Italy To Become The Hub Of The EU’s Change Or Die Dilemma

The Eurosceptic,  populist coalition that won the right to form a new government in Italy, Five Star Movement and Lega have agreed their government. The legislative program is very independent and nationalistics  And the bureaucrats in Brussels hate it.

At the moment Brussels is trying to scare the outsiders now in charge in Italy, just as they scared greece, Portugal and Ireland, to soften their stances on reform and maintain a status quo which is destroying a great country and culture. The problem is, excluding Britain which is on the way out, Italy is the third largest EU member nation by both population and economy. And the leaders of the coalition have made clear the position that what is good for Italy is their main priority and what’s god for Brussels and Germany (which are the same thing realy,) are minor considerations.

The League and Five Star Movement leaked demands for $250 billion in debt relief from the ECB.  There was also a demand for developing a mechanism for countries to leave the euro, according to a, now discredited, report from Reuters.

The final proposal doesn’t have any of this inflammatory language, but don’t think the leak wasn’t part of their negotiating strategy or part of where the are ultimately planning to take their country.

The rest of the proposal is hostile enough to Brussels (see below) to cause a major schism with other south European nations and possible the Visegrad group led by Poland’s Eurodissidents supporting the Italians.  And with ECB President Mario Draghi now signaling the need to consolidate European sovereign debt under its umbrella, the stage is set for a huge bust up.

Here’s conservative economist Martin Armstrong’s take:

So everyone else understands what this is about, the ECB President Mario Draghi has come out and proposed interlocking the euro countries to create a “stronger” and “new vehicle” as a “crisis instrument” to save Europe. He is arguing that this should prevent countries from drifting apart in the event of severe economic shocks. Draghi has said it provides “an extra layer of stabilization” which is a code phrase for the coming bond crash. [emphasis mine]

In effect Armstrong is telling us that Draghi understands how bad things truly are and that Italian leadership knows they have the upper hand in debt negotiations. They are prepared to push Brussels hard to get what they want.  And well they should.  League leader Matteo Salvini understands how ruinous the euro as administered by Germany has been for Italy and most of Europe, particularly Greece, Cypris, Portugal and Spain.

So, to him, if the price for Italy to stay in the EU is to force the northern countries to accept debt consolidation and write-down then so be it.

If they won’t agree to that, then Italy’s new leadership is prepared to back to the people and say, “We tried.  Screw them. Let’s walk.”

The rest of the coalition proposals are a mishmash of right and left policy prescriptions that will drive the IMF and Brussels mad.  But it is a credit to these very different parties that they have managed to agree the compromises they must make work if they are to take back their country from the insanity of the status quo in Europe, which serves no one’s ends except the globalist cartel which stands behind the public faces of the EU – Juncker, Merkel, Tusk, Macron, etc.

One is calling for lower taxes and regulation, the other wants generous pensions and universal income.  These are not easy differences to overcome. But they have, to no one’s complete satisfaction. Both leaders and their parties understand the main issues facing their government are immigration and Italy’s relationship with the EU.

The EU can go and F*** itself!’ Politician’s Outburst Rallies Support In Italy
The leader of the Lega party, Matteo Salvini claimed the European Union should stop interfering with Italian politics as measures taken by the bloc have crippled the Italian economy. Mr Salvini is the frontrunner in the upcoming Italian general election to become Italy’s next Prime Minister.

