despot like him.

The South Americans and African nations, who wish to get themselves out of grinding poverty, need to learn these lessons. Indeed, China is going to have to face some awkward facts, about its so called Communist Government, namely get rid of the last remnants of this corrupt ideology. China has since the 1980s, relied on free enterprise, often wrongly labelled Capitalism, to bring itself out of poverty. To really throw off the chains of corruption, it needs to dump the Socialist or is that Fascist, or perhaps Communist claptrap, they are all the same nonsense.

roadside signage
Signs galore

Free enterprise works, but only where there is a free press, good government, to implement good laws, and allow fair competition, with as little interference as possible.

America from Mexico south and the whole of Africa, lack any of these, hence the corruption continues.


2nd June 2016


In Britain the two warring factions currently arguing over whether it will be better to suffer the slings and arrows of European fortunes, or find the way to dusty death via Brexit. This is how he referendum is currently playing out, Prime Minister David Cameron’s problem is that he is sounding more like Macbeth, ‘it is a tale told by an idiot, full of sound and fury, but signifying nothing’.

Iain Harris Car salesman selling car PM Cameron
Car seller Iain Harris selling a Nissan Micra to Prime Minister David Cameron for use by his wife Samantha

The idea of a European Union, should have died before, for Democracy’s sake, or be made truly Democratic.

Cameron has brought on the big guns, one in the shape of Mark Carney Governor of the Bank of England, who pulled off a neat trick, of being completely truthful about a referendum result, but he could afford to be, he only told half the story. He pointed out that in the case of a referendum vote for Brexit the impact on the financial sector would be dependent on the relationship negotiated by the UK. Well of course it would, what he didn’t say was, what the referendum impact on the Financial sector would be, in the event of staying within the undemocratic European fiasco. Britain along with Germany has plugged large gaps in the European dictatorships financial fiasco, and it comes out of my taxation.

Financial Times Money section
Share prices will go up as well as down?

representation for that taxation.

Can I have representation for that taxation. I am currently in the process of claiming tax withholding status, with the US Inland Revenue Service, when I have got it, I shall then have any tax paid in UK, not in USA, this is in keeping with the idea, that if one pays taxes, one should have a say in how those taxes are spent. This is not the case with Brussels, they spend my money then tell my elected representative to vote for it or against, if the majority is against, it is returned until the Brussels Parliament do vote it in, that is NOT representation for my taxation.

The despicable excuse for a President, Jean Claude Junkers, has intervened in UK politics, despite not having been voted for by any of the public, I have not even had the chance to say I voted against him. In the past he has re-iterated the lie, that it is the Common Market that has kept the peace in Europe, since 1945, what a complete load of balderdash.

NATO, has guaranteed peace in Europe, and that isn’t on the referendum agenda.

Democracy within the European thingybob

In all the mud slinging, from both sides, another point, aside from a lack of Democracy within the European thingybob, is that a Brexit would do little good to any trade, certainly in the short term, it would be bad, really wherever has that idea come from.

USS Boxer & Harrier Jump Jets
A stunning view of British Harrier Jump jets on USS Boxer, NATO brought peace. Copyright Wired

So let’s pretend it is 24th June 2016, we wake up and the UK has the results.

Well for starters it is a Friday, so whatever happens in the London Stock Exchange, will stop by late afternoon for the weekend. But my prediction will be, that the All Share, will rise and fall in equal measure depending on the companies’ relationship with Europe.

Haven’t I forgotten something, I hear the cry, which referendum result, Brexit or Remain?


both sides will claim a victor

The stock markets merely reflect, what share holders perceive the profits or losses will do, as a result of outside market forces. If we remain some companies will benefit, if we Brexit, other companies will benefit, both sides will claim a victory.

Meanwhile Sterling may well fall, if we vote Brexit, which will boost jobs and exports, so undermine the Remain campaigns argument that leaving will be bad for the economy, it will start booming, oops, not what Remainers wish to hear.

And the opposite side of the coin, is Sterling may well rise, if we vote remain, which will be bad for jobs and exports, again having the opposite effect on what all the Financial pundits are predicting, but then when was Tony Blair, Gordon Brown, OECD, IMF, ever correct, when making sweeping statements related to the Economy, they aren’t, ever.

Adam Smith £20 Bank Note
Reverse of £20 Adam Smith British Bank note, with strategically positioned pound coins, to avoid breaking the Law, on counterfeit infringement.

One of the problems Britain has, is that the Euro, is too low, this is because the PIIGS countries are depressing the price of the Euro, which means Germany has had an easy ride for the last ten years, or more, it could export, at what to the German economy, was favourable terms. This has given German companies a 20% to perhaps as much as 50% bonus margin, in other words if a German company was working on 12% to 18% net profit, this is boosted to 14.4% or even 27%, BMW anyone?

