Lord Rothschild: The New World Order Is At Risk


Baron Jacob Rothschild – concerned banker or Bond villain? (Picture Source:  http://www.myfirstclasslife.com  )

In the RIT Capital Partners 2014 annual report, the head of Rothschild family banking empire warned that “the geopolitical situation is most dangerous since WWII.” A year later, Baron Jacob Rothschild repeated his warning about the outcome of “what is surely the greatest experiment in monetary policy in the history of the world”. In August 2017 with markets still behaving irrationally he cautioned that “share prices have in many cases risen to unprecedented levels at a time when economic growth is by no means assured.”

Little did he know at the time that, driven by High Frequency Trading, computer algorithms and a quasi religious blind faith in technology they would keep rising, but related to that, he also made another warning which the market has so far ignored:

The period of monetary accommodation may well be coming to an end. Geopolitical problems remain widespread and are proving increasingly difficult to resolve.

In the latest half-year commentary from RIT Capital Partners published yesterday, Lord Rothschild made his sternest warning to date, this time focusing on the global economic system that was established after WWII to create a new world order, and which he believes is now in jeopardy.

The billionaire banker pointed to the US-China trade war, which is really a US versus Russia, China and Iran currency war, and the Eurozone crisis, with the resurgence of nationalism threatening the European Unity project after the UK’s Brexit vote, as the key problems putting economic order at risk, and the lack of a “common approach” – a reference to the gradual unwind of global thinking in the wake of President Trump – that has made “co-operation today much more difficult”:

“In 9/11 and in the 2008 financial crisis, the powers of the world worked together with a common approach. Co-operation today is proving much more difficult. This puts at risk the post-war economic and security order.”

It wasn’t clear if he was referring to the post-war fiat money standard that emerged once FDR devalued the dollar relative to gold, and then fixed a price for the yellow metal, a tenuous link that was subsequently destroyed by Nixon who finally took the US off the gold standard, or the primacy of the dollar which emerged as the world’s reserve currency after the end of WWII, paving the way for the US to bid for global hegemony, but whenever one of the people who profited handsomely from the “post war world order” warns it may be on its last legs, it may be time to worry.

Either way it is hard to believe that Rothschild is a stupid man, although living in an elitist bubble he may be detached from reality, but his comments suggest that he is unaware the great mass of people have woken up to the fact that globalisation can only benefit the elite in the west, while diminishing the educated populations of developed nations in favour of buying the loyalty of uneducated third world multitudes with handouts and cheap gadgets.

With global risks growing after politicians and the banking cartel have kicked the can down the road for several years by printing money, how is Rothschild positioned? He writes that “in the circumstances our policy is to maintain our limited exposure to quoted equities and to enter into new commitments with great caution” and indeed, in the first half, RIT had a net quoted equity exposure of only 47%, historically low. The reason: the iconic banking family is concerned that the 10-year bullish cycle and market rally could finally be ending.

While Rothschild noted that “many of the world’s economies have enjoyed a broad-based acceleration not seen since the aftermath of the financial crisis of 2008, with as many as 120 countries seeing stronger growth last year” he also cautioned that “we continue to believe that this is not an appropriate time to add to risk. Current stock market valuations remain high by historical standards, inflated by years of low interest rates and the policy of quantitative easing which is now coming to an end.”

One potential risk is Europe, where debt levels have reached “potentially destructive levels”.

Quite so, but the growth we have seen since the 2008 crash has not been organic growth but has occurred mainly because interest rates at which governments lend to banks (by selling bonds to fund their deficits,) have been artificially maintained at suicidally low levels. This has enabled banks to borrow at a quarter or a half per cent, and use their borrowings to buy bonds with a fixed rate of three or three and a half per cent (or higher for nations with weaker economies.) These bonds often give a higher yield as it is possible to buy them at a discount.

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) …

Can Americans Overthrow The Evil That Rules Them?
The anti – establishment, anti – globalisation mood that manifested itself in the Brexit vote is sweeping across Europe, the cosy government – corporate cartel is desperately trying to control the narrative, but against the combined strength of millions of new media commentators all challenging the official; narrative, the dark forces of globalism are on the back foot.