Quitaly? Will Italy follow Britain out of the EU? With a referendum in Italy, ostensibly on constitutional reforms but perceived as a referendum on the leadership of the ruling elite, looming in November and the anti – globalisation, pro sovereignty Five Star Party growing in popularity all the time. Should the constitutional changes be voted down, and the against campaign is showing a comfortable lead in opinion polls at the moment, it will put a Quitaly in-out referendum, similar to the so called Brexit vote that kick off the process of Britain leaving the European Union, at the top of the agenda.Threat Of Major Scandal Prompted Early Election Move – UKIP
Leaders of the (UKIP) have made astonishing claim that Prime Minister Teresa May’s calling an early General Election was done to pre-empt a series of by-elections that could be called following alleged electoral fraud. Accusing the Conservative government of “putting party before country”, UKIP appeared to suggest the scandal and ensuing disqualification of MPs could rob the government of its slender majority.
Nigel Farage Swipes Back At Irrational, Screeching, Crazy Clinton
US Democratic Party presidential candidate Hillary Clinton launched a hysterical, irrational attack, filled with half truths and blatant lies, against the most prominent figure in the campaign to get Britain out of the EU (Brexit), UK Independence Party leader Nigel Farage, during a speech at a rally today. Mrs Clinton, responding to Farage’s address to a large and enthusiastic audience at a Donald Trump rally, may have been rattled at the prospect of having such a hihly effective campaigner in the rival camp …
Rebellion Against EU Authoritarianism Escalates As 8th Member Nation Threatens Referendum
Brussels went too far, they crossed the line in moving from an economic union to a political pan – European political empire. In the end it was a race as to which member state would quit first, Britain, Netherlands, Denmark or Italy. In the event it is Britain.
Is Brexit A Harbinger Of Doom For The ‘Experts’
The Brexit vote, the decision by a democratic majority in Britain to leave the European Union has sent shockwaves around the world. Not only does the EU now face a tsunami of departures, the usurpation of democracy by ‘experts’ ( technocrats ) has been challenged and exposed as a sham.
BREXIT vs. GREXIT – The Truth About The European Union And How It Treats Members
Unless the testicularly deficient politicians stand up for their nations he only thing that will halt the European Union’s push beyond Europe’s geographical borders to incorporate Asian, middle eastern and north African nations is war. Power is addictive and the bean counters of Brussels have ambitions far beyond Europe.
The Hypocrisy and Snobbery Of The Remain Campaign And The Antidote
When I had to defriend a Facebook contact because she was arguing in favour of the EU, it was not simply because I support Brexit that I had become pissed of with her, it was the snobbish and condescending way she dismissed supporters of LEAVE and their case. People are entitled to their opinion on the European Union, but they should check the ‘facts’ they post in support of their arguments.
The Labour Case For Brexit by Kate Hoey M.P.
After my short intro is a savage indictment by Brexit supporting Labour MP Kate Hoey of the way the Labour Party has abandoned the working class and is now trying to betray the party’s proud heritage and its roots in the industrial areas by taking Britain into an undemocratic, corporate controlled, capitalist friendly, elite dominated globalist control freak project.
Dutch Referendum This Week Shows why We Should Leave The EU.
Few of you were aware probably that there is an EU referendum vote in The Netherlands this week. As usual with anything negative about the EU barely a word has been printed in the topic in mainstream media and the silence from our notionally unbiased national broadcaster The Bolshevik Broadcasting Corporation (BBC) has been deafening.
French, Belgians, Dutch, Italians Follow Britain in Euroskepticism
Europeans want us British to lead them out of Europe. Don’t be fooled by project fear, the European Union (aka the Euronazi Federal Superstate) is falling apart. There will not be chaos if we leave, there will be chaos if we stay.
Head Of European Institute: Brexit ‘Better’ For Everyone
Brexit would be the best result of Britain’s in / out referendum for both Britain and the EU i a Belgian professor who heads up the European Institute at the London School of Economics (LSE) has said.
Johnson’s article lines up his reasons why Britain must exit on June 23rd. It’s time to be brave
OK, I know a lot of you think Boris is most accurately described by a word many people find offensive, but he’s put together a very good argument here on why we must leave the EU. Published in part here under ‘fair use’ terms and conditions, in the public interest …
Cameron’s EU Package: Not A Deal But A Few Turns In The Spin Machine
As we and almost everybody else predicted, David Cameron’s deal to improve Britain’s relationship with the EU is worthless. It changes nmothing, and can be vetoed once we have voted to stay in.
Cameron Plays Deal Or No Deal In Europe
David Cameron, who was apparently up all night trying to make other European leaders understand why his country needs a better deal in order to poersuade the prople it is a good idea stay in the EU. Unless Cameron gets what will enable him to sell the idea of surrendering national sovereignty to a Federal European Superstate ruled by a committee of unelected bureaucrats in to the British public he will not campaign for the UK to remain in the bloc
EU Refuses to Block Eurozone Integration to Reach Agreement With UK
Austrian Chancellor Werner Faymann said at the E?U summit on British membership terms that the European Union wants to reach an agreement with the United Kingdom, but it is not prepared to compromise the banking union (financial integration) or the further integration of monetary union (UK being forced to abandon the pound join the Euro?) to achieve this goal.
Cameron’s EU Deal Worthless. It Can Be Vetoed In European Parliament?
Opinion polls show Britain is evenly divided on the question of whether to leave or remain in the EU, though it has been suggested up to 10 million other voters, many of them women, have yet to make a decision. How they cast their vote will shape the future of the world’s fifth largest economy and the EU itself. But what is really at stake is more important than economics …
Obama’s intervention in UK politics triggers angry backlash
Angry Britons have launched a petition calling for U.S. President Barack Obama to be prevented from speaking in the UK parliament on Britain’s forthcoming referendum on European Union (EU) membership.

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Has The Tech Backlash Begun

The world of high tech, Internet based businesses have had things all their own way as governments and regulators meekly stood aside while tech companies played fast and loose with users data, (not talking about the data gathered from our explorations of their sites or personal details we volunteer, but the practice of ‘data mining,’ scraping up personal details from our hard drives,) destroyed whole industries, turned the high streets of our towns and shopping centres of our cities into deserts, made “not-fit-for-purpose” an acceptable quality for goods on sale, and dehumanised the whole process of buying and of socialising.

It was inevitable there would be a backlash, not from business rivals, politicians sweetened by campaign contributions and fearful of being dubbed anti – progress or anti – science have let the tech industries get away with murder – literally in some cases. The resistance was always going to come from ‘we the punters’.

For almost two decades we have complied with exhortations to ’embrace change’ even when it was clear the change was not for the better, we have been pushed into shifting most of our financial business online, trusting financial details and our money to a notoriously insecure medium, we have been squeezed into buying from online retailers, knowing through mainstream media that ‘customer service’ was a completely alien concept to the bosses of these organisations, and we have accepted an increasingly impersonal world where increasingly our interfaces are with robots.

AND ALL THE TIME WE WERE ABLE TO SEE THIS BRAVE NEW WORLD WAS JUST NOT WORKING.

So it is encouraging that we are seeing headlines like:

What’s happening? Bernie Sanders Agrees With Trump: Amazon Has Too Much Power

Independent Vermont senator and 2016 presidential hopeful Bernie Sanders echoed President Donald Trump in expressing concern about retail giant Amazon. Sanders said that he felt Amazon had gotten too big on CNN’s “State of the Union” Sunday, and added that Amazon’s place in society should be examined.

“And I think this is, look, this is an issue that has got to be looked at. What we are seeing all over this country is the decline in retail. We’re seeing this incredibly large company getting involved in almost every area of commerce. And I think it is important to take a look at the power and influence that Amazon has,” said

Sanders.

After the backlash against Facebook over the past few weks for privacy abuses, and the backlash led by President Trump against Amazon, is there something bigger going on. Are these things connected? Yes, they probably are, but not in a way that either Trump or Sanders has clued in to. Someone who has, a for now lone voice, is Dave Stockman, a financial pundit who describes himself as a Washington insider turned iconoclast. Here’s what he wrote last week.

It is said that even a blind squirrel occasionally finds an acorn, and so it goes with The Donald. Banging on his Twitter keyboard in the morning darkness, he drilled Jeff Bezos a new one – or at least that’s what most people would call having their net worth lightened by about $2 billion:

“I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!” You can’t get more accurate than that. Amazon is a monstrous predator enabled by the state, but Amazon’s outrageous postal subsidy – a $1.46 gift card from the USPS stabled on each box – isn’t the half of it.

The real crime here is that Amazon has been exempted from financial regulations, and the culprit is the central banks’ malignant regime of Bubble Finance. The latter has destroyed financial discipline entirely and turned the stock market into the greatest den of speculation in human history. That’s why Bezos can kill established businesses with impunity.

The casino allows him to run a pernicious business model based on “price to destroy”, rather than price for profit and a return on capital.Needless to say, under a regime of sound money and honest capital markets Amazon would be a far more benign economic creature. That’s because no real investors would value AMAZON’s money-loosing e-Commerce business at $540 billion – nor even a small fraction of that after 25-years of profitless growth.