Here we come back to Europe’s lack of Democratic process, the bankers of Frankfurt decide the Economy of Greeks, not the elected representatives of Greeks domestic, Hellenic Parliament, this is just one prominent example, all the PIIGS countries are merely players, they have their exits and entrances, and in their time play many parts, and at the moment those parts, are doled out by faceless unelected bankers, exactly As they like it.

my new play, ~As you Macbeth it~

No matter how much they doth protest otherwise, to a greater or lesser extent, Portugal, Italy, Ireland, Greece and Spain are marionettes, to the puppeteers pulling the strings in Frankfurt, and Franco Draghi the head of the European Central Bank has his offices in the same place, Frankfurt, but is merely a walk on part, Le Beau in As you Like it, full of News, perhaps on a way to dusty death, my new play, ~As you Macbeth it~

In the short term the Referendum will not make, one jot or tittle, to the Economy if you are buying shares, my tip is buy in these last few weeks leading up to the Referendum, then sell or keep at your leisure. One cautionary warning here, I am generally poor at stock picking, but on this occasion I am fairly certain there will risers, especially those not closely associated with Europe, if only because markets don’t like uncertainty, and they certainly don’t like Politicians telling them how they should think.

Which puts Sterling in the spotlight, there were jitters sending Sterling down when a poll suggested a shift to Brexit, which is just what happened on Golden Wednesday 16th September 1992, erroneously called Black Wednesday by Politicians and media pundits, showing what a fat lot they know. It started a rise in exports and got Britain’s economy moving up and expanding out, for the following 15 years. This would also hit the Euro, as it would rise, hitting German exports, Jaguar anyone?

Jaguar XK120 in red
Jaguar from the 1950s, neat.

Back in March this year a team called the Spinelli group, based in Frankfurt, can you spot a theme here? Produced a report, so that its measures will be in time for the 60th anniversary of the Treaty of Rome, it outlines the ideas of a Eurozone economic policy. The idea is that the Eurozone and Euro in general need an overhaul, it has one sentence at the end, which suggests the Council of the EU should relinquish its powers to the EU Commission.

Of course it would, this would mean even less Democracy than the 0.1% Brussels already lacks.

Fantasists the lot of them.

Unfortunately very influential unelected fantasists.


16th June 2016



Smiley Bales John Ashtone
Smiles make people happy, more than any promises made by a Politician

The referendum is now producing more heat than light, with both sides indulging in some old fashioned mud slinging.

The Brexiters are making the most noise, and this is in my view skewering the polls. I have been trying to find out what the younger generation are going to vote, with little success, they appear to be in the remainers camp, but only just. I was dropping two under 30s off, the other night after work. It had just turned Midnight and there was no way I was going to let Gunta, a Latvian girl, walk home, and then Scott lived a bit further, so they piled into my clapped out old Suzuki Swift.

£1400 new and around 50 mpg average

I bought my Suzuki Swift six years ago, X reg 1 Litre engine, three door, with 32k on the clock, it has now done 153k, without a missed beat. It failed the last MOT with £400 of repairs needed, mainly suspension due to the potholes in our roads. So I had the work done and I’m now looking to upgrade, otherwise it had run supremely well, just servicing, tyres and windscreen wipers replaced. £1400 new and around 50 mpg average, it was a brilliant purchase, helping me reduce my debts quicker, and at just over £300 per year I think that is good for any car.

Suzuki Swift 1 litre UK 1998
My Suzuki Swift 1 Litre, that did 66MPG on 1 run, all motorway, but still managed 50 mpg around town.

I have just bought a replacement, a Suzuki SX4, eight years old 54k on the clock, and should be good for four to six years. I went for the SX4 purely for ‘cool’ but it did fill other needs, like having five doors, so the Ancient Parent (AP) can get in and out easily when carrying my two hips replacement Aunt. It also has a much larger carrying capacity, so future plans taken into account.

There is a pile of books on the back seat, of the Swift so some of these had to be moved so that Scott could get in. You know the usual library anyone might have in the back of their car, Economics by Samuelson, 50 Mathematical Ideas, HTML in 24 hours, Herodotus the Histories, general titles one pulls off the bookshelf at home!

I quizzed Scott on the referendum, who promptly told me he doesn’t vote, because there is no point, he was immediately admonished. Not that it would make any difference, he is of the ~if voting changed anything, they would abolish it school,~ a trite quote that doesn’t bare scrutiny.

My conversation with Gunta was equally disappointing, she had said yes she was able to Vote, and that was it, she wouldn’t comment either way, even though I was jovial and made it clear I was just enquiring. Now here’s the thing, through her broken English did she misunderstand my question, and think I was asking if she was able to vote in Latvia, unlikely as I had already made it clear I was on about the upcoming Referendum, or was she embarrassed. This could be for the odd reason she was going to vote out, personally I think it unlikely. But it is just possible, or perhaps I’m interpreting wrongly, her refusal to comment.

Latvian Flag 2016
I wasn’t aware of just what constituted the Latvian Flag?
I do now.

I get the distinct impression the swing will be clear cut, 55/45 at least, but I would still not say which way, from the pollsters point of view these are indeed strange times we live in.