Is Bilderberg A Sinister Group That Runs The World Or Just A Tea Party For Rich And Powerful People
Are the Bilderberg Group meeting, this weekend in Dresden, Germany, really The Shadow Government (the New World Order, The Illuminati,) that rules the world?
The Oligarchy Is Tottering – Trump Tramples The Neocons’ “False Song Of Globalism”
Donald Trump scares the global establishment as do the anti Federalisation parties in the EU. We take a long and detailed look at why, and exactly what the globalist agenda would have meant for freedom and democracy had people not wonken up and opposed it in vast numbers. Kudos to the Islamic Jihad too, medievalist religious nuts they may be, but they resisted American attempt to impose western consumer culture on them.

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. Wages are stagnant, 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.

The New World order Pope Wants You To Pray For One World Religion
The Marxist, globalist, Soros apparatchik currently posing as head of the Catholic faith wants to scrap the Catholic Church. He didn’t say that in so many words but he has called on Catholics to pray for the creation of a world religion (because love and peace) which would embrace


Democracy Murdered In France

I’m hearing very disturbing news from the French regional elections, predicting that the Front National, comfortable winners in last week’s first round of regional elections, hasve been routed in all regions. For that to happen, and to happen through a massive increase in turnout, suggests electoral fraud on a hughe scale. Or has France joined Britain in adopting the Islamic version of democracy, which is one man one vote, one Imam one thousand votes.

Who Runs America, The White House Or The Shadow Government?
Reports of President Barack Obama’s meeting with Russian leader Vladimir Putin at the G20 summit over the weekend do not look right in the context of yet another blitz of provocative rhetoric from The Pentagon and the Department of Defence towards Moscow. In view of the USA’s constant push towards all out war with Russia, one has to ask who is in control: Obama or the generals?

EU “Sounds Alarm” Over New US Sanctions On Russia; Germany Threatens Retaliation
Late on Friday (21/07/17), Congressional negotiators agreed to advance a cross – party bill that would punish Russia for its (alleged) interference in the 2016 election according to the Wall Street Journal. And while it seems improbable that President Trump would sign the bill if it reaches his desk, the loudest complaint about the bill to date has emerged not from the Oval Office, but from US allies in NATO and the European Union …

Trump catches attention of CFR, Bilderberg, Trilateral

Donald Trump is portrayed as a clown by mainstream media and his combover is the silliest I have ever seen. Still, he’s a billionaie so I don’t suppose he gives a flying fuck what The Daily Stirrer thinks of him. Not that we think he is all bad, anyone who attacks Obama’s global naziism trade deals, TTIP and TPP mush have some good points.

Prepare For The Worst Case Scenario
An article on the cashless society our political and corporate overlords are pushing for proposes that as far as privacy and individual liberty are concerned, what is being planned right now in the political capitals and financial centres of the world is the worst case scenarion. An all digital financial system would mean the end of privacy, nothing you bought or traded would be your own business any more …

How Mainstream Media And The Major Political Parties Are Making Sure Voters Do not Hear The Voices Of Politics’ Most Powerful Critics
As the General Election campaign starts to heat up, we try to shift focus away from the squabbling between Conservative and Labour about who can make the most promises they have no intention of keeping and to the real issues concerning jobs, social breakdown , mass immigration, and loss of national sovereignty.

US Presidents Of The Past warned Against Secret, Shadow Government.
By now it should be obvious that peacemake, joybringer and putative aquatic pedestrian Barack Hussein Obama was never really in charge of the US Government. Whatever Obama said would happen, all the American government’s policies ensured the opposit would happen. The embedded article thows some light on how the US government really works

The American Political System Is “Not A Democracy Or Constitutional Republic” – Thiel
The state of democracy in the USA has become a hot topic of conversation in American business circles in recent years. While President Barack Hussein Obama, not so much a man as an ego on long skinny legs, has increasingly been inclined to rule by executive order in the manner of a despot or tyrant, even Obama’s fiercest critics have to admit the American electoral system seems increasingly capable of delivering only political paralysis …

U.S. versus Russia War: Top Russian Politics Scolar Stephen Cohen Tells The Truth
We have been blogging for four years about the US drive for war, provocation of Russia in Syria, Iraq, Ukraine and elsewhere made it obvious. But I’m just a news junkie with a strong sense of curiosity and have wondered why the US seems set on this course. Good to see experts like Stephen Cohen, a prominent expert on, Russia are coming onside.

Another Reason To Get Out Of EU. UKIP MEP Hits Out At Fishing Policy That Penalises British Fishing Crews
As the General Election campaign starts to heat up, we try to shift focus away from the squabbling between Conservative and Labour about who can make the most promises they have no intention of keeping and to the real issues concerning jobs, social breakdown , mass immigration, and an often overlooked area in which our EU membership has perhaps done more damage than any other, the fishing industry.