The bubble economy that was forced into being by Barack Obama’s stupid and economically illiterate Quantitative Easing policy and ultra-low rates, which saw central banks buying up trillions in what used to be sound assets, corporate bonds, and allowing massive buybacks that allow companies to While stocks nominally trade at astronomical rates, but actual traded volumes are low. Buybacks allow companies to reward managers and senior staff with stock, and then buy back the shares they have paid in lieu of salary or bonus, thus avoiding tax and holding their own stock while running on borrowed money, escaping financial scrutiny. The system allows them to inflate stock market capitalisation and raise their ‘value’ to astronomical levels by inflating the value of shares and capital assets. The system enabled a company like Amazon to kill off its competition, which consists of many thousands of retailers, all the time running a balance sheet loss on paper.

These financial policies have allowed not just Amazon, which though Trumps favourite target currently, but many of the most ‘valuable’ tech companies to expand at an exponential rate without having to account to investors for absence of dividends and thus elbow their way into our lives in ways designed to seem beneficial to us at first, but in reality resulting in less variety, less competition, and thousands fewer jobs. For too long they were the darlings of the media and the stock markets; the creations of the brightest and best among us, according to ‘the narrative.’

For some of the creations of our tech Olympians it’s easier to see the inevitability of disaster than for others. Tesla, Uber, Airbnb are all struggling right now, but more will follow. What you may notice is that two of the three sell noting but ‘cool.’ Tesla also may pretend to be a real car company, but in reality they sell stocks to investors, basing their pitch on promises they cannot fulfill.

Even Apple may not be immune from the carnage even though they make and sell real things they make real things! Apple CEO Tim Cook may have sought to distance his company from the likes of Facebook on morals and ethics, he can’t deny that Apple sells a zillion phones to a large extent because everybody uses them not so much to look at Facebook and Alphabet, Uber and Air BNB apps because there are many cheaper pieces of kit out there that will do the job just as well. People buy Apple in order to be seen using Apple gadgets, so what Apple really sell is social kudos. If data ethics are the only problem Cook sees ahead, he’s in trouble.

Silicon Valley infighting shows that the industry does have an idea what is going wrong, in ways that should have already led to many more pronounced worries and investigations.

Mr. Cook, who has long sought to differentiate Apple on privacy matters, contrasted its focus on selling devices with Facebook and Google’s ad-based businesses that are built on user data. Asked what he would do if he were Facebook CEO Mark Zuckerberg, Mr. Cook replied: “I wouldn’t be in this situation.”

Facebook hasn’t responded specifically to criticisms, but the hostility of those who live in the same glass palaces has provoked adverse comments from its own former vice president of growth, Chamath Palihapitiya. “The short-term, dopamine-driven feedback loops that we have created are destroying how society works,” Mr. Palihapitiya said at a talk at Stanford University in November.

We can expect to hear much more in the same vein over the remainder of this year. Big Tech is changing the world in more ways than one. And spying on people Facebook-style is merely one of a long list of them. Facebook doesn’t build the devices people use to see what their friends had for breakfast, Apple does that, but it’s the way Apple sells those gadgets that makes it vulnerable. Moreover, Apple profits hugely from stock buybacks, the practice of rewarding senior staff with company stock which they can then sell back to the company, thus incurring a lowrer tax liability than income from salary, so it fits in Stockman’s bubble finance definition of Amazon, too.

The failure of politics to investigate, and act against Facebook style ‘dopamine – driven’ feedback loops which exploit a vulnerability in human psychology in order to maximally waste your time and sell you product after product that you never (knew you) wanted is bordering on criminal negligence. They all made the mistake of thinking they could get away with it forever. What was that somone once said about not being able to fool all the people all the time.

IBM Lays Billion Dollar Bet On Artificial Intelligence System Called Watson: They’ll Lose
This publication has always been sceptical of the claims made by computer scientists that’the thinking computer is just around the corner’. The fact is pointy heads have been saying arificual intelligence would be with us in two or three years for the past forty years. And the old computer professional who owns the site says we are no nearer than when he wrote his fisrt program.

Nothing Good Has Come Of The InternetWhen a technophobe denounces the internet as anti – social, anti jobs, a force for dumbing down or a waste of time it can easily be dismissed but when the CEO of a major technology company like Sony saays nothing good has ever come of the internet we should perhaps listen..

The Robotification Of Human Society Is being Implemented

Are you ready to surrender your humanity to science, accept having computer chips implanted in your skull that will link your brain to the internet (via a Google server) and let your life be controlled by machines? That’s what The Controllers are planning for you …

Internet Access As A Human Right?A survey carried out by the BBC found a majority of people around the world believe internet access should be a basic human right. We suspect a bit of statistical rigging because the majority of people in the world live below the poverty line and probably have more urgent priorities than surfing the net.

Is The Internet Making Us All Stupid.The more gullible and wide eyed among academics like to burble ecstatically about how the internet has ushered in a new age of creativity. We have to wonder just how much time these self styled experts have spent surfing scial networking sites

Web Induced DementiaIn most civilised societies there are laws governing what outrageous claims advertisers can make for their products. This does not apply on the web it seems, where ‘revolutionary new world changing technology’ means ‘not fit for purpose’

Computer Cops Will Arrest You Before You Commit A Crime
Innocent until proved guilty has always been a basic principle of British and before the Union, English and Scottish justice. Since late in the ninth century when King Alfred signed into law the Liber Judicialis, the presumption of innocence has stood.Thinking of committing a crime was not punishable, only in George Orwell’s dystopian novel “1984” has Thought Crime ever been a punishable offence. Until now …

Is Technology Creating Physical and Psychological Hazards In The Digital Age?
Scientific research used to be the area of work that trailblazers, those with an unquenchable desire for new experience and a hyperactive sense of adventure wanted to be involved in. Now those who label themselves ‘scientists’ seem to have become the high priests of an ultra – conservative religion, determined at all costs to block progess that may lead to understanding that the dogmas of the past are just wrong

The Mummers: The Controlling system And The Illusion Of Freedom
We live in a world of deception, where truth is an ephemeral thing, slippery as an eel and shadowy as a spectre. What we are expercted to perceive as reality is just spin and misinformation designed to ensure the elite maintain their control. There’s eff all you can do just get on with your life, say the shills for big government and authoritarianism. But are we really nothing more than slaves of the system?