If one looks and listens to the media, the Brexiters are definitely making the most noise, but this is kept in check somewhat, from the high pitched shrill of the Remainers arguments. Both sides are exaggerating, and making out they are informing you with facts about the referendum, when in fact neither side are, and neither side actually knows for certain. Hence why George Soros has come out of retirement to make some do$h. Quite right too, George has a knack of spotting an inconsistency, and here the inconsistency is the price of the Pound £.

£ sterling will rise, so exporters will be hit

This is a little bit easier to explain, if Britain votes to remain in the European Union, £ sterling will rise, so exporters will be hit, imports will be cheaper, negative inflation could tip to deflation, unemployment will rise. So the companies who are affected positively, by these types of changes, are worth buying, and sell short on those adversely affected, by these factors.

The other side of the coin is, should Britain exit the EU, then £ sterling will fall, dramatically, this will push exports up, reduce imports, and lead to a modicum of inflation. Employment is unlikely to be largely affected, one way or t’other, well not initially, it would then depend on the new Government.
Cameron might cling on if there is a large remain vote, but he will be swept away in a brexit result, and Gideon Osborne will go with him.

Certainly the business world hasn’t covered itself in glory, with the likes of Goldman Sachs, HSBC, JP Morgan etc etc. ignoring any information gained when Britain exited the ERM back on Golden Wednesday 16th September 1992.

They all seem to ignore the fact that when the pound fell sharply, British business went on a long steady growth trajectory for the next 20 years. The main problem is that Germany had the advantage that the PIIGS Countries, (Portugal, Italy, Ireland, Greece and Spain) all had catastrophic economies, caused by the high Euro. But here is the catch, for Germany it was always low, if the Euro was linked to the old Day Mark, it would be somewhere around, £1.08 1.12 per Euro not 80p, which would make it around $1.60 per 1 Euro, not the current $1.12.

HSBC Park Row Leeds UK
Main entrance to HSBC Park Row Leeds, when the Leeds Artist Atkinson Grimshaw painted Park Row, this would have been the Midland Bank.

In other words, and to help explain to those who struggle with currency conversion, if a German manufacturer were selling an item into America, the American would have to sell the products at $1.60 not $1.12 as at present, a big difference. Meanwhile if the Euro were at that suggested level for Germany with regards to UK, a decent BMW 3 Series currently somewhere around £33,000 would be in the region of £46,200. The difference would be the price of a British built Honda Jazz?

The truth of the matter is, that no one knows for certain what would happen in the case of a Brexit, although I can say one thing, George Osborne would NOT be presenting an emergency budget. He would be gone along with Cameron, and then there would be a new direction in British Politics.

or Osborne is stupid, no we’ll stick with arrogant

George Osborne’s arrogance that he would be able to present a budget, should the Brexit camp win, beggars belief. Either that or Osborne is stupid, no we’ll stick with arrogant. If the Remain camp win, the man will be unbearable, although with this foot in mouth statement, he will rue the day he opened his gob without thinking. If Brexit win, he will be history within 24 hours, and his complete balderdash, about the Budget will not be in the history books except as a side note on Hubris?

Whatever the outcome, Britain will survive, and under the correct leadership flourish.

If we do vote to remain, then John-Claude Junker’s and his Mussolini style partners in crime, should be given their marching orders, but then that would require someone with more foresight than Cameron, a man with so little bargaining skills, he paid full whack for a Nissan Micra for his wife?

Iain Harris Car salesman selling car PM Cameron
Car seller Iain Harris selling a Nissan Micra to Prime Minister David Cameron for use by his wife Samantha

The chap I bought my car from was advertising at £2,600, about £400 below list price, the seller wouldn’t budge from £2,400, but settled on £2,375 when he’d counted the Adam Smith’s out, lol. An old trick, but it was worth half a tank of petrol. I wouldn’t have expected Cameron to turn up with the readies, it would have smelt of shady dealing to the hypocritical press, but he should have been able to get £150 deducted, if only for the advertising that Ian Harris the Oxfordshire car dealer received from the sale.

Cameron is not a bad Prime Minister, but he is five out of ten, and to deal with Europe we need seven upwards.

Leaving the Referendum behind, I had left my old car at a friend’s, so found myself travelling on the Arriva 110 omnibus, to go and retrieve it, this runs between, Leeds Central bus station and south Wakefield, via the Wakefield bus station. There are two termini in south Wakefield for the 110, one is at Hall Green, a couple of miles on from where I live, which is close to the other Terminus at Kettlethorpe.

The two 110 omnibuses played an excellent game of tag

At about 09:10 hours the peak time morning traffic had held up the Hall Green bus, but the drivers shone and used their initiative. The Hall Green bus pulled round just as my Kettlethorpe bus was leaving, he let the former go first, who promptly drove past a long queue at one of the stops, leaving our bus to do the duties and pickup the waiting passengers, thus reducing the numbers on the bus that was late. The two 110 omnibuses played an excellent game of tag right into Wakefield bus station, the point being, they didn’t leave prospective passengers fuming, but at least kept the late bus closer to its schedule? When the Hall green 110 pulled into the Wakefield bus station, it changed drivers and was away. Our bus seconds later, promptly picked up the 20+ passengers awaiting collection. The drivers were good humoured and polite, which made travelling all the more pleasant. It made an otherwise dull journey a pleasure, my wife travels on this route nearly everyday, and had rarely had a complaint.