Multi-Cultural England: Are You Feeling The Progressive Diversity.
As racial and sectarian tension increase on the streets of britain while politicians gear up for the election campaign, we take a look at the state of Britain today, Imigrant child abuse gangs, Clerics of alien faiths dictating moral strictures, and everywhere we look, foreigners being given provieged status. Is it any wonder the voters are angry?

Another Conspiracy Theory Becomes Fact: Oil Collapse Is All About Obama’s Proxy War With Russia.
While we are distracted with sex scandals at home and terrorists rampaging through the middle east and Africa, the US / EU / NATO confrontation with Russia / China / Iran is geting into a very dangerous state. While the Chinese led move to dump the US dollar as global reserve currency is causing economic chaos, the USA attempts to provoke armed conflict with Russia are getting more reckless and desperate.

Seventy Years Down The Line And We Have Come Back To Appeasement As A Means To Peace.
As a spate of increasingly bloody and violent attacks on civilized values and the democratif freedoms of the western nations (free speech for example) continues to cause revulsion among the general population, our spineless leader are calling on us to be tolerant. The cowardly hypocrites who lead us may be ready to surrender, but anger is mounting in the cities and towns.

Another Blow To The US Dollar Reserve Currency Status As Russia Sings Up Turkey, India
The move led by Russian and China to dump the US dollar as global reserve currency continues to gain momentum. Most recent nations to sign bilateral agreements to settle cross border transactions in the currency of the vendor are India and Turkey.

Even The BIS Is Shocked At How Broken Markets Have Become.
If the Bank of International Settlements (BIS) the bank where banks and governments do business is worried about the state of the markets, we are in bigger trouble than anyone is letting on.

Based on info at ZH (reveal)
<!– –>

UK Government wants complete control of online control to censor ‘unreliable’ news sources

British state needs complete online media control and wants to decide which news sites are ‘reliable’ – report

Demanding news websites be ranked on ‘perceived reliability’ by a state-sanctioned body and controlled by ‘impartiality’ rules, as well as suggesting social media firms fund education for citizens on what news to trust, are recommendations included in a parliamentary enquiry interim report.

The Digital, Culture, Media and Sport Committee, made up of anti-Brexit MPs, believe that satire and parody should be included in the definition of ‘Fake News’.

fake-news1

fake-news2

Other calls for all political ads to be registered, significant increases in fines for perceived wrongs during campaigns, including holding social media platforms responsible for ‘fake news’ on their platforms, are also in the report.

The remain MPs report also wants all political advertising to be declared in a public register with all ads to come with an imprint so it is clear where they originated.

READ MORE at Voices of Europe

BA and Aer Lingus chief’s reply to shirt lifter Varadkar’s Brexit threat

The Irish turd – burglar Taoiseach (prime minister) Leo Varadkar last month threw a hissy fit because he was not getting his own way over Brexit and threatened that British planes may be unable to fly over Ireland in the event of a no-deal.

William Walsh, the CEO of International Airlines Group, which owns Aer Lingus and British Airways, responded to the warnings, adding that Brexit was “inevitable”. Guesting on BBC’s Radio 4 Today programme, Mr Walsh was asked about Varadkar’s threat. He replied: “It wasn’t from the Irish Government, it was a comment from the Irish Taoiseach in response to a question.

“I am not sure exactly what he meant but the idea that airspace will be closed for flights transiting a country, that is not going to happen, so I am not concerned.”

The Irish Taoiseach also sent the UK a fierce warning about the implication to aviation if there is not a deal secured between the UK and the . Mr Varadkar, said: “The situation at the moment is that the UK is part of the single European sky.

“If they leave the EU they are not, and that does mean if there was a no-deal hard Brexit next March, the planes would not fly and Britain would be an island in many ways.

OK, I know it’s Ireland, but how did this thick twat get to be anything higher than an office cleaner. Does he not know that access to airspace above a nation is governed by international treaties, it is not subject to Euronazi diktat.

UK heading for BLIND EU exit – Barnier warns

00221917a33e1b1046fe0f

Picture: http://www.chinadaily.com.cn/

Brussels’ chief Brexit negotiator Michel Barnier cast fresh threw ano ofther spanner into the works the negotiating process when he said political declarations on the UK’s future trade and security partnership with the EU will not be complete by “Autumn 2018”.