Google’s Brave New World Of Artificial Intelligence – And The Destruction Humanity
Almost every day we hear scientists burbling about artificial intelligence and how very soon machines will be smarter than humans. As scientists are nowhere near as smart as humans its hard to see how science can build something smarter. The problem is of course we don’t understand what contsitutes intelligence – those who think academic qualifications are the only indicator are retards. So where will this madness to replace us with machines end?

Transhumanism – What The Elite And Their Science Whores Have Planned For You
Transhumanism, the creation of – or turning us into – part human, part machine cyborgs is generating a lot of discussion and a lot of spontaneous ejaculations in the scientific community as they contemplate having their brains replaced by a computer. There are no limits on the ambitions of scientists fantasies, they even envisage creating robots that can interbreed with us, but how much is realistic?

Don’t be Evil, Google Will Do It For You
Google have abandoned their “Don’t Be Evil motto. Good thing really, they are becoming more evil every day. The latest plans to integrate our brains with their servers may seem like a science fiction freaks wet dream, but these creepy nerds are serious …

Google wants to change the way you see the world
News Used To Be Important – Now It’s Just EntertainmentPeople talk about technology, mainly television, cellulat telephones and the internet having given us an unprecedented ability to communicate. But have they? OK, we can trade meaningless messages with strangers on the other side of the world, we can join the cacophony of social netwoks where everybody yells at once and nobody listens, or we can sit in isolation, shouting inmto the void. But none of those are communicating. Technology has actually inhibited communication. …

Google Evil Empire In New Privacy ViolationOnce again the neo-Nazi nerds at Google are in trouble for playing fast and loose with our privacy. Google have bypassed browser privacy setting to track our movements on the web, the bettrer to target us with ads for poxy shite no sane person would buy. What is it these arseholes find difficult to understand about the idea that in the real world or cyberspace same rules apply …

Google Has Comptely Forgotten ‘Don’t Be Evil’ As The World Domination Agend Gathers PaceAt last Google has been caught stealing information from a business rival rather than private induviduals. Will people now wise up to these scumsucking pirates of the internet search engine world.

Science Brings Doomsday Closer – scientists announced we are nearer to a global catastrophe than we were a year ago

A Chronicle Of Decay
Slaves Of The Machine

Facebook Scuicide

You Get What You Deserve.

Anti – Social Networking

Internet technology

China’ s Low Key Launch Of Its Challenge To Petrodollar Supremacy

petrodollar
Goodbye petrodollar, hello petroyuan? 

We have been blogging and commenting for several years on moves by Russia, China and Iran to replace the US dollar as the global reserve currency, or at least to create a serious rival to the dollar hegemony. There can be no greater threat to the established order (or to the global banking cartel’s dreamed of New World Order,) than the emergence of a serious rival to the dollar. As economic game-changers go there is none bigger or more disruptive than a yuan-denominated settlement system for crude oil contracts, especially when set it is set up up by the largest importer of crude on the planet and the second largest exporter of hydrocarbons.

Given the level of U.S. provocations of Russia and China over the past few years and the recent return to cold war conditions with a new arms race on the cards, perhaps we ought to be happy that the Russians and Chinese seem to prefer currency wars to shooting wars as both have demonstrated they have formidable arsenals of advanced weapons and it is far from certain the U.S.A. and NATO could take on either, let alone both simultaneously.

And yet Beijing’s strategy seems to be a softly softly approach. Oil trades are already being conducted in petro-yuan at the Shanghai International Energy Exchange is on hold. This may be related to US sabre rattling and concern that the US deep state, having no economic response to the move may react rashly if presented with a fait accompli. Thus the fact that China and its partners chose to play down the official launch of the new settlement system is understandable. There was room for some euphoria following the launch, Brent Crude soared to $71 a barrel for the first time since 2015. West Texas Intermediate (WTI) reached the highest level in three years at $66.55 a barrel; then retreated to $65.53.

The launch also signalled a series of “firsts” for China’s trade links with the west, including the first opportunity for overseas investors to access a Chinese commodity market. Significantly, US dollars will be accepted as deposit and for settlement. In the near future, a basket of currencies will also be accepted as deposit. This is entirely in line with the Sino – Russian policy of moving their economic partners towards conducting trades in the currency of the vendor nation.

Will the launch of the petro-yuan be a deathblow to the petrodollar and U.S. economic dominance and the birth of a new era in trade relations? It will but the change is likely to take years rather than weeks. Many variables have to be considered, the most important being China’s capacity to manipulate and eventually dominate the global oil market.

RELATED POSTS:

The Business of War: Defense Sales Keep Economies Of Manufacturing Nations Afloat
Tens of thousands have been killed and millions displaced due to ‘humanitarian’ interventions by the developed nations (led by the USA, France and the UKm the FUKUS axis) in the domestic politics of third world nation. Usually the interventions support rebel groups who if they came to power would be far more oppressive and brutal regime than the one they replaced.

Naked Bankers Go For Gold

… That gold sale in 2013 was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery (quite a lot of it belonged to the german government) In effect the naked shorting of gold could only work because really the right hand was selling to the left hand.

“West’s War In Syria Is Part Of A Global war Waged By The USA And Its Dupes Allies Against Russia”

Arthur Foxake brings us a brilliant analysis of the geopolitical picture from the black Sea and Middle East, but ahead of the embed window we get a few of Arthur’s own thoughts on the situation

Russia Just Sent out a Message NATO Should Better Listen To

The key paragraph from the latest official Russian naval doctrine is that Putin and his military advisers have sent a clear message that NATO encroachment is unacceptable. To be honest, there is nothing earth shattering in this, The Daily Stirrer and many other alternative media news and analysis sites have been warning for about two years that Obama’s foreign policy was making conflict inevitable.

De – dollarization Moves Ahead – Once Again We Told You So,

What Putin Wants

China Warns U.S. to Stop Its Ukrainian Proxy War Against Russia

The World Rejects USA Attempt To Manipulate Venezuela

India’s Ruling BJP Party Crushed In Regional Poll

Another Conspiracy Theory Becomes Fact: Oil Collapse Is All About Obama’s Proxy War With Russia.