So here’s a thumbs up to a much maligned customer service, well done Arriva Sapphire Bus service

The busses have three pin plugs at each seat, allowing one to recharge a phone or connect to free wifi, they are clean tidy, and comfortable, all in all worth my £3.10 to the far side of Wakefield.

All I have to do now is sell my old Suzuki swift, I’ll probably advertise at £295 to aim at £250 but settle at £225 if pushed, it still has six months MOT and has never let me down, so a good little runabout stop gap, for someone?


30th June 2016


Smiley Bales John Ashtone
Smiles make people happy, more than any promises made by a Politician

Plus how Savings can be Britain’s Saviour

Well what a palaver over the Referendum, some youngsters didn’t get off their lazy fat arses and vote, so it is all unfair, they then throw a tantrum and blame those who did exercise their Franchise, for not voting the way they wanted.

So let’s get a petition together and then Parliament will have to have another Referendum.

Which has immediately been taken over by bots entering ghost supporters, it appears many come from North Korea and Vatican City, oh dear, fail.
Now read the rules kiddy winkies, it isn’t how Referendums work.

Socialist and stupid are totally interchangeable

The Socialists have a lot to answer for, they took hold of the Education system around 1980 to 81 to undermine the Conservatives, and groom the younger generation into being Socialist born and bred, well guess what, it backfired, because they are stupid, sorry Socialist (Socialist and stupid are totally interchangeable) or to be accurate, they have been brainwashed, and are learning the hard way, that life isn’t fair, and not everyone believes in fantasy stories, made up by a 19th Century privileged Prussian immigrant, who all his life, sponged off other people, because his family had savings and investments he could tap.

One thing in the immediate aftermath of the great British Brexit, was the markets, and the turmoil, the FTSE immediately went into meltdown, the FTSE 100 ending the week 106 higher than it started.

DLG Plc Leeds
Direct Line Group, is a FTSE 100 company, it sells Insurance

No that wasn’t a misprint, the FTSE 100 ended the week higher, and was 10% above its February 2016 level. Carol Vorderman was quick to Tweet that sterling ended the week higher than in February, having bottomed at below the 1980s lowest level, it rose to be higher than in February this year. The £pound going down, is good for the Trade Deficit, in that exporters find it easier to sell goods abroad, when the £Pound is low.

Markets go up and down, and that is what the FTSE is doing.

Meanwhile Gideon Osborne, has not got on his hind legs and produced the much vaunted emergency Budget, that he claimed would be needed, if the result was #Brexit?
He claimed the Budget deficit would be affected, which nicely segue’s into Budget deficit, and Trade deficit. It is clear listening to many Politicians, that most don’t understand the difference between the two.

To start at first principles, Governments don’t have any money, they collect revenue through Taxes, and distribute it around through Government spending. I will emphasise this, Governments have no Money, are you listening all you Socialist nit wits. All the spending they do, is with the Public’s hard earned do$h.

Sterling, otherwise know as the £ Pound. £20, £10 and Pound coins
Sterling, otherwise know as the £ Pound. £20, £10 and Pound coins

So the Government collect Taxes, and then spend our money, to do this they have a Budget. It is simple, the different Departments put in their spending requirements, and are then allocated funds, if they have worked everything out correctly, there will be just enough to go around, with nothing left over. This is a balanced Budget, if there is some money left over it means there is a Budget surplus, this can be used to pay down any debts that may have otherwise accrued.

If there are not enough Tax receipts, then the Government has to raise the shortfall through Government Bond issues, this is the National Debt, and currently the UK’s national Debt is somewhere in the £1.56 Trillion, or 1.56 with 10 zeros behind it, well what’s a few zeros between friends?

the main reason British companies keep being sold to foreign companies

Now changing the subject, the balance of trade is the difference between how much UK incorporated buys and sells abroad. The current level is eye watering, and is the main reason British companies keep being sold to foreign companies, the balance of trade always needs to be balanced.

Again I’m going to hammer this home, the balance of trade is always BALANCED. And for anyone accusing me of being condescending, you are merely in the know, many don’t, so I am unapologetic about stating clearly, what to you, is obvious.

The original idea of floating Sterling, was to end the need, to keep a balanced trade gap, and it works, but only up to a point Lord Copper. This is the reasoning, as export sales go down, so does the currency, this makes it easier for home companies to sell more goods abroad, because their goods or services are now cheaper relative to none Sterling Companies they are competing against. As a consequence sales go up, the Country runs a surplus, at which point the currency goes up, making it easier for foreign competitors to sell to us, so bringing the trade over time, into balance.

HGV Trucks lined up
All lined up ready to deliver goods to anywhere in UK.