Negotiators from both sides are hoping to complete the final 20 percent of the withdrawal agreement, which sets out the terms of Britain’s severance from the increasingly political bloc.  The £39bn Brexit bill, transition period and the Irish backstop, are yet to be completed, but there are issues around free movement, immigration policy and whether the European Court of Justice will still have a role in UK laws.

In an article syndicated in many European newspapers, Barnier said: “Since we will not know what the future relationship will bring by Autumn 2018, we need to have a ‘backstop’ solution in the withdrawal agreement.”

The minor detail in the Frenchman’s 891-word article will likely frustrate Britain who have stressed the link between the withdrawal agreement and the declaration on the future relationship.

On his recent visit to Brussels, Brexit Secretary Dominic Raab called for “a clear and precise vision for our future relationship, and set this out in a political declaration to be signed alongside the withdrawal agreement”.

The withdrawal agreement has to be ready by October and is due to be signed off by leaders at the EU Council summit that month. Britain holds the expectation that there will also be a political declaration outlining the future relationship in place as well.

Since replacing David Davis, Mr Raab has reiterated the link between so-called Brexit bill is dependent on the EU fulfilling its obligations to the negotiations. There is no sign of this happening as the EU attitude continues to be that negotiation is a process in which they lay down conditions and Theresa the Appeaser overruled her ministers and agrees to whatever brussels demands.

EU Courts to Have Final Say on Brexit ‘Divorce Bill’ and Millions of Migrants

What might well be the final act of betrayal that will finally destroy the political career of the Prime Minister nobody wanted, was enacted earlier this week when Teresa May’s government quietly agreed in a behind closed doors session with the European Union (EU) negotiators to give European courts the final say over Brexit issues, including the massive “divorce bill”, migrant rights, and the Irish border “backstop”.

This latest and most treasonous concession so far from the government would, in the unlikely event of May getting her own party to accept it or brokering a deal between her own party’s Remain contingent, Labour and the SNP, give the European Court of Justice (ECJ) effective control over any dispute involving the £39 billion payment and the status of more than three million European citizens and migrants.

Foreign judges would also control the implementation of plans to keep Northern Ireland locked in the bloc’s Single Market if the border cannot be kept open by other means, as the Prime Minister has agreed. The stark climb-down has been made in private, The Times reports, in an attempt to move talks on after they stalled and EU bureaucrats and negotiators refused to comprise.

One of the central themes in the Vote Leave campaign was the promise to take back control of Britain’s laws and courts and to leave the jurisdiction of the ECJ. The ruling elite are even more deluded than we thought if they try to get away with this. Although Remainers and mainstream media are convinced most leave voters were motivated by racism and xenophobia, in fact a majority of working class voters cited surrender of national sovereignty to foreign bureaucrats as their main reason for voting to leave the EU.

Pro-Brexit Tories slammed this latest revelation as just another example of concessions by Mrs May. Sir Bernard Jenkin, the Tory MP for Harwich, declared it unacceptable and said it could be rejected in Parliament.

“This is very profound. It is giving a status to the European Court of Justice in the withdrawal agreement that is not accorded to the Supreme Court in the United Kingdom,” he said. “That makes it a deeply unequal relationship and therefore unacceptable.”

Former Tory leader Iain Duncan Smith commented: “This would be akin to saying that a UK citizen living in America could have their rights protected by a UK court.”

A UK government source insisted that the ECJ would not have the final say. “We have categorically rejected any proposal that would see the court of one side decide disputes,” they said.

A draft withdrawal agreement between the UK and bloc already states that a joint committee of officials will consider all disputes between the two sides but apparently and without any authority to do so, Mrs. May has overridden this.

Why I voted for Brexit

I often get asked, As a Brexit supporter ca you give me one definite advantage of leaving the largest trading bloc in the world?

Well where do I start?

The question asks me to state the reasons why I voted the way I did but it is the wrong question all the same.

I voted for ‘leave’ but I didn’t vote to leave a trading bloc. I voted to leave because I had lost faith with the ability of the European Union to be able to successfully govern itself. There have been several tests of the EU governance model over the past decade or so and, in my opinion, the EU has failed almost all of them.