G77 Nations vow to destroy petrodollar and America’s New World Order

American Dollar Dumped

Iran’s Oil and the US Dollar

Money From Rock Better Than Money From Air

Strange things are happening in the finance markets, very strange. As the FT and Dow Jones main indexes go up and down faster than a whores knickers, commodity prices are behaving weirdly too.

Currency Wars

Back to Contents table

If You Look At How Fast Global Trade Is Unravelling, You’ll Get Dizzy

Governments constantly make positive noises about the health of their economies although most people who are in work have felt no improvement on the position they were in after the crash of 2008. Wagest are stangnant, employment has reduced somewhat (see below) and while the banks are printing money and the super rich are widening the gap between themselves and ordinary people faster than ever, the real situation is frightening.

Norway’s Biggest Bank Joins Push To Abolish Cash

The move by governments to eliminate cash as a means of trading goods and services is moving faster than we imagined. With another global financial crisis looming according to financial journalists and investment experts this is as understandable as it is undesirable for us ordinary punters.

Refugee Crisis Or Existential Battle With USA for Europe

It has been clear for some years now that the USA, backed by its main NATO and EU military allies the UK and France (the FUKUS axis has been trying to provoke Russian into firing the shot that will be heard around the world and recognised as the startiung signal for World War Three.
Nothing is ever as it seems to be however, and views from middle east and far eastern journals suggest the USA is also working at destabilizing EU nations in order to force their support in its wars.

Big Brands, Big Meetings, Big Summits, but Modern Slavery Still Problem for UK

It’s rather ironic that while british lefties and liberals agonise over the use of several kinds of slave labour in the clothing and electronics sweatshops of South-east Asia and Africa, their American counterparts are still grizzling over a form of slavery that was abolished in their country 150 years ago, constantly whining about how people whose grand – parent were not born when the slaves were freed are still suffering because of the Atlantic slave trade, but happy (and some seem ecstatic but maybe that’s the drugs,) to walk around wearing their Adidas or Nike trainers, clothes from Primark or H&M, or their Apple iPhones or iPads, or Samsung Galaxies. The case is that anything you have which is made in China, India, Bangla Desh, Indonesia, Thailand, Nigerea, Ghana or any other third world nation that manufactures for the global brands propable uses indentured (i.e. slave) labour in some stages of the production chain.

Online fashion giant Asos hosted an event in Mauritius this month to discuss issues surrounding modern slavery in the retail industry, meanwhile the UK is holding a Modern Slavery Summit to see how law enforcement agencies can prosecute more perpetrators of human trafficking. Will thins help? Well judge for yourselves but who can forget the story of the Romanian girl sold to a crime network that trafficked girls to western Europe to work as prostitutes. She was free by do-gooderfuckers in the UK, only to be shipped back to Romania where the authorities handed her back to her father … who immediately sold her back to the traffickers. The stotu came to light when she was freed a second time. but back to the most notoriously reliant on slave labour, the fashion industry.

Brand executives from Adidas, Puma, zLabels, Woolworths and Whistles which all manufacture goods in Mauritius, met anti-slavery lobby groups including the International Labour Organization, the Ethical Trading Initiative and Anti Slavery International and agreed that ‘something needed to be done. So they decided to have a few more meetings. Asos was the first online fashion business to sign up to the Global Framework agreement which aims to improve working conditions for 50 million people, making a public commitment to eradicate slavery from its supply chains but is rather vaguer about how it will achieve its aims.

Valter Sanches, General Secretary of IndustriALL, a federation of trade unions representing 70 milion people globally, said, “This agreement provides mechanisms and standards to empower our unions to safeguard workers’ rights across ASOS’ global supply chain. The GFA deepens our relationship with ASOS, and is an important step for supply chain industrial labour relations.”ASOS has long been committed to protecting the human rights of those who work in its
supply chainvia a dedicated Ethical Trade programme, which ensures sourcing practices are continually reviewed and improved, ASOS launched its first Modern Slavery Statement in 2017.
READ MORE: British Businesses Must Do More to Stamp Out Modern Slavery in Supply Chains

It’s all good PR to be sure, but while the big brands will use it to polish their image, will it actually make any difference in the sweat shops of the third world.?

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Human cost of cheap clothing
There is a hidden human cost of our comforable lifestyles however. Third World workers, clothing workers in particular, are employed under conditions that amount to slavery in everything but name. Even so the hand wringing, tree hiuggers of the progressive left are happy to enjoy what’s provided by the hardship of those wage-slave workers while lecturing less idealistic people about the evils of Europe’s slave trade which ended 200 years ago.

Human Rights: UK Not subject To EHRC says Judge

The oath that every British judge takes requires that they try every case according to the laws and usage of the realm, which means we have to comply with the law as set out by the british parliament and interpreted by higher courts. Parliament requires judges to take account of European decisions.

‘US, EU Kill People In Name Of Human Rights Concerns’ – Philippines President Duterte
“There’s not even a whimper” when powerful nations bomb civilians or “invent” WMDs to invade other countries, Philippines President Rodrigo Duterte told Maria Finosha of RT, in an interview this week. Duterte complained that the West pretends to care about human rights only when it suits the globalist agenda. Duterte visiting Moscow this week. Duterte …

Globalisation And The Destruction Of Civilisation
Despite repeated assertions that this blog does not align itself with either of those anachronistic labels, left and right, our oppositions to globalisation (an attack on benefits the early trade union movement fought for,) and our support for controlled borders and strict vetting of immigrants we are often accused by those who like to label themselves ‘left’ (because it sounds cuddlier) …

Poverty tycoons who make themselves millionaires from taxpayer-funded foreign aid budget


In responce to questions about Britin’s overseas aid budget,David Cameron has said at the United Nations that rather than cutting aid to developing nations in these austere times UK taxpayers should be happy it is being increased. Meanwhile with her own millions safely tied up in trusts Hillary Clinton demands global wealth taxes to raise money for helping the disadvantaged.