That’s the theory, and as any currency does fluctuate, this should work fine. However it also needs lots of other factors to be at work, not least a Government in control of its finances.

believe that, I currently have a Bridge in Central London I want to sell you

Currently the German Central Bank the Bundesbank, is in charge of all the Euro Countries. Supposedly the European Central Bank with its Chair Christine Legarde is in charge of the Euro. Well if you believe that, I currently have a Bridge in Central London I want to sell you, nice location currently allows traffic across the Thames, low price, you pay for dismantling and removal, bargain offer?

I will cover how the Euro benefits Germany to the detriment of Spain and Greece’s young workers on another day.

In an nutshell the Euro is kept low, because of problems in Greece and Portugal, this benefits Germany’s exports, and why it has done well this last few years.
Now back to the trade deficit, when UK companies are sold to overseas companies, it means there are less UK profits, remember the profits are moved about the globe, usually to stable but low tax nations, hence Ireland being a sought after destination. This results in lower Tax receipts, for Her Majesty’s Treasury, which is needed to help pay down the National Debt, pay for Hospitals, Roads, Education, junkets for Politicians, you know the standard fare.

It is this point, where many people get stuck, the Balance of trade has nothing to do with the Budget, but one ~can~ help pay for the other.
The most important point is the drain on Britain’s wealth, in 2013 Vodafone balanced the Trade deficit with a single deal, the £84 Billion sale of Verizon to its US owners, although now Vodafone itself looks vulnerable?

Sterling was allowed to go way too high for too long

The problem can be traced back to 1980/1981, and Mrs Thatcher allowing the £ to rocket up to $2.40, the Chancellor Geoffrey Howe should have intervened and stopped it at $2 or $2.10 at most. Allowing it to rise got rid of a lot of poorly performing companies, but Sterling was allowed to go way too high for too long and killed many top rated very efficient UK exporters, who couldn’t trade for nearly six months, our competitors moved in and our trading status took a heavy toll, the upshot is our trading companies need rebuilding.

A new emphasis on savings needs to be implemented, high street spending needs discouraging, and much more needs to be done to encourage entrepreneurship, stuff the Socialists, and their policies of making people poor and forcing an unequal Society on everyone, free up the potential of the young, many of whom are not brainwashed morons, but decently educated people with ambition, and no money, or more correctly no savings.

When the odious Socialists bang on about Capitalism, meaning the Capitalism of Marx, it is a fantasy term invented by Marx. When the City financiers or entrepreneurs use the term Capitalism, they generally mean, Free Trade, or Laissez Faire, they do not mean fiction writer Karl Marx‘s definition of a venal organism, privately owned that exploits people. According to Karl Marx, Michael Marks creation the British retailer Marks & Spencer is a Capitalist exploiter of the people.

‘Don’t ask the price, it’s a Penny’

Michael Marks was a 19th Century Polish immigrant, who started a flourishing market stall in Leeds Kirkgate market, and he would be horrified that anyone should exploit another person, he succeeded with the simple slogan, ‘Don’t ask the price, it’s a Penny’, sales took off.

Secondly, Marks and Spencer is now a Public Limited Company, a Plc, anyone can buy a share or shares, in M & S, and have a say in its running, you may well be ignored, but you can have your say? And most of the staff own shares, and collectively they can bring great pressure to bear, Capitalism of Marx is fiction, in the end Michael Marks, knew more on enriching the populace. He started with a £50 line of credit, dealing with a wholesalers called Dewhirst’s, where he bought his stock for the market stall. Firstly Isaac Dewhirst, had the spare ‘Capital’ to allow the line of credit, but it is the next step that shows what the power of savings can do.

M & S First Market stall Leeds
Michael Marks first stall was in Leeds Kirkgate market.

Michael Marks wanted to expand up from his markets stalls, and into shops, and felt he needed a business partner for advice, help and guidance, Dewhirst wasn’t interested in the offer, but recommended his cashier, Tom Spencer, the two got on and Tom Spencer invested £300 in Capital, this was 1894, and on the principle an average wage would be around £150 per year this is about two years wages of the time, so today about £70,000, how many people today can put their hands on £70,000 cash savings. Precisely, and it is due to the savings mentality of previous eras.

what is wrong with people trading

The term Capitalism has become a word with two meanings, Socialists use it to demean, if they do, challenge them, and ask what is wrong with ‘Free Trade’, they usually stop dead, because of course you are taking the word for yourself, and away from them. And also what is wrong with people trading and owning the Companies they work for. They then have to back track, done enough and the Socialist nasties will start to think about what they mean by it?

But to increase entrepreneurship, savings need to rocket.

Here we hit a problem dual interest rates would help, but would be difficult to police, and ruled out by the bank of England, to help keep the £pound down, they should go into negative territory for overseas Sterling buyers, to encourage saving in Blighty, they need to go up for UK savers, let’s say 5%. How such a thing could be manipulated is difficult to see.

I will look at what happens, when interest rates rise well above inflation, Banks find they have money flooding into their coffers, Joe and Jane Startup are wanting to borrow for Capital investment, they have £50,000 but need, £250,000 for some new kit, this type of borrowing already gives Tax breaks (another way of saying Tax avoidance). So they go to the Bank, where at present they have to fight for all the money they can get. With money flooding in, the Banks would be only too willing to invest in trade and commerce, they want a return on capital employed, and to earn interest to pay the interest on monies held in accounts.