  1. The way that the EU treated Greece during their financial collapse was a salutary moment for me. I am not Greek, have never been there and don’t really have any intention to in the future, but the way that the EU put the interests of the German banks ahead of the outcome of the population was scandalous. A community of nations? Not a chance!
  2. The EU should never have allowed the Greeks to get themselves into the situation whereby their economy would go into free fall. Everyone knew the Greeks were fiddling the books, not paying taxes, running up huge pension liabilities etc, but nothing was done because the EU desperately wanted Greece in the single currency system and that political goal was more important that the welfare of the Greek population.
  3. Nothing ever is done to address real problems because the political goals (ever closer union, a single currency, an EU army etc. take priority, and that is the Achilles heel of the EU. Italy is in an equally parlous state: its banks are basically bust, tax avoidance is high and it has severe budgetary problems. Nothing will be done by the EU and they will do everything in their power to obstruct any action by the Eurosceptic government of Lega amd Five Star aimed at tacking the problem.
  4. The Southern European countries are all still suffering from a decade of zero growth Or negative growth), high unemployment and stagnation. I had a plethora of talented and skilled Italians, Spaniards, Portuguese, Greeks and Cypriots work for me in London. I know they are not coming to London for the weather or the food. They are coming because their economies have collapsed and they are unable to find work. A generation of youth has been failed.
  5. The failure to offer a coherent and viable approach to the migration issue of a few years ago was the final straw. Again the Southern European countries who had to deal with the huge influx received no meaningful assistance. They were (and still are) thrown under the proverbial bus.

These are just a few examples of some of the biggest failures of coherent governance within the EU and national governments. This is not sustainable in the long term, you cannot keep “kicking the can down the road”. Things need to fundamentally change but I do not have any faith the required political will is there.

Ultimately I took the view that the EU did not have the political will or capability to join too many disparate political views and requirements together. The Northern bloc, Southern bloc and Eastern bloc have economies and histories/cultural biases that will take generations to merge even if the political will is there. It isn’t. This doesn’t end well and I don’t want my children to be tied into an organisation that is not capable of running itself.

Now this is not to say that I think that life outside the EU will be easy for the UK. It won’t. I am also not saying that the governance model in the UK is exemplary. It isn’t and the London centric bias needs to be fundamentally reviewed. But I am taking the very long view and I think that when the day of reckoning comes for the EU, which it will unless the EU is able to fundamentally change the way it is run and operated, then the UK (and my children) will have built up a diversified and resilient trading capability with the whole world and not just the parochial view it currently has with the EU.

Clearly the above analysis is flawed if you think the EU is well governed and you feel that I have fundamentally misunderstood what has happened over the past decade.

 

Teresa Appeaser Sidelines Elected MPs, hands Brexit To Pro EU Bureaucrats

olly-robbins-640x480
Ollie Robbins – couldn’t look any more queer if he had shirtlifter tattooed on his forehead (Picture: Getty)

The Department for Exiting the European Union (DExEU) has miraculously been transformed by Teresa the Appeaser into the Department for Shafting British Democracy Up The Arse, after the Prime Minister removed responsibility for the Brexit negotiations with Brussels, from elected representatives and handed its powers to a couple of rabidly pro EU Old Etonian bum chums and Downing Street Civil Servants Oliver Robbins and Jonathan Black. These unelected bureaucrats will now take control of talks with the EU.

In a statement, published only hours before MPs leave parliament for a 6 week summer break, euphemistically titled “Machinery of Government Change”, (well “Piss on you voters, I’m Prime Minister and you have to do what I say,” would be uncharacteristically honest,) Prime Minister Theresa May showed her contempt for democracy and her hatred of Britain by effectively demoting the newly appointed Brexit Secretary Dominic Raab, declaring:

“I will lead the negotiations with the European Union… supported by the Cabinet Office Europe Unit,” which is largely led by Olly Robbins (pictured above, right), the Prime Minister’s chief Brexit adviser.

Mr Robbins is a career civil servant, former adviser to Labour Prime Minister Tony Blair (which should automatically disqualify him from any position on the public payroll,) and an admirer of the Soviet Union (the most undemocratic and elitist political system ever, before the formation of the EU,) who is widely accused of pushing a “soft Brexit”.

The statement adds that the “Europe Unit will have overall responsibility for the preparation and conduct of the negotiations, drawing upon support from DExEU and other departments as required”.

At Parliament’s Exiting the European Union Committee, moments after the announcement, Conservative MP John Whittingdale joked that Mr Robbins and Brexit secretary Dominic Raab should “swap places” as the bureaucrat was essentially in charge of Brexit instead of the secretary of state.

Last week, Mr Robbins quietly purged the DExEU of 50 of its best negotiating staff, securing himself more power in Whitehall and over Brexit ahead of the official power grab.

The Boggart Blog bookie is taking no more bets on whether Teresa May will still be Prime minister when Parliament returns from the summer break.