Overeducated Elitist Snobs Go For World DominationWe have written many times with tongues in our cheeks of The New World Order but what are we talking about. Is it a conspiracy theory like The Illuminati, are there shape shifting lizards involved. We wish, but sadly it is just a concensus political movement that blurs the lines betwen old parties but hardens those betwee the political, academic and financial elite and the lowrer orders. Find out how it operates below …

The Two Faces Of The Politics Of FailureWhat a mess the modern way of doing politics based on a politically correct consensus and social engineering has produced. The daily stirrer looks at how the bipolar left – right divide stops things getting better rather than helping get the developed world back on track.

Amnesty Says Britain Is Abolishing Human Rights
The Independent does not sell many papers these days but they sometimes have the best stories. Like this one: Britain is leading the charge against basic human rights, Amnesty claims Increased surveillance in Britain, along with the reduction of access to justice, have contributed to one of the worst assaults on human rights in Europe …

Climate Change and the Population Explosion
In all the debates about climate change and the effect of carbon dioxide emissions on the environment there is one issue that has a huge bearing on humanity’s relationship with our planet that neither politicians nor scientists will discuss. Population growth. So a philosopher has to step up to the mark and ask why people are encouraged to have children when we face so many population related problems?

Israel May Be Guilty Of War Crimes – UN Human Rights Chief
May be guilty? This could be the understatement of the millennium Israel maybe committing war crimes in Gaza, the UN High Commissioner for Human Rights says. Speaking in Geneva, Navi Pillay said house demolitions and the killing of children raise the “strong possibility” that Israel is violating international law. Opening an emergency debate at the …

Cotton Price Inflation
The Madness Of The Carbon Accounting System
Life Expectancy Rises By 44 Days In One Year
The Human Cost Of Cheap Clothing
Food Crisis Control Freakery
Climate Change and Population Control
Too Many People

Is There A Holy Grail For Sustainable Energy Fans?

The race is on for increasingly reliable, grid-scale, quick-to-install energy storage solutions that will make the shift to all-renewable power much more realistic. In this, factors such as renewable-friendly regulation and integration of storage systems with renewable power generation capacity can tip the energy transformation scales.

California is one of the places to be if you’re a renewables fan. Its authorities have ambitious plans in this regard, eventually hoping to replace all fossil-fuel generation capacity with renewables. Wholly reliable grid-scale storage systems are crucial for this strategy, and they are becoming increasingly popular in the state.

Unfortunately, the initiative to make the 100-percent renewable plan a law fell through. Unions, worried about possible job losses, pulled their support. Legislators themselves tweaked the bill, so its goal is now to produce 100-percent greenhouse-gas-free energy. The debate about the feasibility of the plan and how fast it could become a reality continues. California is a cautionary tale for other ambitious clean energy proponents.

Meanwhile, the leaders of the battery pack are expanding. AES recently teamed up with Siemens on a joint venture, Fluence, focusing specifically on energy storage system development. Fluence will deal in AES’ Advancion and Siemens’ Siestorage platforms, the companies said, adding it will target the development of new energy storage capacity across 160 countries worldwide.

Tesla is looking in another direction. It already has the largest portfolio of completed energy storage projects globally, at 300 MWh. What it is looking for now is integrating future storage systems with wind and solar electricity producers.

When Tesla said it had won a deal for the construction of the world’s biggest lithium-ion battery storage facility in Australia, it noted that the deal involves partnering with local wind power producer, Neoen, which will supply the battery complex with electricity.

At the same time, AES is working mainly with traditional utilities to supply them with energy storage capacity, focusing on constantly improving the energy density and efficiency of its arrays. Tesla’s all-renewables focus is well documented, and now it could give it the lead in the energy storage race.

Earlier this month, Tesla closed another partnership, with wind power leader Vestas, to develop integrated wind power-energy storage solutions. The Danish company announced earlier this year that it has big plans for energy storage, with Chairman Bert Nordberg telling Reuters that the company had 3.2 billion euro (US$3.84 billion) in cash and no debt, so it could afford some good investments. So far this year, Vestas has invested in almost a dozen battery storage makers.

Energy storage, according to AES’ CEO Andres Gluski, is “the Holy Grail for renewables.” It is the key to the renewables kingdom of the future, eliminating the adverse effects of renewable power’s intermittency. Integrating this Holy Grail with the clean energy producers is the next step. Tesla and other battery makers have already made it. Yet staying with traditional utilities might not be a bad strategy either: it will be some time before renewables become the predominant energy source in the world.

Is There A Holy Grail For Sustainable Energy Fans?
The race is on for increasingly reliable, grid-scale, quick-to-install energy storage solutions that will make the shift to all-renewable power much more realistic. In this, factors such as renewable-friendly regulation and integration of storage systems with renewable power generation capacity can tip the energy transformation scales. California is one of the places to be if …

Only One Percent Of US Bakken Shale Oil Is Profitable At Current Prices
Obama’s strategy to make the USA the worlds leading oil exporter is in ruins. It is entirely in keeping with his record for fuck up and failure that has been the hallmark of his presidency. But what will be the consequences for the world of this latest failure by Obama?

U.N. Official Reveals Real Reason Behind Warming Scare
We said it was a scam, now a United Nations official has admitted the whole climate change scare was really about destroying capitalism. But what doo the elites plan to replace it with, A Corporaite Global Dictator ship in which the world is run by unelected bureaucrats selected from withing a small, elite class? Actually we predicted that as well.

Insane Science Pushing The Earth Towards Ecocide.
At the Daily Stirrer we have suspected it for a log time, science is insane, a game for the ethically challenged and sociopathic to compete to be first to develop a new plague, or a death ray, or to trash the enviromnent in pursuit of political power or corporate profits for their paymasters. There’s even a name for what they are doing now, Ecocide.

You Must Sit In The Dark While The Green Energy Elite Fly In Style
The arrogance of the watermelons (green on the outside, red on the inside) at the department of energy knows no bounds it seems. Civil Servants at the Department of Energy where Glib Dem minister Ed. Davey presides over plans to shut down power stations that work and replace them with a 350 foot high wind …

Climate Change: Study shows carbon dioxide dangers are OVERSTATED
That old demon Carbon Dioxide is in the news again today, not because the scaremongering science screechers have come up with a new lie to sell their ‘tax-the-rich’ globalist agenda but because yet another group of sensible scientists have found that carbon Dioxide levels in the atmosphere are overstated. Hardly a surprising result when you consider the global figure is derived from measurements taken on the slopes of Mauna Loa, an active volcano in Hawaii.