A caveat here, the banks also need discouraging from lending on housing, it is a British obsession, largely driven by a Socialist piece of legislation called ~The Town and Country Planning Act 1947~ introduced by Britain’s worst Prime Minister, empty head Clem Atlee.

Get rid of that Law and it would allow Houses to be built in Towns and Cities, and reduce the rape of the open Countryside.

First and foremost, the savings habits of the British need to be changed, we need to not only reduce debt, but increase savings, and with it wealth, right across the board, only then can we fight the trade balance, and get Britain on track to real prosperity.

With increased savings, will come increased investment in trade and commerce, and with that, the term Made in Britain will make a fast return.


14th July 2016


Here in Blighty there is a distinct whiff of quiet revolution, basically the old order of Leftist dominated Politics is under continued attack. Fortunately this is not just from outside, it is crumbling from within as well.

Brexit jubilation
The Revolution is here

in 1979, the Socialists were fuming

When Mrs Thatcher came to power in 1979, the Socialists were fuming, how could the electorate vote into power, someone whose Politics were based in the real world.

They hatched a plan to take over the Media and Education.

The Media onslaught was never total, nor could it be, there are too many free thinkers and Liberal minded people. By Liberal minded, I mean in the Gladstone sense, not the poncy idiots who believe that Socialism has some good points, it doesn’t. Also Rupert Murdoch was ensuring a certain element of free speech remained, even though the Socialists were adamant he was ‘agin it’, merely proving their fantasy ideas, and hypocrisy.

With Education however there was much more success, because the Socialists took over the teacher training colleges. So Teachers were indoctrinated with the Socialist propaganda from around 1980 onwards. The majority of teachers were unaware of this, they went to learn how to teach, to the best of their abilities, and were quite willing to follow the curriculum of the new order. This was all backed up by pseudo science, relating to how poor the ‘old methods’ of teaching were, so baby went out with the bath water.

Gone in this revolution was any whiff of learning by rote, this left the majority of children or students, who find it difficult to grasp basic principles, high and dry.

I did some adult literacy teaching, in the early 1990s, the chap David was a slow learner, but very dedicated. The first thing I did was teach him his alphabet, he had never been taught it.

Alphabet written
As easy as ABC

The whole thing came as a revelation to him, firstly that reciting the alphabet, made the letters stick in his mind. Secondly when I pointed out that every letter could be said two ways, the abc of the alphabet as recited in rhythm, but also that they could be said Ah Buh Kuh Duh etc. After that he came on in leaps and bounds, my little revolution had worked. I honestly put his lack of Literacy down to poor teaching, and the dumping of basic principles, like learning the alphabet off rote?

I never mentioned to my superiors, that I did rote teaching, because I had been told how ‘bad it was’ when doing tutorials on teaching?

Nine times seven is 63, not because I work it out, I just know it from Junior school?

The quicker Socialism becomes sidelined the better.

It is Bastille day in France, when hundreds of French stormed the Bastille to release all the suffering prisoners, all seven of them? The famous old joke went out. Sire the peasants are revolting, to which came the reply, yes they do smell don’t they! It kick started the French Revolution, in point of fact, Louis XVI wrote in his diary ‘Nothing’, which shows how cut off from reality he was. I wonder if the modern Mussolini, none Democratically elected, Jean Claude Juncker, keeps a diary? He is totally unaware of the Revolution happening in hs own back yard, ~June 24th, those stupid British have voted to leave our ‘True Democracy of EU’~

Storming  the Bastille
14th July, another day in the office in France

So Chilcott has finally been published and we can now chew on the fat.

Tony Blair was lied to, and so he told a bigger lie to Parliament and hence the public. He has been labelled a terrorist, yet again, the difference is, this time it will stick. He has also been called out as a consummate actor, another fact we all knew, but again it will stick.

This story is, for the time being, on the back burner, due to the party leadership elections.

the party was elected on a mandate

The Tories have played a blinder, Andrea Leadsom stood down to let the ‘Establishment’ figure of Theresa May take the Premiership of the country.
She has promptly thwarted my thoughts, that she would ‘ask Parliament’ to call an early Election, ruling it out, so that she can get on with brexit, but also saying the party was elected on a mandate which she intends to fulfil, so no echo of the revolution there.

Strategically this is odd, calling an Election in say October or November would have given her a fresh mandate. One based on Brexit, the current Tory mandate assumed we were staying in the EU.

However another way of looking at it, is that she can make up the rules as she goes along. Forget any particular sticking point, as the situation changes, so the strategy to deal with these upheavals can be worked out. All well and good, as long as it broadly corresponds, with the ‘will of the people’, but it can be catastrophic, when it goes out of step.

Brexit changed everything, the Revolution is on, and all the doomsayers were wrong.

Glorious Revolution in England
Saturday nights all right for fighting.
Elton John no where to be seen or heard?

Which nicely leads into, those bunch of over inflated egoists, the ‘Credit reference agencies’, it wouldn’t be too bad, if they generally got it right, when everyone else was wrong, but they don’t, just the opposite.

Their job is to keep abreast of how well a person, company, country etc, is probably able to pay its debts, or keep afloat, when all the other ships are sinking. Now let us be clear, they are taking a long term view, however doing so, without standing back and awaiting a properly weighted opinion, is nearing levity of a particularly virulent form.

Fidgety Fitch were first out of the starting blocks, reducing Britain’s AAA to AA.

Standard and Crap also went from AAA to AA which is two notches, AAA- being in between.

Monday Moody’s, appear to have acted, because they felt left out, it all stinks of herd mentality, they reduced the Britain’s rating to negative. Hardly any revolution here then.

So they now look rather silly and have egg on their faces, yes their original outlooks were based on a reduction in the amount of trade, and this could still be correct, but their reactions were classic knee jerk, and to be honest I expect more from these supposedly august companies.

I was self employed and not a limited company

This begs a question in my own mind, as to why I should hold them with much respect. Some years ago I had a run in with Experian. It’s summer 2007 I keep getting Emails and seeing adverts telling me to check my credit rating. Note I was self employed and not a limited company, I knew I was heading for bankruptcy unless I did something drastic, I had already set in motion the survival tactics eighteen months earlier, my priority save my house and pay my debts off.

So I thought I will have a look and see how poor my credit rating had become. I couldn’t do so because my credit was so bad, Experian wouldn’t accept my credit card?

A year later I try a ‘free credit rating’, no luck Experian would not let me see mine for free, now whether I did something wrong, I don’t know, I didn’t try very hard, it was just curiosity.

So in 2010 when I was formally invited by Experian to open an account, I thought I would first take a look. Fail. Then to my surprise, I was being billed £7.99 from Experian, really I had opened an email and that was it, I certainly hadn’t given my Bank card details. I suspect it was passed on by the bank, and that that was the reason I had had the original Email.

After the run in with Experian to stop the Direct Debit from Lloyds, what happened next opened my eyes from top to bottom, a short time later I had a phone call from HSBC.

This was to do with my, business bank account, and a very nice lady with a lovely Welsh accent was inviting me to review my overdraft facility and bank loan. I stopped her there, explaining I would be blocked because of my wretched credit rating.

She soon put me in my place, ‘HSBC is not interested in what Experian, or any other credit reference agency has you rated as, I am within certain limits, authorised to readjust or increase over a longer term your bank loan payments, and to increase your overdraft. You have banked with us for over twenty years, and have never defaulted, that is your credit with HSBC.

She could be strict with me anytime

She could be strict with me anytime, stockings, whips, sorry back to the subject, it was however so revealing about Credit ratings.

Madame Strict
Be strict with me Please

At the time there was a chap who posted on Money Saving Expert
nothing but how, over rated and generally useless the Credit rating agencies are, whether he still does I wouldn’t know, but I think a persons age has much to do with it. When you are young, yes they have power, but the older one gets, the less use the credit agencies are.

The same goes for Countries.

The EU being young is much more likely to default after this Revolution has got under way, than Britain, which has never defaulted. We may also end up increasing our trade faster then the EU, so the whole farrago of reducing the credit rating in the first place, will merely make those agencies, look a little less mighty.

Revolution, bring it on.


28th July 2016


DAF Trucks lined up
Industry makes the world richer through efficiency.

The trouble with Macro Economics and GDP is, the numbers don’t add up.

One of the reasons the old joke, about asking a dozen Economists a question, and you will probably get thirteen answers, rings true, is that much of what passes for fact, is no more than opinion.

Eomer, existed as an historical figure

It also doesn’t help when you get someone like Karl Marx taken seriously, when he just invented fantasy ideas with no grounding in reality. J.R.R Tolkien writing, The Lord of the Rings, has more basis in fact, at least Eomer, existed as an historical figure, and the ancients did name their swords, in the way depicted in the books. The rich getting richer as the poor get poorer is so obviously a fantasy, witness we are not poorer than our Victorian ancestors. As the rich become richer, the poor become less poor.

#Brexit, is Britain headed for the Economic Buffers?

#BrexitVote is now more than a month gone and on social media the doom mongers are having a field day, Britain is headed for the economic buffers, big style and it is all the fault of us leaving the EU. A load of codswallop of course, the latest figures include part of the time #Remain was looking to win.

Although the latest figures released yesterday show growth of 0.6% but that is really for April so nothing whatsoever to measure #Brexit effect by.

Brexit jubilation
The Revolution is here

Ireland has just shown an increase in GDP of 26%, no I haven’t missed digital marker, twenty six percent, increase, Ireland, GDP. Being a small sized economy the figures were skewed by a multi-national company, relocating its Head-Quarters to Ireland for tax purposes, it was a large aircraft leasing company, so boosted the Country’s GDP. For the overall economy, there is very little change, Ireland has not suddenly had a 26% boost in personal spending, but that’s what the figures could be interpreted as, should one wish.