Submerged forests’ drowned by ancient climate change revealed by 2014 storms.
Here’s yet another smack in the mouth for those smug, condescending scientists who talk down to the rest of us. Far from being a new thing, climsste change was affecting the environment at the beginning of the Bronze age. How many fossil fuel burning power stations did the beaker people have then, and how many Chelsea tractors were tearing up and down the ridgeways?

Thanks To Global Warming Policy It’s Going To Be a Long Cold Winter For Many
Those of us who were intelligent enough to point out the scientific fallacies behind the global warming scare and the idiotic failure of logic on the part of politiciansbfar too ready to believe the scaremongers and pursue a policy that made developed nations in northern Europe reliant on an unpredictable and uncontrollable energy source like wind for energy are vindicated as Europe braces itself for power shortages this winter due to coal and oil fired power stations being closed to ‘reduce CO2 emissions’.

So How Is That Hopey Changey Green-weeny Cleeney EnergyThing Going Over The Pond?
When Barack Hussein Obama was elected to the Presidency the first thing he did after capering around jazz handing and singing “Oh Dem Golden Slippers,” and “De Camptown Races” was to embark on a programme of stimulus spending which he said would kick start the American economy. He would do this, his aides promised, by …

The U.S. is bombing Iraq isn’t for humanitarian reasons
The involvement of Britain’s Royal Air Force in delivering humanitarian aid in Iraq t has triggered speculations that the UK, may join the US in launching targeted air strikes against the Islamic State. The RAF Tornados deployed Tornado are two seat fighter planes capable of low level s supersonic flight but not idea for delivering large payloads of bagged rice or bottled water. They could be useful for dropping medicines however. Though British military leaders were insistent that the aircraft would only be used in Iraq as part of humanitarian operations, the choice of Tornados … More

Hackers Now Able To Shut Down Electricity Supply
The Symantec report, published on Wednesday revealed a new campaign of attacks by a hacker group calling themselves Dragonfly 2.0, which claims it targeted dozens of energy companies in the spring and summer of this year. In more than 20 cases, Symantec reports the group gained access to the target companies’ networks and were able …

dnessCarbon accounting ma
Global warming: The CO2 lie
Climate change: economics and reality
We were bullied into buying diesel cars to help the environment. Now experts admit this ‘green’ fuel is killing thousands of us
Wind farms: Is Common Sense Breaking Out In The Warmageddonist Industry?
Scalar wave enery: Forgotton science of free electricity

Biofuels – The Great Green Folly
Big Green Versus Big Koch
World Economic Forum Calls For $14 trillion program to make the global economy greener…
More of the Wind Farm Fraud
Klondike 2: The Great Arctic Oil Rush

Oil Shale Salvation

TTIP on the Brink of Failure: EU ‘Frustrated’ By US Refusal To Accept Conditions It Insists Europe Must Accept

The Transatlantic Trade and Investment Partnership (TTIP), which has been pushed by the Obama Administration and the European Union’s ruling bureaucratic dictatorship, looks increasingly close to being abandoned as public opposition to it mounts in both Europe and the USA.. The EU negotiators are frustrated by American intransigence in refusing to grant the EU access to US markets, while demanding the removal of all obstacles of all obstacles to American goods being dumped in European markets. It is now becoming apparent that the potential deal should always have been a non starter, as the business culture of European countries and the US have little in common, German business newspaper Deutsche Wirtschafts Nachrichten (DWN) wrote.

Referring to the website EUobserver, the newspaper noted that EU negotiators have become frustrated about the deal and don’t believe in the success of the TTIP anymore.

The main problem is fundamentally different visions of the US and the EU about the nature of the agreement.

“The US is pressuring the EU to roll back environmental and health standards as part of a free trade deal,” EU observer wrote. “The US also wants to keep the current arbitration system that allows corporations to sue governments for perceived loss of profits.”

According to DWN, the US is playing hard, making “unacceptable” demands and trying to bully EU negotiators. US attempts to talk up the non existent threat to the EU from Russia should the deal fail have angers the EU side and contributed to growing “frustration among Member States”. Russia will be very happy to see the deal fail as that would open the way for closer economic ties between the EU and the Russian Federation.

Several clauses in TTIP have sparked controversy as critics fear they will allow global orporations to overturn national laws (as has happened in Canada which signed a similar  trade treaty with the US some years ago.) These fears are exacerbated by secrecy surrounding the negotiations and the power they could give to international corporations at the expense of small and medium-sized businesses.

RELATED POSTS:
The back story of TTIP
TTIP: Corporate sovereignty over national democracy
TTIP will make national sovereignty folklore
TTIP, the Transatlantic fascism conspiracy
The free trade to global government conspiracy
By support for TTIP, Labour sells out to corporate money
TTIP paves way for corporate owned NHS
EU Bureaucrats To Push TTIP Through Before Obama Leaves Office?
Controversial TTIP (Global Tyranny) Legislation Held in ‘Secure’ Room to Avoid Leaks
Leaked EU – TTIP document: Destruction of Democracy planned
The Death Of Democracy – Lobbying For TTIP
German Judges rule EU – US TTIP trade deal would undermine national courts
More truth about undemocratic TTIP
TISA – if you hated undemocratic TTIP, you will loathe this

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Former McDonalds CEO Warns Minimum Wage “Will Wipe Out 1000s Of Jobs”

by Arthur Foxake

This blog is not a big fan of McDonald’s, their food does not appeal to us and their business practices are appalling. but they have been a very successful business over the past 50 years and so when a former CEO speaks out against one of the left’s great sacred cows, the minimum wage.

For some reason that can only be related to their economic illiteracy, the left; USA’s Democratic Party, UK’s Labour Party and Europes Social Democratic parties seem to think the imposition of a minimum wage must improve the lot of ‘the poor’.

Nothing could be further from the truth, we have written on the negative effect of minimum wage laws on the income of low wage workers. The first minimum wage scheme, The Speenhamland Poor Relief System, introduced in the late eighteenth century in England was disastrous for the people it was supposed to help. Faced with having to pay a legal minimum hourly rate, employers simply cut workers hours. Things are no different now, as former McDonalds chief Ed Rensi explained in a Forbes op – ed recently:

(While his words might shock the big government worshipping, Nanny State tit suckling ‘progessives’ should be no surprise to any rational businessman or accountant.)

“A $15 minimum wage won’t spell the end of [fast-food brands]. However it will mean wiping out thousands of entry-level opportunities for people without many other options.” The $15 minimum wage demand, which translates to $30,000 a year for a full-time employee, is built upon a fundamental misunderstanding of a restaurant business (and we add simple supply and demand fundamentals) – just “do the math” Rensi rants…

“They’re making millions while millions can’t pay their bills,” argue the union groups, suggesting there’s plenty of profit left over in corporate coffers to fund a massive pay increase at the bottom.

In truth, nearly 90% of McDonald’s locations are independently-owned by franchisees who aren’t making “millions” in profit. Rather, they keep roughly six cents of each sales dollar after paying for food, staff costs, rent and other expenses.

Let’s do the math: A typical franchisee sells about $2.6 million worth of burgers, fries, shakes and Happy Meals each year, leaving them with $156,000 in profit. If that franchisee has 15 part-time employees on staff earning minimum wage, a $15 hourly pay requirement eats up three-quarters of their profitability. (In reality, the costs will be much higher, as the company will have to fund raises further up the pay scale.) For some locations, a $15 minimum wage wipes out their entire profit.

Recouping those costs isn’t as simple as raising prices. If it were easy to add big price increases to a meal, it would have already been done without a wage hike to trigger it. In the real world, our industry customers are notoriously sensitive to price increases. (If you’re a McDonald’s regular, there’s a reason you gravitate towards an extra-value meal or the dollar menu.)

Instead, franchisees can absorb the cost with a change that customers don’t mind: The substitution of a self-service computer kiosk for a a full-service employee.

Rensi concludes on a sombre note…

I suspect that the labor organizers behind this campaign for a $15 minimum wage are less interested in helping employees, and more interested in helping themselves to dues money from their paycheck.

They’re unlikely to succeed in their goal of organizing the employees of McDonald’s franchisees, but they may well succeed in passing $15 into law in other sympathetic locales.

You’ll see their legacy every time you visit the Golden Arches, where “would you like fries with that” is a button on a computer screen rather than a phrase spoken by an employee in their first job.

While Mr. Reni is referring specifically to a familiar situation at McDonalds, similar things will happen in other businesses and industries. A business can only survive if it pays what the job is worth. And what the job is worth must be dictated by market rules and not by Barack Hussein Obama, Killary Clinton and their elitist cronies.

Unsurprisingly, while governments are prepared to condem the children and grandchildren of their own nationals to the gringing poverty of part time work and zero hours contracts, there are some groups who have contributed nothing to society and in many cases have no legal right to be in the country, for whom special arrangements are made

Denmark Gives Large Bonuses To Get Migrants To Work – How Is That Fair To Danes

In a move that tells us much about what is wrong with the politically correct Culturalk Marxism that dominated European politics, the government of Denmark has announced a plan to persuade migrants to work for a living instead of claiming state handouts by offering companies 40,000 kroner to hire them.

This new plan for migrants is part of the ‘integration basic education’ plan that hopes to get migrants working so they are not as huge a drain in the Danish welfare system as they are becoming more and more in places like Germany and Austria. It is difficult to see any logic behind that, surely it is no more expensive to pay out doles than to employ people who have no skills and cannot speak the national lanugage to do nothing. How many office cleaners and kebab stuffers does a sma;; country like Denmark need?

The programme announcement follows the leaking to Danish media of figures showing non-Western migrants made up a startling 84 per cent of all Danes on welfare. Migrants currently cost the government around 1.1 billion pounds every year.

TheLocal.dk reports the new programme aims to get migrants into short-term jobs at an apprentice salary of around 50 to 120 kroner an hour. This is the equivalent of around 12 pounds an hour which is almost double the current wage for British apprentices who are paid the legal minimum wage of £6.70 an hour, although that will increase to £7.20 in April.

The migrant jobs will last up to two years and they will also be offered 20 week courses to increase their skill development and further their education. The companies that participate in the scheme will also be eligible for a bonus of 40,000 kroner (£4,179), if the migrants remain employed for the two-year term of the contract.

The Danes will also pay for accommodation for the migrants who take part, making sure that they are able to live close to their employer or at least in the same city or town. Relocation and transportation costs will likely also be paid for by the state.

This is just another example of the wrong headedness of political elites, it will do nothing to help integrate new immigrants into Danish society, but by sending out the message that foreigners are given special treatment and their interests are prioritised over those of local people it will encourage more to come and thus make the crisis worse.

RELATED POSTS:

UK Unemployment Rises Again as part time jobs increase.

Unemployment in the UK rose by 48,000 in the quarter to December 2011. The figure of people without jobs now stands at 2.67 million, a jobless rate of 8.4 per cent, the worst figure since the end of 1995. The number of people claiming Jobseeker’s Allowance rose by …
Globalisation can work, but only with a unified international plan says Will Hutton. WRONG!We need global economic and social institutions working across national borders economist Will Hutton who now appears to have been re educated and started working for The New World Order argued recently. If only it were that simple. Unfortunately globalization is the enemy not the trigger of the kind of economic recovery we need.
No Jobs For The Masses In The New Economy Despite University EducationNo matter how leaders like David Cameron and Barack Obama try to talk up their economies or assure voters the jobs market is improving, growth returning and unemployment will soon start falling, the truth is change does not equal progress and forcing the pace of social change has only masked the true depth of economic and social problems. One of these is unemployment and particularly joblessness among the young. Even a universdity education does not provide a guaranteed career path.
The 99ers: Death Of The American Dream.
The 99ers are a new social class created by the economic recession in the USA. This new demographic, not one the advertizing industry will be interested in are jobless people whose unemployment benefit (job sekers in UK parlance) benefit has run out and thus who have dropped off the unemployment statistics. But even for people who are not 99ers times are hard scross the pond …
Armageddon
No Real Jobs In New Economy
Bitter Fruit
A Future Of Medieval Serfdom
Magic Money

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