GDP was ‘invented’ back in the 1940s, 1950s

This highlights a major problem, GDP was ‘invented’ back in the 1940s, 1950s to enable ‘Macro Economists’ to explain a country’s wealth to the general public, in a way that the average citizen could understand, and to a large extent it worked and still works. If a Country’s GDP per person was $20k and Joe Bluecollar was earning $15k he could see he was a tad under the average, possibly just around where he thought he was. The fact that his partner Jane Part-time, also contributed $10k to the household pot firmly placed them in the about average for their time. GDP figures are largely based on a manufacturing, agricultural economy.

In 1964, four lads from Liverpool were awarded MBE’s for their services to industry, some people became really upset, that the Beatles had received these awards, they had only sung a few tunes and shaken their mop heads, with hair which was far too long? In point of fact they were tapping into an expanding way of making do$h, by manufacturing songs and earning overseas currency, it is called copyright.

Beatles Abbey Road Cover
Four lads from Liverpool, who wrote some fab tunes, many of which topped the hit parade.

I use the term manufacturing deliberately, there is a myth, that manufacturing requires metal bashing or such like, well it is just that, a myth, song writing, film making, computer programming are all manufacturing, that novel didn’t write itself, someone sat down and ‘manufactured’ it. Plus these products often last longer, I’ll lay money you heard a Beatles tune more recently than you saw a 1960s British built car tootling down the road, or watched a pre 1980s film more recently than you rode in a pre 1980s bus or coach?

Here lies part of the problem, while counting vinyl record sales was always fairly easy, counting the digital economy is not, also double counting has always been a fly in the ointment. But there is a much more problematic and fundamental point, that GDP misses quality and relative wealth. This covers health, always a difficult economic metric to measure, but likewise excellence of goods. The British cars previously mentioned regularly broke down, as did all the other makes at that time, quite why the VW Beetle was thought to be reliable, when it was patently unreliable, beggars belief. These days some Honda Cars have a 99.8% reliability standard, plus consider all the extra bells and whistles now included, should lower any percentage figure. yet they remain higher than ever, none of this is measured in GDP.

no air con, the last was provided by a sun roof?

It also causes an economic problem when measuring ordinary growth, the car I have recently bought is averaging 46mpg, it is a 1.6 litre engine, my first car was a Triumph Herald, with a 1.2 litre engine that I was happy to get 32mpg from, and no power steering, no central locking, no electric windows, no air con, the last was provided by a sun roof? GDP attempts to measure efficiency, it falls short.

Part of the problem arises from the human capacity for original thinking, Herman Hauser was on the TV the other dayARM Takeover over the sale of ARM, the chip design giant. Herman was one of the originators of the BBC Micro, which was about 1/3 the size of the IBM PC at the time, but the BBC micro was a lot larger than the Sinclair Spectrum. Efficiency at work while you were watching, also worth noting was, the Sinclair Spectrum plus, used a rubber keypad that is the basis for most full sized keyboards today. Here is just one thing GDP measures, both accurately and inaccurately, number of keyboards, but only in monetary value, not worth to the customer, or reliability.

We are however stuck with this metric, and until some other can be agreed, it will remain.
Meanwhile UK is heading, for the Economic doldrums, and UK’s GDP will suffer, but is it because of #Brexit view, well here comes a good Economists answer, yes and no?

Germany dominates

What the EU Ministers are keeping quiet about, is the fact the whole of EU is also heading for a downturn, so why should UK be so much different,#Brexit or #Remain. What they are keeping shtum over, is UK as likely as not, will emerge, quicker, and more robustly, simply because Sterling will react to the Government’s, twists and turns more accurately than the Euro does to individual Countries, within the zone. Germany dominates, so it is useless any smaller economy trying to buck the trend in any meaningful manner, except by efficiencies, and that’s the point. However countries like Greece, that are locked into political dogma that stifles flexibility, are basically stuffed.

UK is set fair, already the Government is keeping the tiller steering for calmer waters, yes there are a few people in UKIP shouting for Article 50 to be triggered immediately, but clearer heads are saying let’s work with our neighbours. The main people upset over all this are Jean Claude Juncker, and the French President Hollande, Juncker should be ignored, and Hollande placated, until he is thrown out of office, in May next year.

Drake playing a game of bowls
SIr Francis Drake famously waiting for the tide, before going off and earning a bob or two privateering, and then going and defeating the Spanish Armada.

Britain meanwhile will weather any storm of leaving the Port of EU, by doing what Drake did, and waiting for the tide, in the meantime, exporters should carry on benefiting from the ten percent reduction in sterling. Savvy importers should look how to reduce their costs, or look to reducing the amount of value they import and where possible look to adding value, within UK, and thus also benefiting from a lower £. Easier said than done, but I did come across someone who had not even given it any consideration?

GDP could go down because of the lower value of sterling, but many in UK could still be better off financially, courtesy of higher inflation reducing the true cost of borrowing. No the figures don’t add up, well they do, but again another good economists answer.